Debt is all a Matter of Perspective
When TransUnion came out last week and announced that our debt levels are the highest they’ve been since 2004 (and possibly even before,) the country was sent into a panic. Financial experts from every corner of the nation weighed in on the subject, and the blogosphere was littered with headlines spelling doom and gloom. We…
Read moreAre Boomers Really So Privileged?
Baby Boomers have sort of gotten a bad rap over the past little while across the country. People seem to be looking at this group as though they’re somehow privileged, walking around with their noses in the air looking down at any of us that weren’t lucky enough to be born during a certain time…
Read moreING Direct Bought By Scotiabank!
ING Direct has been looking for a buyer for their Canadian business and now, they’ve found one in Scotiabank! In a deal that will be closed and finalized in December, Scotiabank has purchased won the bidding war over National Bank (the other interested buyer) and has purchased ING Direct for $3.1 billion. The move is…
Read morePutting TFSA to Good Use
A recent survey was conducted by CIBC that shows that although almost half of Canadians have a tax-free savings account (TFSA,) few are making contributions to it every year, and even fewer know what to do with the money in the account. Tax-free savings accounts are just that, savings account that will allow you to…
Read moreOverdraft Protection vs. HELOCs
Overdraft protection. That little feature so many of us buy into when we open our chequing accounts so that we can occasionally forget our bank balance and be no worse for the wear because of it. But is that really true? Is overdraft protection really the “protection” we think it is? When you look at…
Read moreWhy are So Many Retirees Choosing to Work?
In the recent labour talks between the Ontario teachers and Ontario’s Ministry of Education, one of the proposals is to reduce the amount of days a retired teacher can fill in as substitute. This, states the proposal, will give younger teachers a chance for more work opportunities. And while this may be one of many…
Read moreThe Magic of 70 Per Cent
70 per cent might equate to a “B” grade in the public school systems; but when that amount reflects our home ownership in Canada, it could be that we’re close to failure. That’s the number that Adrienne Warren, economist at the Bank of Nova Scotia, sees our next census hitting. And it’s gotten a lot…
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