How to go about securing the best return for your investment in Canada.
Latest News
2016 to remain challenging for Canadian stocks Dec 24th
OTTAWA – The Toronto Stock Exchange was pounded this year as the price of oil and other commodities took a beating.
Down more than 10 per cent heading into the final trading week of the year, even the Canadian banking sector — a stalwart of many portfolios — has struggled.
And 2016 is expected.... More »
Loonie rises after five losing sessions, traders look to GDP data, Fed meeting - Vancouver Sun + MORE Jan 27th
Montreal GazetteLoonie rises after five losing sessions, traders look to GDP data, Fed meetingVancouver SunTORONTO - The Canadian dollar was higher Tuesday following a series of sharp declines as traders looked to see how the Canadian economy performed during November. The loonie was up 0.03 of a ce.... More »
White House attacks on Fed chair fuel fears of market turmoil in 2019 - The Guardian Dec 23rd
White House attacks on Fed chair fuel fears of market turmoil in 2019 The GuardianAs stock markets plunge, Trump considers firing Federal Reserve chairman Global NewsTrump has discussed firing Fed Chairman Powell: sources Reuters CanadaFed Chairman Powell deserves ou.... More »
BoC holds interest rate as it points to growth, risks + MORE Apr 12th
OTTAWA —The Bank of Canada held its trendsetting interest rate unchanged on Wednesday, despite a recent run of stronger-than-expected data, saying it believes the economy has yet
to show it can stick to the higher growth trajectory.
In holding the rate at 0.5 per cent, the central bank said it a.... More »
When ETFs wind down + MORE Jul 28th
Q: I received a notice that an ETF I own will be closed within the next few months. Is it better to sell it now or wait until the termination date?
–S.H.
A: ETFs are now available for just about every niche sector and exotic asset class, so it shouldn’t be surprising when some of these fail to a.... More »
60 days – 1.75%
– ratesupermarket.ca
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.
120 days – 1.75%
– ratesupermarket.ca
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.
Time to give back to the community
– moneysense.ca
Linda & Mike Wharton, Yellowknife (Photograph by Angela Gzowski)Growing up poor in British Columbia during the 1960s and ’70s taught Mike Wharton the value of money at a very early age. By grade 10, he was already juggling his high school studies with full-time work so he’d be able to afford a post-secondary education. “I knew I needed a university degree,” says Wharton.
After completing a computer science degree in 1985, Wharton then set his sights on the RCMP, where he enjoyed a 25-year career until retiring two years ago at age 48. His position was enviable: an investment portfolio worth $1.3 million, a defined-benefit pension plan, a mortgage-free home in Yellowknife, and three fully paid investment properties. Still, Wharton had great reservations about retirement despite his wife Linda’s insistence that the timing was right. “She always said, ‘When is enough going to be enough?’ I just wanted to make sure there was enough money for her. But now that I’m on the other side, I don’t know why I was so leery of retiring…
30 days – 1.75%
– ratesupermarket.ca
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.
CPP Investment Board invests US$250M in U.K.-based Markit
– moneysense.ca
Canada Pension Plan Investment Board has decided to invest US$250 million to buy a six per cent stake in Markit Ltd. as part of the U.K.-based financial information company’s initial public share offering.
The Toronto-based pension fund manager will have the right to nominate one director to Markit’s board as long as it maintains a certain level of ownership in the company.
CPPIB had initially indicated it would be prepared to invest up to US$450 million but that was a non-binding expression of interest, subject to negotiation.
It announced Thursday that it will buy 10.4 million common shares of Markit for US$24 per share.
Among other things, Markit produces monthly reports on manufacturing data in various countries and regions including China, Canada and the European Union.
According to its IPO filing, Markit generated US$947.9 of revenue in 2013 and US$259.4 million in the first three months of 2014.
The CPPIB, one of Canada’s biggest pension funds, invests money not currently needed by the Canada Pension Plan to pay benefits…
The Toronto-based pension fund manager will have the right to nominate one director to Markit’s board as long as it maintains a certain level of ownership in the company.
CPPIB had initially indicated it would be prepared to invest up to US$450 million but that was a non-binding expression of interest, subject to negotiation.
It announced Thursday that it will buy 10.4 million common shares of Markit for US$24 per share.
Among other things, Markit produces monthly reports on manufacturing data in various countries and regions including China, Canada and the European Union.
According to its IPO filing, Markit generated US$947.9 of revenue in 2013 and US$259.4 million in the first three months of 2014.
The CPPIB, one of Canada’s biggest pension funds, invests money not currently needed by the Canada Pension Plan to pay benefits…
