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Activist investor

An activist investor is a someone who buys many shares in the same company in order to influence how it is managed….


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Annual report

The annual report is a (long, somewhat painful) document published once a year by every company listed on the stock market. It contains…


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Bank of Canada

The Bank of Canada is unlike other banks. As Canada’s central bank, it is literally the only one able to print money….


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Board of directors

A Board of Directors is a team of people elected by a company’s shareholders to represent their interests and to ensure that…


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Bond

A bond is nothing more than a debt. If you have forgotten your lunch and you borrow $20 from your friend, you…


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Buy side

“Buy side” usually refers to financial analysts employed by fund management companies such as investment funds, insurance companies or other institutional investors….


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Chairman of the board

The Chairperson of the Board of Directors is the leader of a company’s board of directors. In this role, the Chairperson of…


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Chequing account

A chequing account is a bank account that is used on a regular basis. It’s a convenient place to keep money that…


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Compound Interest

Obviously, you know what an interest rate is. If you borrow $1000 from your fiend for one year and they agree to…


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Credit card

Credit cards are payment cards associated with high interest rates. However, people who pay their credit card balance in full each month…


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Cryptocurrency

Cryptocurrencies are decentralized virtual currencies. The best known are without a doubt Bitcoin and Ethereum. Using blockchain, a decentralized database technology, cryptocurrencies…


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Day trading

Day trading is a waste of your time. Day traders are people who buy and sell stocks in the same day to…


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Discount broker

Discount brokers are the intermediaries through whom you can buy and sell stocks, bonds, options, parts of mutual funds or other securities (and basically anything…


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Dividend

A dividend is money from the company’s profit that is paid to its stockholders at specific intervals. The dividend can be issued in…


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EBITDA

Earnings before interest, taxes, depreciation and amortization (EBITDA) is a measure of a company’s financial health. EBITDA is an indicator of the profitability…


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Exchange Traded Fund

Exchange traded funds (ETFs) are a pool of investments sold as a single product. Remember those cheesy christmas basket, filled with the…


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Financial Analyst

A financial analyst is a professional whose job is to assess companies’ financial situations. They are responsible for carrying out in-depth studies…


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Financial statements

Financial statements summarize a company’s performance and financial position over a given period. There are three main financial statements: the balance sheet,…


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Forex Trader

A Forex Trader specializes in the foreign exchange market. Their job is to buy and/or sell currency at the best price. The…


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Forward contract

A futures contract is a contract between two parties who agree to buy or sell an asset at a predetermined price and…


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Full service broker

A full service broker is a brokerage firm that, unlike discount brokers, offers financial and investment advice. Like discount brokers, they allow their…


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Hedge Fund

A hedge fund pools investors’ money and actively invests that money to earn a return. Unlike mutual funds, hedge funds tend to…


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Hedge funds

Hedge funds pool investor money and actively invest that money with the goal of earning a return. Unlike mutual funds, however, hedge…


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Impact investing

Impact investing is an investment strategy that reconciles financial performance and positive spinoffs for society. This investment strategy differs from socially responsible…


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Index

An index gives you a snapshot of the overall performance of a particular market sector, for example all of the companies making…


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Inflation

Inflation is a word you often hear economists brandish as a threat. It should not be too high or too low… but…


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Insider Trading

If your cousin Jimmy who works at Air Canada tells you that the airline’s sales are going through the roof, and no…


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Institutional Investor

An institutional investor is basically an organization that trades stocks and securities in a large enough quantity that they get special treatment that…


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Investment advisor

For a long time, investment advisors were called “brokers”. They’re the people you see in movies like Oliver Stone’s Wall Street or…


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Leverage

Leverage is a fancy word for debt. A company that owes a lot of other organizations money is considered “highly leveraged”. The…


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Market capitalization

Market capitalization is the market value of all the shares of a publicly traded company. So this is the value that stock…


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Mortgage

Mortgages are loans used to purchase a property such as a house, a condo or a cottage. Mortgage interest rates are lower…


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Mutual Fund

A mutual fund is a collection or “pool” of stocks and bonds that are sold as a single package. In other words, if a…


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Net income

Net income is the wealth created by a business. Also known as the bottom line, it is a key indicator of a…


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Option

An option is a financial product belonging to the category of derivatives. An option gives you the right to buy or sell…


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Passive investing

Passive investing is an investing strategy that involves speculating on the long term value of stocks and limiting fees by buying and selling as…


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Policy interest rate

The policy interest rate is a rate established by central banks. Since 2000, the Bank of Canada has been setting the policy…


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Portfolio

A portfolio is the sum of all your investments put together. For example, if you own two apartment buildings, your real estate…


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Portfolio Manager

A portfolio manager is responsible for investing their clients’ money. Also known as a wealth manager, they work for high net worth…


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Reverse stock split

A reverse stock split occurs to decrease the total number of outstanding shares of a company. Since this strategy does not change…


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Robo-advisors

Robo-advisors are online portfolio management services that do not require interaction between the client and the portfolio manager. In Canada, robo-advisors (or…


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Saving account

A saving account is a bank account into which you deposit money that you don’t necessarily need to use right now. Generally,…


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Sell side

The “sell side” generally refers to financial analysts employed by brokers and investment banks. The work of analysts employed by these firms…


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Short selling

Short selling is the act of selling stocks that you don’t actually own. As a general rule, an investor would only short…


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Spin-off

Spin-off is the term used to describe the creation of a new company from an existing company. When it occurs, shares of…


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Stock

If a company was an apple pie, a stock would be a slice of the pie. In short, a stock is a…


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Stock Market

The stock market encompasses all the people, companies and institutions buying and selling slices of publicly-owned companies and other securities. When someone says that…


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Stock split

If a share is a piece of a pie, then a stock split means dividing one piece of the pie into smaller pieces. If…


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Swap

A swap is an exchange of financial flows between two companies or financial institutions. Money is not directly exchanged, but financial instruments…


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Technical analysis

Technical analysis is a way of valuing a stock based on its price history and other market indicators. Those who perform technical…


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Technical analysis

Technical analysis is a way to assess a stock security based on its price history and other market indicators. Those doing technical…


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