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Here’s the Average Canadian TFSA at Age 55
According to a detailed report from Blueprint Financial, the average Tax-Free Savings Account (TFSA) balance for Canadians aged 55 to 59 is around $33,200. The number is well below what financial experts recommend for this age group, as many savers approach the final stretch before retirement. The TFSA balance for those aged 50–54 is around…
Nifty seen moving rangebound amid sector rotation; cautious optimism advised
After a strong move in the week before this one, the Nifty spent the last five sessions largely consolidating in a very defined range. The markets traded with a weak underlying bias and lost ground gradually over the past few days; however, the drawdown remained quite measured and within the expected range. As the markets…
Wall Street ends higher as rate-cut hopes offset Iran war fears
Wall Street rallied on Monday as prospects of the U.S. Federal Reserve cutting interest rates as early as July offset uncertainty about escalating turmoil in the Middle East. All three major U.S. stock indexes closed sharply higher. Consumer discretionary stocks led the sector gainers, with a solid boost from Tesla. “The rally is a bit…
Leading Index for Commercial Real Estate Increased 8% in July
by Calculated Risk on 8/08/2024 03:21:00 PM From Dodge Data Analytics: Dodge Momentum Index Expands Another 8% in July The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased 6.8% and institutional planning expanded 11.1%….
