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If it’s not an essential expense, it can — and probably should — wait Mar 30th
Living lean won’t be forever, but during these trying financial times, it’s simply prudent to protect your precious resources. Define what is essential first, then develop your budget..... More »
Don’t inherit a crisis: How to manage a parent’s debt before they pass + MORE Mar 13th
For many families, the grief of losing a parent is compounded by a harsh and unexpected reality: a messy financial aftermath. Amidst mourning, loved ones may suddenly find themselves facing a daunting array of bills, taxes, and legal duties they are unprepared to handle. The topic of inherited debt.... More »
Time to let the world know Canada is a financial giant + MORE Dec 11th
While the prominence of our financial sector continues to grow, it is noteworthy that it is also very often underestimated on the international stage
.... More »
Steven Mnuchin’s ‘predatory’ past at the top of Democrats' hearing priorities + MORE Jan 19th
Donald Trump’s Treasury Secretary nominee is expected to face tough questions over the role his bank played in foreclosing on Americans’ homes during the financial crisis
.... More »
Energy and metals weigh on TSX as Wall St. pulls back, loonie slides lower + MORE Jan 18th
TORONTO _ Canada’s main stock index fell moderately today, as Wall Street pulled back from the record highs it set yesterday.
The S&P/TSX composite index was down 42.23 points to 16,284.47, as the base metals, gold and energy sectors lost ground.
In New York, the Dow Jones industrial avera.... More »
Canadian dollar slips ahead of open of North American stock markets
– canadianbusiness.com
TORONTO – The Canadian dollar was down slightly ahead of trading on North American stock markets.
The loonie traded at 78.54 cents US, down 0.13 of a U.S. cent from Tuesday’s close.
The Dow Jones industrial futures were down 113 points at 17,567.0, the Nasdaq futures fell 27.5 points to 4,394.8, and the S&P 500 futures declined 11.3 points to 2,062.4.
On the commodity markets, the August crude contract was up two cents at US$52.35 a barrel and the August gold contract rose $3.50 to US$1,156.10 an ounce.
The S&P/TSX composite index rose 30.93 points on Tuesday to close at 14,624.50.
The post Canadian dollar slips ahead of open of North American stock markets appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 78.54 cents US, down 0.13 of a U.S. cent from Tuesday’s close.
The Dow Jones industrial futures were down 113 points at 17,567.0, the Nasdaq futures fell 27.5 points to 4,394.8, and the S&P 500 futures declined 11.3 points to 2,062.4.
On the commodity markets, the August crude contract was up two cents at US$52.35 a barrel and the August gold contract rose $3.50 to US$1,156.10 an ounce.
The S&P/TSX composite index rose 30.93 points on Tuesday to close at 14,624.50.
The post Canadian dollar slips ahead of open of North American stock markets appeared first on Canadian Business – Your Source For Business News.
What semi-retirement is really like
– moneysense.ca
(VisualField/Getty Images)Semi-retirement seems to me a natural half-way house between full employment and the classic “full-stop” retirement. Since stepping down from my full-time position at MoneySense more than a year ago, I have been attempting to experience just this phenomenon. Consider this column a progress report.
Entire books are devoted to this topic, as a web search will establish. Some I read in the past year include Bob Clyatt’s WorkLess, Live More: the Way to Semi-Retirement and, for a Canadian perspective, Ian Taylor’s Are you Ready for Semi-Retirement?
Clearly, some level of financial independence is a prerequisite to achieving and enjoying either full or semi-retirement. But there are degrees of financial independence, or what I call “findependence.” You may have achieved a “Cadillac” level of findependence with an assured $10,000 a month coming in, which would make you a candidate for the traditional full-stop retirement if you were that way inclined…
Canada’s Top 10 best dividend stocks for 2015
– canadianbusiness.com
(John Lehmann/Globe and Mail/CP)
Getting paid to wait is a favourite catchphrase of dividend investors, but no one said the wait had to be a long one. Anyone who invested in AirBoss of America Corp. after it appeared on our dividend screen a year ago would have happily discovered that. If you bought into the Newmarket, Ont., defence contractor at that time, you would have more than doubled your money.
For that matter, half of the companies that popped up on our dividend list last year posted double-digit gains. That powered our top 10 picks to an average total return of 21.3%, matching the previous year’s performance while handily beating the S&P/TSX composite. What makes this return even more impressive is that half of the 2014 picks only had modest dividend yields, below 4%. This year, just two of the 10 dividend companies we list here have yields that low, which should reinforce the notion that there is more to picking dividend stocks than seeking out the company with the highest yield…
China tells companies to buy stocks to bolster market – CTV News
– news.google.ca
CTV NewsChina tells companies to buy stocks to bolster marketCTV NewsBEIJING — China announced a flurry of new moves Wednesday to halt a stock market slide. The result? Another big dive in share prices. The government told state companies and executives to buy shares, raised the amount of equities insurance companies …China stock market freezing up as sell-off gathers paceReutersTuesday's Momentum Rebound Peters Out for StocksWall Street JournalFutures fall as China rout weighs on commodity pricesReuters CanadaCBC.ca -Financial Times -New York Timesall 2,533 news articles »
Supermarket operator Albertsons plans to go public in IPO
– canadianbusiness.com
NEW YORK, N.Y. – Supermarket operator Albertsons Companies Inc., the No. 2 U.S. supermarket company whose brands also include Safeway, has filed for an initial public offering of stock, according to a filing Wednesday.
The Boise, Idaho-based company did not say how many shares it would offer, what they would cost or where those shares would trade. It said it expects to raise $100 million from the offering, though that figure is only an estimate used to calculate a filing fee. Proceeds from the offering will be used to repay debt and for general expenses.
Albertsons closed its $8 billion buyout of Safeway in January, drastically increasing the company’s size. It now operates 2,205 stores in 33 states under 18 names. Safeway locations make up 1,247 of those stores. Other names under Safeway operations include Vons, Tom Thumb and Randalls.
The company also operates 456 Albertsons supermarkets in 16 states. Other retail banners include Jewel-Osco, Shaw’s, Acme, United Supermarkets, Pavilions, and Star Markets…
The Boise, Idaho-based company did not say how many shares it would offer, what they would cost or where those shares would trade. It said it expects to raise $100 million from the offering, though that figure is only an estimate used to calculate a filing fee. Proceeds from the offering will be used to repay debt and for general expenses.
Albertsons closed its $8 billion buyout of Safeway in January, drastically increasing the company’s size. It now operates 2,205 stores in 33 states under 18 names. Safeway locations make up 1,247 of those stores. Other names under Safeway operations include Vons, Tom Thumb and Randalls.
The company also operates 456 Albertsons supermarkets in 16 states. Other retail banners include Jewel-Osco, Shaw’s, Acme, United Supermarkets, Pavilions, and Star Markets…
