BMO Savings Study: Cash is King in TFSAs, as Many Canadians Miss Out on Higher Returns from Longer-Term Investments

Canadians are prioritizing saving as they continue navigating the challenges of the global pandemic and amid expectations of rising inflation in the coming year. BMO’s annual savings study found that among the 63 per cent of Canadians with a Tax-Free Savings Account (TFSA), 67 per cent contributed the same or more than they have contributed […]

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OSC announces initiatives to strengthen financial literacy during Financial Literacy Month

The Ontario Securities Commission (OSC) will mark Financial Literacy Month this November with a variety of activities designed to build the financial knowledge of Ontarians and highlight the importance of financial literacy. “While everyone has a unique financial story, we can all benefit from improving our financial literacy. We encourage people to take advantage of […]

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More about RRSPS

Every year come tax time, we all hear the term RRSP being thrown around. With a bevy of financial acronyms being tossed around, many can overlook the RRSP without realizing that it could be the single most important tool for financing your retirement. In this article we will be looking at the RRSP and the […]

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Has the pandemic had significant impact on your investments?

What does your investment portfolio look like? How has it changed since COVID? My wealthier friends have made significant gains, while my less wealthy friends are in survival mode. I have done quite well though I don’t like to talk about it. I found it interesting to read the new study released by the Ontario Securities Commission […]

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