All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
What is a cashable GIC? Dec 21st
Canadian investors have been struggling with high inflation for a couple of years now. In an attempt to cool inflation down, the Bank of Canada (BoC) continues to keep interest rates high. As a result, the interest rates available for guaranteed investment certificates (GICs) look to be pretty attra.... More »
Kinder Morgan looking to raise $1.75 billion in Trans Mountain pipeline IPO + MORE May 10th
Kinder Morgan Canada is looking to raise $1.75 billion through an initial public offering of assets including the Trans Mountain pipeline system.
In an updated prospectus filed Wednesday, the company said it’s looking to sell shares at between $19 and $22 to help fund the $7.4 billion Trans Mo.... More »
Is the 4% Rule obsolete? Jul 31st
Over the half decade I’ve written this column and attempted to practice what it preaches, a central pillar has been the so-called 4% Rule. As originally postulated by Certified Financial Planner and author William Bengen, that’s the rule of thumb that retirees can safely withdraw 4% of the value.... More »
Unemployment rate drops to nine-year low Sep 8th
(Hero Images/Getty Images)
OTTAWA – Canada’s labour market posted its ninth-straight month of job gains in August to give the economy its longest monthly growth streak since before the financial crisis nine years ago.
Statistics Canada says last month’s increase of 22,200 jobs also hel.... More »
Why Simple Is Still a Hard Sell + MORE Jan 25th
Last January, I overhauled my model portfolios to make them simpler. Some of the older options included small-cap stocks, preferred shares, and real estate investment trusts (REITs), but I switched to recommending a three-ETF portfolio covering only the core asset classes. While many readers welcome.... More »
3.5 year – 2.10%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online.
CANOEAir Canada gives $5000 to passengers from crash-landed Halifax flightCANOEAirport Firefighters work at the crash site of Air Canada flight 624 that crashed early Sunday morning during a snowstorm, at Halifax Stanfield International Airport in Enfield, Nova Scotia, March 30, 2015. The Air Canada plane landed short of the runway and …Passengers from crashed flight in Halifax getting financial help from airline680 NewsAir Canada sends $5000 cheques to passengers of crashed planeCanada Newsall 38 news articles »
Kansas lawmakers OK plan to issue $1 billion in bonds to shore up public pension system
– canadianbusiness.com
TOPEKA, Kan. – Kansas is expected to issue $1 billion in bonds to bolster its pension system for teachers and government workers after the Legislature authorized the debt.
Some lawmakers see the move as potentially risky, and the votes in the Republican-dominated Legislature were relatively close despite a push from GOP Gov. Sam Brownback.
The Senate approved the bill Thursday on a 23-16 vote, a day after the House passed it, 63-57. Brownback — who had proposed $1.5 billion in bonds — is expected to sign the bill, and supporters said the state should issue the debt starting this summer.
The Kansas Public Employees Retirement System would receive an infusion of cash, immediately narrowing a long-term gap in funding for retirement benefits. The pension system would invest the money and expects its investments to earn significantly more than the state would pay on the 30-year bonds.
“This is a very solid financial decision,” said Republican state Sen. Jim Denning, of Overland Park…
Some lawmakers see the move as potentially risky, and the votes in the Republican-dominated Legislature were relatively close despite a push from GOP Gov. Sam Brownback.
The Senate approved the bill Thursday on a 23-16 vote, a day after the House passed it, 63-57. Brownback — who had proposed $1.5 billion in bonds — is expected to sign the bill, and supporters said the state should issue the debt starting this summer.
The Kansas Public Employees Retirement System would receive an infusion of cash, immediately narrowing a long-term gap in funding for retirement benefits. The pension system would invest the money and expects its investments to earn significantly more than the state would pay on the 30-year bonds.
“This is a very solid financial decision,” said Republican state Sen. Jim Denning, of Overland Park…
90 days – 1.80%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2015-03-28. Click on the link above to get more details or apply online.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
