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Softening market drives property values down in 2026, says BC Assessment - CityNews Vancouver Jan 4th
Softening market drives property values down in 2026, says BC Assessment CityNews VancouverB.C. assessments: Numbers reflect stable real estate market in Greater Victoria Times ColonistChip Wilson's $73.4M mansion once again tops the list of B.C.'s highest valued homes &nb.... More »
ZTE stock falls after U.S. penalties over Iran, North Korea + MORE Jun 13th
Shares in ZTE Corp. fell 42 percent Tuesday in Hong Kong on their first trading day after the Chinese telecoms equipment maker agreed to pay a $1 billion US penalty to the U.S. government and replace its top managers..... More »
Is AI coming for my job? + MORE May 8th
Nearly two years after ChatGPT asked “Hello! How can I assist you today?”, a majority of Canadians worry the latest wave of artificial intelligence (AI) will replace jobs done by human workers. In a February survey by Leger, 75% of respondents held this view. The overwhelming consensus is that A.... More »
The best TFSAs in Canada for 2021 Sep 20th
As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contributions—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowing you .... More »
Hedging against inflation with dividend-paying stocks + MORE Apr 1st
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Ages 0 to 6: Their first money moves
– moneysense.ca
Money is the greatest teaching tool of all time. And when you throw kids and parents into the mix, it has the power to change lives. Years back, I watched as my own preschool-aged children, Luca and Laura, figured out that if you’ve got cash, you can get stuff. The summery jingle of the ice-cream truck was enough for them to drop any toy they had in the sandbox and bolt into the house demanding a couple of loonies for ice-cream—QUICK!—before the truck left. As my pockets were picked dry daily, I realized it was time to start teaching them the value of money.Money experts will tell you I probably started too late. “Kids should be given a bit of spending money as soon as they are old enough not to eat it,” says Certified Financial Planner Trevor Van Nest. “Learning about money will be a lifelong process for them.” In fact, Van Nest and other financial experts generally agree that kids as young as two often understand more about money than parents give them credit for. “Just by watching you buy things at the store, they quickly figure out who has the power,” says Minnesota-based financial educator Ruth Hayden…
Why financial markets are trembling over central bankers
– theglobeandmail.com
Comments ripple through stocks, bonds, currencies
My kid called from college and is broke…again
– moneysense.ca
Some parents never get this call. Others find it’s a monthly tradition. Ultimately, you’ve only got two options: Bail him out with an emergency cash drop or drop off a jar of peanut butter and a loaf of Wonder Bread and let him sweat it out until the next payday.
Truth is, by the time your kid is calling from college, you’ve probably already missed your first opportunity to teach this crucial life lesson.
Basic budgeting is a skill that’s best taught early, says MoneySense Approved financial planner Heather Franklin. With her own kids, she started years before they graduated from high school, by doling out their allowance less often and in ever greater increments.
“That way they learned to manage their money for movies and clothing for longer stretches,” she says. “If a person is sent off to university without basic skills how can you expect them to magically develop? It doesn’t happen through osmosis.”
But that doesn’t quite answer the question. This does: Peanut butter is cheap and an excellent source of protein; beer is not…
Truth is, by the time your kid is calling from college, you’ve probably already missed your first opportunity to teach this crucial life lesson.
Basic budgeting is a skill that’s best taught early, says MoneySense Approved financial planner Heather Franklin. With her own kids, she started years before they graduated from high school, by doling out their allowance less often and in ever greater increments.
“That way they learned to manage their money for movies and clothing for longer stretches,” she says. “If a person is sent off to university without basic skills how can you expect them to magically develop? It doesn’t happen through osmosis.”
But that doesn’t quite answer the question. This does: Peanut butter is cheap and an excellent source of protein; beer is not…
Software company OpenText signs deal to buy Dell EMC division for US$1.62B
– canadianbusiness.com
WATERLOO, Ont. – Business software company OpenText Corp. (TSX:OTC) says it has signed a deal to buy Dell EMC’s enterprise content division for US$1.62 billion.
Under terms of the deal, the software, associated services, and employees in the division will be integrated into OpenText.
OpenText says the deal strengthens its enterprise information management business.
The purchase price is 2.7 times the division’s revenue of US$599 million in its 2015 financial year.
The deal is expected to close within 90 to 120 days and is subject to regulatory approval and customary closing conditions.
The companies also say they plan to negotiate a strategic commercial partnership to expand customer offerings.
The post Software company OpenText signs deal to buy Dell EMC division for US$1.62B appeared first on Canadian Business – Your Source For Business News.
Under terms of the deal, the software, associated services, and employees in the division will be integrated into OpenText.
OpenText says the deal strengthens its enterprise information management business.
The purchase price is 2.7 times the division’s revenue of US$599 million in its 2015 financial year.
The deal is expected to close within 90 to 120 days and is subject to regulatory approval and customary closing conditions.
The companies also say they plan to negotiate a strategic commercial partnership to expand customer offerings.
The post Software company OpenText signs deal to buy Dell EMC division for US$1.62B appeared first on Canadian Business – Your Source For Business News.
How to explain net worth to your kids
– moneysense.ca
Your net worth is the sum of all your assets and liabilities. It’s a basic calculation that will help determine your financial worthiness with banks and creditors. If you want to buy a house, rent a car or just get an apartment, it’s an important figure to know.
1. “You make $200 a week, right? That’s an asset. Call it $10,400 annually.”
2. “How much is your bike worth? $1,500?! Okay, also an asset.”
3. “But your student loan is a liability. It’s $5,730 a year.”
4. “So your assets add up to $11,900. But you have a liability of $5,730. Subtract your liabilities from your assets and your net worth is $6,170.”
5. “But you’re priceless to me.”
More tips on how to raise money-wise kids:
Ages 0 to 6: My first money moves »
Ages 7 to 12: Saving not spending »
Ages 13 to 17: Big kids, bigger budget »
Ages 18+: Preparing to launch »
How to explain…
Basic budgeting to kids »
Compound interest to kids »
Ways your kids can earn and save
Run a successful lemonade stand »
Save money at school »
More tips:
How can I avoid money tantrums? »
Should you pay your kids to volunteer? »
Should I buy my 10-year-old a smartphone? »
Does my kid need a clothing allowance? »
Should I give my teen a credit card? »
My kid called from college and is broke again »
1. “You make $200 a week, right? That’s an asset. Call it $10,400 annually.”
2. “How much is your bike worth? $1,500?! Okay, also an asset.”
3. “But your student loan is a liability. It’s $5,730 a year.”
4. “So your assets add up to $11,900. But you have a liability of $5,730. Subtract your liabilities from your assets and your net worth is $6,170.”
5. “But you’re priceless to me.”
More tips on how to raise money-wise kids:
Ages 0 to 6: My first money moves »
Ages 7 to 12: Saving not spending »
Ages 13 to 17: Big kids, bigger budget »
Ages 18+: Preparing to launch »
How to explain…
Basic budgeting to kids »
Compound interest to kids »
Ways your kids can earn and save
Run a successful lemonade stand »
Save money at school »
More tips:
How can I avoid money tantrums? »
Should you pay your kids to volunteer? »
Should I buy my 10-year-old a smartphone? »
Does my kid need a clothing allowance? »
Should I give my teen a credit card? »
My kid called from college and is broke again »
The post How to explain net worth to your kids appeared first on MoneySense.
