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Weekend Reading – FIRE, burning mortgages, tax breaks, Costa Rica and more + MORE Mar 2nd
Save, invest, prosper with My Own Advisor.
Welcome to my latest Weekend Reading edition – did you miss it last Friday?
If so, I had a good excuse. I was on vacation. That includes time away from work and the blog. Our vacation this winter was to Costa Rica, Tamarindo. This was our second t.... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
Dow jumps 500 points on optimism over China, U.S. trade talk Mar 26th
North American stock markets jumped higher in early morning trading on Monday following Friday's steep losses as reports suggested the United States and China were willing to negotiate tariffs and trade imbalances to avert a trade war..... More »
What a mutual fund flop, part-time jobs and a box of Nerds taught Sandy Yong about managing her money May 19th
Sandy Yong loves learning, writing and talking about money. So much so, in fact, that she wrote a book about personal finance: The Money Master. She’s also penning a new column for MoneySense, called Making It, to help Gen Z get a better grip on their finances. Yong wants to people feel less anxio.... More »
Know your TFSA contribution limit + MORE Nov 2nd
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2024, the TFSA contribution limit is $7,000, and for 2023, it is $6,500.
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investm.... More »
Greece’s place in the euro currency bloc looked increasingly shaky on Saturday after eurozone nations rejected a month-long extension to its bailout program and the prime minister called for a risky popular vote on the country’s financial future.
Protest over petrochemical plant stymied in central Shanghai, China’s financial hub
– canadianbusiness.com
SHANGHAI – Authorities in China’s financial hub Shanghai are trying to prevent an environmental protest outside the city government by deploying heavy police force and hauling away demonstrators.
More Chinese are taking to the streets to oppose petrochemical projects that they believe are harmful.
In this latest case, thousands of residents in the Shanghai suburban district of Jinshan have been protesting outside the district government this week following a rumour that a petrochemical plant could move into their neighbourhood. Shanghai authorities have dismissed it as untrue.
Still skeptical, the residents planned to protest outside the municipal government in central Shanghai on Saturday, but the venue has been heavily guarded by police.
At least two protesters have been detained and more are being sent back home.
The post Protest over petrochemical plant stymied in central Shanghai, China’s financial hub appeared first on Canadian Business – Your Source For Business News.
More Chinese are taking to the streets to oppose petrochemical projects that they believe are harmful.
In this latest case, thousands of residents in the Shanghai suburban district of Jinshan have been protesting outside the district government this week following a rumour that a petrochemical plant could move into their neighbourhood. Shanghai authorities have dismissed it as untrue.
Still skeptical, the residents planned to protest outside the municipal government in central Shanghai on Saturday, but the venue has been heavily guarded by police.
At least two protesters have been detained and more are being sent back home.
The post Protest over petrochemical plant stymied in central Shanghai, China’s financial hub appeared first on Canadian Business – Your Source For Business News.
Greeks called upon to vote on bailout proposal; eurozone ministers gather to discuss situation
– canadianbusiness.com
ATHENS, Greece – Anxiety over Greece’s future swelled on Saturday, with people queuing outside banks to withdraw cash, after Prime Minister Alexis Tsipras’ call to have the people vote on a proposed bailout deal increases the risks that the country might fall out of the euro.
The call for a vote radically raises the stakes in a standoff between Greece and its creditors over the terms for more financial support to the country. Greece’s bailout program expires on Tuesday, after which it is unclear whether its banks would be able to avoid collapse.
The Greek Parliament is due to debate and vote at midnight Saturday on the government’s request for a referendum as finance ministers from the 19 euro countries, Greece’s main creditors, were gathering to discuss the situation in Brussels.
About 50 people, most visibly anxious, were waiting early in the morning outside a Piraeus Bank branch in central Athens, one of very few that opens on Saturdays, before they found out it wouldn’t be opening after all…
The call for a vote radically raises the stakes in a standoff between Greece and its creditors over the terms for more financial support to the country. Greece’s bailout program expires on Tuesday, after which it is unclear whether its banks would be able to avoid collapse.
The Greek Parliament is due to debate and vote at midnight Saturday on the government’s request for a referendum as finance ministers from the 19 euro countries, Greece’s main creditors, were gathering to discuss the situation in Brussels.
About 50 people, most visibly anxious, were waiting early in the morning outside a Piraeus Bank branch in central Athens, one of very few that opens on Saturdays, before they found out it wouldn’t be opening after all…
China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy
– canadianbusiness.com
BEIJING, China – China’s central bank has announced the fourth recent round of interest cuts and lower reserve requirement ratios for small businesses, as Beijing tries to shore up the country’s sluggish economy.
The People’s Bank of China said Saturday that it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 4.85 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2 per cent.
Rates were cut on Nov. 22, March 1 and then May 11. The new rates take effect Sunday.
The central bank also says the reserve requirement ratios to small businesses would be lowered by 50 points, a move that would boost lending.
Economic growth has slowed in China, and its stock markets plunged Friday.
The post China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy appeared first on Canadian Business – Your Source For Business News.
The People’s Bank of China said Saturday that it would cut the rate on a one-year loan by commercial banks by 0.25 percentage point to 4.85 per cent. The interest rate paid on a one-year deposit was lowered by 0.25 point to 2 per cent.
Rates were cut on Nov. 22, March 1 and then May 11. The new rates take effect Sunday.
The central bank also says the reserve requirement ratios to small businesses would be lowered by 50 points, a move that would boost lending.
Economic growth has slowed in China, and its stock markets plunged Friday.
The post China cuts interest rates for 4th time, eases lending to small biz, to boost sluggish economy appeared first on Canadian Business – Your Source For Business News.
