Finance news

Young people don’t need another slew of statistics telling them their financial lives will be different from their parents’ generation. They need a plan. Education is expensive, homeownership is delayed, careers have evolved. There’s a new set of milestones for financial adulthood, and timelines have changed. The first goal for young people starts when they land a job, according to Chris Merrick, principal at Merrick Financial and a fee-only financial planner in Toronto.As

Financial services company Wealthsimple announced Thursday that it will start offering a new form of investment based on real-world events. The product is called prediction market trading and it’s gaining increasing popularity around the world. Here’s a breakdown of how it works, what’s driving its growth, and what investors should beware of.What are prediction markets?Prediction markets allow investors to bet on the outcome of real-world events like whether Canada’s infl

At the time of writing, the S&P 500 is up 10% year to date and nearly 30% over the past year. These gains are happening despite war in the Middle East, oil chaos, slow to no GDP growth, increasing inflation, and a soft labour market. How is this possible? In my view, there is only one reason the markets continue to gain: artificial intelligence (AI). This isn’t the first time AI has had a disproportionately positive impact on the markets. In 2022, the S&P 500 was down nearly 2

Cash is rarely going to remain steady within your accounts, but you may want to have a target for it, just the same as you would for stocks and bonds. How much depends on several factors and can be a percentage or a dollar amount.AccumulatingIf you are in the accumulation phase, new deposits should result in new cash to be invested on a regular basis. This is also an opportunity to scoop up any cash that has accumulated from dividends, interest, and other distributions to invest as well. Wh

Here’s a round-up of news for Canadian investors this week.
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