Canada Investing

Millennials: Buying A Home ASAP Is Worth It In The Long Run

Samantha Brookes | Posted 04.21.2016 | Canada Business
Samantha Brookes

Thirty-six is the new 30 for first-time home buyers in Canada -- meaning that the average age of current home buyers is 36, while the majority of current home owners bought their place before they were 30. Considering that millennials are typically 25 to 34 years old, many are left asking the question: are millennials buying homes?

Disadvantaged Millennials Can Still Take Control Of Their Finances

Thomas Beattie | Posted 04.20.2016 | Canada Business
Thomas Beattie

Although many young people are great savers -- they aggressively pay off their debts and try hard to contribute to their savings -- they are underinvesting, which if not resolved will leave many unprepared for eventual retirement.

Can We Trust Dividend Stocks To Continue Performing?

Norman Levine | Posted 04.13.2016 | Canada Business
Norman Levine

Dividend stocks, especially ones with above average yields, have been excellent performers for the past few years. But with uncertainty dominating the broader economy and stock markets, a growing number of investors have raised the question of whether the good times can and will continue.

Owning Stocks In Retirement Is Not As Risky As Some People Think

Tim Paziuk | Posted 03.18.2016 | Canada Business
Tim Paziuk

If you're retired and living off the interest you receive from your fixed income investments (regardless of what the interest rate is), your capital is dropping in value every day. This drop in value is not noticeable on your statement, but is certainly noticeable when spending your money.

The Money Illusion of GIC Investing

Coreen T. Sol, CFA | Posted 03.10.2016 | Canada Business
Coreen T. Sol, CFA

In today's highly volatile capital markets, investors who can't stomach the fluctuations have hunkered down in good old Guaranteed Investment Certificates (GICs) and other traditionally categorized 'low-risk' investments. Although it only pays a modest rate of return, you can always count on your money being there when you need it. Or can you?

The 4 Investment Fees You May Not Know About

Tea Nicola | Posted 03.08.2016 | Canada Business
Tea Nicola

Investment fees are talked about so much now a days, and there has been such strong downward pressure, that it is becoming increasingly harder for a company to justify their value for the fees they charge. Today, we look at four types of fees not very many people ask about when choosing their investments.

Are Women Rising To The Real Estate Challenge?

Atrina Kouroshnia | Posted 03.08.2016 | Canada British Columbia
Atrina Kouroshnia

With the numbers of women purchasing real estate at an all-time high, the trend shows no signs of slowing down. The message then, at least when it comes to real estate, seems pretty clear: Prince Charming can keep the horse; his damsel in distress already owns the house (and decorated it too).

Picking The Right Adviser Pays Off For High Net Worth Investors

David Rowen | Posted 03.04.2016 | Canada Business
David Rowen

In today's investment arena, high net worth (HNW) individuals are challenged to choose the best adviser to meet with their unique, individual circumstance. Several issues need to be kept in mind during the selection process.

I've Lost My Job: Now What?

Pramod Udiaver | Posted 03.03.2016 | Canada Business
Pramod Udiaver

With economic conditions remaining challenging in Canada, we have seen several corporations looking at different ways to manage their profitability. From Bombardier, to Canada's Finning International Inc., the world's largest dealer of Caterpillar Inc. equipment, to several Canadian banks, reports of job layoffs is daily news. In January 2016 alone, Canada suffered 5,700 job losses, pushing the national unemployment rate to a two-year high of 7.2 per cent.

Why The TFSA Needs A New Name

Tea Nicola | Posted 02.24.2016 | Canada Business
Tea Nicola

When people hear "savings account" they think of something safe that earns a little bit of interest. Or put another way, something boring, that's hardly worth it. When it comes to the Tax Free Savings Account, this couldn't be further from the truth. Don't get fooled into thinking that a savings account is your only choice. And that's why a name change might be in order.

How Refugees And Newcomers Can Access Canadian Bank Services

Christine Shisler | Posted 02.24.2016 | Canada Business
Christine Shisler

One of the first things you'll need to do is open a Canadian bank account. This will give you a safe place to deposit and access your money whenever you need it. Canada's banking system can differ from other countries, and it takes time to understand the various types of financial institutions, bank accounts and services available.

Stock Charts Can Be Hazardous To Your Financial Health

Ivey Business School | Posted 02.12.2016 | Canada Business
Ivey Business School

The problem with using stock graphs to decide whether or not it is time to sell a company's shares has to do with the importance that people place on observations. Simply put, the most recent past is frequently seen as more diagnostic than the distant past, and so lines on a graph can be misleading.

How To Save Money This Valentine's Day

Josh Miszk | Posted 02.04.2016 | Canada Living
Josh Miszk

In 2015, total Valentine's Day spending in the U.S. was expected to reach a staggering $18.9 billion. The holiday is an institution unto itself, with gifts often being purchased not just for romantic partners, but family members, friends, and co-workers. While the pressure to show your love can be overwhelming, Valentine's Day spending within your budget is possible.

Is China's Market Turmoil Creating A Rise in Canadian Real Estate Prices?

Ludovic Siouffi | Posted 02.02.2016 | Canada Business
Ludovic Siouffi

Every day I hear about a real estate bubble on the edge of bursting, with home sale prices exponentially rising well above assessment values. I don't think it's a surprise to anyone that foreign investment from Chinese investors over the past few years, and even decades, has been a major contributor to our real estate boom.

Know Your RRSP Contribution Limit On Deadline Day

Tea Nicola | Posted 02.24.2016 | Canada Business
Tea Nicola

With the deadline looming, you may wonder how much you can contribute to your RRSP. The simple answer is 18 per cent of your income, each year, but of course there are some additional details to understand.

5 Vital Retirement Planning Tips

Pramod Udiaver | Posted 01.29.2016 | Canada Business
Pramod Udiaver

The average Canadian life span is steadily increasing and is currently in the mid-80s for both men and women. Plan to keep working as long as you can to build a portfolio that will support you well into your 90s. Start saving early even if it is a small amount of money today. It's the little drops of water that make the mighty ocean!

The World Needs To Stop Blaming China For Financial Market Woes

Darren Sissons | Posted 01.22.2016 | Canada Business
Darren Sissons

China may be inheriting all of the blame for the global market meltdown, but it is just one piece of the puzzle that investors and policymakers alike are trying to figure out in terms of the broader direction of the global economy. Last year, it was Greece's financial woes to blame; now it is China.

How To Manage Your Household Finances In Uncertain Times

Pramod Udiaver | Posted 01.11.2016 | Canada Business
Pramod Udiaver

With the economy continuing to struggle, markets fluctuating and job security in jeopardy, it is no wonder that many people are concerned about their financial futures. In such uncertain times, feeling out of control -- especially when it comes to finances -- can lead to unnecessary stress.

Don't Make These RRSP Mistakes When The Market Is Crashing

David Lester | Posted 01.11.2016 | Canada Business
David Lester

The stock market can be more about emotions than economics. Going with the herd and selling in times like this is never the right decision. Boomers need to secure their gains and Millennials need to buy more when opportunities show themselves -- the complete opposite of what happened in 2008.

4 Reasons Your RRSP Is Not An Emergency Fund

Tea Nicola | Posted 01.06.2016 | Canada Business
Tea Nicola

Using your RRSP in a pinch may seem like a reasonable course of action, but in practice it can be a big mistake. There are costs to dipping into your RRSP that that make it particularly unattractive for this purpose.

Preferred Shares Remain An Attractive Long-Term Investment

Norman Levine | Posted 01.04.2016 | Canada Business
Norman Levine

We see the preferred share shakeout as a great buying opportunity, particularly among rate-reset preferreds -- especially those that have a rate reset of at least two years into the future -- as their plunge in prices has made their yields attractive and there is significant potential for capital gains if and when Canadian interest rates do begin to rise.

5 Reasons Why Women May Be Better Investors Than Men

Coreen T. Sol, CFA | Posted 01.04.2016 | Canada Business
Coreen T. Sol, CFA

Ongoing research in behavioural finance is unearthing alarming consistencies in how we act around money and stark differences between men and women that have some investors sitting up and taking profits. Here are five reasons why you should consider your feminine side when it comes to investing.

It's Still Worth Investing The Falling Canadian Loonie Abroad

Darren Sissons | Posted 12.16.2015 | Canada Business
Darren Sissons

While a Canadian dollar spent might only get you 70 cents (or less) of a U.S. stock, that stock's potential return over the long haul will likely more than offset its higher sticker price -- not to mention help you diversify your portfolio out of Canadian-only investments.

Make The Most Of Your Holiday Bonus

Wade Stayzer | Posted 12.15.2015 | Canada Business
Wade Stayzer

For those employees who are fortunate enough to receive a year-end bonus, many may be tempted to spend it immediately. But I advise you to resist the urge to spend the money on frivolous items and instead think about putting your hard-earned bonus to work for you.

Should You Contribute To An RRSP Or A TFSA?

Nanci Murdock | Posted 12.15.2015 | Canada Business
Nanci Murdock

First, what does each acronym mean? An RRSP is a Registered Retirement Saving Plan, and a TFSA is a Tax-Free Savings Account. Both are provided by the Canadian government as incentives for Canadians to save, primarily for retirement.