What is Norbert’s Gambit? Norbert Schlenker, the president of Libra Investment Management, reportedly came up with the idea for Norbert’s Gambit nearly 40 years ago. The concept became more prevalent over the past 20 years. Schlenker used his idea to convert currency between Canadian and U.S. dollars using inter-listed stocks. For example, some Canadian stocks…
Maybe that money is already spoken for. Many Canadians are struggling financially right now, so a bonus or salary increase might simply help cover the rising cost of living or create a bit of breathing room in your budget. But if you’re keeping up with monthly obligations like rent, mortgage payments, household bills and loans,…
Later Wednesday, U.S. Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee, where he will likely be asked about inflation and the Fed’s response to it. The U.S. Fed raised its benchmark rate in 2022 and 2023 to a two-decade high of 5.3% to combat inflation. With inflation down significantly from…
“I’ve lived through a number of recessions in our business and our business actually does better when economic times are tougher because people and guests travel less, they stay closer to home, and we become one of the cheaper forms of having a good time outside their place of residence,” Jacob said in an interview…
The CRTC has so far sided with Telus in allowing them to do so—although it deferred a final decision on the matter until the summer—while Bell says that direction discourages the big players from investing in their own network expansions. “To put it bluntly, we’re not in the business of building fibre for Telus’s benefit,…
Wise Bread Picks ShareThis Turning the big 4-0 is a perfect time to reflect on how far you’ve come in life, the milestones you’ve surpassed, and the relationships you’ve built. But for some people — especially those who don’t have their financial ducks in a row — it’s a time when panic sets in. After…
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Wise Bread Picks ShareThis There are right ways and wrong ways to buy a home. The latter of which will cost you a lot of unnecessary money, stress, and frustration. Use best practices, however — as offered by real estate experts below — and you’ll walk away a winner with a smile on your face…
Your Money Working Harder ShareThis The costs of remodeling your home can add up quickly, and they can even be exorbitant, depending on the project you take on. According to Remodeling Magazine’s 2019 Cost vs. Value study, a minor kitchen remodel would set you back $22,507 this year, replacing a roof with asphalt shingles costs…
Let’s explore Swedish death cleaning, including what not to leave your kids, tips for potentially tricky family conversations, and how to handle all that unwanted stuff. What is Swedish death cleaning? It’s not as morbid as it sounds; in fact, it’s quite liberating. Swedish death cleaning is about simplifying your life and reducing the burden…
