Thousands of soon-to-be graduates are preparing to enter the "real world" as exam season nears at many Universities and Colleges. The end of a school year is always a stressful time; Finishing your academics strong, finding a job, all the graduation festivities, and emotions that go with it. Although finances often take a backseat, their... Continue Reading →
If any of your attention has been given to news recently, it's easy to see that uncertain times lay ahead. There have been some tough challenges for the average Canadian and Canadian's small businesses the past couple years, but will this continue into 2019 and beyond? Points of concern: The recent inversion of the yield... Continue Reading →
As some of you may have noticed, we took a short break from our weekly blog for the warm summer months. We are now back to business as usual and will be posting regularly. Picking up where we left off, we previously released a couple posts shedding light on the crippling effect of the Canadian... Continue Reading →
Inflation is a key factor when evaluating an economy. If inflation is at abnormally high levels, there are many negative side effects. These side effects may include the BoC (Bank of Canada) raising interest rates, which as we know, decreases the purchasing power. Inflation can be defined as a 'sustained increase in the general level... Continue Reading →
Last week we talked about credit-card/consumer debt, and how those debt figures seem to be trending higher year after year (click here to read that post). This week, we want to look at another contributor to increasing debt figures. Since 2012, the number of outstanding auto-loans is up by 57%. GDP growth over that period... Continue Reading →
"Canadian Average Debt Load now up to $22,081, 3.6% rise since last year" "Canadian Household Debt reaches $1.8 Trillion..." "Canadian Consumer Debt Just Keeps Growing" These are just a few of the alarming headings that we see showing up in the mainstream press on a more frequent basis. But how much validity is there behind these statements,... Continue Reading →
With much media attention given to millennials and baby boomers, each for their respective reasons (millennials supposedly being entitled and lazy, and boomers because they supposedly ruined the economy), there is one generation that seems to be forgotten. That generation is, of course, the one sandwiched between boomers and millennials; Generation X. Gen X-ers, as they... Continue Reading →
Recently released first quarter numbers for economic growth in Canada might seem a bit underwhelming. Stephan Poloz, the Governor of Bank of Canada, outlined 2 reasons for this; a slowing of the housing market and weak exports. However, even with the unsatisfactory results from Q1, the outlook for Q2 is still fairly optimistic. Rather than... Continue Reading →
When considering the impact personal finances have in one's life, its hard to believe that many never consult financial professionals. In a survey conducted by Harris Poll, 62% of respondents claimed to have no financial advisor of any kind. An astonishing number, since financial decisions are some of the biggest and most emotionally impactful decisions... Continue Reading →
