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Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid - Yahoo Canada Finance Feb 12th
Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid Yahoo Canada FinanceFeds approve Air Canada takeover of Air Transat CTV NewsAir Canada posts 'bleak' results as Transat deal comes through BNNAir Canada posts 'bleak'.... More »
U.S. inflation rate cools to 8.2%, but core prices still trending in wrong direction — up - CBC News Oct 13th
U.S. inflation rate cools to 8.2%, but core prices still trending in wrong direction — up CBC NewsNew York Fed Survey Shows Sticky Inflation Expectations The Wall Street JournalInflation declining more slowly than previously anticipated: Fed minutes Yahoo FinanceUS.... More »
Why did Silicon Valley Bank fail and is a financial crisis next? - Al Jazeera English + MORE Mar 14th
Why did Silicon Valley Bank fail and is a financial crisis next? Al Jazeera EnglishCanada, other governments hustle to stop Silicon Valley Bank crisis from spreading CBC NewsSilicon Valley Bank Paid Out Bonuses HOURS Before Collapsing & Lobbied For Years To Deregulate .... More »
Dow Jones Futures Fall On Global Trump Tariff Hikes, Amazon Earnings; Jobs Report Due - Investor's Business Daily Aug 1st
Dow Jones Futures Fall On Global Trump Tariff Hikes, Amazon Earnings; Jobs Report Due Investor's Business DailyTrump tariffs live: stock markets fall after US announces new rates on 92 countries The GuardianStocks Drop as Trump’s New Tariffs Weigh on Markets The Ne.... More »
How are bonuses taxed in Canada? + MORE Jan 16th
If you’re fortunate enough to get a bonus from your employer this year, or if you’ve recently earned a pay bump, how should you spend it?
Maybe that money is already spoken for. Many Canadians are struggling financially right now, so a bonus or salary increase might simply help cover th.... More »
Recovering from GIC sticker shock
– moneysense.ca
If you’re a retiree or near-retiree relying on GICs for your fixed-income investments, no doubt you’re facing GIC sticker shock as previously invested GICs are reaching maturity. If before you were getting 2% to 3% on 2-, 3-, 4- or 5-year GICs, you may be shocked to discover you’ll be lucky to get 1%—and only then if, instead of taking the GIC your brokerage suggests, you fight for a better offer. Committing to a 5-year term may gain you only 0.5% or so, depending on the provider.
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
