Saturday, August 29, 2026 — Your quick rundown of the Canadian financial news that actually affects your wallet. 1. TSX Slides 280 Points as Fed Chair Warsh Talks Tough on Inflation The S&P/TSX composite dropped 280.33 points Friday to close at 36,553.92, even after Statistics Canada reported the economy grew at a blistering 3.3% annualized pace in Q2 — the fastest in more than three years. The pullback came after new U.S. Federal Reserve Chair Kevin Warsh used his first Jackson Hole keynote to warn that inflation "isn't slowing significantly" and that the Fed still has "work to do," reviving September rate-hike chatter south of the border. Gold miners got hit hardest as gold itself plunged more than $130 an ounce to close near $4,530, and Wall Street closed mixed-to-lower on the news. What it means for you: A hawkish Fed doesn't directly move Bank of Canada policy, but it does keep upward pressure on bond yields — the same yields that price fixed mo...
How to Avoid Breaking the Bank This Holiday Season
The holiday season is a time of joy, celebration and generosity, but it can also be a time of stress, anxiety and debt. If you are worried about overspending and ruining your budget, here are some tips on how to avoid breaking the bank this holiday season.
1. Set a realistic budget and stick to it. Before you start shopping, make a list of all the expenses you expect to have, such as gifts, food, travel, decorations and entertainment. Then, allocate a specific amount of money for each category and track your spending as you go. Try not to use credit cards or loans to cover your expenses, as they will only increase your debt and interest payments.
2. Shop smart and compare prices. Don't buy the first thing you see or fall for impulse purchases. Do some research online and compare prices from different stores and websites. Look for discounts, coupons, sales and free shipping offers. You can also use apps and tools that help you find the best deals and save money.
3. Be creative and make your own gifts. Homemade gifts are not only cheaper, but also more personal and meaningful. You can use your skills and talents to create something unique and special for your loved ones, such as baked goods, crafts, art, jewelry, photos or videos. You can also offer your time and services as a gift, such as babysitting, cooking, cleaning or tutoring.
4. Plan ahead and avoid last-minute shopping. Last-minute shopping can lead to stress, panic and overspending. To avoid this, start planning and shopping early, preferably before December. This way, you will have more time to find the best deals, avoid crowds and shipping delays, and enjoy the holiday spirit.
5. Remember the true meaning of the holiday season. The holiday season is not about how much money you spend or how many gifts you give or receive. It is about spending quality time with your family and friends, expressing your gratitude and appreciation, and celebrating your traditions and values. Don't let the pressure of consumerism ruin your happiness and peace of mind.
Comments
Post a Comment