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SaskTel annual report notes profit for the Crown, but also challenges ahead + MORE Jul 14th
REGINA – SaskTel customers are hanging up their landlines and that’s affecting revenue.
The SaskTel annual financial report says revenue from phone service was down $234.2 million for the fiscal year ending in March because customers dropped their existing landline to go wireless.
Long-d.... More »
Stock news for investors: Cenovus boosts MEG Energy stake to 9.8% + MORE Oct 17th
Here’s a round-up of news for Canadian investors this week.
Cenovus-MEG Energy
Parkland-Sunoco
Cineplex
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings wi.... More »
Making sense of the markets this week: August 4, 2024 Aug 2nd
Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
Mixed results for Magnificent 7
The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news.
Microsoft .... More »
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer - The Hill Times + MORE Feb 10th
Canadian Partnership Against Cancer: Working together to reduce the heavy burden of cancer The Hill TimesCanadian Cancer Society fights financial burden of disease on World Cancer Day CTV NewsEven with health care, cancer inflicts ‘enormous financial strain’ on patients&nbs.... More »
BDC’s Isabelle Hudon Talks Resilience, Supporting Entrepreneurs and Finding Happiness Nov 17th
Recently appointed president and CEO of the Business Development Bank of Canada (BDC) Isabelle Hudon has earned a spot among Canada’s most influential figures. Formerly the ambassador of Canada to France and Monaco, personal representative of the prime minister of Canada for the Francophonie, and .... More »
Before the Bell: Markets to surge, but not BlackBerry
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Economy grew at 3.9 per cent rate in spring, helped by stronger consumer and business spending
– canadianbusiness.com
WASHINGTON – The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent financial markets.
The overall economy expanded at an annual rate of 3.9 per cent in the April-June quarter, up from a previous estimate of 3.7 per cent, the Commerce Department reported Friday. The new-found strength came from additional gains in consumer spending, business investment and residential construction.
The second quarter expansion in the gross domestic product, the economy’s total output of goods and services, was a marked improvement from an anemic 0.6 per cent increase in the first quarter when the economy was battered by a harsh winter.
While economists believe growth in the third quarter has slowed to around 2.2 per cent to 2.5 per cent, they expect a modest acceleration in activity for the final three months of this year.
“Overall, the outlook on the U.S. economy for the remainder of the year remains fairly optimistic, supported by continuing job creation, increasing consumer spending, improvements in the housing sector, and solid manufacturing numbers,” said Jim Baird, chief investment officer for Plante Moran Financial Advisors…
The overall economy expanded at an annual rate of 3.9 per cent in the April-June quarter, up from a previous estimate of 3.7 per cent, the Commerce Department reported Friday. The new-found strength came from additional gains in consumer spending, business investment and residential construction.
The second quarter expansion in the gross domestic product, the economy’s total output of goods and services, was a marked improvement from an anemic 0.6 per cent increase in the first quarter when the economy was battered by a harsh winter.
While economists believe growth in the third quarter has slowed to around 2.2 per cent to 2.5 per cent, they expect a modest acceleration in activity for the final three months of this year.
“Overall, the outlook on the U.S. economy for the remainder of the year remains fairly optimistic, supported by continuing job creation, increasing consumer spending, improvements in the housing sector, and solid manufacturing numbers,” said Jim Baird, chief investment officer for Plante Moran Financial Advisors…
The Globe and MailPope Francis attacks 'boundless thirst' for wealth at UNThe Globe and MailPope Francis on Friday strongly condemned the craving for material gains and power, telling world leaders gathered at the United Nations that greed is destroying the Earth's resources and aggravating poverty. “A selfish and boundless thirst for power …Pope at UN asserts sacredness of life at every stageCTV NewsPEI man just misses chance to drive Pope FrancisCBC.caPope Francis: What He Told the United Nations General AssemblyABC NewsUSA TODAY -RTE.ie -New York Timesall 606 news articles »
Mortgage free by 31
– moneysense.ca
As a millennial, financial writer Sean Cooper is exactly half the age of this aging baby boomer, yet we both share a passion for financial independence. In an early guest blog at the Financial Independence Hub, Cooper once credited my financial novel, Findependence Day, with inspiring him to seek early financial independence himself.The book argues in particular that “the foundation of financial independence is a paid-for house.”
Cooper apparently took this message to heart because by the end of September, he plans a mortgage-burning party to celebrate his long-awaited goal of mortgage freedom: five months before he turns 31.
Here’s an email Q&A I conducted with Sean recently to show other millennials (as well as baby boomers) that a) financial independence can be achieved early in life and b) how it can be done.
JC: Congratulations, Sean, when did you buy the house and how long did it take you to pay it off?
SC: Thank you, Jon. I bought my house in Toronto in August 2012. I purchased it for $425,000 with a mortgage of $255,000 and a down payment of $170,000…
The U.S. economy grew at an even faster clip in the spring than previously estimated. But there is concern that growth slowed in the summer, held back by global headwinds and turbulent financial markets.
