GICs are a great, straightforward investment option – but with the threat of inflation, and today’s interest rates so low, are they a worthy option? Read on to learn more about your GIC laddering options, and make the most of your money.
The Canadian federal government has approved the takeover of Nexen, one of Canada’s largest oil companies, by China-based CNOOC. It’s the largest foreign takeover in Canada’s history, and could set a precedent for future takeover bids.
What could be more meaningful than the gift of financial success? Investments as gifts can be a great idea for that hard-to-please family member, or a way to create future financial stability for children.
A survey by ING Direct finds more than half of Canadians are confused about their tax free savings account options. The survey also found that the main reason investors are avoiding these accounts is due to lack of surplus monthly income from living paycheque to paycheque.
Looks like Canadians are starting to heed the warnings swirling around household debt: An ING Direct Survey finds Canadians are in better financial standing compared to 2011, with one third saving at least $1000 every year.
When it comes to planning ahead financially, Canadian young adults are lagging behind. Only 51 per cent have emergency savings of any kind – and starting a retirement fund is often a far off thought. With the state of Canadian pension plans plummeting, it’s more crucial than ever to get on the savings fast track.
Looking to plan for your financial future? The rate of return estimate you start with can make all the difference in the success (or failure) of your investment. While it may seem daunting to predict the future with confidence, it’s vital for you to determine what return percentage you expect to receive before designing your financial or retirement plan.
Canadian real estate developments have been getting a lot of attention from foreign investors lately. Considering how affordable developments here seem compared to those in Paris or London, it’s no wonder the Land of the Brave is seen as a safe haven. But does this spell trouble for Canada’s housing market? Is jacked-up inflation feeding a potential housing bubble? And will it cause Canada to follow in Australia’s footsteps and prohibit purchases from abroad?
Imagine – cutting cards and cash out of your life with a simple tap of your smartphone. While the “digital wallet” may seem a futuristic concept, technology is already offering consumers ways to streamline their everyday finances with their phones – and it’s just a matter of time before they revolutionize the point of purchase.
How can you ensure a do-it-yourself home renovation won’t end up costing you an arm and a leg (figuratively and literally!). Here’s some DIY best practices.