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CIBC boosts dividend after posting third-quarter net income of $1.1B + MORE Aug 24th
CIBC is reporting nearly $1.1 billion of net income for its fiscal third quarter, and an increase to its quarterly dividend..... More »
Kenneth Doll, fee-only, advice-only financial planner + MORE Jun 11th
Meet Ken Doll
Ken has been providing financial, retirement and estate planning solutions for over 28 years. He has worked with prominent families, professional athletes (NHL players), executives, business owners, professionals, and farmers and ranchers, many with a high net worth ($2 million to o.... More »
Canadian financial therapists on how to deal with the stress you feel over money Jul 4th
Surveys show Canadians worry more about money than personal health, work or relationships. Financial therapists say the stress can lead to anxiety, depression and other mental health challenges. Here’s how to control the stress.... More »
Can transferring ownership of a house help avoid probate tax? + MORE May 2nd
Ask MoneySense
I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be?
–Mary
Understanding inheritance tax in C.... More »
Gordon Pape is forced to make a 2,300 km road trip back from Florida — and spots an investment opportunity along the way + MORE Apr 8th
Fleeing Florida due to the COVID-19 crisis, the writer is reminded that there is still a vital part of the U.S. economy that isn’t paralyzed..... More »
Lloyds Banking Group to pay dividend for first time since being bailed out in financial crisis
– canadianbusiness.com
LONDON – London-based Lloyds Banking Group passed a milestone Friday in its recovery from the financial crisis, reporting an annual profit and announcing plans to pay a dividend for the first time since it was rescued by British taxpayers.
The bank posted net income of 1.13 billion pounds ($1.7 billion) compared with a loss of 838 million pounds in 2013. The bank plans to pay a dividend of 0.75 pence per share, resulting in a total payout of 535 million pounds.
“This is a symbolic development that bears testament to our successful transformation and improved risk profile of the business,” Chief Executive Officer Antonio Horta-Osorio said in a statement.
The government responded with glee, particularly as the announcement comes two months before the May 7 general election in which Britain’s recovery from the 2008 financial crisis will be a central issue. Though the payout requires shareholder approval, Chancellor George Osborne described it as good news for savers, shareholders and those whose pensions are invested in Lloyds…
The bank posted net income of 1.13 billion pounds ($1.7 billion) compared with a loss of 838 million pounds in 2013. The bank plans to pay a dividend of 0.75 pence per share, resulting in a total payout of 535 million pounds.
“This is a symbolic development that bears testament to our successful transformation and improved risk profile of the business,” Chief Executive Officer Antonio Horta-Osorio said in a statement.
The government responded with glee, particularly as the announcement comes two months before the May 7 general election in which Britain’s recovery from the 2008 financial crisis will be a central issue. Though the payout requires shareholder approval, Chancellor George Osborne described it as good news for savers, shareholders and those whose pensions are invested in Lloyds…
Government report says India’s economy to grow over 8 per cent, poised for “big bang” reforms
– canadianbusiness.com
NEW DELHI – A government report says India’s economy will grow more than 8 per cent in the upcoming financial year and appears to have shaken off its persistent problems of high inflation, rising budget deficits and poor domestic demand.
The Economic Survey, an annual report on the state of Asia’s third-largest economy, said Friday that India appeared to have hit an economic “sweet spot” and was ready for “big bang reforms.”
“A clear mandate for reform and a benign external environment now is expected to propel India on a double-digit trajectory,” it said. The country, with about 1.25 billion people, needs high growth rates to create sufficient jobs for its burgeoning youth population.
India’s Prime Minister Narendra Modi won national elections in May by a staggering majority on the back of a promise to revive the country’s sputtering economy and create more jobs. But his government’s interim budget in July was a damp squib…
The Economic Survey, an annual report on the state of Asia’s third-largest economy, said Friday that India appeared to have hit an economic “sweet spot” and was ready for “big bang reforms.”
“A clear mandate for reform and a benign external environment now is expected to propel India on a double-digit trajectory,” it said. The country, with about 1.25 billion people, needs high growth rates to create sufficient jobs for its burgeoning youth population.
India’s Prime Minister Narendra Modi won national elections in May by a staggering majority on the back of a promise to revive the country’s sputtering economy and create more jobs. But his government’s interim budget in July was a damp squib…
Germany’s Parliament overwhelmingly approves the four-month extension of Greece’s financial bailout, despite unease over the new government in Athens.
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.
Selling ETFs to generate retirement income
– moneysense.ca
(Illustration by Mark Smith)Retirement brings many life changes, and it’s not just about more time to golf, travel and hang out with the grandkids. Once you’re no longer earning employment income you’ll start relying on your investments to generate cash flow. That means changing the way you manage your portfolio.
But just because you’ll be making withdrawals doesn’t mean you need to make a fundamental shift in your investment strategy. This idea often worries investors who use exchange-traded funds (ETFs) or mutual funds for their stock holdings. They may believe these “growth-oriented” funds are no longer appropriate and feel they should switch to dividend funds, or even individual dividend stocks when they retire. Others look to replace traditional fixed-income funds with high-yield bonds, real estate investment trusts (REITs), or even more exotic income strategies such as writing call options.
The concern is understandable: after all those years of adding money to the portfolio, it seems only natural to change gears once you start taking it out…
