How to go about securing the best return for your investment in Canada.
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How to explain net worth to your kids + MORE Sep 12th
Your net worth is the sum of all your assets and liabilities. It’s a basic calculation that will help determine your financial worthiness with banks and creditors. If you want to buy a house, rent a car or just get an apartment, it’s an important figure to know.
1. “You make $200 a week, right.... More »
If we're OK with government meddling in housing, what else is fair game? + MORE Apr 26th
Canadians seem in favour of government stepping in to intervene in Canada's housing market. But what would the reaction be if governments started meddling in the value of our retirement portfolios or other assets? Peter Armstrong dives in..... More »
Finding the right balance of stocks and fixed income is the key to your investment survival + MORE Sep 14th
A stay-the-course investing resolve is not enough, writes investment expert David Aston. You also need to ensure you have sufficient ability to take on risk,.... More »
Trump official orders consumer protection agency to stop work - CTV News Feb 9th
Trump official orders consumer protection agency to stop work CTV NewsConsumer financial watchdog is ordered by acting director to stop fighting financial abuse CNNTrump’s acting chief of federal financial watchdog orders staff to pause activity The Guardian USTrum.... More »
What rising bond rates tell us about the future Mar 8th
If one were to make a ranked list of which asset classes and securities are most fun to watch, fixed income would be near the bottom, just ahead of money market funds. You certainly won’t find any Redditors calling for bonds to rocket to the moon. However, the impression that bonds are boring is n.... More »
Why realtor commissions don’t need to change
– moneysense.ca
(Getty Images / Image Source)In June 2015, Toronto’s housing prices made headlines when the average price of a detached home passed the $1-million mark. This new standard fuelled discussions about affordability and housing bubbles and prompted more than a few remarks about how much realtors earn in commissions.
It’s a discussion I’ve heard before—often with comments about how little work a realtor actually does or the outrageous fees a realtor is paid. But before I buy a ticket on this bandwagon, I wanted to examine the numbers.
Realtor commission splits
There is no data on real estate commission rates in Canada. In Ontario, the general rule is 5% of the sale price, which is split between two realtors (at 2.5% each). In B.C. and a few other provinces there is a sliding scale with realtors earning as much as 3% on the first few hundred thousand of the sale price, and as little as 1% on the remaining portion of the sale price.
For that Toronto realtor who sold a detached home in June 2015 at the average price of $1,051,912, this means a commission of just under $26,300…
Blue Bell president tells shareholders Bass’ $125M investment necessary to remain in business
– canadianbusiness.com
BRENHAM, Texas – Blue Bell’s chief executive has told shareholders that Texas billionaire Sid Bass will lend the company up to $125 million and that the investment is essential for the popular ice-cream maker to remain in business.
The Bass family would get a one-third stake in the company struggling to recover after listeria contamination forced a crippling national recall in April.
The Wall Street Journal reviewed a letter that CEO and President Paul Kruse sent Monday to investors saying Blue Bell was unable to raise enough capital from existing shareholders to remain operational.
The company on Tuesday announced that Bass would become an investor, but no terms were revealed.
Company spokesman Joe Robertson on Friday declined to comment, saying Blue Bell is privately held and doesn’t discuss financial matters.
The post Blue Bell president tells shareholders Bass’ $125M investment necessary to remain in business appeared first on Canadian Business – Your Source For Business News.
The Bass family would get a one-third stake in the company struggling to recover after listeria contamination forced a crippling national recall in April.
The Wall Street Journal reviewed a letter that CEO and President Paul Kruse sent Monday to investors saying Blue Bell was unable to raise enough capital from existing shareholders to remain operational.
The company on Tuesday announced that Bass would become an investor, but no terms were revealed.
Company spokesman Joe Robertson on Friday declined to comment, saying Blue Bell is privately held and doesn’t discuss financial matters.
The post Blue Bell president tells shareholders Bass’ $125M investment necessary to remain in business appeared first on Canadian Business – Your Source For Business News.
10 signs you’re ready to retire
– moneysense.ca
Not sure whether you’re ready to retire? If you can check off at least half of the things on the below list, chances are you’re ready. Just keep in mind it’s always a good idea to run your retirement plan by a financial advisor, who can stress-test your portfolio under various scenarios.
1. You own a paid-for home
Everybody needs a place to live but when you’re mortgage-free you can use money previously earmarked for home payments in a variety of ways: for instance, to fund your travel lust, or to invest in dividend-paying stocks that will generate money for years to come. Plus, a debt-free home offers a financial safety net. You can always rent out a portion of your home if money becomes tight, downsize altogether and live off the proceeds, or take a reverse mortgage (although these come with hefty fees and restrictive rules).
2. You have a workplace pension plan
Roughly 32% of Canadians have a workplace pension plan, of which a smaller percentage have a defined benefit pension plan (versus defined contribution) which guarantees certain payouts in retirement…
1. You own a paid-for home
Everybody needs a place to live but when you’re mortgage-free you can use money previously earmarked for home payments in a variety of ways: for instance, to fund your travel lust, or to invest in dividend-paying stocks that will generate money for years to come. Plus, a debt-free home offers a financial safety net. You can always rent out a portion of your home if money becomes tight, downsize altogether and live off the proceeds, or take a reverse mortgage (although these come with hefty fees and restrictive rules).
2. You have a workplace pension plan
Roughly 32% of Canadians have a workplace pension plan, of which a smaller percentage have a defined benefit pension plan (versus defined contribution) which guarantees certain payouts in retirement…
B.C. pension management firm reaps benefits of global markets
– theglobeandmail.com
British Columbia Investment Management Corp. earned a 14.2-per-cent return for the year and boosted its total assets to $124-billion
After 2nd-quarter results, Google looks set to gain a record $50B in market value Friday
– canadianbusiness.com
NEW YORK, N.Y. – Google is already one of the largest companies in the world, and on Friday it’s making one of the largest stock market moves ever.
The Internet giant reported strong second-quarter results on Thursday and its shares are up about 15 per cent in afternoon trading. That pushed Google’s Class A stock above $700 for the first time.
Google’s market capitalization, already around $400 billion, rose $52 billion during the day, according to S&P Dow Jones Indices.
Including the gains in Google Inc.’s Class A and nonvoting Class C shares, that puts the company on pace for the biggest single-day market cap gain ever.
Not adjusting for inflation, the current record holder is Apple. Apple Inc.’s market cap rose $46.4 billion in value on April 25, 2012, after a better-than-expected first-quarter report.
The post After 2nd-quarter results, Google looks set to gain a record $50B in market value Friday appeared first on Canadian Business – Your Source For Business News.
The Internet giant reported strong second-quarter results on Thursday and its shares are up about 15 per cent in afternoon trading. That pushed Google’s Class A stock above $700 for the first time.
Google’s market capitalization, already around $400 billion, rose $52 billion during the day, according to S&P Dow Jones Indices.
Including the gains in Google Inc.’s Class A and nonvoting Class C shares, that puts the company on pace for the biggest single-day market cap gain ever.
Not adjusting for inflation, the current record holder is Apple. Apple Inc.’s market cap rose $46.4 billion in value on April 25, 2012, after a better-than-expected first-quarter report.
The post After 2nd-quarter results, Google looks set to gain a record $50B in market value Friday appeared first on Canadian Business – Your Source For Business News.
