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Latest News
When to watch out for OAS clawbacks Mar 14th
Beware of the clawback!(Shutterstock)
Q: I have been trying to find out how much extra income a person can earn without having to report the income while drawing OAS and CPP.
I have tried looking this up online, but every site I have been to wants to charge me just to get the answer or does not answ.... More »
Old-school financial advice that no longer applies Feb 12th
Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world.
As younger Canadians continue to fac.... More »
Early data shows foreign nationals buying 5% of Metro Vancouver homes sold - CBC.ca + MORE Jul 8th
CBC.caEarly data shows foreign nationals buying 5% of Metro Vancouver homes soldCBC.caPreliminary data collected by the B.C. government on foreign investment in the province's sizzling real estate market shows that in Metro Vancouver five per cent of all real estate purchases were made by forei.... More »
40 days - 2.75% + MORE Mar 14th
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..... More »
Sears to close 78 stores this summer + MORE Apr 21st
NEW YORK, N.Y. – Sears Holdings Corp. will close another78 stores —68 Kmart units, and 10 Sears stores — as it looks to restore profitability.
That accounts for about 5 per cent of its store base, which is nearly 1,700 stores.
The ailing company, based in Hoffman Estates, Illinois, had sai.... More »
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.
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.
The regular businesses that are ISIS no more
– macleans.ca
In September, the British investment firm ISIS Equity Partners announced: “Given ongoing events in Syria and Iraq, it will come as no surprise to you to learn that we have decided to change our name [to what, they haven’t yet said]. We are no longer prepared to share it with a terrorist organisation.”
They aren’t alone. Ever since the barbaric Islamist group Islamic State (also known as ISIS) began making headlines, everyone using the moniker has had to decide whether to share the name.
A Belgian chocolate-maker became Libeert. ISIS Power, a U.S. manufacturer of wiring systems, switched to the name Infinitybox. The Isis wallet app is now Softcard. The FX series Archer stopped selling merchandise with the moniker of its spy agency, International Secret Intelligence Service, and will change its name in the new year. And the University of British Columbia is considering new titles for its Isis Research Centre, named for the Egyptian goddess.
Isis, the adorable Labrador from Downton Abbey, was also just killed off in the show’s fifth season, though the makers of the series insist her demise had nothing to do with the Middle East conflict…
Russian President Vladimir Putin Strikes Harsh Tone on With West – Wall Street Journal
– news.google.ca
Wall Street JournalRussian President Vladimir Putin Strikes Harsh Tone on With WestWall Street JournalMOSCOW—President Vladimir Putin accused the West of trying to subdue and disarm Russia at a defiant annual news conference Thursday, and blamed “external factors”—chiefly the drop in oil prices—for turmoil in financial markets that have collapsed …UPDATE 2-Russian rouble slips as Putin speech fails to impressReutersPoll: 81 percent back Putin even as ruble fallsBusinessweekRussian Crisis Creeps Into Europe on Ruble Rout, Economic SlumpBloombergFinancial Times -Telegraph.co.uk -Xinhuaall 5,911 news articles »
What a difference a change of wording can make. Following the U.S. Federal Reserve’s statement yesterday – widely believed to have signaled an expected rate hike within the first half of next year – markets are rallying around the world.
The Day Ahead
The TSX had a blockbuster day – marking the biggest single-day gain in three years, closing up more than 350 points. The jump comes a day after a respectable 150 push on Tuesday, marking the second day of triple-digit gains. U.S. exchanges also pushed up on the fed’s quarterly announcement, with the S&P 500 finishing on it’s best day in a year.
The Asian markets have had a strong day today, with the Japanese Nikkei 225 in particular getting a push from the Fed’s statement, while Sydney was soothed by gains in the price of oil. European markets also started the day up.
The loonie closed lower – on a stronger U.S. dollar. The Canadian dollar closed at 85.92 to the greenback, 0.02 cents lower from the previous day, after the dollar rose on the Fed’s statement…
