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Cenovus Energy looking to cut jobs, slash dividends + MORE Jul 30th
Cenovus Energy Inc says it's looking to cut between 300 to 400 jobs in the second half of this year, and is chopping its quarterly dividend by 40 per cent..... More »
The best GIC rates in Canada for 2024 Sep 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Millennials thinking small for affordable housing + MORE Feb 21st
The real estate market is ballooning and young buyers in their 20s and 30s are faced with huge costs for a first home. In pursuit of affordability, many millennials are adapting their expectations, seeking housing that, in some cases, is downright tiny..... More »
Here's how much you need to make to afford a home in Vancouver right now | Urbanized - Daily Hive + MORE Feb 2nd
Here's how much you need to make to afford a home in Vancouver right now | Urbanized Daily HiveCanada’s Real Estate Bubble Has Grown Over 800% Faster Than US Home Prices Better DwellingAverage BC home price will reach $1 million for the first time in 2022 | Urbanized &nb.... More »
B.C. finance minister heads to Malaysia to discuss Petronas LNG deal + MORE Jul 26th
VICTORIA – British Columbia’s finance minister is travelling to Malaysia to discuss a $36 billion liquefied natural gas project in the province’s northwest.
Michael de Jong will meet with officials over the next six days to discuss the ratification of a project agreement with Pacif.... More »
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Weekend Reading – Housing bets, Rob Carrick’s advice and much more
– myownadvisor.ca
Welcome to your Weekend Reading list, some of my favourite personal finance and investing news from the week that was. Enjoy the links and have a great weekend.
Larry MacDonald said don’t bet the farm on Canadian housing tanking in 2014, given in the U.S. “…the Fed has pledged not to raise its overnight rate until mid-2015. And then it would take at least another year of steady increases to bring about inversion of the yield curve.”
Rob Carrick’s job is challenging, how to say watch your fees, forget the market noise and manage portfolio risk without sounding too repetitive. I enjoyed his Q&A here.
DGI&R profiled Warren Buffett’s favourite company.
MoneySense provided a portfolio for those without a pension plan.
Here are 5 advantages of using dividend stocks in your portfolio from Our Big Fat Wallet. This benefit is important: a diversified portfolio of blue-chip dividend stocks provide steady, predictable cash flow.
This article from the Financial Post suggests the best (retirement) plan is to have a diversified nest egg, any combination of pension plan, RRSP, TFSA and other forms of savings and income…
Larry MacDonald said don’t bet the farm on Canadian housing tanking in 2014, given in the U.S. “…the Fed has pledged not to raise its overnight rate until mid-2015. And then it would take at least another year of steady increases to bring about inversion of the yield curve.”
Rob Carrick’s job is challenging, how to say watch your fees, forget the market noise and manage portfolio risk without sounding too repetitive. I enjoyed his Q&A here.
DGI&R profiled Warren Buffett’s favourite company.
MoneySense provided a portfolio for those without a pension plan.
Here are 5 advantages of using dividend stocks in your portfolio from Our Big Fat Wallet. This benefit is important: a diversified portfolio of blue-chip dividend stocks provide steady, predictable cash flow.
This article from the Financial Post suggests the best (retirement) plan is to have a diversified nest egg, any combination of pension plan, RRSP, TFSA and other forms of savings and income…
Business Highlights
– canadianbusiness.com
___
US stocks end higher; Dow has its best day of 2014
NEW YORK (AP) — After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year.
The Dow Jones industrial average and the S&P 500 index each closed up 1.2 per cent, their largest single-day increase since Dec. 18.
The rally helped the market rebound a day after a modest loss and continued a gradual comeback since a plunge of more than 2 per cent on Monday.
Thursday’s surge began overseas, where the European Central Bank decided not to cut interest rates. The move propelled major European stock indexes sharply higher.
Then the markets got a dose of good news on the U.S. job market. The Labor Department reported that fewer people applied for unemployment benefits last week.
___
Fears of slowdown sharpen focus on US jobs report
WASHINGTON (AP) — Fears of an economic slowdown are heightening anticipation of what Friday’s U.S. jobs report for January might reveal…
US stocks end higher; Dow has its best day of 2014
NEW YORK (AP) — After a rocky start to the week, U.S. stocks roared back on Thursday, giving major stock indexes their biggest gain of the year.
The Dow Jones industrial average and the S&P 500 index each closed up 1.2 per cent, their largest single-day increase since Dec. 18.
The rally helped the market rebound a day after a modest loss and continued a gradual comeback since a plunge of more than 2 per cent on Monday.
Thursday’s surge began overseas, where the European Central Bank decided not to cut interest rates. The move propelled major European stock indexes sharply higher.
Then the markets got a dose of good news on the U.S. job market. The Labor Department reported that fewer people applied for unemployment benefits last week.
___
Fears of slowdown sharpen focus on US jobs report
WASHINGTON (AP) — Fears of an economic slowdown are heightening anticipation of what Friday’s U.S. jobs report for January might reveal…
Asian stock markets mostly higher amid hopes of positive US jobs report
– canadianbusiness.com
KUALA LUMPUR, Malaysia – Asian stock markets were mostly higher Friday, mirroring gains on Wall Street in anticipation of a positive U.S. jobs report for January.
Japan’s benchmark Nikkei 225 index surged 1.6 per cent to 14,382.77 and Hong Kong’s Hang Seng added 0.9 per cent to 21,614.36. South Korea’s Kospi climbed 0.4 per cent to 1,915.16 and Australia’s S&P/ASX 200 rose 0.6 per cent to 5,160.10.
China’s Shanghai Composite, which reopened after a long Lunar New Year holiday, eased 0.5 per cent to 2,023.09.
Investors are hoping for a robust jobs report after the U.S. economy added a disappointing 74,000 jobs in December. That was the fewest in three years and far below the average of 214,000 added in the previous four months.
The Labor Department earlier this week said fewer people sought unemployment benefits last week while a private survey reported positive data on U.S. hiring. Hopes of a good January report bolstered the Dow Jones industrial average and the S&P 500 index, which each closed up 1…
Japan’s benchmark Nikkei 225 index surged 1.6 per cent to 14,382.77 and Hong Kong’s Hang Seng added 0.9 per cent to 21,614.36. South Korea’s Kospi climbed 0.4 per cent to 1,915.16 and Australia’s S&P/ASX 200 rose 0.6 per cent to 5,160.10.
China’s Shanghai Composite, which reopened after a long Lunar New Year holiday, eased 0.5 per cent to 2,023.09.
Investors are hoping for a robust jobs report after the U.S. economy added a disappointing 74,000 jobs in December. That was the fewest in three years and far below the average of 214,000 added in the previous four months.
The Labor Department earlier this week said fewer people sought unemployment benefits last week while a private survey reported positive data on U.S. hiring. Hopes of a good January report bolstered the Dow Jones industrial average and the S&P 500 index, which each closed up 1…
Sun Life launches business focused on pension plans
– thestar.com
Sun Life Investment Management Inc. will offer pooled funds focused on private fixed-income investments, commercial mortgages and real estate.
