60 days – 1.55% + MORE Jan 30th

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 canadian savings bond

40 days - 2.75% + MORE Mar 24th

This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online..... More »

Cheap oil could be good for Canada, Royal Bank says + MORE Jan 5th

A new bank forecast argues the financial blows of low oil prices on the Canadian economy could be more than cancelled out by the weaker loonie and additional consumer spending on both sides of the Canada-U.S. border..... More »
 stock split

Does our young family have enough insurance? + MORE Jun 13th

Sammu (left) and Mandy Dhaliwall (far right) (Photo by Jennifer Roberts) In our April 2016 issue of MoneySense, we introduced you to Sammu and Mandy Dhaliwall, a young married couple with three kids from Brampton, Ont. They are trying to juggle RRSPs, TFSAs, paying down their $350,000 mortgage as w.... More »

Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th

Silicon Valley Bank's Toronto branch assets seized  CP24Canada's top banking regulator takes temporary control of Silicon Valley Bank's Canadian branch  CBC NewsOSFI takes control of Silicon Valley Bank's Canadian unit  The Globe and MailSVB collapse puts Fed's faith in.... More »

Labour data ‘impressive’ as Canada adds jobs for 10th straight month + MORE Oct 6th

OTTAWA _ The labour market posted a 10th-straight month of net job gains in September to match the economy’s longest monthly streak since the financial crisis almost a decade ago, Statistics Canada said Friday. The national unemployment rate stayed at a nine-year low of 6.2 per cent after Cana.... More »

90 days – 3.00%

– ratesupermarket.ca

This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-06. Click on the link above to get more details or apply online.

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MONTREAL – Osisko Mining Corp. (TSX:OSK) is suing Goldcorp (TSX:G), alleging the big Vancouver-based miner misused confidential information in making its hostile takeover bid.
Osisko, which has rejected the $2.6-billion Goldcorp offer as “opportunistic and financial inadequate,” says it has filed suit in Quebec Superior Court.
The allegations, which have not been proven, also include claims that Goldcorp acted in bad faith and in a manner contrary to applicable law.
“Accordingly, Osisko is seeking an order enjoining the hostile bid and further conduct by Goldcorp that Osisko alleges is in breach of the confidentiality agreement,” the company said in a statement Wednesday.
Osisko says it believes the Goldcorp bid threatens to deprive Osisko’s shareholders of adequate consideration for their shares without providing the company’s board with a sufficient opportunity to “properly convey the value of Osisko’s world-class assets or to develop, review and evaluate all value-enhancing alternatives…

Continue Reading On canadianbusiness.com »

60 days – 1.55%

– ratesupermarket.ca

This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.

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2014 Financial Predictions

– myownadvisor.ca

Just for kicks, because I have no idea what the future holds, I thought I’d share some financial predictions for 2014.  Here they are:

The Dow Jones Industrial Average will finish the year at 16,700.  It opened the year around 16,441.
The S&P/TSX Composite will finish the year at 14,200.  It opened the year around 13,594.
Our Canadian Dollar will finish the year at $0.90 compared to the US Dollar.  It opened the year around $0.94.

Other predictions…at some point this year:

Fortis (FTS) will increase their dividend.
Telus (T) will increase their dividend.
Walmart (WMT:US) will increase their dividend.
AT&T (T:US) will increase their dividend.
My Own Advisor will giveaway more stuff on this site.

I read here that U.S. large-cap stocks won’t see the same stellar returns as in 2013, but will still deliver 10%, predicts Bob Doll, chief equity strategist at Nuveen Asset Management LLC, with $118 billion in assets under management.
Let’s see how I compare with Mr…

Continue Reading On myownadvisor.ca »

30 days – 1.50%

– ratesupermarket.ca

This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.

Continue Reading On ratesupermarket.ca »

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