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Are we on track to retire at age 50? + MORE May 18th
Retiring at age 50 can be a tall order as you are financing a retirement lifestyle that could be 40+ years long. Heather and Dereck hope to accomplish this in just 9 years. Is their savings plan enough?
The current situation
Heather and Dereck Irwin are both 41 and live in Woodstock, Ont. Heather i.... More »
Turkish markets hit by Moody’s rating downgrade + MORE Sep 26th
LONDON – Turkey’s stock markets and currency have fallen sharply after the country’s credit rating was downgraded into junk status by Moody’s.
The Istanbul 100 stock index is down 3.9 per cent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is .... More »
Why Canada isn’t immune to a U.S.-style housing crash + MORE Jul 10th
Skeletons of abandoned housing developments in California in 2009
Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices fallin.... More »
120 days - 1.75% + MORE Jun 9th
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online..... More »
China’s stock market benchmark falls 5 per cent after announcement brokers under investigation + MORE Nov 27th
BEIJING, China – China’s stock market benchmark falls 5 per cent after announcement brokers under investigation.
The post China’s stock market benchmark falls 5 per cent after announcement brokers under investigation appeared first on Canadian Business - Your Source For Business Ne.... More »
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. 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.
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.
Lawyers prepare to battle over $7.3B in Nortel assets in cross-border trial
– canadianbusiness.com
TORONTO – A complex trial to determine how billions of dollars in Nortel Networks Corp.’s remaining assets are to be divided begins Monday in a pricey cross-border hearing that’s considered the first of its kind.
Lawyers for former employees, pensioners and creditors will descend on two courtrooms — one in Toronto and the other in Delaware — to argue over who gets a share of $7.3 billion from the sale of the former technology giant’s patents and other assets from its international operations.
What’s unique is the sheer magnitude of the proceeding, which is considered one of the biggest bankruptcy trials in Canadian history, and the escalating costs associated with it.
The cost of the Nortel case has climbed to US$1.185 billion since early 2009, according to an estimate from Diane Urquhart, an independent adviser assisting former Nortel employees.
Expenses range from legal fees to cutting-edge technology that links both courtrooms that are expected to be filled mostly with lawyers…
Lawyers for former employees, pensioners and creditors will descend on two courtrooms — one in Toronto and the other in Delaware — to argue over who gets a share of $7.3 billion from the sale of the former technology giant’s patents and other assets from its international operations.
What’s unique is the sheer magnitude of the proceeding, which is considered one of the biggest bankruptcy trials in Canadian history, and the escalating costs associated with it.
The cost of the Nortel case has climbed to US$1.185 billion since early 2009, according to an estimate from Diane Urquhart, an independent adviser assisting former Nortel employees.
Expenses range from legal fees to cutting-edge technology that links both courtrooms that are expected to be filled mostly with lawyers…
Traders look for direction, TSX snaps winning streak, earnings season winds up
– canadianbusiness.com
The Toronto stock market could be in for more choppy action this week as the first-quarter earnings season winds down and investors consider what has made the TSX one of the top market performers in early 2014 and whether those reasons are still valid.
It is also a relatively light week for market-moving economic data.
The Toronto market had a negative week last week after three weeks of gains that pushed the TSX up about 8.4 per cent year to date and within about 300 points of its all-time high from the summer of 2008.
But cracks started to appear last week and the TSX fell 1.57 per cent, still leaving it up 6.7 per cent year to date while the Dow industrials had gained just 0.43 per cent.
It is also a gain that many analysts thought the TSX would register for the whole year.
Bob Gorman, chief portfolio strategist at TD Waterhouse, didn’t think the decline last week had much to do with the recent slew of earnings reports, pronouncing them by and large “pretty solid”.
Rather, it is that some of the sectors that sustained the biggest declines last year have staged impressive comebacks for good reasons and it’s hard to see what can drive those components higher…
It is also a relatively light week for market-moving economic data.
The Toronto market had a negative week last week after three weeks of gains that pushed the TSX up about 8.4 per cent year to date and within about 300 points of its all-time high from the summer of 2008.
But cracks started to appear last week and the TSX fell 1.57 per cent, still leaving it up 6.7 per cent year to date while the Dow industrials had gained just 0.43 per cent.
It is also a gain that many analysts thought the TSX would register for the whole year.
Bob Gorman, chief portfolio strategist at TD Waterhouse, didn’t think the decline last week had much to do with the recent slew of earnings reports, pronouncing them by and large “pretty solid”.
Rather, it is that some of the sectors that sustained the biggest declines last year have staged impressive comebacks for good reasons and it’s hard to see what can drive those components higher…
