Interest Rates and the Economy

The Seemingly Unstoppable US Stock Market?

Jeff Cox of CNBC reports the stock market just set another record, this one going back to 1972:The seemingly unstoppable U.S. stock market continues to set new records, with the latest standard a trend that hasn’t been beaten since 1972.One gauge closely watched by traders is where the market is ...

How to get a bigger benefit from your RRSP contribution

Q. I am a hairdresser and my retired clients are telling me not to contribute to RRSPs because of all the tax they have to pay on withdrawals. Instead, they say I should contribute to a TFSA because the withdrawals are tax-free. What should I be doing? –Julie  A. Hi Julie. This may sound surpris ...

What’s my RRSP contribution limit for 2020?

If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2019 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your contribution limit and a who ...

Is an RRSP loan a good idea?

Q. My bank is currently offering an RRSP loan for $15,000. According to their calculator, I would receive a rebate of $6,750 for that contribution. If I spread the loan over 5 years, I pay $275 a month and it will cost me $1,554 in interest (3.95%). Is this loan a good idea, and is it worth it for ...

How To Invest Like a Professional

You work hard and understand how important an investment portfolio is to your financial well-being. However, simply owning an investment portfolio isn’t enough. The unfortunate truth is that most Canadians receive financial advice from commissioned salespeople that are paid to sell specific finan ...

CPPIB's CEO Sounds Alarm on Illiquid Assets

Paula Sambo of Bloomberg News reports that CPPIB's Mark Machin warns on global rush into illiquid assets:The biggest global funds should all be monitoring their investments in illiquid assets, according to the head of Canada’s largest pension fund.“I do ring the alarm bell on not to be too inve ...

Best Canadian Tax-Free Savings Accounts in 2020

Table of Contents The best TFSA savings accounts in Canada What is a Tax-Free Savings Account (TFSA)? Should I use a TFSA or an RRSP? Which type of TFSA might be right for me?   A Tax-Free Savings Account, or TFSA, is a savings vehicle available to Canadians aged 18 and up who have a valid social ...

MMT And Policy Variables

One of the distinctive features of Modern Monetary Theory (MMT) is the choice of variables used by policymakers to guide he economy. The choices are unconventional: interest rate policy is downplayed or even eliminated, while the requisition price used by the fiscal arm of government is emphasised. ...

OMERS Set to Double Its PE Exposure by 2030

Lina Saigol and Selin Bucak of Private Equity News report that OMERS is set to double its private equity exposure by 2030:The head of buyouts at one of Canada’s largest pension plans says the amount of cash it plans to invest in private equity will double to around C$30bn in the next 10 years.Ma ...

BlackRock Flips Its Script on ESG?

George Hay of Reuters reports that Larry Fink is slowly becoming part of climate solution:Larry Fink seems to be listening to his critics. The BlackRock boss on Tuesday published his annual letter to CEOs of the companies the $7 trillion fund manager invests in. To a greater degree than in the past ...