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Should you favour dividend ETFs in retirement? Jun 24th
Drawing down your Couch Potato portfolio? That doesn't mean you need to switch to a dividend strategy. [MoneySense].... More »
PC Optimum points: How to maximize your rewards in 2023 + MORE Jul 25th
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PC Optimum points: How to earn, redeem and maximize your rewards in 2023
If you frequently shop at Loblaw-affiliated stores, the right PC Financial Mastercard or a PC Money Account can help you earn serious PC Optimum points.
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Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck - CNBC Dec 12th
Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck CNBCDow futures slip, CPI and Fed meeting in focus By Investing.com Investing.comCNN Fear & Greed Index In 'Neutral' Zone After Dow Tumbles 300 Points - Blue Bird (NASDAQ:BLBD), Coupa .... More »
Balancing personal and financial goals as you build a new life in Canada + MORE Nov 19th
Starting over in a new country can feel like being handed a blank canvas and a long to-do list. There’s the excitement of exploring your new surroundings, trying new foods, and building a life from scratch. But alongside that is the very real pressure of needing to get your finances in order.
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Who Will Be Running Consumer Agency on Monday? It's Unclear - New York Times + MORE Nov 26th
New York TimesWho Will Be Running Consumer Agency on Monday? It's UnclearNew York TimesCome Monday morning, who will be running the Consumer Financial Protection Bureau? Over the weekend, the answer wasn't clear. Trump administration officials on Saturday defended the president's lega.... More »
Before the Bell: Markets to surge, but not BlackBerry
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Economy grew at 3.9 per cent rate in spring, helped by stronger consumer and business spending
– canadianbusiness.com
WASHINGTON – The U.S. economy grew at an even faster clip in the spring than previously estimated. But that growth likely slowed in the summer, held back by global headwinds and turbulent financial markets.
The overall economy expanded at an annual rate of 3.9 per cent in the April-June quarter, up from a previous estimate of 3.7 per cent, the Commerce Department reported Friday. The new-found strength came from additional gains in consumer spending, business investment and residential construction.
The second quarter expansion in the gross domestic product, the economy’s total output of goods and services, was a marked improvement from an anemic 0.6 per cent increase in the first quarter when the economy was battered by a harsh winter.
While economists believe growth in the third quarter has slowed to around 2.2 per cent to 2.5 per cent, they expect a modest acceleration in activity for the final three months of this year.
“Overall, the outlook on the U.S. economy for the remainder of the year remains fairly optimistic, supported by continuing job creation, increasing consumer spending, improvements in the housing sector, and solid manufacturing numbers,” said Jim Baird, chief investment officer for Plante Moran Financial Advisors…
The overall economy expanded at an annual rate of 3.9 per cent in the April-June quarter, up from a previous estimate of 3.7 per cent, the Commerce Department reported Friday. The new-found strength came from additional gains in consumer spending, business investment and residential construction.
The second quarter expansion in the gross domestic product, the economy’s total output of goods and services, was a marked improvement from an anemic 0.6 per cent increase in the first quarter when the economy was battered by a harsh winter.
While economists believe growth in the third quarter has slowed to around 2.2 per cent to 2.5 per cent, they expect a modest acceleration in activity for the final three months of this year.
“Overall, the outlook on the U.S. economy for the remainder of the year remains fairly optimistic, supported by continuing job creation, increasing consumer spending, improvements in the housing sector, and solid manufacturing numbers,” said Jim Baird, chief investment officer for Plante Moran Financial Advisors…
The Globe and MailPope Francis attacks 'boundless thirst' for wealth at UNThe Globe and MailPope Francis on Friday strongly condemned the craving for material gains and power, telling world leaders gathered at the United Nations that greed is destroying the Earth's resources and aggravating poverty. “A selfish and boundless thirst for power …Pope at UN asserts sacredness of life at every stageCTV NewsPEI man just misses chance to drive Pope FrancisCBC.caPope Francis: What He Told the United Nations General AssemblyABC NewsUSA TODAY -RTE.ie -New York Timesall 606 news articles »
Mortgage free by 31
– moneysense.ca
As a millennial, financial writer Sean Cooper is exactly half the age of this aging baby boomer, yet we both share a passion for financial independence. In an early guest blog at the Financial Independence Hub, Cooper once credited my financial novel, Findependence Day, with inspiring him to seek early financial independence himself.The book argues in particular that “the foundation of financial independence is a paid-for house.”
Cooper apparently took this message to heart because by the end of September, he plans a mortgage-burning party to celebrate his long-awaited goal of mortgage freedom: five months before he turns 31.
Here’s an email Q&A I conducted with Sean recently to show other millennials (as well as baby boomers) that a) financial independence can be achieved early in life and b) how it can be done.
JC: Congratulations, Sean, when did you buy the house and how long did it take you to pay it off?
SC: Thank you, Jon. I bought my house in Toronto in August 2012. I purchased it for $425,000 with a mortgage of $255,000 and a down payment of $170,000…
The U.S. economy grew at an even faster clip in the spring than previously estimated. But there is concern that growth slowed in the summer, held back by global headwinds and turbulent financial markets.
