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Stocks mixed as Wall Street braces for Fed meeting: Stock market news today - Yahoo Finance Sep 18th
Stocks mixed as Wall Street braces for Fed meeting: Stock market news today Yahoo FinanceNot a good look for equities ahead of US trading ForexLive5 things to know before the stock market opens Monday CNBCStock market today: Wall Street drifts ahead of Fed meeting as.... More »
$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
5 things to watch in Canada's housing market this year Jan 2nd
Real estate was a big topic in the business world in 2017, and with some major changes on the horizon, the subject is likely to dominate headlines again this year. Here are five things to watch in Canadian real estate..... More »
House Speaker denies Poilievre’s request for emergency debate on Canada’s economy - CTV News + MORE Jun 2nd
House Speaker denies Poilievre’s request for emergency debate on Canada’s economy CTV NewsCanada Dips Into Technical Recession for First Time Since 2020 Bloomberg.comAre we in a recession? ‘Be careful’ with indicators, says Bank of Canada Global NewsPoilievre.... More »
Ladies, here’s how to DIY your first financial plan + MORE Jul 9th
If your net worth is growing, your financial plan is working..... More »
Stick with one advisor
– moneysense.ca
Q: One investment firm currently manages all of our investments.This includes RRSPs, TFSAs and non-registered accounts. As our portfolio grows should we split our life savings across more than one management firm?—Elaine Jin, Toronto
A: Are you happy where you are? Are you getting the investment performance and service you want? If yes, you should keep all your money in one place. Sure, you want to mitigate risk by diversifying. But do that across different asset classes not investment firms. Having one great advisor, who understands your complete financial picture, means a better managed portfolio, in terms of risk and minimized taxes. And the larger your combined accounts, the more you should be able to negotiate lower fees (assuming you’re with a fee-based firm). All that said, if you answered no to my initial question and aren’t 100% satisfied with your current firm, go interview a few others and see what they can offer in terms of fees and additional services like tax preparation and estate planning…
Biotech in India: the promise of disease-resistant bed sheets, and more
– theglobeandmail.com
The country’s investment in biotechnology startups is encouraging ground-breaking research
Mortgage rates are rising
– moneysense.ca
Mortgage rates have been so low, for so long, that it almost feels like they’ll never rise. Even the Bank of Canada’s latest decision to keep overnight target rates at 0.5% is the equivalent of saying: We’re keeping with the status quo.
But according to media reports banks have quietly increased their own prime lending rate by 0.5%, thereby reducing the discount for new variable-rate mortgages amounts.
“It’s a bit overstated,” says RateSpy.com founder and independent mortgage broker, Robert McLister, but the fact remains: lenders have tightened the discount new borrowers can expect on variable-rate mortgages.
The most competitive lenders—typically those that work with independent mortgage brokers and specialize in mortgage lending—raised their rates by 0.15% to 0.25%, while some major banks increased their variable rates by as much as 0.25%.
How does that translate if you’re currently shopping for a mortgage? It means you can no longer find a 2.39% five-year variable rates, says Jake Abramowicz, an independent mortgage broker…
But according to media reports banks have quietly increased their own prime lending rate by 0.5%, thereby reducing the discount for new variable-rate mortgages amounts.
“It’s a bit overstated,” says RateSpy.com founder and independent mortgage broker, Robert McLister, but the fact remains: lenders have tightened the discount new borrowers can expect on variable-rate mortgages.
The most competitive lenders—typically those that work with independent mortgage brokers and specialize in mortgage lending—raised their rates by 0.15% to 0.25%, while some major banks increased their variable rates by as much as 0.25%.
How does that translate if you’re currently shopping for a mortgage? It means you can no longer find a 2.39% five-year variable rates, says Jake Abramowicz, an independent mortgage broker…
Before the Bell: Equities rise, U.S. stocks set to outperform
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Carrick best reads: The world’s worst career advice
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick
