The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Federal public service asked to consider return to remote work - CBC.ca + MORE Dec 16th
Federal public service asked to consider return to remote work CBC.caCIBC, National Bank ask employees to work remotely as Omicron worries grow CTV NewsBank of Montreal Asks Investment Bankers to Work From Home BloombergHeading back to the office? Not so fast. Many o.... More »
Vancouver home sales fell 38.8% last month, real estate board says - Calgary Herald + MORE Nov 2nd
Calgary HeraldVancouver home sales fell 38.8% last month, real estate board saysCalgary HeraldThe Real Estate Board of Greater Vancouver says home sales fell 38.8 per cent last month compared to October 2015. JONATHAN HAYWARD / Vancouver Sun. ShareAdjustCommentPrint. Home sales plunged 38.8 per cent.... 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 »
U.N.'s Special Envoy to Syria Calling It Quits Oct 18th
Staffan de Mistura was the longest-serving of three diplomats trying to broker an end to the civil war that has devastated the Mideast nation since 2011..... More »
Global policymakers seek to reassure after market turbulence Jan 23rd
DAVOS, Switzerland – At the end of another turbulent week in financial markets, leading global policymakers sought Saturday to ease concerns over the economic outlook for 2016 and insisted that the slowdown in China is a natural turn for an economy in transition.
A high-level panel of finance .... More »
Top of the Morning
The Globe and Mail’s Tim Kiladze writes that push by the Office of the Superintendent of Financial Institutions (OSFI) to have banks adhere to certain “broadly stated principles” might leave financial institutions yearning for strict, but specific, rules:
I can imagine that this gave the directors of financial institutions hives: here are some big ideas and suggestive words, and we will fine you if your interpretation of these words differs from ours. As a director charged with increasing responsibility in supervising financial institutions, freedom and control are good things, but clear rules are nice as well…
Principles tend to be flexible and consistent with policy purposes, while formal compliance with a set of rules doesn’t necessarily mean that you’re not going to engage in the harm that the rule was intended to prevent – take Enron and its rule-compliant “special purposes entities” that nonetheless obscured the true financial condition of the company…
Income in retirement: How much will you make?
– moneysense.ca
How we came up with the grades
Canada's 100 best dividend stocks
Retirement 100 all-stars
How much will you make in retirement?
This year we decided to look at how our retirement income expectations change as we age. As you can see below, the 2014 BlackRock Investor Pulse study found that Canadians in their 20s and early 30s feel confident and in control, expecting a plush retirement income of almost $95,000 a year. But as we enter our late 30s and early 40s, reality hits and our confidence plummets—as does our expected income. Luckily, in our 50s and 60s some of that confidence returns, even though our income will be much less than we thought.
Source: BlackRock Investor Pulse study 2014, September 2014
The post Income in retirement: How much will you make? appeared first on MoneySense.
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
For investors seeking dividends, it’s finally safe to return to the U.S. financial sector
– canadianbusiness.com
Tired of relying on Canadian REITs and utilities for income? Try U.S. banks. (Brendan McDermid/Reuters)The financial sector is a natural place to look for yield in the Canadian equity market. Not so south of the border. It has to do with recent history: Between Sept. 15, 2008, the day investment bank Lehman Bros. filed for Chapter 11, and March 6, 2009, when the market bottomed out, the S&P 500 financial sub-index fell by a stunning 68%. Shareholders didn’t just rack up the capital losses, though. Over the same period, the average U.S. bank dividend was slashed by 72%.
The sector has since recovered—stock prices are up 283% from that 2009 nadir—yet dividends remain depressed. Between 2004 and 2007, U.S. financials accounted for about 30% of all the dividends paid on the S&P 500. That fell to 9% in 2009 and has climbed back to nearly 15% today. While some banks, such as Wells Fargo, are paying more per share than they were before the recession, others, like Citigroup, haven’t increased dividends at all…
Jim Can, a Canadian businessman wanted as part of a major U.S. investigation involving stock fraud and money laundering in Belize, has a controversial past in Canada, including an admission he was present during a violent kidnapping of a Calgary businessman.
