The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
The first person to live to 150 is alive today
That’s the message in a recent ad campaign from a U.S. investment firm that figures in this blog post on how longer lifespans impact the amount you need to save for retirement.
What’s ahead for mortgage rates
The RateSupermarket.ca mortgage rate panel sees higher rates coming for fixed rate mortgages. The reason is the recently announced change to lender mortgage guarantees through Canada Mortgage and Housing Corp.
The restaurant that banned tipping
Does tipping encourage good service? Maybe not. According to one restaurant owner, service improved and profits rose after he eliminated tipping and instead added a straight 18-per-cent service charge to all bills.
Seeing past the stock market froth
A retired investment manager uses the analogy of a bathtub to explain how the economy works, and what’s ahead for the stock markets (he’s a long-term optimist).