Articles About Innovation & Technology

The Principles of Interest

Two basic parts of most types of credit account payments are principal and interest. Principal is the amount borrowed, which can mean the price of an item (like a car or house) or the amount of credit used (as in credit cards and credit lines). Interest is the cost the lender charges the borrower to extend credit, which is where some borrowers get confused or pay more than they bargained for.

Best Robo Advisors in Canada: Reviewing the Benefits of Using a Hybrid Approach

You can find some of the best robo advisors in Canada, as Canadians like to use today’s technology to stay ahead with their investments. So, from which companies should you seek guidance? Let’s review three of the best robo advisors – companies that offer a hybrid model when investing.

How to Protect Your HELOC from Rising Rates in 2022

If you have a HELOC, it’s most likely tied to Prime Rate. This means when Prime Rate is low, you benefit from a lower cost of borrowing and lower payments. However, when Prime Rate starts to increase, your cost of borrowing and payments will get higher as a result. And that looks to be happening this year in 2022.

What is a Wire Transfer and How Do I Do One?

Learning more about wire transfers can help you understand more about this process and if it is the right one for you to use. We’ve gathered all of the information you need to make the most informed decision on wire transfers and all that they come with.

How to Open A Bank Account

In Canada, there are many different options available when considering opening up a bank account. Bank accounts are available at all Canadian banks, trust companies and credit unions and they offer individuals a safe and reliable place to keep their money.

Dividend Stocks to Watch

The first step to understanding the concept of dividend stocks is knowing the term’s meaning. So, here we go: dividend stocks are equity of companies that distribute part of their profits to shareholders regularly. Depending on the company, shareholders receive this payment either as cash or additional shares.

How Canada’s Newest SMB Lender Uses Tech to Streamline Funding

One of Canada’s newest small business lenders is using the latest technologies to offer clients a more seamless financing experience, designed to meet the challenges of an uncertain economy.

How to Succeed as a Freelancer

Many people dream of working on their own – of not having to answer to an employer for their daily pay. However, working as a freelancer also carries some risk. Nonetheless, you can find the means today to succeed in a freelance capacity, whether you choose writing, editing, accounting, or providing a similar professional service.

Gary Schwartz, President of the CLA, Is On a Mission to Bring “Open Banking” to Canada

Canada’s lending ecosystem is often viewed through a fragmented lens, where FinTech companies, financial institutions, and “alternative lenders” each play a unique and distinct role. Gary Schwartz, the president of the Canadian Lenders Association (CLA), however, doesn’t quite see it that way.

How to Save Money Fast on a Low Income

Saving money on a normal day isn’t so easy. It is even harder to save when you are living on a low income. But, it is not impossible. In this guide, you’ll see various ways you save money fast on a low income by simply adjusting your lifestyle.

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