How to go about securing the best return for your investment in Canada.
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Here’s how ‘workaholic’ Lauren can put her savings to work toward buying her dream house Jun 18th
To buy a house in the next five years, writes financial expert Jason Heath, Lauren should direct-transfer some of her maxed-out RRSP cash into the new tax-sheltered First Home Savings Account..... More »
Average house price fell 11% in past year, CREA says + MORE May 15th
The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday..... More »
Weekend Reading – Saving won’t make you rich, housing, Canadian Financial Summit and more Aug 26th
Save, invest, prosper with My Own Advisor.
Weekend Reading Welcome to my latest Weekend Reading edition – we made it – the weekend is here!! Here are my two articles from the past week: These are the hidden gems of the (sometimes polarizing…) Aeroplan program. Our financial goals f.... More »
COVID-19: Should you buy a home now, or wait? Jun 22nd
It almost goes without saying that COVID-19 has had a far-reaching impact on the Canadian economy and healthcare system in the first half of 2020. As expected, the spring housing market was much cooler than 2019, with the Canadian Real Estate Association (CREA) confirming that May 2020 recorded the .... More »
How much credit card debt does the average Canadian have? Sep 22nd
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Will robo-advisers change the game?
– moneysense.ca
(Getty Images/Sandra Bake)Coming this fall to a theatre near you: Rise of the Robo-Adviser. If you haven’t heard the term before, “robo-advisers” are firms that handle investments using computer algorithms rather than human portfolio managers. Like most financial innovations, this one originated south of the border, but Canadian start-ups including Wealthsimple, Nest Wealth and WealthBar are rolling out new online offerings this year.
Each firm has its own unique features, but the general idea is similar. They start by determining your goals, risk tolerance and time horizon, and you’re matched with a suitable ETF portfolio. The computers look after the rest: all the trades are made for you, the portfolio is rebalanced when it strays from its targets, and in some cases you even get tax-loss harvesting to reduce capital gains taxes.
The main appeal, of course, is low cost. The pricing models for the new Canadian firms were still not clear at press time, but expect the cost to be in the neighborhood of just 0…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include Renaissance Capital, Greenwich, CT (www.renaissancecapital.com) and SEC filings.
Week of October 13:
Atara Biotherapeutics Inc. – Brisbane, Calif., 5 million shares, priced $14 to $16, managed by Goldman Sachs and Citigroup. Proposed Nasdaq symbol ATRA. Business: Early-stage biotech targeting muscle loss in patients with end-stage renal disease.
Dominion Midstream Partners LP – Richmond, Va., 17.5 million shares, priced $19 to $21, managed by Barclays, Citigroup, and J.P. Morgan. Proposed NYSE symbol DM. Business: Operates Dominion Resources’ liquefied natural gas import, storage, regasification and transportation assets.
EndoStim Inc. – St. Louis, 3.2 million shares, priced, $10 to $12, managed by Wedbush PacGrow. Proposed Nasdaq Capital Market symbol STIM. Business: Medical device company developing a neurostimulation system for treatment of gastroesophageal reflux disease, or GERD…
Week of October 13:
Atara Biotherapeutics Inc. – Brisbane, Calif., 5 million shares, priced $14 to $16, managed by Goldman Sachs and Citigroup. Proposed Nasdaq symbol ATRA. Business: Early-stage biotech targeting muscle loss in patients with end-stage renal disease.
Dominion Midstream Partners LP – Richmond, Va., 17.5 million shares, priced $19 to $21, managed by Barclays, Citigroup, and J.P. Morgan. Proposed NYSE symbol DM. Business: Operates Dominion Resources’ liquefied natural gas import, storage, regasification and transportation assets.
EndoStim Inc. – St. Louis, 3.2 million shares, priced, $10 to $12, managed by Wedbush PacGrow. Proposed Nasdaq Capital Market symbol STIM. Business: Medical device company developing a neurostimulation system for treatment of gastroesophageal reflux disease, or GERD…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
US stock market stabilizes at the end of a wild week; Indexes are mixed in midday trading
– canadianbusiness.com
U.S. markets are stabilizing at the end of a wild week.
The Dow Jones industrial average rose two points, or 0.01 per cent, to 16,661 as of noon Eastern time Friday.
The Standard and Poor’s 500 fell seven points, or 0.4 per cent, to 1,921. The Nasdaq fell 47 points, or 1.1 per cent, to 4,331.
Semiconductor stocks were sharply lower after Microchip Technology cut its sales forecast for the quarter and warned investors to expect bad news from others in the sector. The stock sank 12 per cent.
The stock market has been swinging sharply this week. The Dow had its biggest decline of the year on Thursday, one day after its biggest gain of the year.
Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.31 per cent.
The post US stock market stabilizes at the end of a wild week; Indexes are mixed in midday trading appeared first on Canadian Business.
The Dow Jones industrial average rose two points, or 0.01 per cent, to 16,661 as of noon Eastern time Friday.
The Standard and Poor’s 500 fell seven points, or 0.4 per cent, to 1,921. The Nasdaq fell 47 points, or 1.1 per cent, to 4,331.
Semiconductor stocks were sharply lower after Microchip Technology cut its sales forecast for the quarter and warned investors to expect bad news from others in the sector. The stock sank 12 per cent.
The stock market has been swinging sharply this week. The Dow had its biggest decline of the year on Thursday, one day after its biggest gain of the year.
Bond prices were flat. The yield on the 10-year Treasury note held steady at 2.31 per cent.
The post US stock market stabilizes at the end of a wild week; Indexes are mixed in midday trading appeared first on Canadian Business.
