Arexl – Page 5 – arexl.com

Jun82026 by ArexlNo Comments

Imported Article – 2026-06-08 15:14:49

INVESTING

Have you come across the term Norbert’s Gambit? This strategy, popularized by Norbert Schlenker, is designed to convert Canadian dollars (CAD) to U.S. dollars (USD) and vice versa with minimal currency exchange fees. It is especially beneficial for individuals looking to exchange large sums of USD, whether for investing in U.S.-listed stocks or purchasing property in the United States. Traditional methods of transferring money could lead to significant fees, costing you hundreds or even thousands of dollars, which is certainly something to avoid. While Norbert’s Gambit may appear complex to newcomers in the investment world, the execution is relatively simple once you establish the necessary accounts. There’s even an exchange-traded fund (ETF) specifically created for this purpose, making...

Jun82026 by ArexlNo Comments

16 Top Remote Job Opportunities in Canada

PERSONAL FINANCE

The elimination of daily travel, reduced wardrobe expenses, and the freedom to work from home (even in pajamas, if preferred) are just a few advantages of remote jobs in Canada. Initially, securing work-at-home opportunities in Canada was quite challenging. However, the COVID-19 pandemic transformed this landscape significantly. In 2020, a large number of businesses shifted their employees to remote work to help mitigate the spread of the virus. By May of that year, around 37% of Canadians were working from home, according to Statistics Canada. Although this figure decreased to 22% by December 2021, many employers recognized that workers could be just as productive when operating remotely from their residences. If you’re exploring remote or online job options—whether as a stay-at-home pa...

Jun82026 by ArexlNo Comments

Connecting Tangerine to EQ Bank: A Guide

BANKING

EQ Bank has established itself as a noteworthy online banking option over the past few years. Many people are increasingly recognizing EQ Bank's appealing features, particularly its competitive everyday interest rate of 2.00%*, which stands as one of the most attractive rates available from any financial institution. In contrast, Tangerine does offer specific promotions that allow customers to earn rates exceeding 2.00%. It's evident that Canadians are keen to switch their savings to the accounts with the highest yields, leading to a trend of transferring funds to wherever the best rates can be found. While some might view the effort to pursue marginally higher interest as excessive, seeking the best possible returns is certainly sensible. Interestingly, you can now link your Tangerine a...

Jun82026 by ArexlNo Comments

American Express Gold Rewards Card: Earn Up to 70,000 Points

CREDIT CARDS

If you're in the market for a review of the American Express Gold Rewards Card, you're in the right place. While this card does feature a higher annual fee compared to its competitors, the advantages it offers are often viewed as superior. Unique to this card is its metal construction, available in two distinct colors: Gold and Rose Gold. The American Express Gold Rewards Card stands out as a reliable option among mid-tier travel rewards credit cards. It generally provides an attractive welcome bonus, a favorable earning rate, and significant perks. In essence, this card can be likened to a more user-friendly version of the American Express Platinum Card. For a comprehensive analysis, read through my detailed review of the American Express Gold Rewards Card. American Express Gold Re...

Jun82026 by ArexlNo Comments

Managing Your Finances After Marriage: 3 Key Steps

BANKING

I became more serious about my finances when I proposed to my wife nine years ago. The process of saving for the engagement ring was significant, and I quickly realized that plenty of expenses would arise as we began planning our wedding. Luckily, my wife and I shared similar views on money management; however, many couples fail to discuss their finances prior to marriage. I know that engaging in financial discussions with your partner can be challenging, but it's essential once you're married. Many aspects of your financial life should be shared, and if you treat expenditures as separate, it may lead to complications in the future. Here are four essential financial steps to take after tying the knot: Define your financial objectives You might assume that marrying someone would mean ...

Jun82026 by ArexlNo Comments

American Express Cobalt Card Review

CREDIT CARDS

If you’re seeking a credit card in Canada that accumulates points swiftly, the American Express Cobalt is a top contender. It features remarkable earning rates across various categories. When paired with the exceptional flexibility of the American Express Membership Rewards program, it creates an ideal combination for reward seekers. While some may find that American Express is not widely accepted at every retail location, the actual acceptance rate is likely higher than you might think. In most of the places I frequent, there are only a few merchants where American Express is not accepted. Check out my review of the American Express Cobalt to discover why this card might be the right fit for you. American Express Cobalt Card ...

Jun82026 by ArexlNo Comments

Understanding Home Equity Lines of Credit

INVESTING

Homeowners may find themselves asking about a home equity line of credit (HELOC). If you’re considering borrowing for home renovations, significant purchases, or other expenses, your home can be a great asset. One of the advantages of owning a home and accumulating equity is that it enables you to take out loans. A common method of leveraging this equity is through a home equity line of credit. Understanding a Home Equity Line of Credit A home equity line of credit, often known as HELOC, is a secured form of credit where a mortgage lender permits you to borrow funds against the equity you've built in your home, using it as collateral. This means you have a commitment to repay the borrowed amount within the terms set by your lending agreement. There are two primary types of HELOCs: one l...

Jun82026 by ArexlNo Comments

Managing Your Money While Living at Home Debt

BANKING

Not long ago, a reader named Suzette expressed interest in a post oriented towards an Asian audience, pointing out that many Asians tend to live at home without paying rent until they marry, often with parents funding their education. As someone who embodies this experience, I completely resonated with her observation. However, it's important to clarify that this article is not exclusively focused on Asians. Numerous cultures share similar values. This discussion is aimed at anyone who has had their education financed, carries no debt, and lives rent-free. If this describes your situation or something similar, you might find this information valuable. Establish Your Financial Goals Reflecting on my early career, I can admit to wasting a considerable amount of money without a clear pur...

Jun82026 by ArexlNo Comments

Review of EQ Bank Retirement Savings Plan

INVESTING

I have been a huge admirer of EQ Bank since their entry into the financial landscape, particularly due to their appealing interest rates. However, I was initially disappointed that they lacked a Retirement Savings Plan (RSP). Thankfully, this concern has been addressed with the recent launch of the EQ Bank Retirement Savings Plan. The RSP operates under a structure similar to the Savings Plus Account, offering a straightforward account that provides an attractive interest rate without any monthly fees. Check out my review of the EQ Bank Retirement Savings Plan for detailed insights into this account. Key Features of the EQ Bank RSP RRSP Savings Account 3%* base interest rate RRSP GIC options The EQ Bank RSP is quite straightforward, featuring two main aspects. You can deposit funds i...

Jun82026 by ArexlNo Comments

Scene+ Guide: Previously Scotia Rewards

PERSONAL FINANCE

Previously, Scotia Rewards and SCENE operated as separate entities, but they have now combined their offerings to form Scene+. This strategic move by Scotiabank aims to draw in more participants to their loyalty program by enhancing the rewards landscape. Understanding the mechanics of any rewards program is crucial for maximizing your points. While Scene+ does not provide any secret hacks, some redemptions hold greater value than others. To accelerate your accumulation of Scene+ points, ensure you're using the right credit card. This guide covers all the essential information about Scene+, including the evaluation of a Scene+ point. Value of Scene+ Points To redeem travel rewards, 1,000 Scene+ points equate to $10, thus assigning a value of 1 cent per Scene+ point. Regrettably, des...