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TFSA contribution room calculator + MORE Apr 8th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
Here’s what Kanye West would need to do to run for U.S. president - Global News + MORE Jul 5th
Here’s what Kanye West would need to do to run for U.S. president Global NewsRapper Kanye West takes to Twitter to announce U.S. presidential bid CBC.caKanye West Tweets He's Running For President In 2020 | Sunday TODAY TODAY'Imagine World Where Kim Kardashian Is F.... More »
Investing Beyond the Numbers: Understanding financial flashpoints + MORE Mar 9th
Have you ever wondered why you have a particular attitude or belief toward money? Some of your past experiences with money shape your financial beliefs, which ultimately influence your financial decisions. These pivotal moments, known as “financial flashpoints,” can make a profound impact on how.... More »
National Bank error exposed personal information of customers online + MORE Sep 21st
National Bank of Canada says a website error may have exposed the personal information of nearly 400 of its customers, including their names, birthdates, phone number and email address.
The Canadian lender says in a statement the problem related to an electronic form on its website and did not expos.... More »
Vatican bank: now ‘impossible’ to launder money here + MORE May 12th
VATICAN CITY – The head of the Vatican’s scandal-marred bank declared Thursday it’s now “impossible to launder money” there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion.
Jean-Baptiste Douville de Franssu made the claim as t.... More »
Shave $9,092.21 off the cost of love
– moneysense.ca
Turns out, love does have a price—and it’s $61,821.60, according to the fourth annual Cost of Love study from RateSupermarket.ca.
Why $61,821.60? To come up with this rather precise number, the mortgage rate comparison site tallied up all the financial outlays associated with a one-year courtship period, one-year engagement and the average Canadian wedding. Baked into their calculations are various assumptions: Among other things, a prosperous and successful romance must include one beach vacation (with an average cost of $3,523), two weekend getaways (with an average cost of $625.75 ) and exactly 12 fancy dates (with an average cost of $277.54).
Want an easy way to shave $9,092.21 to $10,889.42 off of this formidable expense? Skip your fancy plans for Valentine’s Day and invest that money in a tax-sheltered savings vehicle like a TFSA or RESP.
Keep on reading, I’ll show you how it all works.
Putting a price on romance
RateSupermarket defines a “fancy” $277…
Why $61,821.60? To come up with this rather precise number, the mortgage rate comparison site tallied up all the financial outlays associated with a one-year courtship period, one-year engagement and the average Canadian wedding. Baked into their calculations are various assumptions: Among other things, a prosperous and successful romance must include one beach vacation (with an average cost of $3,523), two weekend getaways (with an average cost of $625.75 ) and exactly 12 fancy dates (with an average cost of $277.54).
Want an easy way to shave $9,092.21 to $10,889.42 off of this formidable expense? Skip your fancy plans for Valentine’s Day and invest that money in a tax-sheltered savings vehicle like a TFSA or RESP.
Keep on reading, I’ll show you how it all works.
Putting a price on romance
RateSupermarket defines a “fancy” $277…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,087.44, down 98.28 points):
B2Gold Corp. (TSX:BTO). Miner. Up 18 cents, or 14.52 per cent, to $1.42 on 18.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 31 cents, or 9.17 per cent, to $3.69 on 16.6 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 49 cents, or 13.69 per cent, to $4.07 on 16.2 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance, financial Services. Down $1.47, or 8.49 per cent, to $15.84 on 14.8 million shares. Manulife Financial Corp. saw a 62 per cent drop in fourth-quarter profit, largely from losses in its oil and gas investments. The Toronto-based company reported net income of $246 million or 11 cents a share for the three-month period ended Dec. 31.
Lake Shore Gold Corp. (TSX:LSG). Miner. Up 17 cents, or 11.11 per cent, to $1.70 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 59 cents, or 3.66 per cent, to $16.70 on 10…
Toronto Stock Exchange (12,087.44, down 98.28 points):
B2Gold Corp. (TSX:BTO). Miner. Up 18 cents, or 14.52 per cent, to $1.42 on 18.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 31 cents, or 9.17 per cent, to $3.69 on 16.6 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 49 cents, or 13.69 per cent, to $4.07 on 16.2 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance, financial Services. Down $1.47, or 8.49 per cent, to $15.84 on 14.8 million shares. Manulife Financial Corp. saw a 62 per cent drop in fourth-quarter profit, largely from losses in its oil and gas investments. The Toronto-based company reported net income of $246 million or 11 cents a share for the three-month period ended Dec. 31.
Lake Shore Gold Corp. (TSX:LSG). Miner. Up 17 cents, or 11.11 per cent, to $1.70 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 59 cents, or 3.66 per cent, to $16.70 on 10…
Jennifer Dowty: What to do with your RRSP contributions amid this violent selloff
– theglobeandmail.com
Three key things that need resolving before investors can feel better about markets
At midday: TSX falls on global growth concerns – The Globe and Mail
– news.google.ca
The Globe and MailAt midday: TSX falls on global growth concernsThe Globe and MailCanada's main stock index fell over 1 per cent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. The most influential weight on the index was Manulife …Manulife Financial Corp profit slides 62% as energy investments take a hit: 'A disappointing year'Financial PostLosses in oil and gas sector bite into Manulife's fourth-quarter earningsThe ProvinceCANADA STOCKS-TSX falls as results from Manulife, others disappointReutersMotley Fool -Reuters Canadaall 72 news articles »
Interest rates remain low because we need more borrowers
– moneysense.ca
According to a new a report by the Fraser Institute, global interest rates are persistently so very low because there’s not enough borrowers in the world.
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
