Interest Rates and the Economy

A new kind of annuity designed to help Canadian retirees live well, for longer

Two of the more promising measures in the recent federal budget could pave the way for deferred annuities and pooled-risk pension products designed to prevent retirees from outliving their money. The budget proposed two new types of annuities that can be used for registered plans. The headline-gra ...

Core Inflation Cools

The Conference Board of Canada Core Inflation Cools  Ottawa,May15, 2019—The Conference Board of Canada’s Principal Economist Alicia Macdonald offers the following insights on today's consumer price index data:  “Total inflation hit 2.0 per cent in April while core inflation growth de ...

Core Inflation Cools

The Conference Board of Canada Core Inflation Cools  Ottawa,May15, 2019—The Conference Board of Canada’s Principal Economist Alicia Macdonald offers the following insights on today's consumer price index data:  “Total inflation hit 2.0 per cent in April while core inflation growth de ...

Advice on making your first home more affordable

Q. My partner and I rent a two-bedroom apartment in Toronto in a great neighbourhood for $1,850 a month—so, a great deal. We have been living together for three years and would like to buy a house together next year, when we both turn 30. We’ve looked around and can probably buy a small bungalo ...

Create a More-profitable Secure Portfolio with TFSA Investment Options

Make better TFSA investment decisions and stop picking stocks that cost you more money than you earn. Your tax-free savings account, or TFSA, can generally hold the same investments as an RRSP. This includes TFSA investment options of cash, mutual funds, publicly traded stocks, GICs and bonds. Thes ...

Avoiding future interest is one way to look at your return on investment

Q. I’m 47 years old and, after suffering a personal injury, have just been awarded a medical pension of $400 per month. The money is indexed annually and payable for life. I can opt for a cash-out and receive $120,000 upfront, but I’m unsure which is the smarter option. My mortgage renews in 20 ...

Harvard Doubles Down on Hedge Funds

Bloomberg reports that Harvard endowment’s CEO N.P. “Narv” Narvekar is doubling down on hedge funds:Narvekar’s bet on the sophisticated, high-cost brand of money manager marks the biggest since the university hired him in 2016 to turn around the lagging performance of its $39 billion endowm ...

Can you swing early retirement, financially? Try a “test drive”

Q. My husband, Peter, and I disagree on whether or not we will be financially ready to retire at age 60. I am currently 56 and plan on working until 60. My husband is 58 years old and thinks he has to work to age 65 for us to retire well. I would like him to retire at age 60 or 62. I currently work ...

CAAT Pension Holds Steady in 2018

Benefits Canada reports, CAAT pension plan holds steady with 2018 return of 0.5%:After a year of turbulent markets, the Colleges of Applied Arts and Technology pension plan has released its 2018 annual report, noting assets held steady compared to 2017 at about $10.8 billion, with a slight return o ...

TFSA is likely the best place for a university-bound teen’s money to grow

Q. I gave my 18-year-old granddaughter $1,000 as a Grade 12 graduation gift. She worked this past summer and the rest of this year’s university is already paid for, so I suggested she open a brokerage trading account and put the $1,000 toward two Canadian bank stocks. Is that a good idea? Or is t ...