Raising a child in Canada is a significant financial commitment, with the average cost reaching $16,900 per year or $320,000 by the time they turn 18

Holding a portfolio of different securities is one of the keys to long-term investment success. It’s called “diversification” and this proven technique can be effective in improving a portfolio’s risk-return profile (i.e., it’s designed to enhance performance over the long run while helping to mitigate risk).

After a prolonged stretch when interest rates remained relatively high, the Bank of Canada (“BoC”) has entered a rate-cutting cycle whereby, on July 24, 2024, we had our second rate cut of 0.25%. This rate reduction followed the initial 0.25% rate cut announced on June 5, 2024.

Being a student in Canada can be financially challenging, but with a few smart strategies, you can stretch your budget further. Here are some practical tips to help you save money while still enjoying your time at school.

If you’re new to investing, the sheer number of investment vehicles available can be overwhelming. You could try stocks and bonds, but it’s tricky to navigate the complex investment landscape – while also understanding enough about the markets and economy – to know when to buy and sell.

If you’ve been thinking about estate planning and leaving an inheritance to your family and perhaps other heirs, kudos for being proactive. After all, for most people their legacy options when gifting money to loved ones starts with an estate plan.