Hand Sanitizer, Toilet Paper, and now $50 bills.

Since the pandemic has started, some Canadians have reported the inability to withdraw $50 bills at their local bank. BNN Bloomberg looked into these claims and found some interesting details. Only about 7% of Canadians reported trouble withdrawing cash, but those numbers were primarily from major Canadian cities, including Calgary. This is due to the

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Job Mobility Declines Amidst the Pandemic

After several years of consistent increases, a sudden drop in the willingness for millennials to leave their job has spawned from the COVID-19 pandemic. In 2019, 49% of millennials were willing to leave their job in two years or less, but that number has now dropped to 31%. This shows how millennials, who are typically

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How to Financially Survive the Coronavirus

With the COVID-19 pandemic making the average household tight on money, Warren Buffet has come out with his tips to surviving financially.   Firstly, Buffet says to take advantage of low interest rates. “This is a very good time to borrow money, which means it may not be such a great time to lend money,

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ESG Sustainable Investing

Sustainable investments are growing in popularity. Investors have taken the view that it is their fiduciary responsibility to consider risks associated with climate change, environmental impacts, safety considerations, and legal compliance. Using the considerations known as Environmental, social, and governance (ESG) factors, investors have realized that employing sustainable investment approaches could generate better risk-adjusted returns

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How to Prepare your Finances for Marriage

Though it may seem contentious to discuss earnings and assets with your partner before marriage, it could be a life-saver. Financial partnership with your life-partner is essential. To avoid future clashes, both individuals should be clear about their own goals and financial limits. If both of you are earning, it’s a good idea to consider

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How much money do you need to retire?

Although the official amount differs, on average retired Canadians are living on 62% of what they earned before leaving the workforce. This equates to an average of $3,431 each month on food, housing, health care, leisure, and more. If this doesn’t worry you, you’re not alone. Almost 9 in 10 Canadians they feel positively about

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2019 Canadian Debt Survey

Despite debt challenges, saving for a vacation (34%) led the list of financial priorities (slightly ahead of retirement savings at 31%). This year’s summer survey continued to build on the success of the 2018 campaign. Although results revealed that more Canadians believe they have reduced their debt vs. last year’s survey, there are still a

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Advantage of Advice

Seeking advice from a professional can go a long way towards helping you define and reach your financial objectives. Good advice provides you with a considerable advantage when working to achieve your financial goals.

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