How to go about securing the best return for your investment in Canada.
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Small Business Ideas for Children Who Want to Be Life-time Savers + MORE Feb 26th
Teaching your child how to handle money is a basic part of being a parent in today’s society. There are many ways you can approach introducing your child to financial responsibility. One way, is to show them how to set up their own business!
A child can learn how to work hard, make money, and save.... More »
Banks unite to donate $1M to help support Syrian refugees arriving in Canada + MORE Dec 7th
TORONTO – Canada’s five biggest banks say they’ll collectively donate $1 million to the Canadian Red Cross to support Syrian refugees arriving in Canada.
BMO Financial Group, CIBC, Royal Bank of Canada, Scotiabank and TD Bank Group say customers can also make donations to the Canad.... More »
TD hikes dividend on 15% profit rise, beating expectations + MORE Mar 1st
TD Bank's adjusted earnings came in ahead of analyst estimates Thursday, rising 15 per cent from the year-earlier period after excluding the impact of U.S. tax reform and other items..... More »
Some funds offer to tame market’s chaos, but at a price + MORE Jan 21st
NEW YORK, N.Y. – Freaked out by the stock market’s big swings?
Then the investment industry has something it built just for you: funds that hope to offer a steadier ride. That sounds especially comforting after this year’s jarring start for markets, in which drops of more than 1 pe.... More »
After five quarters of declines, light emerges in earnings tunnel + MORE Oct 10th
Companies typically set the earnings bar low so results will beat expectations and give their stock prices a lift
.... More »
Business Highlights
– canadianbusiness.com
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Families face tough decisions as cost of elder care soars
NEW YORK (AP) — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside.
Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. “An awful situation,” said her daughter, Sharon Goldblum.
Like others faced with the stunning cost of elderly care in the U.S., Goldblum did the math and realized that her mother could easily outlive her savings. So she pulled her out of the home.
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Apple has cash cow in iPhone even as phone industry slows
SAN FRANCISCO (AP) — Smartphone sales may be slowing for some tech companies, but not for Apple.
Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday…
Families face tough decisions as cost of elder care soars
NEW YORK (AP) — Doris Ranzman had followed the expert advice, planning ahead in case she wound up unable to care for herself one day. But when a nursing-home bill tops $14,000 a month, the best-laid plans get tossed aside.
Even with insurance and her Social Security check, Ranzman still had to come up with around $4,000 every month to cover her care in the Amsterdam Nursing Home in Manhattan. “An awful situation,” said her daughter, Sharon Goldblum.
Like others faced with the stunning cost of elderly care in the U.S., Goldblum did the math and realized that her mother could easily outlive her savings. So she pulled her out of the home.
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Apple has cash cow in iPhone even as phone industry slows
SAN FRANCISCO (AP) — Smartphone sales may be slowing for some tech companies, but not for Apple.
Analysts expect another powerhouse performance from the California tech giant when it reports quarterly financial results Tuesday…
How Contributions Affect Your Rate of Return
– CanadianCouchPotato.com
Whenever I update the returns of my model portfolios, readers ask how the performance would have been different had they added money to the portfolios money each month. This question gets to the heart of the difference between time-weighted and money-weighted returns, which I introduced in my previous post.In our new white paper, Understanding Your Portfolio’s Rate of Return, Justin Bender and I explain the differences between these two methods using two hypothetical investors with a $250,000 portfolio: the first makes a single $25,000 contribution while the other makes a $25,000 withdrawal. Now let’s look at a different example that includes monthly cash flows.
A tale of two accounts
Meet Buster, an investor with an RRSP and a TFSA that both hold an index fund of Canadian stocks (I’ve used the MSCI Canada Investable Market Index for the calculations). At the beginning of 2014, Buster’s RRSP had a balance of $200,000 and he made $500 monthly contributions throughout the year. Buster’s TFSA has valued at $30,000 at the beginning of the year and he made a single lump-sum contribution of $10,000 in September…
Fed tells eight U.S. banks to bump capital to reduce chance of future bailouts
– theglobeandmail.com
Eight biggest U.S. banks together will be required to shore up their financial bases with about $200-billion in additional capital
OTTAWA – Most of what is billed as the largest, one-time benefit payment in federal history is likely to hit suburban voters living in federal ridings where the Conservatives can be considered the party to beat, an analysis by The Canadian Press shows.
Number-crunching based on the last census shows that many of the ridings in line to get the biggest cheques from the newly increased Universal Child Care Benefit are in suburban Alberta and the all-important ridings that surround Toronto — and they usually have a history of tilting Tory.
Only two of the top 20 destinations for the enriched UCCB payments landing on July 20 are locations where the opposition NDP would be considered the favourite; and one more in the top 20 would be considered a Liberal seat.
That leaves 17 seats that could be considered Conservative-leaning, home to the voters who could receive the biggest financial windfall when almost $3 billion in child care benefit payments are mailed on Monday — three months before election day in October…
Number-crunching based on the last census shows that many of the ridings in line to get the biggest cheques from the newly increased Universal Child Care Benefit are in suburban Alberta and the all-important ridings that surround Toronto — and they usually have a history of tilting Tory.
Only two of the top 20 destinations for the enriched UCCB payments landing on July 20 are locations where the opposition NDP would be considered the favourite; and one more in the top 20 would be considered a Liberal seat.
That leaves 17 seats that could be considered Conservative-leaning, home to the voters who could receive the biggest financial windfall when almost $3 billion in child care benefit payments are mailed on Monday — three months before election day in October…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,425.55, down 217.29 points):
Romarco Minerals Inc. (TSX:R). Miner. Down 7.5 cents, or 20 per cent, to 30 cents on 7.2 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down $1.82, or 15.96 per cent, to $9.58 on 5.6 million shares.
Lake Shore Gold Corp. (TSX:LSG). Miner. Down five cents, or 4.24 per cent, to $1.13 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.57 per cent, to $1.88 on 4.6 million shares.
Goldcorp Inc. (TSX:G). Miner. Down $2.36, or 12.36 per cent, to $16.74 on 4.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 37 cents, or 11.94 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Quebecor Inc. (TSX:QBR.B). Media, telecommunications. Up 13 cents, or 0.43 per cent, to $30.65 on 213,011 shares. Quebecor Inc. has officially entered the running for an NHL expansion team. The media company says on its Twitter account that it has submitted its “candidacy for the #NHL expansion process in order to bring the #Nordiques back to #Quebec City…
Toronto Stock Exchange (14,425.55, down 217.29 points):
Romarco Minerals Inc. (TSX:R). Miner. Down 7.5 cents, or 20 per cent, to 30 cents on 7.2 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Down $1.82, or 15.96 per cent, to $9.58 on 5.6 million shares.
Lake Shore Gold Corp. (TSX:LSG). Miner. Down five cents, or 4.24 per cent, to $1.13 on 4.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.57 per cent, to $1.88 on 4.6 million shares.
Goldcorp Inc. (TSX:G). Miner. Down $2.36, or 12.36 per cent, to $16.74 on 4.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 37 cents, or 11.94 per cent, to $2.73 on 4.2 million shares.
Companies reporting major news:
Quebecor Inc. (TSX:QBR.B). Media, telecommunications. Up 13 cents, or 0.43 per cent, to $30.65 on 213,011 shares. Quebecor Inc. has officially entered the running for an NHL expansion team. The media company says on its Twitter account that it has submitted its “candidacy for the #NHL expansion process in order to bring the #Nordiques back to #Quebec City…
