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U.S. set to lose $12.5 billion in international visitor spending as global tension escalates + MORE May 14th
The U.S.-led global trade war and protectionist policies are driving away international tourists and causing significant financial losses that could take years to recover from, World Travel & Tourism Council data shows..... More »
Saudi Arabia to sell off Canadian assets and stop buying Canadian wheat and barley Aug 8th
The Kingdom of Saudi Arabia is reportedly selling off its assets in Canada and will stop buying Canadian wheat and barley, in the latest escalation in the sudden diplomatic dispute between the two countries..... More »
PC Financial Mastercard review 2022 + MORE Mar 15th
With grocery costs expected to rise between 5% and 7% in 2022, it’s natural to want a card that can earn you some points on that additional spending. If you’ve been collecting PC Optimum points for years, the PC Financial Mastercard could be a good choice for you. This card is designed to help y.... More »
Making the most of the pension tax credit Nov 28th
Ask MoneySense
I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
7 Long-Term Investment Options That Can Help Meet Short-Term Money Needs Jul 18th
Redeeming investments intended for major life goals could adversely affect your financial plan. Under such cases, several flexible aspects of long-term instruments could assist you to satisfy your short-term requirements. There are lots of long term Investment options intended to meet your short-ter.... More »
Home Capital regains footing in weeks since Warren Buffett investment
– theglobeandmail.com
In the two weeks after the Berkshire Hathaway boost, Home Capital attracted $125-million in net new deposits, most to GICs with a fixed term
Tempted to invest in a U.S. tobacco stock? For Canadians, now's the time
– theglobeandmail.com
The loonie is trading at about 79 cents against the U.S. dollar, and now could be an ideal time to invest in tobacco stocks
Home sales across Canada fall 6.7 per cent, biggest monthly drop in seven years
– canadianbusiness.com
Home sales in June posted their largest monthly drop in seven years, driven by a plunge in the Greater Toronto market, the Canadian Real Estate Association said Monday, the latest evidence that a cool-down in the housing sector is taking hold.
Transactions last month were down 6.7 per cent compared with May on a national basis, the third consecutive monthly decline, with the Greater Toronto Area registering a 15.1 per cent drop.
Home sales are down 14.1 per cent from the record level set in March.
“Changes to Ontario housing policy made in late April have clearly prompted many homebuyers in the Greater Golden Horseshoe region to take a step back and assess how the housing market absorbs the changes,” CREA chief economist Gregory Klump said in a statement.
“The recent increase in interest rates could reinforce a lack of urgency to purchase or, alternatively, move some buyers off the sidelines before their pre-approved mortgage rate expires. In the meantime, some move-up buyers who previously purchased a home before first selling may become more motivated to reduce their asking price rather than carry two mortgages…
Transactions last month were down 6.7 per cent compared with May on a national basis, the third consecutive monthly decline, with the Greater Toronto Area registering a 15.1 per cent drop.
Home sales are down 14.1 per cent from the record level set in March.
“Changes to Ontario housing policy made in late April have clearly prompted many homebuyers in the Greater Golden Horseshoe region to take a step back and assess how the housing market absorbs the changes,” CREA chief economist Gregory Klump said in a statement.
“The recent increase in interest rates could reinforce a lack of urgency to purchase or, alternatively, move some buyers off the sidelines before their pre-approved mortgage rate expires. In the meantime, some move-up buyers who previously purchased a home before first selling may become more motivated to reduce their asking price rather than carry two mortgages…
First half check-up
– moneysense.ca
The first half of 2017 is in the history books. While the TSX only rose 0.74%, broader markets did very well. In Canadian dollar terms, the S&P 500 posted a gain of 5.68% for the first six months. Japanese equities increased 6.42% while European stocks returned 12.05%. Emerging markets topped the list with a sizeable rally of 14.63%.
The questions investors should be asking now, however is what comes next. Will Canadian equities play catchup with the rest of the world? And how will rising interest rates in Canada and the U.S. affect portfolios? Before we get to that we should understand what drove those markets through the first six months of the year.
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Since January investors embraced equities as global economic data has been generally been healthy. While there were headwinds, both economic and geopolitical in nature, none managed to meaningfully scare markets. As a result volatility remained low by historical standards.
Putting the financial crisis in the rear-view mirror
Having been ultra-dovish for years, many central banks are now either making hawkish noises or taking hawkish actions…
The questions investors should be asking now, however is what comes next. Will Canadian equities play catchup with the rest of the world? And how will rising interest rates in Canada and the U.S. affect portfolios? Before we get to that we should understand what drove those markets through the first six months of the year.
Sign up for our free investing newsletter »
Since January investors embraced equities as global economic data has been generally been healthy. While there were headwinds, both economic and geopolitical in nature, none managed to meaningfully scare markets. As a result volatility remained low by historical standards.
Putting the financial crisis in the rear-view mirror
Having been ultra-dovish for years, many central banks are now either making hawkish noises or taking hawkish actions…
The Globe and MailHousing sales fall in most markets across CanadaThe Globe and MailHouse sales fell in a majority of markets across Canada in June, suggesting the real estate sector is cooling just as interest rates are starting to climb and Ottawa is proposing tougher mortgage rules. Sales fell in Toronto and most nearby cities …A Third Of The Money In Toronto's Housing Market Has DisappearedHuffington Post CanadaToronto real estate market still healthy despite plunging sales: John ToryMetroNews CanadaCanada's Non-Stop Housing BoomSeeking Alphaall 29 news articles »
