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Paying back CERB, CEBA: Some Canadians facing financial troubles - CTV News Toronto Mar 11th
Paying back CERB, CEBA: Some Canadians facing financial troubles CTV News TorontoView Full Coverage on Google News.... More »
How to survive a recession: Six tips for Gen Z and those who haven’t faced one before + MORE Jan 16th
As we begin 2023, young adults face a looming recession—and it remains to be seen whether it will be a mild or moderate one. What does an economic downturn mean for Gen Z? What should those just entering their careers, moving out on their own and aspiring for more financial independence do right n.... More »
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories - The Globe and Mail Sep 3rd
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories The Globe and MailView Full Coverage on Google News.... More »
The best 5-year fixed mortgage rates in Canada + MORE Jul 12th
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The best 5-year fixed mortgage rates in Canada
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Making sense of the markets this week: September 1, 2024 + MORE Aug 30th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Nvidia earnings land on the moon—shareholders were aiming for the stars
Pretty much any other company in the world wou.... More »
Recovering from GIC sticker shock
– moneysense.ca
If you’re a retiree or near-retiree relying on GICs for your fixed-income investments, no doubt you’re facing GIC sticker shock as previously invested GICs are reaching maturity. If before you were getting 2% to 3% on 2-, 3-, 4- or 5-year GICs, you may be shocked to discover you’ll be lucky to get 1%—and only then if, instead of taking the GIC your brokerage suggests, you fight for a better offer. Committing to a 5-year term may gain you only 0.5% or so, depending on the provider.
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
