How to go about securing the best return for your investment in Canada.
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Donald Trump’s tweets about rising stock prices plotted against the market decline + MORE Feb 10th
At one point on Friday Feb. 9, the Dow Jones Industrial Average fell to its lowest level since late November, before rebounding. Since January 26, the Dow has dropped close to 10 per cent, the first significant decline in stock prices since Donald Trump moved into the White House.
Before the downtur.... More »
The smart way to pay for “experiences” and other money tips Oct 1st
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Ass.... More »
The Calgary Flames dig a deeper hole in arena debate Sep 16th
Flames president Ken King speaks on Friday to reporters about the team’s position on a new arena deal THE CANADIAN PRESS/Jeff McIntosh
In the long battle of hearts and minds over how many taxpayer money should go into a pro-sports arena, Calgary Flames CEO Ken King and the club owners aren’.... More »
Happy finances, happy couples. Six steps to ensure financial happiness in 2023 Dec 26th
Set aside your emotions, budget and curb overspending and work as a team to ensure your financial future, writes personal finance columnist Lesley-Anne Scorgie.... More »
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 »
The bizarre gap between the Canadian economy and stock market is widening by the day
– theglobeandmail.com
A confluence of forces has kept stocks from participating in the Canadian economic resurgence – none more potent than this year’s flare-up of the global oil glut
Why Home Capital shareholders should back Berkshire’s support
– theglobeandmail.com
If the majority of shareholders vote in favour of the second tranche investment and Berkshire Hathaway becomes a 38.4-per-cent shareholder, there are many long-term benefits to all involved in Home Capital
47% of workers living paycheque to paycheque
– moneysense.ca
TORONTO — A new survey by the Canadian Payroll Association suggests nearly half of workers are living paycheque to paycheque due to soaring spending and debt levels.
The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their paycheque was delayed by even a single week.
The survey, which polled 4,766 Canadian employees between June 27 and Aug. 5, also found that 35 per cent said they feel overwhelmed by their level of debt.
For the first time in the survey’s nine-year history, more respondents found mortgages on principal residences the most difficult debt to pay down, with 32 per cent of respondents selecting this option compared to 23 per cent who cited credit card debt.
Results from the poll indicate that the primary reason for increased debt is higher overall spending. Of the major reasons for increased spending, 32 per cent of respondents pointed to higher living expenses while 25 per cent mentioned unexpected expenses…
The poll found that 47 per cent of respondents said it would be difficult to meet their financial obligations if their paycheque was delayed by even a single week.
The survey, which polled 4,766 Canadian employees between June 27 and Aug. 5, also found that 35 per cent said they feel overwhelmed by their level of debt.
For the first time in the survey’s nine-year history, more respondents found mortgages on principal residences the most difficult debt to pay down, with 32 per cent of respondents selecting this option compared to 23 per cent who cited credit card debt.
Results from the poll indicate that the primary reason for increased debt is higher overall spending. Of the major reasons for increased spending, 32 per cent of respondents pointed to higher living expenses while 25 per cent mentioned unexpected expenses…
Dominic Barton’s bold ambitions for Canada’s economy
– canadianbusiness.com
Federal Finance Minister Bill Morneau and his Economic Advisory Council chair, Dominic Barton, at a press conference in October 2016. (Adrian Wyld/CP)Dominic Barton is all about scale. When the global managing partner of McKinsey & Co. gives a talk, he’s prone to showing audiences photographs of Chinese city skylines mushrooming, over what seem to be impossibly short time spans, from roughly Moncton to beyond Manhattan. Barton, a Canadian whose deep experience in Asia lifted him to the pinnacle of McKinsey’s far-flung consulting empire, has a knack for conveying how if you’re not going big, you just don’t get the 21st-century economy.
So when he was named last year by Finance Minister Bill Morneau to chair the federal government’s blue-chip Advisory Council on Economic Growth, nobody who knew him was surprised that Barton set goals of scaled-up ambition. The problem, he warned, is that Canada’s workforce is rapidly aging, while its companies are stuck in a low productivity gear, putting the country on track to generate only half of the annual growth in the next few decades that Canadians have come to expect over the past 50 years…
Canadian consumers can expect to feel some financial effects following the Bank of Canada’s decision to nudge up interest rates.
