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Credit card debt is down in Canada — but household debt is up

Credit card debt is down in Canada — but household debt is up

CBC23-06-2025
Mark Ting, a partner with Foundation Wealth and On The Coast's personal finance columnist, says that while credit card debt going down may seem like a good thing, he's seeing borrowers tack on their debt to larger loans like mortgages. He shares tips on how to manage your debts and credit cards amid financial uncertainty.
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Prediction: Nvidia Can Hit a $5 Trillion Market Cap This Year
Prediction: Nvidia Can Hit a $5 Trillion Market Cap This Year

Globe and Mail

time2 hours ago

  • Globe and Mail

Prediction: Nvidia Can Hit a $5 Trillion Market Cap This Year

Key Points Nvidia became the first stock to hit a $4 trillion market cap. The company continues to be the dominant player in AI infrastructure. The stock has a clear path to hit $5 trillion by the end of the year. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) isn't just leading the artificial intelligence (AI) infrastructure boom: It is the boom. Its graphics processing units (GPUs) have become the backbone of AI data centers, while its CUDA software has helped create a huge moat around its business. Over the past two years, data center revenue has exploded by more than 9x, going from $4.3 billion to $39.1 billion. For a company of Nvidia's size, that kind of growth is almost unheard of. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » That momentum has pushed Nvidia past the $4 trillion market cap mark, which is an extraordinary accomplishment. It's also done it quickly, jumping from $1 trillion to $4 trillion in just over a year. At this point, I think predicting that the company will hit $5 trillion by year-end isn't much of a stretch. It's only about a 25% gain from here, and the setup remains strong. Nvidia's valuation is still reasonable. While its forward price-to-earnings (P/E) ratio has crept up to 38 times based on this year's analyst estimates, its forward price/earnings-to-growth (PEG) ratio is just more than 0.8, with PEGs below 1 signaling a stock is undervalued. Meanwhile, investors will soon start to turn to 2026 estimates when looking at valuations, and the stock trades at only a 28.5 P/E ratio and less than a 0.8 PEG on next year's analyst consensus. A 25% increase in Nvidia's stock price is getting you to around a 35.5 times P/E and a 1 PEG, which would still be reasonable. The CUDA moat Nvidia's biggest advantage comes from its CUDA software platform. GPUs were originally designed to speed up graphics rendering in video games. However, Nvidia saw a bigger opportunity and built CUDA as a way to let developers program its chips for other purposes. Although GPU usage for other tasks didn't take off immediately, Nvidia smartly pushed CUDA into universities and research labs, which is where early AI work began. That long-term bet eventually paid off in a big way. CUDA became the platform that developers learned to program GPUs on, and the more it was used, the more tools were built for it. That network effect helped Nvidia extend its lead, and last quarter it captured a 92% market share in GPUs, largely due to CUDA. AMD 's ROCm software platform has improved, but it's still miles behind in terms of ease of use, documentation, and developer support. Data center demand isn't slowing down Nvidia's core market remains AI training and inference, and the demand for its chips shows no signs of easing. Companies are spending aggressively to build out large language models, while cloud computing companies and other hyperscalers (companies with massive data centers) are racing to scale out their infrastructure. Nvidia, meanwhile, is the company powering this buildout. Nvidia's CEO Jensen Huang has predicted that data center spending tied to AI will exceed $1 trillion by 2028. Not all of that will go to Nvidia, but given its leadership in GPUs, the company is well positioned to take a big piece. It also continues to innovate at a rapid pace. Its chip release cycle has sped up, with new architectures set to be introduced every year instead of every two. That should help lock in its lead and keep it ahead of rivals. Even if data center growth slows from here -- and at some point it will -- Nvidia still has more levers to pull. Data centers aren't its only growth engine. The company's auto business is gaining traction. Last quarter, auto revenue surged 72% to $567 million. That's a fraction of its data center business, but Nvidia expects it to hit $5 billion this year. The ramp-up in the auto sector is coming from robotaxis and smart vehicles. Alphabet 's Waymo uses Nvidia chips in its robotaxi fleet, and it's now running more than 250,000 paid rides per week. That's just the start. Mercedes, Toyota, and Volvo are all using Nvidia's DRIVE platform for advanced driver assistance and autonomy. General Motors and Hyundai, meanwhile, are using Nvidia technology in their smart factory initiative. Nvidia projected in 2022 that its auto opportunity could reach $300 billion. Given the advancements in autonomous driving, that number doesn't look farfetched. Is the stock a buy? With the stock already hitting a $4 trillion market cap, a move to $5 trillion is well within reach. That's a solid 25% return from current levels, which would still make the stock a buy. As long as AI infrastructure spending continues to ramp up, Nvidia is a stock you want to own. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, and Nvidia. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy.

SILVER ONE COMMISSIONS GROUND GEOPHYSICAL SURVEY ON ITS PHOENIX SILVER PROJECT, ARIZONA
SILVER ONE COMMISSIONS GROUND GEOPHYSICAL SURVEY ON ITS PHOENIX SILVER PROJECT, ARIZONA

Globe and Mail

time2 hours ago

  • Globe and Mail

SILVER ONE COMMISSIONS GROUND GEOPHYSICAL SURVEY ON ITS PHOENIX SILVER PROJECT, ARIZONA

VANCOUVER, BC , July 14, 2025 /CNW/ -- Silver One Resources Inc. (TSXV: SVE) (OTCQX: SLVRF) (FSE: BRK1) ("Silver One" or the "Company") is pleased to announce that it has engaged Zonge International, Inc., to conduct a ground geophysical Induced Polarization (IP) and Magnetotelluric (MT) survey on its 100% owned Phoenix Silver project in Arizona . Both IP and MT are effective electrical geophysical methods useful to detect underground metallic minerals, especially disseminated sulfides, and structures that may be host to mineralization. This is especially important in the southern portion of the property where previous magnetic and ZTEM surveys, in combination with multiple select high-grade copper and silver samples are suggestive of a copper-silver system at depth ( See Figures 1 and 2 and news release of February 20, 2025 ). Owing to safety reasons related to fire hazard in the project's area, the survey will be scheduled as soon as Forest Service fire restrictions are lifted. The planned survey consists of 50-line km of ground IP and MT over robust copper targets. These targets were identified using Geotech's targeting algorithm that combines several datasets including, resistivity derived from the ZTEM survey, magnetic features, geology, structure, mine sites and copper showings (see Company's news release of February 20, 2025 and Figures 1 and 2). These targets have never been drill tested, and their importance is highlighted by their location along the north-eastern portion of the prolific Miami-Inspiration copper belt, which hosts Rio Tinto-BHP's Resolution deposit to the southwest and BHP's Ocelot discovery to the northeast (Figure 1). The IP and MT survey will target vertical depths of 600 metres and 1,500 metres respectively. This survey, in conjunction with previous field investigations, will allow the Company to define and prioritize targets for future drilling. Silver Exploration The company plans to continue with further evaluation of silver targets, especially the 417 area and the long northeast-trending train of silver nuggets located in the northern part of the property. A detailed gravity survey is planned over the 417 area drilled in 2024 to assist in defining the location of massive silver bodies (see Company's news release of February 24, 2025 and Figure 2) and guide future drilling. At the Nuggets North area, planned work includes mapping, sampling, and trenching subject to Forest Service permitting. Candelaria Project Update The Company is also pleased to announce that work at the Candelaria project is on schedule, continuing with metallurgical investigations to optimize silver and gold recoveries, and a Preliminary Economic Assessment study (PEA) scheduled to be completed by the end of the year. Qualified Person The technical content of this news release has been reviewed and approved by Robert M. Cann , P. Geo, a Qualified Person as defined by National Instrument 43-101 and an independent consultant to the Company. About Silver One Silver One is focused on the exploration and development of quality silver projects. The Company holds a 100% interest in its flagship project, the past-producing Candelaria Mine located in Nevada . Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits. The Company owns 636 lode claims and five patented claims on its Cherokee project located in Lincoln County, Nevada , host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike. Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the "Arizona Silver Belt", immediately adjacent to the prolific copper producing area of Globe , Arizona. For more information, please contact: Silver One Resources Inc. Gary Lindsey - VP, Investor Relations Phone: 604-974‐5274 Mobile: (720) 273-6224 Email: gary@ Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silver One cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Silver One's control. Such factors include, among other things: risks and uncertainties relating to Silver One's limited operating history, ability to obtain sufficient financing to carry out its exploration and development objectives on its mineral properties, obtaining the necessary permits to carry out its activities and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Silver One undertakes no obligation to publicly update or revise forward-looking information.

Bitcoin Just Hit a New Record High. 5 Reasons It Could Soar Even Further in the Second Half of 2025.
Bitcoin Just Hit a New Record High. 5 Reasons It Could Soar Even Further in the Second Half of 2025.

Globe and Mail

time3 hours ago

  • Globe and Mail

Bitcoin Just Hit a New Record High. 5 Reasons It Could Soar Even Further in the Second Half of 2025.

Key Points Bitcoin has hit a new high, and it has several tailwinds that could keep the momentum going. The political climate should continue to benefit Bitcoin, especially if the Genius Act is passed. Bitcoin ETF inflows have been growing and recently surpassed $50 billion total. 10 stocks we like better than Bitcoin › Just two months after reaching an all-time high, Bitcoin (CRYPTO: BTC) has done it again. The leading cryptocurrency surpassed $115,000 on July 10, continuing a remarkable run. It's up 25% in 2025 at the time of this writing (July 10) and 1,150% over the last five years. Because of how volatile Bitcoin is, predicting where the price will go next is effectively impossible. But there are several reasons it could reach even greater heights over the second half of the year. 1. A crypto-friendly political landscape The Trump administration has been good for the cryptocurrency market so far. President Donald Trump's pick for Securities and Exchange Commission (SEC) Chair, Paul Atkins, has said that the SEC should focus on advancing innovation in the marketplace. Under his leadership, the SEC has dropped multiple crypto lawsuits, including cases against Coinbase, Binance, and Ripple, the company behind XRP. In March 2025, Trump signed an executive order to start the U.S. Strategic Bitcoin Reserve, a stockpile of the Bitcoin owned by the U.S. government. Arizona and New Hampshire have passed legislation for their own state-level Bitcoin reserves. Over the second half of the year, we could see the passage of the Genius Act, a bill to regulate the stablecoin industry. The U.S. Senate passed it on June 17, and a House vote will be next. Even though the Genius Act doesn't directly involve Bitcoin, any major crypto regulation could help the industry gain legitimacy and attract more investors. 2. Increased investment in Bitcoin ETFs The first Bitcoin exchange-traded funds (ETFs) received SEC approval in January 2024, making Bitcoin more accessible to institutional and retail investors. Bitcoin ETFs have seen a surge in investments since April, and they crossed $50 billion in net inflows on July 10, according to data from Farside Investors. While Bitcoin ETF inflows and outflows fluctuate, the cryptocurrency's excellent performance should help it continue to draw interest. Standard Chartered, a British bank, has predicted that Bitcoin will reach a price of $200,000 by the end of the year and that ETF inflows will be a significant part of its growth. 3. Lower interest rates Interest rates affect the stock, bond, and crypto markets, as a decrease in the cost of borrowing money tends to drive investment. In the past, low-interest-rate environments have coincided with bull runs for Bitcoin, most notably in 2020 and 2021. Rate cuts can also lead to inflation, and one of the reasons people invest in Bitcoin is as a hedge against inflation. Analysts are expecting the Federal Reserve to cut rates during the second half of this year. CME FedWatch, a tool that measures market expectations, currently puts the odds of a September rate cut at about 68%. Goldman Sachs economists are penciling in rate cuts of 25 basis points (0.25%) in September, October, and December. Any rate cuts will likely be a tailwind for Bitcoin. 4. A weaker U.S. dollar Another factor that affects Bitcoin is the value of the U.S. dollar. Generally, Bitcoin and the dollar have been inversely related. When the dollar declines, Bitcoin increases in price, because it's seen as a better store of value. The U.S. Dollar Index (DXY) is already down 10% on the year, largely due to economic uncertainty related to the Trump administration's import tariffs. If the Fed decides to cut interest rates, the dollar could decline even more. Although I'm hoping the dollar rebounds, there's a strong possibility it will keep dropping, which could be beneficial for Bitcoin. 5. Investments from Bitcoin treasury companies A recent development in the crypto space is the rise of Bitcoin treasury companies. These companies use debt or stock shares to raise money and buy Bitcoin that they then hold on their balance sheets. MicroStrategy is the most well-known example, with over 597,000 Bitcoin, but 125 public companies were holding Bitcoin in the second quarter of 2025. Those companies purchased a record high of 159,107 Bitcoin, a 23% increase from the previous quarter. Considering how much Bitcoin has grown, it wouldn't be a surprise to see more businesses investing in it. Despite Bitcoin's recent success, and those potential tailwinds over the second half of 2025, it's still a risky asset. As seen before, the price could plummet at any time. If you invest in Bitcoin, the safest approach is to only make it a small portion of your investment portfolio and to be ready to ride out the ups and downs. Should you invest $1,000 in Bitcoin right now? Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025

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