Donating to charities feels tougher this year as Canadians contend with rising living costs. From housing to groceries, affordability is a major challenge and the effects are widespread. Food Banks Canada reported more than 2 million visits in March 2024 — the highest monthly total in the organization’s 43-year history — and the profile of … Read more
Welcome to the Canadian Crypto Observer. Financial journalist and author Aditya Nain provides concise analysis of market-moving headlines to help Canadian investors understand the cryptocurrency landscape. How will a Trump presidency affect crypto? Before Donald Trump won the U.S. presidential election on Nov. 5, many crypto investors expected his administration to take a friendlier stance … Read more
In its 2024 budget, the federal government announced a plan to raise the capital gains inclusion rate. Canadians were given just over two months’ notice in April before the proposed changes were scheduled to take effect on June 25, 2024. Below is an up-to-date summary of what was proposed, how the legislative process has unfolded, … Read more
Experts warn that Donald Trump’s election victory could reshape U.S. interest-rate policy because several of his proposed economic measures risk lifting inflation. Any sustained rise in U.S. inflation would likely affect the timing and extent of rate cuts by the U.S. Federal Reserve, and those shifts could spill over to Canada — influencing both Canadian … Read more
With U.S. equity indexes such as the S&P 500 repeatedly reaching record highs this year, the investing environment feels charged and uncertain—especially after the recent U.S. presidential election. The victory by Donald Trump has increased market volatility as investors assess policy risks and potential economic change. In this climate, many investors are turning to exchange-traded … Read more
Options trading has become increasingly popular among do-it-yourself investors, especially younger participants seeking the potential for quick, sizable gains. While easier access and lower fees have democratized an area once dominated by professionals, experts warn that options can be risky and are not suitable for everyone. What is an option? An option is a contract … Read more
Building financial resilience starts with an honest assessment of where you stand today and clear, realistic goals for the future. In 2023, an independent study conducted by World Financial Group (WFG) on Canadians’ Financial IQ found that 32% of households dipped into savings to cover rising living costs. While inflation has eased somewhat, prices remain … Read more
Meet Russ Dyck Russ Dyck is a Certified Financial Planner and the founder of Finovo, a practice focused on clear, practical financial planning for professional couples and young professionals. He helps clients navigate complex financial decisions with straightforward strategies tailored to each household’s goals and values. Russ emphasizes real-world solutions that enable clients to build … Read more
As Canadians wake up to the news that Donald Trump will return to the White House, his protectionist policy proposals are drawing renewed attention to how a second Trump administration could reshape Canada–U.S. economic ties. Business leaders and economists are scrutinizing the possible consequences of broad tariffs, and policymakers are already weighing how to protect … Read more
Bitcoin surged to a fresh all-time high on Wednesday as markets reacted to former President Donald Trump’s victory in the U.S. presidential election. Traders and investors pushed the price upward on renewed optimism that a Trump administration could be favorable to cryptocurrencies and adopt policies seen as supportive to the industry. How did bitcoin investors … Read more