Canadian pension funds plummet amid global market volatility + MORE Feb 2nd

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Catching up with Millionaire Teacher and Expat – Andrew Hallam Part 2 Mar 2nd

Learn, save, invest and prosper with My Own Advisor. I’ve been a fan of Andrew’s for a long time.  I continue to follow his blog and his book Millionaire Teacher continues to shape how I invest.  I recently got a chance to catch up with Andrew to get his thoughts about the current state of the.... More »
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Making sense of the markets this week: October 4, 2021 Oct 1st

Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.  Will the energy crunch turn into an energy crisis?   The energy story is dominating headlines these days, described as a crunch or even an energy crisis .... More »

Lowe’s forecasts 2017 sales ahead of estimates; shares rise + MORE Mar 1st

Home improvement retailer’s quarterly earnings climb to $663-million, from $11-million, a year earlier .... More »

Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars - CBC.ca Mar 16th

Canada, Ontario commit millions for Honda plant upgrades to manufacture hybrid cars  CBC.caHonda plans $1.38-billion plant upgrade in Ontario  The Globe and MailHonda Canada to upgrade Ontario plant with help from Feds, province  Yahoo Canada FinanceLILLEY: Honda's inve.... More »
Despite slashing costs across the board, state oil producer has so far maintained its dividend, and it may actually consider raising the payout

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There are almost too many data points to pull out of Alphabet Inc.’s fourth-quarter earnings report that might help explain the stock’s subsequent rise

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DETROIT – Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found that dealers were marking up interest rates on loans to minority buyers between 2011 and 2016. Under the settlement, Toyota will cap the amount dealers can mark up a loan.
Toyota Motor Credit is the nation’s largest captive auto lender. The company denies wrongdoing and said it didn’t know the race of credit applicants, but agreed to the settlement because it was fair to customers and dealers.
Toyota is the latest auto lender to settle a discrimination case. Ally Financial and Honda’s U.S. finance arm have reached similar settlements.
The post Toyota Credit settles US discrimination allegations appeared first on Canadian Business – Your Source For Business News.

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Funding solvency drops as bond yields fall and investment portfolios post losses

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Learn, save, invest and prosper with My Own Advisor.
As customer expectations change, looks like the financial industry is trying to keep pace.  Recently TD Asset Management decided to launch its own suite of Exchange Traded Funds (ETFs).  This makes TD the third “big bank” player to provide its own suite of ETFs, following Royal Bank (RY) and Bank of Montreal (BMO).  I recall this is the second time TD has tried to launch its own suite of ETFs, the first time was a failure due to lagging growth – how times quickly change.
Also in the news BMO Wealth Management group is launching SmartFolio, a new personalized portfolio management service.  I suspect this initiative is in response to and to compete with other blended approaches to manage investor portfolios such as those provided by robo-advisors like Wealthsimple and Nest Wealth, among others.  You can check out my overview of Wealthsimple including my interview with CEO Michael Katchen here.  Staying with Wealthsimple for a moment, it recently acquired boomer-oriented ShareOwner…

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