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European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday..... More »
CBC.caFacebook's rise in profits, users shows resilience after scandalsCBC.caFacebook Inc. shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.... More »
Brexit white paper seeks free movement for skilled workers and students - The Guardian + MORE Jul 12th
The GuardianBrexit white paper seeks free movement for skilled workers and studentsThe GuardianBusinesses should be able to move “their talented people” from the UK to the European Union – and vice versa – after Brexit, according to the government's strategy white paper, which was publi.... More »
Apple reported quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services like the App Store, Apple Music and iCloud..... More »
Freed Americans Leave North Korea, as Trump Prepares to Welcome Them Home - New York Times + MORE May 9th
New York TimesFreed Americans Leave North Korea, as Trump Prepares to Welcome Them HomeNew York TimesWASHINGTON — Three American prisoners freed by North Korea were flying back to the United States on Wednesday, heading toward an air base where President Trump planned to personally welcome them ho.... More »
The federal government is prepared to consider assuming some of the financial risk as a solution to the Trans Mountain pipeline expansion feud involving Kinder Morgan and B.C.
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don’t need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn’t happen often!) against measures that will make the discount broker business more complicated and costly to the detriment of investors, the regulator IIROC is ploughing ahead with a revised Guidance. What kind of bad things for investors are likely?disappearance and future restriction of many useful useful tools like model portfolios under the pretext that this is making recommendations aka providing advice, which the discount brokers are not allowed to provide; I would dearly like to see a (good) risk assessment module attached to the model portfolio selection tools but this probably won’t happen nowrising fees or commissions charged to investors as the brokers are obliged to provide more complicated vetting procedures to ensure investors are only allowed to open “appropriate” accountsAs I said in my own comments to IIROC over a year ago, the history of the discount brokers over the two decades during which I have been an active investor with a bunch of them (BMO InvestorLine, TD Direct Investing, Questrade, RBC Direct Investing) has been pleasingly positive – low trading and administration costs, broad and steadily expanding product availability and services, responsive people when when a few administrative issues arose, impressive and widening range of useful tools, reports and educational material…