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Reasons to consider early RRSP and RRIF withdrawals Oct 19th
Workers contribute to their registered retirement savings plans (RRSPs) during their working years, with the hope of paying a lower tax rate on withdrawals than the tax rate they save when contributing. Even if the tax rates are similar, there can be a benefit to the tax deferral and compounding of .... More »
High interest rates and unemployment: Expectations for June’s rate announcement + MORE May 10th
The odds of a June interest rate cut from the Bank of Canada (BoC) appear to have fallen after the latest jobs report from Statistics Canada showed employment jumped by 90,000 last month. The jobs gain far surpassed forecasters’ expectations and marked the largest employment increase in more than .... More »
Top Markets to Invest in Singapore 2020 Feb 29th
Looking to make new lucrative investments in 2020? Singapore is a great place to consider investing your hard-earned cash. Enabling you to gain exposure in a promising emerging market, there are a lot of benefits you can experience from Singapore investments.
Here, you’ll discover everything you n.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Dec 18th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
Looking for a mortgage in B.C.? Don’t limit your options to the big banks + MORE Apr 3rd
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
Obama touting economy on 5th anniversary of Lehman Brothers’ collapse
– canadianbusiness.com
WASHINGTON – President Barack Obama is seeking credit for an economic turnaround, using the fifth anniversary of the collapse of the Lehman Brothers investment bank to highlight signs of recovery and to warn against potentially market-rattling fights over the federal budget and the nation’s debt ceiling.
Obama was scheduled to address the state of the economy Monday in a Rose Garden speech, accompanied by a selection of Americans who the White House says have benefited from the administration’s policies. The event marks the start of a week-long focus on the economy after a month of preoccupation with the crisis in Syria.
For Obama, the anniversary of Lehman’s bankruptcy in 2008, which marked the beginning of the global financial crisis and played havoc with an economy already in recession, is an opportunity to confront public skepticism about his stewardship of the economy and to put down his marker for budget clashes with Congress in the weeks ahead.
The White House’s National Economic Council on Sunday issued a report detailing economic policies that it says have helped shore up the financial system and put the economy on a path toward growth…
Obama was scheduled to address the state of the economy Monday in a Rose Garden speech, accompanied by a selection of Americans who the White House says have benefited from the administration’s policies. The event marks the start of a week-long focus on the economy after a month of preoccupation with the crisis in Syria.
For Obama, the anniversary of Lehman’s bankruptcy in 2008, which marked the beginning of the global financial crisis and played havoc with an economy already in recession, is an opportunity to confront public skepticism about his stewardship of the economy and to put down his marker for budget clashes with Congress in the weeks ahead.
The White House’s National Economic Council on Sunday issued a report detailing economic policies that it says have helped shore up the financial system and put the economy on a path toward growth…
Asian stock markets rise after Lawrence Summers withdraws as candidate for Fed chair
– canadianbusiness.com
BANGKOK – Asian stock markets rose Monday after economist Lawrence Summers withdrew as a candidate to head the Federal Reserve, a development that many investors believe will prolong the U.S. central bank’s monetary stimulus. The dollar fell.
Analysts said Summers was perceived as unenthusiastic about the Fed’s aggressive bond-buying program, dubbed quantitative easing, which helped push down interest rates to spur lending and jumpstart economic growth following the financial and economic crisis five years ago. The program has also weakened the dollar and boosted stock markets. Investors in equities want to see it continue for as long as possible.
The news that Summers, considered the leading contender to succeed current Fed chairman Ben Bernanke, was no longer seeking President Barack Obama’s endorsement gave an immediate boost to stock markets in Asia.
His withdrawal means Fed vice chair Janet Yellen, a supporter of quantitative easing, “is firmly in pole position for running toward the top job,” said Stan Shamu, market analyst at IG in Melbourne, Australia…
Analysts said Summers was perceived as unenthusiastic about the Fed’s aggressive bond-buying program, dubbed quantitative easing, which helped push down interest rates to spur lending and jumpstart economic growth following the financial and economic crisis five years ago. The program has also weakened the dollar and boosted stock markets. Investors in equities want to see it continue for as long as possible.
The news that Summers, considered the leading contender to succeed current Fed chairman Ben Bernanke, was no longer seeking President Barack Obama’s endorsement gave an immediate boost to stock markets in Asia.
His withdrawal means Fed vice chair Janet Yellen, a supporter of quantitative easing, “is firmly in pole position for running toward the top job,” said Stan Shamu, market analyst at IG in Melbourne, Australia…
5.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
Build your wealth with $1,000 from MoneySense
– moneysense.ca
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The post Build your wealth with $1,000 from MoneySense appeared first on MoneySense.
Discovery Air reports marginal rise in Q2 profit to $9.2 million
– canadianbusiness.com
TORONTO – Canadian specialty aviation company Discovery Air Inc. (TSX:DA.A) says its second-quarter profit rose by 3 per cent to $9.2 million from $8.9 million in the same period last year.
Basic earnings per share rose to $0.63 during the quarter from $0.61 in the second quarter of 2012.
Profit for the six months that ended on July 31, 2013, declined sharply to $435,000 from $10.3 million in the same period last year.
Earnings per share for the period dropped to $0.03 from $0.71 in 2012.
In the second quarter, the company had revenues of $72 million, a 3 per cent decrease from the comparative period last year.
For the six months, revenues were down 9 per cent to $115 million from $127 million in 2012.
The company blamed lower flight activity as well as lower forest fire management activity for the decline in revenues.
But it says an increase in training services and maintenance and overhaul activity partially offset the decrease.
The post Discovery Air reports marginal rise in Q2 profit to $9…
Basic earnings per share rose to $0.63 during the quarter from $0.61 in the second quarter of 2012.
Profit for the six months that ended on July 31, 2013, declined sharply to $435,000 from $10.3 million in the same period last year.
Earnings per share for the period dropped to $0.03 from $0.71 in 2012.
In the second quarter, the company had revenues of $72 million, a 3 per cent decrease from the comparative period last year.
For the six months, revenues were down 9 per cent to $115 million from $127 million in 2012.
The company blamed lower flight activity as well as lower forest fire management activity for the decline in revenues.
But it says an increase in training services and maintenance and overhaul activity partially offset the decrease.
The post Discovery Air reports marginal rise in Q2 profit to $9…
