How to go about securing the best return for your investment in Canada.
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CFO of Chinese tech giant Huawei arrested in Vancouver, sought by U.S. for extradition + MORE Dec 6th
Canadian officials have arrested Wanzhou Meng, the chief financial officer and deputy chairwoman of the board for the Chinese tech giant Huawei, CBC News has confirmed..... More »
Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next. - Barron's Jul 1st
Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next. Barron'sElon Musk just made his starkest political threat since the election CNNTrump threatens to set Doge on Musk as pair feud again over budget plan BBCElon Musk and Donald Trump are fighting.... More »
Does crypto belong in a Canadian wealth portfolio? Jul 7th
Should you consider adding bitcoin (BTC), ethereum (ETH), or other cryptocurrencies to your investment portfolio? For long-term investors who can tolerate significant volatility, a small allocation—sometimes around 5%—is increasingly part of the conversation.
Crypto’s appeal lies in its gro.... More »
Podcast 5: Master Class with the Millionaire Teacher + MORE Feb 8th
My newest podcast features an interview with Andrew Hallam, author of Millionaire Teacher, a compelling introduction to building wealth through smart saving and disciplined investing.
Andrew grew up in Canada, but he’s a citizen of the world. He spent several years as a teacher at the Singapore A.... More »
How AI is helping Canadians budget, save, and tackle debt Aug 1st
Canadians are increasingly turning to artificial intelligence for help with their money. From smart budgeting tools to automated investing apps, AI is quickly becoming part of how we manage our finances.
According to research by Ipsos Canada, commissioned by BMO, 33% of Canadians use AI tec.... More »
Puerto Rico awaits $230M investment in Four Seasons hotel
– canadianbusiness.com
SAN JUAN, Puerto Rico _ Puerto Rico’s governor says developers are investing $230 million to build a long-awaited Four Seasons resort in the island’s northeast coast.
Alejandro Garcia Padilla said Wednesday that the hotel will be based in Fajardo and will open by the end of 2018. He said various issues previously delayed construction of the hotel to the point where the original infrastructure had to be demolished.
He said the project will generate some 800 temporary and permanent jobs.
The announcement comes as Puerto Rico seeks to boost its tourism sector amid a decade-long economic crisis that has spooked many investors. The U.S. territory has reported a record number of cruise ship passengers, added 1,000 hotel rooms this year and welcomed 11 new flights to the island.
The post Puerto Rico awaits $230M investment in Four Seasons hotel appeared first on Canadian Business – Your Source For Business News.
Alejandro Garcia Padilla said Wednesday that the hotel will be based in Fajardo and will open by the end of 2018. He said various issues previously delayed construction of the hotel to the point where the original infrastructure had to be demolished.
He said the project will generate some 800 temporary and permanent jobs.
The announcement comes as Puerto Rico seeks to boost its tourism sector amid a decade-long economic crisis that has spooked many investors. The U.S. territory has reported a record number of cruise ship passengers, added 1,000 hotel rooms this year and welcomed 11 new flights to the island.
The post Puerto Rico awaits $230M investment in Four Seasons hotel appeared first on Canadian Business – Your Source For Business News.
The close: TSX ends barely higher, industrial stocks led gains
– theglobeandmail.com
Wall Street slips, dragged by healthcare and real estate
Health care stocks skid, keeping Dow short of 20,000 mark
– canadianbusiness.com
NEW YORK _ U.S. stock indexes are slightly lower Wednesday as health care companies continue to struggle. The price of natural gas is surging as winter begins, and that’s giving energy companies a lift. The Dow Jones industrial average remains near record highs, but short of the 20,000-point milestone.
KEEPING SCORE: The Dow dipped 21 points, or 0.1 per cent, to 19,953 as of 2 p.m. Eastern time. Goldman Sachs was responsible for almost all of that loss. The Standard & Poor’s 500 index lost 3 points, or 0.1 per cent, to 2,267. The Nasdaq composite fell 6 points, or 0.1 per cent, to 5,477. More stocks rose than fell on the New York Stock Exchange. Trading remains light.
HEALTH WOES: Cancer drug maker Celgene dipped $2.08, or 1.8 per cent, to $116.44 and health insurance company Anthem lost $2.68, or 1.8 per cent, to $144.98 as health care stocks fell. The S&P 500 health care index is down about 4.5 per cent this year. It’s the only sector that is currently lower than it was at the end of 2015…
KEEPING SCORE: The Dow dipped 21 points, or 0.1 per cent, to 19,953 as of 2 p.m. Eastern time. Goldman Sachs was responsible for almost all of that loss. The Standard & Poor’s 500 index lost 3 points, or 0.1 per cent, to 2,267. The Nasdaq composite fell 6 points, or 0.1 per cent, to 5,477. More stocks rose than fell on the New York Stock Exchange. Trading remains light.
HEALTH WOES: Cancer drug maker Celgene dipped $2.08, or 1.8 per cent, to $116.44 and health insurance company Anthem lost $2.68, or 1.8 per cent, to $144.98 as health care stocks fell. The S&P 500 health care index is down about 4.5 per cent this year. It’s the only sector that is currently lower than it was at the end of 2015…
Nigerian lawsuit revives billion dollar oil scandal
– canadianbusiness.com
LAGOS, Nigeria _ Nigeria’s anti-corruption agency is reviving a five-year-old scandal involving one of Africa’s richest oil blocs, in which a former petroleum minister and his allies allegedly made $1.1 billion dollars and the state oil company $210 million.
The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc. The money came from a Nigerian escrow account at the London branch of JPMorgan Chase, according to the court document.
The story of the Malabu OPL 245 oil bloc already is being investigated in the United States, Britain, Italy and France. The accusations are typical of the corruption that has impoverished Nigeria, which has the continent’s biggest economy and second-largest oil production.
Separately, Nigeria’s legislature is investigating why the state got so little of the proceeds of a deal brokered by Bello Adoke in 2011 to resolve an ownership dispute involving British-Dutch oil multinational Shell, Italian Eni, Etete’s Malabu Oil, Abubakar’s Rocky Top Resources and Nigeria’s state oil company…
The Economic and Financial Crimes Commission filed suit Tuesday in the federal high court charging former petroleum minister Dan Etete, former justice minister Mohammed Bello Adoke and businessman Aliyu Abubakar with fraud and money laundering of hundreds of millions of dollars in the sale of the bloc. The money came from a Nigerian escrow account at the London branch of JPMorgan Chase, according to the court document.
The story of the Malabu OPL 245 oil bloc already is being investigated in the United States, Britain, Italy and France. The accusations are typical of the corruption that has impoverished Nigeria, which has the continent’s biggest economy and second-largest oil production.
Separately, Nigeria’s legislature is investigating why the state got so little of the proceeds of a deal brokered by Bello Adoke in 2011 to resolve an ownership dispute involving British-Dutch oil multinational Shell, Italian Eni, Etete’s Malabu Oil, Abubakar’s Rocky Top Resources and Nigeria’s state oil company…
There’s money in your couch
– moneysense.ca
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Couch Potato Guide Overview
Couch Potato Selector
3 Ways to Build a Couch
What about Robo-Advisors?
Couch Potato Performance
Photo by Nikki Ormerod
Do you think spending your evenings studying annual reports and researching mutual funds is the recipe for building wealth? If you’ve spent any time with MoneySense you know there’s a different way: the Couch Potato strategy…
