How to go about securing the best return for your investment in Canada.
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Take control of your finances with these budgeting tips for young adults + MORE Nov 28th
As you start your career and earn a living, you’ll have to figure out how to manage your money on your own. It’s not uncommon to look at your bank balance and wonder where all your money went, even though you just got paid. That’s why you’ll want to create a budget.
According to an RBC p.... More »
Gluskin Sheff CEO steps down, appoints Jeff Moody as new chief + MORE Sep 19th
Veteran financial services executive Tom MacMillan is stepping down immediately
.... More »
Making sense of the markets this week: July 19 Jul 19th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Vaccine optimism gives stocks another boost
Wednesday offered some good news on the COVID-19 front. While there are dozens upon dozens of groups working on vaccines, AstraZe.... More »
Weekend Reading – Why bother with retirement, top picks, housing bubble and more #money stuff + MORE Jul 8th
Save, invest, prosper with My Own Advisor.
Weekend Reading Welcome to another Weekend Reading edition. I hope you had a great week; a great Canada Day last weekend and to my friends state-side an enjoyable Independence Day this week. Here was my article this week in case you missed it: What should.... More »
Sikhs uneasy after Mark Carney meets with India’s Narendra Modi at G7 summit Jun 20th
Sikh groups say they remain “uneasy” after Canada and India appeared to broker a détente on the sidelines of the G7 summit following nearly two years of strained relations..... More »
Should you invest in an RRSP or a TFSA?
– canoe.ca
In a perfect world, people would have enough money to top up both their RRSP and TFSA accounts. But that’s probably not the case.
B.C. set to deliver fourth straight balanced budget
– canadianbusiness.com
VICTORIA – British Columbia’s Liberal government is set to deliver a fourth consecutive balanced budget Tuesday with sprinkles of relief expected for first-time home buyers trying to get into a red hot real estate market.
Tweaks were also signalled on medical services premiums and more cash promised for social service programs in a throne speech last week that said the government will “resist the temptation to spend our way into trouble.”
Premier Christy Clark said the budget targets affordability on several fronts, but the measures will be incremental.
“The budget, what you’ll see, is relief across the board for people in all different sectors,” she told reporters last week in Vancouver.
Clark said the government has already moved to help single-parent families with cuts to their medical premiums, but a massive overhaul or elimination of the program — called for by the Opposition New Democrats and the Green party — is not in the cards, yet…
Tweaks were also signalled on medical services premiums and more cash promised for social service programs in a throne speech last week that said the government will “resist the temptation to spend our way into trouble.”
Premier Christy Clark said the budget targets affordability on several fronts, but the measures will be incremental.
“The budget, what you’ll see, is relief across the board for people in all different sectors,” she told reporters last week in Vancouver.
Clark said the government has already moved to help single-parent families with cuts to their medical premiums, but a massive overhaul or elimination of the program — called for by the Opposition New Democrats and the Green party — is not in the cards, yet…
HSBC to keep HQ in London, decides against move to Asia
– canadianbusiness.com
LONDON – Britain’s biggest bank is staying put.
HSBC Holdings plc said it will keep its headquarters in London, ending a 10-month process in which one of the world’s largest financial companies considered moving to Hong Kong to get closer to its centre of gravity in fast-growing Asian economies.
“I think we’ve ended up with the best of both worlds,” HSBC chairman Douglas Flint told the BBC on Monday. “A pivot to Asia, led from London.”
Flint said that HSBC was, at its heart, a bank focused on trade and investment flows. Sidestepping concerns about the recent volatility in Asian markets, Flint said it had been a privilege to choose between two of the world’s great financial centres and that the decision was not based on short-term market dynamics.
“The U.K. is one of the most globally connected economies in the world with a fantastic regulatory system and legal system and immense experience in dealing with international affairs,” he said…
HSBC Holdings plc said it will keep its headquarters in London, ending a 10-month process in which one of the world’s largest financial companies considered moving to Hong Kong to get closer to its centre of gravity in fast-growing Asian economies.
“I think we’ve ended up with the best of both worlds,” HSBC chairman Douglas Flint told the BBC on Monday. “A pivot to Asia, led from London.”
Flint said that HSBC was, at its heart, a bank focused on trade and investment flows. Sidestepping concerns about the recent volatility in Asian markets, Flint said it had been a privilege to choose between two of the world’s great financial centres and that the decision was not based on short-term market dynamics.
“The U.K. is one of the most globally connected economies in the world with a fantastic regulatory system and legal system and immense experience in dealing with international affairs,” he said…
The Latest: Gold loses its shine as stocks surge
– canadianbusiness.com
LONDON – The latest on the turmoil in global financial markets (all times local):
10:45 a.m.
Gold has lost some of its recent shine as stocks have piled on gains.
That’s not an unusual development. Gold has surged in recent weeks as stock markets around the world have fallen sharply on concerns over the state of the global economy. Gold is widely considered the ultimate safe haven for investors to park their cash in times of volatility.
On Monday, as stocks surged, gold was down 2.4 per cent at $1,209 an ounce.
___
9:50 a.m.
Hopes that the fall in the Chinese currency may have run its course have helped stock markets around the world start the week on a positive note.
The main reason behind the volatility in financial markets this year has been uncertainty over the economic future of China, the world’s number 2 economy. One of the triggers behind that uncertainty centred on China’s currency, which has been weakening steadily over months.
People’s Bank of China Governor Zhou Xiaochuan appears to be trying to ease that pressure…
10:45 a.m.
Gold has lost some of its recent shine as stocks have piled on gains.
That’s not an unusual development. Gold has surged in recent weeks as stock markets around the world have fallen sharply on concerns over the state of the global economy. Gold is widely considered the ultimate safe haven for investors to park their cash in times of volatility.
On Monday, as stocks surged, gold was down 2.4 per cent at $1,209 an ounce.
___
9:50 a.m.
Hopes that the fall in the Chinese currency may have run its course have helped stock markets around the world start the week on a positive note.
The main reason behind the volatility in financial markets this year has been uncertainty over the economic future of China, the world’s number 2 economy. One of the triggers behind that uncertainty centred on China’s currency, which has been weakening steadily over months.
People’s Bank of China Governor Zhou Xiaochuan appears to be trying to ease that pressure…
