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It’s probably time you switched banks—4 easy steps for Canadians + MORE Jun 28th
When you opened your first bank account, chances are it was with the same financial institution your parents used—because, why not? And given how loyal Canadians are to their banks, there’s a good chance you’re still banking with the same institution. In fact, 70% of Canadians held the sa.... More »
What should I do with physical share certificates? + MORE Oct 21st
A MoneySense reader writes:
When my spouse was a kid, his dad gave him a few physical share certificates of BCE. But this was a long time ago, and he didn’t do anything with them. In fact, he didn’t even know where the actual certificates were.
Recently, he came across the actual sha.... More »
Visa, Amazon, Starbucks, Biogen and Pandora are big market movers + MORE Jul 24th
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Visa Inc., up $3.05 to $74.80
The payment processing company’s third-quarter profit jumped 25 per cent, helped by a double-digit rise in activity on .... More »
Toronto stock index advances on energy as the price of oil nears US$50 + MORE Aug 2nd
Canada’s main stock index advanced Wednesday, led primarily by gains from oil and gas producers as the price of crude edged back closer to the US$50 mark.
The S&P/TSX composite index was up by 63.53 points to 15,265.63, with the energy sector among key advancers.
The September crude oil c.... More »
The fallacy of a “stock-picker’s market” + MORE Oct 29th
Investors might find this hard to believe, but there is no such thing as a “stock-picker’s market.” When one stocker-picker “wins,” the investor on the other side of the trade “loses” by an identical amount. It’s a basic concept that many in the financial services sector have.... More »
Mischa Barton joins long line of child stars sparring with parents over entertainment earnings
– canadianbusiness.com
LOS ANGELES, Calif. – It’s a story almost as old as Hollywood — stars taking their parents to court over money they earned as child actors that was pilfered or mismanaged.
A lawsuit Mischa Barton filed against her mother Tuesday is the latest example of a child star sparring with their parent-turned-manager. The actress who rose to fame on Fox’s teen drama “The O.C.” claims her mother stole money from her and kicked her out of a $7.8 million home bought with her acting proceeds.
The lawsuit links Barton to previous generations of young performers who claimed their parents squandered the fruits of their early careers.
___
GARY COLEMAN
The “Diff’rent Strokes” star fought with his parents and an ex-manager for four years over money he made on the popular comedy series.
In 1993, a judge ruled Coleman should be awarded nearly $1.3 million from the trio after the actor claimed they skimmed his earnings from the show, which ran from 1978 to 1986…
A lawsuit Mischa Barton filed against her mother Tuesday is the latest example of a child star sparring with their parent-turned-manager. The actress who rose to fame on Fox’s teen drama “The O.C.” claims her mother stole money from her and kicked her out of a $7.8 million home bought with her acting proceeds.
The lawsuit links Barton to previous generations of young performers who claimed their parents squandered the fruits of their early careers.
___
GARY COLEMAN
The “Diff’rent Strokes” star fought with his parents and an ex-manager for four years over money he made on the popular comedy series.
In 1993, a judge ruled Coleman should be awarded nearly $1.3 million from the trio after the actor claimed they skimmed his earnings from the show, which ran from 1978 to 1986…
40 days – 2.75%
– ratesupermarket.ca
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.
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Canadian taxpayers lose $3.5-billion on 2009 bailout of auto firms
– theglobeandmail.com
The federal government’s sale of the remaining 73.389 million common shares it held in GM will close the book on the investment in that company and Chrysler
Higher mortgage insurance premiums could hurt first-time buyers
– moneysense.ca
(Getty Images/Tom Merton)TORONTO – Some realtors and economists say higher mortgage insurance premiums introduced recently by Genworth Canada and CMHC could cause first-time homebuyers to delay their purchases.
“It’s certainly going to bite into first-time, low-equity homebuyer sales,” said Helmut Pastrick, chief economist with Central 1 Credit Union.
“I don’t expect a major impact on housing sales activity as a result of this change, but at the margin, it will slow first-time buyer sales to some extent.”
Canada Mortgage and Housing Corp. announced last week that insurance premiums for buyers who have a downpayment of 10 per cent or less will go up by 15 per cent starting June 1. Genworth matched the move on Monday with an identical increase.
Canada Guaranty, the third mortgage insurance provider in the country, has yet to announce a boost to its premiums.
Both CMHC and Genworth said they don’t expect the changes to have any significant impacts on housing demand.
But Ron Hollet, a Halifax-based broker with Re/Max Nova, says he expects the changes will force a number of first-time buyers out of the market…
