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Investors are delusional when it comes to Canadian marijuana companies + MORE Jan 10th
Marijuana plants grow in a climate controlled growing room at Tweed Inc., now Canopy Growth, in Smith Falls, Ontario in 2015. (James MacDonald/Bloomberg/Getty Images)
Allan Gregory is a professor of economics at Queen’s University.
As the July deadline for the provinces to legalize marijuana a.... More »
The best GIC rates in Canada for 2026 + MORE Apr 8th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
London: Is It Too Expensive For New Businesses? Jul 9th
The allure of London is strong for anyone who’s grown up in the sticks, those places where a cover band in the local pub is about as close to cosmopolitanism as they’ll ever get. To a lot of people outside of major cities, London is a capital filled with bright lights, glittering careers in th.... More »
Walmart warns it will raise prices because of tariffs - CNN May 15th
Walmart warns it will raise prices because of tariffs CNNWalmart will report earnings before the bell. Here's what to expect CNBCWalmart warns a tariff hit on prices is coming in ominous sign for U.S. economy Financial PostWalmart says it will raise U.S. prices due t.... More »
United Arab Emirates to merge 2 Abu Dhabi investment funds
– canadianbusiness.com
DUBAI, United Arab Emirates – A top official in the United Arab Emirates has issued an order for the merging of two of the Gulf nation’s most prominent government wealth funds, streamlining the country’s investment strategy as it weathers a slump in oil prices.
The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company, which holds stakes in several energy-related companies and owns most of Abu Dhabi-based Aabar Investments.
Mubadala’s holdings include semiconductor maker Globalfoundries and stakes in General Electric and Washington-based private equity firm The Carlyle Group.
The Abu Dhabi companies’ most recent financial statements show that Mubadala holds about $67 billion in assets, while IPIC is slightly larger at $68 billion. They together carry about $42 billion in debt.
The post United Arab Emirates to merge 2 Abu Dhabi investment funds appeared first on Canadian Business – Your Source For Business News.
The decision by Abu Dhabi’s crown prince, Sheikh Mohammed bin Zayed Al Nahyan, will combine Mubadala Development Company and the International Petroleum Investment Company, which holds stakes in several energy-related companies and owns most of Abu Dhabi-based Aabar Investments.
Mubadala’s holdings include semiconductor maker Globalfoundries and stakes in General Electric and Washington-based private equity firm The Carlyle Group.
The Abu Dhabi companies’ most recent financial statements show that Mubadala holds about $67 billion in assets, while IPIC is slightly larger at $68 billion. They together carry about $42 billion in debt.
The post United Arab Emirates to merge 2 Abu Dhabi investment funds appeared first on Canadian Business – Your Source For Business News.
Alaska could end to oil checks paid to residents since 1982
– canadianbusiness.com
ANCHORAGE, Alaska – As Alaska faces a multibillion dollar budget deficit, the oil fund wealth checks distributed yearly to nearly every Alaskan could be on the chopping block.
It could mean the first time in more than 30 years that most Alaskans won’t get a check from the government just for living in the state.
“We’ll look at every item individually and decide between now and July 1 what items get vetoed and what does not,” Gov. Bill Walker, who announces budget vetoes Wednesday morning, told reporters earlier this month when asked if he would veto all or part of the $1.4 billion oil check fund appropriation sent to him in the budget by lawmakers.
“At this point, all options are on the table,” the Juneau Empire reported Walker saying June 23.
Alaska state government relies mostly on revenue from oil production to stay solvent. But declining production and a precipitous drop in oil prices have plagued state government, leaving Alaska with a deficit of more than $3 billion for the next budget year…
It could mean the first time in more than 30 years that most Alaskans won’t get a check from the government just for living in the state.
“We’ll look at every item individually and decide between now and July 1 what items get vetoed and what does not,” Gov. Bill Walker, who announces budget vetoes Wednesday morning, told reporters earlier this month when asked if he would veto all or part of the $1.4 billion oil check fund appropriation sent to him in the budget by lawmakers.
“At this point, all options are on the table,” the Juneau Empire reported Walker saying June 23.
Alaska state government relies mostly on revenue from oil production to stay solvent. But declining production and a precipitous drop in oil prices have plagued state government, leaving Alaska with a deficit of more than $3 billion for the next budget year…
German consumer confidence rises but clouds on horizon
– canadianbusiness.com
BERLIN – A closely watched survey shows German consumer confidence has increased again, but its authors cautioned the British vote to leave the European Union could bring it down in coming months.
The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June.
The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the “Brexit” vote means the German and other European economies start to falter, things could rapidly change.
GfK says it’s “expected that the current uncertainty in the financial markets will also be felt by German consumers.”
The extent “depends on how serious the financial implications will be and how discussions develop within the European Union.”
The post German consumer confidence rises but clouds on horizon appeared first on Canadian Business – Your Source For Business News.
The GfK research group said Wednesday its forward-looking consumer climate index rose to 10.1 points for July from 9.8 in June.
The 2,000 consumers surveyed for the report on behalf of the European Commission were contacted before the British referendum, however, and GfK said if the “Brexit” vote means the German and other European economies start to falter, things could rapidly change.
GfK says it’s “expected that the current uncertainty in the financial markets will also be felt by German consumers.”
The extent “depends on how serious the financial implications will be and how discussions develop within the European Union.”
The post German consumer confidence rises but clouds on horizon appeared first on Canadian Business – Your Source For Business News.
The Crossover Point for investors
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Can you retire when you have $500,000 invested?
How about $750,000 like blogger Tim Stobbs believes?
What about $1 million?
Need more?
I recently read an article on Retire by 40 that suggested $5 million (in net worth) isn’t even enough for some. Geez. The Retire by 40 post recalled this article about a Canadian couple struggling to make ends meet, with a net worth of $4 million. From the article, the struggle was related to the “present monthly expenditures of $4,274 on wine, restaurants, clothing and grooming, travel and their golf club” (membership). That’s a huge a burn rate on those items if you ask me – but to each their own.
As the saying goes, the more you want, the more you spend. This is not a financial myth, it’s a matter of fact for many people today. Most people seem to spend up to their income level (and sometimes much more). Cheap credit undoubtedly fuels that. Lack of financial literacy is another…
Can you retire when you have $500,000 invested?
How about $750,000 like blogger Tim Stobbs believes?
What about $1 million?
Need more?
I recently read an article on Retire by 40 that suggested $5 million (in net worth) isn’t even enough for some. Geez. The Retire by 40 post recalled this article about a Canadian couple struggling to make ends meet, with a net worth of $4 million. From the article, the struggle was related to the “present monthly expenditures of $4,274 on wine, restaurants, clothing and grooming, travel and their golf club” (membership). That’s a huge a burn rate on those items if you ask me – but to each their own.
As the saying goes, the more you want, the more you spend. This is not a financial myth, it’s a matter of fact for many people today. Most people seem to spend up to their income level (and sometimes much more). Cheap credit undoubtedly fuels that. Lack of financial literacy is another…
