The most outstanding feature of the Registered Retirement Savings Plan (RRSP) is instant tax savings. Canadians are drawn to this celebrated retirement account because all contributions reduce taxable income or generate a tax refund in a given tax year. While investments grow tax-free, the Canada Revenue Agency (CRA) will collect taxes when you withdraw funds
The crypto market is going down today, with Bitcoin and most altcoins being in the red. Bitcoin dropped to $81,000, while the market capitalization of all tokens fell by 3.7% in the last 24 hours to $2.7 trillion. Some of the top laggards in the industry were tokens like Raydium (RAY), Zcash (ZEC), Lighter (LIT),
Investing in stocks successfully does not mean that one knows everything or can always predict the future. It means abiding by a few rules that are meant to mitigate and spread the risk of investing. Thereâs no better way to mitigate risk than by diversifying. Because the truth is that there are so many variables
An F/A-18F Super Hornet, attached to Strike Fighter Squadron (VFA) 41, prepares to launch from the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72). Courtesy: U.S. Navy A ramp-up in fighting between the U.S. and Iran over the weekend has left Wall Street reconsidering its expectations for the war’s economic impact. The
Gold price rose slightly on Monday morning as investors focused on the falling oil and US bond yields. It rose to $4,211, up slightly above its monthly low of $4,062. Focus among traders will be on the upcoming US inflation data and a statement from Kevin Warsh, the Fed Chairman. Gold price jumps as crude
Canadians use or contribute to their Tax-Free Savings Accounts (TFSAs) to create recurring, tax-free passive income. Many account holders deposit and invest as early as January to maximize tax-free growth, although contributions happen throughout the year. However, investing in the last quarter also works if you want immediate cash flow during the holiday season (and
Coherent (COHR) stock has wavered since mid-August, in step with the consolidation among leading companies in the artificial intelligence industry. Shares were trading at $309.60 on Friday, about 30% below their high for the year. Even so, the company could benefit from strong demand for its optical solutions, particularly after Lumentum said it was sold
An election can change the name on the premier’s office. Quebec’s latest one changed considerably more than that. The Parti Québécois returned to power with 59 seats, forming a minority government after the Coalition Avenir Québec was wiped out of the legislature. The result also puts sovereignty back into the national conversation. PQ leader Paul
IAG’s share price fell 2.6% on Thursday as crude oil prices resumed their rally, raising concerns about higher jet fuel costs. The stock dropped to 420p, its lowest level since September 18 and about 15% below its highest point this year. The retreat could extend in the coming days as major airlines release their earnings
Tariffs have an annoying habit of arriving at the border and eventually showing up at the cash register. Canada’s latest retaliatory tariffs cover roughly $20 billion of U.S. goods, while the trade dispute has expanded across steel, autos and other products. Bank of Canada Governor Tiff Macklem recently warned that the newest U.S. tariffs could