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A simple guide to investing your first $500 Jan 22nd
For many young Canadians, the barrier to entry for investing feels impossibly high. Between student loans, rising rent, and the cost of living, scraping together a starter fund can seem daunting. Yet, as little as $500 to $1,000 is sufficient enough to begin building the habits that create long-ter.... More »
Can you gain entry to your formerly shared home after a separation? May 7th
Q. I have somewhat of a complicated situation regarding my separation and the separation agreement, so I’ll try my best to give you as much information as possible:
February 2004: Partner and I started living together. He had just purchased a townhouse with financial assistance from his mother. I.... More »
Variable mortgage rates regaining traction as Bank of Canada cuts rates + MORE Sep 5th
The decision by the Bank of Canada to cut its key interest rate target this week was good news for borrowers with variable-rate mortgages, bringing back some of the shine for the once popular loans.
The rate cut prompted big commercial banks to lower their prime rates, which are used to set the r.... More »
TD profit falls shy of forecasts as loan-loss provisions weigh - The Globe and Mail Aug 29th
TD profit falls shy of forecasts as loan-loss provisions weigh The Globe and MailTD Bank reports higher profit in third quarter BNNBloomberg.caTD Bank caps earnings at Canada's 5 biggest banks with profit rise to $3.2B CBC NewsTD Bank’s Margins Squeezed as Earnings.... More »
Can you save tax by moving into your rental property? Apr 18th
Ask MoneySense
I have a house I was renting in the past and now want to move into as my primary residence. Is there a length of time that I need to live in it to ensure capital gains will not apply on my death, or will capital gains apply based on the years it was rented?
Also, if I co-own this h.... More »
How much do children cost? The 'mommy tax' for women lasts at least 5 years, Royal Bank says
– cbc.ca
Having children comes at a “significant” cost for a woman’s career, according to a recent report from the Royal Bank of Canada, which says women lose earnings for up to five years after giving birth.
Investors getting burned by falling rates
– moneysense.ca
Like many investors, Norman Levine was sure that interest rates were going to rise. He was so sure that he bought a number of rate-reset preferred shares, which are shares that reset their dividend every five years. If rates rise, those payouts climb. If not, they fall. Unfortunately, for Levine – and the many other investors who adjusted their portfolios thinking that rates were on a steady climb higher – long-term interest rates have fallen, while short-term rates may not be moving much this year either. “Our preferreds got clobbered,” says Levine, a managing director at Toronto’s Portfolio Management Corporation.
Over the last year or so, portfolio managers, economists and journalists like me, have been talking about how interest rates are going to rise and the destruction that would cause in rate sensitive sectors, such as utilities, real estate investment trusts and telecoms. While we were right at first – between January 2 and October 1, 2018, the 10-year U.S. Treasury yield climbed by 33%, while the S&P/TSX Capped Utilities Index fell by 11…
Over the last year or so, portfolio managers, economists and journalists like me, have been talking about how interest rates are going to rise and the destruction that would cause in rate sensitive sectors, such as utilities, real estate investment trusts and telecoms. While we were right at first – between January 2 and October 1, 2018, the 10-year U.S. Treasury yield climbed by 33%, while the S&P/TSX Capped Utilities Index fell by 11…
