Money Matters

Gold soars to record high amid market uncertainty

After the massive crash of U.S. stocks on Monday, gold is trading higher than ever, finishing at $1,782.50. The Dow Jones made a slight recovery after falling 634.76 points on Monday, but...

Stock market volatility has B.C. businesses on edge

The recent downturn in US and global stock markets has Canadian economists worried. This recent economic crisis, which originally ensued from the US losing its AAA credit rating from S&P, raises...

Facts catch up to smoke and mirrors

Statistics Canada released its quarterly jobs report today. The underlying story is one of overall weakness in Canada's labour force. The unemployment rate fell three-tenths of a point to 7.6 per...

Not too young for success

When Phoebe Jiang found herself losing track of the group discounts offered by sites like GroupOn and ethicalDeal, she and three friends came up with an idea. Their concept was simple, their plan...

Top 10 tips for a financially secure retirement

Creating a financially secure future can be a daunting prospect, particularly in the midst of a recession. But adopting an avoidance strategy for retirement savings is hardly a money-savvy move. No...

Will your student loans be affected by increased interest rates?

Yesterday, I asked how the Bank of Canada's decision to raise interest rates would affect student loans. Terry Wong, Vice President, Treasury and FX, at Vancity Group was able to provide ...

Interest rates go up. Will it affect students?

The Bank of Canada increased its interest rate by one-quarter of a percentage point to 1 per cent today, but indicated that the rate would not be raised again without clear signs of  economic...
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