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Latest News
A tax guide for Canadians with disabilities May 3rd
It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »
Why homeownership isn’t guaranteeing financial security for seniors Apr 1st
There’s a common belief that homeownership guarantees financial security, but a new study from the University of Calgary challenges that idea. The March 2025 Social Policy Trends study surveyed 715 Albertan seniors—both homeowners and renters—about their financial situations.
While the stud.... More »
How credit card interest works Jun 17th
If you’ve ever carried a balance on your credit card, you’ve seen interest charges appear on your bill. You’ve likely heard it before, but the best practice is to pay off your credit card on time and in full, every month, to avoid interest charges. That said, many Canadians do carry a balance,.... More »
Britain ready to confront expected Brexit volatility, treasury chief says + MORE Jun 27th
Treasury chief George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the economy was about as strong as it could be to cope with the challenge ahead..... More »
RRSP facts and guidance for 2017 + MORE Feb 19th
Save, invest, prosper with My Own Advisor.
The “RRSP season” is now in full swing but it’s important to know the ins and outs of this tax-deferred plan in order to optimize the use of this account for your financial situation. You’ll notice I didn’t write “time to buy RRSPs”. You d.... More »
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.
Bank of America board elects CEO Brian Moynihan chairman
– canadianbusiness.com
CHARLOTTE, N.C. – Bank of America Chief Executive Brian Moynihan has been named chairman, effective immediately.
The lender said Wednesday that its board of directors elected Moynihan to succeed Charles “Chad” Holiday Jr.
Moynihan has been CEO of the Charlotte, North Carolina-based bank since January 2010.
Like its competitors, Bank of America is still dealing with the fallout from the financial crisis that began in 2007 and the subsequent collapse of the housing market. In August, it agreed to pay a record $16.65 billion settlement for its role in selling shoddy mortgage bonds.
Litigation costs have crimped its earnings this year. Net income after paying preferred dividends is down 67 per cent through the first six months of this year versus the same stretch of 2013.
Jack Bovender Jr., who has held a seat on the board since 2002, will become the company’s lead independent director. He has previously served as chairman and chief executive of hospital operator HCA…
The lender said Wednesday that its board of directors elected Moynihan to succeed Charles “Chad” Holiday Jr.
Moynihan has been CEO of the Charlotte, North Carolina-based bank since January 2010.
Like its competitors, Bank of America is still dealing with the fallout from the financial crisis that began in 2007 and the subsequent collapse of the housing market. In August, it agreed to pay a record $16.65 billion settlement for its role in selling shoddy mortgage bonds.
Litigation costs have crimped its earnings this year. Net income after paying preferred dividends is down 67 per cent through the first six months of this year versus the same stretch of 2013.
Jack Bovender Jr., who has held a seat on the board since 2002, will become the company’s lead independent director. He has previously served as chairman and chief executive of hospital operator HCA…
Australian universities climb Times world rankings, while US and UK lose ground – Sydney Morning Herald
– news.google.ca
Sydney Morning HeraldAustralian universities climb Times world rankings, while US and UK lose groundSydney Morning HeraldLike SMH Student on Facebook · SMH Education: full coverage. Australia's universities have climbed up the world rankings, with almost every top institution improving its standing on last year. But there are fears Australia's impressive performance could be …McGill drops in latest university rankingsMontreal GazetteMelbourne University is Australia's best in The Times Higher Education World …Herald SunUniversity of Ottawa in top 200 worldwide rankings580 CFRA RadioYahoo News UK -The Australian Financial Review -Telegraph.co.ukall 91 news articles »
Canadian Pacific sets out plans to double earnings, grow revenue to $10B in 2018
– canadianbusiness.com
CALGARY – Canadian Pacific Railway Ltd. says it can double its profits and drive its revenues to $10 billion over the next four years.
CEO Hunter Harrison kicked off a two-day investor event in White Plains, N.Y., on Wednesday by unveiling the Calgary-based railway’s goals to 2018, when it’s likely the veteran railroader will have retired from the top job.
CP is aiming at a two-fold increase in earnings per share between this year and 2018. In releasing its 2013 results in January, the company said it aimed to bring in profits of at least $8.35 per share in 2014, 30 per cent higher than last year’s bottom line, excluding “significant items.”
Canadian Pacific says it also plans to grow its annual revenue to $10 billion in that time frame. It posted $6.1 billion of revenue in 2013.
Cash flow before dividends is targeted to be $6 billion through 2018.
“This is not a stretch. This is not something that cannot be achieved and accomplished,” said Harrison…
CEO Hunter Harrison kicked off a two-day investor event in White Plains, N.Y., on Wednesday by unveiling the Calgary-based railway’s goals to 2018, when it’s likely the veteran railroader will have retired from the top job.
CP is aiming at a two-fold increase in earnings per share between this year and 2018. In releasing its 2013 results in January, the company said it aimed to bring in profits of at least $8.35 per share in 2014, 30 per cent higher than last year’s bottom line, excluding “significant items.”
Canadian Pacific says it also plans to grow its annual revenue to $10 billion in that time frame. It posted $6.1 billion of revenue in 2013.
Cash flow before dividends is targeted to be $6 billion through 2018.
“This is not a stretch. This is not something that cannot be achieved and accomplished,” said Harrison…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
