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Why Gen Z Is choosing career vibes over big paycheques, especially early on + MORE Feb 5th
For decades, the standard career advice for young Canadians was as linear as an airport security line: shoes off, laptop out, no detours. Except in career land it was: get the degree, find the best-paying gig, climb the corporate ladder, and don’t look back until retirement.
But according.... More »
At midday: TSX rises despite slip in energy stocks + MORE Oct 11th
Wall Street flat; financials drop ahead of earnings
.... More »
Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock - Yahoo Canada Finance Feb 14th
Google didn't think its Bard AI was 'really ready' for a product yet, says Alphabet chairman, days after the chatbot's very public mistake tanked the company's stock Yahoo Canada FinanceAlphabet Chairman John Hennessy explains why Google was hesitant to put out its ChatGPT competitor .... More »
New fee-disclosure rules may hinder apples-to-apples comparisons + MORE Jan 24th
Known as CRM2, the fee and performance disclosure framework seeks to clarify what Canadians pay for investment advice
.... More »
Health law subsidies at risk next year for 1.8M households; fed government launches outreach + MORE Aug 4th
WASHINGTON – About 1.8 million households that got financial help for health insurance under President Barack Obama’s law now have issues with their tax returns that could jeopardize their subsidies next year. Administration officials say those taxpayers will have to act quickly.
“.... More »
Canadian homes 20% overvalued: Fitch
– moneysense.ca
OTTAWA – Fitch Ratings says Canada’s real estate market is as much as 20 per cent overpriced and cautions the government may need to take more measures to slow down borrowing on homes.
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
Fitch is the second U.S. financial agency to sound the alarm on Canadian home prices in the past week, with the Morningstar research firm predicting a 30 per cent correction was possible over the next few years.
The latest warning comes as the Teranet–National Bank composite house price index for June showed prices rose 0.9 per cent from May and were up 4.4 per cent from last year.
The year-to-year gain was the lowest in six months, but still more than twice the underlying level of inflation in Canada and above income growth.
Prices were 8.1 per cent higher Calgary compared with a year ago, while Hamilton saw increases of 7.3 per cent and Toronto and Vancouver climbed 6.1 per cent.
But several major markets showed a cooling trend. Prices in Ottawa-Gatineau fell 1.7 per cent compared with a year ago, Quebec City dropped 2…
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
photo illustration by sarah mackinnonIs the public sector holding back provincial growth rates by crowding out private sector investment? That’s the contention of a recent C.D. Howe paper by Philip Cross. The paper provides a great case study of the danger of confusing correlation with causality.
Let’s begin with the simple arithmetic. Gross domestic product (GDP) is the sum of spending on consumption, investment, government services and net exports. Whether the investment spending is initiated by the private sector or the public sector makes no difference to the GDP accountants at Statistics Canada. Both contribute in the same way to measured GDP and a boom in either private or public sector investment will boost economic growth. The simple arithmetic gives us no reason to prefer one kind of investment over the other.
Perhaps the future returns on private and public sector investments differ, so that the differential effects are felt in the future rather than the present? The contribution of future investment returns to economic growth will depend on the quality of the investment and luck…
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.
At midday: TSX boosted by mining, energy stocks – The Globe and Mail
– news.google.ca
CTV NewsAt midday: TSX boosted by mining, energy stocksThe Globe and MailThe Toronto stock market was positive Monday as traders hoped a strong report from the American financial sector indicated another upbeat earnings season from North American corporations. The S&P/TSX composite index rose 51.82 points to 15,177.32.TSX climbs with bank shares; gold miners slideReuters CanadaTSX positive, traders eye earnings reports, testimony from Fed chair YellenTimes ColonistPositive open in TorontoBaystreet.caReuters Africa -Stockhouseall 26 news articles »
