How to go about securing the best return for your investment in Canada.
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4.5 year - 2.25% + MORE Apr 23rd
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-21. Click on the link above to get more details or apply online..... More »
Iran to invite foreign companies to bidding on oil and gas Oct 16th
TEHRAN, Iran – Iran’s oil ministry website says the country will invite foreign companies on Monday to bid for oil and gas projects in Iran.
The Sunday report by Shana.ir did not say how many projects would be involved.
It will be the first time Iran offers an international tender for oi.... More »
US NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind on - Globalnews.ca + MORE Sep 6th
Globalnews.caUS NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind onGlobalnews.caWATCH: Canada and the U.S. are still negotiating and trying to reach a NAFTA deal. But our country's top negotiator, Foreign Affairs Minister Chrystia Freeland, may not have been hel.... More »
Business Highlights + MORE Sep 23rd
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Businesses and investors pressing for green policy
NEW YORK (AP) — Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary peo.... More »
Video: Trump promises to roll back bank regulations + MORE May 1st
President Donald Trump told a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.
.... More »
Methanex settles gas delivery dispute with Total Austral; gets US$42M payment
– canadianbusiness.com
VANCOUVER – Methanex Corp. (TSX:MX) says its Chilean subsidiary has settled a natural gas delivery dispute with Total Austral S.A. of Argentina for US$42 million.
Vancouver-based Methanex said Friday that Total has agreed to pay the money to Methanex Chile S.A. pursuant to a long-term natural gas supply agreement between the two companies.
Total will make a lump sum payment of US$42 million in order to terminate the agreement and settle all potential legal disputes, Methanex said.
“We are pleased to have reached an agreement with Total, and we believe that the settlement represents fair value for Methanex shareholders,” president and CEO John Floren said.
“We will continue to focus our efforts in Chile on realizing full value from our remaining assets including non-performing natural gas contracts. We have a first-class operation in Chile and remain optimistic that we can continue to operate in the region, supported by gas supplies from both Chile and Argentina.”
Methanex is the world’s largest producer and supplier of methanol to major international markets…
Vancouver-based Methanex said Friday that Total has agreed to pay the money to Methanex Chile S.A. pursuant to a long-term natural gas supply agreement between the two companies.
Total will make a lump sum payment of US$42 million in order to terminate the agreement and settle all potential legal disputes, Methanex said.
“We are pleased to have reached an agreement with Total, and we believe that the settlement represents fair value for Methanex shareholders,” president and CEO John Floren said.
“We will continue to focus our efforts in Chile on realizing full value from our remaining assets including non-performing natural gas contracts. We have a first-class operation in Chile and remain optimistic that we can continue to operate in the region, supported by gas supplies from both Chile and Argentina.”
Methanex is the world’s largest producer and supplier of methanol to major international markets…
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.
90 days – 1.60%
– 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.
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.
Is term life insurance worth the cost?
– moneysense.ca
Q: My wife and I are 66 and we’re in good health. Does it make sense to take out term life insurance carrying an annual premium of $6,000 to cover the tax on our substantial registered investments when we die?—Jim Semple, Regina
A: Insurance is a crucial part of a financial plan. While it can be a tool in estate planning, its best use in my opinion is to protect your family from an unexpected calamity. The latter doesn’t seem to apply to you because your investments are substantial. Besides, upon the death of either you or your wife your RRIF assets will roll over without tax to the other. As an estate planning strategy it may be an expensive way to shield your beneficiaries from tax.
Matthew Ardrey, a financial planner with fee-based firm T.E. Wealth, suggests comparing the “return” on the insurance policy with what you’d be able to save in a TFSA. “If they both live until age 90, that will be 25 years of premiums or $150,000. If they took that same $6,000 per year and saved it in a TFSA with a rate of return of 5%, they would have about $300,000 at age 90 payable to the other beneficiaries without tax…
A: Insurance is a crucial part of a financial plan. While it can be a tool in estate planning, its best use in my opinion is to protect your family from an unexpected calamity. The latter doesn’t seem to apply to you because your investments are substantial. Besides, upon the death of either you or your wife your RRIF assets will roll over without tax to the other. As an estate planning strategy it may be an expensive way to shield your beneficiaries from tax.
Matthew Ardrey, a financial planner with fee-based firm T.E. Wealth, suggests comparing the “return” on the insurance policy with what you’d be able to save in a TFSA. “If they both live until age 90, that will be 25 years of premiums or $150,000. If they took that same $6,000 per year and saved it in a TFSA with a rate of return of 5%, they would have about $300,000 at age 90 payable to the other beneficiaries without tax…
