Buying Your First Home is Now More Difficult

Buying Your First Home is Now More DifficultBuying a first home or taking out a loan against an existing residence will be more difficult for Canadians under new rules announced Thursday, but Finance Minister Jim Flaherty says it’s for their own good. For the fourth time in as many years, the finance minister moved to tighten the mortgage and lending landscape — changes that mean up to five per cent of Canadians who might be considering buying…

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Why you’re earning less than you think

Why you're earning less than you thinkDo you know how much money you’re earning for the amount of time you work? Of course you know that your salary is “x” amount of dollars and your typical work week might be 35 to 40 hours. However, there’s a real trade-off in time, energy and money that’s directly associated with your job. Here are six reasons why you’re earning less than you think: 1. Transportation Getting to and…

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Job Market Slows in May

Job Market Slows in MayCanada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. But the jobs showing was a marked slowdown from the previous two months, which saw…

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Investment Fees, Advisor Compensation, and Added Value

Investment Fees, Advisor Compensation, and Added ValueDespite the strong argument about the advantages of lower fees, I think most people are not wired to be do it yourself investors. There is no doubt some can do it but more people can’t, won’t and don’t want to do it themselves. If you are not wired to do it yourself, they you need to find help from investment and financial advisors who can help you make better investing…

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