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Can you use the FHSA and HBP together? + MORE Aug 15th
If you’ve been saving up to buy your first home, you’ve probably looked into the most effective ways to invest your money and come up with a solid down payment. You may also have explored programs for first-time home buyers—after all, every little bit helps, especially in a challenging housing.... More »
Why the Choice-CREIT deal is likely to be a long-term winner for investors + MORE Mar 14th
Here’s why I’ll happily exchange the Canadian Real Estate Investment Trust units in my model portfolio for units of a bigger and better Choice Properties REIT
.... More »
Wealthsimple Co-Founder and CEO Michael Katchen on Simplifying Finance Services Oct 3rd
As a changemaker in Canada’s financial services sector, Wealthsimple entered the arena in 2014 as a digital investment platform. Today, it has evolved tremendously into a company modernising the user experience with one overarching goal in mind—money, simplified.
“We offer core servic.... More »
Blue Jays trade JA Happ to Yankees for Brandon Drury, prospect - CBC.ca + MORE Jul 26th
CBC.caBlue Jays trade JA Happ to Yankees for Brandon Drury, prospectCBC.caToronto general manager Ross Atkins says competitive baseball teams are increasingly less willing to part with top prospects when they tool up for a playoff run. So while the Blue Jays didn't get a blue-chip minor leaguer.... More »
China and US sign deal that could avert mass stock delistings - CNN Aug 26th
China and US sign deal that could avert mass stock delistings CNNSEC Chair Gary Gensler breaks down the agreement with China over audit inspections CNBC TelevisionU.S. and China reach audit deal in boon for Chinese tech companies The Globe and MailUS-China Talks on D.... More »
Conference Board expects 3.1 per cent growth this year, 2.0 per cent in 2018
– canadianbusiness.com
OTTAWA _ The Conference Board of Canada says it expects the economy to grow by 3.1 per cent this year, but cautioned growth will slow over the second half and into next year.
Growth is forecast to slow to two per cent in 2018 due to slower consumer spending and a decline in residential investment.
Matthew Stewart, the board’s director for national forecasting, says the Canadian economy is performing well above potential and is on track to outperform most other developed economies by a sizable margin
The Conference Board outlook follows a forecast by the OECD earlier this week that predicted the Canadian economy would grow by 3.2 per cent this year, the fastest pace in the G7, but slow to 2.3 per cent next year.
The Conference Board says an improved labour market has boosted consumer optimism and supported consumption in the first half of the year.
However, it noted that with debt levels near-record highs, consumer spending will need to be better aligned with income growth going forward, while cooling home prices will contribute to slower consumer spending…
Growth is forecast to slow to two per cent in 2018 due to slower consumer spending and a decline in residential investment.
Matthew Stewart, the board’s director for national forecasting, says the Canadian economy is performing well above potential and is on track to outperform most other developed economies by a sizable margin
The Conference Board outlook follows a forecast by the OECD earlier this week that predicted the Canadian economy would grow by 3.2 per cent this year, the fastest pace in the G7, but slow to 2.3 per cent next year.
The Conference Board says an improved labour market has boosted consumer optimism and supported consumption in the first half of the year.
However, it noted that with debt levels near-record highs, consumer spending will need to be better aligned with income growth going forward, while cooling home prices will contribute to slower consumer spending…
National Bank of Canada says a website error may have exposed the personal information of nearly 400 of its customers, including their names, birthdates, phone number and email address.
The Canadian lender says in a statement the problem related to an electronic form on its website and did not expose clients’ banking information, social insurance numbers or addresses.
The bank says a customer filling out an online form to make a branch appointment may have been able to see the data entered by a previous user.
National Bank says it was notified earlier this week about the problem, which lasted a few days.
The lender adds the incident was the result of human error while setting up the online form, and was resolved immediately.
The bank is contacting the nearly 400 potentially-affected customers to offer free credit monitoring.
MORE ABOUT ONLINE BANKING:
The Canadian lender says in a statement the problem related to an electronic form on its website and did not expose clients’ banking information, social insurance numbers or addresses.
The bank says a customer filling out an online form to make a branch appointment may have been able to see the data entered by a previous user.
National Bank says it was notified earlier this week about the problem, which lasted a few days.
The lender adds the incident was the result of human error while setting up the online form, and was resolved immediately.
The bank is contacting the nearly 400 potentially-affected customers to offer free credit monitoring.
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Would you use Facebook to transfer money?
The post National Bank error exposed personal information of customers online appeared first on MoneySense.
Financials and energy sectors boost TSX, Wall St. down on rate hike expectations
– canadianbusiness.com
TORONTO _ Rising energy and financials shares pushed Canada’s main stock index higher today as U.S. stock indexes veered lower on heightened interest rate hike expectations.
The Toronto Stock Exchange’s S&P/TSX composite index climbed 65.32 points to 15,454.92.
In New York, modest gains from a day earlier were wiped out as investors digested Wednesday’s news that the U.S. Federal Reserve remains on course to raise rates one more time this year and three times in 2018.
The Dow Jones industrial average was down 53.36 points to 22,359.23. The S&P 500 index lost 7.64 points to 2,500.60 and the Nasdaq composite index gave back 33.35 points to 6,422.69.
The Canadian dollar was trading at an average price of 81.04 cents US, down 0.44 of a cent.
The November crude contract shed 14 cents to US$50.55 per barrel and the October natural gas contract was down 15 cents to US$2.95 per mmBTU.
The December gold contract dropped $21.60 to US$1,294.80 an ounce and the December copper contract declined three cents to US$2…
The Toronto Stock Exchange’s S&P/TSX composite index climbed 65.32 points to 15,454.92.
In New York, modest gains from a day earlier were wiped out as investors digested Wednesday’s news that the U.S. Federal Reserve remains on course to raise rates one more time this year and three times in 2018.
The Dow Jones industrial average was down 53.36 points to 22,359.23. The S&P 500 index lost 7.64 points to 2,500.60 and the Nasdaq composite index gave back 33.35 points to 6,422.69.
The Canadian dollar was trading at an average price of 81.04 cents US, down 0.44 of a cent.
The November crude contract shed 14 cents to US$50.55 per barrel and the October natural gas contract was down 15 cents to US$2.95 per mmBTU.
The December gold contract dropped $21.60 to US$1,294.80 an ounce and the December copper contract declined three cents to US$2…
