FP Answers: What’s the best strategy for making good use of my CPP, Old Age Security and RRSP money?

In this reader’s case, it makes sense to start collecting CPP right away at age 61 Published Aug 18, 2023  •  Last updated 22 hours ago  •  3 minute read Life expectancy is an important consideration when deciding when to start CPP. Photo by Ryan Remiorz/The Canadian Press By Julie Cazzin with Andrew Dobson Q: I… Continue reading FP Answers: What’s the best strategy for making good use of my CPP, Old Age Security and RRSP money?

Inside a fight between a taxpayer and Revenu Quebec over measuring home office space

Jamie Golombek: Taxpayer argued thickness of walls should be subtracted from calculations because they aren’t ‘useable areas’ Published Aug 17, 2023  •  4 minute read A dispute about the portion of deductible home office expenses that ended up in the hinged on how to properly measure square footage. Photo by Getty Images/iStockphoto If you work… Continue reading Inside a fight between a taxpayer and Revenu Quebec over measuring home office space

Middle-aged, newly single woman needs to think beyond her debt

Joanne’s focus on paying down her mortgage has meant she’s paused building savings and just about everything else Published Aug 16, 2023  •  5 minute read Joanne has been aggressively working to pay off her mortgage and outpace rate increases. Photo by Chloe Cushman/Financial Post illustration files At age 53, Joanne* finds herself at a… Continue reading Middle-aged, newly single woman needs to think beyond her debt

Why couples should consider co-mingling their finances

Research shows that couples who merge their money are more likely to be happy and successful Published Aug 15, 2023  •  Last updated 3 days ago  •  5 minute read There is a strong case for couples to completely co-mingle their finances despite some potential drawbacks. Photo by Getty Images/iStockphoto Given the highly personal nature of… Continue reading Why couples should consider co-mingling their finances

Stock Market Today: Stocks Close Mixed Ahead of Jackson Hole

More concerning headlines out of China pressured stocks early Friday, though the major indexes managed to climb off their session lows as Treasury yields retreated from recent highs. Next week brings a key Federal Reserve event – one that sent the markets into a tailspin last year.  Amid quiet economic and earnings calendars here at… Continue reading Stock Market Today: Stocks Close Mixed Ahead of Jackson Hole

Walmart Shoppers Turn Out To Drive Up Quarterly Results

Shoppers flocked to Walmart in the second quarter, driving up sales across all channels including brick-and-mortar stores, Sam’s Clubs and online, said Doug McMillon, the retailer’s president and CEO. “We had another strong quarter. Around the world, our customers and members are prioritizing value and convenience,” he said in a statement announcing the company’s quarterly… Continue reading Walmart Shoppers Turn Out To Drive Up Quarterly Results

Bitcoin plunges more than 10% after Elon Musk’s SpaceX reportedly sold the cryptocurrency

Bitcoin plunged about 10% after it was revealed that SpaceX sold the cryptocurrency.The Wall Street Journal reported that SpaceX wrote down the value of bitcoin it owns by $373 million.The recent jump in bond yields to 16-year highs has weighed on risk assets overall, including crypto. Loading Something is loading. Thanks for signing up! Access… Continue reading Bitcoin plunges more than 10% after Elon Musk’s SpaceX reportedly sold the cryptocurrency

Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records

Texas electricity prices soared 6,000% as a fresh heat wave is expected to shatter records. Spot prices jumped to $4,750 per megawatt-hour on Thursday afternoon from the average of $75 on Wednesday. An excessive heat warning has been issued for north Texas, where temperatures could top 110 degrees. Loading Something is loading. Thanks for signing… Continue reading Texas electricity prices soar 6,000% as a fresh heat wave is expected to shatter records