How to go about securing the best return for your investment in Canada.
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Frankie earns $53,000 but has a mountain of credit card debt. Can he ever climb out of this hole? Feb 20th
The 24-year-old Toronto writer says tracking his spending was a ‘wake-up call,’ but feels ‘it’s never too late’ to get his financial house back in order.... More »
Can Copy Trading Help to Grow Your Wealth? + MORE Jan 18th
Copy trading is the next big thing in the
financial markets. The feature doesn’t just let you see how other, more
experienced traders manage their portfolios, but copy their moves and
investment decisions directly. It all happens in real-time and allows you to
earn a gross return on your investmen.... More »
Canada’s new real estate war + MORE Jul 19th
The Apple Self Storage building on Adelaide street west in Toronto, ON. (Photograph by Cole Garside)
The basement, wrote the French philosopher Gaston Bachelard in The Poetics of Space, an architectural treatise, “is first and foremost the dark entity of the house, the one that partakes of subterr.... More »
Mortgage broker vs. bank—which will save you more money? Jun 1st
Choosing a mortgage broker or a bank for your home loan will likely influence which mortgage you end up with. On top of that, there are pluses and minuses to both, as we detail in the table below. Before we dive into which may best suit your financial situation, let’s look at the differences betwe.... More »
Making sense of the markets this week: November 23 Nov 20th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
It’s déjà vu vaccine all over again as we make sense of the markets
This week began, like last week, with some very positive (and welcome) news on the vaccine front. As yo.... More »
Ex-executive at NY bank gets 4 years in prison in $38M fraud
– canadianbusiness.com
NEW YORK, N.Y. – A former executive at a New York investment bank who admitted defrauding investors of more than $38 million was sentenced to four years in prison by a judge who cited his gambling addiction as reason for leniency.
“I chose gambling over everything,” Andrew Caspersen, 40, told U.S. District Judge Jed Rakoff in Manhattan.
In July, the graduate of Princeton University and Harvard Law School pleaded guilty to securities and wire fraud, admitting defrauding mostly family and friends of more than $38 million as he worked for PJT Partners Inc., which he also defrauded of over $8 million.
“I lost their money,” he said. “I abused their friendship. I destroyed my family’s name,” said the son of the late Finn M.W. Caspersen, a prominent philanthropist and former chief executive of Beneficial Corp.
Still, Caspersen packed the courtroom with family and friends as well as members of organizations he has joined to fight alcohol and gambling addictions…
“I chose gambling over everything,” Andrew Caspersen, 40, told U.S. District Judge Jed Rakoff in Manhattan.
In July, the graduate of Princeton University and Harvard Law School pleaded guilty to securities and wire fraud, admitting defrauding mostly family and friends of more than $38 million as he worked for PJT Partners Inc., which he also defrauded of over $8 million.
“I lost their money,” he said. “I abused their friendship. I destroyed my family’s name,” said the son of the late Finn M.W. Caspersen, a prominent philanthropist and former chief executive of Beneficial Corp.
Still, Caspersen packed the courtroom with family and friends as well as members of organizations he has joined to fight alcohol and gambling addictions…
When to break up with your financial advisor
– moneysense.ca
TORONTO – When Deborah Ison decided to break up with her financial advisor last year, investment performance had nothing do with her decision.The 45-year-old human resources project manager from Burlington, Ont., was in the midst of a divorce and went to her advisor with pressing questions about her financial obligations. But rather than addressing her concerns, she says, he quizzed her on investment risk tolerance and retirement goals.
It was then and there that Ison decided to make a switch.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}Do you know how much are you are paying for financial advice?
“I had walked into this office pretty much a broken person. My entire future had done a 180. I didn’t know how I was going to pay my mortgage or my bills or my debts,” she says.
“The furthest thing from my mind was my retirement. It seemed like an obtuse and insensitive question for him to be asking me…
Why there's a place for active management in your portfolio, an electric stock pick, and what the U.S. election means for your investments
– theglobeandmail.com
A roundup of investment ideas for active investors
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,509.25, down 74.17 points):
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.23 per cent, to $13.16 on eight million shares.
B2Gold Corp. (TSX:BTO). Miner. Down six cents, or 1.53 per cent, to $3.86 on 7.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 15 cents, or 2.65 per cent, to $5.50 on 6.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down three cents, or 0.60 per cent, to $4.95 on 6.2 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down four cents, or 0.80 per cent, to $4.95 on 5.3 million shares.
ECN Capital Corp. (TSX:ECN). Financial Services. Down four cents, or 1.44 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.20 per cent, to $1.78 on 3.3 million shares. One of Bombardier’s largest Canadian rail customers has threatened to cancel a contract over continued delays in delivering a prototype train in Toronto, handing another blow to the beleaguered company…
Toronto Stock Exchange (14,509.25, down 74.17 points):
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.23 per cent, to $13.16 on eight million shares.
B2Gold Corp. (TSX:BTO). Miner. Down six cents, or 1.53 per cent, to $3.86 on 7.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 15 cents, or 2.65 per cent, to $5.50 on 6.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down three cents, or 0.60 per cent, to $4.95 on 6.2 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down four cents, or 0.80 per cent, to $4.95 on 5.3 million shares.
ECN Capital Corp. (TSX:ECN). Financial Services. Down four cents, or 1.44 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.20 per cent, to $1.78 on 3.3 million shares. One of Bombardier’s largest Canadian rail customers has threatened to cancel a contract over continued delays in delivering a prototype train in Toronto, handing another blow to the beleaguered company…
Tips for U.S. residents buying Canadian real estate
– moneysense.ca
Q: I need help buying Canadian real estate. I’m a Canadian citizen but live almost exclusively in Southern California. I own a home, free and clear, that’s worth almost USD$1.8 million. I’d like to buy a vacation property near Muskoka, Ont. that my son could use when he starts to attend university in southern Ontario. What do I need to know?
— Kerry, San Bernardino, Cali., USA
Romana King, senior editor and real estate specialist at MoneySense:
Over the last decade, as the U.S. housing sector struggled to regain momentum after the 2008 credit crisis, a large number of Canadians have crossed the border to buy a U.S. property. As a result, a ton has been written on the pros and cons of owning an American home. Now, with the impending U.S. election, there’s been chatter, lots of chatter, on whether or not the roles will be reversed: Americans flooding the Canadian housing market (looking for a safe retreat from potential Trump-mania).
If you’re an American or an expat Canadian with an eye for owning real estate in the Great White North, here’s what you need to know…
