July 2023 – Canadian Financial Literacy

19 Jul 23

Supply and Demand

Supply and demand are the foundational principles of economics, shaping the way goods and services are produced, priced, and consumed. Understanding these forces is essential for individuals to grasp the dynamics of the market and make informed decisions. In this article, we will explore the concepts of supply and demand,…

19 Jul 23

Market Structures: Econ 101

In the world of economics, markets are where buyers and sellers come together to exchange goods and services. But did you know that markets can take different forms? These different forms, called market structures, impact how businesses compete, prices are set, and consumer choices are influenced. In this article, we’ll…

19 Jul 23

Introduction to Economics

Economics 101 This article offers a brief yet informative introduction to economics. It covers essential concepts like supply and demand, market structures, economic systems, and the government’s role. By familiarizing readers with these foundational principles, the article aims to provide a starting point for understanding the complexities of economics and…

19 Jul 23

Economic Systems

This article offers a brief yet informative introduction to economics. It covers essential concepts like supply and demand, market structures, economic systems, and the government’s role. By familiarizing readers with these foundational principles, the article aims to provide a starting point for understanding the complexities of economics and its relevance…

19 Jul 23

Credit Cards

Credit cards are important because they provide financial flexibility, convenience, and the opportunity to build a positive credit history, which can unlock future financial opportunities and benefits. What is a Credit Card? A credit card is a plastic card issued by a financial institution or bank that allows you to…

19 Jul 23

Credit Score

When it comes to borrowing money, lenders want to assess the level of risk involved before granting a loan. In addition to evaluating the 3 C’s of Credit (character, capacity, capital), one significant factor that heavily influences a lender’s decision is your credit score. In this article, we will demystify…

19 Jul 23

What do Creditors Look For?

Three Cs of Credit – What Lenders Look For These questions are worth looking into as these are what the creditors in often circumstances; banks are asking when evaluating whether or not to offer you credit. They need to know that you are a reliable person to trust with their…

19 Jul 23

Mastering Credit: Your Key to Financial Success

Discover the significance of credit and how it influences your financial opportunities in Canada. Learn practical strategies for establishing and managing credit as a young newcomer, paving the way for a secure financial future. What is Credit and Why is It Important? Credit is the Latin word “Creditum” which means…

19 Jul 23

Understanding Insurance Basics

This article offers a concise introduction to various types of insurance coverage. It emphasizes the significance of protecting one’s financial well-being through insurance and briefly explores key types of coverage such as auto, home, health, life, and liability insurance. By providing a brief overview of each type, readers will gain…

19 Jul 23

Types of Insurance Coverage

Overview of the common types of insurance, including auto, home, health, life, and business insurance. It explains the purpose and importance of each type of coverage, helping readers make informed decisions about their insurance needs. Auto Insurance Auto insurance is a type of insurance coverage that provides financial protection in…