All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Most actively traded companies on the TSX + MORE May 25th
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,053.74, up 100.89 points):
Kinross Gold Corp. (TSX:K). Miner. Up three cents, or 0.53 per cent, to $5.74 on 10 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 28 cents, or 4.64.... More »
RRSP.ORG – Registered Retirement Savings Plan Dec 2nd
Registered Retirement Savings Plan
RRSP.ORG
Canadian Registered Retirement Savings Plan Organization is exactly that; the organization part of the best gift Canadian’s could get from the government to promote and encourage Canadian capital markets. Registered is the keyword and tax differed is.... More »
Millionaire Next Door Principles – On Any Salary + MORE Aug 17th
Learn, save, invest and prosper with My Own Advisor.
Following this post I got an email from a reader that went something like this.
Your posts are interesting but we have different financial situations. My husband and I don’t have company pensions. We’ve pursued our passions, we love what w.... More »
The best GIC rates in Canada for 2024 + MORE Aug 19th
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 »
Russia-Ukraine live updates: NATO chief tells Russia it cannot win nuclear war - The Globe and Mail Mar 23rd
Russia-Ukraine live updates: NATO chief tells Russia it cannot win nuclear war The Globe and MailNATO calls on China to condemn Russia's war in Ukraine Reuters.comCan China broker an end to Russia's war in Ukraine? The GuardianChina and Russia's military relationship.... More »
China scrambles to reassure jittery stock traders after market plunge threatens economic plans
– canadianbusiness.com
BEIJING, China – Chinese authorities are scrambling to reassure jittery investors after soaring stock markets plunged, threatening to set back economic reform plans.
The market benchmark soared 150 per cent from the start of the boom late last year in one of the world’s fastest runups. It hit a peak June 12 and then reversed course and plunged 28 per cent. It rebounded temporarily Tuesday before losing 5.2 per cent on Wednesday.
A prolonged slump could disrupt Communist Party plans to use stock markets to make China’s state-dominated economy more productive. The party wants state companies to raise money through stock sales to reduce debt and hopes they will compete harder if they answer to outside shareholders. It hopes stock investing will give an aging populace more options to save for retirement to ease demand for social spending.
“The government must pay great attention to the stability of the capital market for the sake of the health of the overall economy,” said Liu Yanchun, an economist at Renmin University in Beijing…
The market benchmark soared 150 per cent from the start of the boom late last year in one of the world’s fastest runups. It hit a peak June 12 and then reversed course and plunged 28 per cent. It rebounded temporarily Tuesday before losing 5.2 per cent on Wednesday.
A prolonged slump could disrupt Communist Party plans to use stock markets to make China’s state-dominated economy more productive. The party wants state companies to raise money through stock sales to reduce debt and hopes they will compete harder if they answer to outside shareholders. It hopes stock investing will give an aging populace more options to save for retirement to ease demand for social spending.
“The government must pay great attention to the stability of the capital market for the sake of the health of the overall economy,” said Liu Yanchun, an economist at Renmin University in Beijing…
Reports: Average Manhattan apartment price is now over $1.8 million, a new high
– canadianbusiness.com
NEW YORK, N.Y. – The average sales price of a Manhattan apartment has eclipsed $1.8 million — a new high.
The appraisal firm Miller Samuel says in a report for Douglas Elliman Real Estate that its figure — $1.87 million — compares to $1.77 million reached in the first quarter of last year.
The Corcoran Group puts the average Manhattan sales price at $1.81 million.
Corcoran says the median sales price is now $960,000. The Douglas Elliman report puts it at $980,000.
The median price measures the middle of the market and is less affected by high-end sales.
Douglas Elliman Chief Executive Dottie Herman tells The New York Times (http://nyti.ms/1LUpUM4 ) that New York real estate experts “don’t even blink” at the numbers. But she concedes that “anyplace else, they’re outrageous.”
___
Information from: The New York Times, http://www.nytimes.com
The post Reports: Average Manhattan apartment price is now over $1.8 million, a new high appeared first on Canadian Business – Your Source For Business News.
The appraisal firm Miller Samuel says in a report for Douglas Elliman Real Estate that its figure — $1.87 million — compares to $1.77 million reached in the first quarter of last year.
The Corcoran Group puts the average Manhattan sales price at $1.81 million.
Corcoran says the median sales price is now $960,000. The Douglas Elliman report puts it at $980,000.
The median price measures the middle of the market and is less affected by high-end sales.
Douglas Elliman Chief Executive Dottie Herman tells The New York Times (http://nyti.ms/1LUpUM4 ) that New York real estate experts “don’t even blink” at the numbers. But she concedes that “anyplace else, they’re outrageous.”
___
Information from: The New York Times, http://www.nytimes.com
The post Reports: Average Manhattan apartment price is now over $1.8 million, a new high appeared first on Canadian Business – Your Source For Business News.
Beijing scrambles to reassure jittery stock traders
– theglobeandmail.com
In latest measure, the country’s two major stock exchanges announced they will lower security transaction fees
