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Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 10th
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
Stock news for investors: Barrick leads earnings gains as major Canadian companies report mixed Q3 results + MORE Nov 13th
Here’s a round-up of news for Canadian investors this week.
Barrick
MEG Energy
Loblaw
Manulife
Linamar
Brookfield
Hydro One
Featured RRSP Accounts
featured
EQ Bank
.... More »
How important are wills and estate planning for Canadians? Jun 20th
In Canada, estate planning is often seen as a formal and complex task reserved for the wealthy. However, it is not like a scene right out of the Knives Out movie franchise, and of course your family doesn’t want any of the drama. That is why estate planning is crucial for Canadians of all ages, ba.... More »
Why are Canadians still frustrated with the economy? Nov 5th
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation’s economy is actually doing a lot better.
Inflation is now at 1.6%, below the Bank of Canada’s 2% target. Interest rates are falling rapidly and mor.... More »
BMO first major bank to lead marijuana equity financing + MORE Jan 18th
The bank is underwriting a $175-million stock sale for Canopy Growth Corp.
.... More »
Planning commission backs big Squaw Valley expansion plan
– canadianbusiness.com
KINGS BEACH, Calif. – The Placer County Planning Commission is recommending approval of a sweeping, controversial development plan at a California ski resort in the Sierra north of Lake Tahoe.
Nearly 100 people offered public comment before the panel voted 4-2 in Kings Beach Thursday night to approve the Squaw Valley expansion project and forward it to the county commission for final consideration.
If approved, Squaw Valley Real Estate would be allowed to add nearly 1,500 motel rooms, condos, time shares and retail space in Olympic Valley over the next 25 years at an estimated cost of up to $1 billion.
Plans also call for construction of a 90,000-square foot indoor adventure centre and water park at the resort that hosted the 1960 Winter Olympics.
Opponents say the project will generate too much pollution, traffic and noise.
Critics including California Attorney General Kamala Harris say the increased traffic also would threaten public safety by raising the risk of traffic accidents, especially in Squaw Valley where just one road connects the valley to Highway 89 south of Truckee…
Nearly 100 people offered public comment before the panel voted 4-2 in Kings Beach Thursday night to approve the Squaw Valley expansion project and forward it to the county commission for final consideration.
If approved, Squaw Valley Real Estate would be allowed to add nearly 1,500 motel rooms, condos, time shares and retail space in Olympic Valley over the next 25 years at an estimated cost of up to $1 billion.
Plans also call for construction of a 90,000-square foot indoor adventure centre and water park at the resort that hosted the 1960 Winter Olympics.
Opponents say the project will generate too much pollution, traffic and noise.
Critics including California Attorney General Kamala Harris say the increased traffic also would threaten public safety by raising the risk of traffic accidents, especially in Squaw Valley where just one road connects the valley to Highway 89 south of Truckee…
Weekend Reading – Shame on some advisors, rich Vancouverites, tools for retirement and more
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Welcome to your Weekend Reading, over a coffee or a beer or a glass of wine this weekend.
Earlier this week I shared how I would manage a $1 million portfolio and for the first time ever on this site, I shared what I thought might be an age whereby we could achieve financial freedom.
To clarify, “freedom journey” this is not about us leaving the workforce for good, cold turkey. It’s about providing more choices regarding how we work, where we work and what we work at. Plans are always estimates about the future, based on what you know and what you don’t know. This makes plans subject to change and we’re open to those changes – but I think it’s important to have some goals to strive towards even if the future is unknown; things associated with family, relationships, career, finance and so on. Anyhow, drop me a comment or an email and let me know what you think about plans shared on this site or in general.
Enjoy your weekend!
First up for Weekend Reading…the financial services industry should be ashamed of this news release…
Welcome to your Weekend Reading, over a coffee or a beer or a glass of wine this weekend.
Earlier this week I shared how I would manage a $1 million portfolio and for the first time ever on this site, I shared what I thought might be an age whereby we could achieve financial freedom.
To clarify, “freedom journey” this is not about us leaving the workforce for good, cold turkey. It’s about providing more choices regarding how we work, where we work and what we work at. Plans are always estimates about the future, based on what you know and what you don’t know. This makes plans subject to change and we’re open to those changes – but I think it’s important to have some goals to strive towards even if the future is unknown; things associated with family, relationships, career, finance and so on. Anyhow, drop me a comment or an email and let me know what you think about plans shared on this site or in general.
Enjoy your weekend!
First up for Weekend Reading…the financial services industry should be ashamed of this news release…
Concordia plunges to two-year low on dividend halt, CFO departure
– theglobeandmail.com
The stock has plummeted 71 per cent this year after a more than seven-fold increase since 2012
CTV NewsNorth American markets down slightly from recent highs, loonie risesCTV NewsTORONTO – The Toronto Stock Exchange and major U.S. markets are down slightly in late morning trading. The S&P/TSX composite index is down 14.84 points at 14,781.22, still near its highest level this year. The Dow Jones industrial average fell by 15.48 …Futures point to lower start as oil prices weakenYahoo Newsall 12 news articles »
North American markets down slightly from recent highs, loonie rises
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange and major U.S. markets are down slightly in late morning trading.
The S&P/TSX composite index is down 14.84 points at 14,781.22, still near its highest level this year.
The Dow Jones industrial average fell by 15.48 points at 18,598.04, the broader S&P 500 composite index barely slipped, down 0.46 of a point to 2,185.33, and the Nasdaq composite lost 1.27 points to 5,227.13.
The Canadian dollar was at 77.33 cents US, up 0.29 of a cent from Thursday’s close.
The September crude contract was up $1.01 at US$44.50 per barrel and September natural gas was up 6.4 cents at US$2.62 per mmBTU.
The December gold contract rose $9 to US$1,351.50 an ounce and September copper contracts fell three cents to US$2.16 a pound.
The post North American markets down slightly from recent highs, loonie rises appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index is down 14.84 points at 14,781.22, still near its highest level this year.
The Dow Jones industrial average fell by 15.48 points at 18,598.04, the broader S&P 500 composite index barely slipped, down 0.46 of a point to 2,185.33, and the Nasdaq composite lost 1.27 points to 5,227.13.
The Canadian dollar was at 77.33 cents US, up 0.29 of a cent from Thursday’s close.
The September crude contract was up $1.01 at US$44.50 per barrel and September natural gas was up 6.4 cents at US$2.62 per mmBTU.
The December gold contract rose $9 to US$1,351.50 an ounce and September copper contracts fell three cents to US$2.16 a pound.
The post North American markets down slightly from recent highs, loonie rises appeared first on Canadian Business – Your Source For Business News.
