Black Friday spending surprised to the upside despite a softening macro backdrop

Black Friday spending surprised to the upside despite a softening macro backdrop

 December 11, 2023 |Carrie Freestone
Retail sales ticked up in November in the midst of the holiday shopping period. Even after adjusting for inflation, real retail sales (excluding autos) were tracking an increase relative to October. Clothing stores and gasoline were responsible for the...
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Turning losses into tax advantages

 December 04, 2023 |Metkel Kebede
What is tax-loss harvesting? Tax-loss harvesting, also referred to as tax-loss selling, can be used by investors with non-registered investments (stocks, bonds, mutual funds and ETFs) that are trading below their original cost. These investments can be...
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Understanding RRIFs

 December 04, 2023 |Metkel Kebede
A Registered Retirement Income Fund (RRIF) is similar to a Registered Retirement Savings Plan ( RRSP ) in that both are registered plans, meaning that the basket of investments held within them are allowed to grow on a tax-deferred basis. But instead...
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Two great ways to save for your retirement that work even better together

 December 04, 2023 |Metkel Kebede
In the media, Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) can be presented as an either/or choice, leading investors to favour one over the other. However, both account types offer distinct benefits that can help...
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How to create a sustainable retirement income

 December 04, 2023 |Metkel Kebede
Today, the average 55-year-old Canadian can expect to live to the age of 84, a gain of 24.6 years since 1926. While a good reason to celebrate, it also means that Canadians are now spending nearly as much time in retirement as they do in their working...
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The magic numbers of retirement and why they don’t always add up

 December 04, 2023 |Metkel Kebede
Humans went 200,000 years without numbers until the Sumerians first inscribed clay tablets and baked them in the sun. Today, numbers power satellites, help us predict the future and serve as rules of thumb for retirement planning. And while numbers have...
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Reality check before you retire

 December 04, 2023 |Metkel Kebede
5 tips to avoid outliving your retirement savings Nearly half of Canadian homeowners over 50 believe they will run out of their savings within the first 10 years of retirement, according to an investor education report. Considering that retirement may...
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When the pay cheques stop

 December 04, 2023 |Metkel Kebede
How to pay yourself in retirement One of the first things to consider when planning for retirement is where your income will come from after your pay cheques stop. It’s time to start thinking about how you’re going to pay yourself and creating a “custom...
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How to stay ahead of inflation

 December 04, 2023 |Metkel Kebede
Tips on managing the impact of inflation on your investments Whether you’re saving for or living in retirement, it’s important to be aware of inflation risk – that is, the risk that inflation will erode the value of your investments over the long term...
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Understanding taxes and your investments

 December 04, 2023 |Metkel Kebede
Outside of registered accounts, tax efficiency plays a key role in building wealth. Most Canadians take advantage of tax sheltering within a Registered Retirement Savings Plan ( RRSP ) or through the tax-free benefits of a Tax Free Savings Account ( TFSA...
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