Archive for 'Finance'

Investing in Canadian banks

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, [...]

Managing your debt

Managing your debt

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 [...]

Getting a mortgage in Canada

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 [...]

Why the rich aren’t happy

  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 [...]

Should you invest in oil companies?

Should you invest in oil companies?

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 [...]