Five things to watch for in the Canadian business world in the coming week + MORE Nov 13th

Prime Minister Justin Trudeau will take an important step Monday toward his ambitious goal of turning Canada into a magnet for foreign investment when he meets with some of the world’s most powerful institutional investors with trillions of dollars at their disposal.

TORONTO – Five things to watch this week in Canadian business:
Money Talk: Investment management giant BlackRock hosts a meeting Monday in Toronto between global financiers and several federal cabinet ministers including Bill Morneau of Finance. Ottawa’s big spending proposals, including plans to set up an infrastructure bank to expedite projects with public and private money, serve as the backdrop for the discussion.
Trudeau Travels: Prime Minister Justin Trudeau heads south beginning Tuesday for a six-day trip. He’ll make stops in Cuba and Argentina before arriving in Peru next Saturday for an APEC meeting, where freer trade and investment in a market of 2.8 billion people are on the agenda.
Ontario Fiscal Update: Ontario Finance Minister Charles Sousa will deliver an update Monday on the state of the province’s finances. He is also expected to provide some measure of relief for first-time homebuyers struggling to enter Toronto’s housing market, where prices are creeping towards Vancouver levels…

OTTAWA – Prime Minister Justin Trudeau will take an important step Monday toward his ambitious goal of turning Canada into a magnet for foreign investment when he meets with some of the world’s most powerful institutional investors with trillions of dollars at their disposal.
Trudeau is hoping to persuade some two dozen representatives of large international pools of capital — including central banks, sovereign wealth funds, insurers and pension funds whose combined assets are worth a staggering $21 trillion (Cdn) — that Canada offers a stable economic and political environment in which to safely invest.
He will be accompanied by nine members of cabinet, including Finance Minister Bill Morneau, Infrastructure Minister Amarjeet Sohi, Transport Minister Marc Garneau, and Health Minister Jane Philpott. Trudeau and four of the ministers also set to make their pitch to about a dozen Canadian investors — insurance companies and big pension funds like the Canada Pension Plan Investment Board — in the morning before meeting with the international investors in the afternoon…

Starting in January, Canada’s federal banking regulator, the Office of the Superintendent of Financial Institutions, will require banks and insurers to hold more capital against mortgages in housing markets where home prices appear to be high compared to incomes

Learn, save, invest and prosper with My Own Advisor.
Our investing goals are rather simple:  to use dividend income generated from our portfolio to cover most of life’s basic expenses.
With that statement you might be wondering what I consider basic expenses…
Here’s a list of expenses that our dividend income should cover within another 10 years:

Property taxes (currently $4,200 per year)
Home maintenance (around $4,800 per year)
Home utilities (heat, hydro, water, internet) (around $4,000 per year)
Home insurance (currently $1,500 per year)
Food and household supplies (up to $12,000 per year)
Healthcare needs ($3,000-$4,000 per year).

That’s the list and this is where we believe this goal of $30,000 per year in dividend income will help us.
The basics do not include any contingency money, new clothing money, funds to cover car expenses, travel or entertainment – so I believe we’ll need more than $30,000 per year to live from.
How are we going to fund the basics and beyond?
We’ve done some math…