The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Blue Jays trade JA Happ to Yankees for Brandon Drury, prospect - CBC.ca + MORE Jul 26th
CBC.caBlue Jays trade JA Happ to Yankees for Brandon Drury, prospectCBC.caToronto general manager Ross Atkins says competitive baseball teams are increasingly less willing to part with top prospects when they tool up for a playoff run. So while the Blue Jays didn't get a blue-chip minor leaguer.... More »
This Montreal millennial couple makes $316,000 combined. Monthly child care costs? $203. With an excess in savings, they want to have their second kid. What advice can they get? + MORE Feb 1st
Parents in southern Ontario may think Tommy and Victoria’s $203 monthly daycare budget is a typo, but child-care costs in Quebec are heavily subsidized by the provincial government, Jason Heath, Millennial Money financial adviser writes..... More »
Gold sees more downside price action amid rising bond yields - Kitco NEWS Feb 25th
Gold sees more downside price action amid rising bond yields Kitco NEWSU.S. Stocks Fluctuate While Bond Yields Climb: Markets Wrap Yahoo Canada FinanceUS stocks rally as Powell soothes traders' nerves BNNFed Chairman Powell Helps the Stock Market But Won't Discuss De.... More »
For Canadians living abroad, is it worth investing in foreign ETFs? Mar 28th
Ask MoneySense
I’m a Canadian citizen who moved from Europe 2 years ago. I have some savings in EUR and I’m considering investing in VWCE (around 50,000 EUR).
I’m assuming this will complicate my tax returns in Canada. Are the extra complications worth it? What would you recommend in this c.... More »
Creating a will is the “adulting” milestone you need to hit this year Jul 17th
When it comes to self-improvement, most of us have a hard time with follow-through—and whether you stuck to your Keto diet or not, there are likely items on your financial to-do list that just never get crossed off. One of the easy actions to delay is creating a will. After all, no one wants to th.... More »
The danger of expecting too much from the market
– moneysense.ca
When it comes time to harvest what you’ve invested, make sure your plans were reasonable or you’ll be disappointed.What sort of return are you expecting in 2018 and beyond? In the summer, the Financial Planning Standards Council (FPSC) and Institut Quebecois de Planification Financiere (IQPF) released an update on their projection assumption guidelines.
While these numbers do not tend to jump around a lot, they present a great opportunity to discuss the discrepancies between what the main Canadian planning organizations are recommending, what you might thinking and what some expert practitioners are actually recommending. The differences are stark.
Most people I talk to who do retirement planning projections use numbers that are markedly higher than what is being recommended. Given that it is nearly impossible to reliably determine which numbers most people are using, I’ll begin with a disclaimer that what follows are reasonable guesses based on various conversations with the people who actually do projections for their clients…
Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer
– canadianbusiness.com
CALGARY _ Construction company Aecon Group Inc. says it has received two regulatory permissions needed for it to be sold to a Chinese state-owned company for $1.5 billion.
The deal with CCCC International Holding Ltd., however, still faces a review under the Investment Canada Act.
Aecon (TSX: ARE) says it has received a “no action” letter granting approval under the Canadian Competition Act and it has been advised by the buyer that it has approval from the National Development and Reform Commission, a Chinese economic planning regulator.
It says both approvals were required for closing of the deal announced in October.
Shareholders in the 140-year-old firm, which has worked on Canadian landmarks including the CN Tower, Vancouver’s SkyTrain and the Halifax Shipyard, are to vote on the sale in Toronto on Dec. 19.
The post Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer appeared first on Canadian Business – Your Source For Business News.
The deal with CCCC International Holding Ltd., however, still faces a review under the Investment Canada Act.
Aecon (TSX: ARE) says it has received a “no action” letter granting approval under the Canadian Competition Act and it has been advised by the buyer that it has approval from the National Development and Reform Commission, a Chinese economic planning regulator.
It says both approvals were required for closing of the deal announced in October.
Shareholders in the 140-year-old firm, which has worked on Canadian landmarks including the CN Tower, Vancouver’s SkyTrain and the Halifax Shipyard, are to vote on the sale in Toronto on Dec. 19.
The post Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer appeared first on Canadian Business – Your Source For Business News.
Understanding Bitcoin and the frenzy behind the digital currency
– canadianbusiness.com
CALGARY _ The bitcoin frenzy shows no sign of letting up, with the price of the digital currency topping US$17,000 Friday and bitcoin futures set to start trading on Sunday. Here’s a look at what bitcoin is and why there’s so much excitement around it.
So what is bitcoin?
It’s a fairly new type of currency, not controlled by any government or centrally processed by any bank or company. You can use it to buy things, though don’t expect your corner store to necessarily take it, and increasingly it’s used as an investment.
You could think of it as a sort of gold for the digital era. Like gold, no one centrally controls production, supply is limited in part by the effort required to produce it, and you can hold on to it as a store of value. But because it’s digital it can be sent anywhere easily, and each bitcoin can be divided up into fractions much easier than trying to cut up a gold bar, making it potentially much easier to use for actual transactions and to act like a currency…
So what is bitcoin?
It’s a fairly new type of currency, not controlled by any government or centrally processed by any bank or company. You can use it to buy things, though don’t expect your corner store to necessarily take it, and increasingly it’s used as an investment.
You could think of it as a sort of gold for the digital era. Like gold, no one centrally controls production, supply is limited in part by the effort required to produce it, and you can hold on to it as a store of value. But because it’s digital it can be sent anywhere easily, and each bitcoin can be divided up into fractions much easier than trying to cut up a gold bar, making it potentially much easier to use for actual transactions and to act like a currency…
How to avoid the hidden brokerage fees that could be eating into your investment returns
– theglobeandmail.com
Preventing administration charges is a lot easier than trying to negotiate them away after the fact
CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership
– canadianbusiness.com
TORONTO _ The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodman Interlink _ which is co-owned by CPPIB.
Jimmy Phua, CPPIB’s head of real estate investments in Asia, said in a statement Thursday the pension fund manager wants to increase its exposure to the growing logistics sector.
He added that e-commerce will drive growth in the logistics sector “and Hong Kong is in a prime geographic position to benefit as more players enter the market.”
CPPIB invests funds for the Canada Pension Plan. As of Sept. 30, the CPP Fund had $328.2 billion under management.
The post CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership appeared first on Canadian Business – Your Source For Business News.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodman Interlink _ which is co-owned by CPPIB.
Jimmy Phua, CPPIB’s head of real estate investments in Asia, said in a statement Thursday the pension fund manager wants to increase its exposure to the growing logistics sector.
He added that e-commerce will drive growth in the logistics sector “and Hong Kong is in a prime geographic position to benefit as more players enter the market.”
CPPIB invests funds for the Canada Pension Plan. As of Sept. 30, the CPP Fund had $328.2 billion under management.
The post CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership appeared first on Canadian Business – Your Source For Business News.
