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Reducing risk in an RESP: How to invest as your kid approaches college or university + MORE Feb 12th
If you’ve opened a registered education savings plan (RESP) for your child or grandchild, congratulations. You’ve taken the first step towards financing their future college, university or trade school education. And now your family can start benefiting from generous government grants worth thou.... More »
The latest investment trend? Take low-fee one step further and make it free Aug 17th
A David and a Goliath have each shaken up the investment industry this month with new investment products that take the growing trend of low-fee investing one step further — charging no fees at all..... More »
How to stop procrastinating and cross two major money moves off your list + MORE Feb 11th
Dying intestate is a term that means someone has died without a will. Dying without a will means that the government gets to use provincial laws to decide how to distribute your estate and appoint your executor.—Willful.co, “Dying Without A Will In Canada.”
In 2013, my father took his own.... More »
Buying China ETFs in Canada: Is it worth it? + MORE Dec 16th
U.S. stock market valuations are the fifth most expensive worldwide, currently trading at 23.79 times forward earnings, according to FinViz. That means investors are paying $23.79 for every dollar of projected earnings—a steep premium compared to historical averages. In contrast, Chinese equities .... More »
Hot stocks: Canada’s top performers in Q2 2025 Jul 4th
Celestica Inc. (CLS) was the best large- or mid-cap stock to own on the Toronto Stock Exchange over the past three months, with a gain of 76.6%, followed by Cameco Corp. (CCO, 67.6%) and Galaxy Digital Inc. (GLXY, 66.4%).
The second quarter of 2025 turned out to be a rebound period for Canadian e.... More »
Average Canadian net worth up 73% in 13 years
– moneysense.ca
(Caiaimage/Sam Edwards/Getty Images)The average Canadian net worth rose 73% between 1999 and 2012 after adjusting for inflation, according to Statistics Canada.
The federal agency says average Canadian net worth increased to $554,100 from $319,800 over this period,with higher-income families outpacing the average.
The top 20% of families by income saw their average net worth rise 80% between 1999 and 2012, climbing from $721,900 to $1,300,100.
However, the bottom 20% of families by income saw their average net worth rise by 38% from $79,500 to $109,300 over the same period.
The total net worth of Canadian families increased by $4.17 trillion due to a $4.92 trillion increase in assets, offset by a $750 billion increase in debt.
Half of the increase in assets was due to real estate, while the other half was due to other types of assets, including employer pension plans.
The post Average Canadian net worth up 73% in 13 years appeared first on MoneySense.
The close: TSX ends higher as financial shares gain
– theglobeandmail.com
U.S. stocks also rise on Greece optimism
Business Highlights
– canadianbusiness.com
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Working 9-to-5 becoming a less popular way to make a living
NEW YORK (AP) — If you want an income, or you’re an employer looking for help, it may be time to scrap the idea of the traditional 9-to-5 arrangement.
For workers, it’s become easier and less risky to go solo. Affordable health insurance plans, which kept many workers shackled to traditional jobs, are more accessible because of the Affordable Care Act. And companies are increasingly open to hiring freelancers and independent contractors. Many say independent workers bring fresh ideas without the long-term commitment.
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ECB says stimulus is helping economy, pushing up inflation
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi said the bank’s 1.1 trillion euro ($1.2 trillion) stimulus program is supporting the eurozone’s modest recovery as the money works its way through the financial system to the real world of businesses and consumers.
Draghi was cautiously upbeat about the prospects of the 19-country currency union at a news conference Wednesday after the bank’s latest policy meeting…
Working 9-to-5 becoming a less popular way to make a living
NEW YORK (AP) — If you want an income, or you’re an employer looking for help, it may be time to scrap the idea of the traditional 9-to-5 arrangement.
For workers, it’s become easier and less risky to go solo. Affordable health insurance plans, which kept many workers shackled to traditional jobs, are more accessible because of the Affordable Care Act. And companies are increasingly open to hiring freelancers and independent contractors. Many say independent workers bring fresh ideas without the long-term commitment.
___
ECB says stimulus is helping economy, pushing up inflation
FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi said the bank’s 1.1 trillion euro ($1.2 trillion) stimulus program is supporting the eurozone’s modest recovery as the money works its way through the financial system to the real world of businesses and consumers.
Draghi was cautiously upbeat about the prospects of the 19-country currency union at a news conference Wednesday after the bank’s latest policy meeting…
After a rough patch at the end of 2014, foreign money appears to have regained its confidence in Canada’s economy and is once again pouring into Canadian stocks, bonds and real estate, TD Bank says.
Maternity records sold for $2.50 per newborn, OSC alleges
– theglobeandmail.com
Breach in confidentiality, in which two hospital workers allegedly sold documents to RESP salespeople, prompts investigation and $400-million lawsuit
