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Financial tips for University Students (and how to avoid an all-ramen diet) + MORE Oct 19th
Students cooking. (Maskot/Getty Images)
Students starting university experience a lot of firsts, including managing a household budget (even if he or she is the entire household). Here are nine student financial tips to help them manage their finances, get good value and minimize reckless spending..... More »
Stock news for investors: Iamgold expands, Teck advances merger talks, and Wealthsimple hits $100B milestone + MORE Oct 23rd
Here’s a round-up of news for Canadian investors this week.
Iamgold
Teck Resources
Mullen Group
Wealthsimple
West Fraser Timber
Featured RRSP Accounts
featured
EQ Bank
Bu.... More »
Hudson’s Bay to liquidate entire business, still seeking additional capital - Toronto Star Mar 15th
Hudson’s Bay to liquidate entire business, still seeking additional capital Toronto StarHudson’s Bay to start liquidating stores as early as next week CityNews TorontoHudson's Bay Company nearly $1B in debt, with court filings painting dire financial portrait CBC.... More »
How Green Card holders can get the most out of TFSAs and RRSPs + MORE Jan 7th
Getty Images/Chris Cheadle
Q. I am a Green Card holder as well as a Canadian resident, and have two questions: No.1. Which are the best securities to invest inside my TFSA to be “friendly” from an Internal Revenue Service and Federal Treasury Board (IRS/FTB) tax point of view? And .... More »
Don’t make these mistakes when investing in AI May 12th
Presented by CIBC
Photo: Stocksy
It’s easy to see why businesses would want to experiment with artificial intelligence: it can help identify pain points in a company’s workflow, leading to more efficient supply chains or internal processes, which saves time and money. It also allows workers to.... More »
Top Fed official warns bond portfolio could shrink soon
– canadianbusiness.com
A top Federal Reserve official suggested Monday that the Fed will likely announce next month that it will begin paring its bond portfolio—a step that could lead to slightly higher rates on mortgages and other loans.
In an interview with The Associated Press, William Dudley, president of the Federal Reserve Bank of New York, said he thinks the Fed has adequately prepared investors for a reduction in the portfolio, which swelled after the 2008 financial crisis as the Fed bought bonds to reduce long-term rates. With the economy now much healthier, the Fed is ready to begin selling some of those bonds.
Dudley also said that he would favour a third increase this year in the Fed’s benchmark short-term rate if the economy remained strong. Many investors expect a modest rate hike in December, to follow the Fed’s previous increases in March and June this year.
Speaking of the Fed’s likely September announcement that it will begin shrinking its $4.5 trillion bond portfolio, Dudley expressed confidence that investors would react calmly to the prospect of modestly higher rates on some consumer and business loans…
In an interview with The Associated Press, William Dudley, president of the Federal Reserve Bank of New York, said he thinks the Fed has adequately prepared investors for a reduction in the portfolio, which swelled after the 2008 financial crisis as the Fed bought bonds to reduce long-term rates. With the economy now much healthier, the Fed is ready to begin selling some of those bonds.
Dudley also said that he would favour a third increase this year in the Fed’s benchmark short-term rate if the economy remained strong. Many investors expect a modest rate hike in December, to follow the Fed’s previous increases in March and June this year.
Speaking of the Fed’s likely September announcement that it will begin shrinking its $4.5 trillion bond portfolio, Dudley expressed confidence that investors would react calmly to the prospect of modestly higher rates on some consumer and business loans…
Charyl Galpin takes new role with BMO Wealth Management
– theglobeandmail.com
The bank has declined to confirm the date Ms. Galpin departed Nesbitt Burns – or the individual who will be replacing her – stating that ‘an interim leadership structure is currently in place’
Canadian home prices rose two per cent in July from the month before, driven by the strongest real estate markets, but homes other than condos saw their sale prices decrease, according to the Teranet-National Bank House Price Index.
Canada’s 10 NAFTA demands: A list of what Canada wants as talks start this week
– canadianbusiness.com
Foreign Affairs Minister Chrystia Freeland released Canada’s list of key demands Monday for a new North American Free Trade Agreement as talks get set to begin in Washington later this week.
Freeland’s list, which is much shorter than the U.S. wish list of more than 100 items, includes:
1. A new chapter on labour standards. The original NAFTA included a labour section as an addendum, inserted into the agreement after Bill Clinton was elected and insisted on a few changes. Some officials in Canada and the U.S. have identified a goal of tougher labour rules: Increasing Mexican wages, to make auto plants in the other countries more affordable.
2. A new chapter on environmental standards. This was also added as an afterthought to the original NAFTA, placed there after Clinton’s election. Freeland says she wants a chapter that ensures no country can weaken environmental protection to attract investment. She also says it should support efforts against climate change.
3. A new chapter on gender rights…
Freeland’s list, which is much shorter than the U.S. wish list of more than 100 items, includes:
1. A new chapter on labour standards. The original NAFTA included a labour section as an addendum, inserted into the agreement after Bill Clinton was elected and insisted on a few changes. Some officials in Canada and the U.S. have identified a goal of tougher labour rules: Increasing Mexican wages, to make auto plants in the other countries more affordable.
2. A new chapter on environmental standards. This was also added as an afterthought to the original NAFTA, placed there after Clinton’s election. Freeland says she wants a chapter that ensures no country can weaken environmental protection to attract investment. She also says it should support efforts against climate change.
3. A new chapter on gender rights…
In rare move, Ottawa asks CRTC to reconsider rulings on investment in Canadian content
– theglobeandmail.com
Move comes after some groups raised concerns about broadcasters’ spending requirements for Canadian TV production
