The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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What to expect for GICs in 2024 + MORE Nov 20th
In late 2020, major banks were offering 5-year guaranteed investment certificates (GICs) with rates of less than 1%. Now, just three years later, bank GIC rates for 5-year terms are over 4%. Some credit unions and trust companies are offering rates over 6% for short-term GICs, though 4- and 5-ye.... More »
How much credit card debt does the average Canadian have? Sep 22nd
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
The Gorpcore Fashion Trend Is Giving a Boost to the Outdoor-Apparel Market Nov 7th
The term “gorpcore” was coined in the mid-2010s to describe the type of utilitarian clothing worn by the “good old raisins and peanuts” (hence GORP) crowd—hikers, campers and the like. When celebrities like Hailey Bieber and Frank Ocean started wearing grip-sole shoes and multi-pocket pant.... More »
The best low-interest credit cards in Canada for 2023 Nov 16th
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The best low-interest credit cards in Canada for 2023
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Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Nov 17th
If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year retu.... More »
In my previous MoneySense column, I wrote about the power of shifting our spending from acquiring things to spending on experiences as it has been shown to create lasting satisfaction in our lives. Now, let me put that to the test. Here is my real-life personal story that highlights the profound impact of spending on experiences instead of material possessions. But before I get to that, think back to your favourite concert. Who was on stage? Where were you? Who was with you? Which song kicked off the night? And what was the unforgettable encore that had everyone buzzing with euphoria?
Allow me to share my story.
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Why music is a good “investment”
Music was a constant presence in my life growing up. During car rides and at home, my parents sang along to classics such as “Fishing in the Dark,” “Standing Outside the Fire,” “Copperhead Road,” “Summer of ’69” and “Bad Moon Rising…
