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WestJet, Delta sign preliminary deal to deepen cross border partnership + MORE Dec 6th
WestJet and Delta Air Lines plan to form a joint venture that will enhance transborder service and deepen the relationship between the two companies.
They said in a statement early Wednesday that the joint venture, which has yet to be approved, would increase travel choices between Canada and the Un.... More »
Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder + MORE Apr 23rd
Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations..... More »
Making sense of the markets this week: March 3, 2024 + MORE Mar 1st
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors. And Stephanie Griffiths was an award-winning investor for almost 20 years before returning to her roots in journalism. She is .... More »
Is Saudi crown prince Mohammed bin Salman hiding his mother from the king? - South China Morning Post + MORE Mar 16th
South China Morning PostIs Saudi crown prince Mohammed bin Salman hiding his mother from the king?South China Morning PostSaudi Arabian Crown Prince Mohammed bin Salman has garnered international intrigue in the months since manoeuvring to become next in line for the throne. Part of that plan was se.... More »
Home Capital Group says new mortgage rules have clients migrating from big banks + MORE Feb 15th
TORONTO _ Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year _ even though it too is required to abid.... More »
Why stock markets are so calm in the age of Donald Trump
– moneysense.ca
Traders work on the floor at the closing bell of the Dow Industrial Average at the New York Stock Exchange, as US President Donald Trump delivers a televised statement from the White House. / BRYAN R. SMITH/AFP/Getty Images)When did the Masters of the Universe become so Zen?
Much of the world freaked out over Donald Trump in 2017 in one way or another. But not Wall Street. Investors carried on enriching themselves and their clients like nothing unusual was happening in Washington. American stock markets have climbed steadily from one high to another, amidst an unusual level of calm.
That seems odd, given Trump’s attack on the established order. The war between the Republican Party and the Democratic Party never has been more intense. The Federal Reserve Bank of Philadelphia’s Partisan Conflict Index, which measures federal political tension by counting newspaper reports of disagreement each month, jumped after Trump was elected. It then surged to a record in March, and generally has stayed above the highest levels reached during Barack Obama’s presidency, a period that featured the rise of the Tea Party and a government shutdown, among other things…
Wedding guests need to watch their spending too
– thestar.com
Your kids don’t have to take a financial hit to watch their friends get married. Here’s how to cut costs.Foreign, institutional investors holding fire
– theglobeandmail.com
While the flow of money into North American commercial real estate has slowed, investors are sitting on cash hoards that eventually will be deployed
The best time to start CPP —if you don’t know when you will die
– moneysense.ca
The last time we looked at the question of when to commence receipt of the Canada Pension Plan (CPP), we made the case for delaying as long as possible – ideally until 70 – while drawing down RRSP assets in your 60s when you’re in a lower tax bracket. (The piece is here.)
That’s a valid strategy for many but it does make a few assumptions, including that you have a large enough RRSP to withdraw from, have good alternative sources of income in the meantime, and that you’re not confident that the markets will deliver good returns if you were in a position to invest your CPP were it taken earlier.
But the biggest assumption is that you’ll live to enjoy those higher payouts once they commence. If your life expectancy is for some reason lower than average, all bets are off and you may be better off taking CPP between 60 and 65.
Jason Heath, of Toronto-based fee-only planners Objective Financial Partners, leans to advising clients to defer CPP/OAS to 70 for those whose life expectancy is average or longer than average…
Hudson’s Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company’s deal with Rhone Capital.
