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COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
Market instability comes at an inconvenient time for Canada's financial industry: Don Pittis + MORE Feb 1st
This week's market stutter is a reminder that stocks don't just go up, and that the economy and securities markets are two separate beasts..... More »
Making the most of the pension tax credit Nov 28th
Ask MoneySense
I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
Micro-credentials in Canada: Is it worth it to upskill? Aug 27th
If you make a habit of checking LinkedIn, you’ve surely seen it: the announcement from a former colleague that they’re proud to have earned credential X from institution Y. Maybe you give them a thumbs-up or clapping hands; maybe you scroll on by. But have you ever thought about the value of the.... More »
After journalist vanishes, focus shifts to young prince's 'dark' and bullying side - Washington Post Oct 14th
Washington PostAfter journalist vanishes, focus shifts to young prince's 'dark' and bullying sideWashington PostWhen he hosted last October's glittering global investment conference in Saudi Arabia, Crown Prince Mohammed bin Salman had the world at his fingertips. Thousands of in.... More »
$1B in new business loans to be made available for Alberta entrepreneurs – Calgary Herald
– news.google.ca
Calgary Herald$1B in new business loans to be made available for Alberta entrepreneursCalgary HeraldATB Financial and Business Development Bank Canada have negotiated a $1-billion agreement to make more capital available for Alberta small businesses and provide a “runway” for entrepreneurs as they ramp back up post-recession. The deal announced …and more »
Weekend Reading – Robbing you blind, anti-RRSP, Clinton persuasion and more money stuff
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition. Time for The Open Championship! I’m looking forward to watching the action from Royal Troon this weekend, with fond memories of visiting Scotland last summer and watching The Open live – it was a great lifetime highlight for me.
Earlier this week I shared our latest dividend income update – our journey to financial freedom. We are 42% of the way there. I also think people, bloggers in particular, obsess too much over net worth.
Enjoy your weekend and see you here next week!
Do you know if your financial advisor is robbing your blind? Here are 11 signs to find out (and how to stop it).
John Heinzl told us the anti-RRSP arguments are just urban legends. I tend to agree. John writes: “People love to complain about the tax on withdrawals because it looks so large, but it’s really just the original tax they deferred plus the growth of that tax over time. As the example above showed, even after paying tax on withdrawals, the RRSP investor still wins…
Welcome to my latest Weekend Reading edition. Time for The Open Championship! I’m looking forward to watching the action from Royal Troon this weekend, with fond memories of visiting Scotland last summer and watching The Open live – it was a great lifetime highlight for me.
Earlier this week I shared our latest dividend income update – our journey to financial freedom. We are 42% of the way there. I also think people, bloggers in particular, obsess too much over net worth.
Enjoy your weekend and see you here next week!
Do you know if your financial advisor is robbing your blind? Here are 11 signs to find out (and how to stop it).
John Heinzl told us the anti-RRSP arguments are just urban legends. I tend to agree. John writes: “People love to complain about the tax on withdrawals because it looks so large, but it’s really just the original tax they deferred plus the growth of that tax over time. As the example above showed, even after paying tax on withdrawals, the RRSP investor still wins…
The week’s most oversold and overbought stocks on the TSX
– theglobeandmail.com
The focus is a wood products maker
Herbalife and Ironwood advance; Infosys and Fairmount drop
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Friday:
Herbalife Ltd. (HLF), up $5.90 to $65.26
The supplement retailer agreed to pay $200 million to end a government investigation, and avoided charges that it operated as a pyramid scheme.
Wells Fargo & Co. (WFC), down $1.23 to $47.71
The bank’s earnings fell because low interest rates continue to hurt its business, a situation that’s not likely to change soon.
Infosys Ltd. (INFY), down $1.63 to $16.81
The business consulting services company’s profit and sales fell short of analyst projections.
Citigroup Inc. (C), down 12 cents to $44.33
The company’s results were stronger than expected, but results from its consumer banking business were hurt by extremely low interest rates.
Carnival Corp. (CCL), down $1.00 to $45.32
Travel-related stocks traded lower after more than 80 people were killed in a terrorist attack in the French city of Nice.
Synergy Pharmaceuticals Inc. (SGYP), down 22 cents to $3…
Herbalife Ltd. (HLF), up $5.90 to $65.26
The supplement retailer agreed to pay $200 million to end a government investigation, and avoided charges that it operated as a pyramid scheme.
Wells Fargo & Co. (WFC), down $1.23 to $47.71
The bank’s earnings fell because low interest rates continue to hurt its business, a situation that’s not likely to change soon.
Infosys Ltd. (INFY), down $1.63 to $16.81
The business consulting services company’s profit and sales fell short of analyst projections.
Citigroup Inc. (C), down 12 cents to $44.33
The company’s results were stronger than expected, but results from its consumer banking business were hurt by extremely low interest rates.
Carnival Corp. (CCL), down $1.00 to $45.32
Travel-related stocks traded lower after more than 80 people were killed in a terrorist attack in the French city of Nice.
Synergy Pharmaceuticals Inc. (SGYP), down 22 cents to $3…
Are low interest rates doing more harm than good?
– moneysense.ca
Mark Carney was oddly framed by TV cameras when he made his hasty post-Brexit address the morning after the United Kingdom voted to leave the European Union. Standing behind a lectern, but in front of an open doorway, the governor of the Bank of England appeared as though trapped inside a box. It was fitting for a man who’s now expected to fix the U.K.’s looming economic crisis using, mainly, a single, indiscriminate weapon—interest rate policy—that’s been mostly emptied of ammunition. Nevertheless, as the British pound plunged to a 31-year low and stock markets around the world temporarily swooned, Carney declared the central bank was “well prepared” for the uncertainty ahead. He fleshed out the central bank’s plans a week later when he relaxed capital requirements for banks and all but promised to cut rates to 0.25%, from 0.5% now, at the Bank’s next monetary policy committee meeting. “The economic outlook has deteriorated,” he said, “and some monetary policy easing will likely be required over the summer…
