Personal Finance

The debate that always comes up around this time of year is whether to use your tax refund to top up your RRSP or to pay down your mortgage.

$5 seems pretty generous for a 5-year old. That got me thinking about at what age kids should start learning about money.

There are the fearful warnings about how high gas prices will be by summer – $1.50 a litre; $2 or more – better get used to it! I recall the same analysts saying the same thing 2 years ago.

The article quoted a survey conducted by Investors Group that found 42% of Canadians who save and invest are using social and online media to guide their decisions.

I haven’t really given much thought to mobile banking before since I am glued to my PC at work, and I have a laptop at home to go online. Banking through my mobile device didn’t seem like a big deal to me.

What constitutes “wealth” is relative. Some people think they will be wealthy when they attain a high income or a net worth of a certain dollar amount.

By definition a contrarian is a person who takes a contrary position or attitude, i.e. a person who goes his own way and doesn’t follow the crowd.

Inflation targeting has been the cornerstone of monetary policy in Canada since 1991. The Bank of Canada aims to keep inflation rates at the 2 per cent target, the midpoint of the 1 to 3 per cent inflation-control target range.