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Latest News
The return of The Wealthy Barber Nov 11th
The original version of The Wealthy Barber was released in 1989, and has since become one of the best-selling books of all-time in Canada with over 2 million copies sold. Its cultural impact rivals that of Canadian literary classics like Margaret Atwood’s The Handmaid’s Tale and L.M. Montgomeryâ.... More »
The pain trade (and how the Canadian dollar ‘never met a financial selloff it didn’t want to join’) Feb 13th
Why the currency is suffering
.... More »
3 Canadian stock to own in Feb 2022 Feb 1st
Many popular growth stocks have fallen more than 20 percent or more over the past few weeks. However, assuming a company’s business is intact, volatility over the short term could turn into long-term wealth if investors keep a level head.
If you’re trying to take advantage of this drop.... More »
 Why budgets work (and don’t) May 17th
Save, invest, prosper with My Own Advisor.
Why budgets work (and don’t) Some financial experts will argue budgets don’t work because you can’t possibly predict the future. You can’t possibly set aside an accurate amount of money for various expenses that may or may not happen. You can’.... More »
FHSA withdrawal rules and and rental property advice for a first-time home buyer Oct 11th
Ask MoneySense
Would it be beneficial to open a first-time home buyer’s savings account if I was planning on buying a property soon, say, in 2023 or 2024?
If I purchase a house and live in the basement but rent out the main floor, would that still be taxed as capital gains?
Are there any inv.... More »
2017 winners and losers: Amazon, Boeing soared; GE plunged
– canadianbusiness.com
NEW YORK _ It was a strong year for the stock market, but 2017 was a great year if you made airplanes (think Boeing), were an online juggernaut (Amazon) or built homes (KB Homes). It was a year to forget if you were an energy company (Chesapeake) made Barbie dolls (Mattel) or if you were a storied industrial conglomerate about to go on a radical slim-down program (General Electric).
The stock market had a banner year overall, but there were plenty of big winners, and big losers, among individual U.S. companies. Here’s a look at a few of them.
THE WINNERS
_ THE MIGHTY AMAZON:
Amazon’s gain of 58 per cent in 2017 was hardly shabby, but that number only begins to tell of the enormous effect the company had on the broader market. No other company struck as much fear in its rivals, or potential rivals.
Department stores and mall-based retailers continued to plunge as Americans did more of their shopping at Amazon, while other companies like Walmart raced to build up their own online offerings…
The stock market had a banner year overall, but there were plenty of big winners, and big losers, among individual U.S. companies. Here’s a look at a few of them.
THE WINNERS
_ THE MIGHTY AMAZON:
Amazon’s gain of 58 per cent in 2017 was hardly shabby, but that number only begins to tell of the enormous effect the company had on the broader market. No other company struck as much fear in its rivals, or potential rivals.
Department stores and mall-based retailers continued to plunge as Americans did more of their shopping at Amazon, while other companies like Walmart raced to build up their own online offerings…
The high cost of Canada’s increasing wealth inequality
– theglobeandmail.com
Results of a recent Statscan survey show that younger people hold fewer assets and borrow more while older people own more assets and have less debt. Further, the median wealth is substantially lower among lone-parent families and persons living alone, whose numbers have risen
Toronto Stock Exchange’s main index sets record close and intraday mark
– canadianbusiness.com
TORONTO _ Canada’s main stock index established a new record close on the first day of trading after Christmas and Boxing Day holidays.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.86 points to 16,203.13, besting the previous record set Dec. 21. It had earlier reached a record intraday high of 16,207.52.
In New York, the Dow Jones industrial average was up 28.09 points to 24,774.30. The S&P 500 index was up 2.12 points to 2,682.62 and the Nasdaq composite index rose 3.09 points to 6,939.34.
The Canadian dollar closed at an average trading price of 79.11 cents US, up 0.73 of a U.S. cent.
The February crude oil contract settled at US$59.64 per barrel, down 33 cents, and the February natural gas contract was US$2.73 per mmBTU, up 7.8 cents.
The February gold contract was up $3.90 to US$1,291.40 an ounce and the March copper contract was unchanged at US$3.28 a pound.
The post Toronto Stock Exchange’s main index sets record close and intraday mark appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 37.86 points to 16,203.13, besting the previous record set Dec. 21. It had earlier reached a record intraday high of 16,207.52.
In New York, the Dow Jones industrial average was up 28.09 points to 24,774.30. The S&P 500 index was up 2.12 points to 2,682.62 and the Nasdaq composite index rose 3.09 points to 6,939.34.
The Canadian dollar closed at an average trading price of 79.11 cents US, up 0.73 of a U.S. cent.
The February crude oil contract settled at US$59.64 per barrel, down 33 cents, and the February natural gas contract was US$2.73 per mmBTU, up 7.8 cents.
The February gold contract was up $3.90 to US$1,291.40 an ounce and the March copper contract was unchanged at US$3.28 a pound.
The post Toronto Stock Exchange’s main index sets record close and intraday mark appeared first on Canadian Business – Your Source For Business News.
Out in the cold: Sears staff, retirees live amid uncertainty as retailer closes its doors
– theglobeandmail.com
Employees and retirees wonder how a company can sell assets worth billions yet be unable to meet its pension commitments
What Canada’s financial industry fears in 2018
– theglobeandmail.com
A survey of top banks, insurance companies, pension funds and asset managers sheds light on what to expect in the new year
