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First Republic stock craters 49% after the bank reveals customers pulled out $100 billion of deposits last quarter - Yahoo Canada Finance Apr 25th
First Republic stock craters 49% after the bank reveals customers pulled out $100 billion of deposits last quarter Yahoo Canada FinanceFirst Republic Bank faces tough options after deposit flight jolts investors The Globe and MailForexlive Americas FX news wrap: Banking woes sp.... More »
Fixed or variable mortgage rate: Which should you choose in 2024? May 28th
If you have a mortgage on your home or have been trying to break into the housing market, you’ve probably watched interest rates go up, up, up over the past two years. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and exi.... More »
Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st
Housing affordability—while still extremely expensive in many of Canada’s major real estate markets—was all over the map in 2024, as central bank interest rate cuts reduced mortgage rates, and a lack of demand in the first half of the year kept a lid on buyer competition.
According to the y.... More »
7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario - CBC Jun 23rd
7 First Nations sign nuclear reactor ownership deal with Ottawa, Ontario CBCOttawa, Ontario to announce joint Indigenous loan guarantee for new Darlington nuclear reactors The Globe and MailSeveral First Nations sign deal with Ottawa, Ontario to own part of a nuclear reactor&nb.... More »
This major Ontario lender announces financial hit as borrowers miss payments, bad loans mount Mar 11th
Publicly-traded Goeasy's announcement follows Star investigation revealing staff at subsidiary LendCare had set out to suppress its delinquency rate..... More »
Should you update your financial plan given recent volatility?
– moneysense.ca
The COVID-19 pandemic is causing wide-ranging impacts on people’s investments, jobs and businesses. There are events that may trigger significant personal changes for someone’s financial planning, but COVID-19 has caused sudden changes for many people all at the same time.
Investments
For those who are concerned about their investments right now, we should start with some perspective. The TSX is down about 8% over the 12 months ending April 30, 2020. The S&P 500 is up about 3.5% in Canadian dollar terms. The FTSE Canada Universe Bond Index is up about 8.5% over that period. Despite a sharp correction in March, markets have rebounded nicely. And the year-over-year numbers do not look all that bad for a balanced portfolio that is hopefully break-even.
If someone had a predominantly Canadian portfolio, or only owned a few stocks in hard-hit sectors, their investments may not look so great right now. Or if an investor panicked and sold in March, they may have missed out on the 30% recovery as stocks have bounced back from the recent lows…
Investments
For those who are concerned about their investments right now, we should start with some perspective. The TSX is down about 8% over the 12 months ending April 30, 2020. The S&P 500 is up about 3.5% in Canadian dollar terms. The FTSE Canada Universe Bond Index is up about 8.5% over that period. Despite a sharp correction in March, markets have rebounded nicely. And the year-over-year numbers do not look all that bad for a balanced portfolio that is hopefully break-even.
If someone had a predominantly Canadian portfolio, or only owned a few stocks in hard-hit sectors, their investments may not look so great right now. Or if an investor panicked and sold in March, they may have missed out on the 30% recovery as stocks have bounced back from the recent lows…
