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Wall Street declines after Trump's fresh tariffs on Canada - Reuters + MORE Mar 11th
Wall Street declines after Trump's fresh tariffs on Canada ReutersMarkets today: Wall Street’s sell-off worsens after Trump ups the ante in his trade war CTV NewsDow tumbles as stock market rout continues CNNThe Daily Chase: Escalator up, elevator down B.... More »
Foreign investing in Montreal real estate is small: CMHC + MORE Jul 13th
A report by the Canada Mortgage and Housing Corp. says the number of foreign investors in the Montreal area real estate market is small and concentrated in condominiums in the city’s downtown core.
The report by the federal agency found that 1.3% of condominiums in the greater Montreal area were o.... More »
Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it + MORE Oct 9th
A new KPMG survey reveals that eight in 10 Canadians with a professional financial plan feel confident they can retire at their desired age. Among those without one? Just 36%.
That’s a massive gap—and it’s widening at a time when more Canadians are rethinking their financial strateg.... More »
How to pandemic-proof your paycheque Aug 11th
Back in January 2020, we didn’t think about something like pandemic financial habits, but recruiter Cynthia Coulis is now saving 20 per cent of her paycheque just in case. “I work on a contract basis and so I never know how long I will be working. If the pandemic lasts a long time, I will be in .... More »
Trade spat hits the grocery aisle and EpiPens in short supply: CBC's Marketplace consumer cheat sheet Aug 5th
CBC's Marketplace rounds up the consumer and health news you need from the week, including changing prices at the supermarket due to the tariff dispute with the U.S., flights booked with stolen loyalty points and Canada's only supplier of EpiPens running out of stock..... More »
AddEnergie launches 2,000-station electric vehicle charging network in 5 provinces
– canadianbusiness.com
MONTREAL – A Montreal-based company is launching a multi-province network for recharging electric vehicles.
Quebec’s largest pension fund manager, La Caisse de depot et placement, and a provincial investment agency recently provided $12.8 million to support the deployment.
Called the FLO network, it will initially have 2,000 charging locations in five provinces, including Quebec.
AddEnergie says its goal is to add 8,000 more charging stations across Canada over the next five years.
It also says a charging station for homes will be introduced at an electric vehicle exhibition in Montreal next week.
AddEnergie is among the companies predicting electric vehicles will become a mainstream alternative to gasoline-fuelled cars as EV technology improves and governments work to reduce emissions of greenhouse gases.
It says the FLO network will start with charging stations in Canada’s three most populous provinces — Ontario, Quebec and British Columbia — as well as Nova Scotia and New Brunswick…
Quebec’s largest pension fund manager, La Caisse de depot et placement, and a provincial investment agency recently provided $12.8 million to support the deployment.
Called the FLO network, it will initially have 2,000 charging locations in five provinces, including Quebec.
AddEnergie says its goal is to add 8,000 more charging stations across Canada over the next five years.
It also says a charging station for homes will be introduced at an electric vehicle exhibition in Montreal next week.
AddEnergie is among the companies predicting electric vehicles will become a mainstream alternative to gasoline-fuelled cars as EV technology improves and governments work to reduce emissions of greenhouse gases.
It says the FLO network will start with charging stations in Canada’s three most populous provinces — Ontario, Quebec and British Columbia — as well as Nova Scotia and New Brunswick…
CBC.caAverage Canadian house price rose 13% to record $509460 in MayCBC.caThe average price of a Canadian home sold in May was $509,460, a 13 per cent increase in the past year and the highest figure on record. The strong gains are largely tied to hot markets in Ontario and British Columbia, according to the numbers released …Canadian Real Estate Association says home sales down month-over-monthCTV NewsCanadian home sales drop in May following April's recordCanada NewsWire (press release)Canadian manufacturing sales jump 1% after two months of declinesbnn.caWall Street Journal -Reuters Canada -Reuters -Winnipeg Free Pressall 15 news articles »
US industrial output fell in May; auto production plummeted
– canadianbusiness.com
WASHINGTON – Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges.
The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 per cent from April. The decline reversed the 0.6 per cent gain seen between April and March, an improvement that provided some evidence that the industrial economy was turning around after a period of extremely weak performance.
“The industrial side of the U.S. economy remains under pressure,” said Gus Faucher, deputy chief economist at PNC Financial Services.
Sluggish growth abroad has dampened the demand for American-made goods, while lower energy prices caused a pullback on pipeline and equipment orders at many U.S. factories. The setbacks for manufacturers have limited overall economic growth.
There have been signs that many factories are adapting and that their outlook was improving…
The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 per cent from April. The decline reversed the 0.6 per cent gain seen between April and March, an improvement that provided some evidence that the industrial economy was turning around after a period of extremely weak performance.
“The industrial side of the U.S. economy remains under pressure,” said Gus Faucher, deputy chief economist at PNC Financial Services.
Sluggish growth abroad has dampened the demand for American-made goods, while lower energy prices caused a pullback on pipeline and equipment orders at many U.S. factories. The setbacks for manufacturers have limited overall economic growth.
There have been signs that many factories are adapting and that their outlook was improving…
May 2016 Dividend Income Update
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss my approach to investing using dividend paying stocks and how reinvesting the dividends paid from the Canadian companies we own are helping us reach financial freedom. You can check out more details about our financial journey here.
From time to time on this site I share some simple (but effective) financial lessons learned from many financial experts and industry leaders, in order to affirm our financial plan. Here’s what the best brains in the business often tell us to do:
invest for the long-term,
invest mostly in equities,
when investing keep your money management costs low,
diversify your portfolio across companies, industries, and countries, and
invest in a tax-efficient manner for as long as possible.
Regarding these points, for the purposes of these monthly updates, we invest in a number of well-known Canadian dividend paying stocks that have been paying dividends for generations…
Canadian Real Estate Association says home sales down month-over-month
– canadianbusiness.com
OTTAWA – The Canadian Real Estate Association says home sales in Canada dropped 2.8 per cent month-over-month in May.
The number of sales through the association’s MLS system was down in about 70 per cent of all markets, led by B.C. and Ontario where the number of homes listed for sale fell.
The number of newly listed homes fell by 3.2 per cent in May compared with April.
Compared with a year ago, sales in May were up 9.6 per cent.
The hot markets of Vancouver and Toronto helped push the national average price of a home sold in May to $509,460, up 13.2 per cent from a year ago.
Excluding Vancouver and Toronto, the average price for a home sold in May was $375,532, up 9.1 per cent from May 2015. Excluding British Columbia and Ontario as a whole, the average in May was down 0.7 per cent year-over-year to $310,007.
The post Canadian Real Estate Association says home sales down month-over-month appeared first on Canadian Business – Your Source For Business News.
The number of sales through the association’s MLS system was down in about 70 per cent of all markets, led by B.C. and Ontario where the number of homes listed for sale fell.
The number of newly listed homes fell by 3.2 per cent in May compared with April.
Compared with a year ago, sales in May were up 9.6 per cent.
The hot markets of Vancouver and Toronto helped push the national average price of a home sold in May to $509,460, up 13.2 per cent from a year ago.
Excluding Vancouver and Toronto, the average price for a home sold in May was $375,532, up 9.1 per cent from May 2015. Excluding British Columbia and Ontario as a whole, the average in May was down 0.7 per cent year-over-year to $310,007.
The post Canadian Real Estate Association says home sales down month-over-month appeared first on Canadian Business – Your Source For Business News.
