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Making sense of the markets this week: September 14 + MORE Sep 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Tesla snubbed by the S&P 500, and now it’s getting hit on all sides
What a difference a week can make.
In last week’s column, we discussed how Tesla’s valuation wa.... More »
Retirement planning advice for people who don’t use an advisor + MORE Jun 19th
Given that the financial media has long spent an inordinate amount of space on the topic of retirement, it seems the time was right for a retirement club devoted to Canadians on or near the cusp of retirement.
A few months ago, the Retirement Club for Canadians was launched by occ.... More »
How the federal budget will affect income tax + MORE Mar 23rd
With budget 2016, we are starting to see a commitment to the process of tax simplification. As promised, the Liberals made changes to the federal income tax brackets. Starting in 2016, the middle class income tax bracket will drop from 22% to 20.5%. That means if your taxable income is between $45,.... More »
Making sense of the markets this week: January 21, 2024 Jan 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Bitcoin goes mainstream—the exact stream that was supposed to run dry
I remember a few short years ago, bitcoin truthe.... More »
Should you do options trading? + MORE Nov 8th
Options trading has found its place in the do-it-yourself world of young investors, opening possibilities of cashing in on high returns in short order. But it can be a risky game, experts say. Wider access to options trading on DIY platforms has democratized an area of the market once cornered by fi.... More »
Norway’s national energy company Statoil swimming against market tides
– theglobeandmail.com
Despite slashing costs across the board, state oil producer has so far maintained its dividend, and it may actually consider raising the payout
Can Alphabet, already the world’s most valuable firm, hit $1,000?
– theglobeandmail.com
There are almost too many data points to pull out of Alphabet Inc.’s fourth-quarter earnings report that might help explain the stock’s subsequent rise
Toyota Credit settles US discrimination allegations
– canadianbusiness.com
DETROIT – Toyota Motor Credit Corp. will pay $21.9 million to black and Asian borrowers as part of a settlement over alleged discriminatory lending.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found that dealers were marking up interest rates on loans to minority buyers between 2011 and 2016. Under the settlement, Toyota will cap the amount dealers can mark up a loan.
Toyota Motor Credit is the nation’s largest captive auto lender. The company denies wrongdoing and said it didn’t know the race of credit applicants, but agreed to the settlement because it was fair to customers and dealers.
Toyota is the latest auto lender to settle a discrimination case. Ally Financial and Honda’s U.S. finance arm have reached similar settlements.
The post Toyota Credit settles US discrimination allegations appeared first on Canadian Business – Your Source For Business News.
The U.S. Department of Justice and the Consumer Financial Protection Bureau announced the settlement Tuesday.
A government investigation found that dealers were marking up interest rates on loans to minority buyers between 2011 and 2016. Under the settlement, Toyota will cap the amount dealers can mark up a loan.
Toyota Motor Credit is the nation’s largest captive auto lender. The company denies wrongdoing and said it didn’t know the race of credit applicants, but agreed to the settlement because it was fair to customers and dealers.
Toyota is the latest auto lender to settle a discrimination case. Ally Financial and Honda’s U.S. finance arm have reached similar settlements.
The post Toyota Credit settles US discrimination allegations appeared first on Canadian Business – Your Source For Business News.
Canadian pension funds plummet amid global market volatility
– theglobeandmail.com
Funding solvency drops as bond yields fall and investment portfolios post losses
More ETFs and SmartFolios for your portfolio
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
As customer expectations change, looks like the financial industry is trying to keep pace. Recently TD Asset Management decided to launch its own suite of Exchange Traded Funds (ETFs). This makes TD the third “big bank” player to provide its own suite of ETFs, following Royal Bank (RY) and Bank of Montreal (BMO). I recall this is the second time TD has tried to launch its own suite of ETFs, the first time was a failure due to lagging growth – how times quickly change.
Also in the news BMO Wealth Management group is launching SmartFolio, a new personalized portfolio management service. I suspect this initiative is in response to and to compete with other blended approaches to manage investor portfolios such as those provided by robo-advisors like Wealthsimple and Nest Wealth, among others. You can check out my overview of Wealthsimple including my interview with CEO Michael Katchen here. Staying with Wealthsimple for a moment, it recently acquired boomer-oriented ShareOwner…
As customer expectations change, looks like the financial industry is trying to keep pace. Recently TD Asset Management decided to launch its own suite of Exchange Traded Funds (ETFs). This makes TD the third “big bank” player to provide its own suite of ETFs, following Royal Bank (RY) and Bank of Montreal (BMO). I recall this is the second time TD has tried to launch its own suite of ETFs, the first time was a failure due to lagging growth – how times quickly change.
Also in the news BMO Wealth Management group is launching SmartFolio, a new personalized portfolio management service. I suspect this initiative is in response to and to compete with other blended approaches to manage investor portfolios such as those provided by robo-advisors like Wealthsimple and Nest Wealth, among others. You can check out my overview of Wealthsimple including my interview with CEO Michael Katchen here. Staying with Wealthsimple for a moment, it recently acquired boomer-oriented ShareOwner…
