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RCMP apologizes to hundreds of its female officers + MORE Oct 7th
RCMP Commissioner Bob Paulson in Ottawa, March 6, 2015. (Fred Chartrand, CP)
Related reading: Inside the RCMP’s biggest crisis
OTTAWA — RCMP Commissioner Bob Paulson has delivered an abject apology to hundreds of current and former female officers and employees who were subjected to bullyi.... More »
Invest your retirement savings in Rebel Media—or, better yet, in dog toys + MORE Feb 23rd
Outspoken political commentator Ezra Levant arrives at the Law Society of Alberta in Calgary, Alta., Wednesday, March 2, 2016. (Jeff McIntosh/CP)
Planning for retirement can be tricky. There are the evergreen-for-the-greying questions: “How much money will I need?” “When can I afford to retire.... More »
Glory Gray shares her big money lesson and how, at 8, she made more money than her mom Apr 6th
Glory Gray describes herself as the Personal Trainer for Financial Fitness. Essentially that means she’s all about goals with personal finance, and she specializes in guiding Canadian women with financial decisions and wealth management. She is also the host of Women’s Wealth Canada podcast. Thi.... More »
How your tax bracket decides whether a TFSA or RRSP contribution is best + MORE Feb 25th
I was a bit surprised to learn recently that TFSAs had just ‘turned ten’. It seems like just yesterday that I was answering questions from the media about how these newfangled government-sponsored programs might change the landscape for investing in general and retirement planning in particul.... More »
Before the Bell: U.S., Canada stocks poised for tepid recovery
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Landmark trial opens for Spain’s Princess Cristina
– macleans.ca
PALMA DE MALLORCA, Spain — A landmark fraud trial opened Monday for Spain’s Princess Cristina, accused of helping bankroll a lavish lifestyle with funds her husband received from an alleged scheme to embezzle about 6 million euros ($6.5 million) in public contracts for conferences and sporting events.
Cristina and her husband, Inaki Urdangarin, said nothing to dozens of reporters as they entered a makeshift courthouse amid tight police security aimed at keeping anti-monarchy protesters away from the scene.
The two then sat silently among a group of 16 other defendants as a judge read out the charges for the historic trial, which marks the first time that a member of Spain’s royal family has faced criminal charges since the monarchy was restored in 1975.
The 50-year-old Cristina faces two counts of tax fraud carrying a maximum prison sentence of eight years for allegedly failing to declare taxes on personal expenses paid by a real estate company she owned with Urdangarin, an Olympic handball medallist turned businessman…
Arch Coal, hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday
– canadianbusiness.com
NEW YORK, N.Y. – Arch Coal, which has been hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday.
The coal industry is struggling as electric power companies shift to using natural gas, which costs less than coal and produces less pollution. Other coal companies have filed for bankruptcy protection recently, including Alpha Natural Resources Inc. and Patriot Coal Corp.
Arch Coal Inc. says its mines will remain open and its employees should not be immediately affected by the bankruptcy process.
The company says it reached a deal with its lenders to reduce its debt by more than $4.5 billion. In filings with a bankruptcy court, the St. Louis-based company says it has $6.5 billion in debt and $5.8 billion in assets.
The post Arch Coal, hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday appeared first on Canadian Business – Your Source For Business News.
The coal industry is struggling as electric power companies shift to using natural gas, which costs less than coal and produces less pollution. Other coal companies have filed for bankruptcy protection recently, including Alpha Natural Resources Inc. and Patriot Coal Corp.
Arch Coal Inc. says its mines will remain open and its employees should not be immediately affected by the bankruptcy process.
The company says it reached a deal with its lenders to reduce its debt by more than $4.5 billion. In filings with a bankruptcy court, the St. Louis-based company says it has $6.5 billion in debt and $5.8 billion in assets.
The post Arch Coal, hurt by the weakening demand for coal, filed for Chapter 11 bankruptcy protection Monday appeared first on Canadian Business – Your Source For Business News.
RRSP basics: Why and how to save
– cbc.ca
Why save in an RRSP? The simple answer is that, when it comes time to retire, you don’t want to be poor.
Squeeze out more yield
– moneysense.ca
Call it the fixed-income quandary. Your investment-grade fixed income doesn’t yield much anymore. And the capital gains you enjoyed when interest rates were falling have pretty much dried up. But you still need a sizeable load of them for the stability it provides your portfolio. Think of it as the ballast in the hold of your equity-powered racing schooner that will help keep it from capsizing during the next storm.While there is no escaping this dilemma, you can still make the most of these frustrating but necessary investments by choosing them wisely. You can enhance yields modestly with little added risk by going more for investment-grade corporate bonds than government bonds, or by picking higher-yielding GICs offered by small institutions, and by keeping investment fees low. You should also go for a long-enough term to generate some yield without making yourself too vulnerable to potential rises in interest rates.
Remember that fixed-income holdings play defence for your portfolio…
