Your basic grocery basket — milk, bread, butter, eggs, cheese, apples — cost about $18 in 2015. Today, the same products run over $28. That's more than a 55% increase for the exact same items, on the same shelves. And it's not just groceries: gas, rent, coffee, even Canadiens tickets — everything has gone up.
Your groceries cost more, so does filling up your tank, and yet your salary may have gone up. So why does it feel like you have less money than before? It's not just a feeling: the average Canadian has lost about 23% of their purchasing power between 2015 and 2025. With numbers to back it up, we'll show you exactly how we arrived at this figure.
Trying to predict the value of the markets is a bit like driving at 100 km/h on a foggy road, however, we are all aware that the economy, like anything else, has good and bad times. During difficult times, unemployment rises, GDP decreases and the stock market falls.
If you follow us on social networks, you might have noticed that a few weeks ago we started to share with you different year-end tax strategies. You might wonder what they were.
Should you be fortunate enough to own a business and work in a family setting, you know very well difficult situations can sometimes arise. This is why today we will explore advice that may help you maintain a prosperous business for many future generations.
Our first recommendation has nothing to do with managing financials, but we think it is vital that we talk about it.
By knowing the difference between good and bad debt, you can better manage, and reduce, your debt.
When struggling to repay debts – credit card bills, car payments, student loans – it’s hard to think of any debt as particularly good. Think again, as it turns out, that’s not exactly the case. Some debt is better or worse than others, and knowing the difference is important.
Myth or Reality...
Many potential investors are just as misinformed as they are informed about ETFs. The following helps to dispel some of the most commonly held ETF misconceptions.
False: An ETF’s liquidity is not established by its trading volume but by its underlying holdings. At minimum, an ETF or mutual fund will be as liquid as its underlying holdings.
The Internet radically transformed the way people store, process and share information.
Similarly, cryptocurrencies, like bitcoin, are radically transforming the way we store, process and exchange value.
Bequeath your estate without causing difficulties
Just a few hours after the death of the famous and very rich musician Prince, it was rumored that he did not have a will. Even before the celebration of his funeral, the potential heirs, half-brothers and half-sisters, nephews and nieces, finally, a number of persons unknown to the principal concerned, claimed their right to his succession.
An estate plan helps you plan in advance what will happen to your money and property.
