How cash surrender value lending can finance unexpected needs. There’s no question that having an easily accessible source of funds provides peace of mind. There will likely be occasions when access to extra money can come in handy. You might experience an unexpected emergency, be presented with an opportunity to invest in the markets or a business, decide to renovate your home or face any other short or long-term financial need. In these situations, people tend to seek out a

Cash has a hard time keeping up with inflation, so it’s important to be aware of how easily it can turn savings into a loss by weakening purchasing power. Rather than relying on traditional savings accounts, exposing your money to the markets could earn better returns that keep pace with or, possibly, outperform the negative effects of inflation. Investment choices have broadened over the past decade, providing more flexibility to build a portfolio with growth potential that

Higher prices can chip away at your savings, so position your money to stay a step ahead. Monetary inflation hasn’t been much of a concern for so long that it may seem like a foreign concept to some people. Before the 1990s, wild swings in inflation were more common, but for the past 25 years annual rates have hovered close to two per cent, with few notable fluctuations. What a difference a year can make. When widescale reaction to the global pandemic began in March 2020, the

Supply chain chaos, high inflation, geopolitical tensions and anticipation on when the Fed would raise rates contributed to volatility in January. Here’s a summary of the notable events that steered the markets. COVID-19 and market developments · January was a roller-coaster ride for equities as U.S., Canadian and global indexes tumbled, recovered and sold off again before stabilizing and starting to climb a second time at month end. · Bond markets, which tend to move much

Why a spousal RRSP might make sense for your household. Sharing tasks and chores, such as laundry, cooking, cleaning and grocery shopping, makes sense for many Canadian households – but have you considered the financial benefits that come with sharing contributions to retirement investments? Registered retirement savings plans (RRSPs) are popular among Canadians who are interested in building a future nest egg. Here’s some key information on this type of plan: Generally used