Finance news

In 2023, Minister of Finance reported to Parliament that the total public debt had risen from $31billion to $33.5billion! Today he says the debt has risen to $29billion! In 2021 foreign debt rose from $11.9billion to $16billion. Domestic debt rose from K178billion i  facebook.com

Here’s a round-up of news for Canadian investors this week.
EnbridgeNutrienTeck ResourcesCanadian TireMTY Food GroupCenovus EnergyFeatured RRSP Accountsfeatured EQ Bank Build your retirement savings with 1.50% interest, tax-deferred contributions and zero fees. go to site featured Registered GIC rate Earn a guaranteed 2.75% in your RRSP when you lock in for 1 year. go to siteBest RRSP rates See our ranking of the best RRSP accounts and rates available in Canada. read now
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Booking giant Expedia is partnering with Affirm to provide buy now, pay later (BNPL) installment payment methods in the travel sector. Touted as an advance in flexibility and choice, the option will appear when booking select lodging and travel packages. But in a world of travel-specific credit cards, the question remains: are BNPL purchases worth it, or do they come with their own baggage? We unpack the details so you know exactly what you’re getting. How Expedia and Affirm will work

Canada’s seventh-largest bank is a lender the vast majority of Canadians have never heard of. It has no branches, credit cards, or wealth management offerings.That could all soon change, says Chadwick Westlake, who became chief executive of EQ Bank last August and already announced a transformational, potentially career-defining deal to buy PC Financial in December. “We will become a household name by the end of this year,” he said. Buying the PC Mastercard portfolio and PC Mon

When Sophie Warwick started a side hustle a few years ago, the goal was for it to eventually become her main job. She was working full time as a structural engineer, and helping to build a consultancy firm that advises employees and companies on diversity, equity, and inclusion—on top of juggling the busyness of everyday life. When her side business picked up, the multitasking came to a head and she knew she had to decide: make the switch to full-time consultant or walk away enti

Building your own portfolio can feel like a rite of passage for a do-it-yourself investor. You skip the one-ticket asset allocation exchange-traded fund (ETF) and instead hand-pick a mix of low-cost, broadly diversified equity and bond index ETFs. You size them according to your time horizon and risk tolerance. On day one, everything lines up neatly. But markets do not stand still. Over time, some asset classes outperform while others lag. Stocks may surge ahead during a bull market. B

A US traditional individual retirement account (IRA) is a bit like a Canadian registered retirement savings plan (RRSP). A 401(k) is like a defined contribution (DC) pension plan. In both cases, tax-deductible contributions can be made by a retirement saver with future withdrawals generally subject to tax. Spousal beneficiaryWhen a spouse inherits an IRA or 401(k), they can take over the account as an inherited account or transfer the account into their own IRA or 401(k) on a tax-deferred b