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Contributing to your grandchild’s RESPs: What grandparents need to know + MORE Dec 1st
You’ve likely heard the saying “It takes a village to raise a child.” Well, with the cost of college and university tuition rising every year, it just might take a village to pay for post-secondary education, too. That’s where grandparents can help with registered education savings plans (RE.... More »
IIROC - Shafting Self-Directed Investors by Fixing What Ain't Broke at Discount Brokers + MORE Apr 13th
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don't need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn't happen often!) against measures that will make the discount broker .... More »
Reasons to consider early RRSP and RRIF withdrawals Oct 19th
Workers contribute to their registered retirement savings plans (RRSPs) during their working years, with the hope of paying a lower tax rate on withdrawals than the tax rate they save when contributing. Even if the tax rates are similar, there can be a benefit to the tax deferral and compounding of .... More »
How Did TIFF’s Lightbox Become Its Money Pit? + MORE Apr 30th
You don’t notice what’s missing at first. Toronto’s TIFF Lightbox—that unassuming glass grid, dwarfed by the enormous monolithic condo protruding from the top of it—still looks the same. Inside the five-storey space is a surprising 16,000 square metres containing five cinemas, a screen.... More »
Uber drivers stage strikes over pay and conditions - BBC News May 8th
Uber drivers stage strikes over pay and conditions BBC NewsWhy drivers are planning a global strike ahead of Uber's IPO Yahoo Canada FinanceLyft posts large loss in its first quarterly report as a public company CNBCUber loses an average of 58 cents per ride — and .... More »
Top Fed official warns bond portfolio could shrink soon
– canadianbusiness.com
A top Federal Reserve official suggested Monday that the Fed will likely announce next month that it will begin paring its bond portfolio—a step that could lead to slightly higher rates on mortgages and other loans.
In an interview with The Associated Press, William Dudley, president of the Federal Reserve Bank of New York, said he thinks the Fed has adequately prepared investors for a reduction in the portfolio, which swelled after the 2008 financial crisis as the Fed bought bonds to reduce long-term rates. With the economy now much healthier, the Fed is ready to begin selling some of those bonds.
Dudley also said that he would favour a third increase this year in the Fed’s benchmark short-term rate if the economy remained strong. Many investors expect a modest rate hike in December, to follow the Fed’s previous increases in March and June this year.
Speaking of the Fed’s likely September announcement that it will begin shrinking its $4.5 trillion bond portfolio, Dudley expressed confidence that investors would react calmly to the prospect of modestly higher rates on some consumer and business loans…
In an interview with The Associated Press, William Dudley, president of the Federal Reserve Bank of New York, said he thinks the Fed has adequately prepared investors for a reduction in the portfolio, which swelled after the 2008 financial crisis as the Fed bought bonds to reduce long-term rates. With the economy now much healthier, the Fed is ready to begin selling some of those bonds.
Dudley also said that he would favour a third increase this year in the Fed’s benchmark short-term rate if the economy remained strong. Many investors expect a modest rate hike in December, to follow the Fed’s previous increases in March and June this year.
Speaking of the Fed’s likely September announcement that it will begin shrinking its $4.5 trillion bond portfolio, Dudley expressed confidence that investors would react calmly to the prospect of modestly higher rates on some consumer and business loans…
Charyl Galpin takes new role with BMO Wealth Management
– theglobeandmail.com
The bank has declined to confirm the date Ms. Galpin departed Nesbitt Burns – or the individual who will be replacing her – stating that ‘an interim leadership structure is currently in place’
Canadian home prices rose two per cent in July from the month before, driven by the strongest real estate markets, but homes other than condos saw their sale prices decrease, according to the Teranet-National Bank House Price Index.
Canada’s 10 NAFTA demands: A list of what Canada wants as talks start this week
– canadianbusiness.com
Foreign Affairs Minister Chrystia Freeland released Canada’s list of key demands Monday for a new North American Free Trade Agreement as talks get set to begin in Washington later this week.
Freeland’s list, which is much shorter than the U.S. wish list of more than 100 items, includes:
1. A new chapter on labour standards. The original NAFTA included a labour section as an addendum, inserted into the agreement after Bill Clinton was elected and insisted on a few changes. Some officials in Canada and the U.S. have identified a goal of tougher labour rules: Increasing Mexican wages, to make auto plants in the other countries more affordable.
2. A new chapter on environmental standards. This was also added as an afterthought to the original NAFTA, placed there after Clinton’s election. Freeland says she wants a chapter that ensures no country can weaken environmental protection to attract investment. She also says it should support efforts against climate change.
3. A new chapter on gender rights…
Freeland’s list, which is much shorter than the U.S. wish list of more than 100 items, includes:
1. A new chapter on labour standards. The original NAFTA included a labour section as an addendum, inserted into the agreement after Bill Clinton was elected and insisted on a few changes. Some officials in Canada and the U.S. have identified a goal of tougher labour rules: Increasing Mexican wages, to make auto plants in the other countries more affordable.
2. A new chapter on environmental standards. This was also added as an afterthought to the original NAFTA, placed there after Clinton’s election. Freeland says she wants a chapter that ensures no country can weaken environmental protection to attract investment. She also says it should support efforts against climate change.
3. A new chapter on gender rights…
In rare move, Ottawa asks CRTC to reconsider rulings on investment in Canadian content
– theglobeandmail.com
Move comes after some groups raised concerns about broadcasters’ spending requirements for Canadian TV production
