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Latest News
How the coronavirus pandemic could change the way we think about retirement in Canada Apr 29th
Over the past few decades, the concept of retirement has grown increasingly more sophisticated. Canadians preparing for retirement have been able to contemplate a variety of highly personalized approaches—from early (or even very early) retirement; to active, phased, or working retirement; and mor.... More »
Britain ready to confront expected Brexit volatility, treasury chief says + MORE Jun 27th
Treasury chief George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the economy was about as strong as it could be to cope with the challenge ahead..... More »
Pembina Pipeline posts 1st-quarter profit of $74.3 million + MORE May 5th
CALGARY – CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported first-quarter earnings of $74.3 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3.... More »
Surviving the present, investing in the future: Gen Z’s financial balancing act Sep 13th
For Canada’s Gen Z, money is a mix of anxiety and opportunity. They’re the nation’s youngest workers, navigating rising living costs, heavy debt loads, and uncertain job markets. Many hustle to make ends meet—taking on gig work, cutting back on spending, and finding creative ways to save—w.... More »
At least 3 killed after Zimbabwe troops fire upon protesters in clash over vote results - CBC.ca Aug 1st
CBC.caAt least 3 killed after Zimbabwe troops fire upon protesters in clash over vote resultsCBC.caPresident Emmerson Mnangagwa in a statement carried by state media says the opposition under Nelson Chamisa is responsible for the chaos "meant to disrupt the electoral process." Demonstrator.... More »
4.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Making smarter asset location decisions
– moneysense.ca
Last week’s posts about tax loss selling prompted some interesting questions about asset location in the comments section. Holding your ETFs and index funds in the most tax-efficient accounts can have a big impact on your long-term returns. But although it’s often easy to set up a portfolio with proper asset location, it can be a challenge to maintain the right balance when you add new money.Say you’re using the Global Couch Potato portfolio spread across three accounts. Your TFSA and RRSP are maxed out at $25,000 and $125,000, respectively, and you have another $75,000 in a non-registered account. Your optimal asset location would look like this:
So far, so good. But now you’ve won second prize in a beauty contest and received a $25,000 windfall. Since you can’t add it to your tax-sheltered savings, you put the money in your non-registered account. Then you enter the new values into your rebalancing spreadsheet and discover your portfolio is now off its target:
The naive way to rebalance your portfolio would be to make all the transactions in your non-registered account…
Making Smarter Asset Location Decisions
– CanadianCouchPotato.com
Last week’s posts about tax loss selling prompted some interesting questions about asset location in the comments section. Holding your ETFs and index funds in the most tax-efficient accounts can have a big impact on your long-term returns. But although it’s often easy to set up a portfolio with proper asset location, it can be a challenge to maintain the right balance when you add new money.Say you’re using the Global Couch Potato portfolio spread across three accounts. Your TFSA and RRSP are maxed out at $25,000 and $125,000, respectively, and you have another $75,000 in a non-registered account. Your optimal asset location might look like this:
So far, so good. But now you’ve won second prize in a beauty contest and received a $25,000 windfall. Since you can’t add it to your tax-sheltered savings, you put the money in your non-registered account. Then you enter the new values into your rebalancing spreadsheet and discover your portfolio is now off its target:
The naive way to rebalance your portfolio would be to make all the transactions in your non-registered account…
Marriott International posts $160M 3Q profit on higher rates, occupancy, more group bookings
– canadianbusiness.com
NEW YORK, N.Y. – Marriott International’s third-quarter earnings rose 12 per cent thanks to higher occupancy, room rates and a pickup in short-term group bookings.
The hotel chain, best known for brands like Courtyard, Ritz Carlton and Fairfield Inn, reported net income of $160 million, or 53 cents per share, for the three months ended Sept. 30. That was up from $143 million, or 45 cents per share, in the 2012 third quarter.
The Bethesda, Md.-based company changed its reporting calendar and this year’s quarter is eight days longer than last year.
Marriott reported $3.16 billion in revenue, up 16 per cent from $2.73 billion last year.
Analysts, on average, expected earnings of 45 cents per share and revenue of $3.04 million, according to FactSet.
The company’s revenue per available room — or REVPAR — was $104.77, up 4.8 per cent from the prior year. Analysts had predicted it would be $104.
The figure is an important gauge for the industry because it measures occupancy and rates…
The hotel chain, best known for brands like Courtyard, Ritz Carlton and Fairfield Inn, reported net income of $160 million, or 53 cents per share, for the three months ended Sept. 30. That was up from $143 million, or 45 cents per share, in the 2012 third quarter.
The Bethesda, Md.-based company changed its reporting calendar and this year’s quarter is eight days longer than last year.
Marriott reported $3.16 billion in revenue, up 16 per cent from $2.73 billion last year.
Analysts, on average, expected earnings of 45 cents per share and revenue of $3.04 million, according to FactSet.
The company’s revenue per available room — or REVPAR — was $104.77, up 4.8 per cent from the prior year. Analysts had predicted it would be $104.
The figure is an important gauge for the industry because it measures occupancy and rates…
Shoppers to benefit from Sears closures
– moneysense.ca
(Photo: Simon Hayter/Profit)The shuttering of five more major Sears Canada stores in Ontario and B.C., including the flagship Eaton Centre location, couldn’t have come at a better time for consumers.
Sears Canada spokesperson Vincent Power confirmed to MoneySense that all five stores are fully stocked for the holidays and will be offering liquidation-type sales on much of those goods in the coming weeks. That means rare, steep discounts on in-demand items. Expect the most aggressive sales to coincide with the Black Friday shopping weekend (Nov. 29-Dec. 1) and continue thereafter.
“Starting in a few weeks (shoppers) are going to see liquidation signs and at that point those prices will stay that way until merchandise is cleared,” Power said, adding that the best deals will be on fashion, toys and housewares since the retailer is less likely to redistribute those goods to other stores in the chain. Appliances, electronics and furniture (excluding floor models) are less likely to be significantly reduced and will be sent back to stock rooms…
