The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.
Grandma and grandpa baby boomer to the rescue
All about how U.S. baby boom grandparents plan to use some of their wealth to spoil their young grown-up grandchildren. An interesting perspective on the generational financial divide between the boomers, who benefited from the post-war economic surge, and today’s young adults, who face challenges like high post-secondary education costs, a tight job market, and an expensive housing market.
No housing crisis for us
An argument in infographic form that housing prices will cool but not crash in Canada.
Learning bond basics
Here’s a very good primer on bonds that includes data on bond and stock market returns going back to 1988. You’ll also see what portion of bond returns came from interest payments and what portion came from price changes. Bonds rise in prices when interest rates fall, and they fall in price when rates move higher. Looking ahead a year or two, rates will rise.
A definitive comparison of travel rewards credit cards can be found on the Rewards Canada website. Here’s a link to a version of the chart that has been updated to include a new player, Sears Voyage and new information for RBC British Airways.
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