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Disaster and the Wealth of Nations + MORE Aug 28th
Texans will rebound from the awful flooding with their usual élan..... More »
Young Canadians sue CPP Investments over climate risks + MORE Oct 30th
Canada’s largest pension fund is being sued by four young Canadians who claim that CPP Investments is failing to properly manage climate-related financial risk.
The four allege in a lawsuit filed in the Ontario Superior Court of Justice on Monday that the investment manager for the Canada .... More »
Verizon reaches tentative deal to lower price of Yahoo sale: report + MORE Feb 15th
The revised deal would lower by about $250-million the price to acquire Yahoo’s core internet assets
.... More »
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day - CTV News Dec 2nd
‘See people, not the virus’: HIV Edmonton aims to end stigma on World Aids Day CTV NewsMessage from the Minister of Health and the Minister of Indigenous Services on World AIDS Day and Indigenous AIDS Awareness Week canada.caHIV rates on the rise since start of COVID-19 pan.... More »
How to cope with the RRSP-to-RRIF deadline in your early 70s + MORE Mar 21st
As I wrote in my previous column on Fred Vettese’s PERC, I’ve reached the age when my registered retirement savings plan (RRSP) will soon have to be converted to a registered retirement income fund (RRIF) and/or annuitized. I turn 71 in early April, which means I have until the end of December 2.... More »
US home sales reach strongest pace in nearly a decade
– canadianbusiness.com
WASHINGTON – Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump.
The National Association of Realtors said Tuesday that sales of existing homes rose 2 per cent to a seasonally adjusted annual rate of 5.6 million. Sales reached their strongest pace since February 2007, a sign that the market is still healing from the collapsing prices and foreclosures that ignited the 2008 financial crisis.
A stable job market and historically cheap borrowing costs have spurred demand from homebuyers this year. But sales growth has been tempered somewhat by accelerating prices and a shortage of properties on the market. Sales gains could possibly slow in the coming months as rising mortgage rates are making home loans more expensive.
“Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record,” said Svenja Gudell, chief economist at the real estate firm Zillow…
The National Association of Realtors said Tuesday that sales of existing homes rose 2 per cent to a seasonally adjusted annual rate of 5.6 million. Sales reached their strongest pace since February 2007, a sign that the market is still healing from the collapsing prices and foreclosures that ignited the 2008 financial crisis.
A stable job market and historically cheap borrowing costs have spurred demand from homebuyers this year. But sales growth has been tempered somewhat by accelerating prices and a shortage of properties on the market. Sales gains could possibly slow in the coming months as rising mortgage rates are making home loans more expensive.
“Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record,” said Svenja Gudell, chief economist at the real estate firm Zillow…
Markets Right Now: Stocks climb on strong earnings
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in financial markets (All times local):
9:35 a.m.
U.S. stocks are rising further into record territory in early trading a day after rising energy prices lifted equities to new heights.
Strong quarterly earnings from a raft of food and retail companies also boosted stocks on Tuesday.
Campbell Soup gained 4 per cent and Hormel rose 5 per cent.
Discount retailer Dollar Tree jumped 9 per cent and Burlington Stores soared 16 per cent.
The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 18,991. The Standard & Poor’s 500 index gained 4 points, or 0.2 per cent, to 2,203. The Nasdaq composite added 19 points, or 0.4 per cent, to 5,389.
The post Markets Right Now: Stocks climb on strong earnings appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
U.S. stocks are rising further into record territory in early trading a day after rising energy prices lifted equities to new heights.
Strong quarterly earnings from a raft of food and retail companies also boosted stocks on Tuesday.
Campbell Soup gained 4 per cent and Hormel rose 5 per cent.
Discount retailer Dollar Tree jumped 9 per cent and Burlington Stores soared 16 per cent.
The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 18,991. The Standard & Poor’s 500 index gained 4 points, or 0.2 per cent, to 2,203. The Nasdaq composite added 19 points, or 0.4 per cent, to 5,389.
The post Markets Right Now: Stocks climb on strong earnings appeared first on Canadian Business – Your Source For Business News.
Couche-Tard boosts dividend; profit dips
– theglobeandmail.com
Convenience store operator says it is raising its quarterly dividend by 16 per cent to nine cents a share
Dow tops 19,000 as retailers lead stocks to new records
– canadianbusiness.com
NEW YORK, N.Y. – The Dow Jones industrial average crossed 19,000 for the first time as the stock market extended its reach further into record territory. The gains came a day after four major market indexes closed at all-times highs at the same time, something that hadn’t happened since 1999.
Retailers are surging as discount store chains Dollar Tree and Burlington Stores raising their forecasts. Food producers Campbell Soup and Hormel are climbing after they reported strong quarterly results.
KEEPING SCORE: The Dow was up 24 points, or 0.1 per cent, to 18,892 as of 10:52 a.m. Earlier it went as high as 19,014. The Standard & Poor’s 500 index picked up 2 points, or 0.1 per cent, to 2,200. The Nasdaq composite gained 12 points, or 0.2 per cent, to 5,381. The Russell 2000 index, which tracks smaller companies, rose 0.4 per cent. It’s setting records as well and is trading higher for the 13th day in a row.
BARGAIN HUNTING: Shoppers continued to flock to discount stores, which has helped those retailers while hurting other brands…
Retailers are surging as discount store chains Dollar Tree and Burlington Stores raising their forecasts. Food producers Campbell Soup and Hormel are climbing after they reported strong quarterly results.
KEEPING SCORE: The Dow was up 24 points, or 0.1 per cent, to 18,892 as of 10:52 a.m. Earlier it went as high as 19,014. The Standard & Poor’s 500 index picked up 2 points, or 0.1 per cent, to 2,200. The Nasdaq composite gained 12 points, or 0.2 per cent, to 5,381. The Russell 2000 index, which tracks smaller companies, rose 0.4 per cent. It’s setting records as well and is trading higher for the 13th day in a row.
BARGAIN HUNTING: Shoppers continued to flock to discount stores, which has helped those retailers while hurting other brands…
What is in a financial plan?
– moneysense.ca
Q: With a fee-only financial planner, what would I receive in a financial plan?—James
A: The short answer, James, is it depends. Now, for the long answer.
The financial planning profession is not regulated, so there are a wide variety of financial planners out there. In fact, Quebec is the only province with any rules in what is otherwise the wild west.
Someone can only put themselves out there as a financial planner in Quebec if they have a Pl.Fin designation from the Institut québécois de planification financière (IQPF) or they hold the Certified Financial Planner (CPF) designation from the Financial Planning Standards Council (FPSC).
Ask a Planner: Leave your question for Jason Heath »
In other provinces, anybody can call themselves a financial planner. But the CFP designation is a good starting point. It’s an international benchmark.
What a financial plan entails is equally broad, James. Not only is the term “financial planner” unregulated, but the provision of financial planning advice is effectively unregulated as well…
