How to go about securing the best return for your investment in Canada.
Latest News
Ways to “unlock” retirement savings in a LIRA + MORE Dec 7th
Q. When I retired at age 63, the financial institution that managed my DPSP account paid the company-contributed portion (approximately $30,000) into a LIRA.
Given all the constraints related to drawing down a LIRA/LIF, I am now 65, living in BC, and have two questions:
Since I was already at re.... More »
The stock market’s ‘fear index’ is half what it was in December. Here’s what that means Mar 3rd
Investors who fear widely swinging markets may want to look into low-volatility funds, writes David Olive..... More »
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 »
How not to overspend on your next car + MORE Apr 19th
Car-buying case study: Melissa and Dave
A car is the second-largest purchase you’ll ever make in your life, and you’re likely to make it many times over. Yet, unlike the home-buying process where you might have the professional assistance of a Realtor, mortgage broker, lawyer, and Certified Fina.... More »
Yellen reports small dip in assets in 2014 to a range between $4.9 million and $13.4 million + MORE Mar 4th
WASHINGTON – Fed Chair Janet Yellen may have gotten a job promotion last year, but her total assets don’t appear to have gotten a bump.
Yellen’s financial disclosure form for 2014, which was released Tuesday, showed a net worth of between $4.92 million and $13.37 million.
On the hi.... More »
U.S. demand poised to fuel modest oil recovery: report
– theglobeandmail.com
Blackrock Investment Institute says price could hit equilibrium level of about $65 a barrel within the next 12 months thanks demand centred in the United States
Canadian billionaires Frank Giustra, Joseph Kruger II and Marcel Adams had declared the assets they held at HSBC in Switzerland – but many other rich Canadians used Swiss banking secrecy to hide their fortune, according to a CBC News investigation.
Weekend Reading – Cool videos, decisions, anniversaries, buys and more
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to some fine Weekend Reading folks.
Winter in Canada got you down yet? I know I’m ready to wave the white flag. We continue to get snow in Ottawa amidst -25 degree Celsius weather. Good times if you’re a polar bear. Bad news if you want to see spring like I do. I hope it comes soon.
Earlier this week I answered a few reader questions about how to start investing and I proceeded to answer a few more questions about my monthly dividend income updates. Speaking of the latter I need to post January’s income update soon. I hope to share that with you next week along with another post I’m thinking about. Also, don’t forget to enter my TurboTax Canada giveaway – I’ve got six online codes to giveaway this year!
Enjoy this Weekend Reading edition, Happy Valentine’s Day and see you here again next week.
Preet Banerjee had a cool video comparing renting versus home ownership…
Welcome to some fine Weekend Reading folks.
Winter in Canada got you down yet? I know I’m ready to wave the white flag. We continue to get snow in Ottawa amidst -25 degree Celsius weather. Good times if you’re a polar bear. Bad news if you want to see spring like I do. I hope it comes soon.
Earlier this week I answered a few reader questions about how to start investing and I proceeded to answer a few more questions about my monthly dividend income updates. Speaking of the latter I need to post January’s income update soon. I hope to share that with you next week along with another post I’m thinking about. Also, don’t forget to enter my TurboTax Canada giveaway – I’ve got six online codes to giveaway this year!
Enjoy this Weekend Reading edition, Happy Valentine’s Day and see you here again next week.
Preet Banerjee had a cool video comparing renting versus home ownership…
Ontario’s provincially owned Hydro One sees profit slip 7% in 2014
– canadianbusiness.com
TORONTO – Hydro One Inc., Ontario’s provincially owned electricity transmission and distribution company, has reported a seven per cent drop in profits in 2014 as higher power purchase costs and increased operating expenses more than offset an increase in revenue.
Hydro One said full-year net income was $749 million versus $803 million in 2013, resulting in a dividend payment of $287 million to its sole shareholder, the Province of Ontario.
The $54-million decrease in net income was primarily due to an increase in the company’s distribution operation and maintenance and administration costs as a result of a number of factors.
Those factors included costs of customer service recovery initiatives and an increase in bad debt expense resulting from the temporary suspension of collection activities over several months.
“Consistent with our customer service recovery, certain collection tools are being reinstated,” the company said in its earnings release.
It also faced higher electricity consumption due to a substantially colder than normal winter and higher electricity prices…
Hydro One said full-year net income was $749 million versus $803 million in 2013, resulting in a dividend payment of $287 million to its sole shareholder, the Province of Ontario.
The $54-million decrease in net income was primarily due to an increase in the company’s distribution operation and maintenance and administration costs as a result of a number of factors.
Those factors included costs of customer service recovery initiatives and an increase in bad debt expense resulting from the temporary suspension of collection activities over several months.
“Consistent with our customer service recovery, certain collection tools are being reinstated,” the company said in its earnings release.
It also faced higher electricity consumption due to a substantially colder than normal winter and higher electricity prices…
outhwestern Ontario’s auto industry got another shot in the arm Thursday with a $560-million investment in GM’s CAMI assembly plant in Ingersoll.
