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Foreign buyer tax won’t fix Toronto housing crisis + MORE Mar 13th
TORONTO — A new report suggests a foreign buyer tax alone can’t solve Toronto’s soaring housing prices.
The report, titled “In High Demand” and released Monday by Ryerson University’s City Building Institute, favours a tax on foreign buyers — similar to the one in.... More »
Should I overcontribute to my group RRSP and pay the tax penalty? + MORE Oct 23rd
Q. My employer has a fantastic group Registered Retirement Savings Plan (RRSP). They match employee contribution is up to 4%, of earnings, and they also provide a year-end bonus of 5% of earnings if you contribute the full 4%. Needless to say, I have taken advantage of this and been able to.... More »
Coronavirus fears prompt empty shelves as Canadians follow health minister's advice to stock up - National Post Mar 2nd
Coronavirus fears prompt empty shelves as Canadians follow health minister's advice to stock up National PostNovel Coronavirus Fears Are Causing Costco Canada Stores To Sell Out (PHOTOS) NarcityShoppers stocking up in Metro Vancouver as concern about coronavirus spreads &n.... More »
“Which reverse mortgage is right for me?” + MORE Sep 8th
When Vancouver condo owners Maggie and Rob found out they were on the hook for $400,000 in improvement costs to their building and unit as required by an assessment from their Strata Council, they weren’t sure what to do. (We’ve changed their names and some details to protect their privacy.)
.... More »
The best GIC rates in Canada for 2026 + MORE Mar 30th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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US home sales reach strongest pace in nearly a decade
– canadianbusiness.com
WASHINGTON – Americans bought homes in October at the fastest pace in nearly decade, helped out by low mortgage rates that have since started to climb following the presidential election of Donald Trump.
The National Association of Realtors said Tuesday that sales of existing homes rose 2 per cent to a seasonally adjusted annual rate of 5.6 million. Sales reached their strongest pace since February 2007, a sign that the market is still healing from the collapsing prices and foreclosures that ignited the 2008 financial crisis.
A stable job market and historically cheap borrowing costs have spurred demand from homebuyers this year. But sales growth has been tempered somewhat by accelerating prices and a shortage of properties on the market. Sales gains could possibly slow in the coming months as rising mortgage rates are making home loans more expensive.
“Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record,” said Svenja Gudell, chief economist at the real estate firm Zillow…
The National Association of Realtors said Tuesday that sales of existing homes rose 2 per cent to a seasonally adjusted annual rate of 5.6 million. Sales reached their strongest pace since February 2007, a sign that the market is still healing from the collapsing prices and foreclosures that ignited the 2008 financial crisis.
A stable job market and historically cheap borrowing costs have spurred demand from homebuyers this year. But sales growth has been tempered somewhat by accelerating prices and a shortage of properties on the market. Sales gains could possibly slow in the coming months as rising mortgage rates are making home loans more expensive.
“Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record,” said Svenja Gudell, chief economist at the real estate firm Zillow…
Markets Right Now: Stocks climb on strong earnings
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in financial markets (All times local):
9:35 a.m.
U.S. stocks are rising further into record territory in early trading a day after rising energy prices lifted equities to new heights.
Strong quarterly earnings from a raft of food and retail companies also boosted stocks on Tuesday.
Campbell Soup gained 4 per cent and Hormel rose 5 per cent.
Discount retailer Dollar Tree jumped 9 per cent and Burlington Stores soared 16 per cent.
The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 18,991. The Standard & Poor’s 500 index gained 4 points, or 0.2 per cent, to 2,203. The Nasdaq composite added 19 points, or 0.4 per cent, to 5,389.
The post Markets Right Now: Stocks climb on strong earnings appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
U.S. stocks are rising further into record territory in early trading a day after rising energy prices lifted equities to new heights.
Strong quarterly earnings from a raft of food and retail companies also boosted stocks on Tuesday.
Campbell Soup gained 4 per cent and Hormel rose 5 per cent.
Discount retailer Dollar Tree jumped 9 per cent and Burlington Stores soared 16 per cent.
The Dow Jones industrial average rose 34 points, or 0.2 per cent, to 18,991. The Standard & Poor’s 500 index gained 4 points, or 0.2 per cent, to 2,203. The Nasdaq composite added 19 points, or 0.4 per cent, to 5,389.
The post Markets Right Now: Stocks climb on strong earnings appeared first on Canadian Business – Your Source For Business News.
Couche-Tard boosts dividend; profit dips
– theglobeandmail.com
Convenience store operator says it is raising its quarterly dividend by 16 per cent to nine cents a share
Dow tops 19,000 as retailers lead stocks to new records
– canadianbusiness.com
NEW YORK, N.Y. – The Dow Jones industrial average crossed 19,000 for the first time as the stock market extended its reach further into record territory. The gains came a day after four major market indexes closed at all-times highs at the same time, something that hadn’t happened since 1999.
Retailers are surging as discount store chains Dollar Tree and Burlington Stores raising their forecasts. Food producers Campbell Soup and Hormel are climbing after they reported strong quarterly results.
KEEPING SCORE: The Dow was up 24 points, or 0.1 per cent, to 18,892 as of 10:52 a.m. Earlier it went as high as 19,014. The Standard & Poor’s 500 index picked up 2 points, or 0.1 per cent, to 2,200. The Nasdaq composite gained 12 points, or 0.2 per cent, to 5,381. The Russell 2000 index, which tracks smaller companies, rose 0.4 per cent. It’s setting records as well and is trading higher for the 13th day in a row.
BARGAIN HUNTING: Shoppers continued to flock to discount stores, which has helped those retailers while hurting other brands…
Retailers are surging as discount store chains Dollar Tree and Burlington Stores raising their forecasts. Food producers Campbell Soup and Hormel are climbing after they reported strong quarterly results.
KEEPING SCORE: The Dow was up 24 points, or 0.1 per cent, to 18,892 as of 10:52 a.m. Earlier it went as high as 19,014. The Standard & Poor’s 500 index picked up 2 points, or 0.1 per cent, to 2,200. The Nasdaq composite gained 12 points, or 0.2 per cent, to 5,381. The Russell 2000 index, which tracks smaller companies, rose 0.4 per cent. It’s setting records as well and is trading higher for the 13th day in a row.
BARGAIN HUNTING: Shoppers continued to flock to discount stores, which has helped those retailers while hurting other brands…
What is in a financial plan?
– moneysense.ca
Q: With a fee-only financial planner, what would I receive in a financial plan?—James
A: The short answer, James, is it depends. Now, for the long answer.
The financial planning profession is not regulated, so there are a wide variety of financial planners out there. In fact, Quebec is the only province with any rules in what is otherwise the wild west.
Someone can only put themselves out there as a financial planner in Quebec if they have a Pl.Fin designation from the Institut québécois de planification financière (IQPF) or they hold the Certified Financial Planner (CPF) designation from the Financial Planning Standards Council (FPSC).
Ask a Planner: Leave your question for Jason Heath »
In other provinces, anybody can call themselves a financial planner. But the CFP designation is a good starting point. It’s an international benchmark.
What a financial plan entails is equally broad, James. Not only is the term “financial planner” unregulated, but the provision of financial planning advice is effectively unregulated as well…
