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Variable mortgage rates regaining traction as Bank of Canada cuts rates - CTV News Sep 5th
Variable mortgage rates regaining traction as Bank of Canada cuts rates CTV NewsBank of Canada reduces policy rate by 25 basis points to 4¼% Bank of CanadaPosthaste: CIBC says the 'when' for Canadian dividend stocks is now Financial PostMarket Quote: Bank of Canada .... More »
The best Visa credit cards in Canada for 2025 Apr 4th
Visa credit cards are some of the most widely accepted credit cards in Canada and abroad. And given Visa’s vast selection of cards, it’s easy to find one that suits your needs. So, which should you choose? MoneySense’s guide to the best Visa credit cards in Canada will help you decide.
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U of T receives $35 million investment to study high-risk pathogens - The Medium - The Medium Dec 5th
U of T receives $35 million investment to study high-risk pathogens - The Medium The Medium.... More »
Should I cash my RRSP to pay off my mortgage? + MORE Jan 15th
Ask MoneySense
Is it a good idea to pay off my mortgage with my RRSP money and then put what my mortgage payment was back into the RRSP once I’ve paid it off? What are the pros and cons of this strategy to being mortgage free?
–Mike
Pay off a mortgage or keep investing with RRSPs?
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The best GIC rates in Canada for 2024 Jun 14th
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The best GIC rates in Canada
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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Should you delay your retirement because of COVID-19?
– moneysense.ca
Is the coronavirus-induced bear market reason to delay retirement? Some financial experts and commentators suggest Baby Boomers may be forced to set back their retirement by up to five years because of the effect lower stock prices have on retirement nest eggs.
But it really depends on personal circumstances and aspirations.
The good news is those with Defined Benefit (DB) pensions may not have to delay Retirement at all: “So long as the pension plan is healthy and well-funded, their retirement plan should remain intact,” says Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Strategists.
However, those counting on their own nest eggs to fund retirement “have more reason to be concerned,” Hector cautions. “Valuations have fallen and some companies will be forced to reduce or cut their dividends, which will put a damper on income sources. For them, it would come down to whether or not they had previously built up an adequate cushion to allow for this market correction…
But it really depends on personal circumstances and aspirations.
The good news is those with Defined Benefit (DB) pensions may not have to delay Retirement at all: “So long as the pension plan is healthy and well-funded, their retirement plan should remain intact,” says Aaron Hector, vice-president of Calgary-based Doherty & Bryant Financial Strategists.
However, those counting on their own nest eggs to fund retirement “have more reason to be concerned,” Hector cautions. “Valuations have fallen and some companies will be forced to reduce or cut their dividends, which will put a damper on income sources. For them, it would come down to whether or not they had previously built up an adequate cushion to allow for this market correction…
Why COVID-19 shutdowns may be bad for your car
– moneysense.ca
When was the last time you paid any serious attention to the traffic report?
For most of us, it’s been weeks, as we have shifted to working from home, or dealing with job layoffs related to the COVID-19 shutdown. And if you haven’t been commuting to work, chances are good that your vehicle hasn’t been getting much, or any, use during this time.
Not driving has its financial advantages, since you aren’t gassing or charging the car up as often, and may even save money on auto insurance premiums.
On the flipside, a vehicle that sits idle for too long could end up racking up hefty repair bills.
Think about it this way: Vehicles are a lot like the muscles in our body, in that if we don’t use them, they’ll begin to atrophy. So just as we take steps while sheltering in place to maintain our physical well-being—daily walks, at-home yoga, getting up to stretch throughout the day—we should be doing things to ensure our vehicle stays in good working order as well.
“Sitting is one of the worst things that can happen to a car,” advises mechanic Brian Early of Auto Experts in Oshawa, Ont…
For most of us, it’s been weeks, as we have shifted to working from home, or dealing with job layoffs related to the COVID-19 shutdown. And if you haven’t been commuting to work, chances are good that your vehicle hasn’t been getting much, or any, use during this time.
Not driving has its financial advantages, since you aren’t gassing or charging the car up as often, and may even save money on auto insurance premiums.
On the flipside, a vehicle that sits idle for too long could end up racking up hefty repair bills.
Think about it this way: Vehicles are a lot like the muscles in our body, in that if we don’t use them, they’ll begin to atrophy. So just as we take steps while sheltering in place to maintain our physical well-being—daily walks, at-home yoga, getting up to stretch throughout the day—we should be doing things to ensure our vehicle stays in good working order as well.
“Sitting is one of the worst things that can happen to a car,” advises mechanic Brian Early of Auto Experts in Oshawa, Ont…
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' – CBC.ca
– news.google.ca
Tesla loses $13B in market value after CEO Elon Musk tweets ‘stock price is too high’ CBC.caElon Musk tweet wipes $14bn off Tesla’s value BBC NewsTesla shares drop after CEO Elon Musk tweets ‘stock price is too high’ CNBC TelevisionElon Musk Is Right About Tesla’s Stock BloombergWhy Tesla Stock Will Roll to New All-Time Highs Investorplace.comView Full coverage on Google News
