This year’s biggest names: A peek at our 2014 Newsmakers issue + MORE Nov 26th

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“Is it better to pay down our mortgage or ramp up contributions to our teen’s RESP?” Nov 28th

Q. My husband and I, both in our early 40s, bought a house in Toronto four years years ago. Since then, our variable rate mortgage has gone up four times and is now at 3.2%. We have managed to pay down $150,000 of our mortgage in those four years with the extra bi-weekly payments and have $260,000 r.... More »

Making sense of the markets this week: January 16 + MORE Jan 14th

Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors Growth vs the Fed: the battle of 2022 This year’s battle for the markets is shaping up. In one corner we have ongoing economic growth. In the other corner we have the Fed.  .... More »
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Trove of data on offshore accounts prompts probe, questions + MORE Apr 4th

A security guard sit outside the Mossack Fonseca law firm in Panama City. (Arnulfo Franco, AP) BERLIN — The release of a vast trove of documents and other data on offshore financial dealings of wealthy, famous and powerful people around the world is raising questions over the widespread use of su.... More »
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Weekend Reading – FIRE, burning mortgages, tax breaks, Costa Rica and more + MORE Mar 2nd

Save, invest, prosper with My Own Advisor. Welcome to my latest Weekend Reading edition – did you miss it last Friday? If so, I had a good excuse.  I was on vacation.  That includes time away from work and the blog.  Our vacation this winter was to Costa Rica, Tamarindo.  This was our second t.... More »

A guide to getting value from your advisor, and shifting to lower-cost investments May 19th

A MoneySense reader writes: I have investments with a financial planner and my fees are 2% or more per year, for a total of close to $6,000 per year in fees. I’ve been looking at moving my investments to a robo-advisor, but I’m concerned about the capital gains and subsequent taxes from moving m.... More »
TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,038.41, down 35.24 points):
Rio Alto Mining Ltd. (TSX:RIO). Miner. Unchanged at $2.94 on 9.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down 30 cents, or 2.02 per cent, to $14.53 on 4.3 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down seven cents, or 1.06 per cent, to $6.52 on four million shares.
Athabasca Oil Corp. (TSX:ATH). Oil and gas. Down four cents, or 1.37 per cent, to $2.88 on four million shares.
Canadian Natural Resources Ltd. (TSX:CNQ). Oil and gas. Down 68 cents, or 1.62 per cent, to $41.38 on four million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down 56 cents, or 1.41 per cent, to $39.07 on 3.8 million shares.
Companies reporting major news:
TransCanada (TSX:TRP). Pipelines. Up 39 cents, or 0.70 per cent, to $55.89 on 1.3 million shares. The company will no longer work with U.S. public relations firm Edelman after leaked documents raised concerns about suggested tactics in furthering TransCanada’s Energy East proposal…

Continue Reading On canadianbusiness.com »

Founder of Fairfax Financial is betting on a major growth spurt in his birthplace through a new investment holding company

Continue Reading On theglobeandmail.com »

This year’s biggest names: A peek at our 2014 Newsmakers issueWinners and losers. Charmers and chumps. Heroes and villains. 2014 was a year marked by major news developments, rising stars, massive deals, national tragedies, watershed moments, roiling conflicts, unholy unions, and comeback narratives. Over the last year, Maclean’s has been there for it all, and as we enter 2014′s final month, we look at where we’ve been so that we can take stock and have a better idea of what comes next.
Our annual Newsmakers issue is full of detailed lists and incisive thoughts on the people who made it the year that it was:
- From a Calgary pop queen to a new action hero, we look at who arrived in 2014;
- Hong Kong vs. China, the prime minister vs. the chief justice, Gamergate, and the other feuds that defined the year;
- A rogues’ gallery: Ray Rice, Cliven Bundy, and the new faces of villainy;
- A review of the biggest viral videos and the most laughable Twitter fails;
- Deep profiles of the five biggest newsmakers of the year—and much more…

Continue Reading On macleans.ca »

Kids expect help when buying a homeGenY kids—those aged 15 to 33—expect to spunge off their parents until at least age 27.
OK. Spunge might be a bit harsh. I’m a mom helping my kids has never been in doubt. But, a new survey by Yconic, a global youth partnership group, provides some interesting insight into how GenYs perceive financial independence.
According to the recently released survey, the average GenY kid believes that financial independence is the ability to rely on their own income, and not get help from their parents. And while most believe they can achieve this state by age 27, teh reality is quite different. According to the survey, only 56% of those aged 30 to 33 reported actually achieving financial independence from their parents, while 18% of adult-children in this age group still lived with their parents.
For the GenYs aged 25 to 29, 15% had already bought their own place, while 53% between the ages 30 to 33, were already homeowners.
Now, if you are a parent looking for ways to get your kid out of the basement, you may be surprised to learn that 24% of GenYs expected their parents to help them with a down payment on a home—but a full 32% of current GenY home owners had actually gotten help from their family for a down payment on a place…

Continue Reading On moneysense.ca »

It’s deadline day for First Nations financial disclosuresMinister of Aboriginal Affairs Bernard Valcourt. (Adrian Wyld/The Canadian Press)
The deadline arrived on Wednesday for First Nations to comply with controversial new federal rules requiring them to publicly disclose details of their finances—including the salaries of local chiefs and councillors—and some bands are refusing to file the figures Ottawa is demanding.
The most explicit challenge to the First Nations Financial Transparency Act came from the Onion Lake Cree Nation, which filed a statement of claim in an Edmonton court disputing the law’s legitimacy. The Onion Lake band straddles the Alberta-Saskatchewan border, and its legal action seemed to have wide support among other First Nations in the region.
Still, a large majority of bands are respecting the law. The Department of Aboriginal and Northern Affairs was still scrambling to process last-minute filings under the law this afternoon. A departmental official said details on how many of the 582 First Nations covered by it have complied will not be posted on a federal website until sometime Thursday…

Continue Reading On macleans.ca »

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