Canadian Investment Advice and Financial News
The average credit card debt of a US household is over $15,000. That is a lot of money! Our neighbor to the north is in even worse shape in that an average Canadian household owes nearly $27,000 in credit card debt. Credit card debt can become an overwhelming problem if you don’t take care of […]
I’ve read that one should avoid loaning money to friends (and relatives) and do so only if it is money or relationship they can afford to lose. I’ve not loaned money to anyone yet, but I’ve been the beneficiary a couple of times during my school days. Recently, while hanging out with friends, I heard […]
Can banking get any more complicated? Hey man, you have no clue. But in fact, clients can make banking and the loan industry complicated: At first, somebody wants to buy a house but doesn’t have any cash available for a down payment. So, banks create mutual funds to help him save. Then, this same individual […]