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Meet Canada’s All-Star Stocks + MORE Nov 7th
This is Kickstart—the daily morning management briefing on innovation, leadership, technology and the economy from the editors of Canadian Business. Sign up to get it directly to your inbox each weekday at 6 AM Eastern.
Good morning! Here’s what’s on our radar at the moment:
Meet Canadaâ€.... More »
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage - gizmochina Feb 24th
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage gizmochinaSony Finally Announces Next-Gen VR For PS5 KotakuSony Explains Why PS5 Stock Is So Hard To Find ForbesThe best free PS5 games Digital TrendsSemiconductor shortage m.... More »
Apple unveils new $430 billlion U.S. investment plan - CNBC Television + MORE Apr 26th
Apple unveils new $430 billlion U.S. investment plan CNBC TelevisionApple announces 1st East Coast campus in North Carolina CFJC Today KamloopsApple Boosts US Investment 20% Over Five Years to $430 Billion BNNApple to Invest $430 Billion in U.S. Over Five Years .... More »
Wealthsimple Trade in-depth review 2021: The pros and cons Mar 6th
Since making its debut in 2014, Canada’s Wealthsimple has helped to demystify investing for hundreds of thousands of regular people who want to grow their money. The company’s success thus far is unquestionable: As of late February 2021, its AUM (assets under management) have been valued at $8.4.... More »
Winding down self-employment and planning for retirement Aug 18th
Q. I am a 60-year-old female, working full-time employed/self employed on a 100% commission basis and averaging between $107,000 and $140,000 gross annual income.
I own my home, with a $70,000 balance left on my mortgage. My mortgage payment (not including property taxes) is $457 biweekly. The curre.... More »
Aramco IPO reshaping Saudi Arabia’s OPEC policy
– theglobeandmail.com
Saudi Arabia considered pulling out of OPEC last year if deal was not reached, driven by desire to drive up oil prices to maximize valuation of Aramco ahead of listing
Toronto and Vancouver among global cities at greatest risk of housing bubble: UBS
– canadianbusiness.com
ZURICH _ Toronto has topped the list of major global cities most at risk of a housing bubble with Vancouver ranking fourth, according to a new report by UBS Group AB.
It’s the first time Toronto has cracked the annual rankings compiled for the UBS Global Real Estate Bubble Index, where other top five “bubble risk” cities include Stockholm, Munich and Sydney.
The Swiss-based global financial services company says the bubble risk in all of these cities has increased significantly over the last five years where house prices have climbed by almost 50 per cent on average since 2011.
In Toronto, Munich and Sydney prices rose more than 10 per cent in the last year alone where the fear of missing out on further appreciation predominates among home buyers.
In Canada a large part of the negative impact of higher purchase prices on affordability was cushioned by low mortgage rates.
While Toronto and Vancouver’s house prices have moved in rough lockstep where the depreciation of the Canadian dollar effectively buffered them against economic headwinds, UBS says a strengthening loonie and further interest rate hikes would “end the party” for Toronto…
It’s the first time Toronto has cracked the annual rankings compiled for the UBS Global Real Estate Bubble Index, where other top five “bubble risk” cities include Stockholm, Munich and Sydney.
The Swiss-based global financial services company says the bubble risk in all of these cities has increased significantly over the last five years where house prices have climbed by almost 50 per cent on average since 2011.
In Toronto, Munich and Sydney prices rose more than 10 per cent in the last year alone where the fear of missing out on further appreciation predominates among home buyers.
In Canada a large part of the negative impact of higher purchase prices on affordability was cushioned by low mortgage rates.
While Toronto and Vancouver’s house prices have moved in rough lockstep where the depreciation of the Canadian dollar effectively buffered them against economic headwinds, UBS says a strengthening loonie and further interest rate hikes would “end the party” for Toronto…
The cost of variable-rate mortgages and lines of credit linked to the big bank prime rates have already gone up, but experts say the move by the Bank of Canada to raise interest rates may also affect your investment portfolio.
Stelco eyes return to auto market, even as downturn begins
– theglobeandmail.com
Reforged company’s recovery plan outlined in IPO prospectus includes return to sector, long an attractive draw for steelmakers
