Home economics: money problems from childhood can last until adulthood; The tax loss sales season is upon us


Ghosts of past money habits

New research shows that the way your parents handled money as a child could have a lasting impact on your financial experiences in adulthood. Meridian Credit Union found that more than half of Canadians said they carried their childhood experiences with money into their adulthood, while 42% said they felt anxious or nervous about their money. finance in adulthood due to early money experiences.

Grocery bills take a heavy toll on household budgets

Putting food on the table became even more expensive in November, with a United Nations gauge with world food prices rising another 1.2 percent. Some of the factors driving the rise in food prices include bad weather which is hampering crop yields, labor shortages, higher shipping costs and soaring fertilizer prices. Grains and dairy products posted the largest price increases.

Big Canadian banks give their shareholders an early Christmas present

Canada’s largest banks went six for six in distribution dividend increases and share buybacks for investors after the country’s banking regulator lifted its pandemic-era ban on such investor-friendly measures last month. The restrictions were originally put in place to ensure the stability of the financial system during COVID uncertainty.

The tax loss sales season is upon us

It’s that time of year when investors look at their losing bets and decide what to do with them. One thing you can do is turn those capital losses into tax savings, writes personal finance columnist Dale Jackson. Tax loss selling allows you to apply investment losses to capital gains to eliminate some or all of your potential capital gains taxes. Read the entire article to make sure you understand all the rules for tax loss selling.

Polls Find Competing Data on ‘Great Resignation’

The debate on the extent of the so-called “big resignation” induced by the pandemic continues. A recent survey by recruiting firm Hays found that 65% of respondents said they were looking for a job change due to issues related to pay, job satisfaction and general well-being. However, a new Nanos Research Poll, conducted for CTV News, found that about three-quarters of respondents said they really like their jobs and have no plans to change gigs anytime soon.

Poll Finds One in Four Canadians Spent Too Much on Black Friday and Cyber ​​Monday

A survey by FP Canada found that a quarter of respondents spent more than planned on the Black Friday and Cyber ​​Monday sales. Young shoppers struggled the most to stick to their spending plans, the results showed, although FP Canada CEO Tashia Batstone said it’s easy to understand the temptation to spend now that many stores stores have reopened after months of pandemic-related closures.

Tip jar

The number of jobs added by Canadian employers in November, according to Statistics Canada. Economists expected an average job gain of 37,500.


About Author

Comments are closed.