…on your smartphone, you might receive AI-generated notifications about trends in your spending habits. Many Canadians are adopting AI tools to create budgets or plan their saving strategies. The OSC…
Here’s what I found on "Saving Money"
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Segregated funds explained
…fund. Unlike mutual funds, segregated funds provide a guarantee to protect part of the money you invest (75% to 100%). Even if the underlying fund loses money, you are guaranteed…
Taking caution: Financial Consumers and the Cryptoasset Sector
…purchase crypto assets. Of those who used a credit card or otherwise borrowed money, more than 2 in 3 have paid back the money they borrowed in full. Cryptoasset buyers…
Taking Caution: Financial Consumers and the Cryptoasset Sector
…cryptoassets. Of those who used a credit card or otherwise borrowed money, more than 2 in 3 have paid back the money they borrowed in full. Cryptoasset buyers aren’t sure…
Investing as we age
…planning and saving for retirement, and maintaining quality of life in retirement. Other concerns included having enough money to pay current expenses (13%) and paying off or managing debt (10%)….
Small business cash flow
Positive cash flow is essential for the success of your business. It means you have more money coming into your business than going out. These dollars are critical for your…
What are the different types of exchange-traded funds (ETFs)?
An exchange-traded fund (ETF) holds a collection of investments, such as stocks or bonds owned by a group of investors and managed by a professional money manager and is traded…
4 signs of investment fraud and ways to avoid it
…higher-risk investments like stocks, there’s no guarantee you’ll make money. And the risk of losing money increases with the potential of higher returns. Low risk investments typically have returns similar to guaranteed…
How defined benefit pension plans work
…the contributions. This is to ensure there’s enough money to pay the future pensions for all plan members. If there’s a shortfall in the money needed, your employer must pay…
How does personal insurance work?
…of long-term care instead of using your savings 5. Health insurance Covers a portion of health care costs not covered by your provincial health insurance Gives you and your family…