What’s Russell Peters doing now? Investing, and it’s a laugh + MORE Jul 15th

How to go about securing the best return for your investment in Canada.
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Watch: The differences between a TFSA and RRSP + MORE Sep 22nd

A tax-free savings account (TFSA) is a registered account that holds investments and allows you to grow your money tax-free and withdraw it tax-free. That means you don’t have to report any income earned in the account on your personal tax returns. A registered retirement savings plan (RRSP) is al.... More »

How to protect your crypto from hacks + MORE Sep 23rd

2022 has been a tumultuous year for cryptocurrency markets. Significant and sustained price declines have shrunk the overall crypto market value below $1 trillion—a significant retreat from its all-time high of $3 trillion in November 2021. (All values in U.S. dollars.) What has intensified inv.... More »

Donald Trump sued for fraud by New York state attorney general - CBC News Sep 21st

Donald Trump sued for fraud by New York state attorney general  CBC NewsTrump sued by New York attorney general for fraud  CTV NewsNY attorney general sues Donald Trump and his company  CP24Trump Accused of Overvaluing His Assets in N.Y. Lawsuit  The New York .... More »
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Here is the state of electricity outages on P.E.I. Monday morning  CBC.caDay after Fiona: Eastern Canada takes stock of post-storm damage as conditions ease  Global NewsCouple doesn't let Fiona spoil wedding, already postponed by pandemic  The Globe and MailBody of miss.... More »

Toronto millennials want to be homeowners but only 22% believe they can do it in the city: survey - CBC.ca + MORE Aug 25th

Toronto millennials want to be homeowners but only 22% believe they can do it in the city: survey  CBC.caShould I stay or should I own: Half of Canadian millennials say they’d have to leave the city they love to buy a home  Toronto StarRoyal LePage releases report that sheds li.... More »
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

Big thanks to Jon and Dale for taking the “Making sense of the markets” baton the last few weeks as my wife and I enjoyed a much-needed vacation. The time away was excellent—the airports, not so much. In any case, the markets never take a break, and with earnings season kicking off, there was no shortage of storylines to catch up on.

Interest rates continue rise in race against inflation 

Inflation—and governments’ response to it—continues to dominate the headlines and control investor sentiment.

The Bank of Canada (BoC) surprised business leaders on Wednesday with a full 1% raise of the benchmark interest rate, from 1.5% to 2.5%. Experts had predicted a 0.75% increase, which would be in line with the U.S. Federal Reserve’s recent increase—from 0.75% to 1.5%. Instead, the BoC chose to be even more hawkish on inflation than our southerly neighbour…

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What’s Russell Peters doing now? Investing, and it’s a laughMoney is no joke—or is it? For Brampton, Ont., native and celebrated comedian Russell Peters, money is as funny as it is serious because, well, everything is funny through his perspective (iykyk). He’s very into real estate (the stand-up comic loves collecting houses) and has recently bought two condos in Toronto as part of his ambassador partnership with The Condo Store Realty Inc. While Peters does live in Los Angeles, he stopped in Toronto to meet with Simon S. Mass, founder and CEO of the real estate investment firm in Liberty Village, where he also sat down with MoneySense. We talked about his investments, had a few laughs, discussed money lessons he’s learned, had a few more laughs, chatted about downsizing—and laughed some more.

The happy accident of collecting homes

Lisa Hannam: You have five or six homes. What is it about real estate that makes you keep wanting to collect?

Russell Peters: Well, I have properties. But I didn’t buy them as investment or rental properties…

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