At midday: TSX boosted by miners, banks; oil stocks weigh + MORE Aug 29th

How to go about securing the best return for your investment in Canada.
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SemGroup seeks to carve out bigger niche in Canada with $500-million investment + MORE Oct 1st

U.S. company, known for transporting, storage and processing oil and gas, could jettison its asphalt business in Mexico as it looks to expand its footprint in Alberta, British Columbia .... More »

Is life insurance taxable in Canada? Mar 20th

Life insurance is essentially buying peace of mind. You’re helping your loved ones deal with the financial impact of your death and hopefully mitigating some of the accompanying stress and emotional turmoil. But what happens after your loved ones receive their inheritance? Is life insurance taxabl.... More »
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Save for your child’s education or you might live to regret it Jul 5th

An RESP provides for tax-deferred investment growth and is a fantastic tool that allows a parent, grandparent, friend or legal guardian to save money for a child’s post-secondary education..... More »
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Food App Couriers Rely on Tips—but Customers Are No Longer Feeling Generous + MORE Aug 23rd

Food-app delivery workers are becoming more and more frustrated with the tips they are receiving from customers. On social media, people who work for apps like Uber Eats, Skip the Dishes and DoorDash are posting videos of their daily earnings, revealing they can make as little as $3 per order—that.... More »
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Still sizzling: In Vancouver and Toronto, real estate slowdown may be a blip + MORE Aug 8th

With recent price declines in hot markets, there’s been talk about a real estate slowdown. But, so far, it’s hardly something for prospective buyers to get excited about..... More »
Wall Street rises as hawkish Fed boosts financial stocks

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Managing money can be complicated, and myths are often born from people’s struggles to make it simpler. But simplistic solutions can cost you instead of saving you money.
If you believe any of these five money myths, it’s time to take a closer look at the financial realities.
MYTH: EVERYONE NEEDS A FAT EMERGENCY FUND
Certified financial planners typically recommend clients have enough savings to cover expenses for three to six months. If you’re living paycheque to paycheque, though, it can take you years to amass that much.
Say you spend $5,000 each month and somehow manage to trim your expenses by 10 per cent. To accumulate three months’ expenses ($4,500 times three, or $13,500), you would have to put aside every dime of that $500 savings for 27 months. Accumulating a six-month stash could take nearly five years. Either way, it’s too long to put off other important goals, such as saving for retirement and paying off high-interest-rate debt.
A better course: Shoot for a starter emergency fund of $500, which would cover small car repairs or an insurance deductible…

Continue Reading On canadianbusiness.com »

TORONTO – Stock markets in North America kicked off the week registering moderate gains.
In Toronto, the S&P/TSX composite index was up 38.30 points to 14,678.18.
The Dow Jones industrial average added 105.98 points at 18,501.38, the broader S&P 500 composite index rose 50.53 points to 2,178.85 and the Nasdaq composite gained 10.30 points to 5,229.22.
The Canadian dollar was at 76.77 cents US, down 0.15 of a cent from Friday’s close.
The October crude contract was down 84 cents at US$46.80 per barrel and October natural gas was little changed at US$2.91 per mmBTU.
The December gold contract fell 60 cents to US$1,325.30 an ounce and September copper contracts rose 1.5 cents to US$2.08 a pound.
The post North American stock markets kick off week registering modest gains appeared first on Canadian Business – Your Source For Business News.

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Best real estate apps and tools when buying a home(Getty Images/Fanatic Studio)
Buying a home can be a daunting task. Yes, it’s exciting to become a homeowner but the decision to take this step in life often comes with some heavy price tags. Thank goodness technology is here to help! To make it easier here’s a snapshot of the free mobile apps and free online calculators that can help you achieve your goal of homeownership.
This is not a comprehensive list. I’d run out of time if I were to list all the available options currently in the market. Instead, this is a compilation of those online calculators and universal smartphone apps that I believe are most useful—and the majority are 100% free to use.
Should I rent or buy?
Name: New York Times’ Rent vs. Buy Calculator
Type: Online tool
Cost: Free
Claim: The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as opportunity cost — for example, the return you could have earned by investing your money instead of spending it on a down payment…

Continue Reading On moneysense.ca »

These three investing legends are warning of another market crashFrom left: Stanley Druckenmiller, Jeremy Grantham and A. Gary Shilling. (Neilson Barnard/Getty; Steve Mack/Getty; Scott Eells/Bloomberg/Getty)
The outcome of the Brexit referendum clearly demonstrated the inherent volatility and fragility of global markets. What many people are missing, however, is that the financial impact of this largely political event comes nowhere close to the financial magnitude of events that led up to January 2016, a month we may look back on as a canary in a global economic coal mine.
U.S. equity markets lost over $1 trillion of value in January. In dollar terms it was the worst January in history. In percentage terms it was the eighth worst. What precipitated this violent and historic decline, and does it signal a future event of much greater magnitude?
How to position your portfolio for the rest of 2016
Recent concerns over global economic growth and credit quality in China certainly played a role in January’s decline. As the second-largest economy in the world, and the fastest growing of the major economies, China has tremendous influence on global economic growth, not to mention the companies whose share values rely on such growth…

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