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US NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind on - Globalnews.ca + MORE Sep 6th
Globalnews.caUS NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind onGlobalnews.caWATCH: Canada and the U.S. are still negotiating and trying to reach a NAFTA deal. But our country's top negotiator, Foreign Affairs Minister Chrystia Freeland, may not have been hel.... More »
To save money, Canadians are buying more private-label grocery brands + MORE Oct 3rd
Over the past few years, consumers have been buying more private-label products at the grocery store to save money—and the trend may be here to stay.
Amid renewed investment by grocers in their store-branded offerings, studies show many shoppers no longer see store brands as lower quality than .... More »
Authorities close German unit of Canada’s Maple Financial + MORE Feb 7th
BERLIN – German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering.
Maple Bank, based in Frankfurt, Germany, is part of Canada’s Maple Financial Group.
The Federal Financial Supervisory Authori.... More »
Six big retirement mistakes – what I’m doing about them Feb 14th
Save, invest, prosper with My Own Advisor.
Six big retirement mistakes – what I’m doing about them Recently Jason Heath, a fee-only financial planner, outlined a number of mistakes investors make when it comes to retirement planning and/or investing during retirement. I thought I’d outli.... More »
GMP should settle on the future of its wealth manager + MORE May 6th
Richardson GMP doesn’t make much, but might still fetch a decent sale price
.... More »
Most Canadians think about real estate on a regular basis, and a good number of them are obsessed with it, an online survey suggests.Two Core ETFs Get New Indexes
– CanadianCouchPotato.com
Vanguard announced last October that it would be ending its relationship with MSCI, one of the largest index providers in the world, and using new benchmarks for many of its most popular ETFs. That transition is now complete. Between January and April of this year, Vanguard Canada’s emerging markets equity, Canadian equity, and international equity ETFs all got new indexes created by FTSE. And earlier this month Vanguard changed the benchmark for two US-listed ETFs that happen to be core holdings in my Complete Couch Potato portfolio.
The Vanguard Total Stock Market (VTI) is now benchmarked to the CRSP US Total Market Index rather than the MSCI US Broad Market Index. The Canadian-listed version of this fund, the Vanguard US Total Market Index (VUS), simply holds VTI and adds currency hedging, so it is affected by the index change as well.
Don’t expect any meaningful effect on the performance of VTI. The CRSP index is slightly broader than its MSCI counterpart: the latter “targets for inclusion 99…
The Vanguard Total Stock Market (VTI) is now benchmarked to the CRSP US Total Market Index rather than the MSCI US Broad Market Index. The Canadian-listed version of this fund, the Vanguard US Total Market Index (VUS), simply holds VTI and adds currency hedging, so it is affected by the index change as well.
Don’t expect any meaningful effect on the performance of VTI. The CRSP index is slightly broader than its MSCI counterpart: the latter “targets for inclusion 99…
World's wealthy richer than ever
– cbc.ca
The investable wealth of the world’s richest people reached a record high of $46.2 trillion US in 2012, a report by RBC Wealth Management and the consulting firm Capgemini has found.
Our occasional series on money mistakes continues with ING Direct president Peter Aceto who learned some valuable lessons about stock tips as a young man.Investors don’t have to wait for Canada to bury trailers
– moneysense.ca
Sparks flew during a panel discussion at a recent meeting of the Ontario Securities Commission when the topic of eliminating mutual fund trailing commissions was tossed onto the debate table. It’s hardly a novel talking point, as an overhaul of Canada’s mutual fund fees has been long overdue. But not surprisingly, there is fierce division over making radical changes to Canada’s current mutual fund fee structure.
What’s at stake? For starters, boatloads of money. Numerous published research studies already show that Canadians, on average, have the highest mutual fund fees in the world—our annual management expense ratios (MERs) range between 2% to 3%. Most of that cost covers investment management and operating expenses for funds, while about 1% goes to advisers in exchange for ongoing service in the form of trailing commissions (also commonly known as a “trailers”). The latest statistics provided by the Canadian Securities Administrators (CSA) showed that in 2011 mutual fund investors paid $4…
What’s at stake? For starters, boatloads of money. Numerous published research studies already show that Canadians, on average, have the highest mutual fund fees in the world—our annual management expense ratios (MERs) range between 2% to 3%. Most of that cost covers investment management and operating expenses for funds, while about 1% goes to advisers in exchange for ongoing service in the form of trailing commissions (also commonly known as a “trailers”). The latest statistics provided by the Canadian Securities Administrators (CSA) showed that in 2011 mutual fund investors paid $4…
