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Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing - CBC Jan 8th
Ford warns Carney not to cut tariffs on Chinese EVs as PM looks to repair ties with Beijing CBCChina may try to use Carney’s visit to drive a wedge between Ottawa and Washington: Kovrig CTV NewsPrime Minister Carney to diversify Canada’s trade, attract new investment, and s.... More »
Borrowing money to invest Jun 10th
There are different ways to borrow to invest.
Opening a margin account
A simple option is with a margin account at a brokerage. Depending on the existing investments in the account, a brokerage will lend up to a certain percentage of the value to an investor, at a specified interest rate.
The amount.... More »
Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble - The Globe and Mail Aug 6th
Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble The Globe and MailBuffett’s Berkshire Reduces Buybacks Amid Stock-Purchasing Spree BNNBerkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout CNBCBerksh.... More »
Canadian marijuana stocks have a serious accounting problem + MORE Jan 24th
(Lars Hagberg/AFP/Getty)
Depending on your point of view, the burgeoning marijuana industry in Canada is either an unprecedented opportunity to rake in huge profits as recreational use becomes legal, or a speculative bubble that will eventually pop. When forensic accountant Al Rosen looks at the sec.... More »
Prepare for a 10% minimum down payment + MORE Dec 4th
The federal Department of Finance is seriously considering weighing in on Canada’s housing market by raising the minimum down payment on a home purchase from 5% to up to 10%. The announcement could come as early as January 2016.
According to RateSpy.com founder and independent mortgage broker Ro.... More »
CFP Financial Planning Ethics Commitment or Not?
– http://canadianfinancialdiy.blogspot.ca
The Financial Planning Standards Council of Canada lays out the expected ethics of the best-known and most-common certification for financial planners in Canada, the Certified Financial Planner (CFP).The FPSC’s Definitions Standards and Competencies pdf lays out a laudable and crystal clear commitment to the public:”Principle 1: client first A financial planner shall always place the client’s interests first”But hold on, wait a minute, don’t hold them to it, “Each principle of the Code presents the expected behaviours of financial planners. The Code is designed to guide professionals in their practice but does not undertake to define the standards of professional conduct of financial planners for the purposes of civil liability.” [red highlight mine] Such prevarication does the supposed profession more harm than good. The only good thing is that the statement is out in the open whereas a lot of the other self-styled financial planners / advisors obfuscate, and try to have the public believe the client’s best interest drives the advice but in fact it is not even a hoped-for aim.
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