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Your RRSP and TFSA are your best allies in building financial security Aug 16th
If you’re over 18 and working, it’s time to start diverting some money into long-term savings to begin building financial security for your future. Pay the tax now in a TFSA, or pay the tax later in an RRSP. Even better? Contribute to both, Lesley-Anne Scorgie writes.... More »
Spring housing market heats up in Toronto, Vancouver, realtors say + MORE Mar 10th
TORONTO – Rock-bottom interest rates, a scarcity of supply and growing demand from millennials and wealthy immigrants have fuelled a strong start to the spring real estate season in Toronto and Vancouver.
“Spring has come early for both Toronto and Vancouver,” said Sal Guatieri, a.... More »
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories - The Globe and Mail Sep 3rd
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories The Globe and MailView Full Coverage on Google News.... More »
Here is the state of electricity outages on P.E.I. Monday morning - CBC.ca + MORE Sep 26th
Here is the state of electricity outages on P.E.I. Monday morning CBC.caDay after Fiona: Eastern Canada takes stock of post-storm damage as conditions ease Global NewsCouple doesn't let Fiona spoil wedding, already postponed by pandemic The Globe and MailBody of miss.... More »
Maple Leaf Foods shares have risen, while WonderFi’s stock price has tumbled. Here are the past week’s winners and losers + MORE Nov 14th
Stock surges and setbacks for the week ending Nov. 14, 2022..... More »
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.
Indonesia’s president announces sharp increases in fuel prices
– canadianbusiness.com
JAKARTA, Indonesia – Indonesia’s president announced a sharp increase in fuel prices on Monday, saying costly government subsidies would be better spent on infrastructure and development.
President Joko “Jokowi” Widodo, who took office Oct. 20, announced the price hikes at the state palace, flanked by economic and social affairs ministers.
The price of gasoline will be raised from about 53 cents to 70 cents per litre, and diesel fuel from 45 cents to 61 cents, beginning Tuesday.
Police were deployed to guard some gasoline stations in the capital, Jakarta, as long lines of cars and motorbikes waited to fill their tanks before the increases took effect at midnight.
“From time to time, as a nation, we are faced with difficult choices,” said Jokowi, who had vowed to be ready to make unpopular decisions for the sake of the people. “However, we have to choose and make a decision.”
He said the government held a series of discussions and decided it was better to switch the subsidies to productive investment…
President Joko “Jokowi” Widodo, who took office Oct. 20, announced the price hikes at the state palace, flanked by economic and social affairs ministers.
The price of gasoline will be raised from about 53 cents to 70 cents per litre, and diesel fuel from 45 cents to 61 cents, beginning Tuesday.
Police were deployed to guard some gasoline stations in the capital, Jakarta, as long lines of cars and motorbikes waited to fill their tanks before the increases took effect at midnight.
“From time to time, as a nation, we are faced with difficult choices,” said Jokowi, who had vowed to be ready to make unpopular decisions for the sake of the people. “However, we have to choose and make a decision.”
He said the government held a series of discussions and decided it was better to switch the subsidies to productive investment…
How to transition to retirement
– moneysense.ca
(Illustration by Pete Ryan)A lot changes the day you say goodbye to your colleagues and leave work for the last time. Suddenly, you go from building up your nest egg to drawing it down. As a result, you need to rethink the whole way you manage your finances. Call it the Big Transition.
To prepare properly for retirement, you should start getting ready at least five years before the big date. It’s all about envisioning the lifestyle you want while making sure you have enough reliable income to fund it. And the transition doesn’t end when you do retire. You’ll need to keep adjusting your lifestyle and financial plan as you go, especially during the next five or so years. With the quality of your retirement on the line, it pays to plan carefully. Here’s our outline for managing the Big Transition.
In the last few years before you stop working, you need to gradually define your retirement goals, including when it will start and roughly how much it will cost. And you need to ensure you can afford it, perhaps the most daunting question of all…
Loonie falls, commodities lower as Japan slips into recession
– theglobeandmail.com
World’s third-largest economy contracted at a 1.6 per cent annual pace as housing and business investment dropped following a sales tax hike
