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Weekend Reading – Stop making your advisor rich, RRSP suggestions, tax tips and more + MORE Feb 12th
Learn, save, invest and prosper with My Own Advisor.
Welcome to some Weekend Reading friends. Earlier this week I shared some top Canadian dividend paying stocks to buy, including two companies that recently raised their dividends, and if you want to be more productive, and I do, consider these ti.... More »
The best credit cards in Canada for 2023 Sep 15th
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The best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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So, you want to be rich? Here’s how to get started Jan 6th
These are the four most common wealth-building strategies for people who don’t have gobs of money to begin with.... More »
5 ways to invest sustainably for Canadian investors + MORE Apr 21st
Sustainable investing means different things to different people. For some it is about avoiding certain activities or industries. Others see it as a more proactive approach—making a positive difference. Not just “do no evil” but being a force for change.
A helpful way to think about the ran.... More »
Before you borrow: Navigating back-to-school financial aid in Canada + MORE Jun 26th
Each year, more than half a million Canadians take out student loans to cover tuition, books, and living costs. But according to some recent research, including a study from Royal Bank of Canada (RBC), many students are unprepared for how these loans work and how to manage repayment.
Understandin.... More »
How to Use Forex Signals in Trading
– investitwisely.com
Foreign Exchange, the process by which you simultaneously exchange one currency for another at a fixed price. As the world’s most traded market, thousands of different strategies and methods for successful trading and navigation of a complex, constantly changing market. Making use of Forex signalsA Forex signal service can also cut out a lot of the concerns that emerge from over-analysis of the market. A Forex signal is essentially a suggestion for entering a trade on a currency pair. Using Forex signals to guide your trading decisions, and is particularly useful for relatively inexperienced traders to trade with confidence.
Choosing a Provider
There are lots of options available to traders that want to make use of Forex signals, but making sure that you choose the right provider presents a challenge in its own right. Trading based on the wrong signal can lead to significant losses, and putting your trust in any financial service of this sort is a big step for anyone. While there’s plenty of choice available, from service providers to online software…
Learn, save, invest and prosper with My Own Advisor.Welcome to some Weekend Reading friends, my roundup of good personal finance and investing reads for the week that was. Earlier this week, it crossed my mind some signs you can retire right now (or you probably need to wait) and I profiled a diligent long-term saver who thanks to his disciplined ways has no retirement worries. Find out why here.
Enjoy these articles and share away this weekend. See you here next week.
This article said baby boomers don’t understand retirement.
Thanks for the shout out Tangerine!
Here are 15 money saving tips to live by. #15 is important for me, you have to live your life.
Congrats to Dividend Growth Investor celebrating 8 years of blogging and investing success.
Looks like Millennials are getting the jump on retirement savings, according to Tangerine. From the article: “62 per cent of millennials (those 18-34) have started saving for retirement and almost half (46 per cent) said they started before the age of 25…
AbbVie meets 4Q profit forecasts
– canadianbusiness.com
NORTH CHICAGO, Ill. – AbbVie Inc. (ABBV) on Friday reported fourth-quarter net income of $1.52 billion, after reporting a loss in the same period a year earlier.
The North Chicago, Illinois-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.13 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.13 per share.
The drugmaker posted revenue of $6.4 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $6.45 billion.
AbbVie expects full-year earnings in the range of $4.90 to $5.10 per share.
AbbVie shares have dropped almost 6 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 7 per cent. The stock has decreased almost 10 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights…
The North Chicago, Illinois-based company said it had profit of 92 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.13 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.13 per share.
The drugmaker posted revenue of $6.4 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $6.45 billion.
AbbVie expects full-year earnings in the range of $4.90 to $5.10 per share.
AbbVie shares have dropped almost 6 per cent since the beginning of the year, while the Standard & Poor’s 500 index has declined slightly more than 7 per cent. The stock has decreased almost 10 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights…
Loonie loses gains after Bank of Japan’s surprise move to lower interest rate
– canadianbusiness.com
TORONTO – Canada’s dollar has reacted negatively to a surprise announcement by Japan’s central bank, which is moving to offset dangerously low inflation by dropping a key lending rate to negative 0.1 per cent.
The loonie’s value fell sharply just after 5 a.m. ET. It had traded as high as 71.58 cents US before the Bank of Japan’s announcment but was lower, at 71.06 cents US, about two hours before North American stock markets open at 9:30 a.m.
Canada’s dollar finished Thursday at 71.18 cents US, it’s highest close since Jan. 5.
Both the loonie’s low value and Japan’s low inflation rate are symptoms of the decline in global oil prices, caused by an oversupply, low economic growth and the relatively strong value of the U.S. dollar against other currencies.
The price of a benchmark barrel of crude oil briefly jumped above US$34 a barrel after the Bank of Japan’s announcement but was up only marginally from Thursday’s close later in the morning…
The loonie’s value fell sharply just after 5 a.m. ET. It had traded as high as 71.58 cents US before the Bank of Japan’s announcment but was lower, at 71.06 cents US, about two hours before North American stock markets open at 9:30 a.m.
Canada’s dollar finished Thursday at 71.18 cents US, it’s highest close since Jan. 5.
Both the loonie’s low value and Japan’s low inflation rate are symptoms of the decline in global oil prices, caused by an oversupply, low economic growth and the relatively strong value of the U.S. dollar against other currencies.
The price of a benchmark barrel of crude oil briefly jumped above US$34 a barrel after the Bank of Japan’s announcement but was up only marginally from Thursday’s close later in the morning…
CALGARY — Alberta Premier Rachel Notley will be in Calgary today to reveal the province’s new oil and gas royalty framework.
The announcement comes as oil hovers around US$30 a barrel and industry players have warned the government against doing anything to worsen the pain.
The new system will be based on recommendations from an expert panel led by Dave Mowat, head of Crown-owned bank ATB Financial.
In 2007 — when oil was climbing toward US$90 a barrel — royalty changes introduced by the Progressive Conservative government caused big outcry among industry players.
Industry groups say they’ve been happy with how the panel’s consultations worked this time around and feel they’ve had a fair hearing.
But Mark Salkeld, with the Petroleum Services Association of Canada, says the industry is nonetheless on pins and needles as it awaits the announcement.
“It’s pretty tough out there. Our members are hurting,” he said.
The industry badly needs investment, so getting the formula right is crucial, he added…
The announcement comes as oil hovers around US$30 a barrel and industry players have warned the government against doing anything to worsen the pain.
The new system will be based on recommendations from an expert panel led by Dave Mowat, head of Crown-owned bank ATB Financial.
In 2007 — when oil was climbing toward US$90 a barrel — royalty changes introduced by the Progressive Conservative government caused big outcry among industry players.
Industry groups say they’ve been happy with how the panel’s consultations worked this time around and feel they’ve had a fair hearing.
But Mark Salkeld, with the Petroleum Services Association of Canada, says the industry is nonetheless on pins and needles as it awaits the announcement.
“It’s pretty tough out there. Our members are hurting,” he said.
The industry badly needs investment, so getting the formula right is crucial, he added…
