How to go about securing the best return for your investment in Canada.
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Royal Bank implements technology that can identify a client based on their voice + MORE Oct 4th
TORONTO – Phone passwords and security questions could soon become obsolete as financial institutions race to implement technology that can verify a client’s identity based on the characteristics of their voice.
After a successful pilot project last summer, Royal Bank (TSX:RBC) is rollin.... More »
When and how should I start drawing on my retirement savings? Apr 1st
Ask MoneySense
Do you have any tips for withdrawing from an RRSP?
Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me.
I have approximately $650,000 in RRSPs .... More »
AI chip firm Nvidia valued at $2tn - BBC.com Feb 23rd
AI chip firm Nvidia valued at $2tn BBC.comStock Market Today: Dow, S&P Live Updates for February 23 BloombergWhy Nvidia $2 trillion bubble is likely to burst AxiosWhat did Goldman Sachs say about chip maker Nvidia's stock? Take our business and investing news qui.... More »
RBC hikes dividend amid record Q3 profit as oil woes diminish - bnn.ca + MORE Aug 24th
Financial PostRBC hikes dividend amid record Q3 profit as oil woes diminishbnn.caTORONTO - Royal Bank of Canada reported slightly higher-than-expected quarterly results on Wednesday after rising oil prices allowed it to set aside less money to cover energy companies' bad loans. Like other Canad.... More »
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 11th
Ask MoneySense
I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne
Capital losses in a TFSA
A capital loss is when you sell an investment at a lowe.... More »
4.5 year – 2.25%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-21. Click on the link above to get more details or apply online.
HALIFAX – A sentencing hearing will be held today for two people who pleaded guilty to murdering Loretta Saunders, whose remains were found inside a hockey bag along the side of a highway in New Brunswick.
Blake Leggette and Victoria Henneberry entered the guilty pleas a week ago as their trial was supposed to start in the Nova Scotia Supreme Court in Halifax.
The pair had originally pleaded not guilty to first-degree murder but Leggette abruptly changed his plea to guilty and Henneberry pleaded guilty to a lesser charge of second-degree murder in the 26-year-old woman’s death.
Leggette will be sentenced to an automatic life sentence with no parole eligibility for 25 years.
Henneberry is also facing a life sentence, but her parole eligibility could range between 10 and 25 years.
It’s expected Judge Josh Arnold will decide on Henneberry’s parole eligibility period and victim impact statements will be delivered.
Two statements of fact have been submitted to the court that say Leggette and Henneberry were having financial difficulties soon after they moved into a sublet room in Saunders’ apartment, which they had found through a Kijiji ad in January 2014…
Blake Leggette and Victoria Henneberry entered the guilty pleas a week ago as their trial was supposed to start in the Nova Scotia Supreme Court in Halifax.
The pair had originally pleaded not guilty to first-degree murder but Leggette abruptly changed his plea to guilty and Henneberry pleaded guilty to a lesser charge of second-degree murder in the 26-year-old woman’s death.
Leggette will be sentenced to an automatic life sentence with no parole eligibility for 25 years.
Henneberry is also facing a life sentence, but her parole eligibility could range between 10 and 25 years.
It’s expected Judge Josh Arnold will decide on Henneberry’s parole eligibility period and victim impact statements will be delivered.
Two statements of fact have been submitted to the court that say Leggette and Henneberry were having financial difficulties soon after they moved into a sublet room in Saunders’ apartment, which they had found through a Kijiji ad in January 2014…
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.
The number of Canadians in insecure employment continues to rise, taking a toll on financial security and on personal lives.
Most Canadians expect semi-retirement or none at all
– moneysense.ca
OTTAWA – A new survey suggests more than half of Canadians either plan to ease into retirement by working reduced hours before hanging it up for good or have no plans to ever quit.The report by HSBC found that 45 per cent of working-age Canadians expect some period of semi-retirement before fully packing it in, while another 15 per cent expect to never be able to fully retire.
That’s compared with 17 per cent of current retirees surveyed who said they semi-retired before fully retiring.
Betty Miao, HSBC Bank Canada’s head of retail banking and wealth management, says while under-employment challenges facing young Canadians are well-known, the report suggests older Canadians are also feeling the pinch.
The survey results come as Canadians balance saving for retirement while grappling with record debt levels.
Statistics Canada said last month that the ratio of household debt to disposable income hit a new high in the fourth quarter of last year, with households owing about $1.63 in consumer credit, mortgage, and non-mortgage loans for every dollar of disposable income…
