How to go about securing the best return for your investment in Canada.
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Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer The Hill TimesCanadian Cancer Society fights financial burden of disease on World Cancer Day CTV NewsEven with health care, cancer inflicts ‘enormous financial strain’ on patients&nbs.... More »
Is VFV a good buy? What about other U.S. ETFs with even lower fees? Sep 4th
With an average management expense ratio (MER) of 0.09% and collective assets under management (AUM) approaching $40 billion, exchange-traded funds like the Vanguard S&P 500 Index ETF (VFV), the BMO S&P 500 Index ETF (ZSP) and the iShares Core S&P 500 Index ETF (XUS) are some of the most.... More »
Tesla stock + MORE Jul 6th
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Saving money is no joke for Kathy Griffin + MORE Dec 9th
(Illustration by Lauren Tamaki)
The credo I live by is, if you can’t afford to buy something, don’t buy it. The super-wealthy people I know don’t care about appearances; they couldn’t care less about having an emblem on a handbag or making it rain in the club. I even have an iPod in my c.... More »
Fixed mortgage rates are likely at their 'lowest point this year,' experts say Oct 29th
"We're seeing the weaker economy, paradoxically, is allowing more people into the real estate market," said Phil Soper, president and CEO of Royal LePage..... More »
Business Highlights
– canadianbusiness.com
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More travellers sign up for airport programs, only to wait
NEW YORK (AP) — A growing number of travellers are signing up for the government’s expedited airport screening programs, only to face another wait.
After angry fliers missed flights this spring because of lengthy security lines, government officials promoted the PreCheck and Global Entry systems. The number of applicants for PreCheck more than tripled in a few months.
Now there is a new logjam. It can take weeks or even months to get an appointment for an interview needed to complete the enrolment. Travelers can try walking into an enrolment office without an appointment, but that can mean waiting for hours or even getting turned away.
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Rising home prices lift US wealth, even as stocks fall
WASHINGTON (AP) — Americans’ household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.
The Federal Reserve said Thursday that U.S. household net worth increased 1 per cent to $88…
More travellers sign up for airport programs, only to wait
NEW YORK (AP) — A growing number of travellers are signing up for the government’s expedited airport screening programs, only to face another wait.
After angry fliers missed flights this spring because of lengthy security lines, government officials promoted the PreCheck and Global Entry systems. The number of applicants for PreCheck more than tripled in a few months.
Now there is a new logjam. It can take weeks or even months to get an appointment for an interview needed to complete the enrolment. Travelers can try walking into an enrolment office without an appointment, but that can mean waiting for hours or even getting turned away.
___
Rising home prices lift US wealth, even as stocks fall
WASHINGTON (AP) — Americans’ household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.
The Federal Reserve said Thursday that U.S. household net worth increased 1 per cent to $88…
Restoration Hardware and Freeport-McMoran slide, Smucker up
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Thursday:
J.M. Smucker Co., up $10.52 to $143.23
The food company reported strong sales of coffee and pet foods and gave a solid annual forecast.
Restoration Hardware Holdings Inc., down $7.66 to $28.41
The home furnishings retailer cut its outlook after reporting weak quarterly results.
Tailored Brands Inc., down $3.19 to $12.34
The menswear chain reported disappointing first-quarter results as its Men’s Wearhouse brand struggled.
Capital One Financial Corp., down $1.23 to $70.87
Banks traded lower as bond yields dropped, sending interest rates lower.
Freeport-McMoRan Corp., down 68 cents to $10.90
Metals companies took the largest losses on the market Thursday as investors remain worried about the global economy.
American Airlines Group Inc., up 89 cents to $33.40
Airlines got a boost from lower oil prices, which could lead to cheaper jet fuel.
Ameren Corp., up $1.21 to $50.89
The drop in bond prices made utility companies more appealing to investors…
J.M. Smucker Co., up $10.52 to $143.23
The food company reported strong sales of coffee and pet foods and gave a solid annual forecast.
Restoration Hardware Holdings Inc., down $7.66 to $28.41
The home furnishings retailer cut its outlook after reporting weak quarterly results.
Tailored Brands Inc., down $3.19 to $12.34
The menswear chain reported disappointing first-quarter results as its Men’s Wearhouse brand struggled.
Capital One Financial Corp., down $1.23 to $70.87
Banks traded lower as bond yields dropped, sending interest rates lower.
Freeport-McMoRan Corp., down 68 cents to $10.90
Metals companies took the largest losses on the market Thursday as investors remain worried about the global economy.
American Airlines Group Inc., up 89 cents to $33.40
Airlines got a boost from lower oil prices, which could lead to cheaper jet fuel.
Ameren Corp., up $1.21 to $50.89
The drop in bond prices made utility companies more appealing to investors…
OTTAWA – The Bank of Canada is warning that the possibility of a sharp correction in real estate prices has increased in rapidly growing markets like Vancouver and Toronto.
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
You should be saving for more than just a down payment
– moneysense.ca
OTTAWA – You’ve scrimped and saved to put together a down payment to buy your first home.
But experts say it’s important to remember that your down payment is only part of the cost of buying a house.
Home inspections, title insurance and the costs of a lawyer to help with the purchase all add up. On top of that are moving expenses, service hookup fees and any renovations or repairs you want to make before moving in.
Canada’s Best Places to Live 2016 »
And you’re going to need to have the cash on hand to pay those bills.
Pat Giles, associate vice-president for real estate secured lending at TD Canada Trust, suggests homebuyers budget to three to five per cent of the price of their home for expenses related to the purchase if they can.
“It is critical to understand the full financial commitment up front,” Giles said. “The price of home ownership is much more than your down payment and your monthly mortgage payment, and so whether it is one-time closing costs or it is the ongoing costs of home ownership, there’s a lot to take into account…
But experts say it’s important to remember that your down payment is only part of the cost of buying a house.
Home inspections, title insurance and the costs of a lawyer to help with the purchase all add up. On top of that are moving expenses, service hookup fees and any renovations or repairs you want to make before moving in.
Canada’s Best Places to Live 2016 »
And you’re going to need to have the cash on hand to pay those bills.
Pat Giles, associate vice-president for real estate secured lending at TD Canada Trust, suggests homebuyers budget to three to five per cent of the price of their home for expenses related to the purchase if they can.
“It is critical to understand the full financial commitment up front,” Giles said. “The price of home ownership is much more than your down payment and your monthly mortgage payment, and so whether it is one-time closing costs or it is the ongoing costs of home ownership, there’s a lot to take into account…
BoC: Possibility of sharp real estate correction growing
– moneysense.ca
OTTAWA – The Bank of Canada is warning that the possibility of a sharp correction in real estate prices has increased in rapidly growing markets like Vancouver and Toronto.
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
Canada’s Best Places to Live 2016 »
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
Canada’s Best Places to Live 2016 »
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
