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The best 5-year variable mortgage rates in Canada + MORE May 1st
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The best 5-year variable mortgage rates in Canada
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Financial literacy for seniors Nov 17th
Age has long been associated with wisdom. And while scientific studies offer conflicting results about the correlation between aging and wisdom, we all know people older than us who seem to have all the right answers—as well as some who start to show signs of cognitive impairment as they age.
My.... More »
Old-school financial advice that no longer applies Feb 12th
Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world.
As younger Canadians continue to fac.... More »
Floor collapses at stock exchange in Indonesia, injuring dozens - The Guardian + MORE Jan 15th
The GuardianFloor collapses at stock exchange in Indonesia, injuring dozensThe GuardianA floor at Indonesia's stock exchange has collapsed into the building's lobby, injuring at least 50 people. Part of the floor on the first level gave way, sending debris crashing on to the ground level, .... More »
Warning to caregivers: Expect a scavenger hunt Feb 24th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
Judges orders Tom Benson’s daughter trustee of an estate
– canadianbusiness.com
SAN ANTONIO – A Texas judge on Friday ordered the replacement of Tom Benson, owner of the New Orleans Saints and Pelicans, by his estranged daughter as trustee of a Benson family estate trust worth almost $1 billion.
Bexar County Probate Judge Tom Rickhoff ruled that Benson’s estranged daughter, Renee Benson, control the 1980 Shirley Benson Testamentary Trust, the San Antonio Express-News (http://bit.ly/1Qr0Xbj ) reported. The trust was created in 1980 upon the death of Shirley Benson to oversee the assets of Tom Benson’s late first wife and Renee Benson’s mother.
Renee Benson and her two children sued her father in January 2015, challenging the 88-year-old San Antonio businessman’s competency to take control of the estate away from her. She argued he was being manipulated by his present wife Gayle Benson.
The trust assets include Lone Star Capital Bank in San Antonio, about half interest in Tom Benson’s five auto dealerships, a stake in the large Benson ranch near Johnson City, a multimillion-dollar Lake Tahoe home, a private plane, cash and other real estate…
Bexar County Probate Judge Tom Rickhoff ruled that Benson’s estranged daughter, Renee Benson, control the 1980 Shirley Benson Testamentary Trust, the San Antonio Express-News (http://bit.ly/1Qr0Xbj ) reported. The trust was created in 1980 upon the death of Shirley Benson to oversee the assets of Tom Benson’s late first wife and Renee Benson’s mother.
Renee Benson and her two children sued her father in January 2015, challenging the 88-year-old San Antonio businessman’s competency to take control of the estate away from her. She argued he was being manipulated by his present wife Gayle Benson.
The trust assets include Lone Star Capital Bank in San Antonio, about half interest in Tom Benson’s five auto dealerships, a stake in the large Benson ranch near Johnson City, a multimillion-dollar Lake Tahoe home, a private plane, cash and other real estate…
TFSA or RRSP? The answer goes beyond tax rates
– moneysense.ca
At this time of year, most advisors get asked if it is better to invest in a TFSA or an RRSP.I was asked that exact question at a recent speed networking event. I had just introduced myself as a financial planner to a man in his mid-40s and before I could ask him what he did, he blurted out, “So which is better, TFSA or RRSP?”
I paused for a moment, and then said, “For you, a TFSA is the better choice.” He stared for a full five seconds — a long time in a speed networking session — and then asked, “Why do you say that?”
“Because you don’t have a financial plan,” I answered. “If you did, you wouldn’t need to ask me which one is better.” Before he could say anything else, the bell rang and it was time to move to the next person.
Read: What new tax brackets mean for you
So, which one is better?
Conventional wisdom says if your tax rate when you invest the money is higher than when you take it out, you’re better off within an RRSP. If your tax rate will be higher when you take the money out compared to when you save it, then you’re better off with a TFSA…
Dream Office REIT shifts gears amid 'messed-up time' for office sector
– theglobeandmail.com
The real estate investment trust announced plans to slash its distribution by one-third, top up its credit facility to $800-million and unload at least $1.2-billion worth of properties over the next three years
Nordstrom, Southwestern Energy skid; Applied Materials jumps
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Nordstrom Inc., down $3.55 to $49.17
The department store chain said its sales were weaker than it expected and its profits were eroded by big discounts.
Deere & Co., down $3.33 to $77
The company lowered its sales forecast for the year as demand for farm and construction equipment remained weak.
Boston Beer Co., down $3.41 to $181.02
Quarterly sales at the maker of Samuel Adams beer disappointed investors.
V.F. Corp., down $2.70 to $58.55
Profit and sales at the company behind brands such as Vans and Timberland fell far short of expectations.
WageWorks Inc., up $1.87 to $43.93
The provider of health, commuter and other employee benefits reported stronger-than-expected results.
Southwestern Energy Co., down $1.40 to $7.09
The oil and gas company tumbled as energy prices retreated after a recent rally.
Nasdaq
Applied Materials Inc., up $1.21 to $18…
NYSE
Nordstrom Inc., down $3.55 to $49.17
The department store chain said its sales were weaker than it expected and its profits were eroded by big discounts.
Deere & Co., down $3.33 to $77
The company lowered its sales forecast for the year as demand for farm and construction equipment remained weak.
Boston Beer Co., down $3.41 to $181.02
Quarterly sales at the maker of Samuel Adams beer disappointed investors.
V.F. Corp., down $2.70 to $58.55
Profit and sales at the company behind brands such as Vans and Timberland fell far short of expectations.
WageWorks Inc., up $1.87 to $43.93
The provider of health, commuter and other employee benefits reported stronger-than-expected results.
Southwestern Energy Co., down $1.40 to $7.09
The oil and gas company tumbled as energy prices retreated after a recent rally.
Nasdaq
Applied Materials Inc., up $1.21 to $18…
China’s top securities regulator steps down
– canadianbusiness.com
BEIJING, China – China’s top securities regulator Xiao Gang will step down following months of turmoil in the Chinese stock markets, the state-run news agency said Saturday.
Xiao, a legal expert who has had decades of experience in the finance sector, was appointed to the position in March 2013. Since last summer, the composite index of the Shanghai stock market has fallen sharply from a high of more than 5,100 points, prompting calls for him to step down. The market closed at 2,860 on Friday.
The official Xinhua News Agency said Xiao would be replaced by Liu Shiyu, chairman of the Agriculture Bank of China.
Liu was trained in engineering at the prestigious Tsinghua University but has started a career in the state banking sector since the late 1980s. Liu served as the deputy governor of the People’s Bank of China from 2006 to 2016.
The post China’s top securities regulator steps down appeared first on Canadian Business – Your Source For Business News.
Xiao, a legal expert who has had decades of experience in the finance sector, was appointed to the position in March 2013. Since last summer, the composite index of the Shanghai stock market has fallen sharply from a high of more than 5,100 points, prompting calls for him to step down. The market closed at 2,860 on Friday.
The official Xinhua News Agency said Xiao would be replaced by Liu Shiyu, chairman of the Agriculture Bank of China.
Liu was trained in engineering at the prestigious Tsinghua University but has started a career in the state banking sector since the late 1980s. Liu served as the deputy governor of the People’s Bank of China from 2006 to 2016.
The post China’s top securities regulator steps down appeared first on Canadian Business – Your Source For Business News.
