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What to do if you don’t trust the executor of a will + MORE May 6th
Q: We are five kids in the family and my sisters and I think my brother, who’s the executor of my parents’ will, will find a way to take everything. How can we protect ourselves?
—Trina
A: Trina, you think your parents’ estate executor may be “somewhat shady”? Is the executo.... More »
Don’t let bad habits undermine your portfolio + MORE Jul 10th
At the mid-year mark, the Canadian large cap benchmark TSX is essentially flat year to date. Given Canadians knack for keeping their investments close to home I wouldn’t be surprised if many domestic investors returns are just as flat.
That’s a problem. The best pension plans in the country wou.... More »
RRIF or annuity: Which one is right for you? + MORE Mar 22nd
(Caimage/Getty Images)
Q: What are cons and pros of selecting an annuity versus RRIF?
I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.
After I hit my age of 71, I must start withdrawals from my RRSP and I need to .... More »
Why You Should Trade With Rakuten Brokers Sep 13th
The first step before beginning Forex trading is to look for a broker who is not only reliable but also able to maximize your investment. Are you looking for a broker to help you in your Forex trading? Look no further. Rakuten brokers are the best choice for you and this article will help you see .... More »
A parents’ guide to home down payment gifts and loans + MORE Aug 20th
It used to be that parents budgeted for post-secondary education or contributing to the costs of a child’s wedding. But now, I am increasingly finding parents planning for home down payment gifts.
The statistics support this and show an increase in down payment help in recent years. A CIBC stud.... More »
St. Lawrence Seaway banks on El Nino, economy after traffic falls 10 per cent
– theglobeandmail.com
CEO Terence Bowles had anticipated growing global demand for this shipping season, but ultimately the key transportation corridor couldn’t sustain the big upswing since the 2008 financial crash
Asia stocks mostly lower as investors await Fed rate decision later this week, Europe rebounds
– canadianbusiness.com
BEIJING, China – Asian stock markets were mostly lower Monday as investors awaited the U.S. Federal Reserve’s decision this week on raising interest rates for the first time since the financial crisis. European markets rebounded.
KEEPING SCORE: In early trading, Germany’s DAX added 0.9 per cent to 10,437.18 and France’s CAC-40 advanced 1.1 per cent to 4,602.92. Britain’s FTSE 100 gained 1 per cent to 6,009.46. On Friday, the DAX lost 2.4 per cent, Britain’s FTSE 100 dropped 2.2 per cent and the CAC 40 shed 1.8 per cent. Wall Street looked set for gains. Dow futures were up 0.7 per cent at 17,297.00. S&P 500 futures gained 0.8 per cent to 2,017.10.
FED DECISION: Investors are transfixed by the upcoming Fed announcement Wednesday on whether it will raise a key interest rate that has been held near zero since the 2008 global crisis. Low rates have helped to boost stock prices. Chairwoman Janet Yellen and other Fed officials have indicated employment, inflation and other indicators appear to be headed in the right direction to allow a hike…
KEEPING SCORE: In early trading, Germany’s DAX added 0.9 per cent to 10,437.18 and France’s CAC-40 advanced 1.1 per cent to 4,602.92. Britain’s FTSE 100 gained 1 per cent to 6,009.46. On Friday, the DAX lost 2.4 per cent, Britain’s FTSE 100 dropped 2.2 per cent and the CAC 40 shed 1.8 per cent. Wall Street looked set for gains. Dow futures were up 0.7 per cent at 17,297.00. S&P 500 futures gained 0.8 per cent to 2,017.10.
FED DECISION: Investors are transfixed by the upcoming Fed announcement Wednesday on whether it will raise a key interest rate that has been held near zero since the 2008 global crisis. Low rates have helped to boost stock prices. Chairwoman Janet Yellen and other Fed officials have indicated employment, inflation and other indicators appear to be headed in the right direction to allow a hike…
Cuba’s capacity limited by few firms, little infrastructure and lots of tourists
– theglobeandmail.com
Much-heralded process of economic reform is under way and foreign investment laws were made significantly more favourable earlier this year, yet the level of building pales in comparison to the size of the demand, in tourism and other sectors of the Latin American country
China’s Alibaba pays $266M for Hong Kong’s South China Morning Post newspaper
– canadianbusiness.com
HONG KONG – The publisher of Hong Kong’s South China Morning Post says China’s Alibaba is buying the English-language newspaper for 2.06 billion Hong Kong dollars ($266 million).
SCMP Group revealed the sale price Monday in a filing to the Hong Kong stock exchange. The deal was announced on Friday but no amount was given for the transaction.
The sale of the 112-year paper, which has a wide international following for its China coverage, has stirred concern that its reporting would be softened under the ownership of a Chinese company.
The deal is latest media-related acquisition for Alibaba as it diversifies beyond its core business of online shopping.
The SCMP said in its filing that traditional publishing has an uncertain future and a new owner will be able to unlock greater value.
The post China’s Alibaba pays $266M for Hong Kong’s South China Morning Post newspaper appeared first on Canadian Business – Your Source For Business News.
SCMP Group revealed the sale price Monday in a filing to the Hong Kong stock exchange. The deal was announced on Friday but no amount was given for the transaction.
The sale of the 112-year paper, which has a wide international following for its China coverage, has stirred concern that its reporting would be softened under the ownership of a Chinese company.
The deal is latest media-related acquisition for Alibaba as it diversifies beyond its core business of online shopping.
The SCMP said in its filing that traditional publishing has an uncertain future and a new owner will be able to unlock greater value.
The post China’s Alibaba pays $266M for Hong Kong’s South China Morning Post newspaper appeared first on Canadian Business – Your Source For Business News.
Bank of Japan ‘tankan’ survey shows business conditions stable, but outlook bleaker
– canadianbusiness.com
TOKYO – A Japanese central bank survey shows sentiment among big manufacturers is steady, though companies in all sectors expect conditions to deteriorate in the coming months.
The Bank of Japan’s “tankan” survey, released Monday, remained at 12 as of December, unchanged from September. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.
The reading for non-manufacturers was 25, also unchanged from September, the survey said. However the number of companies anticipating worse conditions in the coming quarter outnumbered those expecting improvements, with figures of minus 5 for manufacturers and minus 7 for non-manufacturers.
A total of 10,971 companies responded to the survey.
The survey for the coming quarter showed both manufacturers and other companies were pessimistic about the outlook for sales and for investment in the world’s third-largest economy…
The Bank of Japan’s “tankan” survey, released Monday, remained at 12 as of December, unchanged from September. The tankan measures corporate sentiment by subtracting the number of companies saying business conditions are negative from those responding they are positive.
The reading for non-manufacturers was 25, also unchanged from September, the survey said. However the number of companies anticipating worse conditions in the coming quarter outnumbered those expecting improvements, with figures of minus 5 for manufacturers and minus 7 for non-manufacturers.
A total of 10,971 companies responded to the survey.
The survey for the coming quarter showed both manufacturers and other companies were pessimistic about the outlook for sales and for investment in the world’s third-largest economy…
