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TSX rallies, while New York stocks head lower before late-day bounce + MORE Dec 27th
A day after Wednesday's dramatic rise, New York stock markets reversed course and headed downwards amid uncertainty over trade and U.S. growth, then had another change of direction in the final hour of trading and ended in positive territory..... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
What is growth investing? Nov 3rd
If you’re the type of investor who is attracted to stocks that have the potential for outsized returns, then growth investing—whether through individual stocks, ETFs or a combination—might be the right fit for you. Growth investors look for companies with above-average growth prospects in thei.... More »
Making sense of the markets this week: August 16 Aug 14th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Come on, tax me. I’m Canadian.
Will taxes go up in Canada? How will we pay for the pandemic? There are many guesses and rumblings about upcoming tax hikes. In a previous p.... More »
2018 will be the year of allyship + MORE Dec 28th
People chant and hold up with placards as they attend a Black Lives Matter event on August 5, 2016. (Daniel Leal-Olivas/Getty)
Melayna Williams holds a J.D., and is the director of the Rights Advocacy Coalition for Equality (R.A.C.E.).
It’s been quite a year for race and advocacy in Canada. We hav.... More »
Scotiabank reports higher Q3 earnings, sets aside less money for bad loans – CBC.ca
– news.google.ca
CBC.caScotiabank reports higher Q3 earnings, sets aside less money for bad loansCBC.caScotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from all of its domestic and international banking operations. The bank made $1.96 billion in the three months that ended July 31, up six …and more »
Retirement planning in a second marriage
– moneysense.ca
Q: My fiancé and I are both in our mid-50s and own a new home in Vancouver with no mortgage. We are planning for retirement. I have a defined government pension plan currently at $100,000 and an RRSP with a $150,000 market value.
My fiancé does not have a pension plan, but has $450,000 in an RRSP.
We both owned a home separately before and the net proceeds from the sale of both homes is $750,000.
Should I retire now or wait until I qualify for full pension in 2021 when my fiancé retires?
What is your investment strategy recommendation for the $750,000?
—Tina
A: It sounds like you and your fiancé are in a good position as a potential early retirement approaches, Tina. A red-hot Vancouver housing market has no doubt helped.
One thing I will question is the value of your government pension plan. Is it a $100,000 per year pension? That seems like a high pension for someone in their mid-50s to have earned, especially given that you have a decent RRSP next-egg so likely weren’t in the pension your whole career…
Scotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from its domestic and international banking operations.
Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall
– canadianbusiness.com
TORONTO – The Toronto stock market was a rare bright spot in morning trading today as American indexes, oil, gold and the loonie all lost ground.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader S&P 500 composite index declined 5.4 points to 2,174.98 and the Nasdaq composite lost 12.63 points to 5,219.70.
The Canadian dollar was at 76.42 cents US, down 0.37 of a cent from Monday’s close.
The October crude contract was down 51 cents at US$46.47 per barrel and October natural gas was down 1.4 cents at US$2.88 per mmBTU.
December gold dropped $5.50 to US$1,322.00 an ounce and December copper contracts fell nearly a cent to US$2.07 a pound.
Note to readers: This is a corrected story. A previous version had an incorrect figure for the Dow Jones industrial average.
The post Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader S&P 500 composite index declined 5.4 points to 2,174.98 and the Nasdaq composite lost 12.63 points to 5,219.70.
The Canadian dollar was at 76.42 cents US, down 0.37 of a cent from Monday’s close.
The October crude contract was down 51 cents at US$46.47 per barrel and October natural gas was down 1.4 cents at US$2.88 per mmBTU.
December gold dropped $5.50 to US$1,322.00 an ounce and December copper contracts fell nearly a cent to US$2.07 a pound.
Note to readers: This is a corrected story. A previous version had an incorrect figure for the Dow Jones industrial average.
The post Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall appeared first on Canadian Business – Your Source For Business News.
At the open: TSX rises, supported by bank earnings, higher oil
– theglobeandmail.com
Wall Street starts little changed
