How to go about securing the best return for your investment in Canada.
Latest News
6 mistakes new condo investors make + MORE Aug 19th
Mistake #1: Condo investors trust the floor plan
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square.... More »
CIBC kicks off bank results with dividend hike, beats expectations + MORE Feb 22nd
First-quarter net earnings slip to $1.32-billion from $1.4-billion a year earlier
.... More »
How Contributions Affect Your Rate of Return + MORE Jul 20th
Whenever I update the returns of my model portfolios, readers ask how the performance would have been different had they added money to the portfolios money each month. This question gets to the heart of the difference between time-weighted and money-weighted returns, which I introduced in my previo.... More »
Stocks edge lower ahead of big tech earnings: Stock market news today - Yahoo Canada Finance Apr 25th
Stocks edge lower ahead of big tech earnings: Stock market news today Yahoo Canada FinanceBefore the Bell: Markets await tech Alphabet, Microsoft results The Globe and MailU.S. stocks drift with focus on earnings; bonds rally BNN BloombergHere's what we expect from o.... More »
Weekend Reading – Wanting the market to crash, overspending, not showing up and more + MORE Feb 18th
Learn, save, invest and prosper with My Own Advisor.
Welcome to some Weekend Reading friends – the best from the personal finance and investing blogosphere. Before I get to the articles I enjoyed this week, I thought I would show you some of the snow I moved this week. First, shovelling snow to .... More »
Caracal joins forces with TransGlobe to create Africa-focused explorer
– canadianbusiness.com
CALGARY – Shares in TransGlobe Energy Corp. (TSX:TGL) were up in the first day of trading after it announced plans to join forces with Caracal Energy Inc. to create an African-focused oil explorer worth $1.8 billion.
The combined company will carry on under the Caracal Energy name and will be led by Caracal chief executive Gary Guidry, who recused himself from considering the deal because he sat on the TransGlobe board until this month and is an investor in the Calgary-based company.
TransGlobe’s shares gained 25 cents or nearly three per cent Monday to trade at $8.66 on the Toronto Stock Exchange. Caracal Energy (LSE:CRCL) shares dropped 6.4 per cent in London.
Caracal expects its average production in 2014 to be between 31,000 and 34,000 barrels of oil per day.
Under the deal announced late Saturday, each TransGlobe shareholder will receive 1.23 shares of Caracal for each TransGlobe share they own.
TransGlobe’s current shareholders will own about one-third of the combined company and Caracal shareholders will own two-thirds, assuming the deal closes as expected…
The combined company will carry on under the Caracal Energy name and will be led by Caracal chief executive Gary Guidry, who recused himself from considering the deal because he sat on the TransGlobe board until this month and is an investor in the Calgary-based company.
TransGlobe’s shares gained 25 cents or nearly three per cent Monday to trade at $8.66 on the Toronto Stock Exchange. Caracal Energy (LSE:CRCL) shares dropped 6.4 per cent in London.
Caracal expects its average production in 2014 to be between 31,000 and 34,000 barrels of oil per day.
Under the deal announced late Saturday, each TransGlobe shareholder will receive 1.23 shares of Caracal for each TransGlobe share they own.
TransGlobe’s current shareholders will own about one-third of the combined company and Caracal shareholders will own two-thirds, assuming the deal closes as expected…
Government policies have widened Canada’s income gap
– theglobeandmail.com
Cuts to unemployment benefits and social assistance in 1990s have blunted the country’s best tools to redistribute wealth
Teams boost mutual fund returns
– moneysense.ca
Investors looking for a little extra octane in their investing gas tank might consider mutual funds with multiple managers. That’s because they outperform single-manager funds, says a study by Saurin Patel of Western University and Sergei Sarkissian of McGill University. Using U.S. mutual fund data from Morningstar, they found the team approach reduces aggressive trading and lowers turnover rates by 5.5%, reducing trading costs and boosting investor returns. Another notable finding showed managed teams in big cities gain on average 60 to 72 basis points more per year than single-manager funds in smaller cities, suggesting access to more financial information improves performance.The post Teams boost mutual fund returns appeared first on MoneySense.
Consumer Financial Cover-Up
– online.wsj.com
An agency won’t tell employers or Congress how it calculates bias.
CREA trims sales outlook for 2014 as February sales edge higher but remain low – Calgary Herald
– news.google.ca
Calgary HeraldCREA trims sales outlook for 2014 as February sales edge higher but remain lowCalgary HeraldOTTAWA – Canadian Real Estate Association has trimmed its sales forecast for this year even as home sales in February rose slightly compared with the previous month. In a new forecast of Canada's closely-watched housing market, the real estate …BC home sales to see largest year-over-year increaseVancouver SunCanadian home sales rise in February, forecast trimmedReuters CanadaCREA cuts outlook even as February resales, prices advanceThe Globe and MailBloombergall 12 news articles »
