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#personalfinancecanada

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Otter Raft

Wealthsimple TLDR: Mar 24, 2025

lemmy.ca/post/41297954

lemmy.caWealthsimple TLDR: Mar 24, 2025 - Lemmy.ca> 😬 Stocks always go up…right? > THE WEEK IN MARKETS > Everything But America > The markets were mostly flat last week, but the storyline of 2025 has come into clear focus: the resurgence of EBA — Everything But America. Since January 1, U.S. stocks are down 5%, Canadian stocks are up a smidge, and global stocks outside the U.S. are up 9%. During the tech-driven rally of the past few years, investors were so smitten with U.S. tech companies, and so cool on everyone else, that TINA — “there is no alternative” to U.S. tech — became something of a mantra. Now market analysts are hyping up new global tech super-groups with names like the Terrific Ten that stand to rival the Not-So-Magnificent Seven. > > What changed? For one, Trump 2.0 mayhem — his tariff barrage, his plans to gut civil services, his shift away from NATO — alongside cresting fears that U.S. tech stocks have become overvalued. Or, maybe this whole EBA storyline will end up being wrong. We’re only three months into the year, after all, and this is far from the first time global observers have clucked about the end of U.S. dominance. > THE WEEK IN ONE NUMBER > $25 > If every household spent this much on Canadian, rather than American, goods every week, our economy would grow by 0.7% and support 60,000 new jobs.
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Otter Raft

Cryptocurrency’s transparency is a mirage: New research shows a small group of insiders influence its value

lemmy.ca/post/40806174

lemmy.caCryptocurrency’s transparency is a mirage: New research shows a small group of insiders influence its value - Lemmy.caTLDR: meme coin rug pulls, among other issues around centralization > Crypto-believers often blame greedy financiers as the cause of the Great Recession in 2008. But we argue that crypto is not immune to these same risks. > Public blockchains operate on a distributed peer-to-peer network. This network provides each user a complete record of transactions that is updated in real time. Users can send digital cash between themselves without relying on a centralized authority. > > Since each user has a full record of transactions, the system promises full transparency. But our research demonstrates that public blockchains, and the cryptocurrencies that run on them, do not actually replace trust with transparency. > > Speculation, manipulation and market crashes remain very real dangers, regardless of whether the financial system is centralized or decentralized. > Centralization of power in the hands of insiders is still a major issue in the cryptocurrency space. This is particularly an issue for emerging cryptocurrencies like memecoins. Memecoins are a type of cryptocurrency named after internet memes or similar jokes. They draw their value entirely from speculation.
#personalfinancecanada
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Otter Raft

Wealthsimple TLDR Newsletter for March 10 2025: '🏥 Tariff whiplash? We can treat that'

lemmy.ca/post/40558511

lemmy.caWealthsimple TLDR Newsletter for March 10 2025: '🏥 Tariff whiplash? We can treat that' - Lemmy.ca> IN THIS ISSUE 8 min read > 🏦 Bank bluster > 😮‍💨 E-cig empire > 😟 Tariff talk > > One bad week is a blip. Two in a row could be just a minor reversal. But three straight is hard to sugarcoat. Last week the TSX and S&P were both down 3%, the NASDAQ dropped 4%, and the formerly high-flying Magnificent 7 sank more than 5%. Trump has backed off on some tariffs (for now, anyway), but investors are clearly spooked. So is it time to join the sell-off party? We can’t answer that for you! But, as we unpack below, you can always find a reason to sell, and it’s worth noting that stocks have slumped this much 30 times since March 2009. In every case the end felt nigh, and in every case you were better off buying the dip. (see link for full newsletter)
#personalfinancecanada
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Lemmyoutofhere

Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

lemmy.ca/post/40531162

lemmy.caBank of Canada cuts its key interest rate to 2.75% as tariffs roil economy - Lemmy.caCrossposted from https://sh.itjust.works/post/34290159 [https://sh.itjust.works/post/34290159] ----- The Bank of Canada said Wednesday that it is lowering its key interest rate by 25 basis points (bps) to 2.75 per cent. The rate decision is in line with the expectations of the majority of economists tracked by Bloomberg. It’s the central bank’s seventh consecutive rate cut dating back to June of last year. Canada’s headline inflation rate ticked up in January to 1.9 per cent, just below the bank’s two per cent target.
#personalfinancecanada
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A_Kanuck

I am very anxious about not having a job despite actively searching and handing out my resume for around 2 months now and I wonder if I'm doing anything stupid.

lemmy.ml/post/26469128

lemmy.mlI am very anxious about not having a job despite actively searching and handing out my resume for around 2 months now and I wonder if I'm doing anything stupid. - LemmyI’m worried because I never really had a job, and because I need to pay for the bus to go to places (where I absolutely need to go), I fear that I may run out of money and I currently have a minuscule amount. Plus, I really wanted to move out of my parent’s house sometime. So, starting in the beginning of January, I have actively been looking for part-time entry-level jobs (since I’m currently in university and just can’t have a full-time job) at places like Starbucks, McDonalds, TimHortons, grocery stores, and so on, but I never got any replies. I’ve been applying using Indeed, the company’s website, and even walking into the stores. I’ve lost count of how many resumes I’ve given out. Since I’m also studying Computer Science, I figured that I might also apply for programming jobs (which I’m going to also do shortly). However, I figured that the chances of me getting a CS-related job are the same as me getting a minimum-wage job, and I just only want to have a job that pays at least something since it’s better than having no job at all (and plus, I think it will slightly increase my chances of getting a programming job later on). Since I don’t really have a phone (or at least one that I carry around constantly), I’ve purchased a text-only VOIP number and put that on my resume along with my email (which I hope that doesn’t result in my never getting an interview). It’s been like 2 months now and I haven’t heard back. When walking around I’ve also heard people saying that they’re having a similar experience. I am really stressed out because of this. A friend of mine also said that the main reason why I’m not getting any replies back is because I have no previous job experience. I have also noticed that a lot of companies are simply not hiring right now. Am I doing anything stupid?
#personalfinancecanada
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Russell Sawatsky CFP

Nature risk is financial risk.

Rising insurance costs, soaring food prices, and investment risks tied to climate change are already affecting Canadians.

How can you adapt? My latest #MoneyArchitect blog explores strategies for resilience—covering home insurance, energy efficiency, investing, and food security.

Read more: moneyarchitect.ca/nature-risk-

#PersonalFinanceCanada#NatureRisk#FinancialPlanningCanada
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