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Latest News
Australian bank reinstates traders still under legal cloud + MORE Oct 5th
CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee on Wednesday that traders implicated in market manipulation allegations had been suspended then reinstated without those accusations being judged by a court.
The Australian Securities and Investments Commis.... More »
Spotify wins more fans in Wall Steet debut as stock surges + MORE Apr 4th
SAN FRANCISCO _ Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stoc.... More »
Going public: A look at some of the biggest Canadian IPOs by value since 2000 + MORE May 31st
Rarely has an IPO drawn as much political attention as Kinder Morgan’s sale of its Canadian unit, a deal designed to fund the Trans Mountain pipeline expansion. At $1.75 billion, the public market debut of Kinder Morgan Canada (TSX:KML) is on track to be the fourth most valuable in Canadian hi.... More »
BP bets on U.S. shale growth with bid for assets of BHP Billiton Jul 6th
BP PLC is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion US, people familiar with the matter said on Friday..... More »
Online Title Loans vs Installment Loans Dec 4th
It’s nice to know that if you are in need of quick cash, there are plenty of vendors that are ready to help, even if your credit is atrocious – particularly online.
Online title loans and installment loans and give you the chance to fix your short-term financial issues without having to mortgage.... More »
You have to hand it to Carolyn Rogers. The head of B.C.’s Financial Commission clearly has a flair for drama. With just weeks left on the job, Rogers is set to deliver a much-anticipated swan song this week, her report on the state of the province’s most hotly debated industry: real estate.
With expanded Canada Pension Plan your future self thanks you
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Canada has been facing a pension crisis for many years. Millions of Canadians do not have a workplace pension plan.
According to this article, Canadians without an employee pension plan represent about 47% of those aged 55-64. This means this cohort will have to do one or more of these things to stay out of poverty in retirement: save on their own (likely more than they thought), work longer or spend less as they get older.
While all sorts of registered accounts (examples: RRSPs, TFSAs) exist to help Canadians stash money away tax-deferred or tax-free for retirement few Canadians have the “savings gene” to do so. Back to the article to demonstrate: “the value of retirement assets for those without employee pensions are shockingly low. Canadians making $20,000-$50,000 have an average of $250 saved for their golden years. Half of the demographic has less than half a year’s income saved. The average single senior falls $5,600 below the poverty line, with a median income of under $20,000…
Canada has been facing a pension crisis for many years. Millions of Canadians do not have a workplace pension plan.
According to this article, Canadians without an employee pension plan represent about 47% of those aged 55-64. This means this cohort will have to do one or more of these things to stay out of poverty in retirement: save on their own (likely more than they thought), work longer or spend less as they get older.
While all sorts of registered accounts (examples: RRSPs, TFSAs) exist to help Canadians stash money away tax-deferred or tax-free for retirement few Canadians have the “savings gene” to do so. Back to the article to demonstrate: “the value of retirement assets for those without employee pensions are shockingly low. Canadians making $20,000-$50,000 have an average of $250 saved for their golden years. Half of the demographic has less than half a year’s income saved. The average single senior falls $5,600 below the poverty line, with a median income of under $20,000…
British political turmoil deepens after EU referendum
– canadianbusiness.com
LONDON – Britain’s shocking decision to remove itself from the European Union brought more political turmoil Sunday as Scotland’s leader threatened to block the move and the Labour Party’s leader veered dangerously close to losing his post.
The sense of unease spread as European leaders stepped up the pressure on Britain to begin its complex exit from the 28-nation EU immediately, rather than wait several months as British Prime Minister David Cameron prefers.
With London’s jittery stock market set to reopen Monday, the leaders of the successful campaign to leave the EU stayed largely out of the public eye, offering few signals about their plans.
If they were silent, Scotland was not. Popular First Minister Nicola Sturgeon said she would “consider” advising the Scottish Parliament to try to use its power to prevent Britain from actually leaving the EU. She said Scottish lawmakers might be able to derail the move by withholding “legislative consent” for a British exit, or Brexit…
The sense of unease spread as European leaders stepped up the pressure on Britain to begin its complex exit from the 28-nation EU immediately, rather than wait several months as British Prime Minister David Cameron prefers.
With London’s jittery stock market set to reopen Monday, the leaders of the successful campaign to leave the EU stayed largely out of the public eye, offering few signals about their plans.
If they were silent, Scotland was not. Popular First Minister Nicola Sturgeon said she would “consider” advising the Scottish Parliament to try to use its power to prevent Britain from actually leaving the EU. She said Scottish lawmakers might be able to derail the move by withholding “legislative consent” for a British exit, or Brexit…
Political fallout from Brexit continues with coup attempt against Labour leader – Toronto Star
– news.google.ca
Toronto StarPolitical fallout from Brexit continues with coup attempt against Labour leaderToronto StarThe Scottish parliament is also looking at the possibility of blocking Britain's exit from the European Union. Labour party leader Jeremy Corbyn faces the media as he leaves his house in London on Sunday. (Isabel Infantes / AP). By Dan BalzAnthony …No clear end to financial uncertainty after Brexit vote: Don PittisCBC.caHow Britons feel about BrexitCNNBusiness in Europe Is Cast Into UncertaintyWall Street JournalCenter for Research on Globalization -Reuters -Irish Independent -Financial Timesall 13,461 news articles »
Experts predicted a clear Brexit decision would clear the air and put markets back on track. Maybe so if the vote had been for Britain to remain in the European Union. But the vote to leave means uncertainty could continue to roil financial markets for months or years to come, Don Pittis writes.
