At midday: TSX falls as lower commodity prices pressure energy, miners – The Globe and Mail + MORE Nov 11th

Q:  We are in our sixties and still have a $310,000 mortgage. We are paying about $600 per month for life and disability insurance. Can this insurance be cancelled? We’d like to use these funds to help pay down our mortgage sooner.
— Retiring in debt, Vancouver 

Ayana Forward is a certified financial planner in Ottawa:  
You can cancel life insurance in writing at anytime, but I wouldn’t recommend that course of action unless you have or can obtain sufficient coverage elsewhere at a lower rate. Without knowing what other assets and coverages you currently have in place it would be difficult to advise you on your particular situation. Your current health status would also be a consideration when advising you on the best next steps. You can always shop around for a term policy that covers a period of time that matches the remaining amortization of your mortgage, which may end up being cheaper than what you are currently paying. I would also double check the conditions around the disability portion of your policy as most don’t payout past age 65, so you might be paying a high premium for something that could have little or no benefit to you…

Trump faces a delicate task: juggling real estate dealings with the affairs of his new day job

The company that owns the Bay, Lord & Taylor and Saks Fifth Avenue says sales across most of its retail business have fallen below expectations and it’s revising estimates for the 2016 financial year.

Learn, save, invest and prosper with My Own Advisor.
Welcome to a Remembrance Day edition of Weekend Reading.
Here were my posts over the last week:
October 2016 Dividend Income Update.
Top Canadian Dividend ETFs for your Portfolio.
I encourage you to take some time this weekend to remember those who fought for all the freedoms we enjoy today.  It’s because of their sacrifices that despite some turmoil now and again, we live in the greatest country in the world. #LestWeForget
We also owe the men and women who continue to serve our country the utmost respect and gratitude – so thank you.
Cait Flanders is set to sell thousands of copies of her mindful budgeting planner for 2017.
Barry Choi told us about the stark realities if you can’t pay your credit card bill.
I liked what Bridget Eastgaard told her friends at Tangerine Bank recently:

Tom Drake said a good way to increase your income is to start a home-based business.
Dividend Growth Investor said timing the market is both costly and risky…

Toronto StarAt midday: TSX falls as lower commodity prices pressure energy, minersThe Globe and MailCanada's main stock index fell on Friday as lower commodity prices pressured the shares of energy and mining companies, while financials and industrials also lost ground. At 11:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down …TSX, Canadian dollar awash in losses in morning tradingToronto StarToronto stock market, Canadian dollar, gold futures awash in lossesTheChronicleHerald.caStock markets rise slightly as investors await US election results680 NewsReutersall 72 news articles »