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Latest News
Inside Tangerine’s Global ETF Portfolios Jun 28th
Asset allocation ETFs were revolutionary when they appeared in 2018, but they were hardly the first products that allowed Canadian investors to own a diversified index portfolio with a single fund. Way back in 2008, the online bank ING Direct launched what they called the Streetwise Funds. Like the .... More »
Seven U.S. aerospace and defence stocks with strong price performance + MORE Apr 14th
We are seeking aerospace and defence stocks that have reasonable valuations and consistent earnings growth
.... More »
At the open: TSX rises amid broad-based gains, HBC jumps + MORE Oct 24th
Dow starts at record on strong earnings
.... More »
Via Rail places $989M train order with Germany's Siemens instead of Bombardier Dec 12th
Via Rail has selected Germany's Siemens over Bombardier Inc. for a $989 million contract to build new rolling stock as the Canadian passenger rail service renews its fleet of locomotives and cars for the rail corridor between Quebec City and Windsor, Ont..... More »
Morneau leaning toward 'targeted measure' to boost corporate investment - not tax cut + MORE Sep 13th
The federal government's fall economic update is likely to include targeted tax measures to boost the country's competitiveness instead of a cut to the country's corporate tax rate, according to a senior government official familiar with the Department of Finance's work on the issue..... More »
Before the Bell: Brace for an active day in the markets
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Prepare for a 10% minimum down payment
– moneysense.ca
The federal Department of Finance is seriously considering weighing in on Canada’s housing market by raising the minimum down payment on a home purchase from 5% to up to 10%. The announcement could come as early as January 2016.
According to RateSpy.com founder and independent mortgage broker Robert McLister, government policy-makers are considering a graduated minimum down payment threshold based on either the home value or the mortgage amount. Homes/mortgages under $500,000 would only require a 5% down payment, while those between $500,000 and $700,00o would require 7% down and anything over $700,000 would require 10% down.
Apparently, the rationale for this new graduated scale is two-fold:
→ Tougher lending requirements should help cool the housing market, particularly in red-hot Toronto and Vancouver.
→ It would also help minimize the exposure taxpayers have to insured mortgage default losses.
Currently, if a person buys a home with less than 20% down the lender is legally required to take out mortgage default loan insurance…
According to RateSpy.com founder and independent mortgage broker Robert McLister, government policy-makers are considering a graduated minimum down payment threshold based on either the home value or the mortgage amount. Homes/mortgages under $500,000 would only require a 5% down payment, while those between $500,000 and $700,00o would require 7% down and anything over $700,000 would require 10% down.
Apparently, the rationale for this new graduated scale is two-fold:
→ Tougher lending requirements should help cool the housing market, particularly in red-hot Toronto and Vancouver.
→ It would also help minimize the exposure taxpayers have to insured mortgage default losses.
Currently, if a person buys a home with less than 20% down the lender is legally required to take out mortgage default loan insurance…
Carney, Bloomberg press for climate-change risk disclosure guidelines
– theglobeandmail.com
Move aims to develop voluntary financial risk disclosure guidelines that will ensure consistent information for investors, lenders, insurers
