There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Bitcoin, marijuana stock crazes take root in Canada’s Wild West Dec 22nd
Low bar lends itself to stock promotion, murky disclosure
.... More »
US economy surprises with faster than expected growth - BBC.com + MORE Jan 25th
US economy surprises with faster than expected growth BBC.comU.S. economy shrugs off recession prediction with strong fourth-quarter performance The Globe and MailU.S. economy grows more than expected at end of 2023, driven by consumer spending CBC NewsU.S. GDP unexp.... More »
A guide to mortgage calculators Jan 21st
Owning a home can be a powerful wealth-building tool, but it can also be expensive when you account for the mortgage payment, property taxes, insurance, utilities and maintenance.
To get a clear picture of how a home purchase impacts your finances, you’ll need to determine what purchase price y.... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
Elon Musk sells Tesla shares worth $6.9 billion - CNBC Television Aug 10th
Elon Musk sells Tesla shares worth $6.9 billion CNBC TelevisionElon Musk sells nearly $7B US in Tesla shares ahead of Twitter fight CBC NewsMusk Sells $6.9 Billion of Tesla Stock Bloomberg Markets and FinanceMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter T.... More »
Conference Board expects 3.1 per cent growth this year, 2.0 per cent in 2018
– canadianbusiness.com
OTTAWA _ The Conference Board of Canada says it expects the economy to grow by 3.1 per cent this year, but cautioned growth will slow over the second half and into next year.
Growth is forecast to slow to two per cent in 2018 due to slower consumer spending and a decline in residential investment.
Matthew Stewart, the board’s director for national forecasting, says the Canadian economy is performing well above potential and is on track to outperform most other developed economies by a sizable margin
The Conference Board outlook follows a forecast by the OECD earlier this week that predicted the Canadian economy would grow by 3.2 per cent this year, the fastest pace in the G7, but slow to 2.3 per cent next year.
The Conference Board says an improved labour market has boosted consumer optimism and supported consumption in the first half of the year.
However, it noted that with debt levels near-record highs, consumer spending will need to be better aligned with income growth going forward, while cooling home prices will contribute to slower consumer spending…
Growth is forecast to slow to two per cent in 2018 due to slower consumer spending and a decline in residential investment.
Matthew Stewart, the board’s director for national forecasting, says the Canadian economy is performing well above potential and is on track to outperform most other developed economies by a sizable margin
The Conference Board outlook follows a forecast by the OECD earlier this week that predicted the Canadian economy would grow by 3.2 per cent this year, the fastest pace in the G7, but slow to 2.3 per cent next year.
The Conference Board says an improved labour market has boosted consumer optimism and supported consumption in the first half of the year.
However, it noted that with debt levels near-record highs, consumer spending will need to be better aligned with income growth going forward, while cooling home prices will contribute to slower consumer spending…
National Bank of Canada says a website error may have exposed the personal information of nearly 400 of its customers, including their names, birthdates, phone number and email address.
The Canadian lender says in a statement the problem related to an electronic form on its website and did not expose clients’ banking information, social insurance numbers or addresses.
The bank says a customer filling out an online form to make a branch appointment may have been able to see the data entered by a previous user.
National Bank says it was notified earlier this week about the problem, which lasted a few days.
The lender adds the incident was the result of human error while setting up the online form, and was resolved immediately.
The bank is contacting the nearly 400 potentially-affected customers to offer free credit monitoring.
MORE ABOUT ONLINE BANKING:
The Canadian lender says in a statement the problem related to an electronic form on its website and did not expose clients’ banking information, social insurance numbers or addresses.
The bank says a customer filling out an online form to make a branch appointment may have been able to see the data entered by a previous user.
National Bank says it was notified earlier this week about the problem, which lasted a few days.
The lender adds the incident was the result of human error while setting up the online form, and was resolved immediately.
The bank is contacting the nearly 400 potentially-affected customers to offer free credit monitoring.
MORE ABOUT ONLINE BANKING:
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Relax, mobile banking is safer than you think
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Canada Post shipping options expanded
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Mobile wallets at-a-glance
Would you use Facebook to transfer money?
The post National Bank error exposed personal information of customers online appeared first on MoneySense.
Financials and energy sectors boost TSX, Wall St. down on rate hike expectations
– canadianbusiness.com
TORONTO _ Rising energy and financials shares pushed Canada’s main stock index higher today as U.S. stock indexes veered lower on heightened interest rate hike expectations.
The Toronto Stock Exchange’s S&P/TSX composite index climbed 65.32 points to 15,454.92.
In New York, modest gains from a day earlier were wiped out as investors digested Wednesday’s news that the U.S. Federal Reserve remains on course to raise rates one more time this year and three times in 2018.
The Dow Jones industrial average was down 53.36 points to 22,359.23. The S&P 500 index lost 7.64 points to 2,500.60 and the Nasdaq composite index gave back 33.35 points to 6,422.69.
The Canadian dollar was trading at an average price of 81.04 cents US, down 0.44 of a cent.
The November crude contract shed 14 cents to US$50.55 per barrel and the October natural gas contract was down 15 cents to US$2.95 per mmBTU.
The December gold contract dropped $21.60 to US$1,294.80 an ounce and the December copper contract declined three cents to US$2…
The Toronto Stock Exchange’s S&P/TSX composite index climbed 65.32 points to 15,454.92.
In New York, modest gains from a day earlier were wiped out as investors digested Wednesday’s news that the U.S. Federal Reserve remains on course to raise rates one more time this year and three times in 2018.
The Dow Jones industrial average was down 53.36 points to 22,359.23. The S&P 500 index lost 7.64 points to 2,500.60 and the Nasdaq composite index gave back 33.35 points to 6,422.69.
The Canadian dollar was trading at an average price of 81.04 cents US, down 0.44 of a cent.
The November crude contract shed 14 cents to US$50.55 per barrel and the October natural gas contract was down 15 cents to US$2.95 per mmBTU.
The December gold contract dropped $21.60 to US$1,294.80 an ounce and the December copper contract declined three cents to US$2…
