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RRSP.ORG – Registered Retirement Savings Plan Dec 2nd
Registered Retirement Savings Plan
RRSP.ORG
Canadian Registered Retirement Savings Plan Organization is exactly that; the organization part of the best gift Canadian’s could get from the government to promote and encourage Canadian capital markets. Registered is the keyword and tax differed is.... More »
Why “unretirement” may be the fate of so many Canadians Mar 13th
The idea of “unretirement” seems to be making a comeback as more Canadians find themselves under economic stress. Even before the tariff threats emerged under Trump 2.0, seniors and near-retirees were finding the economic uncertainty and rising cost of living becoming uncomfortable. No surprise .... More »
How Newfoundland’s Chase the Ace contest works + MORE Aug 30th
ST. JOHN’S, N.L. — A small community outside St. John’s, N.L., was a traffic-clogged madhouse Wednesday, as tens of thousands of people sought sudden wealth in the finale of a much-watched, big-money Chase the Ace contest.
“There’s a lot of big orders coming — people ar.... More »
Canadians are reconsidering relationships over money, survey finds + MORE Feb 25th
When you’re starting a relationship, money might not be the first topic on your mind—but it can make or break a partnership. According to the 2026 Love and Money Benchmark Survey from Money Mentors, nearly 1 in 5 Canadians (17%) have considered ending a relationship because of financial issues.... More »
Managing debt to build wealth + MORE Aug 21st
It’s an eyebrow-raising trend: non-mortgage delinquencies have reached levels not seen since 2009, according to a report by Equifax, one of the three largest consumer credit reporting agencies. Specifically, 1.4 million people in Canada have recently missed a credit payment.
But it’s no.... More »
My Own Advisor Interview with Peter Hodson – Part 1
– myownadvisor.ca
With 30 years of investment experience, a founding partner of Synergy Mutual Funds (acquired by CI Financial in 2003), former Chairman of Sprott Asset Management LP, Editor of Canadian MoneySaver and CEO of 5i Research, Peter Hodson has a lot to share. Read on for Part 1 in my interview with Peter.
My Own Advisor: Thanks again for this interview Peter. So, where and when did investing begin for you?
I actually bought my first stock when I was 11, in Ottawa. It was Mitel Corp., an Ottawa company. I had a paper route, and scraped together $300. Mitel took off, and in 18 months my $300 was worth $1400 or so. I thought that was a much better way of making money than carrying newspapers around every day. Alas, though, I sold Mitel, and decided (for some reason only a 12-year old might come up with) to buy a company called Vulcan Packaging. It made explosive-proof containers, or something like that. In a year, my $1400 was back down to $300. I decided I needed to find out what had just happened to all my money…
My Own Advisor: Thanks again for this interview Peter. So, where and when did investing begin for you?
I actually bought my first stock when I was 11, in Ottawa. It was Mitel Corp., an Ottawa company. I had a paper route, and scraped together $300. Mitel took off, and in 18 months my $300 was worth $1400 or so. I thought that was a much better way of making money than carrying newspapers around every day. Alas, though, I sold Mitel, and decided (for some reason only a 12-year old might come up with) to buy a company called Vulcan Packaging. It made explosive-proof containers, or something like that. In a year, my $1400 was back down to $300. I decided I needed to find out what had just happened to all my money…
Journalists vindicated as Ukraine’s ‘Gas King’ faces financial scrutiny
– theglobeandmail.com
Vladimir Fedorin warned Forbes Media against allowing Sergey Kurchenko to buy the magazine, and now the businessman is being investigated for embezzlement
Business Highlights
– canadianbusiness.com
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How investors may be getting fooled by buybacks
NEW YORK (AP) — If you’re puzzled why the U.S. stock market has risen so fast in a slow-growing economy, consider the stock buyback.
Companies are increasingly engaged in massive stock buyback programs, which reduce the number of its shares in circulation by purchasing them from investors. Spreading earnings over fewer shares translates into higher earnings per share.
It’s a common practice but is one that has exaggerated the health of many companies. Critics say the obsessive focus on buybacks has led companies to put off replacing plant and equipment, funding research and development, and generally doing the kind of spending needed to produce long-term profits.
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US House committee investigating GM recall
DETROIT (AP) — A congressional committee is investigating the way General Motors and a federal safety agency handled a deadly ignition switch problem.
House Energy and Commerce Committee Chairman Fred Upton of Michigan says the National Highway Traffic Safety Administration received a large number of complaints about the problem during the past decade…
How investors may be getting fooled by buybacks
NEW YORK (AP) — If you’re puzzled why the U.S. stock market has risen so fast in a slow-growing economy, consider the stock buyback.
Companies are increasingly engaged in massive stock buyback programs, which reduce the number of its shares in circulation by purchasing them from investors. Spreading earnings over fewer shares translates into higher earnings per share.
It’s a common practice but is one that has exaggerated the health of many companies. Critics say the obsessive focus on buybacks has led companies to put off replacing plant and equipment, funding research and development, and generally doing the kind of spending needed to produce long-term profits.
___
US House committee investigating GM recall
DETROIT (AP) — A congressional committee is investigating the way General Motors and a federal safety agency handled a deadly ignition switch problem.
House Energy and Commerce Committee Chairman Fred Upton of Michigan says the National Highway Traffic Safety Administration received a large number of complaints about the problem during the past decade…
Chartwell selling 14 retirement residences across Ontario for $65.9M
– canadianbusiness.com
MISSISSAUGA, Ont. – Chartwell Retirement Residences (TSX:CSH.UN) is selling what it calls a non-core portfolio of 14 retirement residences in Ontario for $65.9 million.
The sale price of the residences, comprised of 945 suites, includes the assumption of mortgages with an outstanding balance of some $19.5 million by the purchaser, who was not identified.
Chartwell will provide vendor take-back mortgages against certain properties in the amount of $6 million, the company .
Closing of the transaction is expected in the second quarter of 2014.
“The sale of this Portfolio is in line with our strategy to divest assets that we consider non-core,” Chartwell president and CEO Brent Binions said in announcing the deal Tuesday, adding that his company would work with the purchaser “to minimize the impact of the transition on residents and staff.”
Following is the list of properties being sold: Atrium Retirement Residence, Orillia; Atrium Villa Retirement Residence, Hamilton; Cobourg Retirement Residence, Cobourg; Devonshire Retirement Residence, Windsor; Gravenhurst Retirement Residence, Gravenhurst; Maple Court Retirement Residence, Walkerton; Mayfield Retirement Residence, Prescott; Oxford Manor Retirement Residence, Ingersoll; Park Place Retirement Residence Woodstock; Peterborough Retirement Residence, Peterborough; Tillsonburg Retirement Residence, Tillsonburg; Willoughby Manor Retirement Residence, Niagara Falls, and the Millwood Retirement Residence and the Teddington Park Retirement Residence, both in Toronto…
The sale price of the residences, comprised of 945 suites, includes the assumption of mortgages with an outstanding balance of some $19.5 million by the purchaser, who was not identified.
Chartwell will provide vendor take-back mortgages against certain properties in the amount of $6 million, the company .
Closing of the transaction is expected in the second quarter of 2014.
“The sale of this Portfolio is in line with our strategy to divest assets that we consider non-core,” Chartwell president and CEO Brent Binions said in announcing the deal Tuesday, adding that his company would work with the purchaser “to minimize the impact of the transition on residents and staff.”
Following is the list of properties being sold: Atrium Retirement Residence, Orillia; Atrium Villa Retirement Residence, Hamilton; Cobourg Retirement Residence, Cobourg; Devonshire Retirement Residence, Windsor; Gravenhurst Retirement Residence, Gravenhurst; Maple Court Retirement Residence, Walkerton; Mayfield Retirement Residence, Prescott; Oxford Manor Retirement Residence, Ingersoll; Park Place Retirement Residence Woodstock; Peterborough Retirement Residence, Peterborough; Tillsonburg Retirement Residence, Tillsonburg; Willoughby Manor Retirement Residence, Niagara Falls, and the Millwood Retirement Residence and the Teddington Park Retirement Residence, both in Toronto…
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
