TSX getting you down? There are always sound investment alternatives.
Latest News
Former Maple Leaf Foods executive chosen as finance chief for Hydro One + MORE Jun 23rd
TORONTO – Ontario’s government-owned electricity distributor has hired a former senior executive of Maple Leaf Foods to be its chief financial officer.
Michael Vels is expected to play a key role in Hydro One’s plan to sell shares to outside investors through an initial public offe.... More »
What to do if you went over your RRSP contribution limit Jun 19th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
The best GIC rates in Canada for 2024 Nov 25th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
5 Tips Online Investors Should Know + MORE Nov 17th
Online Investing is a very intriguing field. If done properly, it can change your life forever. However, starting your online investing career can be very difficult and you will face a lot of challenges and questions. After doing a lot of research in this field, we have figured out some tips that ca.... More »
CRA demands payment on scammed federal benefits — from the victim whose account was hacked - CBC.ca May 22nd
CRA demands payment on scammed federal benefits — from the victim whose account was hacked CBC.caToronto hacking victim 'living a financial nightmare' CBC.caView Full Coverage on Google News.... More »
Mischa Barton joins long line of child stars sparring with parents over entertainment earnings
– canadianbusiness.com
LOS ANGELES, Calif. – It’s a story almost as old as Hollywood — stars taking their parents to court over money they earned as child actors that was pilfered or mismanaged.
A lawsuit Mischa Barton filed against her mother Tuesday is the latest example of a child star sparring with their parent-turned-manager. The actress who rose to fame on Fox’s teen drama “The O.C.” claims her mother stole money from her and kicked her out of a $7.8 million home bought with her acting proceeds.
The lawsuit links Barton to previous generations of young performers who claimed their parents squandered the fruits of their early careers.
___
GARY COLEMAN
The “Diff’rent Strokes” star fought with his parents and an ex-manager for four years over money he made on the popular comedy series.
In 1993, a judge ruled Coleman should be awarded nearly $1.3 million from the trio after the actor claimed they skimmed his earnings from the show, which ran from 1978 to 1986…
A lawsuit Mischa Barton filed against her mother Tuesday is the latest example of a child star sparring with their parent-turned-manager. The actress who rose to fame on Fox’s teen drama “The O.C.” claims her mother stole money from her and kicked her out of a $7.8 million home bought with her acting proceeds.
The lawsuit links Barton to previous generations of young performers who claimed their parents squandered the fruits of their early careers.
___
GARY COLEMAN
The “Diff’rent Strokes” star fought with his parents and an ex-manager for four years over money he made on the popular comedy series.
In 1993, a judge ruled Coleman should be awarded nearly $1.3 million from the trio after the actor claimed they skimmed his earnings from the show, which ran from 1978 to 1986…
40 days – 2.75%
– ratesupermarket.ca
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.
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.
Canadian taxpayers lose $3.5-billion on 2009 bailout of auto firms
– theglobeandmail.com
The federal government’s sale of the remaining 73.389 million common shares it held in GM will close the book on the investment in that company and Chrysler
Higher mortgage insurance premiums could hurt first-time buyers
– moneysense.ca
(Getty Images/Tom Merton)TORONTO – Some realtors and economists say higher mortgage insurance premiums introduced recently by Genworth Canada and CMHC could cause first-time homebuyers to delay their purchases.
“It’s certainly going to bite into first-time, low-equity homebuyer sales,” said Helmut Pastrick, chief economist with Central 1 Credit Union.
“I don’t expect a major impact on housing sales activity as a result of this change, but at the margin, it will slow first-time buyer sales to some extent.”
Canada Mortgage and Housing Corp. announced last week that insurance premiums for buyers who have a downpayment of 10 per cent or less will go up by 15 per cent starting June 1. Genworth matched the move on Monday with an identical increase.
Canada Guaranty, the third mortgage insurance provider in the country, has yet to announce a boost to its premiums.
Both CMHC and Genworth said they don’t expect the changes to have any significant impacts on housing demand.
But Ron Hollet, a Halifax-based broker with Re/Max Nova, says he expects the changes will force a number of first-time buyers out of the market…
