News

Bank of Canada optimistic but maintains rate

Global and domestic growth expected in 2016. Days after the election of the new Liberal majority federal government, the Bank of Canada weighed in on the state of the economy. …

Canadians should think of 2015 as a bonus year for TFSAs

 Maybe, Canadians should think of 2015 as the year they were allowed to put some bonus money into their tax-free savings account. It almost seems a given that the new …

Divide and conquer: How to set financial goals you can actually attain

Once millennials finally land a job, the euphoria of getting a steady, biweekly paycheque can easily be replaced by anxiety. Setting financial goals can be too overwhelming — there’s too …

Higher mortgage premiums, soaring prices to squeeze Canada’s first-time buyers

Higher mortgage insurance premiums are another setback for first-time homebuyers, alongside relentlessly rising real estate prices in some of Canada’s largest cities, experts say. Despite historically low interest rates, it’s …

TFSAs: The new way to invest even more

When the federal government launched the Tax-Free Savings Account in 2009 the news was mostly met with confusion. In a brief MoneySense article announcing the birth of the TFSA that …