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Latest News
Frank Stronach sues daughter Belinda for allegedly mismanaging family fortune Oct 11th
An Ontario business magnate is suing his daughter, two grandchildren and others for allegedly mismanaging the family's assets and trust funds..... More »
Canadian home sales gain ground in September, but down from year ago mark + MORE Oct 14th
OTTAWA _ The number of homes sold in September climbed for the second month in a row after a slowdown earlier this year that was led by a cooling in the Toronto market.
Canadian Real Estate Association said Friday sales through its Multiple Listing Service in September were up 2.1 per cent compared .... More »
Should you withdraw from non-registered or TFSA investments in retirement? + MORE Mar 8th
Ask MoneySense
I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine
TFSA versus non-registered.... More »
How to manage and save money without a budget Oct 13th
“Stick to a budget” is one of the most common pieces of advice you’ll hear if you’re trying to save money. But not everyone wants to make decisions according to a spreadsheet—and there are many ways to manage your money that don’t involve a budget. Often, a simple, critical look at your .... More »
How Early-Stage Start-Ups Can Overcome the Talent Crunch Feb 23rd
Record investment deals, a historic tech initial public offering (IPO) rush, newly minted unicorns and the rapid adoption of technology to digitize our lives and enable remote work—it’s been an electrifying few years for Canadian tech companies. But the Covid-19 pandemic has made life much harde.... More »
Weekend Reading – Million dollar milestones, mortgage advice and more
– myownadvisor.ca
Welcome to my latest Weekend Reading list. Earlier this week I wrote about why dividend investing (along with indexing) is a strategy that works for me and some ideas on a better way to budget.
I hope to post an article next week about my perspectives on human capital and if I have time, a dividend income update for last month.
Enjoy your weekend and thanks for reading and supporting My Own Advisor.
In his own words “…we finally did it, we hit the million dollar net worth milestone.” Congratulations to FrugalTrader on reaching your goal…very impressive to say the least.
Canadian Mortgage Trends had a one-on-one with IG’s VP of banking and mortgage operations after Investors Group started and ended its 1.99% variable-rate mortgage promotion recently.
Here’s a financial anti-bucket list thanks to Big Cajun Man.
This article reminds us that indexing works, so listen to Warren Buffett.
Rob Carrick had some portfolio advice for first time homebuyers.
Robb Engen discussed retirement numbers and although he didn’t give a number he did say “by developing good saving habits early on you’ll be in a better position to make those course corrections along the way…
I hope to post an article next week about my perspectives on human capital and if I have time, a dividend income update for last month.
Enjoy your weekend and thanks for reading and supporting My Own Advisor.
In his own words “…we finally did it, we hit the million dollar net worth milestone.” Congratulations to FrugalTrader on reaching your goal…very impressive to say the least.
Canadian Mortgage Trends had a one-on-one with IG’s VP of banking and mortgage operations after Investors Group started and ended its 1.99% variable-rate mortgage promotion recently.
Here’s a financial anti-bucket list thanks to Big Cajun Man.
This article reminds us that indexing works, so listen to Warren Buffett.
Rob Carrick had some portfolio advice for first time homebuyers.
Robb Engen discussed retirement numbers and although he didn’t give a number he did say “by developing good saving habits early on you’ll be in a better position to make those course corrections along the way…
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
ECB’s unorthodox moves are likely no panacea for Europe’s struggling economy
– canadianbusiness.com
WASHINGTON – Central banks can’t fix everything.
The European Central Bank took bold steps Thursday to protect Europe’s fragile economic recovery, cutting interest rates and offering to pump more money into the financial system.
Economists generally praised the moves, which are designed to raise dangerously low inflation in the 18 countries that use the euro and encourage lending. The ECB’s steps could also make exporters more competitive by reducing the euro’s value and thereby making Europe’s goods less expensive abroad.
But they say Europe’s economy won’t return to health until it receives long-term fixes that the ECB can’t provide on its own.
The ECB’s “actions will help, but only on the margin,” said Mark Zandi, chief economist at Moody’s Analytics. “This will be a very long road.”
Zandi says banks across the continent must strengthen their own finances, possibly with taxpayer help, before they’re healthy and confident enough to ramp up lending…
The European Central Bank took bold steps Thursday to protect Europe’s fragile economic recovery, cutting interest rates and offering to pump more money into the financial system.
Economists generally praised the moves, which are designed to raise dangerously low inflation in the 18 countries that use the euro and encourage lending. The ECB’s steps could also make exporters more competitive by reducing the euro’s value and thereby making Europe’s goods less expensive abroad.
But they say Europe’s economy won’t return to health until it receives long-term fixes that the ECB can’t provide on its own.
The ECB’s “actions will help, but only on the margin,” said Mark Zandi, chief economist at Moody’s Analytics. “This will be a very long road.”
Zandi says banks across the continent must strengthen their own finances, possibly with taxpayer help, before they’re healthy and confident enough to ramp up lending…
120 days – 1.70%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
EU to soften fuel quality rules, opening door to Canadian crude: Financial Times
– canadianbusiness.com
The federal government is saying little on a report that the European Union is poised to soften fuel quality rules so products made from Canada’s oilsands would not face hefty penalties.
The Financial Times is reporting that EU officials have decided to change a draft of a fuel quality directive, something Canadian officials have lobbied their European counterparts to do.
Proposed EU environmental legislation would have set heavy penalties on petroleum products made from Alberta’s oilsands, citing higher carbon emissions associated with its production.
A story on the Financial Times website quotes EU parliamentarian Chris Davies as saying EU climate action commissioner Connie Hedegaard was outvoted by industrial and trade officials on the commission.
The Times said Hedegaard wouldn’t comment.
A spokesman for Natural Resources Minister Greg Rickford says he is aware of the media reports, but adds the EU parliament must sign off on the rules so Canada will have to await the outcome…
The Financial Times is reporting that EU officials have decided to change a draft of a fuel quality directive, something Canadian officials have lobbied their European counterparts to do.
Proposed EU environmental legislation would have set heavy penalties on petroleum products made from Alberta’s oilsands, citing higher carbon emissions associated with its production.
A story on the Financial Times website quotes EU parliamentarian Chris Davies as saying EU climate action commissioner Connie Hedegaard was outvoted by industrial and trade officials on the commission.
The Times said Hedegaard wouldn’t comment.
A spokesman for Natural Resources Minister Greg Rickford says he is aware of the media reports, but adds the EU parliament must sign off on the rules so Canada will have to await the outcome…
