TSX getting you down? There are always sound investment alternatives.
Latest News
Dow futures tumble 600 points and oil surges as West pours on Russian sanctions - CNN Feb 28th
Dow futures tumble 600 points and oil surges as West pours on Russian sanctions CNNChina shares fall as fresh sanctions on Russia dampen sentiment Financial PostDow futures fall more than 400 points as traders assess ripple effects of Russia sanctions CNBCS&P 500.... More »
Wealthsimple review 2022 + MORE Jun 28th
After eight years on the marketplace, the Wealthsimple brand has developed a strong reputation for offering easy-to-use, low-fee financial services online. But it’s come a long way since its humble beginnings exclusively as a robo-advisor, branching out to include a discount brokerage (Wealthsimpl.... More »
What does a fee-only financial planner do, exactly? Sep 16th
Q. How do you make money, Jason, if you don’t sell any products?
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »
Boycotting the U.S. may be harmful to your investment returns Aug 3rd
Whatever you might think of Donald Trump, the U.S. economy has been on a roll, and so has its stock markets, writes Gordon Pape..... More »
Food App Couriers Rely on Tips—but Customers Are No Longer Feeling Generous + MORE Aug 23rd
Food-app delivery workers are becoming more and more frustrated with the tips they are receiving from customers. On social media, people who work for apps like Uber Eats, Skip the Dishes and DoorDash are posting videos of their daily earnings, revealing they can make as little as $3 per order—that.... More »
RBC acquitted in Bahamian tax fraud case
– theglobeandmail.com
Canadian bank’s Bahamian wealth management subsidiary acquitted for alleged role in scheme involving billionaire art dealer Guy Wildenstein
Loonie rises against U.S. dollar as greenback drops after Trump remark
– canadianbusiness.com
TORONTO _ The loonie was up nearly three-quarters of a U.S. cent following a Wall Street Journal report that says President-elect Donald Trump thinks the U.S. dollar is “too strong.”
As North American stock markets were opening this morning, the Canadian dollar was worth nearly 76.67 cents US _ up seven-tenths of a cent from Monday.
The value of the U.S. dollar is important for Canada and other trading partners of the United States.
Trump’s comments about the U.S. dollar were published late Monday in a story on the Journal’s website about the president-elect’s criticism of a Republican alternative to his proposal for import tariffs.
Trump said he thought the U.S. dollar was already too strong because China _ which has the world’s second-biggest economy after the United States _ holds down its currency.
“Our companies can’t compete with them now because our currency is too strong. And it’s killing us,” he told the Journal.
A commentary Tuesday by Scotiabank’s foreign exchange team said it wasn’t clear whether Trump was saying the U…
As North American stock markets were opening this morning, the Canadian dollar was worth nearly 76.67 cents US _ up seven-tenths of a cent from Monday.
The value of the U.S. dollar is important for Canada and other trading partners of the United States.
Trump’s comments about the U.S. dollar were published late Monday in a story on the Journal’s website about the president-elect’s criticism of a Republican alternative to his proposal for import tariffs.
Trump said he thought the U.S. dollar was already too strong because China _ which has the world’s second-biggest economy after the United States _ holds down its currency.
“Our companies can’t compete with them now because our currency is too strong. And it’s killing us,” he told the Journal.
A commentary Tuesday by Scotiabank’s foreign exchange team said it wasn’t clear whether Trump was saying the U…
Financial impact of Fort McMurray wildfire reaches $9.5 billion: study
– canadianbusiness.com
EDMONTON _ An assessment of the total financial impact of last spring’s Fort McMurray wildfire is pegging the direct and indirect costs of the blaze at $9.5 billion.
The figure includes the expense of replacing buildings and infrastructure as well as lost income, profits and royalties in the oilsands and forestry industries, said MacEwan University economist Rafat Alam.
It also includes early estimates on indirect costs such as environmental damage, lost timber and physical and mental-health treatment.
The estimate will go even higher, Alam said Tuesday.
“It’s not fully done yet. More data kept coming and I’m sure it will keep coming in.”
Alam said it can take up to 10 years to get a complete picture of everything that happened and what it cost.
His figure dwarfs the $3.7 billion insurance companies have estimated they will pay out.
The blaze destroyed 1,800 single-family homes and numerous other structures and forced more than 80,000 people to leave.
The fire began in a remote forested area southwest of the city on May 1 during a spell of unusually hot and dry spring weather…
The figure includes the expense of replacing buildings and infrastructure as well as lost income, profits and royalties in the oilsands and forestry industries, said MacEwan University economist Rafat Alam.
It also includes early estimates on indirect costs such as environmental damage, lost timber and physical and mental-health treatment.
The estimate will go even higher, Alam said Tuesday.
“It’s not fully done yet. More data kept coming and I’m sure it will keep coming in.”
Alam said it can take up to 10 years to get a complete picture of everything that happened and what it cost.
His figure dwarfs the $3.7 billion insurance companies have estimated they will pay out.
The blaze destroyed 1,800 single-family homes and numerous other structures and forced more than 80,000 people to leave.
The fire began in a remote forested area southwest of the city on May 1 during a spell of unusually hot and dry spring weather…
GM to add or keep 7,000 US jobs, make $1B factory investment
– canadianbusiness.com
DETROIT _ General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump.
In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.
Trump has demanded the auto industry build more cars in the U.S. GM said these latest actions have been in the works since well before the election, although spokesman Patrick Morrissey acknowledged it’s a good time to announce new jobs in the U.S. Trump will be sworn in as the nation’s 45th president Friday.
“There’s no question there is an emphasis on job creation in the U.S. right now,” he said. “This is good timing for us to share what we are doing…
In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.
Trump has demanded the auto industry build more cars in the U.S. GM said these latest actions have been in the works since well before the election, although spokesman Patrick Morrissey acknowledged it’s a good time to announce new jobs in the U.S. Trump will be sworn in as the nation’s 45th president Friday.
“There’s no question there is an emphasis on job creation in the U.S. right now,” he said. “This is good timing for us to share what we are doing…
Our lofty goal to build a $1 million portfolio
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.I don’t really care how often you read or hear that “a million ain’t what it used to be”. While true, one million dollars is still a huge chunk of change.
…And we’re working our way towards that amount. Slowly. Month by month and year by year. Why? That’s what we figure we need to semi-retire.
How? By when?
Read on.
TFSAs provide tax-free investing power
Although Tax Free Savings Accounts (TFSAs) have been around for less than 10 years, they are a great wealth building tool if used properly. Think about it: tax free money. Do you really want your money just kept in cash savings? I suggest you make your money work for you. I won’t go into the details, you can read up on the TFSA here. This account can be much more than a savings account.
Example: a 30-year-old working professional who starts investing their $5,500 (this year’s annual contribution limit) and continues maxing out their account contributions for the next 40 years could retire with a $1-million in the TFSA alone!
We work hard to maximize contributions to our TFSAs every year…
