How to go about securing the best return for your investment in Canada.
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Australia cuts its benchmark interest rate to record low + MORE Feb 3rd
SYDNEY, Australia – Australia’s central bank cut its benchmark interest rate to a record low of 2.25 per cent on Tuesday in a bid to jolt an economy weighed down by falling commodity prices.
The Reserve Bank of Australia’s quarter percentage point rate cut at a monthly board meeting wa.... More »
New housing rules to curb exposure to rising debt: BoC + MORE Dec 15th
OTTAWA —The Bank of Canada is expecting new mortgage rules to help ease a continued rise in household indebtedness that it says has left the country increasingly exposed to an economic shock.
The central bank warned Thursday that the still-climbing levels of debt and the growing proportion of high.... More »
Trump impeachment inquiry: Highlights of the testimony so far - Global News Oct 18th
Trump impeachment inquiry: Highlights of the testimony so far Global NewsWhite House acknowledges Trump withheld Ukraine aid for political reasons CBC.caAid for Ukraine was delayed partly due to election probe, White House admits Global NewsMulvaney admitted to a qui.... More »
Making sense of the markets this week: May 29 + MORE May 27th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
Stephen Harper’s approach to real estate issues is flawed Aug 29th
The Conservatives’ plan will waste half a million dollars on an unnecessary study of foreign ownership in the market, and we haven’t heard enough from the NDP and Liberals
.... More »
Chrysler dealers upbeat about purchase of US automaker by Italy’s Fiat
– canadianbusiness.com
NEW ORLEANS – Chrysler dealers from around the U.S. seem revved up by the purchase of the U.S. carmaker by Italy’s Fiat SpA.
They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days after Fiat announced that it had bought the last big chunk of Chrysler stock to make the U.S. company a wholly owned subsidiary.
“I think it’s well deserved,” said Pamela Burger of Carl Burger Chrysler Jeep Dodge Ram World in the San Diego suburb of La Mesa, Calif. “They picked us up out of bankruptcy when we couldn’t even be bought, and have grown us over five years. … They helped us grow instead of stripping us of money and assets.”
And, she said, “The quality gets better and better.”
Fiat has been running Chrysler since 2009 and owned nearly 60 per cent of Chrysler’s shares but lacked full control until Fiat-Chrysler CEO Sergio Marchionne won a hard-fought deal with the union-controlled trust fund that owned the remaining 41…
They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days after Fiat announced that it had bought the last big chunk of Chrysler stock to make the U.S. company a wholly owned subsidiary.
“I think it’s well deserved,” said Pamela Burger of Carl Burger Chrysler Jeep Dodge Ram World in the San Diego suburb of La Mesa, Calif. “They picked us up out of bankruptcy when we couldn’t even be bought, and have grown us over five years. … They helped us grow instead of stripping us of money and assets.”
And, she said, “The quality gets better and better.”
Fiat has been running Chrysler since 2009 and owned nearly 60 per cent of Chrysler’s shares but lacked full control until Fiat-Chrysler CEO Sergio Marchionne won a hard-fought deal with the union-controlled trust fund that owned the remaining 41…
90 days – 3.00%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-06. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.
Why you shouldn’t borrow for your RRSP
– thestar.com
As the March 3 RRSP deadline draws closer you may get a pitch from your bank to borrow to make a contribution. It may not be a good idea.IMF’s Lagarde warns of risks posed to global recovery from Fed tapering and eurozone deflation
– canadianbusiness.com
DAVOS, Switzerland – The International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve’s monetary stimulus and falling prices in the eurozone.
Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the world have to be alert to the potential repercussions from the Fed’s “tapering,” a policy change it decided to embark upon in December.
So far, the move has been minimal — it has reduced the amount of bonds it buys each month by $10 billion to $75 billion — but many economists think that it could end this year if the U.S. economic recovery gains steam.
Over the past few years, the Fed’s stimulus, in its various guises has had a big impact on financial markets. As well as shoring up stock markets around the world, the new money created by the stimulus has flown to emerging economies as investors sought out better returns…
Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the world have to be alert to the potential repercussions from the Fed’s “tapering,” a policy change it decided to embark upon in December.
So far, the move has been minimal — it has reduced the amount of bonds it buys each month by $10 billion to $75 billion — but many economists think that it could end this year if the U.S. economic recovery gains steam.
Over the past few years, the Fed’s stimulus, in its various guises has had a big impact on financial markets. As well as shoring up stock markets around the world, the new money created by the stimulus has flown to emerging economies as investors sought out better returns…
