How to go about securing the best return for your investment in Canada.
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Why your bond ETF isn’t losing money + MORE May 28th
I frequently get asked questions about bonds. One reader named Andrew recently asked me: “I have been investing using your Couch Potato strategy for just over three years now,” he wrote. “However, does it still make sense to invest in bonds when they are continually losing money?”
As it happ.... More »
Fisherman on TV’s ‘Wicked Tuna’ pleads not guilty to fraud; feds say he claimed to be disabled + MORE Aug 10th
BURLINGTON, Vt. – A fisherman featured on the reality show “Wicked Tuna” pleaded not guilty Monday to federal fraud charges that he collected government benefits while claiming to be disabled.
The indictment handed down last month says Paul Hebert, 50, of Gloucester, Massachusetts,.... More »
Five things to watch for in the Canadian business world in the coming week + MORE Jul 19th
TORONTO – Here are five things to look for in Canadian business this week:
Railways: Both CN Rail and Canadian Pacific Railway release their second-quarter results this week, on Monday and Tuesday respectively. Canada’s sluggish economy and lower volumes of coal, grain and energy-related.... More »
Untangled Money’s Kristine Beese on why financial plans aren’t gender-neutral Aug 9th
Kristine Beese didn’t originally set out to disrupt Canada’s financial planning industry. She began her career as an engineer in the oil and gas sector, but after a bad experience with a financial advisor at a bank, she was inspired to learn how to manage her own investments. Beese went back to .... More »
Simple daily practices that will empower you financially Nov 2nd
Sharpening your financial skills is an act of self-love. Follow these expert tips to take control of your finances, even if you’re starting from zero..... More »
China suspends new IPOs to stabilize stock markets: report
– theglobeandmail.com
Wall Street Journal reports that decision was made by officials from cabinet, central bank and securities regulator
Chinese securities firms create $19B fund to support plunging market; IPOs reportedly halted
– canadianbusiness.com
NEW YORK, N.Y. – China has reportedly decided to bar new initial public offerings of stock and create a fund to stabilize its stock market, which has been roiled by a wave of selloffs.
Twenty one Chinese securities companies, in a joint statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks and funds. The securities companies also said they would continue to invest in the market as long the Shanghai Composite index, the Chinese equivalent of the Standard & Poor’s 500 index, remains below 4,500. It closed at 3,686 on Friday.
The statement was posted on the website of the Securities Association of China.
Chinese regulators have also decided to temporarily suspend new Chinese initial public offerings, according to The Wall Street Journal, citing Chinese officials.
The Chinese stock market has been in free-fall for three weeks, losing 28 per cent of its value since June 12. Despite the plunge, the market is up 79 per cent in the last year…
Twenty one Chinese securities companies, in a joint statement released Saturday, said they would pledge no less than 120 billion yuan ($19.33 billion) to invest in Chinese stocks and funds. The securities companies also said they would continue to invest in the market as long the Shanghai Composite index, the Chinese equivalent of the Standard & Poor’s 500 index, remains below 4,500. It closed at 3,686 on Friday.
The statement was posted on the website of the Securities Association of China.
Chinese regulators have also decided to temporarily suspend new Chinese initial public offerings, according to The Wall Street Journal, citing Chinese officials.
The Chinese stock market has been in free-fall for three weeks, losing 28 per cent of its value since June 12. Despite the plunge, the market is up 79 per cent in the last year…
