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January 29, 2013

Bears continue to line up behind BlackBerry's release

Talk about a long wait. After numerous delays, Research In Motion is finally set to show the world its next-generation BlackBerry 10 operating system and its first new BlackBerry in almost two years.

A hit would inject new life into RIM, while a tepid response could sound the death knell for a Canadian icon that's been shunted aside by the likes of Apple and Samsung. 

Investors have been betting on the former, evidenced by the fact that the company's stock price has more than doubled since last fall, though it's still nearly 90% below its 2008 peak of $147.

Scotiabank's Gus Papageorgiou thinks it can go higher, providing about a third of current subscribers upgrade and the company can get 4 million new users overseas, especially in countries where the BlackBerry has remained popular.

Ovum analyst Jan Dawson doesn't see that happening, however.

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November 13, 2012

Men and women differ when it comes to holiday spending: report

While shoppers may decide to opening their wallets a little wider this holiday season, they’re still interested in getting a bargain.

SaleBut just what constitutes a deal seems to differ sharply when it comes to gender. The research found that men and women have varying wish list priorities, although gift cards and money top both lists.

According to Discover, Mars and Venus shoppers are ...

* setting a limit, and checking it twice: 53% of women have set a budget for the holiday season and plan to spend $885 dollars, on average. Men expect to spend about two thirds of that.

* spending more on their children: Twice as many women, 56% compared to 28%, will spend the most on their children.

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August 16, 2012

Do prepaid smartphone plans make any sense?

The number of smart-phone users electing to skip those locked-in contracts and instead go with a prepaid plan is on the rise, according to data from the research firm NPD Group.

In the United States at least, sales of subsidized handsets combined with a locked-in contract from big providers like Verizon have been fairly flat.

That makes prepaid phone plans a better deal for many people, who may be able to save hundreds of dollars rather than sign up for a mid-term contract plan, according to the New York Times.

The biggest drawback of going prepaid will be that you'll probably end up paying substantially more for your phone than if you had obtained it with a three-year contract. Overall though, you may still be better off. 

Instead of 'Let's look for the free phone' (which is never free) that means switching to 'Let's think about the total cost of ownership.'

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March 03, 2011

12 frugal apps that can save you money

From where I sit, the words frugal and smartphone don’t really fit in the same sentence.

As anyone who has bought one can tell you, the cost of a smartphone is more than just the initial price of the device. You also have hefty monthly payments to deal with, for voice minutes, text messages, and of course, lots and lots of data.  

So, the frugal choice is probably to simply do without. But, once you’ve got one, you might as well as use it the hilt.

And that means tapping into a few of the zillion apps available – many of which are designed to help thrifty consumers save money, says blogger Laurel Gray on Jason White’s Frugaldad blog, which chronicles his attempts to reduce debt and get more bang for his dollars.

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...