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“Which reverse mortgage is right for me?” Sep 12th
When Vancouver condo owners Maggie and Rob found out they were on the hook for $400,000 in improvement costs to their building and unit as required by an assessment from their Strata Council, they weren’t sure what to do. (We’ve changed their names and some details to protect their privacy.)
.... More »
Investing University: It’s Time to Get Started! + MORE Dec 30th
By: Pira Kumarasamy
The stock market in 2015 hasn’t been for the faint of heart, and for millennial investors, the sharp fluctuations might be intimidating enough to keep them out of the game. Fortunately, with so many investing options available, now is a great time to start. With time on their .... More »
Chelsea, 26, makes $85,000 as a veterinarian. Despite paying off student loans, she still has $23,000 in debt. How can she save enough to buy her first home? + MORE Apr 10th
As she works to pay off her remaining debt, Chelsea wants clarity on how to achieve her saving goals and how to be smarter with her money..... More »
Interest Rate Hike, Even A Small One, Could Be Trouble For 1 Million Canadians + MORE Sep 14th
TORONTO -- Up to one million Canadian borrowers could face problems paying their debts if interest rates rise by a full percentage point including some of the highest rated consumers, a report released Tuesday by TransUnion suggests.
The credit reporting agency said that while the majority of Canad.... More »
Making sense of the markets this week: September 6, 2021 + MORE Sep 5th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The rich get richer as rates go lower
We know that lower rates set by central banks help to stimulate economic growth by providing cheap money. On the flipsi.... More »
MONTREAL – Two-thirds of Canadians polled would like to have put more money into their RRSPs for the 2013 tax year, according to a new survey that found average contributions were down slightly this time around.
The Bank of Montreal’s (TSX:BMO) RRSP deadline survey, conducted last week, said that Canadians were contributing an average of $3,518 to their RRSPs, down $26 from an average of $3,544 for the 2012 tax year.
“It looks like from one year to the next, we’re consistent,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO Financial Group.
“If it was down $1,000, I’d be concerned,” Buttigieg said from Toronto.
Buttigieg noted that Canadians are also juggling other priorities such as mortgages, car payments and month-to-month living expenses.
Meanwhile, more than two-thirds of Canadians were making contributions to their Registered Retirement Savings Plan before the deadline, which expired at midnight Monday night, up from the year-earlier’s 63 per cent…
The Bank of Montreal’s (TSX:BMO) RRSP deadline survey, conducted last week, said that Canadians were contributing an average of $3,518 to their RRSPs, down $26 from an average of $3,544 for the 2012 tax year.
“It looks like from one year to the next, we’re consistent,” said Chris Buttigieg, senior manager of wealth planning strategy at BMO Financial Group.
“If it was down $1,000, I’d be concerned,” Buttigieg said from Toronto.
Buttigieg noted that Canadians are also juggling other priorities such as mortgages, car payments and month-to-month living expenses.
Meanwhile, more than two-thirds of Canadians were making contributions to their Registered Retirement Savings Plan before the deadline, which expired at midnight Monday night, up from the year-earlier’s 63 per cent…
Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup
– canadianbusiness.com
MEXICO CITY – Mexican authorities are investigating whether the owner of a Mexican oil services company that allegedly defrauded Citigroup used his professional soccer team to launder money.
An official with the Attorney General’s Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico’s first division soccer league.
The official said Monday that fiscal authorities are reviewing the team’s financial and administrative structures. He agreed to discuss the investigation only if granted anonymity because he was not authorized to publicly discuss the case.
Authorities are also investigating Oceanografia after it allegedly overstated by $400 million the business it was doing with Mexico’s state-owned oil company to get loans from Banamex, Citigroup’s largest Mexican bank.
Oceanografia was suspended from getting more Pemex contracts in February.
The post Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup appeared first on Canadian Business.
An official with the Attorney General’s Office says Amado Yanez owns Oceanografia SA de CV and the White Roosters, a Queretaro-based team in Mexico’s first division soccer league.
The official said Monday that fiscal authorities are reviewing the team’s financial and administrative structures. He agreed to discuss the investigation only if granted anonymity because he was not authorized to publicly discuss the case.
Authorities are also investigating Oceanografia after it allegedly overstated by $400 million the business it was doing with Mexico’s state-owned oil company to get loans from Banamex, Citigroup’s largest Mexican bank.
Oceanografia was suspended from getting more Pemex contracts in February.
The post Mexico investigates soccer team owned by man whose company allegedly defrauded Citigroup appeared first on Canadian Business.
Joseph Malchow: Those Nonsensical 'Google Bus' Attacks
– online.wsj.com
Why declare war on the tech workers who pour $14.5 billion of income tax into California?
