Competition Bureau, TREB head back to court over online data dispute + MORE Dec 4th

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Snap Inc tumbles after trailing estimates for new users and sales, competition from Facebook - Financial Post + MORE May 10th

Financial PostSnap Inc tumbles after trailing estimates for new users and sales, competition from FacebookFinancial PostSnap Inc.'s Snapchat app added fewer users than projected in the first quarter, a sign that the young company may have trouble expanding its audience as social-media giant Fac.... More »
 stock

Investment clubs a worthwhile entry point into the market + MORE Nov 13th

Though some see them as too old school, a group of young Calgary engineers enjoyed their joint foray into investing..... More »
 financial consultant

How does withholding tax work when I unwind my RRSP? + MORE Dec 17th

When will Ottawa take a tax cut of your RRIF withdrawals and what you should do about that. (Flickr) Q. “What is the withholding amount on RRIF withdrawals and how should I plan my retirement income with this in mind. I’m confused.” – Margaret It’s good to understand w.... More »

Podcast 9: Finding Common Ground Jun 18th

Does the whole “active versus passive” debate miss a key point about what leads to successful investing? Why do investors focus on “mutual funds versus ETFs” when neither structure is inherently superior? These are some of the topics I discuss with Tom Bradley in my latest podcast: Tom is t.... More »
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What does a weak Canadian dollar mean for your savings? + MORE Feb 25th

It’s the financial news story that everyone is talking about: The Canadian-to-U.S.-dollar exchange rate has been very unfavourable for the loonie lately. How unfavourable? Since the beginning of the year, the Canadian dollar’s trading value has fluctuated between roughly USD$0.69 and $0.70—.... More »
Federal Court of Appeal will hear an appeal of a Competition Tribunal ruling that the Toronto Real Estate Board engaged in anti-competitive practices when it restricted how its 45,000 member realtors share home-sales data online

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CAMARILLO, Calif. – The average price of regular grade gasoline is unchanged nationally over the last two weeks, holding steady at $2.20 a gallon.
Industry analyst Trilby Lundberg said Sunday that refiners have had little time to react to last week’s announcement by major oil-producing countries to slash output. Many retailers have yet to see big price increases.
Lindberg says to expect higher prices after OPEC’s decision to cut production. She says prices may fall if financial markets don’t believe the cuts will stick.
Gas in San Diego was the highest in the continental United States at $2.69 a gallon on average on Friday. The low average was in Houston at $1.91 a gallon.
The post US gas prices hold steady despite production cut appeared first on Canadian Business – Your Source For Business News.

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TORONTO – Five things to watch this week in Canadian business:
Pipe Dreams: There are expectations that a pipeline charm offensive in British Columbia could heat up this week. Alberta Premier Rachel Notley has said she will head to B.C. as early as this week to plead her case for the Trans Mountain expansion. The project has sparked fierce protests, particularly in the Vancouver area.
Interest Rate Announcement: On Wednesday, the Bank of Canada will make its latest interest rate announcement. Since July 2015, the trend-setting rate has been set at 0.5 per cent. It’s widely expected to remain on hold, but observers will be looking carefully at the announcement for clues on the state of the economy.
Retail Earnings: As the busy Christmas shopping season enters its final weeks, we will get a good look at how some of Canada’s retailers are faring. Hudson’s Bay, Sears, Dollarama and Lululemon are among those reporting quarterly results.
Big Banks: The Bank of Montreal will issue its fourth-quarter and full-year results on Tuesday, wrapping up the parade of financial reports from Canada’s big banks…

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Save, invest, prosper with My Own Advisor.
How many stocks should I own?
How many do you own?
Those are investing questions that I receive often.
I’ll tackle those questions again today along with this new one from a reader.
“Hi, I’m moving towards a dividend portfolio, have enjoyed your site. I was curious if/how you review your dividend stocks to determine if they are still the best candidates for your portfolio. Thanks.”
Good questions readers, keep them coming.  Here are my answers.
Reader: How many stocks should I own?
Probably as many as possible.
In The Investor’s Manifesto author William Bernstein wrote: “since we cannot predict in advance which stock and bond asset classes will perform the best, we diversify.”
This means investors can reduce the risks that come with individual stock ownership by owing the whole market not just a few select companies.
I do that, somewhat.
Canadian equities
When it comes to buying and holding Canadian equities, I feel our market is not very diverse…

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The Montreal drug distributor is seeking to speed up its growth by buying the companies either entirely or in parts

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