This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start? + MORE Dec 21st

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Will GIC rates keep going up in 2024? + MORE Dec 22nd

As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
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Introducing KOHO, a unique financial service app Aug 16th

Nowadays, consumers can shop around for the low- or no-fee accounts, competitive interest rates, and additional features they want. And banks aren’t the only ones delivering financial services to Canadians. Fintechs, which integrate technologies into the financial sector, have empowered developers.... More »

6 Things That Didn't Make an Appearance at the Apple Event - CNET Mar 12th

6 Things That Didn't Make an Appearance at the Apple Event  CNETApple's spring event had as many missed opportunities as compelling moments  MacworldWhat to know about Apple's new iPhone SE  Yahoo FinanceApple Stock: Wall Street Is Psyched About New Products  .... More »

Delta variant is forcing U.S. officials to rethink COVID-19 measures, even for the vaccinated - CTV News Jun 29th

Delta variant is forcing U.S. officials to rethink COVID-19 measures, even for the vaccinated  CTV NewsPfizer, Moderna Vaccines Likely to Produce Long-Lasting Immunity, Study Suggests  Yahoo News CanadaOntario reports 210 new COVID-19 cases as more adults now eligible for an acce.... More »

Why BlackBerry (TSX:BB) Stock Just Soared 40% - The Motley Fool Canada + MORE Jan 26th

Why BlackBerry (TSX:BB) Stock Just Soared 40%  The Motley Fool CanadaWhy BlackBerry's stock has been skyrocketing  Yahoo Canada FinanceInvestor exuberance pushes BlackBerry share price to 9 year high — for no rational reason  CBC.caBlackBerry Comments on Trading Activ.... More »
This 34-year-old hospital worker has three kids and a mortgage to pay off. Making $104,000 a year, he wants to save $50K each for his kids. How can he start?Mel would also like to save enough for retirement, at least $1 million each for him and his wife, and also purchase a second real estate property to rent out.

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Four financial principles to help get your portfolio back on track in an uncertain 2021Here’s how to position your finances so you can both benefit from an optimistic scenario and cope if markets crash in the year to come, David Aston writes.

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Q. I am 55 years old, recently finished a four-year battle with cancer, and will be retiring soon. I have a healthy portfolio, consisting of 60% in blue-chip stocks and 40% in fixed income, which will look after my husband’s and my financial needs in the future.  I also hold a $2-million life insurance policy that I pay approximately $15,000 per year for. 
I am considering switching the policy to a guaranteed payout upon my death, but that would put the annual premiums up to around $35,000 per year. Because I hold 40% of a large portfolio in fixed income, I’m thinking this would be a better alternative as the rate of return from my insurance policy would be much higher than I could achieve in fixed income. 
Curious if you have had clients in the past whom this made sense for. I know my advisor will earn a lot on this policy, and I wanted to get your Coles notes on whether this would or could be something to consider.
–Dana
A. Congratulations on beating cancer, Dana. You refer to your battle in the past tense, so I assume that means you’re in remission now…

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