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Venezuela's Maduro offers to negotiate with opposition - CBC.ca Jan 30th
Venezuela's Maduro offers to negotiate with opposition CBC.caVenezuelan court slaps travel ban on opposition leader Guaido, freezes his assets Global NewsCourt bars Venezuela opposition leader from leaving nation CTV NewsVenezuela's slow coup continues Al .... More »
Should you sell stocks to simplify with an all-in-one ETF? Aug 12th
Ask MoneySense
I have a mixed bag of stocks in my TFSA, RRSP, corporate trading account, and in my non-registered accounts.
I am in my mid-50s and looking to simplify my portfolio. I would like to sell all positions within each account and deploy a 2 to 3 ETF portfolio. Am I able to sell off ever.... More »
Ten RRSP questions answered + MORE Feb 13th
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Senior cardinal convicted of embezzlement in historic Vatican fraud trial - Al Jazeera English Dec 16th
Senior cardinal convicted of embezzlement in historic Vatican fraud trial Al Jazeera EnglishVatican’s ‘trial of the century’ sees cardinal given five-and-a-half-year jail sentence CNNSenior cardinal found guilty of embezzlement in Vatican corruption trial CBC.c.... More »
Don’t get taken in by event ticket scams Jun 29th
At long last, the FIFA World Cup has kicked off in cities across North America. If you’re not fazed by single-ticket prices in the four figures, may we offer a word of caution: stalwart footy fans are not the only ones attracted to events like this. So are scam artists.
Cyber-criminals lo.... More »
Ferguson mayor asks tech company Emerson for support as city’s reserves continue to dwindle
– canadianbusiness.com
FERGUSON, Mo. – The city of Ferguson has turned to a Fortune 500 company based in the St. Louis suburb in hopes of reversing its deteriorating financial situation.
Ferguson was in financial trouble even before the protests and looting touched off by the fatal shooting of Michael Brown, 18, by now-former police officer Darren Wilson last August. Its reserves were $25 million in 2013, a figure that’s expected to decline to $4.8 million by June 2016. The city also has run a multimillion-dollar deficit over the past two years.
Mayor James Knowles III and former city manager John Shaw met last week to seek a possible solution with officials from Emerson, an international manufacturing and technology company, the St. Louis Post-Dispatch (http://bit.ly/1VaOJMj ) reported. Knowles said no specific “ask or offer” was made during the meeting, and he declined to elaborate on specifics.
“We have a budget deficit we have to resolve, and that was one topic of conversation,” he said…
Ferguson was in financial trouble even before the protests and looting touched off by the fatal shooting of Michael Brown, 18, by now-former police officer Darren Wilson last August. Its reserves were $25 million in 2013, a figure that’s expected to decline to $4.8 million by June 2016. The city also has run a multimillion-dollar deficit over the past two years.
Mayor James Knowles III and former city manager John Shaw met last week to seek a possible solution with officials from Emerson, an international manufacturing and technology company, the St. Louis Post-Dispatch (http://bit.ly/1VaOJMj ) reported. Knowles said no specific “ask or offer” was made during the meeting, and he declined to elaborate on specifics.
“We have a budget deficit we have to resolve, and that was one topic of conversation,” he said…
Canadians invest conservatively
– moneysense.ca
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Canadians are playing it safe when it comes to investing.
Sun Life Global Investments’ Investor Sentiment Report finds investors are holding an average 25% of their portfolio—including both personal savings and employer-sponsored retirement plans—in cash.
The rest breaks down as follows:
Canadian stocks and stock mutual funds (34%);
Canadian bonds and bond mutual funds (13%);
foreign stocks, bonds and mutual funds (12%);
ETFs (5%); and
other (11%).
“To the extent that foreign exposure is indicative of an investor’s risk appetite (and often his or her understanding of the importance of diversification), the 12% average holdings of foreign stocks, bonds and mutual funds is noteworthy,” the survey states.
Getting the money out of your mattress »
Just 16% of investors plans to invest more in foreign assets over the next year. More than half (57%) say no and 26% either don’t know or aren’t sure…
BlackBerry Earnings: What to Watch
– blogs.wsj.com
BlackBerry reports its fiscal second-quarter results before markets open Friday. Here’s what to expect.
Yellen says she expects Fed to start raising rates from record lows by year’s end
– canadianbusiness.com
WASHINGTON – Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year.
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 per cent as unusually low oil prices and other factors prove temporary. And she suggested that global economic weakness won’t likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Yellen’s comments may help clarify doubts about the Fed’s intentions that deepened last week after its latest policy meeting ended. The Fed chose not to raise rates, citing global economic pressures and concern about excessively low inflation.
That decision raised worries that the Fed had greater concerns about economic problems in China and falling stock markets than investors had previously thought.
In her speech Thursday, Yellen said Fed officials continue to monitor economic troubles abroad…
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 per cent as unusually low oil prices and other factors prove temporary. And she suggested that global economic weakness won’t likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Yellen’s comments may help clarify doubts about the Fed’s intentions that deepened last week after its latest policy meeting ended. The Fed chose not to raise rates, citing global economic pressures and concern about excessively low inflation.
That decision raised worries that the Fed had greater concerns about economic problems in China and falling stock markets than investors had previously thought.
In her speech Thursday, Yellen said Fed officials continue to monitor economic troubles abroad…
The RioCan and Kimco real estate businesses are unwinding their Canadian partnership, which jointly owns 35 properties in six provinces.
