TSX getting you down? There are always sound investment alternatives.
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“We had our kids late—will we ever be able to retire?” Dec 13th
Natasha Hall was 40 years old when she became a parent. The broadcaster and radio host, who had been in a long-term, committed relationship, figured it was now or never. “I always knew I wanted to be a mom but I couldn’t quite get my act together to settle down properly, and my guy was kind of i.... More »
Buffy, 34, makes $85,000 (U.S.) a year and has big financial goals. What’s the best way for her to save for the future? Dec 5th
TSX getting you down? There are always sound investment alternatives.
Buffy, 34, makes $85,000 (U.S.) a year and has big financial goals. What’s the best way for her to save for the future? - thestar.comContinue Reading On thestar.com »Getting a return on your investment within Canada can .... More »
HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th
Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »
Are investment fees tax deductible? + MORE Aug 23rd
Q: I pay a few thousand dollars in monthly fees to the various RRSP funds that I have—all with one institution and at a preferred rate. Since these fees are to earn money, are they an allowable tax deduction?
—Jerry
A: Fees paid to a financial institution may be tax deductible, Jerry. It depe.... More »
Scotiabank hikes dividend as profit beats expectations + MORE Feb 27th
The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home..... More »
These TSX stocks could see big moves on Thursday
– theglobeandmail.com
Results from two blue-chip companies will shed light on whether lagging Canadian stocks are set to close the gap with their international peers
Investing with your gut
– moneysense.ca
(Shutterstock)Most Canadians are boring investors; they sock their money away in plain vanilla mutual funds or Exchange Traded Funds (ETFs) inside of Registered Retirement Savings Plans (RRSPs) or Tax Free Savings Accounts (TFSAs). And that’s exactly how it should be—saving for retirement isn’t about blowing the light out with a hot stock.
Some people, though, have saved up enough money that spending $20,000 on an outside-of-the-box investment won’t ruin their futures, even if it all disappears. The point is not to squander the money, but to cash in on outsized returns that don’t come around every day.
Think about consequences
So, what’s the best way to put your “play money” to work? The first step is to think about how risky you want to be, says Allan Small, a senior investment advisor at HollisWealth. “It may sound silly when talking about ‘play money’, but understand the meaning of high risk,” he says.
In other words, what might be risky for one person may not be risky enough for another…
Toronto stock index climbs amid surge in energy sector, Wall Street hits records
– canadianbusiness.com
Rising energy stocks helped push Canada’s main stock index higher amid a surprise draw down in U.S. fuel stockpiles that helped boost oil prices.
In Toronto, the S&P/TSX composite index climbed 95.14 points to 15,244.71, with the energy sector leading advancers.
In New York, all three major indexes surged to new records. The Dow Jones industrial average gained 66.02 points to 21,640.75, while the S&P 500 index rose 13.22 points to 2,473.83. The Nasdaq composite index climbed 40.73 points to 6,385.04.
On the commodities front, the September crude oil contract was up 73 cents to US$47.32 per barrel after the U.S. government reported that fuel stockpiles shrank last week. August natural gas contracts dipped two cents US$3.07 per mmBTU.
The August gold contract added 10 cents to US$1,242 an ounce and the September copper contract pulled back two cents at US$2.71 a pound.
In currencies, the Canadian dollar was up 0.21 of a U.S. cent to an average price of 79.40 cents US.
The post Toronto stock index climbs amid surge in energy sector, Wall Street hits records appeared first on Canadian Business – Your Source For Business News.
In Toronto, the S&P/TSX composite index climbed 95.14 points to 15,244.71, with the energy sector leading advancers.
In New York, all three major indexes surged to new records. The Dow Jones industrial average gained 66.02 points to 21,640.75, while the S&P 500 index rose 13.22 points to 2,473.83. The Nasdaq composite index climbed 40.73 points to 6,385.04.
On the commodities front, the September crude oil contract was up 73 cents to US$47.32 per barrel after the U.S. government reported that fuel stockpiles shrank last week. August natural gas contracts dipped two cents US$3.07 per mmBTU.
The August gold contract added 10 cents to US$1,242 an ounce and the September copper contract pulled back two cents at US$2.71 a pound.
In currencies, the Canadian dollar was up 0.21 of a U.S. cent to an average price of 79.40 cents US.
The post Toronto stock index climbs amid surge in energy sector, Wall Street hits records appeared first on Canadian Business – Your Source For Business News.
Tembec is warning that its shares risk falling if shareholders vote next week to reject a $807 million US friendly takeover offer from Rayonier Advanced Materials.
Increased shipments of grain, coal, potash, energy products and chemicals and plastics helped Canadian Pacific Railway post a 13 per cent gain in its second-quarter revenue to $1.6 billion.
