What the push for open banking could mean for your finances

What the push for open banking could mean for your finances

When Colin Deacon started his career as an investment adviser 40 years ago, he made a point of working with some of the smallest customers – those who’d typically be passed over by the financial services industry. His clients got financial and tax planning advice, help with their small business concerns and investing assistance – … Read more

Are Barry and Beth saving enough to retire at 62, help their kids with down payments and take a big trip soon?

Are Barry and Beth saving enough to retire at 62, help their kids with down payments and take a big trip soon?

Barry and Beth.Tijana Martin/The Globe and Mail At age 52, Barry and Beth are enjoying their peak earning years, bringing in a combined salary of more than $450,000 a year. He works in education, she is a senior executive at an investment firm. They have two children in university. Beth and Barry have a $2-million … Read more

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year already has exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co.’ s equity as to Marko Kolanovic. While more Wall … Read more

High inflation and rising interest rates are a financial opportunity for young people

High inflation and rising interest rates are a financial opportunity for young people

While a Gen Xer planning their last few working years or a boomer already in retirement might be anxious at the prospect of lackluster market returns for a few years, young people have nothing to lose, writes Bridget Casey.Fred Lum/The Globe and Mail The Bank of Canada has raised interest rates four times already in … Read more

Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’

Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’

Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope of getting their funds back. As digital assets crashed, Celsius, which said it had more than 1.7 million users as of June, halted withdrawals since … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

Buying stocks now could bring you pain over the next few weeks.  But you’ll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

US stocks rose, but trimmed earlier gains, as investors focused on positive elements in the quarterly results of Goldman Sachs Group Inc. and Bank of America Corp. in an attempt to build upon upside momentum ahead of the Federal Reserve’s interest rate hike next week. How stocks are trading The Dow Jones Industrial Average DJIA … Read more

Interest rate hikes, housing cooldown and recession fears: The business and investing stories you need to know about this week

Interest rate hikes, housing cooldown and recession fears: The business and investing stories you need to know about this week

A pedestrian walks past condo buildings in the Liberty Village neighborhood in Toronto, Ontario, Canada July 13, 2022.CARLOS OSORIO/Reuters Getting caught up on a week that got away? Here’s your weekly digest of The Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more. Bank … Read more

The highest-yielding stocks on the TSX, plus risk data

The highest-yielding stocks on the TSX, plus risk data

The table below ranks all S&P/TSX companies by indicated dividend yield, according to Bloomberg data. Yield-paying index stocks where no credit rating is available from either Standard & Poor’s and Moody’s are excluded from the table. It is intended as a starting point for further research. We hope the data provided are helpful and credible, … Read more

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Beleaguered crypto lender Celsius files for Chapter 11 bankruptcy

Calling it a “a defining moment,” embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection. In a statement late Wednesday, Celsius co-founder and Chief Executive Alex Mashinsky said the filing in US Bankruptcy Court for the Southern District of New York “is the right decision for our community and company.” “I am … Read more