Economy

Need a Cash Surge Quick? Here Are Three Tips

Published

4 years ago

August 18, 2020

With unemployment soaring in regions around the world and uncertainty at an all-time high, many people could use extra cash. It’s harder to make ends meet, and it’s wise to have money saved up for a rainy day.

If you could use a surge of cash, read on for some helpful tips.

Reliable Gold Buyers

Sometimes people have old valuables lying around their home that they haven’t thought about in a while. It could be something you inherited from an old relative or a gift from someone. Whatever the case, if you aren’t using it and it holds no sentimental attachment, consider selling it.

It’s important to find a gold buyer that is reliable, discreet, and offers total transparency about the value of what you’re putting up for sale. Many gold buyers are also interested in luxury watches, silver, coins, or even designer handbags.

If they have been in business for a couple of generations, it’s a sign that they are reliable. It also means they’re likely to have more online reviews. If you have something valuable a gold buyer will want, it’s a quick way to make significant cash.

Online Testing

If you’re looking for a way to make money while keeping socially distanced, testing websites is perfect. Some digital developers need people to test their websites before they officially launch, to probe for snags, bugs, and other things to iron out.

As with all things online, verify the website first to see that it’s legitimate. If you’re looking for a gig you can do in quarantine, this could be it.

Selling on Online Marketplaces

The internet has tons of websites where people are looking to buy popular or obscure second-hand goods. If you have something truly valuable, it’s better to sell it to a gold buyer specializing in luxury goods.

But perhaps you have something that is niche or only has appeal for collectors. It could be sports memorabilia, a movie poster, books, records — if you have something to sell, there is someone out there to buy it! Describe what you’re selling accurately, including whether it’s in bad, fair, or great condition.

Just make sure you sanitize your hands, and that whatever you’re selling has been safely in your home for longer than two weeks. That way, coronavirus can’t possibly live on it.

When you go to make the exchange with the buyer, abide by all the latest medical safety advice in your region. Usually, this means wearing a mask, sanitizing your hands before and after, and remaining socially distanced. The Bank of Canada advises washing your hands often if you’re dealing with cash.

There are many reasons a person may need cash now, but the ways to obtain it have shrunk since the coronavirus paralyzed so much of the world economy. If you need a surge of cash, consider selling the valuables in your home to a gold buyer, testing websites, or selling something you think a collector will want to buy.

Economy

PBO projects deficit exceeded Liberals’ $40B pledge, economy to rebound in 2025

Published

2 days ago

October 17, 2024

Anne Joseph

OTTAWA – The parliamentary budget officer says the federal government likely failed to keep its deficit below its promised $40 billion cap in the last fiscal year.

However the PBO also projects in its latest economic and fiscal outlook today that weak economic growth this year will begin to rebound in 2025.

The budget watchdog estimates in its report that the federal government posted a $46.8 billion deficit for the 2023-24 fiscal year.

Finance Minister Chrystia Freeland pledged a year ago to keep the deficit capped at $40 billion and in her spring budget said the deficit for 2023-24 stayed in line with that promise.

The final tally of the last year’s deficit will be confirmed when the government publishes its annual public accounts report this fall.

The PBO says economic growth will remain tepid this year but will rebound in 2025 as the Bank of Canada’s interest rate cuts stimulate spending and business investment.

This report by The Canadian Press was first published Oct. 17, 2024.

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Economy

Statistics Canada says levels of food insecurity rose in 2022

Published

2 days ago

October 16, 2024

Anne Joseph

OTTAWA – Statistics Canada says the level of food insecurity increased in 2022 as inflation hit peak levels.

In a report using data from the Canadian community health survey, the agency says 15.6 per cent of households experienced some level of food insecurity in 2022 after being relatively stable from 2017 to 2021.

The reading was up from 9.6 per cent in 2017 and 11.6 per cent in 2018.

Statistics Canada says the prevalence of household food insecurity was slightly lower and stable during the pandemic years as it fell to 8.5 per cent in the fall of 2020 and 9.1 per cent in 2021.

In addition to an increase in the prevalence of food insecurity in 2022, the agency says there was an increase in the severity as more households reported moderate or severe food insecurity.

It also noted an increase in the number of Canadians living in moderately or severely food insecure households was also seen in the Canadian income survey data collected in the first half of 2023.

This report by The Canadian Press was first published Oct 16, 2024.

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Economy

Statistics Canada says manufacturing sales fell 1.3% to $69.4B in August

Published

3 days ago

October 16, 2024

Anne Joseph

OTTAWA – Statistics Canada says manufacturing sales in August fell to their lowest level since January 2022 as sales in the primary metal and petroleum and coal product subsectors fell.

The agency says manufacturing sales fell 1.3 per cent to $69.4 billion in August, after rising 1.1 per cent in July.

The drop came as sales in the primary metal subsector dropped 6.4 per cent to $5.3 billion in August, on lower prices and lower volumes.

Sales in the petroleum and coal product subsector fell 3.7 per cent to $7.8 billion in August on lower prices.

Meanwhile, sales of aerospace products and parts rose 7.3 per cent to $2.7 billion in August and wood product sales increased 3.8 per cent to $3.1 billion.

Overall manufacturing sales in constant dollars fell 0.8 per cent in August.

This report by The Canadian Press was first published Oct. 16, 2024.

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