TSX getting you down? There are always sound investment alternatives.
Latest News
Top financial innovations of the last 25 years + MORE Feb 27th
To mark MoneySense’s 25th anniversary, we dove into the top innovations that have changed personal finance since this magazine was founded in 1999. From new registered accounts and investment products to online services and developments in artificial intelligence, these are some of the biggest.... More »
For those hoping to be homeowners and parents, compromise is key + MORE Sep 26th
Children bring extra costs that must be considered when scouring the red-hot real estate market..... More »
The best GIC rates in Canada for 2025 Mar 10th
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 »
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech - CHEK News + MORE Feb 21st
B.C. New Democrat government makes pledges to homebuyers, renters, in throne speech CHEK NewsHomeowners, renters promised more security in B.C. throne speech CBC.caHousing, affordability take centre-stage in B.C. election-year throne speech Global NewsB.C. government.... More »
Investors are delusional when it comes to Canadian marijuana companies + MORE Jan 10th
Marijuana plants grow in a climate controlled growing room at Tweed Inc., now Canopy Growth, in Smith Falls, Ontario in 2015. (James MacDonald/Bloomberg/Getty Images)
Allan Gregory is a professor of economics at Queen’s University.
As the July deadline for the provinces to legalize marijuana a.... More »
Get #MoneyFit in 2016
– moneysense.ca
Resolutions are tough to keep but MoneySense is here to help. Think of us as your money coach or trainer and our #MoneyFit club as your personal gym.
Learn to tone your money muscles all year long. Each month, our interactive calendar will be there with tips and resources you need to get in the best financial shape of your life. Look to the #MoneyFit calendar to meet these financial challenges:
Curb spending
Boost your earnings
Bulk up your TFSA
Lower your taxes
Maximize your home value
Build the perfect your portfolio
Save money with the best deals
Buy quality when you buy what you love
Get a head-start on January and sign up for our weekly Money Fit newsletter to get tips and advice straight to your inbox each week.
8 MoneySense staffers share their #MoneyFit goals »
Here’s what January has in store:
Get a free #MoneyFit Makeover and a year’s worth of advice!
How would you like to have our team of MoneySense experts as your own personal money coach all year long? Tell us how you want to get financially fit in 2016 or let us know your money problems and you could be featured in MoneySense and get free advice on everything from:
Learning smart money habits
Getting a better mortgage rate
Mastering your retirement plan
Saving for education
Raising rich kids
Tell us your #MoneyFit goals and money problems and we’ll try to help »
The post Get #MoneyFit in 2016 appeared first on MoneySense.
Mullen Group cuts 2016 capital spending, dividend; cites hardship in the oilpatch
– canadianbusiness.com
OKOTOKS, Alta. – The Mullen Group Ltd. (TSX:MTL) says it is slashing both its capital budget and dividend as the oilfield services company faced a “challenging and difficult” year in the oilpatch in 2015 and doesn’t expect any improvement in 2016.
In an announcement Wednesday after markets closed, the company said its board had approved a capital budget of $25 million for 2016, down $55 million from 2015.
It added that the majority of that budget will be focused on acquiring trucks, trailers and specialized equipment to support operations for its trucking/logistics segment.
Meanwhile, the company said it will cut its annual dividend to 96 cents from $1.20.
Chairman and CEO Murray Mullen said the company could have maintain the 2015 payout given its outlook for the markets its serves.
“However, this does not provide the margin of safety that I, or the board, believe is necessary given the challenges faced in light of the steep declines in commodity prices,” he said…
In an announcement Wednesday after markets closed, the company said its board had approved a capital budget of $25 million for 2016, down $55 million from 2015.
It added that the majority of that budget will be focused on acquiring trucks, trailers and specialized equipment to support operations for its trucking/logistics segment.
Meanwhile, the company said it will cut its annual dividend to 96 cents from $1.20.
Chairman and CEO Murray Mullen said the company could have maintain the 2015 payout given its outlook for the markets its serves.
“However, this does not provide the margin of safety that I, or the board, believe is necessary given the challenges faced in light of the steep declines in commodity prices,” he said…
Business Highlights
– canadianbusiness.com
___
Fed finally lifts key interest rate from near zero
WASHINGTON (AP) — The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans.
The Fed coupled its first rate hike in nine years with a signal that further increases will likely be made slowly as the economy strengthens further and inflation rises from undesirably low levels.
The central bank said in a statement after its latest meeting that it was lifting its key rate by a quarter-point to a range of 0.25 per cent to 0.5 per cent. Its move ends an extraordinary seven-year period of near-zero borrowing rates.
___
Lamar Odom’s downfall tops Google’s list of 2015 searches
SAN FRANCISCO (AP) — Lamar Odom’s bizarre downfall from a former Los Angeles Lakers star to a lost soul in a Nevada brothel had the world searching Google for answers more than any other topic this year.
A four-day binge that culminated in Odom being found unconscious placed him atop Google’s list of hottest searches during 2015…
Fed finally lifts key interest rate from near zero
WASHINGTON (AP) — The Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans.
The Fed coupled its first rate hike in nine years with a signal that further increases will likely be made slowly as the economy strengthens further and inflation rises from undesirably low levels.
The central bank said in a statement after its latest meeting that it was lifting its key rate by a quarter-point to a range of 0.25 per cent to 0.5 per cent. Its move ends an extraordinary seven-year period of near-zero borrowing rates.
___
Lamar Odom’s downfall tops Google’s list of 2015 searches
SAN FRANCISCO (AP) — Lamar Odom’s bizarre downfall from a former Los Angeles Lakers star to a lost soul in a Nevada brothel had the world searching Google for answers more than any other topic this year.
A four-day binge that culminated in Odom being found unconscious placed him atop Google’s list of hottest searches during 2015…
Twitter abuzz as politicians, staffers weigh in on mystery of Las Vegas Review-Journal buyers
– canadianbusiness.com
LAS VEGAS, Nev. – The ownership mystery surrounding the sale of the Las Vegas Review-Journal has captured the attention of the media industry as the newspaper’s staff and some politicians demand to know who the new boss is.
The timing of the deal and the purchase price have Twitter buzzing and rumours flying that a wealthy GOP donor bought the largest newspaper in a swing state to influence the presidential election. Even a White House hopeful has weighed in.
The recently incorporated News + Media Capital Group LLC announced last week that it bought the Las Vegas Review-Journal and some affiliated publications for $140 million. That’s a markup of about 37 per cent from the paper’s last sale earlier this year, when the similarly named New Media Investment Group bought it.
Newspaper officials have not identified those behind the new company. Publisher Jason Taylor didn’t return calls for comment Tuesday but has previously said he can’t identify the group’s backers, who approached the paper months ago…
The timing of the deal and the purchase price have Twitter buzzing and rumours flying that a wealthy GOP donor bought the largest newspaper in a swing state to influence the presidential election. Even a White House hopeful has weighed in.
The recently incorporated News + Media Capital Group LLC announced last week that it bought the Las Vegas Review-Journal and some affiliated publications for $140 million. That’s a markup of about 37 per cent from the paper’s last sale earlier this year, when the similarly named New Media Investment Group bought it.
Newspaper officials have not identified those behind the new company. Publisher Jason Taylor didn’t return calls for comment Tuesday but has previously said he can’t identify the group’s backers, who approached the paper months ago…
US Fed raises key interest rate for first time in 9 years – CTV News
– news.google.ca
CTV NewsUS Fed raises key interest rate for first time in 9 yearsCTV NewsWASHINGTON — The U.S. Federal Reserve is raising interest rates from record lows set at the depths of the 2008 financial crisis, a shift that heralds modestly higher rates on some loans. The Fed coupled its first rate hike in nine years with a signal …Overoptimistic Fed strains credibility on economic forecastsThe Globe and MailUS Federal Reserve hikes interest rates, but Canada not likely to follow suitToronto SunFed aggressively ramps up new tool to pry rates higherReuters CanadaUSA TODAY -Washington Post -New York Timesall 6,640 news articles »
