Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadians living alone squeezed by the “singles tax” Singles are feeling the pinch as rents rise, dubbing it the “singles tax”, which is the difference between what a single person pays for an apartment, groceries, and gas versus what it would cost per person if shared by a couple.… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian banks are better protected from US-style “bank runs” Canada’s Big Five banks are large, diversified and well-capitalized, have experienced leadership and are closely monitored by a respected banking supervisor. Learn more about why experts agree that Canadian banks are safe. Nordstrom Canada liquidation sales begin this week Nordstrom… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canada and others rushing to stop Silicon Valley Bank crisis from spreading Governments in the US, UK, and Canada are taking steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank, with more than $200bn in assets, caused fears of wider disruption. The first… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Is the end of interest rate hikes finally here? The Bank of Canada is set to meet on Wednesday to discuss interest rate hikes. Some analysts believe that conditions are finally right to pause the seemingly never-ending rises. 5 Canadians who are earning more by working for companies located… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Inflation rate slows for January Statistics Canada said last week that the annual inflation rate eased more than expected in January to 5.9%, which shows that the rate hikes are working and should allow the Bank of Canada to keep them steady at its next meeting. Google blocks news… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. More than 20,000 Canadian Teslas part of recall Tesla is recalling nearly 363,000 vehicles in the U.S. and Canada that run its “full self-driving” system to fix problems with how it behaves around intersections and responds to posted speed limits. Find more information here. Interest rates could rise even… Read more
No matter what your financial goals are, consulting with a financial planner can help just about everybody. Not only will they help you refine your goals, they’ll guide you in creating strategies for your money, and keep you accountable to your plan. They’ll also help you navigate different saving and investment strategies, so you know your money is working for you. They’ll also make sure you have the information you… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. The price of oil is rising again China has shown signs that they are ready to buy more oil, which could mean the economy will perform better, and crude oil prices will move back between $90 and $100 a barrel. PM announces investment in quantum computing Justin Trudeau announced… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian consumers and businesses are expecting a recession this year The Bank of Canada released its business outlook and consumer expectations surveys on Monday, and it showed that more businesses than usual expect their sales to decline in the next 12 months. House values fell 12% on average from… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Bell changing donation format for Let’s Talk Day Bell is changing its Let’s Talk Day campaign, promising to donate $10 million regardless of whether anybody texts or tweets the phrase on Jan. 25. Lululemon stock plunges The fall came after Lululemon said it expects gross margins to decline in… Read more
At face value, it seems like a great idea. If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid. You feel that you can handle it yourself. You have the best intentions to keep your staff paid right and on time. What could go wrong, right? Well, lots actually. Below are the reasons why… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. First BrightDrop Zevo 600 electric delivery van rolls off the line A General Motors plant in Ingersoll, Ontario has been converted into an assembly line for electric delivery vans and produced its first vehicle this week. The plant is the first full-scale electric vehicle-making facility in Canada. Food prices… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Is the housing correction finally here? Home sales rose 1.3 per cent in October, the first rise since February. Some analysts are wondering if this is the first sign that the Canadian real estate market has finally adjusted to the higher cost of borrowing. How climate change will affect… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Tiff Macklem warns us to brace ourselves As the Bank of Canada continues to try to fight inflation, governor Tiff Macklem said last week that we should prepare for further interest rate hikes this winter. The hope is that we will achieve just a mild recession. Homeowners choosing to… Read more
It’s one thing to manage workers when they’re all in the same place at the same time. However, when you run a construction business with field workers, things can get a lot more challenging. Not only are you typically not on the same job site as them, you might also have workers scattered over a variety of sites and projects. Managing them doesn’t just mean scheduling them and making sure… Read more
When it comes to the overall success of your business, one of the most important decisions you’ll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business. Figuring out how much to charge is stressful, but it’s worth it. If your business doesn’t bring in enough money to pay… Read more
There are many people who believe that when it comes to investing, nothing beats real estate. This may be true, but you still have to be smart when making your real estate investment decisions. Although investment properties can be a savvy financial move, there is plenty that can go wrong if you don’t fully understand the market, the types of investment properties, and your current financial situation. 1. Know your… Read more
Online reviews are an important marketing tool for many small businesses. They give potential customers and clients a chance to see how effective your goods or services are, how responsive you are to your clients, and what other people’s experiences of your business have been. The vast majority of people check online reviews before making a purchasing decision. When reviews are great, that’s a fantastic thing. It’s when you get… Read more
The unfortunate reality is most business owners don’t take proper holidays. Usually this is because their business relies on them and they don’t have the support to keep the business running without them. As a business owner, have you ever considered what would happen to the business if you had to take a six months break because of a serious illness or injury? Would the business survive? How would the… Read more
Your 30s are an exciting time. You’re typically making more money than you were in your 20s and you’re looking to the future to determine the type of life you want to live. Your 30s are also a great time to take control of your finances, so you have more security and flexibility in the coming years. Here are 5 financial tips to follow in your 30s, to help you… Read more