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TSX crosses into bear market territory after COVID-19 declared a pandemic - CTV News Mar 11th
TSX crosses into bear market territory after COVID-19 declared a pandemic CTV NewsCanada Stocks Plunge, Putting Them on Pace to Enter Bear Market Yahoo Canada FinanceGordon Pape: There will be more gut-wrenching volatility going forward. Here's how to adjust your portfolio .... More »
Do you need that bank mutual fund? Maybe not + MORE Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24 - Bloomberg Television Oct 16th
Tech Selloff, Chipmaker Weakness Drags Asian Stocks | Bloomberg: The Asia Trade 10/16/24 Bloomberg TelevisionWhy Is Nvidia Stock Down 5%? Blame A Dutch Firm’s ‘Technical Error’ ForbesPremarket: Global stocks slide in reality check from big cap earnings The Glob.... More »
Beyond bullion: Smarter ways for Canadians to invest in gold Oct 20th
Gold prices are flying. As of October 17, the spot price of gold is trading at $5,928 per ounce in Canadian dollars, or roughly $4,227 in U.S. dollars. The surge comes on the back of what Wall Street has dubbed “the debasement trade.” In simple terms, this refers to investors reacting to long-t.... More »
The best five-year fixed mortgage rates in Canada 2022 + MORE Jun 29th
Mortgage rate comparison
After consecutive years of record-low interest rates in Canada, we are entering a period of rising rates—which makes the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of more rate hikes can make the stabi.... More »
Why stock markets are so calm in the age of Donald Trump
– moneysense.ca
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange, as US President Donald Trump delivers a televised statement from the White House. / BRYAN R. SMITH/AFP/Getty Images)When did the Masters of the Universe become so Zen?
Much of the world freaked out over Donald Trump in 2017 in one way or another. But not Wall Street. Investors carried on enriching themselves and their clients like nothing unusual was happening in Washington. American stock markets have climbed steadily from one high to another, amidst an unusual level of calm.
That seems odd, given Trump’s attack on the established order. The war between the Republican Party and the Democratic Party never has been more intense. The Federal Reserve Bank of Philadelphia’s Partisan Conflict Index, which measures federal political tension by counting newspaper reports of disagreement each month, jumped after Trump was elected. It then surged to a record in March, and generally has stayed above the highest levels reached during Barack Obama’s presidency, a period that featured the rise of the Tea Party and a government shutdown, among other things…
Wedding guests need to watch their spending too
– thestar.com
Your kids don’t have to take a financial hit to watch their friends get married. Here’s how to cut costs.Foreign, institutional investors holding fire
– theglobeandmail.com
While the flow of money into North American commercial real estate has slowed, investors are sitting on cash hoards that eventually will be deployed
The best time to start CPP —if you don’t know when you will die
– moneysense.ca
The last time we looked at the question of when to commence receipt of the Canada Pension Plan (CPP), we made the case for delaying as long as possible – ideally until 70 – while drawing down RRSP assets in your 60s when you’re in a lower tax bracket. (The piece is here.)
That’s a valid strategy for many but it does make a few assumptions, including that you have a large enough RRSP to withdraw from, have good alternative sources of income in the meantime, and that you’re not confident that the markets will deliver good returns if you were in a position to invest your CPP were it taken earlier.
But the biggest assumption is that you’ll live to enjoy those higher payouts once they commence. If your life expectancy is for some reason lower than average, all bets are off and you may be better off taking CPP between 60 and 65.
Jason Heath, of Toronto-based fee-only planners Objective Financial Partners, leans to advising clients to defer CPP/OAS to 70 for those whose life expectancy is average or longer than average…
Hudson’s Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company’s deal with Rhone Capital.
