Finance news

Here’s a round-up of news for Canadian investors this week.
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If Canada ever wants to allow entertainment and sports prediction market trading, the country’s securities regulators are signalling someone else should police it. The Canadian Securities Administrators said Thursday that prediction market contracts based on sports and entertainment events should not be regulated within securities and derivatives legislation.Prediction markets currently let customers make wagers of $1 or less on the outcome of real-world events, like what will happen at th

You’ve driven through a flurry of embers to safety. You’ve found high ground as floodwaters rushed in. You’ve dodged the immediate danger to life and limb, and then the financial reality hits. For those forced from their homes due to fire or flood—in many cases with little more than the clothes on their backs—there are few things more daunting than having to

Whether you’re a newer investor or more experienced, there are undoubted benefits to letting out units as a duplex, triplex, or fourplex. Generally speaking, more units means higher returns—assuming the building is large enough to accommodate such a renovation. For homeowners, adding a secondary suite can also help offset mortgage and other housing costs, making a property more affordable to own.Some properties are readymade with multiple units, while others require work to convert t

Does it seem like more people are renting these days? You’re not imagining it. According to the Government of Canada census data from 2001 to 2021, the number of roommate households increased by 54%. Renting can make a lot of financial sense, especially if you’re going to school, trying to pay down debt, or building your savings. But many roommates make the jump to shared living without having critical discussions about how money will be handled. To help roommates get off o