RESP investing for your teenager + MORE Jun 29th

This is the summer for Aeroplan hotel promotions! If you don’t need to credit summer hotel stays to a hotel program than Aeroplan should be your choice! The good thing with this offer from Hilton is that you can earn both points and miles so you get the best of both worlds. Starting on July 18th Aeroplan members can earn triple miles for stays in Canada, the Caribbean, Central and South America.Offer details:Triple Aeroplan Miles when you stay at at participating Hilton hotels in Canada, the Caribbean, Central and South America. Full details, online registration and booking (Registration is required) Jul 18 – Nov 18, 16Can’t make use of this offer? Find the most complete list of Aeroplan bonuses here!

Q: My daughter is going off to university in 4 years. Half of her RESP is in a two-year GIC while 25% is in dividend ETFs and 25% is in a corporate bond ETF (a recent transaction).
Did I make a boo-boo going with the corporate bond ETF?
—Karl
A: DIY investing is so much easier during the accumulation phase. When you actually need the money, it gets tricky.
RESPs are probably the hardest accounts to manage. At least with an RRSP, your withdrawals tend to be small relative to the whole account—sometimes barely dipping into capital.
RESPs are generally depleted within four years or less, so they get difficult to manage in the years approaching post-secondary education and during the years your child is attending school.
Ask a Planner: Leave your question for Jason Heath »
Bond ETFs are not without risk, Karl. They can fall when interest rates rise, but I don’t think the risk of rates rising is very high in the next few years. Corporate bond ETFs have the added risk of exposure to corporate credit risk…

OTTAWA – The love-in between Canada and Mexico will expand into a continental threesome today as U.S. President Barack Obama joins Justin Trudeau and Enrique Pena Nieto for the North American Leaders’ Summit.
The huddle, colloquially known as the Three Amigos summit, is expected to focus on clean energy and climate change.
The Mexican president, who has been on a state visit to Canada since Monday, is to sign on to the Canada-U.S. methane reduction deal announced when Trudeau visited Washington last March.
That accord pledges to cut methane emissions 40 to 45 per cent below 2012 levels by 2025.
The three leaders are also expected to announce a goal to achieve 50 per cent clean power generation across North America by 2025, including renewable energy, nuclear power, carbon capture and storage and increased energy efficiency.
Ahead of today’s summit, Trudeau and Pena Nieto cleared away Tuesday long-standing trade and travel irritants: Canada will lift its controversial visa requirement for Mexican visitors before the end of the year while Mexico will end restrictions on Canadian beef imports…

News, Tips & Tricks There is another new short term first time booking bonus with Rocketmiles. If you have never booked with them do so by July 1st and you’ll earn 3,000 bonus miles or points in the program of your choice that they partner with. Aeroplan is included! Find out more here.WestJet announced two new routes that will launch later this summer, Edmonton to Hamilton and Winnipeg to Kelowna. These almost look like a direct response to newleaf as the new airline is flying those routes as well. (Source WestJet)More great lounge news for The Platinum Card from American Express cardholders. Another Centurion lounge has opened in the U.S.. This time in Houston at IAH. Platinum cardholders get free entrance to any American Express Centurion lounges but don’t fret if you have a card like the American Express Gold Rewards Card you can still get in but you have to pay an entry fee. Find out more about Centurion Lounges here.Air Canada is bringing back a direct flight between Montreal and San Juan Puerto Rico…