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Year end tax tips and financial housekeeping + MORE Dec 13th
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Jingle bells…jingle bells…jingle all the way…
Geez, right around the corner isn’t it?
The holiday season signals the end of something old and the beginning of something new. It’s a great time of year to spend time with family and friends, after .... More »
Losing ground: Why Canada’s grip on U.S. real estate is slipping + MORE Oct 29th
In the aftermath of the financial crisis, Canadian pension funds, insurance companies and investment firms began a near-decade-long U.S. commercial real estate spending spree that has been unmatched by any country. Until now.
.... More »
How housing affordability is declining + MORE Dec 19th
For the third year in a row Maclean’s asked economists, investors, analysts and financial commentators to submit what they think will be an important chart Canadians should watch in the year ahead—and they delivered, in spades. Here is just one of the many charts that help paint the picture of .... More »
Toronto’s housing market may need a Vancouver-style cooling: RBC Feb 25th
Royal Bank CEO David McKay is joining a growing chorus of financial industry and government leaders voicing concerns with soaring house prices in Canada’s largest cities
.... More »
The best high-interest savings accounts in Canada for 2024 + MORE Sep 9th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Vancouver SunDetached-house prices hit record high in Lower MainlandVancouver SunSingle-family house price increases easily outpaced the rising value of all other Lower Mainland housing types last year, with the benchmark price of a typical Greater Vancouver detached home topping the $1-million mark in December. The value of that …Greater Vancouver home price index rises above $1-millionThe Globe and Mail (subscription)All-time high: Price of Vancouver detached home hits $1 millionCTV NewsVancouver Real Estate: Benchmark Price Of Detached Home Reaches $1 MillionHuffington Post Canadaall 8 news articles »
U.S. investment bank Morgan Stanley says an employee who stole personal information about 900 of the bank’s high net worth clients in wealth management has been fired.
Financial PostThe close: Markets plunge as broad selloff takes holdThe Globe and MailCanada's main stock index recorded its biggest single-day percentage drop in about 20 months, tumbling nearly 2.5 percent on Monday, as a deepening selloff in oil prices hit shares of energy companies. Nine of the 10 main sectors on the Toronto equity …TSX closes down 360 points as oil trades below $50 a barrelCBC.caTSX plunges as oil breaches $50 levelToronto StarTSX tumbles 360 points as oil dips below US$50 a barrelTimes ColonistCanadianBusiness.comall 129 news articles »
2015 Financial Goals
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Over the last couple of years I’ve posted our financial goals on My Own Advisor. Some fellow bloggers have noted this might be a bold move but I don’t consider it too daring. Other bloggers have reported on their goals for certain reasons but here are my reasons for doing so:
Over the last couple of years I’ve posted our financial goals on My Own Advisor. Some fellow bloggers have noted this might be a bold move but I don’t consider it too daring. Other bloggers have reported on their goals for certain reasons but here are my reasons for doing so:
I believe all goals should be clear and transparent,
I believe all goals should be realistic,
I believe all goals should be measured, and
I believe all goals should be documented.
In my day job and industry, if things are not documented they didn’t happen. Making our goals clear, realistic, monitoring them for progress and writing them down should increase our chances of hitting the mark. Except for one objective we nailed all our financial goals last year. Did we get lucky? Maybe but I would like to think we realized our 2014 financial goals because our objective-setting and monitoring processes are working.
So, 2015 will be no exception folks and without further ado here are our 2015 financial goals…
Ontario Auditor General Bonnie Lysyk delivers her 2014 report during a press conference in Toronto on Tuesday, Dec. 9, 2014 (Nathan Denette/The Canadian Press)Another auditor general (AG)’s report was grabbing headlines last month. It’s a common refrain: billions wasted by incompetent bureaucrats. Reporters gobble it up. Opposition politicians express outrage. Citizens’ trust in the government suffers another blow.
Yet when one digs deeper, the story is more nuanced. The headline number quoted in the AG’s press release may be subject to interpretation. It may represent only one (sensational) side of the story. Worse yet, the report may be substituting the judgment of auditors, who are not required to demonstrate either management or operational experience, for the judgment of the professional managers running the organization.
It’s no accident that private sector business owners rarely turn to their auditors to run the business. Auditors are trained to provide assurance that firms are presenting their financial results in a fair and complete way…
