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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Bitcoin, marijuana stock crazes take root in Canada’s Wild West Dec 22nd
Low bar lends itself to stock promotion, murky disclosure
.... More »
Should retirees in their early 70s partly annuitize? Jun 22nd
If you’re nearing the age when you have to wind up your registered retirement savings plan (RRSP), it’s a natural time to consider annuitizing, at least partly, if you haven’t yet done so. Canadians are required to close their RRSPs at the end of the year they turn 71. Since cashing out and pa.... More »
Toronto home sales drop 40% compared with a year ago + MORE Aug 3rd
The Toronto Real Estate Board says home sales tanked 40.4 per cent last month compared with July 2016..... More »
Volunteering in times of financial hardship can seem impossible. Here's how to balance giving back with your own finances Apr 20th
With a global trade war escalating at a time when many were already facing a cost of living crisis, people who want to give their time are having to make "tough" decisions..... More »
Ecosystem Plays Continue To Dominate ($GOOG, $AMZN, $AAPL, $FB, $MSFT) + MORE Apr 28th
For years I feel like I’ve been discussing the “ecosystem play” and I certainly wish I had been able to buy an ETF that held all those plays. In this 2013 post, I didn’t include Microsoft but started including it in 2014 as it became clear it would successfully adapt to this.... More »
At midday: TSX falls as energy stocks tumble – The Globe and Mail
– news.google.ca
The Globe and MailAt midday: TSX falls as energy stocks tumbleThe Globe and MailThe rout in Canadian energy producers worsened on Wednesday amid concern the global supply glut will persist, sending the nation's benchmark stock index to a third day of losses. Energy stocks tumbled to an April 2009 low and a seventh day of losses …North American markets fall, TSX has triple-digit decline; loonie downVancouver SunCANADA STOCKS-TSX drops 1 percent, squeezed by financial, energy lossesReutersCanadian dollar down, index futures negative ahead of North American market openThe Chronicle Journalall 162 news articles »
6 mistakes new condo investors make
– moneysense.ca
Mistake #1: Condo investors trust the floor plan
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square feet after all. The condo was actually 560 square feet—if you don’t count the balcony and bathroom.
“That’s not unusual,” says Martin Rumack, a real estate lawyer with over three decades experience in new build construction. “Condo sales staff will often include balcony or terrace measurements as part of the total square footage.” They’ll also base room measurements on external walls. “You can’t rely on their verbal assurances, on the floor models, or on the sale pitch or brochure.”
While listings for resale homes and condos can not include hallway, bathroom, basement or outside space (such as decks and balconies) as part of the listed square footage, no similar restrictions apply to new build or pre-sale condo listings…
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square feet after all. The condo was actually 560 square feet—if you don’t count the balcony and bathroom.
“That’s not unusual,” says Martin Rumack, a real estate lawyer with over three decades experience in new build construction. “Condo sales staff will often include balcony or terrace measurements as part of the total square footage.” They’ll also base room measurements on external walls. “You can’t rely on their verbal assurances, on the floor models, or on the sale pitch or brochure.”
While listings for resale homes and condos can not include hallway, bathroom, basement or outside space (such as decks and balconies) as part of the listed square footage, no similar restrictions apply to new build or pre-sale condo listings…
Target boosts profit outlook as turnaround gains traction
– theglobeandmail.com
Rosier forecast comes as U.S. retailer posts sharply higher second-quarter earnings
Canadian Solar stock plunges as spinoff plan wavers
– theglobeandmail.com
CFO says company has ‘alternative plans’ to dividend-paying ‘yieldco’ because of volatility around valuations
Manitoba credit unions hope second run at merging will be money in the bank
– canadianbusiness.com
WINNIPEG – Another attempt will be made next month to create what is being touted as the largest credit union in Manitoba and the sixth largest in Canada.
Members of the Assiniboine and Access credit unions will cast ballots in a second vote on whether the financial institutions should merge.
The first attempt on April 22 saw Assiniboine members vote 95 per cent in favour, but the vote by Access members fell just short of the 66.7 per cent margin needed to pass the resolution.
Access says in a release that the results surprised many of its members, who immediately called on their board to try again.
The question will be put to Access members on Sept. 16 and those with Assiniboine five days later.
Nearly 155,000 members from both credit unions are eligible to cast ballots.
Assiniboine has 20 branches in Winnipeg, while Access has outlets in the communities of Winkler, Altona, Carman, Vita, Oak Bluff and Miami. (CJOB, The Canadian Press)
The post Manitoba credit unions hope second run at merging will be money in the bank appeared first on Canadian Business – Your Source For Business News.
Members of the Assiniboine and Access credit unions will cast ballots in a second vote on whether the financial institutions should merge.
The first attempt on April 22 saw Assiniboine members vote 95 per cent in favour, but the vote by Access members fell just short of the 66.7 per cent margin needed to pass the resolution.
Access says in a release that the results surprised many of its members, who immediately called on their board to try again.
The question will be put to Access members on Sept. 16 and those with Assiniboine five days later.
Nearly 155,000 members from both credit unions are eligible to cast ballots.
Assiniboine has 20 branches in Winnipeg, while Access has outlets in the communities of Winkler, Altona, Carman, Vita, Oak Bluff and Miami. (CJOB, The Canadian Press)
The post Manitoba credit unions hope second run at merging will be money in the bank appeared first on Canadian Business – Your Source For Business News.
