All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Should you join your money with your honey? Jun 3rd
Joint accounts can help you plan your financial future..... More »
Vaccinated U.S. health-care worker passed COVID-19 antibodies to baby during pregnancy: doctors - CTV News Mar 19th
Vaccinated U.S. health-care worker passed COVID-19 antibodies to baby during pregnancy: doctors CTV NewsCOVID-19 vaccine 2nd dose side effects: Why are they worse? Los Angeles TimesCDC: Women report more side effects than men after getting COVID-19 vaccine WHAS11We n.... More »
Pruitt Had a $50-a-Day Condo Linked to Lobbyists. Their Client's Project Got Approved. - New York Times Apr 3rd
New York TimesPruitt Had a $50-a-Day Condo Linked to Lobbyists. Their Client's Project Got Approved.New York TimesWASHINGTON — The Environmental Protection Agency signed off last March on a Canadian energy company's pipeline-expansion plan at the same time that the E.P.A. chief, Scott Pr.... More »
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion - Reuters + MORE Nov 14th
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion ReutersOvintiv consolidates holdings with $3.3-billion Montney buy, $2.8-billion Uinta sale The Globe and MailParamount Resources Ltd. announces $3.325 billion asset sale BOE ReportOvintiv is .... More »
Smart financial decisions small business owners should make now Jul 27th
In partnership with Surex
Rule number one of being an entrepreneur: When things get tough, keep going. The COVID-19 pandemic has brought to the surface many worst-case scenarios for small business owners. They’ve lost revenue, laid off staff, and some have even had to close their business permane.... More »
Canada posts 1.7% annual growth in fourth quarter of 2017 to finish year at 3%
– canadianbusiness.com
OTTAWA _ The Canadian economy expanded at an annual pace of 1.7 per cent in the final months of 2017 as the more rapid growth seen earlier in the year faded further away, Statistics Canada reported Friday.
The agency’s latest numbers for real gross domestic product showed the economy grew three per cent for all of 2017 _ a much-stronger pace compared with 2016 when growth was 1.4 per cent.
Growth in the fourth quarter was driven by a 2.3 per cent increase in business investment compared with the third quarter, and a 0.5 per cent quarter-over-quarter rise in household spending, the report said.
Overall, the fourth-quarter came in higher than the third quarter, which was revised down to an annualized rate of 1.5 per cent from 1.7 per cent.
Even with the slowdown, National Bank of Canada senior economist Krishen Rangasamy described the end of 2017 as a decent hand off to 2018.
“With growth like this, you can expect a sharp moderation, which is what we had in the second half of the year,” said Rangasamy, who’s predicting 2…
The agency’s latest numbers for real gross domestic product showed the economy grew three per cent for all of 2017 _ a much-stronger pace compared with 2016 when growth was 1.4 per cent.
Growth in the fourth quarter was driven by a 2.3 per cent increase in business investment compared with the third quarter, and a 0.5 per cent quarter-over-quarter rise in household spending, the report said.
Overall, the fourth-quarter came in higher than the third quarter, which was revised down to an annualized rate of 1.5 per cent from 1.7 per cent.
Even with the slowdown, National Bank of Canada senior economist Krishen Rangasamy described the end of 2017 as a decent hand off to 2018.
“With growth like this, you can expect a sharp moderation, which is what we had in the second half of the year,” said Rangasamy, who’s predicting 2…
TSX and Dow pare back earlier losses as Trump defends steel tariffs
– canadianbusiness.com
TORONTO _ Canada’s main stock index closed lower, but off its lows for the day, after U.S. President Donald Trump defended his promise to impose stiff tariffs on imports of steel and aluminum.
A global sell-off in stocks came back around to North America in morning trading after the president doubled down against growing backlash, saying “trade wars are good.”
The S&P/TSX composite index finished down 9.36 points to 15,384.59, led by losses in the base metals and energy sectors.
In New York, the Dow Jones industrial average was down 70.92 points to 24,538.06. The S&P 500 index was up 13.58 points to 2,691.25 and the Nasdaq composite index was up 77.31 points to 7,257.87.
The Canadian dollar was trading at 77.57 cents US, down 0.24 of a U.S. cent.
The April crude contract was up 26 cents to US$61.25 per barrel and the April natural gas contract was unchanged at US$2.70 per mmBTU.
The April gold contract was up US$18.20 to US$1,323.40 an ounce and the May copper contract was unchanged to US$3…
A global sell-off in stocks came back around to North America in morning trading after the president doubled down against growing backlash, saying “trade wars are good.”
The S&P/TSX composite index finished down 9.36 points to 15,384.59, led by losses in the base metals and energy sectors.
In New York, the Dow Jones industrial average was down 70.92 points to 24,538.06. The S&P 500 index was up 13.58 points to 2,691.25 and the Nasdaq composite index was up 77.31 points to 7,257.87.
The Canadian dollar was trading at 77.57 cents US, down 0.24 of a U.S. cent.
The April crude contract was up 26 cents to US$61.25 per barrel and the April natural gas contract was unchanged at US$2.70 per mmBTU.
The April gold contract was up US$18.20 to US$1,323.40 an ounce and the May copper contract was unchanged to US$3…
Toronto StarTheresa May tells UK it must face 'hard facts' about BrexitToronto StarBritish prime minister says she thinks a mutually beneficial “economic partnership” with EU nations is possible. Other EU members might interpret British Prime Minister Theresa May's goal of "economic partnership" as attempting to cherry-pick benefits …Britain asks EU to show flexibility in talks on post-Brexit tradeThe Globe and MailTheresa May: 'Life is going to be different' after BrexitWashington PostA year to go before Brexit, US investment banks still bet on LondonReutersBBC News -The Guardian -Voice of America -Financial Timesall 737 news articles »
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere. These were my posts from the last week! Should you invest in…
My Own Advisor is on his way to owning a million dollar portfolio. The article Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere. These were my posts from the last week! Should you invest in…
My Own Advisor is on his way to owning a million dollar portfolio. The article Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Saving For Your IRA
– investitwisely.com
Saving for retirement is a must do for any person that wants to be comfortable in their golden years. There is no excuse for not starting early. Even if you are just putting away 50 bucks a month after you are in your first job out of school, that money will grow by leaps and bounds as long as you do not touch it.You can find a way to get a 401K, a traditional IRA or a Roth IRA. Just make sure that you are putting away money. That’s the only way to insure that your nest egg is going to grow. With a traditional IRA, you can let your investment grow while you postpone your tax hit. Contributions to that type of individual retirement account are able to be deducted from your income tax. You only end up paying taxes on the backend, when you take withdrawals from the account.
Also, there is no maximum income limit with a traditional IRA. No matter how much money you make you can invest in a traditional IRA. But it is best for younger people to be able to use this type of account. If you are 70 and a half or older, you cannot make contributions to a regular IRA…
