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Latest News
Average Canadian house price up 38% compared to last year, but down from March - CBC.ca Jun 15th
Average Canadian house price up 38% compared to last year, but down from March CBC.caCanadian real estate: CREA says sales fell in 80% of markets in May Yahoo Canada FinanceCanadian home sales fall 7.4% in May, average selling price also inches down from month before: CREA .... More »
Old-school financial advice that no longer applies Feb 12th
Buying a starter home, living on one income and staying in the same job for 40 years—life was very different for older generations and many young people have realized what worked for their parents doesn’t necessarily work in today’s modern world.
As younger Canadians continue to fac.... More »
CIBC to cut ties with President's Choice, unveils branchless banking brand - The Globe and Mail + MORE Aug 16th
Financial PostCIBC to cut ties with President's Choice, unveils branchless banking brandThe Globe and MailCanadian Imperial Bank of Commerce is severing a nearly 20-year relationship with President's Choice Bank and launching a new branchless banking brand called Simplii Financial. Canada&.... More »
Why you should set a money date with your partner Jan 24th
It’s perfectly normal for couples to disagree—on living room decor, sports allegiances, Downton Abbey—but there’s one topic where discussions get downright toxic: money. One study from Utah State University suggests that partners who fight about money at least once per week are 30% more like.... More »
5.5 year - 2.77% + MORE Mar 2nd
This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-25. Click on the link above to get more details or apply online..... More »
Escapology: another way to look at Findependence
– moneysense.ca
Escapology is a quite different way of looking at financial independence (aka “Findependence”) than we normally cover in this blog and the magazine. If you’ve not heard the term before, welcome to the club. A tip of the hat to fee-for-service planner Fred Kirby for alerting me to the existence of a recently launched print magazine called the New Escapologist.As far as I can tell from a quick read of the ninth installment, titled Take the Money and Run, Escapology is a kind of very extreme early retirement worldview that puts the focus on freedom rather than material possessions and the myriad of costly services most of us regard as a necessity in this gadget-crazy 21st century (i.e. wireless access, cable TV, smartphones and social media, subscriptions to movie services and magazines and all those other services provided by businesses such as my employer, Rogers).
A definition:
But let’s let the magazine speak for itself:
What is Escapology? It’s about deftly avoiding the potential traps of modern life: debt, stress, unrewarding work, bureaucracy, marketing, noise and over-government…
Canadian Business Spending Shows No Sign of Taking Off
– blogs.wsj.com
A Bank of Canada survey suggests weak domestic demand and global economic uncertainty are weighing on Canadian companies, forcing them to rethink investment and hiring plans.
Business Highlights
– canadianbusiness.com
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Rising legal costs push JPMorgan to rare loss
NEW YORK (AP) — Mounting legal costs pushed JPMorgan Chase to a rare loss in the third quarter, the first under the leadership of Jamie Dimon.
The largest U.S. bank by assets set aside $9.2 billion in the quarter to cover a string of litigation stemming from the housing crisis and the bank’s “London Whale” trading debacle.
JPMorgan said it has placed a total of $23 billion in reserve to cover potential legal costs, including the $9.2 billion.
In a conference call with reporters, CEO Dimon called the costs “painful,” but said they reflected “the reality we have to deal with.”
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New GOP shutdown/debt plan, but no agreement yet
WASHINGTON (AP) — Efforts accelerated in Congress on Friday to keep the U.S. Treasury from defaulting as early as next week and to end the partial government shutdown that stretched through an 11th day. At the White House and Capitol, President Barack Obama and top aides consulted repeatedly with both House and Senate Republicans…
Rising legal costs push JPMorgan to rare loss
NEW YORK (AP) — Mounting legal costs pushed JPMorgan Chase to a rare loss in the third quarter, the first under the leadership of Jamie Dimon.
The largest U.S. bank by assets set aside $9.2 billion in the quarter to cover a string of litigation stemming from the housing crisis and the bank’s “London Whale” trading debacle.
JPMorgan said it has placed a total of $23 billion in reserve to cover potential legal costs, including the $9.2 billion.
In a conference call with reporters, CEO Dimon called the costs “painful,” but said they reflected “the reality we have to deal with.”
___
New GOP shutdown/debt plan, but no agreement yet
WASHINGTON (AP) — Efforts accelerated in Congress on Friday to keep the U.S. Treasury from defaulting as early as next week and to end the partial government shutdown that stretched through an 11th day. At the White House and Capitol, President Barack Obama and top aides consulted repeatedly with both House and Senate Republicans…
Saskatchewan’s Potash Corp. says it will earn less than expected in the third quarter because of lower potash sales.
The Canada Pension Plan Investment Board is teaming with one of Australia’s leading real estate groups to acquire a $3.5-billion US portfolio of office properties.
