In 2024, Canadians can receive a maximum of $1,364.60 per month from Old Age Security (OAS). This amounts to approximately $16,375.20 per year. However, the exact amount a retiree receives may vary based on their income level, residency, and how long they’ve lived in Canada after the age of 18. And many simply cannot max…
Image source: Getty Images For new investors, there’s a game-changing way to invest with minimal cost – $0 trading fees on platforms like Wealthsimple. By avoiding hefty fees, you can boost your investment returns. Here are three TSX stocks I’d snap up in a heartbeat today. Why TD Bank stock is a must-buy right now…
With the second half of the year now well underway, there is plenty of anticipation for what’s to come, especially with interest rates now on the decline in Canada and soon to be reduced south of the border. Higher interest rates have weighed on stocks across various sectors in recent years, meaning a lowering of…
The artificial intelligence megatrend is here to stay, which suggests the time is ripe for investors to take advantage of a rapidly expanding addressable market. In this article, I have identified two cheap dividend stocks as part of the AI gold rush that are poised to deliver outsized gains to investors in the upcoming decade….
It’s always interesting to see how much savings individuals and households have when they are close to retirement. This information can tell us whether the savings are enough for retirees to lead comfortable lives. The average retirement age in Canada is 65, and according to a Ratehub report, the average 65-year-old has around $129,000 in…
It’s no secret that one of the best ways to put your hard-earned money to work is to invest for the long haul. Of course, you also want to buy the highest quality stocks possible and only invest in companies that you understand well. However, if you’re not buying these growth stocks, value stocks or…
Image source: Getty Images. Last week, the Bank of Canada reduced interest rates by 0.25% to 4.75%, making it the first central bank in the G7 to initiate an easing cycle. Moreover, regulators emphasized that they might lower interest rates further if inflation is less than 2%. It’s evident that the path to lower interest…