CanadianInvestor

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Welcome to Canadian Investor!

In this community of Canadian investors, we strive to foster growth and active portfolio management. Our goal is to provide a platform for discussions on all aspects of investing. While engaging in fruitful conversations, we urge members to be aware of the risks associated with trading.

To maintain a professional and respectful environment, we have established the following rules:

  1. Relevant Posts: All posts must pertain to investments.

  2. No Self Promotion/Affiliate Links: Avoid promoting personal interests or sharing affiliate links.

  3. Respectful Communication: Treat fellow community members with respect and refrain from engaging in disrespectful behavior or personal attacks.

  4. Daily Discussion Thread: "Thoughts on xyz," "what to buy," and general discussions should be confined to the daily thread designated for such conversations.

  5. Exclusion of Penny Stocks/Microcaps: Threads focusing on penny stocks or microcaps (market cap under $500 million or stock price under $5) are not permitted.

  6. No Memes: Please refrain from posting memes in the group.

By adhering to these concise and professional rules, we can cultivate a valuable space for Canadian investors to learn and grow together.

founded 1 year ago
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mxwarp
listing: all - local
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India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the US, per Bloomberg. (www.bloomberg.com)
submitted 1 year ago by mxwarp to c/canadianinvestor
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BoC expected to raise rates again this week, vying to quash inflation faster (www.ctvnews.ca)
submitted 1 year ago by mxwarp to c/canadianinvestor
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Deloitte's chief economist, Dawn Desjardins, said there have been some recent signs that the economy is taking a turn, with the latest job report for June showing the unemployment rate rising and wage growth slowing.

But the overall picture suggests inflation is still sticky, wage growth is high and the economy continues to churn, she said.

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Insolvency firm MNP reports 52% of Canadians are $200 or less away from being unable to pay bills due to rising interest rates and living costs. (www.bnnbloomberg.ca)
submitted 1 year ago by mxwarp to c/canadianinvestor
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The report says 35 per cent of those asked say they already don't make enough to cover their bills and debt payments, up from 30 per cent in April and a record high for the survey. It also says a record 48 per cent of those surveyed are concerned about their current level of debt.

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Weekly U.S. Market Update (i.imgur.com)
submitted 1 year ago by mxwarp to c/canadianinvestor
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Maximizing the First Home Savings Account: A Complete Guide (self.canadianinvestor)
submitted 1 year ago by mxwarp to c/canadianinvestor
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Stumbled upon an excellent podcast interview featuring Evan Neufeld, CFP, and Aaron Hector, CFP, R.F.P., TEP.

They delve deep into the topic of FHSA (First-Time Home Buyer Savings Account) and cover all the crucial details you need to know.

From the intricate rules and eligibility criteria to contributions, deductions, and even tax efficiencies, they leave no stone unturned.

They also discuss what happens if you don't buy a home, qualifying withdrawals, and the transfer of funds. Moreover, they provide a comprehensive comparison between FHSA and Home Buyers Plan, as well as insights on how it stacks up against TFSA, RRSP, and RESP.

I highly recommend giving it a listen!

The Canadian Money Roadmap, Episode 77

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Statistics Canada says the unemployment rate rose to 5.4 per cent in June, reaching the highest level in over a year. (www.bnnbloomberg.ca)
submitted 1 year ago by mxwarp to c/canadianinvestor
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The country added 60,000 jobs, driven by gains in full-time work, while the unemployment rate rose to 5.4 per cent, the highest since February 2022, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a gain of 20,000 positions, but missed the forecast for a jobless rate of 5.2 per cent, according to the median estimate in a Bloomberg survey.