BMO, Scotiabank report revenue bump in 3rd quarter + MORE Aug 27th

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September 2017 Dividend Income Update + MORE Oct 7th

Save, invest, prosper with My Own Advisor. September 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss our approach to investing focusing on Canadian dividend paying stocks.  We believe buying and holding a.... More »
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Teck Resources shares up on merger report + MORE Mar 30th

VANCOUVER – Shares of Teck Resources Ltd. (TSX:TCK.B) were up more than 14 per cent Monday amid a report that the company is in talks regarding a possible merger with Chilean copper miner Antofagasta. Bloomberg cited unidentified sources with knowledge of the matter as saying that the companie.... More »
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Want to save money on gifts? Embrace holiday sales, and start early Nov 23rd

Have you started your holiday shopping yet? Plenty of Canadians are hitting “Add to cart” extra-early, whether they’re buying for Christmas, Kwanzaa or Hanukkah. Last year, supply-chain issues frustrated shoppers. The shipping delays have improved somewhat this year, but now inflation and tigh.... More »

Asia-Pacific ministers endorse China-backed trade pact, anti-corruption pledge + MORE Nov 8th

BEIJING, China – Ministers from Pacific Rim countries on Saturday endorsed a call to formally start work on a free-trade initiative seen as an effort by China to raise its influence in trade policy. The ministers meeting ahead of next week’s gathering of leaders from the United States, C.... More »
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What’s my RRSP contribution limit? + MORE Jan 31st

Find out your current registered retirement savings plan (RRSP) contribution limit by using this calculator. RRSP contribution rules highlights Your RRSP contribution limit is based on the maximum annual RRSP contribution room set by the Canadian government, the earned income you had du.... More »
There are many reasons why relatively few Canadian investors use ETFs compared with actively managed mutual funds. There’s about $900 billion in mutual funds in this country, while ETF assets total about $60 billion—just over 6% of the total. One of the main reasons for that yawning gap is that most advisors in Canada are licensed to sell mutual funds, but not ETFs. But that may be about to change.
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisors to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisors in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisors—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…

Continue Reading On CanadianCouchPotato.com »

BMO, Scotiabank report revenue bump in 3rd quarterThe Bank of Montreal has reported improved net earnings and revenue for the third quarter that beat analyst expectations while Scotiabank has increased its quarterly dividend by two cents to 62 cents per share even as the bank reported a decline in third-quarter net income and a slight rise in revenue.

Continue Reading On cbc.ca »

First Nations loses bid to block Canada-China FIPA treatyThe Federal Court has dismissed an application by an aboriginal band in British Columbia to stay the Canada-China investment treaty until First Nations have been consulted.

Continue Reading On cbc.ca »

VANCOUVER – A federal court judge has dismissed an application from a small British Columbia aboriginal band trying to stop the Canada-China free trade deal.
The judge found that the Hupacasath did not establish that the Foreign Investment Promotion and Protection Agreement with China will have adverse impacts on their aboriginal or self-government rights, and will not get a judicial review of the treaty.
“On the contrary, I am satisfied that the adverse impacts which (the band) has identified are speculative, remote and nonappreciable,” Chief Justice Paul S. Crampton wrote in the ruling posted on the court website Tuesday.
“Therefore, the ratification of the (treaty) by the Government of Canada without engaging in consultations with Hupacasath First Nation would not contravene the principle of the honour of the Crown or Canada’s duty to consult (the band) before taking any action that may adversely impact upon its asserted aboriginal rights.”
Signed almost a year ago, the deal has provisions similar to 24 other foreign investment pacts Canada has signed since 1989, including the North American Free Trade Agreement with the United States and Mexico…

Continue Reading On canadianbusiness.com »

There are many reasons why relatively few Canadian investors use ETFs compared with actively managed mutual funds. There’s about $900 billion in mutual funds in this country, while ETF assets total about $60 billion—just over 6% of the total. One of the main reasons for that yawning gap is that most advisers in Canada are licensed to sell mutual funds, but not ETFs. But that may be about to change.
The Canadian ETF Association (CETFA), an industry group that represents the country’s ETF providers, is spearheading an effort to enable mutual fund advisers to offer ETFs to their clients ETFs.
Here’s the crux of the issue. Investment advisers in Canada can be licensed by either the Mutual Fund Dealers Association (MFDA) or the Investment Industry Regulatory Organization of Canada (IIROC). MFDA advisers—many of whom work at bank branches and firms such as Investors Group—can sell mutual funds and nothing else. Only those who are IIROC-licensed can recommend and sell individual stocks or ETFs…

Continue Reading On moneysense.ca »

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