If you are looking to invest in a Canadian bank then you have made a good decision. Of the five major Canadian banks (TD Bank, Royal Bank of Canada, BMO, Scotia Bank and CIBC) all of them are likely to be a good investment for the long term. Since the financial crisis in late 2008, [...]
If you have debt and are feeling bad about it, you are not alone. According to an article by the Toronto Star, citing a TransUnion report (click here to read it), the average Canadian is carrying about $26,000 in debt and that does not even include mortgages. Most people have debt and this isn’t necessarily [...]
The Canadian federal government announced yesterday that it will be tougher for some Canadians to obtain a mortgage in Canada and borrowing money against their home will be tighter too. Clearly, the government is concerned with the high debt levels that Canadians are amassing and these tighter rules are aimed at limiting that. It is [...]
I recently read an interesting article in the New York Times (click here to read it) about why rich people are not as happy as you would expect them to be. When I say rich in this context I am referring to those making over $100,000 but less than millions. These are not the [...]
I recently had a conversation with someone about this very interesting dilemma. He was torn on whether or not he should invest in oil company stocks. If you look at it from a purely short-term (1 year) financial point of view, then the answer is probably yes. Most experts believe that oil will only increase [...]
The January effect refers to a historical trend for the stock market to increase for the first trading week of January. It is generally caused because people often sell stocks in late December to take advantage of tax maneuvers. It also occurs due to fresh optimism for the New Year. The January effect has traditionally [...]
It appears that the 2010 Winter Games in Vancouver ended up breaking even. This is a better result than these games turn out for many other cities, often resulting in a big loss. However, for Canadians this result is not as good as it sounds. Breaking even is generally not a great result because the point [...]
In many countries around the world and in the U.S. probably more than all of them, there is an ongoing debate whether rich people should be taxed more than those with lower incomes. In the U.S. it is cut and dry. Republicans believe everyone should have the same tax rate and Democrats believe there should [...]
When working in sales or looking for work in sales, there is always the question of whether it is better to work on commission or salary. The right answer can be either one depending on the situation. Many people are afraid when they hear that a job pays on commission basis only. Generally speaking however, [...]
This post is inspired by an article I read recently on the CNN Money site. It is about how there is no exact number that would make you rich in everyone’s mind. It says experts say that the number is likely somewhere between $2-$12 million in savings. However, that changes a lot depending where [...]
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