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A complete guide to TFSA accounts in 2022 Jan 31st
In 2009, the federal government introduced Tax-Free Savings Accounts (TFSAs). This account quickly became popular with investors since it was another savings vehicle that allowed people to tax-shelter their money. However, the name is misleading, and many people still don’t understand how TFSA.... More »
TSX higher as Fed keeps U.S. rates steady + MORE Sep 17th
The TSX closed higher and American markets retreated after the U.S. Federal Reserve decided to stand pat on interest rates..... More »
Vancouver cannabis company wins lottery for POT stock symbol, stock rises 137% Feb 1st
The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a 'wonderful surprise' for the small company which is hoping the catchy symbol will help it stand out in the sector..... More »
Find the best mortgage rates in Canada Oct 22nd
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
Cut tax while cashing in a whole life policy + MORE Apr 21st
Q: My question is about whole life insurance. My wife and I both have policies. her cash surrender value with paid up additions is around $200,000. My policy is about $190,000. We have no children. We both have pension plans and comfortable assets. We are looking at surrendering one if not both in.... More »
Japan growth in Oct-Dec quarter revised down to 1.5 pct, but still affirms end to recession
– canadianbusiness.com
TOKYO – Japan economy escaped recession but grew less than earlier estimated as demand and wages remained weak, the government said Monday.
The world’s third-largest economy is still recovering from the blow to consumer and business spending from a sales tax hike on April 1, 2014. Purchases plunged after surging to beat that increase.
The revision puts inflation-adjusted growth for the year flat at exactly 0.0 per cent, compared with 1.6 per cent in 2013 and 1.8 per cent in 2012.
The government earlier reported that the economy grew at a 2.2 per cent annual rate in the final quarter of 2014 after contracting 6.4 per cent in April-June and 2.6 per cent in July-September.
Monday’s revision reflects downward inventory adjustments, lower private demand and flat-lining corporate and residential investment. It also showed a slight drop in incomes.
More recent data have shown a recovery in exports and increased orders of machinery — vital drivers for growth, and both the government and central bank say the economy is still in the midst of a moderate recovery…
The world’s third-largest economy is still recovering from the blow to consumer and business spending from a sales tax hike on April 1, 2014. Purchases plunged after surging to beat that increase.
The revision puts inflation-adjusted growth for the year flat at exactly 0.0 per cent, compared with 1.6 per cent in 2013 and 1.8 per cent in 2012.
The government earlier reported that the economy grew at a 2.2 per cent annual rate in the final quarter of 2014 after contracting 6.4 per cent in April-June and 2.6 per cent in July-September.
Monday’s revision reflects downward inventory adjustments, lower private demand and flat-lining corporate and residential investment. It also showed a slight drop in incomes.
More recent data have shown a recovery in exports and increased orders of machinery — vital drivers for growth, and both the government and central bank say the economy is still in the midst of a moderate recovery…
Asian stocks fall after strong US jobs data sparks concern Fed might move up rate rise
– canadianbusiness.com
BEIJING, China – Asian stock markets fell Monday after strong U.S. jobs data increased chances that the Federal Reserve will raise interest rates sooner.
KEEPING SCORE: The Shanghai Composite Index lost 1.1 per cent to 3,206.31 and Tokyo’s Nikkei 225 shed 0.7 per cent to 18,828.94. Hong Kong’s Hang Seng lost 0.7 per cent to 24,000.70 and Seoul’s Kospi declined 0.5 per cent to 2,002.00. Sydney, Singapore, New Zealand and Taiwan also fell. On Friday, the prospect of higher interest rates sent U.S. stocks tumbling.
JOBS JUMP: Strong U.S. employment growth in February was good news for workers but alarmed investors who worried a rate hike, previously not expected until as late as October, might happen as early as June. The Fed has held interest rates close to zero for more than six years to stimulate growth following the 2008 global crisis. But Friday’s announcement that employers added 295,000 jobs last month, which was far above expectations of about 235,000, fueled expectations unemployment would fall further and inflation might pick up…
KEEPING SCORE: The Shanghai Composite Index lost 1.1 per cent to 3,206.31 and Tokyo’s Nikkei 225 shed 0.7 per cent to 18,828.94. Hong Kong’s Hang Seng lost 0.7 per cent to 24,000.70 and Seoul’s Kospi declined 0.5 per cent to 2,002.00. Sydney, Singapore, New Zealand and Taiwan also fell. On Friday, the prospect of higher interest rates sent U.S. stocks tumbling.
JOBS JUMP: Strong U.S. employment growth in February was good news for workers but alarmed investors who worried a rate hike, previously not expected until as late as October, might happen as early as June. The Fed has held interest rates close to zero for more than six years to stimulate growth following the 2008 global crisis. But Friday’s announcement that employers added 295,000 jobs last month, which was far above expectations of about 235,000, fueled expectations unemployment would fall further and inflation might pick up…
