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Many people automatically equate alternative lenders to payday lenders and therefore don’t consider them as a legitimate financing solution. The most common assumption is that alternative lenders are a last resort, high interest scam, when in fact, alternative lending refers to any lending done outside of the traditional bank system; and for some, it’s actually […]

Canadians looking for some extra cash can now turn to the post office. Canada Post officially launched a new personal loan program in partnership with TD Bank Group. Canada Post says that the new program, called the Canada Post MyMoney Loan, responds to Canadians’ desire for fair, transparent, and more affordable loans. The product began […]

It is important to consider the economic environment when investing your money. However, one economic factor with a huge influence on your returns is sometimes overlooked: inflation. Maxime Bernier, current leader of the People’s Party of Canada is against inflation. During the seventh episode of Open Wallet, our show about personal finances, he talks about […]

Let’s suppose you walked into a casino and bet 100 dollars on some game; the following are all of the possible outcomes, along with their respective probabilities :   80%: You walk away with nothing 19%: 200 dollars gain 1%: 2000 dollars gain   Now, suppose you have gambled so often that you have encountered […]

The best way to lose money fast as a self-employed investor is to invest in companies you do not understand. The complexity of the company, your scope of expertise and your willingness to further analyze the company are all factors that should be considered when choosing a stock in which to invest.   The complexity […]

We’ve all sat in the middle of a conversation of baby boomers discussing their retirement. We’ve all seen people around us getting happier and happier as they approach retirement age. We all thought that retirement was a topic that didn’t concern us young people! However, the wisest among us are already thinking about it and […]

After introducing a revolutionary digital system to the West that has transformed mathematics and commerce forever, it seems that Islamic principles can still be very useful to our wallets, thanks to Islamic finance. Halal investing, which is the cousin of Islamic finance, is most notably known to favour less risky and more stable investments. What […]

Hundreds of thousands of people from all over the world have money in the stock market and many of them are managing their portfolio poorly. If you’re not careful and don’t tread carefully, you can easily lose a ton of money. The tips in this article will hopefully help you have a little more success in the […]

In its latest annual report, Deloitte points out that women hold only 16.9% of board seats worldwide. This represents an increase of 1.9% compared to 2018 figures. Women are largely underrepresented Canada ranks 14th in the world with 21.4% women in business leadership (compared to 18% for North America). Efforts to promote diversity in corporate leadership have intensified in […]

It’s no secret that index funds are all the rage nowadays. The first index fund was created by John Bogle and made its debut on December 31, 1975, and since then, this class of investment funds has grown steadily in popularity, especially among first-time investors.  For the uninitiated, an index fund is an investment that […]

Not all financial products offer the same benefits and level of risk. Some are more likely to match your investor profile than others. When investing in the stock market, you need to understand the financial products into which you invest your money. In fact, not all financial products offer the same benefits and level of […]

The internet has changed the way we interact, the way we work, and the way we educate ourselves. But one of the biggest industries to be affected by the coinage of the internet is the stock market. With the evolution of the internet, literally, anyone can find live stock quote feeds within seconds. Those who were investing […]