Asian shares mixed as Bank of Japan, Fed mull policy options + MORE Sep 21st
Bank of Canada raises concerns about mortgages, even those with larger down payments + MORE Nov 28th
At midday: TSX falls on lower metal, oil prices + MORE Aug 24th
Big banks poised to follow suit as RBC trims 5-year fixed mortgage rate - Global News Jan 16th
Worried about retirement? Don’t be if you consider this wealth of advice + MORE Oct 3rd
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
Amaya Inc.: The online gambling company holds its first-quarter earnings conference call on Monday. Investors will be looking for any update to February’s announcement that then-chief executive David Baazov and a group of investors were considering a formal bid for the company. Baazov took an indefinite paid leave of absence as CEO and chairman of Amaya in March after being charged following an investigation into allegations of insider trading. He has pleaded not guilty.
Home sales: The Canadian Real Estate Association is expected to release home sales data for April on Monday. The scorching hot markets in Vancouver and Toronto have been the main force behind the national results in recent months and are expected to continue to be the driver.
The economy: Statistics Canada is releasing several data points that will help round out the picture on how the economy performed in the first quarter. Manufacturing data for March is expected Tuesday…
We did it – why we have a $10,000 emergency fund
– myownadvisor.ca
A few years ago on this site, I wrote about stashing away a modest emergency fund. Here are my reasons for doing so which remain valid today:
It provides us with financial flexibility. When something goes wrong with my 12 year-old 16-year-old Mazda, it’s usually something big. Gone are the days of simple oil changes every 8,000 km. A healthy cash emergency fund allows us to combat any car failure and/or weather a different expense around the house.
It keeps us out of debt. While it’s true an emergency fund will eventually run out if you spend it all, the same can be said about a line of credit (LOC); these things aren’t a bottomless pit. Contrary to how some people treat their LOC – it’s not your money – the line needs to be paid back. An open line of credit is a liability. In a small emergency situation, the last thing my wife and I want to do is to add-on more debt. I’d rather focus on the emergency…
