How to go about securing the best return for your investment in Canada.
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How to get your financial swagger back in five easy steps + MORE Feb 14th
Simple acts of financial self-care go a long way toward improving your money mindset and confidence..... More »
Is Selling Your Home: A Smart Decision for Retirement? Jan 7th
For many people, owning a mortgage-free home in retirement can be a financially smart decision, as it allows them to keep their expenses low by only having to worry about property taxes, maintenance, utilities, and insurance. However, if your home is particularly valuable or no longer fits your n.... More »
Manulife says its banking unit was penalized by Fintrac for ‘administrative lapses’ + MORE Feb 27th
Manulife Financial Corp. confirmed Monday its banking unit was penalized last year after Canada’s money-laundering watchdog concluded it failed to report a suspicious transaction and various money transfers.
Last year, Fintrac fined the bank $1.15 million, but it withheld the bank’s iden.... More »
How credit card interest works Jun 17th
If you’ve ever carried a balance on your credit card, you’ve seen interest charges appear on your bill. You’ve likely heard it before, but the best practice is to pay off your credit card on time and in full, every month, to avoid interest charges. That said, many Canadians do carry a balance,.... More »
How your tax bracket decides whether a TFSA or RRSP contribution is best + MORE Feb 25th
I was a bit surprised to learn recently that TFSAs had just ‘turned ten’. It seems like just yesterday that I was answering questions from the media about how these newfangled government-sponsored programs might change the landscape for investing in general and retirement planning in particul.... More »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Focus is on expansion and TV as BCE, Telus report earnings
– theglobeandmail.com
Montreal-based Quebecor Inc. reported last Thursday and faced a barrage of questions from industry analysts on its possible wireless expansion outside of Quebec
Rating agency S&P finds wealth gap is contributing to a slower US recovery
– canadianbusiness.com
WASHINGTON – Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession.
Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.
Economic disparities appear to be reaching extremes that “need to be watched because they’re damaging to growth,” said Beth Ann Bovino, chief U.S. economist at S&P.
The rising concentration of income among the top 1 per cent of earners has contributed to S&P’s cutting its growth estimates for the economy. In part because of the disparity, it estimates that the economy will grow at a 2.5 per cent annual pace in the next decade, down from a forecast five years ago of a 2.8 per cent rate.
The S&P report advises against using the tax code to try to narrow the gap…
Now, an analysis by the rating agency Standard & Poor’s lends its weight to the argument: The widening gap between the wealthiest Americans and everyone else has made the economy more prone to boom-bust cycles and slowed the 5-year-old recovery from the recession.
Economic disparities appear to be reaching extremes that “need to be watched because they’re damaging to growth,” said Beth Ann Bovino, chief U.S. economist at S&P.
The rising concentration of income among the top 1 per cent of earners has contributed to S&P’s cutting its growth estimates for the economy. In part because of the disparity, it estimates that the economy will grow at a 2.5 per cent annual pace in the next decade, down from a forecast five years ago of a 2.8 per cent rate.
The S&P report advises against using the tax code to try to narrow the gap…
American International Group to pay $960M to settle shareholder lawsuits; 2Q profit up 13 pct
– canadianbusiness.com
NEW YORK, N.Y. – American International Group Inc. said Monday it has agreed to pay $960 million to settle shareholder claims that the company misled investors.
The settlement stems from several class-action lawsuits claiming that AIG executives gave false and misleading information about the insurer’s health, including its exposure to the risky home loans that triggered the mortgage crisis.
Last month, AIG and the plaintiffs accepted a mediator’s proposal to settle the consolidated lawsuits for $960 million in cash, the company said in a filing with the Securities and Exchange Commission.
The deal must still be approved by the court.
The settlement is the latest step by AIG to move beyond its troubled years following the financial crisis in 2008.
The New York company got one of the biggest bailouts of the financial crisis but subsequently repaid the money and underwent a massive restructuring, shrinking its size by more than half to focus on its core insurance business…
The settlement stems from several class-action lawsuits claiming that AIG executives gave false and misleading information about the insurer’s health, including its exposure to the risky home loans that triggered the mortgage crisis.
Last month, AIG and the plaintiffs accepted a mediator’s proposal to settle the consolidated lawsuits for $960 million in cash, the company said in a filing with the Securities and Exchange Commission.
The deal must still be approved by the court.
The settlement is the latest step by AIG to move beyond its troubled years following the financial crisis in 2008.
The New York company got one of the biggest bailouts of the financial crisis but subsequently repaid the money and underwent a massive restructuring, shrinking its size by more than half to focus on its core insurance business…
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
