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Latest News
A long trade war could mean more financial stress: Bank of Canada + MORE May 8th
The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8).
The central bank says in its latest Financial Stability Report that at the start of the year, households had, o.... More »
How to move out of your parents’ house and not go completely broke + MORE Apr 16th
For a smooth transition, writes Lesley-Anne Scorgie, set up separate banking accounts, make a budget and pay yourself first with a small investment account..... More »
Sobey families consolidate Empire voting shares into single holding company + MORE Dec 29th
STELLARTON, N.S. _ The three branches of the Sobey family that control Canada’s second-largest grocery business have decided to put all of their Class B shares of Empire Co. Ltd. into a single holding company.
The president of the new holding company, Stewart Mahoney, says the three families b.... More »
When and how should I start drawing on my retirement savings? Apr 1st
Ask MoneySense
Do you have any tips for withdrawing from an RRSP?
Some background: My spouse and I are debt-free and mortgage-free. We own our home (current value approximately $1 million). We are hesitant to downsize as this home is accessible for me.
I have approximately $650,000 in RRSPs .... More »
Can a private separation agreement be challenged? + MORE Dec 5th
Q. A private separation agreement has been signed and witnessed. Can the financial that have been divided be changed if someone wants more money afterward? Or is the private separation agreement final? – Ken B.
I am not sure what you mean by a “private” separation agreement. I would never .... More »
Does your family business have an end game?
– theglobeandmail.com
For family businesses, strategic planning really begins and ends with a single powerful question: Why are you in business? The answer to this question will affect the quality of decision making by business families, as well as the bottom line. Does the family want to secure its prosperity and sustain its wealth over generations? Without a long term plan, things fall apart.
5.5 year – 2.65%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-07. Click on the link above to get more details or apply online.
60 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
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.
Success secrets from the smart money
– moneysense.ca
(Getty Images)Difficult decisions get easier when we get advice from those whose judgment we respect. For investing decisions, I suggest taking a page from the handbook of pension fund managers.
To be sure, many institutional strategies aren’t suited to you and me, but we can all learn from the smart money. For almost eight years, Doug Cronk has used his blog (dougcronk.wordpress.com) to make that argument. Cronk has spent 25 years in money management, most recently as director of client relations for Alberta Investment Management (AIMCo), which manages more than $75 billion in institutional funds. Here are some of the success secrets he’s learned over the years.
Asset allocation is paramount. Open the annual report of any pension fund and you’ll find a pie chart displaying the portion of the fund invested in Canadian stocks, foreign stocks, bonds, real estate and other asset classes. That mix—not the specific investments you select—will have the greatest influence on a portfolio’s long-term performance…
