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Latest News
CPP earned 11.6% on your pension money this year + MORE May 17th
The people who invest the Canada Pension Plan's money earned a return of 11.6 per cent in the past year once all the costs were paid, enough to boost the fund's total assets by almost $40 billion..... More »
Montreal’s financial sector tested by the black-hole pull of Toronto + MORE May 19th
Ottawa’s decision to put Canada Infrastructure Bank on Bay Street only adds to the rising sense of concern
.... More »
Finding Balance: Q&A with author Andrew Hallam Feb 23rd
Andrew Hallam’s story is the stuff of personal-finance legend. Through a combination of frugal living and prudent investing, he amassed a millionaire-dollar fortune by the age of 36, while working as a schoolteacher. In 2011, he published Millionaire Teacher: The Nine Rules of Wealth You Should Ha.... More »
Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th
A common feature of employee benefit plans in Canada is insurance coverage. The types and amounts of insurance vary, and employees should consider their personal situation to determine if they need additional coverage beyond their group plan—as they often do.
If you are self-employe.... More »
5 things to know before the stock market opens Thursday - CNBC Oct 19th
5 things to know before the stock market opens Thursday CNBCThe close: Stocks sharply lower as bond yields rise again, investors assess earnings The Globe and MailStocks Close Lower on Heightened Geopolitical Risks and Soaring Bond Yields BarchartWhy Are Stocks Down .... More »
Toronto-area home prices hit record as market remains ‘drum tight’
– theglobeandmail.com
The Toronto Real Estate Board says that the average detached house in the GTA sold for $1,214,422 last month
The Toronto area saw real estate prices soar again last month, with the average jumping 33.2 per cent from the same time last year.
Lionel Barber on FT Trump interview – Financial Times
– news.google.ca
Financial TimesLionel Barber on FT Trump interviewFinancial TimesDonald Trump has spoken exclusively to the Financial Times. Lionel Barber, editor, talks about the highlights of his conversation with the US president. Transcript. [MUSIC PLAYING]. Well, the president was alternately charming, pugnacious, direct. He …and more »
The Toronto Real Estate Board says the average price in the area rose to $916567 — up from $688011 in March 2016. – 680 News
– news.google.ca
680 NewsThe Toronto Real Estate Board says the average price in the area rose to $916567 — up from $688011 in March 2016.680 NewsOne of two suspects sought in connection with Monday's triple shooting in Woodbridge has been arrested and charged with attempted murder. Rushawn Anderson, 19, turned himself in to police on Tuesday, the same day York regional police released his …Average home price in Toronto area hits $916567: TREBCTV NewsToronto home prices soar a record 33%, pushing average house to $916000Financial PostToronto-area home prices hit record as market remains 'drum tight'The Globe and MailToronto Star -Mortgage Broker News -CP24 Toronto’s Breaking News -Digital Journalall 19 news articles »
New CPP, same concerns it will run out of money
– moneysense.ca
THE CANADIAN PRESS/Darryl DyckA new report from the C.D. Howe Institute warns the new, expanded version of the Canada Pension Plan is designed on investment return assumptions that could jeopardize future payments. With that, some Canadians are back to worrying if the plan will be there when they retire.
MoneySense suggests you relax. The report is called “Bigger CPP, Bigger Risks: What “Fully Funded Expansion Means and Doesn’t Mean” by William B.P. Robson and Alexandre Laurin. Here’s what you should know.
The concern
A key selling point of the CPP expansion announced by the federal and provincial finance ministers last September is that the additional CPP benefits will be “fully funded.” But, the report cautions, the CPP payment promises rely on assumed returns on investment much higher than actual yields on fixed-income assets suitable for backing that kind of sovereign-grade pension obligation. That could put a strain on younger Canadians, leaving them on the hook to cover the shortfall…
