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RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st
Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators
.... More »
Does a spouse’s real estate ownership cancel out first-time homebuyer qualifications? Jun 5th
Q. My husband and I married recently, and we have lived together in a rental apartment since we got engaged and married. He has a condo, which he purchased seven years ago, but he has not lived there for the past three years. I’ve never lived in that condo and he didn’t use the Home Buyers’ Pl.... More »
Meet Canada’s All-Star Stocks + MORE Nov 7th
This is Kickstart—the daily morning management briefing on innovation, leadership, technology and the economy from the editors of Canadian Business. Sign up to get it directly to your inbox each weekday at 6 AM Eastern.
Good morning! Here’s what’s on our radar at the moment:
Meet Canada.... More »
Weather tracker: how did Hurricane Fiona maintain intensity so far north? - The Guardian Sep 26th
Weather tracker: how did Hurricane Fiona maintain intensity so far north? The GuardianNova Scotia announces financial support for Fiona recovery CTV News AtlanticStorm Fiona: Premier Houston outlines what financial support Nova Scotians can get Global NewsToronto non.... More »
Canada’s main stock index extended its rally for a third consecutive day on Friday after beginning the week at its lowest level this year, as Wall Street idled on the latest ‘Trumpcare’ news.
The Key Markets You Should Consider in 2017
– investitwisely.com
Stocks and shares are a dicey and pricey business, and making a few investments isn’t, if things go wrong, dissimilar to gambling on a horse with 100/1 odds.And if you’re not well versed in the ways of Wall Street, you’ll look less like Gordon Gecko in a swanky office and more like Norman Wisdom in a production of Mad Japes at the Wall Street Centre: Norm Wastes all his Wonga.
The stock market sector (and the financial sector in general) is littered with barely penetrable jargon, as well as the kind of trading rules that would make even Albert Einstein’s head spin.
To understand how far out of your depth you are, watch financial drama The Big Short on Netflix. After 10 minutes of that film, you’ll feel more out of your depth than a cat in a diving pool.
Investing wisely is even becoming difficult for the professionals in 2017, not least because of the turmoil created by a Trump presidency, Brexit and the potential further dissolution of the EU in other countries.
But that’s no reason to give up on the stock market entirely…
The EU economy is up, volatility down and investors have figured this out
– theglobeandmail.com
European stock indexes are surging ahead and the markets’ measures of volatility are running at low levels.
A cheat sheet for investing in your 20s
– moneysense.ca
(iStock)It’s hard enough for professionals to sock away a chunk of money each paycheque to invest, but it’s even more difficult for 20-somethings who barely make enough to cover rent. But don’t despair; while it’s never too early to start saving, younger Canadians need to approach their portfolios in a far different way than older people might. Focus on retirement? Save that for later, says Jason Heath, a financial planner and managing director at Objective Financial Partners.
The top priority for people in their 20s should be to set aside money for shorter-term goals like paying for school, buying a car or building up a down payment for a house. While that makes intuitive sense, it’s not the message the financial industry tends to tell this cohort. “There’s a lot of push from the industry for these individuals to get their money into RRSPs,” Heath says. “But advice about being young and [the magic of] compound interest–that’s something they should try and ignore…
