How to go about securing the best return for your investment in Canada.
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43 more cases of COVID-19 confirmed in Ontario, bringing total to 257 - CTV News + MORE Mar 19th
43 more cases of COVID-19 confirmed in Ontario, bringing total to 257 CTV News5 Financial Relief Measures For Canadians Impacted By COVID 19 HuffPost Canada43 new cases bring Ontario's COVID-19 caseload to 257 Toronto SunOntario health minister warns coronavirus pose.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Sales up, prices down in GTA housing market Oct 6th
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.
The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from Se.... More »
Making sense of the markets this week: July 2, 2023 + MORE Jun 30th
All about Canadian investments. Learn the ins and outs and get the latest news.
Making sense of the markets this week: July 2, 2023 - moneysense.caThis week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
What’s up with i.... More »
Canadians plan to make charitable giving a priority + MORE Jan 5th
Almost 60% of Canadians plan to make it a priority to donate to charitable causes in 2016, finds a BMO Wealth Management report. Other priorities include becoming healthier, spending more time with family and friends, and improving their overall financial situation by spending less, saving more and .... More »
G-20 chief says worst may be over but development of global economy is weak and uneven
– canadianbusiness.com
WASHINGTON – The current head of the Group of 20 wealthy and emerging nations says governments need to do more to jolt the global economy out of the rut it fell into after the 2008 financial crisis.
Turkish Deputy Prime Minister Ali Babacan, who is responsible for his country’s economy, said Thursday the worst may be over but recent economic developments are not yet satisfactory.
Speaking ahead of the G-20 meeting in Washington Friday, he said there are bright spots in some countries but growth is weak, imbalanced and uneven.
He said G-20 countries must do more to carry out commitments made last year in Australia to jumpstart growth including investing in infrastructure and boosting trade.
Babacan also said the G-20 needs to involve low income developing countries more in its deliberations.
The post G-20 chief says worst may be over but development of global economy is weak and uneven appeared first on Canadian Business.
Turkish Deputy Prime Minister Ali Babacan, who is responsible for his country’s economy, said Thursday the worst may be over but recent economic developments are not yet satisfactory.
Speaking ahead of the G-20 meeting in Washington Friday, he said there are bright spots in some countries but growth is weak, imbalanced and uneven.
He said G-20 countries must do more to carry out commitments made last year in Australia to jumpstart growth including investing in infrastructure and boosting trade.
Babacan also said the G-20 needs to involve low income developing countries more in its deliberations.
The post G-20 chief says worst may be over but development of global economy is weak and uneven appeared first on Canadian Business.
A former investment adviser at JPMorgan Chase & Co was arrested Thursday and charged with taking at least US$20 million out of client accounts and using it to unsuccessfully trade options and pay personal expenses, authorities said.
Apple Watch delays findependence
– moneysense.ca
The true price of Apple Watch is steeper than you might think. (George Pimentel/Getty Images)MoneySense Editor-at-large and affable technophile Jonathan Chevreau happily announced on Twitter last weekend that he pre-ordered an Apple Watch. Getting a new gadget can be fun and I hope he’ll enjoy the device despite the mixed reviews it’s been getting.
For my part, I don’t want one. I generally avoid novel electronic devices, which makes me a late adopter. I’d much rather give the technical wizards time to work out the kinks in a new device and then buy a more refined product when the features are better and the prices are lower.
Given the current prices—and in my view limited usefulness—of the Apple Watch, I couldn’t help but wonder how many days of financial independence, or as Chevreau refers to it “findependence,” a young person would have to give up to buy one.
To make things easy, let’s focus in on the case of a 20-year old who earns $30,000 per year (after taxes) and would like to retire on the same amount of income, in inflation-adjusted terms, at 55…
Goldman Sachs’ earnings jump as investment banking unit has its best quarter since 2007
– canadianbusiness.com
NEW YORK, N.Y. – Goldman Sachs posted a big jump in first-quarter net income Thursday as its investment banking unit logged its best quarter since the financial crisis. Higher fees from trading bonds and currencies also helped.
DOLLARS FROM DEALS: Goldman is benefiting from an upswing in company deals in the U.S., driven by higher business confidence and low interest rates. Goldman said revenue from its investment banking unit was the highest it’s been in a single quarter since 2007.
TRADING BOOST: Big moves in the bond and currency markets in the first quarter also boosted earnings at the bank. Because markets were volatile at the start of the year, traders placed more bets to try and profit from those price swings. More trading activity means more commissions for banks and brokers.
THE NUMBERS: The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compares with $1.95 billion, or $4.02, in the same period a year earlier. Revenue rose to $10…
DOLLARS FROM DEALS: Goldman is benefiting from an upswing in company deals in the U.S., driven by higher business confidence and low interest rates. Goldman said revenue from its investment banking unit was the highest it’s been in a single quarter since 2007.
TRADING BOOST: Big moves in the bond and currency markets in the first quarter also boosted earnings at the bank. Because markets were volatile at the start of the year, traders placed more bets to try and profit from those price swings. More trading activity means more commissions for banks and brokers.
THE NUMBERS: The bank earned $2.75 billion, or $5.94 a share, in the first three months of the year. That compares with $1.95 billion, or $4.02, in the same period a year earlier. Revenue rose to $10…
Etsy Inc., an online marketplace for handmade and vintage goods, saw its stock double in price Thursday in its first day of trading on the Nasdaq exchange.
