Finance

Russia’s economy is struggling from sanctions, western officials say. Here’s why

High inflation, rising interest rates and labour shortages are undermining Moscow's claims of a strong economy, western officials say.

Inflation is cooling, why are Canadians still so stressed out financially?

Despite significant progress in the Bank of Canada’s efforts to bring annual inflation down, a new survey shows that Canadians are feeling more stressed-out financially than two years ago. Anne Gaviola has more on the cumulative effect of the high cost of living and rapidly-rising interest rates on household budgets.

Salary Story: I Went From $175,000 To $245,000 With Just One Job Change

In our series Salary Stories, women with long-term career experience open up about the most intimate details of their jobs: compensation. It’s an honest look at how real people navigate the complicated world of negotiating, raises, promotions and job loss, with the hope it will give young people more insight into how to advocate for themselves — and maybe take a few risks along the way. Been in the workforce for at least five years and...

Millionaires reveal 8 frugal habits that helped them get rich

Average net worth of Americans by age — see how you compare

Federal government posts $3.9B deficit in April, May

OTTAWA — The federal government posted a $3.9 billion deficit in the first two months of the fiscal year.

2 Dividend Stocks to Double Up on Right Now

After their recent declines, you can consider doubling up on these two top Canadian dividend stocks right now to expect solid returns on your investments in the long run. The post 2 Dividend Stocks to Double Up on Right Now appeared first on The Motley Fool Canada.

Umicore suspends construction of $2.76B battery materials plant in Ontario

Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario.

How to Make a Trendy Money Plant Stick for Your Home | Money Plant Growing Stick//GREEN PLANTS

How to Make a Trendy Money Plant Stick for Your Home | Money Plant Growing Stick//GREEN PLANTS @GreenPlants5 In this video we show you how to make a money plants growing stick or plant pole to support and encourage the healthy growth of the plants. Choosing the perfect indoor plants and creating a growing stick to styling your own money plants climber with self watering system using plastic bottles, this DIY tutorial covers it all. Watch as we guide you through the steps to elevate your indoor garden or home or your living space. #greenplants #plantpole #moneyplant #growingstick #coirstick

Shanghai launches $13.8 billion in funds to boost integrated circuit, biomedicine, AI sectors

BEIJING (Reuters) - China's commercial hub Shanghai on Friday announced 100 billion yuan ($13.79 billion) in funds to boost its integrated circuit, biomedicine and artificial intelligence (AI) industries. The fund for the AI sector will focus on fields including intelligent chips, software, autonomous driving and intelligent robots, Shanghai's government said in a statement. The money will be

Here's when to book your summer vacation to get bang for your buck

It's two weeks from the first day of summer and Canadians are booking their vacations for the season. But after months of inflation and elevated interest rates, people are still looking for how to save money. Sean Previl reports on what tips experts have so you can get the best bang for your buck, including when's the best time to book.

What's the most expensive home you could afford?

Use this tool to calculate the most expensive home you could buy based on your income and passing the mortgage “stress test."

Walmart Canada gives 40,000 hourly workers pay raise

Walmart says it’s spending $53 million to lift hourly wages for 40,000 of its workers across Canada, effective this month. Anne Gaviola has more on why the big box retail giant’s recent pay raise and hiring spree bucks current labour market trends.

What I Own: I purchased my £592,750 East London two-bed flat at the age of 22

'I saved 60-70% of my salary from work each month.'

Ackman's Pershing Square USA postpones IPO, NYSE website shows

(Reuters) -Pershing Square USA, a fund managed by billionaire Bill Ackman, has postponed its initial public offering, according to a notice on the New York Stock Exchange's website on Friday. The delay follows Ackman's recent slashing of the fundraising target for the U.S. fund. The IPO was originally scheduled to price on Monday. Pershing Square did not immediately respond to a Reuters request

Turkey's Erdogan announces $30 billion in incentives for high tech areas

ANKARA (Reuters) - Turkey will launch a $5 billion package to boost its annual production of electric vehicles to one million cars, President Tayyip Erdogan said on Friday, adding that Ankara would unveil other incentive packages for high tech areas totalling $30 billion. Erdogan, speaking in Istanbul, said Turkey had paved the way for EV makers to invest in Turkey, namely via China's largest EV

I saved £30,000 in 2 years - all while working a minimum wage job

I set myself a goal of becoming a millionaire in 10 years.

Business Matters: What would a Kamala Harris presidency mean for the U.S. economy?

A key question looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination is whether or not she can turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do. Anne Gaviola has this story and more in Business Matters for Friday July 26, 2024.

I became a millionaire at age 27—here are 4 'unpopular' rules rich people follow that most don't

Your Rich BFF founder and self-made millionaire Vivian Tu reveals the "rich people habits" that made her a millionaire.

Fully Natural Method to Decorate Your Indoor Money Plants That Will Inspire a Refresh//GREEN PLANTS

Fully Natural Method to Decorate Your Indoor Money Plants That Will Inspire a Refresh//GREEN PLANTS This video shows about creative best money plants growing method using coconut shells with natural method for decoration ideas to grow your money plants for indoor or outdoor. Here I show you how to make coconut shell planters in a few simple steps so you can do it yourself easily with available things. Each pots have drainage holes to keep the plants well drained and stylish ideas for growing pothos plants as indoor decor. Transform your space with these decorative indoor plants and planter is perfect for any house plants and also a best alternative to using plastic pots. #greenplants #moneyplant #moneyplantdecoration #homegardenideas #plants #gardeningideas

How Much Cash Should You Travel With?

Ever wonder how much money you should take with you when you travel? Here is what we do. Join this channel to get access to perks: https://www.youtube.com/channel/UCFr3sz2t3bDp6Cux08B93KQ/join #travel #budgettravel #travelsafety Copyright Mark Wolters 2023 Learn how to plan your travels like we do with our Travel Planning 101 Course: https://www.brighttrip.com/woltersworld Grab some Wolters World travel gear http://www.woltersworld.store Help Us Keep Make More Honest Travel Videos: https://www.patreon.com/woltersworld Hey There Fellow Travelers! Thank you for watching our honest travel vlogs from all over this wonderful world. If you would like to get in contact with us please follow us & send us a message via our social media channels below. Also, if you like our travel videos please feel free to share them with other fellow travelers. You can find us all over the internet: Travel Advice & Destinations: https://www.youtube.com/woltersworld Food Travel Videos: https://www.youtube.com/woltersworldeats Travel Tips: https://www.youtube.com/woltersworldshorts Business Education: https://www.youtube.com/professorwolters Tiktok: https://www.tiktok.com/@woltersworld Instagram: https://www.instagram.com/woltersworld Jocelyn's Instagram: https://www.instagram.com/jocelynwoltersworld Facebook: https://www.facebook.com/woltersworld Twitter: https://www.twitter.com/woltersworld Linkedin: https://www.linkedin.com/company/wolters-world-travel-culture/

Groceries are expensive, but they don't have to break the bank. Here are some tips to save

NEW YORK (AP) — If you’ve noticed that you’re paying more than before for the same amount of groceries, you’re not the only one. Inflation is easing slightly, but grocery prices are still high — up 21% on average since inflation started to surge more than three years ago.

Insurance Hacks: How to slash your premiums and save big

Sangita Patel reveals top tips to ensure you're not overspending on home and car insurance. Plus find out how even your profession can lead to significant savings.

‘Deadpool & Wolverine’ is already breaking box office records, with more possible soon

“ Deadpool & Wolverine ” has gotten off to a supercharged start at the box office, breaking the Thursday preview record for an R-rated movie. The comic-book film sold an estimated $38.5 million worth of movie tickets from preview screenings Thursday, Disney said Friday.

‘Ridiculous’: Singh says punishment for Loblaws price-fixing scheme not enough

NDP Leader Jagmeet Singh called Thursday for tougher punishments for price gouging after it was reported Loblaw had agreed to pay $500 million to settle a class-action lawsuit regarding their bread price-fixing scandal. Singh said it was “ridiculous” that consumers “had to fight in court to get justice.”

2 Bargain Stocks You Can Buy Today and Hold Forever

When it comes to bargain hunting, you've come to the right place. These two bargain stocks certainly offer that as well as strong returns! The post 2 Bargain Stocks You Can Buy Today and Hold Forever appeared first on The Motley Fool Canada.

Could more interest rate cuts come from Bank of Canada?

In the latest edition of Your Money, personal finance expert Rubina Ahmed-Haq joins Antony Robart to discuss Wednesday's Bank of Canada interest rate cut and the impact it will have on Canadians.

How Much Do You Need to Earn to Live in a Major U.S. City?

Living in a major metropolitan area doesn’t come cheap. To survive comfortably you’ll need to earn at least six figures, according to a new study. If you’re single, you’ll need to earn at least $96,500 a year before taxes, and two parents supporting two children will need at least $235,000, Knewz.com has learned. The above salaries are required to ...

Bristol Myers second-quarter results beat expectations, helped by new drugs

By Michael Erman (Reuters) - Drugmaker Bristol Myers Squibb posted better-than-expected second-quarter results, driven by growth from new products like anemia treatment Reblozyl and heart drug Camzyos as well as from its top-seller, blood thinner Eliquis. Eliquis is expected to have revenue curtailed when the U.S. Medicare health plan for people over age 65 institutes negotiated drug prices

RRSP: 2 TSX Stocks Still Offering 7% Yields

These top TSX dividend-growth stocks still look cheap and offer great yields for RRSP investors. The post RRSP: 2 TSX Stocks Still Offering 7% Yields appeared first on The Motley Fool Canada.

I'm a money saving guru... here are FIVE ways to save cash with kids

For parents looking to be thrifty with their money, financial expert Lynn Beattie, otherwise known as Mrs Mummypenny, gave her top tips for cutting your spending over the summer holidays.

8 Things You Must Buy at Sam’s Club While on a Retirement Budget

For many retirees, a trip to Sam's Club looks a bit different after entering retirement. Grocery shopping priorities change, and Sam's Club members might even find they spend time in departments they...

9 Places To Retire That Are Just Like Colorado But Way Cheaper

Plenty of people are drawn to places like Florida for their retirement, looking for warmer weather and a more laid-back lifestyle. For those who lean more towards an outdoorsy life -- and that don't...

These Stocks Are Safe and Steady: They’re Also on Sale

Fortis (TSX:FTS) stock is the perfect utility to buy and hold before the markets get any more volatile. The post These Stocks Are Safe and Steady: They’re Also on Sale appeared first on The Motley Fool Canada.

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

4 Lucrative Tax Deductions That Seniors Often Overlook

There are a host of tax breaks available to retirees and older Americans, but they’re easy to miss.

The annual salary you need to earn to be in the top 1% in every US state

Scotiabank says technical issues disrupting salary payments is fixed

TORONTO — Scotiabank says it has fixed an issue that caused some account holders not to receive their pay and other deposits Friday.

How Far $750,000 in Retirement Savings Plus Social Security Goes in Every State

The duration of retirement savings usually depends on withdrawal rates and general lifestyle spending. How much do you withdraw and how often? With your retirement savings and Social Security, there's...

8 Upper Class Money Traps That Ruin Your Wealth

Having a higher income doesn't make you immune to making poor financial decisions. Those in the upper class might have access to more resources, but they can also easily fall for money traps that may...

25 Things To Sell When You’re Ready To Retire

Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. For some, this means relocating to a smaller home or a retirement community. For others, this means...

Many workers believe pensions are key to achieving the American Dream. But getting those plans back isn't easy

Responsibility for retirement savings has shifted from employers to employees. Now, there's new debate as to whether that change has benefited workers.

Married Canadians: Save on Taxes by Combining Finances

If you give your spouse money to buy Fortis (TSX:FTS) stock, the second-generation dividend income is taxed at their rate. The post Married Canadians: Save on Taxes by Combining Finances appeared first on The Motley Fool Canada.

My friends earn more than me – how do I tell them I can’t afford our plans?

My friends earn more than me – how do I tell them I can’t afford our plans? - Would you really judge your friends if they earned less than you?

Packers QB Jordan Love ties record for NFL's highest-paid player with massive contract

Jordan Love's four-year, $220 million contract extension ties him with Joe Burrow and Trevor Lawrence for the title of the NFL's highest-paid player.

14 Uncommon Hobbies That Turned into Thriving Businesses

Many people dream of turning their passions into profitable enterprises. While some hobbies remain just that, others have the potential

Billionaire Warren Buffett’s 5 top tips for making your fortune

Canada’s housing market summer outlook

The real estate market is constantly changing and as we head into the summer months, experts are beginning to see a number of trends unfold. Real estate agent Anya Ettinger joins Antony Robart to share the impact these trends could have on Canadians.

C$ posts longest losing streak in six years as oil falls

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened for an eighth straight day against its U.S. counterpart on Friday as oil prices fell and after the Bank of Canada cut interest rates further earlier in the week. The loonie was trading 0.1% lower at 1.3835 per U.S. dollar, or 72.28 U.S. cents. Earlier in the session, the currency touched 1.3848, matching the eight-month low that

Rate cut spells some relief for homeowners

Homeowners with variable rate mortgages, and anyone looking to renew or get into a new mortgage, will likely get a better deal after the Bank of Canada cut its key interest rate on Wednesday, according to personal finance expert Rubina Ahmed-Haq. 'They now have a little more wiggle room ... a little extra money,' she said.