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Federal court gives Toronto real estate agents data-publishing rights + MORE Dec 1st
Toronto Real Estate Board says it is disappointed by the decision and will seek leave to appeal to the Supreme Court of Canada
.... More »
Making sense of the markets this week: February 1, 2021 Jan 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Redditors took on hedge funds—and won!
Not to be outdone, the year 2021 turns to 2020 and says “hold my beer.”
Just when you thought that things couldn’t get any l.... More »
Caribbean islands begin preparations for Hurricane Irma - CTV News Sep 3rd
CTV NewsCaribbean islands begin preparations for Hurricane IrmaCTV NewsSAN JUAN, Puerto Rico -- Islands at the eastern end of the Caribbean Sea made preparations Sunday for approaching Hurricane Irma, a Category 3 storm that could threaten the area beginning Tuesday. Hurricane watches were posted fo.... More »
Tesla's troubles are piling up — but the Elon Musk cult is still full of true believers Apr 21st
Tesla is beset by production problems, it is swimming in debt, its bonds are near junk status, its stock has more people betting against it than any other major company. But there are still good reasons to believe in the world's best known electric car maker..... More »
Five things to watch for in the Canadian business world in the coming week + MORE Nov 13th
TORONTO – Five things to watch this week in Canadian business:
Money Talk: Investment management giant BlackRock hosts a meeting Monday in Toronto between global financiers and several federal cabinet ministers including Bill Morneau of Finance. Ottawa’s big spending proposals, including.... More »
Sweeping changes to Canada’s mortgage lending rules could push more borrowers into the unregulated, shadow banking segment of the market, creating a new pocket of risk in the financial system, industry insiders say.
Brain tricks for better investing, the benefits of low-yield dividend stocks, and a new loonie outlook
– theglobeandmail.com
A roundup of investment ideas for active investors
New TMX innovation panel aims to give Canadian startups a boost
– theglobeandmail.com
The stock exchange operator is creating the 12-person roundtable with executives to help small tech companies expand
Australian bank reinstates traders still under legal cloud
– canadianbusiness.com
CANBERRA, Australia – An Australian bank chief executive told a parliamentary committee on Wednesday that traders implicated in market manipulation allegations had been suspended then reinstated without those accusations being judged by a court.
The Australian Securities and Investments Commission, the financial regulator, is suing the ANZ Banking Group in the Federal Court for unconscionable conduct and market manipulation in relation to ANZ’s involvement in setting the bank bill swap reference rate from 2010 to 2012. The bank has denied the allegations.
The rate sets the price of business between banks and other institutions. Rigging the rate can increase profits for both banks and traders.
ANZ chief executive Shayne Elliott told the House Standing Committee on Economics that the bank initiated an internal investigation and suspended “a handful of people” after the regulator raised its allegations. Media reports said seven traders had been suspended on November 2014…
The Australian Securities and Investments Commission, the financial regulator, is suing the ANZ Banking Group in the Federal Court for unconscionable conduct and market manipulation in relation to ANZ’s involvement in setting the bank bill swap reference rate from 2010 to 2012. The bank has denied the allegations.
The rate sets the price of business between banks and other institutions. Rigging the rate can increase profits for both banks and traders.
ANZ chief executive Shayne Elliott told the House Standing Committee on Economics that the bank initiated an internal investigation and suspended “a handful of people” after the regulator raised its allegations. Media reports said seven traders had been suspended on November 2014…
RRSPs, DCPPs, CPP, oh my!
– moneysense.ca
Q: I’m 56 and would like to retire at 60. I have a defined contribution pension plan. Would it be wise to draw RSP only until 65 and leave CPP and DCP to grow?
—Daniel
A: I find there can be a lot of confusion around Defined Contribution (DC) pension plans, so let’s seek to clarify some things, Daniel.
First off, you ask about whether you should start to draw from your RRSP at age 60 when you retire. You don’t have to take any withdrawals before age 72, at which point a minimum annual withdrawal is required based on a percentage of the account value. Sometimes, you need to take withdrawals early because you simply need the cash flow, but sometimes, even if you have other non-registered savings or investments, early RRSP withdrawals can be wise to smooth your income and tax payable during retirement.
I think it’s important to target the least amount of lifetime tax as opposed to the least amount of tax today without regard for the future. This is particularly important when you might not only be paying more tax with delaying RRSP withdrawals, but also losing entitlement to government benefits like Old Age Security (OAS) and Guaranteed Income Supplement (GIS)…
