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Making sense of the markets this week: August 2, 2021

Shopify rings up profits, CEO becomes the richest Canadian entrepreneur Shopify, the Canadian tech darling, has increased its lead as the most valuable company in Canada. Shopify reported this week with revenue and earnings that topped expectations. Quarterly revenue surpassed $1 billion (at $1.11 billion) and quarterly profits climbed. According to the Shopify press release, […]

Bank fees: Everything you need to know before switching to a no-fee account

Types of bank fees and the services they provide The type and amount of fees charged vary by institution, so it’s always important to do your homework. Here are some common and not-so-common fees charged by banks and other financial institutions. Monthly service fees This is a flat rate charged each month to keep your […]

Divorce over 50: managing your finances if you find yourself single in the run-up to retirement

Married couples are generally subject to a division of their property when they split up. The rules differ slightly depending on your province or territory of residence, but for couples who have been married for a long time or who accumulated most of their assets while together, a relatively equal division may result.  There can […]

Is bitcoin a good investment? A guide for Canadian investors

Is bitcoin a good investment in 2021? In terms of absolute numbers, bitcoin’s dominance is undeniable. As king of crypto, it clocked a staggering 300% gains over a one-year period, handily topping the 31% gains for the S&P 500 and 40% for the S&P/TSX Composite Index, for the same time frame, as of June 9, […]

How to buy XRP in Canada

Have you been considering whether XRP has a place in your investment portfolio? If the answer is no, or even, “What’s XRP?” there’s no need to feel like you’re out of the loop. The media spotlight on bitcoin has been so bright that it’s practically eclipsed even the shiniest of smaller coins, some of which […]

How to buy litecoin in Canada

Some argue that lower-valued altcoins are better placed to make higher future gains than the giants whose prices already sit atop the crypto heap. Based on this underlying assumption, one of the alternative instruments that has gained traction recently is litecoin (ticker symbol LTC). Litecoin’s lower price base makes it a good bet for price […]

How to buy ethereum in Canada

Is ethereum a good investment in 2021? The broadening of ethereum’s functionality, social media buzz and flashy newspaper headlines have intensified interest in ethereum. The resultant FOMO-fuelled buying frenzy has sent ether skyrocketing 215%, more than tripling its prices, this year alone, as of June 18, 2021. Some crypto watchers liken the explosion in ether’s […]

The Future of AI and Big Data: Three Concepts

“We are probably in the second or third inning.” That’s Andrew Lo’s status report on the progress of artificial intelligence (AI), big data, and machine learning applications in finance. Lo, a professor of finance at the MIT Sloan School of Management, and Ajay Agrawal of the University of Toronto’s Rotman School of Management shared their […]

What is tenant insurance? | MoneySense

How much is tenant insurance? Tenant insurance rates vary across Canada, but standard rates fall on the lower end of $15 to $50 per month. Consider that price when looking for a rental, as you will want to factor it into your overall living costs. Having a lot of insurable items and adding on extra […]

Money Matters: How do we close the gender wealth gap?

In our 12-part video series, Money Matters, we interviewed the top voices in Canadian personal finance about money issues that affect all Canadians. For our second video of the series, we asked: How do we close the gender wealth gap? Listen to what some of our partners have to say. Watch: Money Matters – Question […]

Quality Losses Matter More to Investors Than Quality Gains

People dislike losses more than they like gains. Known as loss aversion, this phenomenon, or behavioral bias, serves as a cornerstone of Daniel Kahneman and Amos Tversky’s prospect theory. A forthcoming paper, which I co-authored with Didem Kurt, Koen Pauwels, and Shuba Srinivasan for the International Journal of Research in Marketing, applies this theory to […]

Animal Pandemics: An Overlooked Risk?

A few months ago, the Gordon and Betty Moore Foundation and SRI-Connect approached my employer Liberum to write a report on how animal pandemics can affect the global food system and what kind of risks investors need to be aware of. One thing we should have learned from the COVID-19 pandemic is that there are […]