The best metaverse coins to buy in 2022 + MORE Apr 25th

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Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 10th

Ask MoneySense My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen .... More »

The wealth gap in Canada is wider than ever + MORE Jul 24th

The wealth gap in Canada has reached a record high of 49% in 2025, according to newly released data from Statistics Canada. That’s the highest it’s been since the agency began collecting this data in 1999. Now, Canadian households in the top 20% of the income distribution own more than two-third.... More »

Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24 - Bloomberg Television Oct 16th

Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24  Bloomberg TelevisionWhy Is Nvidia Stock Down 5%? Blame A Dutch Firm’s ‘Technical Error’  ForbesPremarket: Global stocks slide in reality check from big cap earnings  The Glob.... More »

Is semi-retirement stressful? You bet—here’s what to do about it + MORE Jul 26th

One of my semi-retirement philosophies is that reducing stress can sometimes be more important than maximizing revenue. Assuming you’re self-employed in semi-retirement, as I am, you may find yourself juggling multiple clients and conflicting demands on your limited time and energy. The topic o.... More »
 money market

Maple Leaf to spin off a publicly traded company Jul 10th

This little piggy is going to market. Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an.... More »
Imagine going to a rock concert with thousands of people from around the world, checking out virtual houses or earning cryptocurrency by playing blockchain-based games. This, and a lot more, is possible in the metaverse.

But what is the metaverse? It’s a digital world that combines virtual reality (VR) and augmented reality (AR) to create an immersive environment. Even though the metaverse is still in its infancy, it’s viewed by some—including Facebook’s Mark Zuckerberg, who’s rebranded the company as Meta—as the future of the internet.

Already, the metaverse offers opportunities for gaming, education, commerce, virtual real estate, social networks and entertainment, among other aspects. Unlike existing social networks, the metaverse is powered by blockchains, incorporates cryptocurrencies and provides users with ownership of their digital avatars and assets.

But is the metaverse just a passing fad? Time will tell, but banking giant Citi estimates that the metaverse could be an $8-trillion to $13-trillion market (all figures in U…

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Now that it’s clear interest rates bottomed some time ago and are well on an upwards trajectory, we’re seeing headlines declaring the “death of bonds.” Notable was the Globe & Mail article by veteran columnist and author Gordon Pape, announcing he was “getting out of bonds.”

What to expect from bonds

Considering that Pape is well past the traditional retirement age of 65, that must have shocked many of his retired readers. But he warned in his April 5 article that there is still “much more pain ahead” for bond investors. He said all but two of 40 iShares bond exchange-traded funds (ETFs) sold in Canada were in the red. Some were down 10% or more, like the iShares Core Canadian Long Term Bond Index ETF (XLB), down 11.8% from Jan. 1, 2022, to March 31, 2022. Even short-term bond ETFs, like Vanguard’s Short Term Bond Index ETF (VSB/TO), have suffered losses, albeit a modest 1% for 2021. If these were stock losses, he said, it could be called a crash.

In a similar vein were the pronouncements by financial planner Ed Rempel, who argues retirees should be out of bonds and ratchet up their personal risk tolerance to take on more stock exposure…

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Stock market news live updates: Stocks recover to end 3-day losing streak as traders look ahead to Big Tech earnings; Nasdaq gains 1.3%  Yahoo Canada FinanceChina Lockdown Fears Rip Through Markets as Stocks, Yuan Tumble  BNNAsian stocks slide to six-week low on Beijing lockdown fears  Al Jazeera EnglishUSD/CNH Price Forecast: Beijing Lockdowns Pressure Yuan as PBOC Monitors  DailyFXChina Lockdown Amps Up Inflation Scare for Global Markets  BNNView Full coverage on Google News

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