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TFSA contribution room calculator Dec 11th
Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known .... More »
The best GIC rates in Canada for 2024 Nov 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Walmart warns it will raise prices because of tariffs - CNN May 15th
Walmart warns it will raise prices because of tariffs CNNWalmart will report earnings before the bell. Here's what to expect CNBCWalmart warns a tariff hit on prices is coming in ominous sign for U.S. economy Financial PostWalmart says it will raise U.S. prices due t.... More »
If you’re going on vacation, don’t forget travel health insurance Jul 3rd
You’ve packed your clothes, toothbrush, extra pairs of socks, sunscreen—and anything else you might need during your vacation. Experts recommend adding travel insurance to the list, whether you’re going near or far.
“We all think, ‘Oh, we’re just going to go away, maybe even for a.... More »
A financial survival guide for the new university or college graduate May 11th
Here’s the good news: You’re not falling behind if you don’t have everything figured out right away. The key is to start small, stay consistent and build a plan that reflects your priorities..... More »
What are the risks of trading crypto?
– moneysense.ca
Thinking about getting into crypto? Bitcoin, ethereum and their multitude of smaller competitors have created a new world of investment opportunities. No doubt, the crypto economy is exciting, but proceed with caution. Cryptocurrencies are still considered highly speculative, and not only because of their massive price swings.
Dramatic gains are possible, but so are devastating losses, and investors should understand crypto’s wide-ranging risks. Here’s an overview of crypto volatility risk, technology risks, regulatory uncertainty and other issues that could affect the value of your investment.
Price volatility
Cryptocurrency prices can fluctuate wildly from week to week, or even within a single day. On May 19, 2021, for example, bitcoin’s price dropped 30%, after the Chinese government cracked down on bitcoin mining and trading.
Crypto prices may also rise and fall based on diverse factors such as changing public sentiment, world news, mainstream adoption, protocol upgrades, impending regulation, hacks, scams and more…
