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Latest News
CIBC kicks off bank results with dividend hike, beats expectations + MORE Feb 22nd
First-quarter net earnings slip to $1.32-billion from $1.4-billion a year earlier
.... More »
Trump Organization CFO Allen Weisselberg reportedly granted immunity - CBC.ca Aug 25th
CBC.caTrump Organization CFO Allen Weisselberg reportedly granted immunityCBC.caFederal prosecutors have granted immunity to the Trump Organization's chief financial officer in an investigation involving U.S. President Donald Trump's former personal lawyer, Michael Cohen, the Wall Street J.... More »
Allegations Donald Trump was given millions by dad through tax dodges - 9news.com.au + MORE Oct 3rd
9news.com.auAllegations Donald Trump was given millions by dad through tax dodges9news.com.auUS President Donald Trump received at least USD$413 million ($576 million) from his father over the decades, much of that through dubious tax dodges, including outright fraud, according to a media report. Th.... More »
CIBC Misses Analysts’ Estimates as Expense Gains Accelerate - Yahoo Canada Finance Dec 2nd
CIBC Misses Analysts’ Estimates as Expense Gains Accelerate Yahoo Canada FinanceCIBC hikes dividend, plans buyback despite Q4 profit miss BNNTD, CIBC join other big banks in hiking dividends and buying back shares Financial PostCIBC and TD continue big bank trend o.... More »
Sikhs uneasy after Mark Carney meets with India’s Narendra Modi at G7 summit Jun 20th
Sikh groups say they remain “uneasy” after Canada and India appeared to broker a détente on the sidelines of the G7 summit following nearly two years of strained relations..... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,219.57, down 39.30 points):
Gran Colombia Gold Corp. (TSX:GCM). Miner. Up 1.5 cents, or 11.54 per cent, to 14.5 cents on 17.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 41 cents, or 5.91 per cent, to $7.35 on 8.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 46 cents, or 4.66 per cent, to $9.41 on 7.6 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 25 cents, or 3.50 per cent, to $7.40 on 6.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 57 cents, or 3.22 per cent, to $17.15 on 6.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 32 cents, or 4.17 per cent, to $7.35 on 6.4 million shares.
Companies reporting major news:
BlackBerry Ltd. (TSX:BB). Wireless communications. Down 38 cents, or 4.27 per cent, to $8.51 on 1.4 million shares. BlackBerry is hanging up on the Classic, less than two years after the Waterloo, Ont…
Toronto Stock Exchange (14,219.57, down 39.30 points):
Gran Colombia Gold Corp. (TSX:GCM). Miner. Up 1.5 cents, or 11.54 per cent, to 14.5 cents on 17.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 41 cents, or 5.91 per cent, to $7.35 on 8.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 46 cents, or 4.66 per cent, to $9.41 on 7.6 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 25 cents, or 3.50 per cent, to $7.40 on 6.9 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Down 57 cents, or 3.22 per cent, to $17.15 on 6.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 32 cents, or 4.17 per cent, to $7.35 on 6.4 million shares.
Companies reporting major news:
BlackBerry Ltd. (TSX:BB). Wireless communications. Down 38 cents, or 4.27 per cent, to $8.51 on 1.4 million shares. BlackBerry is hanging up on the Classic, less than two years after the Waterloo, Ont…
Revisiting our financial freedom assumptions
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Every now and then I get a few emails from readers wondering how much is enough and how to fund retirement? Today’s article will revisit some older perspectives I have on this and share my latest assumptions to these questions.
How much is enough?
Only you can answer that question for yourself and your family. We figure “enough” money covers our basic necessities with some extras – like travel and entertainment. Here is a quick rundown of what we need to cover in our future based on today’s expenses with some buffer designed-in:
*Home needs per month ($1400)
Every now and then I get a few emails from readers wondering how much is enough and how to fund retirement? Today’s article will revisit some older perspectives I have on this and share my latest assumptions to these questions.
How much is enough?
Only you can answer that question for yourself and your family. We figure “enough” money covers our basic necessities with some extras – like travel and entertainment. Here is a quick rundown of what we need to cover in our future based on today’s expenses with some buffer designed-in:
*Home needs per month ($1400)
Home maintenance ($400 per month)
Property taxes ($350 per month)
Home utilities ($325 per month)
Home insurance ($125 per month)
Contingency/buffer ($200 per month)
*We are not anticipating having any mortgage in 5-6 years.
**Personal needs per month ($1600)
Food/groceries ($700 per month)
Healthcare ($200 per month)
Household supplies ($400 per month)
Clothing ($200 per month)
Contingency/buffer ($100 per month)
**These are estimates only…
Business Highlights
– canadianbusiness.com
___
Stocks skid, bond yields hit record lows on British worries
NEW YORK (AP) — U.S. stocks slumped Tuesday as investors grew fearful over the health of the British financial system. Looking for safety, they flocked to Treasury notes and pushed the yields on long-term government bonds to all-time lows.
Investors were jolted after three U.K. financial firms stopped trading in their commercial property funds because large numbers of investors were trying to liquidate their holdings.
Stocks mostly fell, although investors bought shares of companies seen as safe plays. It was an abrupt end to a big four-day rally for stocks.
___
US factory orders drop in May; military spending plunges
WASHINGTON (AP) — Orders at U.S. factories dipped in May, dragged down by less demand for steel, aluminum, furniture, electrical appliances and military aircraft.
The Commerce Department said Tuesday that factory orders fell 1 per cent in May, after gains in the two prior months. So far this year, orders for manufactured goods have dropped 1…
Stocks skid, bond yields hit record lows on British worries
NEW YORK (AP) — U.S. stocks slumped Tuesday as investors grew fearful over the health of the British financial system. Looking for safety, they flocked to Treasury notes and pushed the yields on long-term government bonds to all-time lows.
Investors were jolted after three U.K. financial firms stopped trading in their commercial property funds because large numbers of investors were trying to liquidate their holdings.
Stocks mostly fell, although investors bought shares of companies seen as safe plays. It was an abrupt end to a big four-day rally for stocks.
___
US factory orders drop in May; military spending plunges
WASHINGTON (AP) — Orders at U.S. factories dipped in May, dragged down by less demand for steel, aluminum, furniture, electrical appliances and military aircraft.
The Commerce Department said Tuesday that factory orders fell 1 per cent in May, after gains in the two prior months. So far this year, orders for manufactured goods have dropped 1…
The price of benchmark North American oil retreated almost five per cent Tuesday, while the loonie dropped by almost a cent and stocks tumbled as investors fretted about the British financial system.
Where do I pay probate fees?
– moneysense.ca
(Ugurhan Betin/Getty Images)Q: My notarized will was drawn up and registered in Quebec and all of the assets (cash, RSPs, stocks, TSFA) are held in Quebec accounts. I now live in Ontario. If I die, does my will have to go to probate or does Quebec law, which exempts probate notarized wills from being registered, apply?
—Len
A: This is a great question, Len. The probate process may be required when someone dies so that a will is verified by the provincial government and the executor can be approved to take on their role and begin to distribute assets.
It is generally not important where a will is drawn up. A valid will may very well make no reference to the province in which it was drafted. Furthermore, contrary to what some people think, wills aren’t generally registered with the government. For the most part, they are private documents until they are probated, although some provinces do have an optional wills registry to try to help executors locate the most recent will prepared by the deceased…
