Does our young family have enough insurance? + MORE Jun 13th

NEW YORK, N.Y. – Microsoft says it is buying professional networking service site LinkedIn for about $26.2 billion.
LinkedIn, based in Mountain View, California, has more than 430 million members. Users can network with professionals, upload their resumes and search for jobs on the site.
Microsoft Corp. says it is paying $196 for each share of LinkedIn Corp., a 50 per cent premium of the stock’s closing price of $131.08 on Friday.
LinkedIn shares soared 49 per cent before the stock market opened Monday.
The post Microsoft to buy networking site LinkedIn for $26.2 billion appeared first on Canadian Business – Your Source For Business News.

Q: A few years ago my wife hurt herself very badly forcing her to take long-term disability from work. At that time, we were denied her disability payments and spent the next two years fighting for that money. But, losing her income meant we struggled to pay our bills.
Eventually, we got so behind on our mortgage payments that we put our house up for sale and I filed for a consumer proposal. We were told not to bother adding my wife. The justification is that she had no income and no other assets, so no creditors would be able to get anything from her and that meant she didn’t need creditor protection. 
My consumer proposal estimated our debt at around $33,000, which included an estimate of what we’d end up owing once our house sold. The proposal was accepted by our mortgage lender and a few months later the house finally sold. 
Finally, late last year, my wife won her court case and started to receive disability payments. We thought the whole ordeal was over, but then we got a letter from CMHC stating that we still owed a debt on our now-sold home and that they’d be withholding her tax refunds until she paid the debt in full…

Asian markets see worst day in four months; major European stock markets fall 1 per cent

Shivon Zilis. (Portrait by Roberto Caruso)
Several years ago, Big Data was the new thing turning every venture capitalist on his (or, only very occasionally, her) ear. Today’s go-to trend is using machine intelligence (MI) to help businesses exploit their data to work smarter. “In the next five to 10 years, it’s going to be very difficult to see any data-oriented piece of the world not fundamentally transformed by this technology,” predicts Shivon Zilis, an investor at Bloomberg Beta, based in San Francisco and New York.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How machine learning transforms financial risk management
Machine intelligence startups have amassed almost US$1 billion in investments since the technology began to look viable in 2010, according to CB Insights. The rapid development in this nascent field has spawned venture capital funds, like Data Collective and Bloomberg Beta, that invest with a focus on MI startups…

Sammu (left) and Mandy Dhaliwall (far right) (Photo by Jennifer Roberts)
In our April 2016 issue of MoneySense, we introduced you to Sammu and Mandy Dhaliwall, a young married couple with three kids from Brampton, Ont. They are trying to juggle RRSPs, TFSAs, paying down their $350,000 mortgage as well as their $90,000 home equity line of credit.  Throughout the year we’ll be giving them a financial challenge every four weeks to help them get their finances in tip top shape. Make sure to follow along! 
Will shopping for mortgage rates hurt our credit score? »
How to juggle RRSPs, TFSAs, RESPs and a mortgage »
Challenge No. 2

Sammu and Mandy were asked to get all the details of their life insurance and disability insurance coverage. With a young family that includes three kids under the age of five, it’s important to keep these policies up to date with changing circumstances. Here’s what they found.
Sammu and Mandy’s experience
We each checked with our individual employers and found that we had the following coverage…