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Latest News
Toronto’s housing market may need a Vancouver-style cooling: RBC Feb 25th
Royal Bank CEO David McKay is joining a growing chorus of financial industry and government leaders voicing concerns with soaring house prices in Canada’s largest cities
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Toronto home sales expected to slip, but average prices forecast to climb + MORE Jan 30th
The Toronto Real Estate Board is expecting total sales of between 85,000 and 95,000 this year
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Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards - Global News + MORE Dec 15th
Lawyers for Ghislaine Maxwell propose $28.5M bail package, including armed guards Global NewsGhislaine Maxwell proposes $28.5M bail package, secured by all of her and her husband's assets National PostGhislaine Maxwell proposes $28.5M bail package Toronto SunGhislain.... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 19th
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
Why are mortgages so expensive in Canada? + MORE Sep 26th
Interest rates have trended steadily lower over the late summer, and as a result, Canadians are finding it slightly easier to buy real estate. Prices are coming down, but Canadian mortgages are still expensive.
This is according to the latest home affordability report compiled by Ratehub (which o.... More »
China gives pension funds access to stock market
– theglobeandmail.com
Funds will be able to invest up to 30 per cent of their net assets in Chinese stocks, equity funds and balanced funds
What to do now the markets are blowing up
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Ben Graham, legendary investor, financial hero of Warren Buffett
I can appreciate these are trying times if you’re following the stock market, including watching your portfolio. World stock markets are blowing up.
There is slowing economic growth in China.
Crude oil prices continue their meltdown. U.S. oil prices traded below $40 a barrel recently for the first time since the 2009 financial crisis. Many Canadian energy producers have cut their dividends to shareholders. More dividend cuts or suspensions are likely coming in the months ahead.
Our TSX index fell almost 6% over the last week.
The S&P 500 suffered its biggest daily percentage drop in nearly four years – this index is also down close to 6% over the same one-week period.
The bull run is probably dead and the bear is growling…
Egyptian stock market continues decline, falls to lowest level in almost 2 years as hype fades
– canadianbusiness.com
CAIRO – Egypt’s stock market fell to its lowest level in almost two years on Sunday, as global markets sag and investors sober up from a buying binge surrounding a much-hyped economic conference last spring, analysts said.
The main EGX 30 stock index kicked off the trading week by closing at 6784.09, its lowest level since December 2013. The 5.43-per cent drop came after a steady fall last week, and as other Middle Eastern markets also tumbled, and it follows an overall global slowdown. Dubai’s stock market closed nearly seven per cent lower after a further slide in oil prices.
“It’s a global sell-off; there’s lack of foreign investments, given the macro-economic headwinds,” said Amr Elalfy, global head of research at Mubasher Financial Services. “But there were also great hopes and expectations surrounding the economic development conference last March, but people are realizing now that most of them have not yet materialized and that these reforms take time…
The main EGX 30 stock index kicked off the trading week by closing at 6784.09, its lowest level since December 2013. The 5.43-per cent drop came after a steady fall last week, and as other Middle Eastern markets also tumbled, and it follows an overall global slowdown. Dubai’s stock market closed nearly seven per cent lower after a further slide in oil prices.
“It’s a global sell-off; there’s lack of foreign investments, given the macro-economic headwinds,” said Amr Elalfy, global head of research at Mubasher Financial Services. “But there were also great hopes and expectations surrounding the economic development conference last March, but people are realizing now that most of them have not yet materialized and that these reforms take time…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.
Housing: The Canada Mortgage and Housing Corp. releases its 2015 second-quarter financial report on Monday. In its recent Q2 house price analysis, the federal agency warned that Toronto, Regina and Winnipeg are at “high risk” of a housing correction.
Banks: Canada’s big banks report their third-quarter earnings throughout the week, starting with the Bank of Montreal on Tuesday and ending with Scotiabank on Friday. The ongoing oil price plummet and a spate of bleak economic indicators in the first half of the year have sparked renewed concerns about the health of the banks.
Housing: Bank of Canada deputy governor Lawrence Schembri is in Kingston, Ont…
Stock Market: Traders will be keeping an even closer eye than usual on economic events at home and abroad after major indexes in Canada and the U.S. officially moved into correction territory last week, largely on fears of a greater than expected slowdown in China.
Housing: The Canada Mortgage and Housing Corp. releases its 2015 second-quarter financial report on Monday. In its recent Q2 house price analysis, the federal agency warned that Toronto, Regina and Winnipeg are at “high risk” of a housing correction.
Banks: Canada’s big banks report their third-quarter earnings throughout the week, starting with the Bank of Montreal on Tuesday and ending with Scotiabank on Friday. The ongoing oil price plummet and a spate of bleak economic indicators in the first half of the year have sparked renewed concerns about the health of the banks.
Housing: Bank of Canada deputy governor Lawrence Schembri is in Kingston, Ont…
Canada’s big six banks will be reporting third quarter earnings this week. But a weak economy, falling loonie and — most importantly for Alberta — continued low oil prices have all the ingredients of a perfect storm.
