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New | Money: what young people really want to know View Now. ×

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Teenagers, don’t be swayed by bank pitches of cash and free electronics. Do your own research instead

Articles of Interest   |   January 25, 2021

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It has been a tough year for the under-20 crowd. Lockdowns, fluid class schedules and cancelled extracurriculars are now the norm. And there are the masks – so many masks. As a teen in 2021,... read more

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Rate-wise, this may be a once-in-a-generation chance to buy a home

In the News   |   December 16, 2020

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A personal finance lesson of the past 12 years is that interest-rate forecasts are close to useless – just plan for rates to fall. Keep this in mind as we look at whether the rate... read more

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Mo

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Yes, you can find 20 per cent interest rates in 2020. But you won’t like them

In the News   |   December 8, 2020

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We live in a world of constant disruption, credit card interest rates excepted. Most cards have for years carried an interest rate of 19.99 per cent, a few have been pegged at 20.99 and there... read more

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Mo

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The CPP premium hike for 2021 looks bad, but it will do a lot of good

In the News   |   December 3, 2020

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In a year of plenty, we’d shrug off the coming increase in the amount of our paycheques that goes toward Canada Pension Plan premiums. But this is the year of plenty awful. Both employees and... read more

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Mo

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Au contraire: Maybe now is the right time to buy a condo

In the News   |   November 30, 2020

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Living the downtown condo lifestyle stopped being cool in mid-March, 2020. That’s when the economy was put into a COVID-fighting lockdown and lot of us started working from home. The housing market hasn’t been the... read more

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Mo

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How renters, buyers and others can push back against people judging their personal financial situation

In the News   |   November 17, 2020

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To talk about your personal finances is to risk being judged. And so, we have a lot of people who hate talking about money. As part of Financial Literacy Month, Toronto-Dominion Bank recently issued a... read more

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Mo

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The truth is that renting is a smart option

In the News   |   October 26, 2020

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One of the best takes I’ve seen lately on home ownership can be found in the New Lease series on Refinery29, a website for young women. So I asked Carley Fortune, executive editor at Refinery29′s Canadian operation,... read more

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Mo

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The five most important numbers for checking the health of your personal finances

In the News   |   October 23, 2020

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A health check for your finances is a must in this year of the pandemic. For financial extremes, 2020 is unparalleled. Jobs and incomes were decimated while stocks and houses soared in price. Savings were... read more

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Mo

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The ‘decade of the home’ is coming – will young adults be locked out?

In the News   |   September 18, 2020

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Our homes are going to be even more central to our lives in the next decade. You’ll find a lot of millennials and members of Gen Z watching this trend from their vantage point in... read more

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It’s amazing what not spending on travel and eating out can do

In the News   |   September 14, 2020

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Canadians added an incredible $127-billion to their savings in the first half of the year. How did they do it? Some fresh numbers on consumer spending from RBC Economics offer some perspective. While overall consumer spending was up 2... read more

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Mo

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The war on savers could grind on for years

In the News   |   July 24, 2020

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As ever when the economy struggles, interest rates are being held at low levels that encourage borrowing and instill a feeling of futility in savers. Bank of Canada governor Tiff Macklem said last week that rates will... read more

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Mo

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A smarter strategy for young, app-focused investors treating the stock market like a game

In the News   |   July 16, 2020

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Young investors have been doing some questionable things with the new free stock-trading apps that have surged in popularity during the pandemic. Let’s skip the finger-waving admonishments and just say that these investors are buying... read more

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Mo

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The 2020-21 academic year will be the best ever for postsecondary students who need a hand financially

Articles of Interest   |   July 2, 2020

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All that is fun about university and college has been pretty much wrecked by COVID-19 and physical distancing. But what students give up on the social side of their postsecondary education will be offset by... read more

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Savings rates drying up as a shaken nation rethinks the stock market, risk and the value of safety

In the News   |   June 16, 2020

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The vise is closing on savers. After holding up nicely through the spring, interest rates on savings accounts and guaranteed investment certificates are on the decline. The timing couldn’t be worse for the people who... read more

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Mo

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Did your car insurer step up?

In the News   |   June 12, 2020

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Insurance companies are quick to increase their premiums when facing higher claim costs, so it’s reasonable to expect the opposite when claims fall. Physical distancing to combat the pandemic has meant people are doing a... read more

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Mo