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Colleges and universities face job cuts, deficits amid international student cap - CP24 Nov 23rd
Colleges and universities face job cuts, deficits amid international student cap CP24Ontario colleges face biggest financial hit from Ottawa’s international student clampdown The Globe and MailColleges and universities ring financial alarm over foreign student caps .... More »
Terminal operator announces agreement with proposed Cape Breton harbour facility + MORE Dec 13th
SYDNEY, N.S. — The biggest terminal operator in North America has signed a deal to work with Sydney harbour to develop and operate a marine container facility proposed for the Cape Breton community.
Ports America says in a news release it would manage and operate the Novaporte terminal for 40 year.... More »
At the open: Dow nears 20,000, Nasdaq hits record + MORE Dec 27th
Apple top stock on all three indexes; Biogen up after FDA clears muscular atrophy drug
.... More »
Are you a high earner with no money to spare? Follow these 5 tips to help you stop living hand to mouth and grow your long-term wealth Nov 9th
High Earners Not Rich Yet make better-than-average-incomes, but often spend everything they earn, writes Lesley-Anne Scorgie. There is a way out to grow true wealth..... More »
Erin Bury on quitting a stable job for a risky paycheque, investing in her 20s and more May 12th
Value and planning ahead are important for Erin Bury—as you will read in the interview below. It is what drives her as an entrepreneur (a former PR pro, she is the co-founder and chief executive officer of Willful, an online will platform making estate planning accessible to Canadians). Read on to.... More »
Transat profit beats forecasts; sees ‘satisfying’ fourth quarter
– theglobeandmail.com
Travel company posted adjusted earnings per share of 71 cents, compared with analysts estimates of 69 cents
Canadian insurance and financial services company Sun Life Financial Inc.says it has a deal to buy the employee benefits business of Assurant Inc. for $975 million US.
Best way to invest a large sum of money
– moneysense.ca
Moyra Thompson, 60, is retired and her $600,000 mortgage-free house is up for sale. “I want to sell before boomers flood the market with homes,” says Moyra, who receives $2,100 a month from two small pensions and will start collecting CPP at age 65. Right now, her $150,000 portfolio is invested in bank mutual funds with an overall management expense ratio (MER) of 1.9%, split evenly between fixed income and equities—but even with an additional $600,000 Moyra is concerned her money won’t last into her 90s. “I’ll need $15,000 net a year from my portfolio. I’m not sure the 50% fixed income and 50% equity split will give me that.”
Certified financial planner Chris Stephenson of Steadyhand Investment Funds in Vancouver says that if Moyra’s goal is to withdraw $15,000 annually from a $750,000 portfolio (an extraction rate of 2%), she’ll have no problems. In fact, this is easily achievable with her current asset mix of 50% stocks and 50% fixed income, and Stephenson sees no reason to change this…
Canadian yogawear retailer Lululemon Athletica Inc reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales, and the company raised its full-year revenue and earnings forecast.
Canadian yogawear retailer Lululemon Athletica Inc reported higher-than-expected quarterly profit and revenue, helped by strong store and online sales, and the company raised its full-year revenue and earnings forecast.
