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Latest News
Ground rules for adult children returning home + MORE Feb 2nd
TORONTO — Certified financial planner Rona Birenbaum says it’s becoming common for her to walk clients through the emotionally fraught terrain of providing financial support to adult children returning home.
The Toronto-based founder of Caring for Clients attributes the growing phenomenon t.... More »
Hit and run China's communists take control of tech - The Economist Jul 8th
Hit and run China's communists take control of tech The EconomistChina tries to quell investor fears about internet companies Yahoo Canada FinanceDidi extends slump as China weighs changes to US IPO rules BNNOwning Chinese Companies Is Complicated Bloomber.... More »
Stock news for investors: Q4 results from Manulife, Sun Life, Air Canada, and more Feb 13th
Here’s a round-up of news for Canadian investors this week.
Manulife
Sun Life
Cineplex
Air Canada
Brookfield Corp.
Fortis
Featured RRSP Accounts
featured
EQ Bank
Build.... More »
Buying ETFs in Canada Tool: The MoneySense ETF Screener + MORE Nov 10th
If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year retu.... More »
Former Fed chair Greenspan sees no stock excess, warns of bond market bubble + MORE Aug 1st
While the consensus of forecasters is still for low rates to persist, Alan Greenspan isn’t alone in warning they will break higher quickly
.... More »
Business Highlights
– canadianbusiness.com
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China assures US no devaluation, pushing reforms forward
BEIJING (AP) — China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday that his government is pressing ahead with painful reforms to shrink bloated coal and steel industries and ruled out devaluing China’s currency.
Premier Li Keqiang’s comments were in line with a joint declaration by financial officials from the Group of 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
Beijing is under pressure to reassure global financial markets it has its economy under control following stock and currency turmoil.
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Late selling leaves stocks down for third straight month
NEW YORK (AP) — Late-day selling pushed U.S. stocks to a loss for the day and erased nearly all of the market’s gains for the month.
Nine of the 10 market sectors fell Monday — only utilities managed a slight gain — as investors lost enthusiasm for stocks after two straight weekly gains…
China assures US no devaluation, pushing reforms forward
BEIJING (AP) — China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday that his government is pressing ahead with painful reforms to shrink bloated coal and steel industries and ruled out devaluing China’s currency.
Premier Li Keqiang’s comments were in line with a joint declaration by financial officials from the Group of 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
Beijing is under pressure to reassure global financial markets it has its economy under control following stock and currency turmoil.
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Late selling leaves stocks down for third straight month
NEW YORK (AP) — Late-day selling pushed U.S. stocks to a loss for the day and erased nearly all of the market’s gains for the month.
Nine of the 10 market sectors fell Monday — only utilities managed a slight gain — as investors lost enthusiasm for stocks after two straight weekly gains…
How to leave more assets to your heirs
– moneysense.ca
Q: I’d like to give my children about $100,000 as a cash gift to get it out of my estate and away from the tax man. Is it possible?
—B & R, Kelowna, B.C.
A: Cash is king when it comes to passing a gift to your kids. “There will be no tax payable on the gift by either the donor or donee as Canada doesn’t have gift or estate tax,” says Grace Chow, a tax specialist at Cadesky and Associates in Toronto. However, if the gift is in the form of an asset, like a cottage, the asset will be deemed to be disposed at fair market value and you will owe tax on 50% of the appreciable gains. I wouldn’t call it a tax grab, but I think you might.
The post How to leave more assets to your heirs appeared first on MoneySense.
—B & R, Kelowna, B.C.
A: Cash is king when it comes to passing a gift to your kids. “There will be no tax payable on the gift by either the donor or donee as Canada doesn’t have gift or estate tax,” says Grace Chow, a tax specialist at Cadesky and Associates in Toronto. However, if the gift is in the form of an asset, like a cottage, the asset will be deemed to be disposed at fair market value and you will owe tax on 50% of the appreciable gains. I wouldn’t call it a tax grab, but I think you might.
The post How to leave more assets to your heirs appeared first on MoneySense.
MBIA posts 4Q profit
– canadianbusiness.com
PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Monday reported fourth-quarter profit of $82 million.
The Purchase, New York-based company said it had net income of 54 cents per share. Earnings, adjusted for non-recurring gains, came to 6 cents per share.
The insurance and reinsurance company posted revenue of $297 million in the period.
For the year, the company reported profit of $180 million, or $1.06 per share. Revenue was reported as $853 million.
MBIA shares have increased nearly 6 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, a decline of 24 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at http://www.zacks.com/ap/MBI
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Keywords: MBIA, Earnings Report
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The post MBIA posts 4Q profit appeared first on Canadian Business – Your Source For Business News.
The Purchase, New York-based company said it had net income of 54 cents per share. Earnings, adjusted for non-recurring gains, came to 6 cents per share.
The insurance and reinsurance company posted revenue of $297 million in the period.
For the year, the company reported profit of $180 million, or $1.06 per share. Revenue was reported as $853 million.
MBIA shares have increased nearly 6 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, a decline of 24 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at http://www.zacks.com/ap/MBI
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Keywords: MBIA, Earnings Report
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The post MBIA posts 4Q profit appeared first on Canadian Business – Your Source For Business News.
How to get millennials to start saving for retirement
– moneysense.ca
Irvin Ho, a 25-year-old business grad from Simon Fraser University, only recently started thinking about his financial goals. Two years ago, he put $10,000 in savings into a self-directed portfolio invested in index funds. Warming to the pastime, Ho, along with two friends, launched a website called Young Guys Finance that introduces the basic concepts of investing to their contemporaries via online video courses and boot camps at their alma mater.
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
CBC.caCanada-EU amend controversial investment protection clause in CETA dealCBC.caThe Canadian government has made some amendments to the controversial investment protection clause in the Canada-EU trade deal, says International Trade Minister Chrystia Freeland. Freeland provided an update on the Canada-EU Comprehensive …and more »
