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The best GIC rates in Canada for 2025 + MORE Jun 23rd
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.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Premarket: Global stocks claw back losses but set for second weekly fall Nov 17th
Longest weekly losing streak since August; European stocks sluggish as earnings disappoint
.... More »
Setting expectations important when lending money to loved ones Dec 10th
When a friend or family member asks for money, several thoughts might cross your mind, including whether or not it’s a good idea in the first place. Lending money to close friends or family can be a risky affair. There are chances you may not see that money again, and even worse, it could sour.... More »
Can I avoid probate? + MORE Sep 15th
Q: Do I have to probate cash if that is all there is in an estate? The estimate is $90,000 in a bank. Do I have to probate the estimated $120,000 in Canadian stocks? There are three siblings that will all sign off on a decision according to the only will ever prepared (equal split).
-Spike
A: Benjam.... More »
Share your big fat investing mistakes + MORE Nov 8th
Learn, save, invest and prosper with My Own Advisor.
I’ve written this before on my site but it’s worth repeating: you usually don’t succeed in life without falling down flat on your face a few times. I recall Winston Churchill coined this phrase:
“Success consists of going from failure .... More »
The Globe and MailCANADA STOCKS-TSX hits 1-month low as NDP victory sends energy stocks …Reuters(Adds election details, market reaction, analysts comments). * TSX down 225.81 points, or 1.49 percent, at 14,948.13. * Nine of the TSX's 10 main groups decline. By Solarina Ho. TORONTO, May 6 (Reuters) – Canada's main stock index fell on Wednesday for …At midday: TSX hits one-month low in wake of Alberta electionThe Globe and MailToronto Stock Exchange falls as investors weigh impact of NDP win in AlbertaCalgary HeraldCasting blame for Canada's trade disaster: Don PittisCBC.caall 134 news articles »
Loblaw Companies Ltd. is reporting a big jump in first quarter profit as it benefits from major strategic moves, including the purchase of Shoppers Drug Mart.
Good savings habits are in your genes
– moneysense.ca
(Getty Images; Scott Tysick)When it comes to saving behaviour, it turns out your parents’ genes are far more valuable than any solid financial advice they may try to impart. That’s the finding of a new Journal of Political Economy paper, which found that 33% of the differences in our savings and investment decisions are determined by our genetic predisposition. In particular, they found that our financial habits are rooted in general self control, with poor savings behaviour genetically correlated with smoking and obesity. Good parenting helps, but its effect quickly fades once adult children reach their 20s and start becoming less financially dependent. By age 40, parenting had little or no impact at all. When it comes to money, nature beats nurture every time.
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The post Good savings habits are in your genes appeared first on MoneySense.
Husky Energy Inc profits plunge 71% on low oil and gas prices
– canadianbusiness.com
CALGARY – Husky Energy Inc. (TSX:HSE) has reported a 71 per cent drop in first-quarter earnings as it struggled with low oil and gas prices.
The company earned $191 million or 17 cents a share in the quarter, compared with $662 million or 66 cents a share in the first quarter of 2015. Earnings included a $203-million deferred tax recovery.
Husky’s average realized price for its upstream production in the quarter was $40.84 a barrel, compared with $72.21 last year.
Production rose 9.2 per cent to 356,000 barrels of oil equivalent per day for the quarter compared with 326,000 barrels in the same quarter last year.
Operating costs per barrel dropped 13 per cent to $14.87 a barrel from $17.21 in the first quarter of 2014. The company attributes the cost savings to lower cost production coming on stream and lower energy input costs.
The company had $3.2 billion in undrawn credit facilities at the end of the quarter.
The post Husky Energy Inc profits plunge 71% on low oil and gas prices appeared first on Canadian Business – Your Source For Business News.
The company earned $191 million or 17 cents a share in the quarter, compared with $662 million or 66 cents a share in the first quarter of 2015. Earnings included a $203-million deferred tax recovery.
Husky’s average realized price for its upstream production in the quarter was $40.84 a barrel, compared with $72.21 last year.
Production rose 9.2 per cent to 356,000 barrels of oil equivalent per day for the quarter compared with 326,000 barrels in the same quarter last year.
Operating costs per barrel dropped 13 per cent to $14.87 a barrel from $17.21 in the first quarter of 2014. The company attributes the cost savings to lower cost production coming on stream and lower energy input costs.
The company had $3.2 billion in undrawn credit facilities at the end of the quarter.
The post Husky Energy Inc profits plunge 71% on low oil and gas prices appeared first on Canadian Business – Your Source For Business News.
Lending Club stocks jumps, helped by signs that online lending industry continues to grow fast
– canadianbusiness.com
NEW YORK, N.Y. – Everyone wants in the Club.
Shares of Lending Club advanced 3 per cent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank.
It’s a positive bit of good news for a company whose the stock is down nearly 30 per cent year to date as investors wait to see if Lending Club, and its competition, become as big as some investors believe it will be.
Lending Club is the largest company in the peer-to-peer lending industry, which has become one of the hottest topics among investors in the past year. Lending Club is not a bank nor does it lend money itself. Like other peer-to-peer lending companies, Lending Club operates a website that puts potential borrowers and investors together. Lending Club earns revenue by charging a servicing fee on all loans it helps create.
The San Francisco-based company said it earned an adjusted profit of 2 cents per share on revenue of $81…
Shares of Lending Club advanced 3 per cent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank.
It’s a positive bit of good news for a company whose the stock is down nearly 30 per cent year to date as investors wait to see if Lending Club, and its competition, become as big as some investors believe it will be.
Lending Club is the largest company in the peer-to-peer lending industry, which has become one of the hottest topics among investors in the past year. Lending Club is not a bank nor does it lend money itself. Like other peer-to-peer lending companies, Lending Club operates a website that puts potential borrowers and investors together. Lending Club earns revenue by charging a servicing fee on all loans it helps create.
The San Francisco-based company said it earned an adjusted profit of 2 cents per share on revenue of $81…
