Canadian retirees spending an average $2,400 a month + MORE Jun 25th

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Housing is the single greatest monthly expense Canadian retirees are facing, according to a new study.
On average, retired Canadians are spending $2,400 a month, or $28,800 a year as revealed by the BMO Wealth Management Study, with $668 of that going towards accommodation.
Next on the list is $581 for living expenses like bills, clothing and transportation. Travel expenditures add up to an average of $282 a month, while medical expenses cost retirees an average of $151 a month.
Average monthly expenses varied across the country. Atlantic Canadians are spending the least per month, at $1,975, while Albertans are forking over the most at $2,648.
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Canadian retirees aren’t just spending their money on practical expenses, however.
More than half of those surveyed, or 55%, admitted to having splurged around $10,000 or more in retirement. Around 41% said they’re blowing their funds on new vehicles, 22% said they’re doing major renovations on their homes and 11% admitted to giving large amounts of money to family members…

The Geneva-based business has about $10.6-billion of client assets under management

It’s easy for new investors to become befuddled with the bewildering array of data that’s available online. To make matters worse, different websites calculate common facts and figures in different ways.
Today I’m going to focus on some of the most popular ways of calculating a stock’s dividend yield in an effort to guide you through a small part of the morass.
Simply stated, a stock’s dividend yield is calculated by taking its dividend-per-share and then dividing it by its price-per-share. The result is then expressed in percentage terms.
For instance, Royal Bank (TSX:RY) paid its common shareholders $2.98 per share in dividends over the last 12 months and closed trading on June 22, 2015 at $77.40 per share. Its dividend yield that evening was 2.98 divided by 77.40 times 100%, which rounds to 3.85%. This figure is properly referred to as a trailing dividend yield because it uses historical dividend payments.
However, it is more popular to quote a stock’s indicated dividend yield which uses the current dividend rate instead of the historical one…

NEW YORK, N.Y. – 21st Century Fox says Roger Ailes has signed a new contract to continue as chief executive of Fox News Channel, the network that has become a ratings and financial powerhouse since he started it two decades ago.
The parent company moved quickly to lock up Ailes, 75, after some doubts about his future emerged last week following news that company patriarch Rupert Murdoch was turning over some power to his sons Lachlan and James. Terms, including the length of the contract, were not disclosed. Ailes’ contract was to expire next June.
Fox News is wildly popular with conservatives and has significantly more viewers than its news competitors. Its look, philosophy and personnel are a reflection of its chief executive in a manner unlike any other network.
The post Fox News chief Roger Ailes staying put with new contract appeared first on Canadian Business – Your Source For Business News.

Called for the possible adoption of a bilateral agreement to clarify responsibilities in winding up failed banks