The Best Advice for Saving as Much as You Can
[By Alicia Adamczyk, Lifehacker] There is no one right answer to the omnipresent question of the basic budget, but here’s a few bits of wisdom for any financial planner.
General Interest
Top 10 Financial Skills Needed for 21st Century Well-being
There have been a lot of transitions in my household over the past year, with more yet to come. Some of these Big Life Events have been long anticipated and much celebrated; others have simply arrived out of the blue, and have ushered in as much joy as a bunion. One thing these events have … Read more
After the pandemic, will you ever use cash again?
[By Rob Carrick, The Globe and Mail] Since early March, I have had the same $50 in my wallet (see the photographic evidence below). In the pandemic economy, electronic payments rule. Credit cards for online orders and debit or credit cards for those periodic visits to grocery or drugstores. Paying with cash is seen as … Read more
Pandemic personal finance update #2: Bank deposits are something you do NOT need to worry about
[By Rob Carrick, The Globe and Mail] Over the past few weeks, a significant number of people have expressed concern about the safety of their deposits and guaranteed investment certificates at the big banks. “We track sentiment and we are picking that up in our numbers as well,” Peter Routledge, president and CEO of Canada … Read more
Ontario introduces $17B Covid-19 package; more than doubles deficit
[By Allison Jones, Investment Executive] Ontario introduced a $17-billion package Wednesday to support the province through the Covid-19 outbreak, including an influx of cash for the health sector, direct payments to parents, and tax breaks for businesses.
Canadians’ cost of borrowing going down amid virus concerns
[By Canadian Press] The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak.
