All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Do bonds still make sense for retirement savings? + MORE Apr 27th
Now that it’s clear interest rates bottomed some time ago and are well on an upwards trajectory, we’re seeing headlines declaring the “death of bonds.” Notable was the Globe & Mail article by veteran columnist and author Gordon Pape, announcing he was “getting out of bonds.”
W.... More »
How to plan for retirement when you have no pension + MORE Sep 13th
In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement.
That’s no longer the case. Just 38% of paid work.... More »
How to start saving for retirement at 45 + MORE Mar 14th
Saving for retirement at age 45 means you’ll have a 20-year runway toward a traditional age 65 retirement. But what’s your starting point? The National Bank of Canada suggests that by age 40 you should have 2.1 times your annual income saved for retirement, while the U.S.-based firm Fidelity rec.... More »
How to boost your retirement income by 50% + MORE Nov 18th
Flickr
If you were told there was a way to boost your income in retirement by 50% it would no doubt get your attention. It certainly got my attention, in a paper in a recent issue of the Journal of Retirement. The paper was co-authored by one of MoneySense’s panelists for the annual ETF All Stars.... More »
Who will replace Brad Wall as Saskatchewan Party leader? - CBC.ca + MORE Aug 12th
CBC.caWho will replace Brad Wall as Saskatchewan Party leader?CBC.caSaskatchewan Premier Brad Wall has announced his retirement and political analysts say there are no obvious candidates who might replace him. "Saskatchewan needs renewal, a fresh perspective in leadership," Wall said Thurs.... More »
Britain’s vote to leave the European Union was a major drag on Canada’s largest pension fund, but a recovery in stock markets has softened the blow, the new CEO of the Canada Pension Plan Investment Board said Thursday.
Hydro One Q2 profit rises 16%, revenue flat compared with last year
– canadianbusiness.com
TORONTO – Hydro One Ltd. (TSX:T) is reporting a higher second-quarter profit and flat revenue.
The Toronto-based company — which was wholly owned by the Ontario government until last year — says its net income was $152 million, up 16 per cent from the second quarter of 2015.
Revenue barely changed, slipping to $1.55 billion from $1.56 billion.
The electricity distributor says its profit was helped by several factors, including lower bad debt expenses and a drop in costs for outsourcing support services.
The company also expects its pension contributions will go down but there will be a corresponding decline in revenue from electricity customers.
Hydro One’s earnings per share dropped to 25 cents from 27 cents last year. Adjusted earnings were 26 cents per share, up from 22 cents per share last year.
The province sold more of its Hydro One shares during the quarter but continues to be its majority stockholder, with 70.1 per cent of common equity.
The post Hydro One Q2 profit rises 16%, revenue flat compared with last year appeared first on Canadian Business – Your Source For Business News.
The Toronto-based company — which was wholly owned by the Ontario government until last year — says its net income was $152 million, up 16 per cent from the second quarter of 2015.
Revenue barely changed, slipping to $1.55 billion from $1.56 billion.
The electricity distributor says its profit was helped by several factors, including lower bad debt expenses and a drop in costs for outsourcing support services.
The company also expects its pension contributions will go down but there will be a corresponding decline in revenue from electricity customers.
Hydro One’s earnings per share dropped to 25 cents from 27 cents last year. Adjusted earnings were 26 cents per share, up from 22 cents per share last year.
The province sold more of its Hydro One shares during the quarter but continues to be its majority stockholder, with 70.1 per cent of common equity.
The post Hydro One Q2 profit rises 16%, revenue flat compared with last year appeared first on Canadian Business – Your Source For Business News.
Canada Pension Plan Under Financial Pressure
– walletpop.ca
TORONTO — Britain’s vote to leave the European Union was a major drag on Canada’s largest pension fund, but a recovery in stock markets has softened the blow, the new CEO of the Canada Pension Plan Investment Board said Thursday.
Mark Machin, who became the CPPIB’s president and CEO just 10 days before the June 23 referendum, said the Toronto-based fund manager was faced with incredible market volatility after the “leave” side scored its unexpected victory.
“It was a very sharp lurch down in equity markets — anywhere from five to 20 per cent in major markets,” Machin said in an interview. “There was (also) a very big move in the U.K. pound. That was the second major impact.
“The pound’s still down, whereas equity markets have bounced back.”
People hold banners during a “March for Europe” demonstration against Britain’s decision to leave the European Union, in central London, Britain July 2, 2016. The volatility caused by Brexit has damaged the Canada Pension Plan’s investment returns…
