Why Canadians won’t, or can’t, invest in their own country

C’mon Canadians, break out of the grim consensus, do your homework and invest your TSFA in the Canadian economy. The banks won't

Why Canadians won’t, or can’t, invest in their own countryThe great Canadian experiment Justin Trudeau represents is struggling. It seems our very Canadian desire for consensus and safety are undermining the prosperity upon which all our other virtues depend. The desire for consensus – worthy in its own right – seems to be undermining the ancient principle of private property. For centuries, the norm…

Few feel financially ready for a career change

Women are less likely to feel financially ready for career change by 54 per cent, compared to 44 per cent for men

Few feel financially ready for a career changeA new poll released Monday by investment firm Edward Jones found that 54 per cent have considered a career change in the past 12 months, but 46 per cent of respondents cited a lack of financial preparedness as a barrier towards taking that first step towards a new career. "Career changes can mean taking a significant…

Total household credit growth accelerates in Canada

Total household credit growth accelerates in CanadaTotal household credit growth in Canada accelerated to 4.3 per cent month over month at a seasonally-adjusted annualized rate in June, according to a report by Scotiabank Economics. It marked a continued reversal from a period of slower growth, its fastest monthly acceleration since February 2018, according to the report. The three-month moving average pace…

Contactless credit card transactions gain traction

Canadian credit and debit card spending year over year saw moderate growth of 2.9%: Moneris report

Contactless credit card transactions gain tractionThe ease and convenience of contactless credit card transactions means they continue to grow in popularity. According to to the MonerisMetrics Quarterly Report released by Moneris Solutions Corp. on Thursday,  in the second quarter contactless transactions had a share of 52.5 per cent of card transactions as tap payments trended upwards from the 51.5 per…

Tackling the great generational wealth transfer

Tackling the great generational wealth transferMeghan Meger is regional president (Prairies) of BMO Private Wealth. Within the next decade, North America will experience the biggest transfer of wealth in its history. How many Canadian business owners will be impacted by this? Meger: It truly is unlike anything we’ve seen before. We anticipate approximately five million Canadian business owners to transition…

Canadians neglect travel insurance: survey

Anne Marie Thomas of InsuranceHotline.com talks about the unnecessary risks Canadians take when they travel abroad and what they can do to minimize those risks

Canadians neglect travel insurance: surveyAnne Marie Thomas is an insurance expert with InsuranceHotline.com. You did a survey recently of medical emergency and insurance. What were the key findings? Thomas: The key findings are that while 72 per cent of Canadians had some form of travel or medical insurance for recent out-of-country travels, most leave their family under-insured, whether it…

Money can’t buy happiness, yet we keep chasing it

Will more money mean we sleep better at night, spend more time with friends and family, or contribute more to society?

Money can’t buy happiness, yet we keep chasing itThere’s a story told that about a financial planner who was on holidays in Mexico. He was walking along the beach when he came to a fisherman sitting on a wharf, his feet hanging off the edge as he played guitar. “Is that your boat?” the planner asked the fisherman. “It is,” he replied. They…
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