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Converting mutual funds: The benefits, the risks and the costs Jan 25th
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
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A diversified apartment REIT for investors seeking an attractive yield + MORE Nov 30th
Investors are drawn to Northview’s rich dividend yield and potential to grow once oil markets recover
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Pressure mounts on Hudson’s Bay as shareholders back activist push + MORE Jul 10th
Activist investor Jonathan Litt and his company Land & Buildings have called on the retailer to unlock value in its real estate portfolio
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Toronto homebuyer misery: The game + MORE Apr 20th
Being a prospective homebuyer in Toronto right now is a terrible horrible no good very bad ordeal. Frantic bidding wars are the norm, with homes regularly selling for massively over asking prices. For a hint of what it’s like out on the mean real estate streets, have a go at Maclean’.... More »
U.S. says illicit activity is top cryptocurrency concern + MORE Jan 25th
The Treasury Secretary told the World Economic Forum in Davos that ‘we want to make sure all of our financial markets are safe’
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Chicago council passes Emanuel’s budget including steep property tax hike to improve finances
– canadianbusiness.com
CHICAGO – Chicago’s City Council easily approved a budget plan Wednesday that includes a massive property tax hike and other fees to help close a shortfall and improve the city’s underfunded pension system, votes many aldermen called the most difficult of their political careers.
Mayor Rahm Emanuel proposed an incremental $543 million property tax increase for police and fire pensions, along with a separate $45 million property tax hike for school construction, a $9.50 monthly household garbage pickup charge and other fees. The former White House chief of staff said the measures were necessary to restore the financial health.
While much of the debate before Wednesday’s 36-14 vote on the $7.8 billion budget was supportive, many aldermen said the consideration of it and connected revenue measures was a last resort. Part of Emanuel’s plan to shield more vulnerable residents from the property tax increase needs state lawmaker approval.
“None of this is easy,” said South Side Alderwoman Carrie Austin who voted in favour…
Mayor Rahm Emanuel proposed an incremental $543 million property tax increase for police and fire pensions, along with a separate $45 million property tax hike for school construction, a $9.50 monthly household garbage pickup charge and other fees. The former White House chief of staff said the measures were necessary to restore the financial health.
While much of the debate before Wednesday’s 36-14 vote on the $7.8 billion budget was supportive, many aldermen said the consideration of it and connected revenue measures was a last resort. Part of Emanuel’s plan to shield more vulnerable residents from the property tax increase needs state lawmaker approval.
“None of this is easy,” said South Side Alderwoman Carrie Austin who voted in favour…
Bombardier’s shares got a lift Wednesday after a published report suggested the Quebec government will be making a financial contribution to the embattled transportation giant.
Barrick posts bigger loss as belt-tightening begins amid falling gold prices
– canadianbusiness.com
TORONTO – Barrick Gold Corp. (TSX:ABX) has reported a net loss for the third-quarter, the first since the company embarked on a transformation plan designed to make it into a leaner company amid the plummeting price of bullion.
The Toronto-based gold miner after markets closed Wednesday that it lost US$264 million, or 23 cents a share, in the quarter, compared with a profit of US$125 million, or 11 cents per share, in the same period last year.
Barrick, which reports in American dollars, said in its last quarterly report that it was slashing its dividend by 60 per cent and would put some of its mines up for sale as part of nearly $2 billion in cuts.
The company said in its latest report that it made an adjusted profit of $131 million in the quarter, down from $253 million in the third quarter of last year.
Barrick took a $455-million impairment change related to its Zaldivar mine, offset by a $52-million gain from the sale of its Cowal mine and 50 per cent of its interest in it Porgera project…
The Toronto-based gold miner after markets closed Wednesday that it lost US$264 million, or 23 cents a share, in the quarter, compared with a profit of US$125 million, or 11 cents per share, in the same period last year.
Barrick, which reports in American dollars, said in its last quarterly report that it was slashing its dividend by 60 per cent and would put some of its mines up for sale as part of nearly $2 billion in cuts.
The company said in its latest report that it made an adjusted profit of $131 million in the quarter, down from $253 million in the third quarter of last year.
Barrick took a $455-million impairment change related to its Zaldivar mine, offset by a $52-million gain from the sale of its Cowal mine and 50 per cent of its interest in it Porgera project…
Bombardier shares gained more than 11 per cent today as reports suggested the aerospace firm is about to announce an investment from the Quebec government that would provide a lifeline to its long-delayed CSeries jet program.
Plan a better retirement with this free app
– moneysense.ca
(Image Source/Getty Images)Without clear priorities, even the best-laid plans will fail—and well-known U.S. behavioural economist Shlomo Benartzi wants you to know that saving for retirement without thinking carefully about what you really want to accomplish is no different. So he’s developed a free seven-step web-based retirement planning tool to help people identify and prioritize what they value most and what they want in their golden years—even taking into account best- and worst-case scenarios. After realizing your true wants and needs you can then build a viable financial plan around these goals, says Benartzi.
The post Plan a better retirement with this free app appeared first on MoneySense.
