Money

Almost 30% of Canadians will carry mortgage debt into retirement — here are 3 simple ways to tackle what you owe

They should be enjoying sunset vacations. Instead, millions of seniors are sinking deeper into debt.

What to do when you win big: Lessons from a $65-million Lotto Max windfall

After winning $65 million in the Lotto Max draw, Mark Hanley's story offers a heartwarming reminder to dream big, stay grounded and plan wisely: Advice anyone can use when faced with unexpected wealth

I’m 65, tired of working and have very little savings — is it possible to live off CPP alone? Yes, but you'll need to make these 3 big sacrifices

It may be tight, but it is doable

11 Global Cities Where a $200k Salary Still Isn’t Enough

Bank of Canada says recent rate hold was due to ‘unpredictable’ economy

The Bank of Canada released a summary from its most recent meeting, in which its members decided to leave interest rates unchanged given the 'uncertain' economic outlook.

Interest rates set to be held at 4.25 per cent – what it means for mortgages

The Bank cut interest rates at its last meeting in May, but experts don’t believe it will do so this time

‘I save 70 per cent of my income’: People on their secret pension savings

A £1.2m pot is now essential for a comfortable retirement, according to statistics – and few are close. We speak to six people with healthy pensions about how they did it

This Dividend Knight Has Grown Its Dividend for Over 50 Years!

Fortis stock may not have the highest dividend yield out there, but it's certainly safe. The post This Dividend Knight Has Grown Its Dividend for Over 50 Years! appeared first on The Motley Fool Canada.

7 ways to know you’re financially thriving (despite how it might feel)

Lilly to buy gene-editing partner Verve for up to $1.3 billion in cardiac care push

By Christy Santhosh and Sriparna Roy (Reuters) -Eli Lilly will acquire gene-editing startup Verve Therapeutics for up to $1.3 billion, the companies said on Tuesday, accelerating a push into experimental cardiovascular therapies. The companies were partnering to develop one-time, gene-editing therapies to reduce high cholesterol in people with heart disease, as part of Lilly's efforts to look

Five mortgage myths that simply are not true

Waiting for interest rates to drop further? That strategy can backfire

Where Wealth Lives: These 10 Countries Have the World’s Highest GDP per Capita

Where Wealth Lives: These 10 Countries Have the World’s Highest GDP per Capita

I'm a professional money expert with dyscalculia — known as number dyslexia

There are manageable steps we can all take to conquer number phobia.

Cost of comfortable retirement revealed — here's how much you need yearly

Listen to article Listen to article Your browser does not support the audio element. The high cost of living is also hitting pensioners as more money is needed for a comfortable retirement. Pensioners need more money in the bank if they want to be comfortable and afford more than just the basic necessitie...

Why I No Longer Charge My EV at Home—And Why It Matters

Why I No Longer Charge My EV at Home—And Why It Matters

2 Unstoppable Dividend Stocks to Buy if There’s a Stock Market Sell-Off

These two dependable TSX dividend stocks could help you ride out any market storm with confidence and consistent passive income. The post 2 Unstoppable Dividend Stocks to Buy if There’s a Stock Market Sell-Off appeared first on The Motley Fool Canada.

The Best Stocks to Invest $50,000 in Right Now

Looking for some of the best stocks to invest? Whether you have $50 or $50,000, this trio of options is hard to ignore right now. The post The Best Stocks to Invest $50,000 in Right Now appeared first on The Motley Fool Canada.

Financial MLMs: How to spot the difference between a multi-level marketing scheme and an actual business

Avoid getting scammed and watch out for these red flags for financial MLM schemes.

2 Dividend Stocks That TFSA Investors Should Buy Now

Here's why TFSA investors should consider owning TSX dividend stocks such as CNR to generate outsized gains over the next decade. The post 2 Dividend Stocks That TFSA Investors Should Buy Now appeared first on The Motley Fool Canada.

My dad set up an annuity but is asking me to borrow money at the end of every month. What options do we have to set up his finances better?

Annuities are considered to be a reliable income stream for retirement, but if the payout is leaving you short every month, something isn’t working. Whether it’s poor payout timing, rising costs, or bad planning, the good news is: you have options.

William Watson: Whisky, tobacco, butter and Liberal capabilities

As spring clicks over into summer, some green shoots in search of a column:

Canada’s Top 15 Billionaires and How They Made Their Money

How much you should have in savings - and how your bank balance compares to the average Australian

Here's what the typical Aussie has in savings during a cost-of-living crisis.

A Week In A British Columbia Border Town On A $130,000 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.Today: a counsellor who makes $130,000 per year and who spends some of her money this week on a blanket from The Bay.If you’d like to submit your own Money Diary, you can do so via our online form. We pay $150 for each published diary....

Billionaire Warren Buffett’s 5 top tips for making your fortune

The Best Ways to Invest $10,000 in Canadian Markets Now

Here’s a well-rounded basket of three top Canadian stocks to have on your watch list today. The post The Best Ways to Invest $10,000 in Canadian Markets Now appeared first on The Motley Fool Canada.

8 people who made millions from a single investment

From Jeff Bezos's parents to the co-founder of Red Bull, these people made unlikely investments that made them staggeringly rich.

Hedge fund Millennium in talks to sell stake at $14 billion valuation, source says

By Nell Mackenzie and Niket Nishant LONDON (Reuters) -Millennium Management is in talks to sell a minority stake in its management company, in a deal that values the hedge fund giant at $14 billion, said a source with knowledge of the matter. The company is working with Goldman Sachs' Petershill Partners to sell a stake of 10% to 15% to interested parties, the source said. Petershill, which

15 Frugal Habits I Have Always Had

I didn't wake up one day and decide to be frugal. It just kind of happened as I started paying attention to where my money was actually going. A lot of times, the little things made the biggest difference. None of these habits feel like a huge sacrifice either-they just make life simpler and a lot less stressful. Here are 15 frugal habits that are part of my life now, and I'm not planning to quit them anytime soon. Featured Image Credit: sundikova /Depositphotos.com.

New blow for Rachel Reeves as inflation stays at 3.4 per cent - despite hopes it was due to fall

The latest data from the Office for National Statistics (ONS) means prices were still rising in May at a similar rate to April when a raft of bills increased for households up and down the country.

An Easy 5-Stock Portfolio for New Investors

Want to establish an easy 5-stock portfolio? Both new and seasoned investors alike should consider these five gems. The post An Easy 5-Stock Portfolio for New Investors appeared first on The Motley Fool Canada.

Irish ticketholder wins £208 million Euromillions jackpot

Why Ryanair Makes So Much Money

Why Ryanair Makes So Much Money

15 Affordable Old Money Brands for Timeless Stealth Wealth Style

Good news: you don’t need a trust fund to look rakish, refined—and rich as hell. We’ve rounded up the best old money brands for sophisticated style.

Got extra cash? Here's when experts say it's best to make a lump-sum mortgage payment

Being mortgage free can seem like a distant goal when the outstanding balance is in the hundreds of thousands of dollars and most of your regular payments are going toward paying interest.

Trump tax bill would widen deficits by $2.8T after factoring in economic impacts, CBO says

WASHINGTON (AP) — President Donald Trump’s tax cuts package would increase deficits by $2.8 trillion over the next decade after including other economic effects, according to a fuller analysis of the House-passed measure released Tuesday by the Congressional Budget Office.

For $5,000 in Annual Dividends, Here’s How Many Shares of CIBC Stock You’ll Need

If you're looking for stable passive income, this dividend stock will certainly get you there. The post For $5,000 in Annual Dividends, Here’s How Many Shares of CIBC Stock You’ll Need appeared first on The Motley Fool Canada.

The 20 most valuable coins on Earth, ranked

From ancient coins to ultra-rare dollars, discover 20 incredible coins that sold for way more than their face value.

12 Canadian Cities Where $40k Actually Goes Far

How people are reacting to free national park entry this summer, thanks to Canada Strong Pass

Mark Carney's government has introduced the Canada Strong Pass, which makes it free for everyone to visit the country’s national parks starting June 20. The goal is to drive more inter-provincial tourism, as Canadians visit bucket-list locations they've been meaning to go to. CBC’s Cody MacKay has that story.

Which Star Wars film made the most money?

Discover which Star Wars movie made the most money at the worldwide box office.

8 Best Countries for Budget Travel (And 3 That Cost Too Much)

8 Best Countries for Budget Travel (And 3 That Cost Too Much)

Millions of Australians to get a major cash boost from next month

Nearly 10 million Aussies are set to benefit from the changes being introduced next month.

Musk's xAI in talks for $4.3 billion equity funding, Bloomberg News reports

(Reuters) -Elon Musk's artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of its $5 billion debt funding plans, Bloomberg News reported on Tuesday, citing information shared with investors. Between its founding in 2023 and when the debt sale was launched this year, xAI raised $14 billion through equity fundraising, the report said. Training

10 Reasons To Turn Your Property Into An Airbnb & 10 Ways To Do It

Your property could be earning while you sleep. Short-term rentals offer good side income and unexpected perks, and when it comes to Airbnb, no fancy real estate is needed. Smarter hosting means bigger rewards. So here, we explore 10 reasons to turn your property into an Airbnb—and 10 ways to achieve that.

3 Stocks to Consider for Your $7,000 TFSA Contribution This Year

These stocks pay attractive dividends that should continue to grow. The post 3 Stocks to Consider for Your $7,000 TFSA Contribution This Year appeared first on The Motley Fool Canada.

In Celine Song’s ‘Materialists,’ Love Is Serious Business

The Korean-Canadian filmmaker's buzzy romance film Materialists is in theatres now.

Should my first home be an investment property?

Investing in a rental property could work out, but it isn’t for the faint of heart.

At 65 and set to retire with $357,000 in the bank: How much money can you comfortably spend each year?

The average Canadian retiree household spends roughly $62,000 per year. Based on this, retirees are wondering: Have I saved enough?

Meet the world's richest person from every decade since 1820

What did it take to be the richest person in the world in 1820, 1850 or 1900? And how does that compare to today?