Archive for October 2016
What Is Your Credit Score? (Should You Know It?)
One way to determine your financial creditworthiness is to know your credit score and how it is calculated. You can get free credit reports from Canadian credit reporting agencies such as Equifax and TransUnion once a year, but they do not include a credit score. Until recently, you either had to pay for this information…
Read MoreWeekend Reading: New Mortgage Rules Edition
The big news out of Ottawa this week saw the federal government taking steps to cool the housing market by introducing a financial stress test to all insured mortgages and closing a tax loophole for foreign real estate buyers. Starting October 17th all home buyers must qualify at the bank’s posted rate, or the Bank…
Read MoreBuilding Your Confidence As A DIY Investor
Whether you’re a novice investor or experienced trader, most of us can stand to gain more knowledge about the stock market and different investing strategies. Investor education is exactly what Scotia iTRADE had in mind when it launched a series of free direct investing courses online. Through the Scotia iTRADE U education platform, investors can…
Read MoreI Am Still A Dividend Investor
Mark Seed recently wrote in his blog, My Own Advisor, that his thoughts on his dividend investing style haven’t changed. This was actually a rebuttal of the post by our own Robb Engen, aka Echo, who described why he switched to an all ETF portfolio a short while ago. It’s apparent that readers of both…
Read MoreWeekend Reading: Ending Canada Savings Bonds Edition
Canada Savings Bonds are still a thing? The legacy savings program that was built to fund the Second World War is now in its 70th year of sales and costs the federal government $60 million per year to run. But savings bonds that once paid double-digit interest rates now yield a paltry 0.5 percent in today’s low rate environment.…
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