Canada

This handy new twist on a savings account just might keep you away from your big bank

This handy new twist on a savings account just might keep you away from your big bank

EQ Bank, which bills itself as the seventh largest national bank in Canada, has launched its EQ bank card as an alternative to those available at traditional banks.CHRIS HELGREN/Reuters The hardest job in Canadian business is getting people to break away from the big six banks to try an alternative. In good times and bad, …

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Don't neglect bonds this year despite a tough 2022, experts say

Don’t neglect bonds this year despite a tough 2022, experts say

OTTAWA – Bond portfolios took a big hit in 2022 as interest rates soared, but experts say investors shouldn’t overlook bonds this year as the Bank of Canada nears the end of its term. rate hike cycle. Christine Tan, assistant vice president for portfolio management at SLGI Asset Management Inc., said high-quality bonds are where …

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Do retirees have to pay for private health insurance?

Do retirees have to pay for private health insurance?

Yvonne Payne is a big proponent of having medical insurance in retirement.JENNIFER ROBERTS/THE GLOBE AND THE MAIL When Yvonne Payne retired at the age of 63, she took part of her business with her. The former Toronto investment professional felt the group medical insurance package her company offered was a bargain, giving her a lower …

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My five confident predictions for the mortgage market in 2023

My five confident predictions for the mortgage market in 2023

Welcome to Mortgage Rundown, a brief overview of the mortgage finance landscape in Canada by mortgage strategist Robert McLister. Canada’s economy will get ugly in 2023. Runaway inflation always has an unhappy ending. That’s the bad news. The good news is that ugliness does not last. Our central bank will likely be forced to reverse …

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Ethical arguments against credit cards and rewards points are starting to gain traction

Ethical arguments against credit cards and rewards points are starting to gain traction

Being a good citizen today means continually looking at the aspects of your life that are working well for you but not good for society. Value judgments must be made about the temperature setting of your thermostat, the type of bag you use at the grocery store, the amount of meat you eat, the vehicle …

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Experts share advice for young Canadians who find themselves in debt for the first time

Experts share advice for young Canadians who find themselves in debt for the first time

MONTREAL — While enrolled in college, Eloho Orogun was approached on campus asking for a $500 student credit card, advertised as a way to improve his credit rating. Encountered a self-proclaimed purchase problem, it wasn’t long before Orogun opened a second student card with a larger limit. “The more money I had, the more debt …

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A playlist of 2022 personal finance successes that will reappear next year, unfortunately

A playlist of 2022 personal finance successes that will reappear next year, unfortunately

The biggest successes in personal finance – or rather, personal finance – this year have been like punches in the face. Why dwell on a year of beatings? The reason for this is that we are heading into a year of even greater uncertainty for household finances, including a possible recession. Understanding where we came …

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Hosting a holiday dinner?  Here are some tips to save money

Hosting a holiday dinner? Here are some tips to save money

TORONTO – When Canadians soon gather with loved ones for holiday meals, there will be an unwanted guest at the dinner table: decades-high inflation. The price increase measure shows that grocery bills have increased by 11% in the last year alone. “It’s crazy, like you need a mortgage to get groceries right now,” said Danielle …

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A reality check - for better and for worse - on how homes perform as an investment

A reality check – for better and for worse – on how homes perform as an investment

Fred Lum/The Globe and Mail If houses are investments, they are subject to the rigorous calculation of investment losses. However much an asset’s price drops, it must rise by a higher percentage just to get back to where it started. The national average resale home price peaked at $816,720 in February and has since fallen …

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vacancies in canada: these two canadian provinces added 4,00,000 vacancies in a single month

vacancies in canada: these two canadian provinces added 4,00,000 vacancies in a single month

While Canada is grappling with a serious labor shortage, the crisis worsened in September in Ontario and Saskatchewan. On a month-to-month basis, job vacancies rose in Ontario (+7.4% to 375,700) and Saskatchewan (+12.2% to 26,700), while they fell or little changed in the other provinces. Want to know if you qualify for immigration? Click here …

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