May 14 roundup - MoneySense

May 14 roundup

On mobile payments, Toronto’s caviar condo boom, retirement needs and the top three ways to buy bonds.


•Canadian banks have outlined a plan to enable consumers to pay for goods by tapping their smartphones. Mobile payments are already in use in parts of Europe and the U.S.

Caviar condos are expected to flood Toronto’s real estate market as the biggest names in the luxury hotel business such as Four Seasons, Ritz Carlton, Trump and Shangri-La  open hundreds of units in Canada’s largest city.

•A new poll by Manulife has found the only thing more being debt-free in retirement is being in good health. Nine in 10 homeowners in Canada’s three prairie provinces say being debt-free is very important to a successful retirement.

•What is the best way to buy bonds? Retire Happy Blog walks you though the top three ways depending on your needs.