NEWS

Why it's so easy to get into debt and how to get out of it

Financial counsellor Lauren Canafranca talks about why it is so seemingly easy to get into debt these days, and gives three strategies to pay off debt.

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

Yen tumbles as markets on alert for Japan action; dollar falls after data

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened Japanese intervention watch ahead of this week's Bank of Japan policy meeting. The euro reached 165.71 yen, its highest since 2008, after data showed business activity in the euro zone expanded at its fastest pace in nearly a year,

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

Switzerland reveals amount of frozen Russian assets

As of December 31, 2023, the value of financial assets frozen due to sanctions against Russia amounted to CHF 5.8 billion (USD 6.4 billion). In addition, 17 real estate properties have been blocked, reports the government department responsible for compliance with sanctions (SECO). The latest data show that the value of frozen financial assets fell...

Top 6 US industries where you can earn the most money

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs

The Canadian dollar strengthened against the greenback on Tuesday, and the yield on benchmark government debt climbed. The loonie was trading 0% higher at C$1.3694 to the greenback, or 73.02 U.S. cents, after trading in a range of 1.369 to 1.3714. Canadian government 10-year bond yields rose 2.1 basis points to 3.774%. The yield on similar U.S. government benchmark debt rose to 4.6457%. U.S.

Borrell reveals EU plan to extract revenue from frozen Russian assets

The EU has devised a plan that will enable the extraction of extraordinary revenue from frozen Russian assets and allocate them to the needs of Ukraine, according to the head of EU diplomacy, Josep Borrell. He mentioned that in the EU, assets of the Central Bank of Russia were frozen after the start of the war in Ukraine. Now, these assets are mana...

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

How Much Do You Need to Earn to Live in a Major U.S. City?

Living in a major metropolitan area doesn’t come cheap. To survive comfortably you’ll need to earn at least six figures, according to a new study. If you’re single, you’ll need to earn at least $96,500 a year before taxes, and two parents supporting two children will need at least $235,000, Knewz.com has learned. The above salaries are required to ...

TFSA 101: How Pensioners Can Earn $4,987.50 Per Year in Tax-Free Passive Income

Retirees can use this TFSA strategy to boost portfolio yield while reducing risk. The post TFSA 101: How Pensioners Can Earn $4,987.50 Per Year in Tax-Free Passive Income appeared first on The Motley Fool Canada.

Moving jobs this often helps you climb the career ladder and earn more money

Annual home prices predicted to rise nearly 10% by end of year: Royal LePage

A realty firm is making a grim prediction about home prices in Canada, forecasting a big jump by the end of the year. Global's Nathaniel Dove explores why prices might go up.

The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund

If you are solely dependent on CPP for retirement, it is time rethink that. Consider building your pension fund before it is too late. The post The Maximum CPP Payout Probably Won’t Be Enough for You: Here’s How to Supplement it With Your Own Pension Fund appeared first on The Motley Fool Canada.

Doctors ask Liberal government to reconsider capital gains tax change

OTTAWA — The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing they will affect doctors' retirement savings. Kathleen Ross, the association's president, says many doctors incorporate their medical practices and invest for retirement inside their corporations. The prop...

Money Matters: Dealing with Canada Revenue Agency debt

Blair Mantin of Sands & Associates discusses the common types of CRA debt and how to deal with them if you find yourself owing the government money.

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

The playmate, the doorman, and the tabloid mogul: Key takeaways from Trump’s day in court

The playmate, the doorman, and the tabloid mogul: Key takeaways from Trump’s day in court - Day six of former president’s hush money trial and second day of testimony saw National Enquirer boss lift lid on catch-and-kill scheme

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

Study reveals how much Americans really spend on tipping each year

Average US annual salary by age revealed – see how you compare

Business Matters: New condo sales in the Greater Toronto Area fall 71% below 10-year average

New condo sales tumbled 71 per cent below the 10-year average in the first quarter of this year according to analysis by Urbanation. Anne Gaviola has more on what’s happening in Business Matters for Monday, April 22, 2024.

Average net worth of Americans by age — see how you compare

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

UBC study on break-even point for owning EVs

If you're wondering whether the gas savings are worth the extra money you'd spend on an EV, a new UBC study has some answers for you. Rumina Daya reports.

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Business News: Impact of capital gains tax changes

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

Norway announces significant increase in military aid to Ukraine

Espen Barth Eide, the Minister of Foreign Affairs of Norway, announced that Norway plans a "significant" increase in aid to Ukraine. The amount has yet to be determined and will be discussed in the near future, according to Le Monde. He noted that "it is about a significant increase, which is relevant compared to what we have done so far." Accordin...

Ukraine to receive new tranche from EU this week: Ukrainian Prime Minister reveals amount

This week, Ukraine expects to receive a €1.5 billion tranche from the European Union under the Ukraine Facility program, reported Prime Minister of Ukraine Denys Shmyhal during a meeting of the Cabinet of Ministers. "The European Commission has supported the Ukraine Plan under the Ukraine Facility program. This week, we expect to receive 1.5 billio...

Oil rises as dollar slips, focus shifts to economic data

By Shariq Khan NEW YORK (Reuters) -Oil prices rose by more than $1 a barrel on Tuesday as the U.S. dollar index fell to its lowest level in more than a week and investors shifted their focus away from tensions in the Middle East to the state of global economies. Brent crude futures rose $1.42, or 1.6%, to settle at $88.42 a barrel and U.S. West Texas Intermediate crude futures climbed $1.46, or

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

RFK Jr wants to put US budget on blockchain

RFK Jr wants to put US budget on blockchain - The independent presidential candidate told supporters that such a system would allow US voters to know ‘if somebody is spending $16,000 for a toilet seat’

AI influencers are getting filthy rich... let's build one

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General Motors results beat targets, forecast raised, shares jump

By Nora Eckert DETROIT (Reuters) -General Motors on Tuesday posted quarterly results that topped Wall Street targets and the automaker raised its annual forecast, citing stable pricing and demand for gasoline-engine vehicles, and its shares rose 4.4%. Michigan-based GM boosted its adjusted pre-tax profitprojection for the year to $12.5 billion to $14.5 billion, from its previous range of $12

Budget 2024 failed to spark ‘political reboot’ for Liberals, polling suggests

Prime Minister Justin Trudeau's government is facing a steep hill to climb in the polls after the 2024 budget failed the sway voters back to Liberal Party, new polling shows.

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

Meet a 31-year old who makes $185K/month at 90% margin - the story of @CharlieChang

Meet Charlie Chang, who has been filming videos since he was 10 years old, and now he's building a business on YouTube with $185K/month in revenue at 90% margin. Charlie’s company that helps with hiring abroad - https://www.paired.so/marina In this video: 00:00 - Meet Charlie Chang 01:23 - How Charlie makes money on YouTube? 04:48 - Top 3 niches to make money on affiliate marketing 06:65 - Charlie's income sources 09:06 - How to hire people overseas and save money 11:32 - How he comes up with ideas and what is the thinking process? 14:12 - Different approaches to YouTube - which one is the best? 16:17 - "If I keep going, at some point it's gonna do well" 18:51 - How Charlie films his videos 21:42 - Why do A-list artists record 90 songs a month? 22:48 - How YouTubers work with brands? 23:41 - "Every business owner should have a media business behind the company" Top credit cards for free flights, hotels, and cash-back - https://www.cardonomics.com/i/marina 💰 INVESTMENT APPS & BOOKS: - Webull - https://a.webull.com/Tfjov8wp37ijU849f8 - Robinhood - https://join.robinhood.com/marinam241 - Interactive Brokers - https://ibkr.com/referral/marina592 ⭐ Download my English language workbook - https://bit.ly/3hH7xFm I use affiliate links whenever possible (if you purchase items listed above using my affiliate links, I will get a bonus) #marinamogilko #siliconvalleygirl #charliechang

U.S House passes vote on $61B foreign aid package for Ukraine

After months of stalemates and dysfunction, the U.S House of Representatives votes in favor of sending $61B in foreign aid to Ukraine. Karling Donoghue with why some representatives are not pleased with the vote, and what this means for Ukraine.

US is preparing $1 billion arms package for Ukraine - Reuters

The United States is preparing its largest arms package for Ukraine yet, with preliminary data suggesting it will amount to $1 billion, Reuters informs. According to Reuters, the United States is preparing a $1 billion military assistance package for Ukraine, as reported by two American generals. It is expected that the aid package will include veh...

Sunak to spent £75,000,000,000 on defence to put UK on 'war footing'

The PM said the world was currently ‘the most dangerous it has been since the end of the Cold War’.

The Dark Side Of Building Muscle

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