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Latest News
Stephen Harper accuses Mark Carney of overselling his importance during 2008 financial crisis - Toronto Star + MORE Mar 3rd
Stephen Harper accuses Mark Carney of overselling his importance during 2008 financial crisis Toronto Star‘Revisionist history’: Carney hits back at Harper over letter challenging the Liberal leadership frontrunner’s economic chops CTV NewsFormer prime minister Harper acc.... More »
2017 Financial Goals – March Update + MORE Mar 16th
Save, invest, prosper with My Own Advisor.
In my previous update, outlining our 2017 financial goals, I told you my wife and I decided a long time ago we needed some financial goals defined so we have a hope of realizing them. Nothing has changed…
Our money goals for 2017 are rather simple but a.... More »
Cenovus Energy reports $69M third quarter loss, production more than doubles + MORE Nov 2nd
CALGARY _ Cenovus Energy Inc. (TSX:CVE) says it lost $69 million in its latest quarter as it more than doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips earlier this year.
The company says the loss amounted to six cents per s.... More »
TFSA contribution room calculator Dec 11th
Tax-free savings accounts (TFSAs) are one of the most popular tools for retirement savings. Since you contribute funds that you’ve already paid taxes on, you’ll enjoy tax-free growth. However, the government places limitations on how much you can contribute every year and overall. This is known .... More »
Making sense of the markets this week: December 15, 2024 Dec 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Enjoy the jumbo rate cut—it’s likely the last one
The Bank of Canada (BoC) cut its key interest rate by 0.50% .... More »
Investors look to consumer, financials, industrials in 2015, shun oils
– canadianbusiness.com
TORONTO – The Toronto stock market is expected to advance modestly during 2015 but with much less reliance on the energy sector after oil and gas companies sold off in a year-end rout amid tumbling oil prices.
Analysts say the lift will come from two of this year’s best-performing sectors — consumer and industrial stocks — that will benefit from an improving U.S. economy, lower oil prices and a Canadian currency that has been buffeted by falling commodity prices.
“Lower oil prices end up being a massive fiscal boost and it’s going to benefit consumers and transportation companies, railways, airlines, things like that,” said Paul Vaillancourt, executive vice-president of private wealth at Fiera Capital in Calgary, noting that a weaker Canadian dollar benefits industrials, lumber, and housing.
The TSX had been up almost 15 per cent year to date at mid-summer, but was on course to end 2014 barely in positive territory. At mid-December, the index was up a slight 150 points or 1…
Analysts say the lift will come from two of this year’s best-performing sectors — consumer and industrial stocks — that will benefit from an improving U.S. economy, lower oil prices and a Canadian currency that has been buffeted by falling commodity prices.
“Lower oil prices end up being a massive fiscal boost and it’s going to benefit consumers and transportation companies, railways, airlines, things like that,” said Paul Vaillancourt, executive vice-president of private wealth at Fiera Capital in Calgary, noting that a weaker Canadian dollar benefits industrials, lumber, and housing.
The TSX had been up almost 15 per cent year to date at mid-summer, but was on course to end 2014 barely in positive territory. At mid-December, the index was up a slight 150 points or 1…
60 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
2014 Financial Goals December Update
– myownadvisor.ca
To keep me honest and focused I post my financial goals on My Own Advisor. One thing I’ve learned over the years is I have a much better chance at realizing my goals if I keep tabs on them, and often.
Here’s a recap of what we tried to accomplish starting in early 2014:
Here’s a recap of what we tried to accomplish starting in early 2014:
Continue putting $300 lump sum payments on our mortgage every month ($3,600).
Maximize both Tax Free Savings Accounts (TFSAs) ($11,000).
Increase Registered Retirement Savings Plan (RRSP) contributions by $200 per month ($2,400).
I’m very proud to report we nailed every goal but one – the most recent entry.
1. Continue putting $300 lump sum payments on our mortgage every month ($3,600)
Done! With our mortgage expected to be under $200k sometime during the 2015 calendar year, there is actually some light at the end of the our mortgage tunnel. If we keep up our prepayment schedule I’m predicting we’ll be mortgage free by the end of 2020.
2. Maximize both Tax Free Savings Accounts (TFSAs) ($11,000)
Done! I had some stocks that pay dividends in a non-registered account so I moved some of those holdings into my TFSA earlier this year…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
