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AIMCO says pension funds ‘sitting on laurels,’ should get outside comfort zone + MORE Jun 24th
CALGARY – Pension funds need to stretch outside their comfort zone if they’re to bring in healthy returns over the long term, says the CEO of Alberta Investment Management Corp., which has new energy technologies in its sights.
“Canadian pension funds are sort of sitting on their l.... More »
How to read your investment statements Oct 16th
Failing to read your investment statements that arrive each month creates unnecessary risk and missed opportunities to catch errors, track progress, and stay aligned with your financial goals. Learning how to read your investment statement takes only a few minutes each month and provides important o.... More »
Your ultimate guide to the top sustainable investment funds Feb 5th
Corporate Knights ranked over 700 mutual funds and ETFs through a sustainability lens. Here are the top scorers.... More »
Estate planning and trusts for a beneficiary with a disability Dec 28th
I am wondering who I would reach out to for estate planning advice. I have a family member on permanent disability (independent living) and wish to arrange a trust upon my death that would not interfere with his monthly support ceiling of one thousand dollars a month (the current income is approxima.... More »
It’s never too late – 6 simple ways to get your financial act together + MORE Sep 4th
Save, invest, prosper with My Own Advisor.
It’s never too late – 6 simple ways to get your financial act together Long time readers of this blog know that we try and do a few things really well when it comes to money management (instead of trying to be the perfect saver or investor). That’s .... More »
120 days – 1.70%
– 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.
Ontario Power Generation profit falls to $135M for 2013 from $367M in 2012
– canadianbusiness.com
TORONTO – Ontario Power Generation Inc. said Thursday that it earned $135 million last year compared with a profit of $367 million in 2012 due to outages at its nuclear power plants and restructuring costs related to the closure of two coal-fired plants.
The drop in profits came as revenue last year increased to $4.86 billion, up from $4.73 billion in 2012.
“Last year’s financial results were affected by an increase in nuclear outage activities that were, in part, for the investments required to extend operations of our nuclear facilities as well as for emergent repairs,” president and chief executive Tom Mitchell said in a statement.
The utility said total electricity generated in 2013 of 80.3 terawatt hours was down slightly from 83.7 TWh in 2012 due to lower nuclear and thermal generation, partially offset by higher hydroelectric generation.
Nuclear power amounted to 44.7 TWh in 2013, down from 49 TWh in 2012 due to extensions to planned outages at the Pickering and Darlington Nuclear generating stations…
The drop in profits came as revenue last year increased to $4.86 billion, up from $4.73 billion in 2012.
“Last year’s financial results were affected by an increase in nuclear outage activities that were, in part, for the investments required to extend operations of our nuclear facilities as well as for emergent repairs,” president and chief executive Tom Mitchell said in a statement.
The utility said total electricity generated in 2013 of 80.3 terawatt hours was down slightly from 83.7 TWh in 2012 due to lower nuclear and thermal generation, partially offset by higher hydroelectric generation.
Nuclear power amounted to 44.7 TWh in 2013, down from 49 TWh in 2012 due to extensions to planned outages at the Pickering and Darlington Nuclear generating stations…
Good news, bad news
– macleans.ca
Golden night: Steve McQueen, director and producer of 12 Years a Slave, celebrates with cast and crew after accepting the Oscar for best picture.Good news
A dose of reason
Modest though it is, the Canadian Mortgage and Housing Corporation’s latest move to guard against a U.S.-style real estate crisis is nevertheless welcome. More than a nod to overheated home markets in Canada’s largest cities, the hike in insurance premiums for mortgages with less than 20 per cent down offers a modicum of protection for taxpayers, should the market ever crater. Yes, prices have been driven up mainly by dirt-cheap credit. But easy insurance has played its part in the frenzy, too, and it’s high time the CMHC tightened its purse strings.
Joint effort
A bipartisan initiative between the Obama administration and Republicans in the U.S. Senate is reportedly under way to end mandatory minimum sentences for non-violent drug offenders. Billed as the most significant liberalization of narcotics law since Richard Nixon declared the war on drugs, this overdue move acknowledges the obvious: Mandatory minimums can be self-defeating, ruining people who might otherwise lead productive lives…
Netherlands-based telecom firm Vimpelcom has written down its investment in Canadian telecom carrier Wind Mobile to zero at the same time it slashed the value of its investment in Ukraine.
30 days – 1.50%
– 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.
