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Ditching home ownership and becoming a millionaire instead + MORE Apr 26th
Save, invest, prosper with My Own Advisor.
Ditching home ownership and becoming a millionaire instead
You might already know from the recent posts on my site, I’m more interested in FIRE – which stands for Financial Independence Retire Early in the personal financial community.
Here are some rec.... More »
Budget’s second parent leave formula favours men over women: experts + MORE Mar 1st
TORONTO _ The federal budget might have been sold on its female-friendly features, but business experts say it still falls short in solving the wage gap because the formula it uses to calculate employment insurance still favours men over women.
Under the government’s new EI Parental Sharing Be.... More »
Oil prices soar after 11 non OPEC countries agree to cut back output + MORE Dec 12th
TORONTO — Oil prices have soared following a weekend agreement to cut back production by 11 non-OPEC countries.
January crude oil contracts were at US$53.63 per barrel as North American stock markets opened up $2.13 from late Friday. Earlier, they traded as high as US$54.51 a barrel a level that h.... More »
The best GIC rates in Canada for 2025 + MORE Feb 3rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigat.... More »
Toronto stock index climbs on banks, industrials + MORE May 23rd
Canada's main stock index chalked up a moderate gain today as financial stocks got a boost ahead of Canadian bank earnings this week..... More »
Shave $9,092.21 off the cost of love
– moneysense.ca
Turns out, love does have a price—and it’s $61,821.60, according to the fourth annual Cost of Love study from RateSupermarket.ca.
Why $61,821.60? To come up with this rather precise number, the mortgage rate comparison site tallied up all the financial outlays associated with a one-year courtship period, one-year engagement and the average Canadian wedding. Baked into their calculations are various assumptions: Among other things, a prosperous and successful romance must include one beach vacation (with an average cost of $3,523), two weekend getaways (with an average cost of $625.75 ) and exactly 12 fancy dates (with an average cost of $277.54).
Want an easy way to shave $9,092.21 to $10,889.42 off of this formidable expense? Skip your fancy plans for Valentine’s Day and invest that money in a tax-sheltered savings vehicle like a TFSA or RESP.
Keep on reading, I’ll show you how it all works.
Putting a price on romance
RateSupermarket defines a “fancy” $277…
Why $61,821.60? To come up with this rather precise number, the mortgage rate comparison site tallied up all the financial outlays associated with a one-year courtship period, one-year engagement and the average Canadian wedding. Baked into their calculations are various assumptions: Among other things, a prosperous and successful romance must include one beach vacation (with an average cost of $3,523), two weekend getaways (with an average cost of $625.75 ) and exactly 12 fancy dates (with an average cost of $277.54).
Want an easy way to shave $9,092.21 to $10,889.42 off of this formidable expense? Skip your fancy plans for Valentine’s Day and invest that money in a tax-sheltered savings vehicle like a TFSA or RESP.
Keep on reading, I’ll show you how it all works.
Putting a price on romance
RateSupermarket defines a “fancy” $277…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (12,087.44, down 98.28 points):
B2Gold Corp. (TSX:BTO). Miner. Up 18 cents, or 14.52 per cent, to $1.42 on 18.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 31 cents, or 9.17 per cent, to $3.69 on 16.6 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 49 cents, or 13.69 per cent, to $4.07 on 16.2 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance, financial Services. Down $1.47, or 8.49 per cent, to $15.84 on 14.8 million shares. Manulife Financial Corp. saw a 62 per cent drop in fourth-quarter profit, largely from losses in its oil and gas investments. The Toronto-based company reported net income of $246 million or 11 cents a share for the three-month period ended Dec. 31.
Lake Shore Gold Corp. (TSX:LSG). Miner. Up 17 cents, or 11.11 per cent, to $1.70 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 59 cents, or 3.66 per cent, to $16.70 on 10…
Toronto Stock Exchange (12,087.44, down 98.28 points):
B2Gold Corp. (TSX:BTO). Miner. Up 18 cents, or 14.52 per cent, to $1.42 on 18.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 31 cents, or 9.17 per cent, to $3.69 on 16.6 million shares.
Kinross Gold Corp. (TSX:K). Miner. Up 49 cents, or 13.69 per cent, to $4.07 on 16.2 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance, financial Services. Down $1.47, or 8.49 per cent, to $15.84 on 14.8 million shares. Manulife Financial Corp. saw a 62 per cent drop in fourth-quarter profit, largely from losses in its oil and gas investments. The Toronto-based company reported net income of $246 million or 11 cents a share for the three-month period ended Dec. 31.
Lake Shore Gold Corp. (TSX:LSG). Miner. Up 17 cents, or 11.11 per cent, to $1.70 on 11.4 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 59 cents, or 3.66 per cent, to $16.70 on 10…
Jennifer Dowty: What to do with your RRSP contributions amid this violent selloff
– theglobeandmail.com
Three key things that need resolving before investors can feel better about markets
At midday: TSX falls on global growth concerns – The Globe and Mail
– news.google.ca
The Globe and MailAt midday: TSX falls on global growth concernsThe Globe and MailCanada's main stock index fell over 1 per cent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. The most influential weight on the index was Manulife …Manulife Financial Corp profit slides 62% as energy investments take a hit: 'A disappointing year'Financial PostLosses in oil and gas sector bite into Manulife's fourth-quarter earningsThe ProvinceCANADA STOCKS-TSX falls as results from Manulife, others disappointReutersMotley Fool -Reuters Canadaall 72 news articles »
Interest rates remain low because we need more borrowers
– moneysense.ca
According to a new a report by the Fraser Institute, global interest rates are persistently so very low because there’s not enough borrowers in the world.
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
Michael Walker, chairman of the Fraser Institute Foundation, writes: “Interest rates in the 29 economies that make up 90% of the world’s GDP are low because—and to the extent that—these economies are experiencing a dearth of borrowers and hence a relatively high saver-to-borrower ratio.”
Walker states that in order for central banks to continue to use interest rates as an effective monetary policy tool, the balance between supply and demand—saver and borrower—needs to be maintained. “The fact is that every saver who wants to earn a return needs a debtor as an accomplice,” states Walker in his report, released early this morning. “Because of the anonymity of financial institutions, the connection [between saver and debtor] is not appreciated and indeed most people taking a loan or a mortgage think they are getting it from the bank or credit union…
