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Before you RSVP, do the destination wedding math + MORE Jul 2nd
As destination weddings rise in popularity, guests face a financial dilemma: how to celebrate loved ones without derailing their own financial futures. When the wedding invitation arrives with a picture of a tropical beach or a European castle, it carries an unspoken price tag that can often reach $.... More »
Verizon reaches tentative deal to lower price of Yahoo sale: report + MORE Feb 15th
The revised deal would lower by about $250-million the price to acquire Yahoo’s core internet assets
.... More »
Food App Couriers Rely on Tips—but Customers Are No Longer Feeling Generous + MORE Aug 23rd
Food-app delivery workers are becoming more and more frustrated with the tips they are receiving from customers. On social media, people who work for apps like Uber Eats, Skip the Dishes and DoorDash are posting videos of their daily earnings, revealing they can make as little as $3 per order—that.... More »
Berkshire bulks up in real estate with Store Capital stake + MORE Jun 26th
Investor spends $377.1-million on shares in the REIT, giving it a nearly 10-per-cent stake
.... More »
What does a fee-only financial planner do, exactly? Sep 16th
Q. How do you make money, Jason, if you don’t sell any products?
–Rob
A. Your question is a good one that I get a lot, Rob—even from people in the industry. So let me explain.
Something that I like to reinforce frequently is that I do not sell any financial products. I feel this is an import.... More »
Canada’s super-rich: top 1% are a smidge less wealthy
– macleans.ca
OTTAWA – Canada’s mega-rich lost ground to the other 99 per cent, say newly released figures from Statistics Canada.
The top one per cent of Canadian earners saw their share of the country’s overall income tumble to a six-year low in 2012, the agency said in a report Tuesday.
The wealthiest Canadians, the data show, held 10.3 per cent of total earnings, a drop from a peak of 12.1 per cent in 2006.
To qualify for the exclusive club, the report said an individual had to earn a minimum of $215,700 in 2012, a feat achieved by 261,365 people who filed taxes that year.
Women represented 21.3 per cent of the ranks of Canada’s super-wealthy in 2012 — nearly double their proportion of 11.4 per cent in 1982.
“Although Canadian men represent the vast majority of the top income groups, the number and share of women in (the) top one per cent reached a 31-year high in 2012,” said the Statistics Canada report, which also elaborated on how much the gap narrowed overall…
The top one per cent of Canadian earners saw their share of the country’s overall income tumble to a six-year low in 2012, the agency said in a report Tuesday.
The wealthiest Canadians, the data show, held 10.3 per cent of total earnings, a drop from a peak of 12.1 per cent in 2006.
To qualify for the exclusive club, the report said an individual had to earn a minimum of $215,700 in 2012, a feat achieved by 261,365 people who filed taxes that year.
Women represented 21.3 per cent of the ranks of Canada’s super-wealthy in 2012 — nearly double their proportion of 11.4 per cent in 1982.
“Although Canadian men represent the vast majority of the top income groups, the number and share of women in (the) top one per cent reached a 31-year high in 2012,” said the Statistics Canada report, which also elaborated on how much the gap narrowed overall…
Ivanhoé latest Canadian fund to seek prized property abroad
– theglobeandmail.com
According to data from Real Capital Analytics, Canadians have been the single largest buyer of U.S.-based commercial real estate since 2010
Netflix plans to expand into Australia and New Zealand in March
– canadianbusiness.com
LOS GATOS, Calif. – Netflix says it plans to expand into Australia and New Zealand in March.
The online movie and television provider said Tuesday that details on pricing will be available later.
The Los Gatos, California-based company has about 53 million subscribers in the U.S. and internationally. It grew to Canada in 2010, expanded to Latin America in 2011 and in 2012 began rollouts in European countries.
In the most recent quarter, subscriber growth fell short of company forecasts because of a price increase in the U.S., and Netflix is dealing with tougher competition from Amazon and Hulu. HBO is also planning an Internet package in the U.S. next year.
Shares of Netflix Inc. fell 11 cents to close at $381.03 Tuesday. The stock is up 3.5 per cent this year.
The post Netflix plans to expand into Australia and New Zealand in March appeared first on Canadian Business.
The online movie and television provider said Tuesday that details on pricing will be available later.
The Los Gatos, California-based company has about 53 million subscribers in the U.S. and internationally. It grew to Canada in 2010, expanded to Latin America in 2011 and in 2012 began rollouts in European countries.
In the most recent quarter, subscriber growth fell short of company forecasts because of a price increase in the U.S., and Netflix is dealing with tougher competition from Amazon and Hulu. HBO is also planning an Internet package in the U.S. next year.
Shares of Netflix Inc. fell 11 cents to close at $381.03 Tuesday. The stock is up 3.5 per cent this year.
The post Netflix plans to expand into Australia and New Zealand in March appeared first on Canadian Business.
Canadians hold more than a trillion dollars in mutual funds: IFIC
– canadianbusiness.com
TORONTO – Canadian mutual funds investors continued to favour balanced funds in October, according to the Investment Funds Institute of Canada.
IFIC says the industry’s overall net sales last month totalled $2.55 billion, up from $1.7 billion in October 2013.
Net sales of balanced funds, which hold a variety of assets, were $2.27 billion, up from $2.095 billion a year ago.
Bond fund net sales in October were $363.5 million compared with net redemptions of $1.5 billion in the same month a year ago.
Equity fund net redemptions in October were lower at $229.2 million versus net sales of $1.202 billion year over year.
Mutual fund assets under management in October totalled $1.123 trillion, up 15.6 per cent from a year ago.
The post Canadians hold more than a trillion dollars in mutual funds: IFIC appeared first on Canadian Business.
IFIC says the industry’s overall net sales last month totalled $2.55 billion, up from $1.7 billion in October 2013.
Net sales of balanced funds, which hold a variety of assets, were $2.27 billion, up from $2.095 billion a year ago.
Bond fund net sales in October were $363.5 million compared with net redemptions of $1.5 billion in the same month a year ago.
Equity fund net redemptions in October were lower at $229.2 million versus net sales of $1.202 billion year over year.
Mutual fund assets under management in October totalled $1.123 trillion, up 15.6 per cent from a year ago.
The post Canadians hold more than a trillion dollars in mutual funds: IFIC appeared first on Canadian Business.
New game on the block: Welcome to ‘StockCity,’ where virtual reality meets Wall Street
– canadianbusiness.com
SAN FRANCISCO – Financial planning often involves lots of spreadsheets, pie charts and eyes glazing over.
Fidelity Investments aims to change that equation with an experiment in 3-D technology designed to make money management seem more like a mesmerizing video game than mundane number crunching. Welcome to “StockCity,” a virtual-reality landscape dotted with skyscrapers representing the stocks in a person’s investment portfolio. A Web version is being released Wednesday at http://www.fidelitylabs.com , but StockCity ultimately is meant to be viewed on the Oculus Rift, a virtual-reality headset that still hasn’t been released on the mass market.
StockCity’s architecture changes with the fluctuations on Wall Street. The heights of the buildings are determined by the prices of the stocks in an investment portfolio, while the widths are based on the number of outstanding shares. When the market is open, it’s daytime in StockCity, and night falls when the market closes…
Fidelity Investments aims to change that equation with an experiment in 3-D technology designed to make money management seem more like a mesmerizing video game than mundane number crunching. Welcome to “StockCity,” a virtual-reality landscape dotted with skyscrapers representing the stocks in a person’s investment portfolio. A Web version is being released Wednesday at http://www.fidelitylabs.com , but StockCity ultimately is meant to be viewed on the Oculus Rift, a virtual-reality headset that still hasn’t been released on the mass market.
StockCity’s architecture changes with the fluctuations on Wall Street. The heights of the buildings are determined by the prices of the stocks in an investment portfolio, while the widths are based on the number of outstanding shares. When the market is open, it’s daytime in StockCity, and night falls when the market closes…
