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Regulators fiddle while investors burn over fund fees at discount brokers + MORE Mar 3rd
Adviser commissions are still charged on many mutual funds despite 2017 report that found them unwarranted
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Ask around your group of peers what their childhoods were like, and you’ll probably discover you all grew up incredibly differently. Some of us dined on Kraft Dinner nightly, while others enjoyed meals fit for the cover of Bon Appétit. Some families were frugal by choice or necessity, and others .... More »
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Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
Money Matters: What advice would you give someone who wants to start building wealth? + MORE Oct 12th
In our 12-part video series, Money Matters, we interviewed the top voices in Canadian personal finance about money issues that affect all Canadians. For our seventh video of the series, we asked: What advice would you give someone who wants to start building wealth? Listen to what some of our partne.... More »
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Loonie hovers above 70-cent U.S. mark
– macleans.ca
TORONTO – The rapidly falling price of oil dragged down Toronto’s stock market on Monday amid lingering worries for the country’s economic outlook this year.
The S&P/TSX composite index, which has lost nearly eight per cent of its value since Christmas Eve, was down again for its ninth consecutive day. In mid-afternoon trading, the Toronto Stock Exchange had lost 167.55 points, leaving it at 12,277.90.
The Canadian dollar, which has also been on a steep slide since the start of the year, fell 0.37 of a cent to 70.31 cents U.S. The last time the loonie settled below the 70-cent U.S. mark was on April 30, 2003, when it closed at 69.76 cents U.S.
The slump in China and its knock-on effects on commodity prices, especially oil, continued to drive down both the dollar and the TSX.
“We’re seeing a continuation of the weakness that started the year,” said Craig Fehr, Canadian market strategist at Edward Jones in St. Louis.
“The key drivers are pretty much the same…
The S&P/TSX composite index, which has lost nearly eight per cent of its value since Christmas Eve, was down again for its ninth consecutive day. In mid-afternoon trading, the Toronto Stock Exchange had lost 167.55 points, leaving it at 12,277.90.
The Canadian dollar, which has also been on a steep slide since the start of the year, fell 0.37 of a cent to 70.31 cents U.S. The last time the loonie settled below the 70-cent U.S. mark was on April 30, 2003, when it closed at 69.76 cents U.S.
The slump in China and its knock-on effects on commodity prices, especially oil, continued to drive down both the dollar and the TSX.
“We’re seeing a continuation of the weakness that started the year,” said Craig Fehr, Canadian market strategist at Edward Jones in St. Louis.
“The key drivers are pretty much the same…
TSX down for 9th straight session
– thestar.com
The Toronto stock market ended its ninth consecutive session in the red, as lingering concerns about the Chinese economy dragged down the price of oil.EDMONTON – The results of Alberta’s royalty review have now been put off for a few more weeks — but critics say time is of the essence.
“We said (from the beginning) that a review shouldn’t be done at all, but if it was done it needed to be over very quickly,” Wildrose Leader Brian Jean said Monday in an interview.
“That, of course, would reduce the uncertainty in the marketplace, and add stability and confidence for the business community and investors generally. This has not happened. The review itself has taken far too long, so the faster the better for sure.”
Alberta Party Leader Greg Clark said, “the real killer in all of this from the very beginning has been uncertainty.
“The longer it goes on, the longer this uncertainty remains and the longer investment dollars are parked on the sidelines.”
Alberta’s four-person royalty review panel, headed up by ATB Financial president Dave Mowat, has been taking submissions and listening to opinions since the beginning of September…
“We said (from the beginning) that a review shouldn’t be done at all, but if it was done it needed to be over very quickly,” Wildrose Leader Brian Jean said Monday in an interview.
“That, of course, would reduce the uncertainty in the marketplace, and add stability and confidence for the business community and investors generally. This has not happened. The review itself has taken far too long, so the faster the better for sure.”
Alberta Party Leader Greg Clark said, “the real killer in all of this from the very beginning has been uncertainty.
“The longer it goes on, the longer this uncertainty remains and the longer investment dollars are parked on the sidelines.”
Alberta’s four-person royalty review panel, headed up by ATB Financial president Dave Mowat, has been taking submissions and listening to opinions since the beginning of September…
