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Who’s afraid of big, bad debt? Nov 21st
While intergenerational debate continues over who’s had the toughest time, financially speaking, Manulife Bank has just released the results of a survey that looks at Canadians’ attitudes towards debt. Of the 2,000 or so people surveyed, 94% believe “the average Canadian household is in too mu.... More »
August 2017 Dividend Income Update Sep 17th
Save, invest, prosper with My Own Advisor.
August 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss our approach to investing focusing on Canadian dividend paying stocks. We believe buying and holding a nu.... More »
BMO, Scotiabank top earnings forecasts but sound wary note for road ahead - The Globe and Mail Aug 27th
BMO, Scotiabank top earnings forecasts but sound wary note for road ahead The Globe and MailCanada’s Big Banks Expected to See Revenue Boost From Solid Capital Markets The Wall Street Journal'Uncertainty meter has gone down': Bank execs hope for economic 'green shoots' after .... More »
Canada Post workers make new proposal and hold off strike notice + MORE Jul 2nd
(Adrian Wyld, CP)
The union representing postal workers says it has presented Canada Post with new offers, and workers won’t be striking before Wednesday at the earliest.
The Canadian Union of Postal Workers must give 72 hours notice of any job action by its 50,000 members and it hasn’.... More »
Range Resources boosts natural gas assets with Memorial Resource buy + MORE May 16th
Deal for $3.3-billion, excluding debt of $1.1-billion
.... More »
Global stocks mostly lower ahead of US data, speeches by Fed chairwoman
– canadianbusiness.com
BEIJING, China – Global stock markets were mostly lower Monday as investors looked ahead to this week’s public appearances by the U.S. Federal Reserve chief for signs of whether the central bank will raise interest rates this month.
KEEPING SCORE: In early trading, France’s CAC-40 retreated 0.3 per cent to 4,913.61 and Germany’s DAX was off 0.2 per cent at 11,293.76. Britain’s FTSE 100 fell 0.7 per cent to 6,331.32. Wall Street was set to add to Friday’s losses. Futures for the Standard & Poor’s 500 shed 0.3 per cent to 17,743.00. Dow futures lost 0.3 per cent to 17,742.00.
FED SPEECH: Fed Chairwoman Janet Yellen is due to deliver a speech Wednesday and congressional testimony Thursday in which financial analysts expect her to affirm the view that the U.S. economy is improving enough that the Fed can raise interest rates. Rates at near zero since the 2008 global crisis have helped boost stock prices. Fed officials have indicated they are likely to approve a rate hike at their Dec…
KEEPING SCORE: In early trading, France’s CAC-40 retreated 0.3 per cent to 4,913.61 and Germany’s DAX was off 0.2 per cent at 11,293.76. Britain’s FTSE 100 fell 0.7 per cent to 6,331.32. Wall Street was set to add to Friday’s losses. Futures for the Standard & Poor’s 500 shed 0.3 per cent to 17,743.00. Dow futures lost 0.3 per cent to 17,742.00.
FED SPEECH: Fed Chairwoman Janet Yellen is due to deliver a speech Wednesday and congressional testimony Thursday in which financial analysts expect her to affirm the view that the U.S. economy is improving enough that the Fed can raise interest rates. Rates at near zero since the 2008 global crisis have helped boost stock prices. Fed officials have indicated they are likely to approve a rate hike at their Dec…
Lords a-leaping: ’12 Days of Christmas’ items cost $34K, a 0.6 per cent increase over last year
– canadianbusiness.com
PITTSBURGH, Pa. – Lords a-leaping is the U.S. economy slow to recover!
The cost of 10 lords a-leaping increased 3 per cent over last year, but nine of the other 12 gifts listed in the carol “The Twelve Days of Christmas” stayed the same price as last year, according to the 32nd annual PNC Wealth Management Christmas Price Index released Monday.
The index is a whimsical way the Pittsburgh-based bank tracks inflation.
The set of gifts spelled out in the final verse of the song would cost $34,131 this year, or 0.6 per cent more than the adjusted 2014 price of $33,933. PNC decided to adjust the historic prices of turtle doves and swans after realizing the prices quoted by vendors didn’t reflect the birds’ overall value on the open market over the years.
“The headline, I think, is that inflation in this economy, with the sort of tepid recovery we’ve seen, is almost nonexistent,” said Jim Dunigan, chief investment officer of PNC’s asset management group…
The cost of 10 lords a-leaping increased 3 per cent over last year, but nine of the other 12 gifts listed in the carol “The Twelve Days of Christmas” stayed the same price as last year, according to the 32nd annual PNC Wealth Management Christmas Price Index released Monday.
The index is a whimsical way the Pittsburgh-based bank tracks inflation.
The set of gifts spelled out in the final verse of the song would cost $34,131 this year, or 0.6 per cent more than the adjusted 2014 price of $33,933. PNC decided to adjust the historic prices of turtle doves and swans after realizing the prices quoted by vendors didn’t reflect the birds’ overall value on the open market over the years.
“The headline, I think, is that inflation in this economy, with the sort of tepid recovery we’ve seen, is almost nonexistent,” said Jim Dunigan, chief investment officer of PNC’s asset management group…
Comment on Man set to recant oath to the Queen right after citizenship ceremony by Emilyone
– macleans.ca
My family came here in 1848.
My family is definitely “old stock”.
I have had to swear the oath of allegiance several times in my life, I am however, both an atheist, and anti monarchist.
Canada was never meant to be a country that prevents free thought.
My family is definitely “old stock”.
I have had to swear the oath of allegiance several times in my life, I am however, both an atheist, and anti monarchist.
Canada was never meant to be a country that prevents free thought.
Banking group warned government about mortgage risk sharing plan, documents show
– canadianbusiness.com
TORONTO – The Canadian Bankers Association warned the former Conservative government that a proposal to have banks shoulder more of the risk associated with home mortgage loans could hurt the country’s financial stability.
The group’s position is revealed in a letter it sent to Canada Mortgage and Housing Corporation, which was obtained by The Canadian Press through an access-to-information request.
“As the CMHC explores options to reduce the federal government’s exposure to the housing market, we would like to ensure that any changes made to the housing finance system are done so with a complete understanding of their implications on the housing and mortgage markets,” reads the letter, dated Aug. 6, 2014.
Homebuyers with less than a 20 per cent down payment are required to get mortgage default insurance — either from CMHC or one of the private mortgage insurers — when borrowing from a bank. The insurance covers the banks in cases where borrowers default on their loans…
The group’s position is revealed in a letter it sent to Canada Mortgage and Housing Corporation, which was obtained by The Canadian Press through an access-to-information request.
“As the CMHC explores options to reduce the federal government’s exposure to the housing market, we would like to ensure that any changes made to the housing finance system are done so with a complete understanding of their implications on the housing and mortgage markets,” reads the letter, dated Aug. 6, 2014.
Homebuyers with less than a 20 per cent down payment are required to get mortgage default insurance — either from CMHC or one of the private mortgage insurers — when borrowing from a bank. The insurance covers the banks in cases where borrowers default on their loans…
