Over the last few years, we have witnessed the meteoric rise of crypto-currencies. It’s all over the news, and it is being talked about everywhere on the internet. And we all have that one friend that just wouldn’t shut up about it. The word Crypto is derived from the word “Kryptos” in the Greek language. …
Canada Fed on your bank statement is a direct deposit from the Canadian government. This payment is occasionally deposited into the bank accounts of eligible Canadians. Canada Fed deposit could include any of the following payments: But why does Canada Fed payment exist? There will always be low-income earners in any country, governments around the …
To individuals who are new to stock trading, the concept of a short squeeze may seem quite obscure. However, a short squeeze is a common occurrence in the stock trading niche and a concept every trader, professional or amateur, should know about. What is a Short Squeeze? In technical terms, a short squeeze is a …
Since the turn of the millennium, the global finance sphere has turned on its head. The first wave of change was the advent of internet banking in the early 2000s. Little did we know, that it was only the beginning of a radical wave of digital transformation in the industry. The 2010s were defined by …
Is this a good time to invest in Canada? To answer this, we would need to breakdown what types of investments are available to you in Canada. Investment simply means purchasing an asset with the aim that it generates some income at a later date. Making an investment usually involves some level of risk of …
To determine creditworthiness, a borrower undergoes an assessment that measures the requirements of a financial obligation and debt. This quantitative measurement is known as credit rating. This quantitative assessment is attributed to any entity that is looking at borrowing money such as a person, a corporation, a government, a state, or provincial authority. Organizations that …
In what is currently the new gold rush, Canadians are investing more in a variety of stocks including gold stocks. There has been an unprecedented rise in the number of DIY stock traders all over the world. Online stock trading platforms like Questrade and Wealthsimple have simplified stock trading for novice investors. So what’s with …
Remember Jordan Belfort, of the blockbuster finance movie of all time, The Wolf of Wall Street, who swindled investors out of millions of dollars in a stock selling fraud scheme at his brokerage firm, Stratton Oakmont? The scheme caught up with him and he was prosecuted and jailed for 2 years. He was also forced to pay back over $100 …
Are you struggling to open a bank account as a citizen or resident of Canada? Or are you planning to migrate to Canada and you are overwhelmed with the thought of how to get a bank account? Do you need to open a bank account in Canada as soon as possible, but simply can’t leave …
One of the biggest dilemmas of personal finance management is the decision between Paying off your Mortgage or Investing the funds. As Mortgage payments are quite sizable, one may be tempted to put them to better use. This is a choice you have to consider very carefully. First, let’s examine what a Mortgage really means. …
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