Is it the right time to buy a house? Yes. If you have answers + MORE Jul 6th

European financial services commissioner Valdis Dombrovskis dismissed arguments that Italian banking is in crisis due to Britain’s vote to leave the EU

TORONTO – Ontario is setting up a new body to pool and manage public sector pensions.
The Liberal government announced that the Investment Management Corporation of Ontario was established July 1 and is set to be up and running by next spring.
The government says the fund is expected to lower administrative costs and help improve return on investments, but participation will be voluntary for broader public sector organizations.
The Ontario Pension Board — which administers provincial government employees’ pensions as well as those of workers at government agencies, boards and commissions — and the Workplace Safety and Insurance Board are founding members, with combined investment assets of about $50 billion.
A spokeswoman for Finance Minister Charles Sousa says the new corporation “will not require any financial support from the Ontario government or the Ontario taxpayer and will operate at arm’s length from the government as a member-based non-profit corporation…

NEW YORK, N.Y. – Crowdfunding investing that became available to individual investors on May 16 is brand-new for many people. Here are some questions and answers about this way of buying stakes or debt issued by small businesses:
Q. What is crowdfunding investing? How is it different from other crowdfunding?
A. Crowdfunding investing is a way for small companies to raise money, either from equity or debt, by soliciting investors through crowdfunding websites. Many companies raise cash from sites like Kickstarter, Indiegogo and GoFundMe, but in those cases the people sending in money are often getting a product like a T-shirt — not making an investment in hopes of getting a monetary return.
Q. What companies can people invest in?
A. The companies are listed on websites authorized by the Financial Industry Regulatory Authority, an organization that creates and enforces rules for the securities industry and exchanges. A list of the FINRA-approved sites is on its website, www.finra…

Housing market is tough to get into—prices are high, but interest rates are low, so how do you know if it’s the right time to buy?
The practical answer has little to do with mortgage rates or housing prices and everything to do with with where you see yourself in five to 10 years. Do you expect to be employed in the same company? Living in the same city? What does your path look like in the next five to 10 years. If you can answer this with some confidence, then you may be ready to buy.
Then you have to look at your budget. Look beyond what you can afford, as mortgage calculators don’t factor in RRSP or RESP or TFSA contributions. MoneySense contributor, Bruce Sellery, walks us through what to consider when considering a property purchase. 
Ask Home Owner columnist Romana King your real estate question »

brightcove…

CFD basically stands for Contract for Difference. CFDs are derivative products that are contractual. The parties involved in CFDs are usually two. There may be a buyer and seller. The nature of the parties involved varies in this regard. What this means is, depending on the contract, the parties involved could also be a client and broker. CFDs usually reflect the movement of the asset that underlies it. When the asset moves in the financial market relative to the position taken, profits or losses may be realized. The asset itself is never owned by any of the parties involved.
The CFD centers on a binding agreement that the buyer will be paid by the seller the difference between an asset’s value at the time of the contract and its current value.
With CFDs, traders can benefit from the upward movement of prices in what is known as long positions. Even when the prices move down in short positions, traders can take advantage of the financial instruments underlying the particular derivative…