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Toronto housing market downturn to be short lived, federal housing agency says + MORE Jul 27th
The recent downturn in Toronto’s real estate market, brought on after Ontario introduced measures this spring including a foreign buyers’ tax, is expected to be brief, the federal housing agency said Wednesday.
Property prices in the city _ which fell from an average of $919,589 in April.... More »
Canadian retirees spending an average $2,400 a month + MORE Jun 25th
(Getty Images / shapecharge)
Housing is the single greatest monthly expense Canadian retirees are facing, according to a new study.
On average, retired Canadians are spending $2,400 a month, or $28,800 a year as revealed by the BMO Wealth Management Study, with $668 of that going towards accommodati.... More »
Canada’s not alone in grappling with real estate boom, figures show + MORE Aug 20th
Countries around the world are scrambling to slow their housing markets, introducing regulations that require borrowers to have minimum down payments or rules that limit the amount of debt home buyers can take on relative to their incomes
.... More »
Stock news for investors: Groupe Dynamite Q2 profit jumps to $63.9M on strong sales growth + MORE Sep 11th
Here’s a round-up of news for Canadian investors this week.
Groupe Dynamite
Roots
Transat A.T. Inc.
Empire Co. Ltd.
Featured RRSP Accounts
featured
EQ Bank
Build your retire.... More »
Vancouver's real estate tax sparks backlash from Chinese buyers - The Globe and Mail + MORE Aug 15th
The Globe and MailVancouver's real estate tax sparks backlash from Chinese buyersThe Globe and MailThree years ago, Jack Li signed to buy a modest one-bedroom condo in Richmond for about $200,000, a chance to gain a relatively cheap foothold in British Columbia's Lower Mainland. Then he wa.... More »
Bombardier gets boost with major C Series order – The Globe and Mail
– news.google.ca
CBC.caBombardier gets boost with major C Series orderThe Globe and MailBombardier Inc.'s C Series jet program got a big boost Friday with the announcement that Macquarie AirFinance has committed to the purchase of 40 planes. While Bombardier did not disclose the value of the deal, it is estimated to be about $3-billion (U.S.) …TSX climbs as Bombardier, BlackBerry lead gainsbnn.caBombardier stock boosted by big order for CSeries jetsCBC.caMacquarie AirFinance orders 40 Bombardier CS300 jets, for lease to airlinesTimes ColonistBelfast Newsletterall 54 news articles »
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Another big day for BlackBerry
– macleans.ca
Top of the Morning
William Lazonick of the Harvard Business Review suggests that corporate America’s short-term thinking has kept much of the public shut out from the economic recovery:
Corporate profitability is not translating into widespread economic prosperity.
The allocation of corporate profits to stock buybacks deserves much of the blame. Consider the 449 companies in the S&P 500 index that were publicly listed from 2003 through 2012. During that period those companies used 54 per cent of their earnings—a total of $2.4 trillion—to buy back their own stock, almost all through purchases on the open market. Dividends absorbed an additional 37 per cent of their earnings. That left very little for investments in productive capabilities or higher incomes for employees.
The buyback wave has gotten so big, in fact, that even shareholders—the presumed beneficiaries of all this corporate largesse—are getting worried. “It concerns us that, in the wake of the financial crisis, many companies have shied away from investing in the future growth of their companies,” Laurence Fink, the chairman and CEO of BlackRock, the world’s largest asset manager, wrote in an open letter to corporate America in March…
Pimco withdrawals could hit 30 per cent as money managers stunned by departure
– theglobeandmail.com
Managers are monitoring developments after Bill Gross’s move from California-based Pimco, which manages $1.97-trillion (U.S.) in assets
‘Bond King’ Bill Gross leaves Pimco for rival Janus
– theglobeandmail.com
Move comes days after reported investigation of Pimco ETF, and one day before Gross was expected to be fired from the huge investment firm he co-founded more than 40 years ago
