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Latest News
Aurora Cannibas Is Now a Penny Stock. Why One Analyst Thinks It’s Still a Buy. - Barron's Apr 13th
Aurora Cannibas Is Now a Penny Stock. Why One Analyst Thinks It’s Still a Buy. Barron'sView Full coverage on Google News.... More »
Canada’s economy news: Are we growing enough? + MORE Oct 31st
The Canadian economy was flat in August as high interest rates continued to weigh on consumers and businesses, while a preliminary estimate suggests it grew at an annualized rate of 1% in the third quarter. Statistics Canada’s gross domestic product report Thursday says growth in services-producin.... More »
CPP vs RRSP: Can you transfer your CPP to an RRSP? Dec 21st
I’m 40 years old. Can I transfer my accumulated CPP to an RRSP?
—Franco
I am going to cut to the chase here, Franco. You cannot transfer your Canada Pension Plan (CPP) to a registered retirement savings plan (RRSP). Some pensions can be transferred to an RRSP, and there are ways .... More »
Near retirement with no defined benefit pension? Here’s what you need to know Oct 21st
If you’re a typical reader of this column, I’m guessing retirement is on the near-term horizon for you, or already arrived in the form of “semi-retirement.” And if you’ve diligently saved in registered and taxable plans all these decades but lack an employer-sponsored defined benefit (DB) .... More »
FBI says Trump gunman searched about Kennedy assassination days before shooting - Axios + MORE Jul 24th
FBI says Trump gunman searched about Kennedy assassination days before shooting AxiosTrump shooter used 'mechanical equipment' to climb roof, may have had collapsible gun stock: FBI CBC NewsTrump shooter Google searched JFK assassination, FBI director reveals The Ind.... More »
Should I draw down my RRSP before taking my pension?
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Should I draw down my RRSP before taking my pension? From time to time on this site I write about having “enough money” for us to retire on, or at least, to semi-retire on in the decades to come. Determining our “enough number” would be easy if everything in life was fixed but things are…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Should I draw down my RRSP before taking my pension? is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
Should I draw down my RRSP before taking my pension? From time to time on this site I write about having “enough money” for us to retire on, or at least, to semi-retire on in the decades to come. Determining our “enough number” would be easy if everything in life was fixed but things are…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Should I draw down my RRSP before taking my pension? is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
General Electric stock continues steep dive as shareholders pan CEO’s turnaround strategy
– theglobeandmail.com
General Electric Co.’s stock plunge deepened as its top leaders failed to soothe shareholder concerns about the turnaround plan for the embattled icon of American business.
Buffett-backed BYD to open electric-vehicle plant in Ontario
– theglobeandmail.com
The Shenzhen-based company has decided to ‘significantly’ accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment, spokesman says
Toronto stock index plunges on tumbling energy prices, loonie loses ground
– canadianbusiness.com
TORONTO _ Canada’s largest stock index nose-dived Tuesday while U.S. stocks slumped as the price of oil saw its biggest single-day drop since October.
The S&P/TSX composite index retreated 113.13 points to 15,913.13, with the energy sector leading the broad-based decline as the December crude contract fell US$1.06 to US$55.70 per barrel.
In New York, the Dow Jones industrial average was down 30.23 points to 23,409.47. The S&P 500 index edged back 5.97 points to 2,578.87 and the Nasdaq composite index lost 19.73 points to 6,737.87.
“We’re seeing continuing weakness in global markets. We’ve seen that all the major markets have kind of retreated from the highs that were set earlier in the month,” said Todd Mattina, chief economist and strategist at Mackenzie Investments.
“The decline in oil prices is really weighing on energy sectors in global markets, which of course is very important for the Canadian market.”
Mattina said a dovish report on Tuesday from the International Energy Agency has played a role in softening energy prices…
The S&P/TSX composite index retreated 113.13 points to 15,913.13, with the energy sector leading the broad-based decline as the December crude contract fell US$1.06 to US$55.70 per barrel.
In New York, the Dow Jones industrial average was down 30.23 points to 23,409.47. The S&P 500 index edged back 5.97 points to 2,578.87 and the Nasdaq composite index lost 19.73 points to 6,737.87.
“We’re seeing continuing weakness in global markets. We’ve seen that all the major markets have kind of retreated from the highs that were set earlier in the month,” said Todd Mattina, chief economist and strategist at Mackenzie Investments.
“The decline in oil prices is really weighing on energy sectors in global markets, which of course is very important for the Canadian market.”
Mattina said a dovish report on Tuesday from the International Energy Agency has played a role in softening energy prices…
