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News | Globeinvestor | Technology | Vehicles | Careers |
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The Globe and Mail's Smart Money section is dedicated to giving you what you need to manage your personal finances successfully. Smart Money appears every Saturday in The Globe and Mail and on globeinvestor.com.
Pair will see cash crunch unless they focus on investment -- not debt reduction
It should be easy for a Toronto financial services middle manager we'll call Tom to move with his wife -- we'll call her Sally -- from their current struggle to pay the mortgage to a cushy retirement. Tom, 36, and Sally, 32, are raising their children, ages three and eight months, on a combined gross income of $109,000 a year. They save diligently and have no lavish expenses.
A weekly scorecard of some of the lowest and highest rates and yields across Canada.
MORTGAGESThe lowest rates posted for one, three and five year closed mortgages.1-YEAR CLOSED Ukrainian Credit Union3.94PACE Savings and Credit Union3.95Comtech Credit Union 3.99Ont. Civil Service Credit Un.4.15So-Use Credit Union4.20Average rate5.30
Years ago I used to fly airplanes. Later, as an aeronautical engineer, I also designed them. Let me tell you, the two aren't the same.Even if you know how to compute G-forces, it won't help you pilot an airplane. Once the plane goes into a spin, only training and experience count.
A selection of the past week's winners and losers
STARSEldorado GoldEldorado was the top gainer on the SandP/TSX composite this week. We'd like to go on about how great the company's balance sheet is and what not, but eight of the top 10 TSX climbers this week specialize in pulling shiny stuff from the ground. See a trend here?
