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Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer The Hill TimesCanadian Cancer Society fights financial burden of disease on World Cancer Day CTV NewsEven with health care, cancer inflicts ‘enormous financial strain’ on patients&nbs.... More »
Adidas unsure what to do with €1.2bn Yeezy goods - BBC Mar 9th
Adidas unsure what to do with €1.2bn Yeezy goods BBCAdidas earnings take beating on breakup with Kanye West CTV NewsAdidas CEO Floats Idea of Selling Yeezy Gear, Donating Profit BNN BloombergAdidas still weighing what to do with huge inventory of Kanye West’s Yee.... More »
Best online brokers in Canada for 2020 + MORE Jul 17th
NOTE: These rankings are based on data collected before June 1, 2020 and do not reflect changes which may have taken place since then.
A penny saved, as they say, is a penny earned. That’s certainly the case for Canada’s self-directed investors, who are embracing the ultra-low fees offered by .... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
5 things to know before the stock market opens Thursday - CNBC Apr 20th
5 things to know before the stock market opens Thursday CNBCStocks muted as investors weigh earnings, Beige Book: Stock market news today Yahoo Canada FinanceStocks Pressured as Bond Yields Climb on Inflation Concerns BarchartThe close: Toronto market pares its decli.... More »
The rise and likely demise of the trailer fee
– moneysense.ca
Regulators are seeking input on the best way to compensate advisors for their advice in the event of a ban on embedded trailer commissions for mutual funds. While many investors don’t even know these fees exist, they’ve become a $5-billion hot potato and their days look numbered as transparency increases and we see a boom in low-fee alternatives such as exchange-traded funds (ETFs).
What comes next?
Regulators have indicated they are exploring a ban but are at this point just asking for input on how an alternative fee-for-advice might work. Expect a noisy debate this fall.
The post The rise and likely demise of the trailer fee appeared first on MoneySense.
Survey: More first-timers than expected are now buying homes
– canadianbusiness.com
WASHINGTON – First-time buyers may be entering the U.S. home market in greater numbers than industry watchers had assumed.
Nearly half of sales in the past year went to people who were buying their first home, according to a survey released Tuesday by the real estate firm Zillow. That’s a much higher proportion of the market than some other industry estimates had indicated.
Zillow’s survey results suggest that this year’s growth in home sales has come largely from a wave of couples in their 30s, who are the most common first-time buyers. If that trend were to hold, it could raise hopes that today’s vast generation of 18-to-34-year-old millennials will help support the housing market as more of them move into their 30s.
That’s among the findings in a 168-page report by Seattle-based Zillow. Its survey also found that home ownership is increasingly the domain of the college-educated. And it indicated that older Americans who are seeking to downsize are paying premiums for smaller houses…
Nearly half of sales in the past year went to people who were buying their first home, according to a survey released Tuesday by the real estate firm Zillow. That’s a much higher proportion of the market than some other industry estimates had indicated.
Zillow’s survey results suggest that this year’s growth in home sales has come largely from a wave of couples in their 30s, who are the most common first-time buyers. If that trend were to hold, it could raise hopes that today’s vast generation of 18-to-34-year-old millennials will help support the housing market as more of them move into their 30s.
That’s among the findings in a 168-page report by Seattle-based Zillow. Its survey also found that home ownership is increasingly the domain of the college-educated. And it indicated that older Americans who are seeking to downsize are paying premiums for smaller houses…
Before the Bell: Stocks set to rise on strong earnings
– theglobeandmail.com
A look at overnight markets and what's ahead this trading day in North America
Trading gains drive Goldman Sachs’ profits sharply higher
– canadianbusiness.com
NEW YORK, N.Y. – Goldman Sachs’ earnings soared in the third quarter, driven largely by trading and investment gains. The results easily surpassed analysts’ estimates.
The New York-based company said Tuesday that it earned $2.1 billion, or $4.88 per share, up from $1.33 billion, or $2.90 per share, in the same period a year earlier. Wall Street analysts were expecting Goldman to earn $3.82 a share, according to FactSet.
While the firm’s investment banking division reported flat revenue, Goldman’s trading desks and the division where it invests its own money did exceptionally well.
Revenue in Goldman’s fixed income, currencies and commodities division jumped 34 per cent to $1.96 billion. Goldman benefited from similar forces that helped boost trading of other major Wall Street banks, including JPMorgan Chase, Citigroup and Bank of America.
Wall Street banks benefited from volatility in bond and currency markets in the third quarter as Britain voted to leave the European Union, sending the pound swinging wildly, and as investors tried to guess when the Federal Reserve will begin raising interest rates…
The New York-based company said Tuesday that it earned $2.1 billion, or $4.88 per share, up from $1.33 billion, or $2.90 per share, in the same period a year earlier. Wall Street analysts were expecting Goldman to earn $3.82 a share, according to FactSet.
While the firm’s investment banking division reported flat revenue, Goldman’s trading desks and the division where it invests its own money did exceptionally well.
Revenue in Goldman’s fixed income, currencies and commodities division jumped 34 per cent to $1.96 billion. Goldman benefited from similar forces that helped boost trading of other major Wall Street banks, including JPMorgan Chase, Citigroup and Bank of America.
Wall Street banks benefited from volatility in bond and currency markets in the third quarter as Britain voted to leave the European Union, sending the pound swinging wildly, and as investors tried to guess when the Federal Reserve will begin raising interest rates…
Markets Right Now: Stocks open higher on Wall Street
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
9:35 a.m.
Strong earnings reports from a number of companies are driving solid gains on Wall Street in early trading.
Netflix soared 19 per cent early Tuesday after reporting earnings late Monday that were far better than analysts were expecting. Goldman Sachs rose 2 per cent and Comerica gained 3 per cent after both banks also reported better-than-expected results.
Safe-play stocks lagged the market. Phone companies and utilities posted the smallest gains of the 11 sectors in the Standard & Poor’s 500 index.
The Dow Jones industrial average rose 113 points, or 0.6 per cent, to 18,200.
The S&P 500 index climbed 15 points, or 0.7 per cent, to 2,142. The Nasdaq composite increased 51 points, or 1 per cent, to 5,250.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.78 per cent.
The post Markets Right Now: Stocks open higher on Wall Street appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
Strong earnings reports from a number of companies are driving solid gains on Wall Street in early trading.
Netflix soared 19 per cent early Tuesday after reporting earnings late Monday that were far better than analysts were expecting. Goldman Sachs rose 2 per cent and Comerica gained 3 per cent after both banks also reported better-than-expected results.
Safe-play stocks lagged the market. Phone companies and utilities posted the smallest gains of the 11 sectors in the Standard & Poor’s 500 index.
The Dow Jones industrial average rose 113 points, or 0.6 per cent, to 18,200.
The S&P 500 index climbed 15 points, or 0.7 per cent, to 2,142. The Nasdaq composite increased 51 points, or 1 per cent, to 5,250.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.78 per cent.
The post Markets Right Now: Stocks open higher on Wall Street appeared first on Canadian Business – Your Source For Business News.
