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Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization - Financial Post Nov 14th
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization Financial PostCanopy Growth hit with millions in product return charges, $375M net loss in Q2 Yahoo Canada FinanceCanopy Growth Reports Second Quarter Fiscal 2020 Financial Results&nb.... More »
What happens when a buyer backs out of a real estate deal? Aug 31st
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever y.... More »
The best high-interest savings accounts in Canada for 2023 Jun 14th
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The best high-interest savings accounts in Canada for 2023
Here are the accounts offering the highest interest rates and lowest fees.
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Should you update your financial plan given recent volatility? May 22nd
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.
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Why emotional biases may be riskier than market swings + MORE Apr 17th
Investing your money in the stock market can be more emotional than analytical, especially when the markets are volatile. And at times, it can be hard to keep those emotions in check. That’s when behavioural biases start driving investment decisions—moves that are purely based on how youR.... More »
US seeks to freeze assets of North Korea's Kim Jong-un – News24
– news.google.ca
News24US seeks to freeze assets of North Korea's Kim Jong-unNews24An undated photo shows North Korean leader Kim Jong-Un inspecting the test of a new anti-aircraft guided weapon system. (Korean Central News Agency via AFP). Multimedia · User Galleries · News in Pictures Send us your pictures · Send us your stories.and more »
The wrong way to pay off debt
– moneysense.ca
I’ve always believed that anyone substantially mired in debt has no business fantasizing about retirement. For me, this extends even to a home mortgage, which is why I often say “the foundation of financial independence is a paid-for home.”
Sadly, however, it’s a fact that many Canadian seniors ARE attempting to retire, despite onerous credit-card debt and sometimes even those notorious wealth killers called payday loans. Compared to paying out annual interest approaching 20% (in the case of ordinary credit cards) and much more than that for payday loans, would it not make sense to liquidate some of your RRSP to discharge those high-interest obligations, or at least cut them down to a manageable size?
This question comes up periodically here at MoneySense.ca. For example, financial planner Janet Gray tackled it in March in a Q&A. A recently retired reader wanted to pay off a $96,000 debt in four years by tapping into her $423,000 in RRSPs. Gray replied that this was ambitious and raised multiple questions…
