When the novel coronavirus hit Montreal and lockdown measures began, Maddy Mathews got into video games. “I mean, one must do things to cope with having a lot of time,” said the artist, laughing at her choice of pandemic hobby. Idle minds think alike, it seems, because video-game sales have mushroomed since the spring. In […]
This Toronto nurse recently graduated with $50K of debt. He works more than 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it?
Millennial Money is a weekly submission-based series that provides financial advice to millennials in the GTA. Read the full series here. After more than a decade of school, Ali, 28, is $ 50,000 in debt. “It’s a daunting number,” he said. “School was really expensive.” During his studies, Ali took up several part-time jobs and […]
Sick of working from home during COVID? Do it from Barbados, island nation tells pandemic-weary Canadians
The government of a Caribbean island has a tantalizing suggestion for quarantine-weary Canadians: Working from home is a lot more palatable when you’re doing it remotely from a tropical paradise. The Island nation of Barbados has launched something it’s calling a Barbados Welcome Stamp, a one-year working visa that gives foreigners the right to live and […]
There are pod people among us. They come from across the city and congregate near the lakeshore. Inside the pods, their bodies, lithe and slick with sweat, twist and contort with synchronicity, hived-off from the dangers of the pandemic. Like hamsters inside invisible wheels that go nowhere, they do mountain climbers, jacks, burpees, sweating singularly, […]
Tess, 31, is a dentist making $140,000 a year. Now she wants to buy a house to start a family — during a pandemic. Is it the right time?
At 31, Tess has finally finished years of dental school and is pursuing her career as a dentist in Toronto — which offers the high yearly salary of $ 140,000 a year. She recognizes that it should be no problem saving up for a home with income like that, but currently her life is in […]
Washington Nationals left-hander Sean Doolittle plans to play during the upcoming season but said Sunday he would pull out if he felt the situation is taking a toll on his mental health. Doolittle is taking the wait-and-see approach but the unknowns involving the coronavirus pandemic are weighing on his mind. “I think I’m planning on […]
Did you manage to resist selling your stocks during the crash? Good. But now might be the time to do it
Investing in stocks sure feels like a roller-coaster ride these days, but it’s one where you don’t know whether the next stretch of the ride will be up, down or level. First came a dramatic meltdown in stocks starting in late February when major stock indices fell more than 30 per cent in little more […]
Tools The third ingredient are the tools we use to keep demand and supply balanced, and inflation on target. Our main tool is the policy interest rate. When the pandemic hit Canada in March, we lowered the interest rate to 0.25 percent. As businesses reopen, low interest rates will help support spending and borrowing, so […]
Most of us still have a few unanswered questions regarding the transmission of SARS-CoV-2, the novel coronavirus that causes COVID-19. For example, do we know how long people are infectious after transmission? And just how long do microdroplets hang in the air? How careful should be when unpacking our groceries? And then, of course, there’s […]
Ensuring that credit can flow The financial system works best when people, companies, governments and financial institutions such as banks have cash to operate on a daily basis—what’s known as liquidity. In normal times, there is plenty of liquidity to go around. But in a crisis, everyone wants cash, and few want to trade assets. […]