How fund managers deal with career risk, why it's time to sell this rising miner, and a new ETF player + MORE Aug 18th

VANCOUVER — When Kear Porttris decided to pursue a university degree in 2010, he had to contend with responsibilities that don’t cross the minds of many freshman straight out of high school, including paying his mortgage and feeding his daughter.
Mature students who return to education have much more complex financial lives, experts say, and determining how to pay thousands of dollars in tuition, books and other expenses can be tricky. But with proper planning, a university degree can offer a good return on investment.

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Money coach Melanie Buffel, who returned to complete her MBA as a single mom more than 20 years after finishing her last degree, says adults must plan carefully before returning to school as a mature student.
“There’s a lot of homework,” says Buffel, who works with Money Coaches Canada.
She suggests prospective students should first add up all the costs of school, including easily overlooked items such as additional childcare and transportation…

Piracy is a long-running and even routine issue for Hollywood, whether it’s street vendors hawking bootleg DVDs on street corners or video uploaded to file-sharing sites like Pirate Bay. Now cybercriminals are also putting embarrassing chatter and other company secrets at risk.
The reputational risk from leaked email is much more difficult to calculate than any financial risk from piracy. “In some ways, that risk can be higher because you have no way of knowing what’s in those emails,” said Erik Rasmussen of Kroll Cyber Security.
The cataclysmal event in the back of everyone’s mind is the Sony hack in 2014 . While unreleased movies were leaked, what’s remembered is the chaos unleashed amid a network shutdown and the disclosure of derisive comments about such well-known actors as Angelina Jolie and Leonardo DiCaprio and racially insensitive remarks about then-President Barack Obama.
Although the recent HBO leaks so far have fallen well short of the damage inflicted on Sony, there were concerns early on that hackers were setting the stage for an embarrassing sequel for Hollywood…

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The company that operates the Toronto Stock Exchange says it is talking to securities regulators about Canadian-listed cannabis companies with operations in the United States, but that there is no ban currently in place on clearing trades of their stocks.
TMX Group spokesman Shane Quinn said Friday the company is in talks with Canadian securities regulators to discuss how to deal with Canadian companies with holdings in the U.S., where the drug is illegal. He said TMX hopes to report its conclusions to the public soon, but wouldn’t say if a ban is being considered.
TMX says it issued a clarification on the issue of a ban Thursday to counter unspecified media reports.
The Globe and Mail reported last week that the TMX-owned Canadian Depository for Securities, an office that processes all Canadian equity trades and ensures cash and securities wind up in the right hands, was considering a prohibition on clearing trades in such issuers.
Investors have expressed frustration over what they say is TMX’s murky position on allowing cannabis firms with U…

Canada’s main stock index was down this morning, putting the Toronto Stock Exchange on track for a loss this week.
The S&P/TSX composite index was down 86.95 points to 14,946.69, after 90 minutes of trading. Moderate losses in each of the previous three sessions had eliminated almost all of the gains made Monday.
In New York, the Dow Jones industrial average slipped 65.25 points to 21,685.48 _ following a 274-point loss on Thursday. The S&P 500 index fell 4.50 points to 2,425.51 and the Nasdaq composite index dropped 2.19 points to 6,219.73.
The Canadian dollar was trading at 79.39 cents US, up from an average price of 79.07 cents US on Thursday.
The September crude contract was down 16 cents to US$46.93 per barrel and the September natural gas contract was down three cents to US$2.90 per mmBTU.
The December gold contract was up US$8.00 to US$1,300.40 an ounce and the September copper contract was down one cent to US$2.93 a pound.
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