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Latest News
When do segregated funds make sense? + MORE Dec 23rd
Q: We have $320,000 in a balanced portfolio in a LIRA. Our insurance agent wants us to transfer this money to segregated funds. I don’t think this is a wise move for us as we are close to retirement age. Am I right? And when do segregated funds make sense?
— Roger
A: You are right to be skepti.... More »
Donald Trump’s tweets about rising stock prices plotted against the market decline + MORE Feb 10th
At one point on Friday Feb. 9, the Dow Jones Industrial Average fell to its lowest level since late November, before rebounding. Since January 26, the Dow has dropped close to 10 per cent, the first significant decline in stock prices since Donald Trump moved into the White House.
Before the downtur.... More »
Canada's ultra-wealthy getting richer faster than the rest of us, report shows Sep 9th
Canada ranks fifth in the world when it comes to its population of people that have a net worth of at least $30 million US — beating out the likes of Switzerland and Hong Kong — according to a new wealth study..... More »
Valeant Pharmaceuticals plans to bump up bid for Allergan + MORE Oct 8th
Top of the Morning
The Financial Times’ Martin Wolf shares his gloomy view of what’s been driving global economic progress for the past 25 years:
Without an unsustainable credit boom somewhere, the world economy seems incapable of generating growth in demand sufficient to absorb potenti.... More »
How to explain net worth to your kids + MORE Sep 12th
Your net worth is the sum of all your assets and liabilities. It’s a basic calculation that will help determine your financial worthiness with banks and creditors. If you want to buy a house, rent a car or just get an apartment, it’s an important figure to know.
1. “You make $200 a week, right.... More »
Don’t call him a robo-adviser
– moneysense.ca
(iStock)Another ETF-based portfolio service is launching in Canada, pending regulatory approval. Wealth Simple charges a 0.5% annual fee for a “light-advice” model, with the fee tapering down at higher levels of wealth. Accounts start at $5,000, with founder Michael Katchen overseeing the building and rebalancing of ETF portfolios from several fund companies. Some call this a “robo-adviser” service, but Katchen says each client gets an adviser made of flesh and blood.
The post Don’t call him a robo-adviser appeared first on MoneySense.
By Rachel Browne
As the battle intensifies to woo foreign students to western universities, a new report says Canada is a roadblock to its own success.
One of the reasons Canada—with 120,000 international students—trails countries such as England, with 427,000, and Australia, with almost 250,000 (all numbers from a 2011 UNESCO report ), is the lack of a unified brand to promote itself, according to the report released Tuesday by the Council of Chief Executives and the Canadian International Council. That’s because the provinces have sole jurisdiction over education; Canada is the only developed country without a national education ministry.
“This puts us at a disadvantage in that everyone chooses to go their own way,” says Bernard Simon, author of the report and a former Financial Times correspondent in Canada. “People know about Canada. They don’t know about Nova Scotia, they don’t know about the University of Manitoba.”
Just ask the Cape Breton University. Like other Canadian schools struggling with declining enrolment, its foreign recruiting has resulted in a university population where 30 per cent of more than 2,500 students come from outside Canada…
As the battle intensifies to woo foreign students to western universities, a new report says Canada is a roadblock to its own success.
One of the reasons Canada—with 120,000 international students—trails countries such as England, with 427,000, and Australia, with almost 250,000 (all numbers from a 2011 UNESCO report ), is the lack of a unified brand to promote itself, according to the report released Tuesday by the Council of Chief Executives and the Canadian International Council. That’s because the provinces have sole jurisdiction over education; Canada is the only developed country without a national education ministry.
“This puts us at a disadvantage in that everyone chooses to go their own way,” says Bernard Simon, author of the report and a former Financial Times correspondent in Canada. “People know about Canada. They don’t know about Nova Scotia, they don’t know about the University of Manitoba.”
Just ask the Cape Breton University. Like other Canadian schools struggling with declining enrolment, its foreign recruiting has resulted in a university population where 30 per cent of more than 2,500 students come from outside Canada…
TSX closing in on record high close
– thestar.com
Oil prices and bank shares have send Canada’s premier stock market index to its highest level in six years.Businessman accused of swindling churchgoers nationwide is arrested on federal fraud charges
– canadianbusiness.com
ATLANTA – A businessman accused of swindling churchgoers in an investment scheme was arrested Tuesday on fraud charges, federal prosecutors in Atlanta said.
The arrest of Ephren Taylor II, 31, came a week after he was indicted by a federal grand jury, prosecutors said. Taylor and a co-defendant are charged with conspiracy and multiple counts each of mail fraud, wire fraud, and money laundering, according to the indictment.
Taylor, former chief executive of North Carolina-based City Capital Corporation, is accused of convincing members of mostly African-American church congregations across the country to invest in small businesses — such as juice bars and gas stations — when prosecutors claim he really used their money to pay personal expenses.
Taylor and another former City Capital executive, Wendy Jean Connor, conspired between April 2009 and October 2010 to defraud hundreds of investors out of millions of dollars, prosecutors said, adding that Taylor travelled the country presenting “Building Wealth Tour” seminars to churchgoers…
The arrest of Ephren Taylor II, 31, came a week after he was indicted by a federal grand jury, prosecutors said. Taylor and a co-defendant are charged with conspiracy and multiple counts each of mail fraud, wire fraud, and money laundering, according to the indictment.
Taylor, former chief executive of North Carolina-based City Capital Corporation, is accused of convincing members of mostly African-American church congregations across the country to invest in small businesses — such as juice bars and gas stations — when prosecutors claim he really used their money to pay personal expenses.
Taylor and another former City Capital executive, Wendy Jean Connor, conspired between April 2009 and October 2010 to defraud hundreds of investors out of millions of dollars, prosecutors said, adding that Taylor travelled the country presenting “Building Wealth Tour” seminars to churchgoers…
