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Poilievre calls for ethics committee to investigate B.C. ‘condo bailout’ - CTV News Jun 28th
Poilievre calls for ethics committee to investigate B.C. ‘condo bailout’ CTV NewsCarney defends $1.45B plan to convert unbought B.C. condos to affordable rent-to-own CBCOttawa and B.C. to buy up unsold condos, Airbnb’s failed World Cup play, Home of the Week and more top .... More »
Dream Office REIT selling Scotia Plaza stake, other assets for $1.7-billion + MORE Jun 23rd
The Toronto-based real estate investment trust says it will use some of the proceeds to buy back and cancel $440-million worth of its investment units
.... More »
Something about bear markets seems to bring out the best in the Two-Minute Portfolio - The Globe and Mail + MORE Jan 11th
Something about bear markets seems to bring out the best in the Two-Minute Portfolio The Globe and MailTSE down; U.S. stocks in red - Business News Castanet.netToronto stock market edges lower, oil down; U.S. stock markets fall CTV NewsThe week's most oversold and ov.... More »
What the right ETFs can do for you Nov 29th
Jonathan Chevreau will be presenting: The MoneySense ETF All-Stars and Their Role in Establishing Financial Independence and Generating Retirement Income on Thursday, December 2, 2021 at 12:25 p.m. to 12:55 p.m. EST. Now in its ninth year, the ETF All-Stars helps Canadian investors narrow down the f.... More »
After selling off all oilsands assets, Statoil looks to Newfoundland offshore + MORE Feb 10th
A week after Statoil sold off all its assets in Alberta’s oilsands, it looked eastward, to Newfoundland’s offshore.
There, the Norwegian energy giant saw opportunity in the North Atlantic, announcing this week plans to drill two offshore exploratory wells this summer in the Flemish Pass .... More »
The Toronto Stock Exchange rose to its highest close of 2016 on Tuesday, as it finished with a gain of 33.27 points to hit 13,952.85.
Real estate firms skirting anti-money laundering rules
– moneysense.ca
TORONTO – At least 85 real estate companies have not implemented a plan showing how they are trying to detect money laundering and other suspicious transactions, nearly 15 years after they were required to do so, according to data obtained by The Canadian Press.
The federal anti-money laundering agency received 337 compliance reports from roughly 1,000 companies in the real estate sector it surveyed — including brokers, sales representatives and developers — between Jan. 1, 2013, and Feb. 8, 2016.
The data, which was obtained through an access-to-information request, represents only a small sampling of the real estate industry. There are about 20,000 companies in the real estate sector that are required to report to Fintrac.
An analysis of the data contained in those reports found that roughly a quarter of the 337 respondents admitted they had not yet fully implemented a compliance regime, which has been required by federal anti-money laundering laws since 2001.
Top cities to buy real estate in 2016 »
Thirty-eight of the companies said they had only partially implemented a compliance regime, while the other 47 said they had not even begun to do so…
The federal anti-money laundering agency received 337 compliance reports from roughly 1,000 companies in the real estate sector it surveyed — including brokers, sales representatives and developers — between Jan. 1, 2013, and Feb. 8, 2016.
The data, which was obtained through an access-to-information request, represents only a small sampling of the real estate industry. There are about 20,000 companies in the real estate sector that are required to report to Fintrac.
An analysis of the data contained in those reports found that roughly a quarter of the 337 respondents admitted they had not yet fully implemented a compliance regime, which has been required by federal anti-money laundering laws since 2001.
Top cities to buy real estate in 2016 »
Thirty-eight of the companies said they had only partially implemented a compliance regime, while the other 47 said they had not even begun to do so…
What to do with your extra cash
– moneysense.ca
(Getty Images)Q: I am turning 30 this year and make around $60,000 a year and was wondering what the best thing to do with some extra money is? I have $10,000 saved in an emergency fund sitting in a high-interest bank account at my bank, so I am covered in case of emergency. Is this the best place for this?
On top of that I have around $5,000-$10,000 extra I am looking to use to start investing and was wondering where it should be put. I have no debt other than a mortgage for $90,000 with 10 years left at 3% which I am already paying an extra 10% per payment towards. I have an RRSP through my work, but I am only contributing 3% in order to max out their matching 3%. I am doing the minimum because it has a high MER of about 2.75%.
I was thinking of starting a Couch Potato Portfolio via a robo-advisor site or inside of a TFSA as I have never contributed to a TFSA. I have never done any investing other than RRSPs through my jobs so I could use some advice to ensure I am using my money wisely…
