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The best GIC rates in Canada for 2025 + MORE Nov 10th
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 »
The best RRSPs in Canada for 2024 + MORE Nov 13th
Why should you open a registered retirement savings plan (RRSP)? This account type is often described as “tax-advantaged,” meaning it offers a tax-efficient way for savers and investors to build wealth for the future, usually for retirement. To maximize its potential, it helps to know the differ.... More »
Canadians are googling ‘housing bubble’ like mad Apr 16th
(Julianna Funk/iStock)
If Google is any indication, awareness of Canada’s housing bubbles is spreading fast.
As the following chart based on Google’s search trend tool shows, worldwide searches for the term “Toronto housing bubble” have exploded in recent months. This, of course, has.... More »
Malaysia says Goldman Sachs must pay, apology not enough Jan 18th
Malaysia's finance minister says that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..... More »
Canopy Growth applies to list shares on NYSE May 14th
Canopy Growth, the Smith Falls, Ont.- based cannabis company, has applied to list its shares on the New York Stock Exchange..... More »
If you take into account Canadians’ growing assets and net worth, we’re actually doing just fine with the debt we’re taking on, a new Fraser Institute study concludes.
Shift in demographics brings boomer turnover to private equity
– theglobeandmail.com
Chrysalis Acquisition Fund I is one new investment platform that wants to capitalize on this trend, focusing on acquisitions of small and medium-sized businesses in Western Canada
How changing interest rates affect fixed income
– moneysense.ca
(Chris Cheadle/Getty Images)It’s been a tough few months for bonds. Since early February, the yield on Government of Canada five-year bonds has climbed from 0.59% to about 1.07%, and 10-year bonds yielding 1.24% have ticked up to 1.82%. The seesaw relationship between yield and price means bond values have fallen sharply: over the same period broad-based index ETFs such as the Vanguard Canadian Aggregate Bond (VAB) have lost well over 3%.
A 3% decline over several months is modest—it’s a bad day for stocks—but bond investors have been so accustomed to steady gains in recent years that it’s caused a lot of anxiety. More worrisome, it’s revealed that many investors have some fundamental misunderstandings about the relationship between bonds and interest rates, which admittedly can be confusing. Inaccurate information leads to poor investment decisions.
If the last five years have taught us anything it’s that forecasting the direction of interest rates is futile, and countless armchair economists have paid the price for trying to do so…
Shopify raises $131-million pricing IPO above increased range
– theglobeandmail.com
Shopify, based in Ottawa, sold 7.7 million shares for $17 apiece, according to a statement Wednesday
New Zealand government fails to deliver promised budget surplus but says it will next year
– canadianbusiness.com
WELLINGTON, New Zealand – New Zealand’s government is blaming low inflation for its failure to deliver a promised budget surplus this year but says it remains on target to get its books into the black next year.
New Zealand had hoped to become one of the first developed nations to return to a surplus following the 2008 global financial crisis. That would allow it to begin repaying debt.
But when Finance Minister Bill English delivered his annual budget Thursday, the planned surplus had evaporated into a projected a deficit of 684 million New Zealand dollars ($501 million) for the year ending June. His forecasts indicate a tiny surplus next year, increasing to a NZ$3.6 billion surplus by 2019.
New Zealand’s agriculturally based economy has grown at a relatively healthy annual clip of 3.3 per cent.
The post New Zealand government fails to deliver promised budget surplus but says it will next year appeared first on Canadian Business – Your Source For Business News.
New Zealand had hoped to become one of the first developed nations to return to a surplus following the 2008 global financial crisis. That would allow it to begin repaying debt.
But when Finance Minister Bill English delivered his annual budget Thursday, the planned surplus had evaporated into a projected a deficit of 684 million New Zealand dollars ($501 million) for the year ending June. His forecasts indicate a tiny surplus next year, increasing to a NZ$3.6 billion surplus by 2019.
New Zealand’s agriculturally based economy has grown at a relatively healthy annual clip of 3.3 per cent.
The post New Zealand government fails to deliver promised budget surplus but says it will next year appeared first on Canadian Business – Your Source For Business News.
