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Podcast 5: Master Class with the Millionaire Teacher + MORE Feb 8th
My newest podcast features an interview with Andrew Hallam, author of Millionaire Teacher, a compelling introduction to building wealth through smart saving and disciplined investing.
Andrew grew up in Canada, but he’s a citizen of the world. He spent several years as a teacher at the Singapore A.... More »
Trudeau, ministers to discuss Alberta’s reeling economy during cabinet retreat + MORE Apr 24th
KANANASKIS, Alta. – Justin Trudeau and his 30 ministers have arrived at a luxury mountain resort in Alberta for a cabinet retreat.
The prime minister says the retreat will focus on the “challenges and opportunities” facing the province, which is reeling economically from the plunge.... More »
How fund managers deal with career risk, why it's time to sell this rising miner, and a new ETF player + MORE Aug 18th
A roundup of investment ideas for active investors
.... More »
Swiss Lonza buys US diet supplement supplier InterHealth + MORE Aug 15th
BERLIN – Pharmaceutical supplier Lonza of Switzerland says it is buying InterHealth Nutraceuticals, Inc., a California-based company that makes ingredients for use in dietary supplements, in a deal worth up to $300 million.
InterHealth, a portfolio company of Kainos Capital, is based in Benici.... More »
Want to save money on auto insurance? Buy winter tires, say experts Oct 22nd
With the wrong rubber on cold, wet, snowy or icy roads, you’re not only risking life and limb, you’re playing with financial fire, say experts..... More »
How to get a better divorce settlement
– moneysense.ca
Divorces are tricky business and have plenty of emotional—and financial—implications for all involved. Who’s getting custody? Who’s getting the house? And where have they hidden the keys to the cottage? No matter how great an attorney you have, it might be useful to have a financial planner on hand to sort through and help you understand the tax and money issues that come up during the process of separation, say the experts at Advisor.ca:Collaborative law is an approach that uses “interest-based” negotiation. In contrast to the traditional approach, which often yields only losers, collaborative law aims to create a win-win result for clients.
Increasingly, financial planners have become an important part of the negotiating team in out-of-court divorce settlements. Collaborative Practice Toronto suggests advisors can help clients by:
• identifying, clarifying, and prioritizing financial needs and concerns (needs during or after the legal process);
• determining adequate budget and financial arrangements for the children’s changing needs; and
• contrasting and comparing different settlement scenarios, and empowering spouses to make fully informed financial decisions…
Fed survey finds US economy still expanding
– canadianbusiness.com
WASHINGTON – The Federal Reserve said Wednesday that the economy kept expanding in late February and March, despite weakness in the energy sector and a slowdown in exports of some factory and farm products because of global weakness and the strong dollar.
The Fed’s latest survey of business conditions in its 12 districts found that consumer spending was rising modestly and wages were increasing in all districts except Atlanta. Fed officials are hoping to see a pickup in wages after a prolonged period of weak wage growth following the Great Recession.
The survey, known as the Beige Book, will be considered at the Fed’s next meeting on April 26-27.
Economists expect the Fed to keep its benchmark policy rate unchanged in a range of 0.25 per cent to 0.5 per cent. The Fed boosted the rate by a quarter-point in December after keeping it at a record low near zero for seven years.
It kept rates unchanged in January and March, preferring to see what the fallout of a spreading global slowdown and turbulent financial markets would be on the U…
The Fed’s latest survey of business conditions in its 12 districts found that consumer spending was rising modestly and wages were increasing in all districts except Atlanta. Fed officials are hoping to see a pickup in wages after a prolonged period of weak wage growth following the Great Recession.
The survey, known as the Beige Book, will be considered at the Fed’s next meeting on April 26-27.
Economists expect the Fed to keep its benchmark policy rate unchanged in a range of 0.25 per cent to 0.5 per cent. The Fed boosted the rate by a quarter-point in December after keeping it at a record low near zero for seven years.
It kept rates unchanged in January and March, preferring to see what the fallout of a spreading global slowdown and turbulent financial markets would be on the U…
The federal agency tasked with curbing money laundering has been stepping up its efforts to educate real estate agents about their obligations to monitor and report suspicious transactions, documents show.
BoC holds key interest rate, upgrades growth forcast
– moneysense.ca
OTTAWA – The Bank of Canada says the federal government’s multibillion-dollar spending boost has uplifted what would have been a modest downgrade to its economic growth forecast this year.
The central bank also kept its trend-setting interest rate locked at 0.5 per cent Wednesday, but it would have considered lowering the benchmark if not for the federal stimulus in areas such as infrastructure.
The bank expects the federal investments of about $25 billion over the next two years to more than offset the negative consequences of a slightly stronger dollar, weaker-than-expected global growth and shrinking investment in the oil sector.
It is now predicting the country’s real gross domestic product to expand by 1.7 per cent in 2016, up from its January expectation of 1.4 per cent.
The bank said unexpectedly strong growth in the first three months of 2016 was partly due to temporary factors and that is expected to fade with the recent rise in the loonie and slower international demand…
The central bank also kept its trend-setting interest rate locked at 0.5 per cent Wednesday, but it would have considered lowering the benchmark if not for the federal stimulus in areas such as infrastructure.
The bank expects the federal investments of about $25 billion over the next two years to more than offset the negative consequences of a slightly stronger dollar, weaker-than-expected global growth and shrinking investment in the oil sector.
It is now predicting the country’s real gross domestic product to expand by 1.7 per cent in 2016, up from its January expectation of 1.4 per cent.
The bank said unexpectedly strong growth in the first three months of 2016 was partly due to temporary factors and that is expected to fade with the recent rise in the loonie and slower international demand…
Race and riches by the numbers
– moneysense.ca
When it comes to determining your odds of becoming a millionaire, education and age count—though not nearly as much as the colour of your skin. These are the provocative findings of a study conducted by economists at the Federal Reserve Bank of St. Louis and Bloomberg News, which surveyed 12,500 U.S. households between 2010 and 2013. While their research showed that higher levels of education generally boost the likelihood of obtaining wealth for all racial and ethnic groups, the deck is clearly stacked in favour of whites and Asians—so much so that a white high school graduate is just as likely to become a millionaire as a black person with a college degree. The figures below offer illuminating insight into the true state of race and wealth in North America.
The post Race and riches by the numbers appeared first on MoneySense.
