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What to do if you have too much in one stock Nov 30th
Nick is retiring with one-third of his investments in his employer's stock. What's the best way to diversify without taking a huge tax hit? [MoneySense].... More »
Five things to watch for in the Canadian business world in the coming week + MORE Nov 13th
TORONTO – Five things to watch this week in Canadian business:
Money Talk: Investment management giant BlackRock hosts a meeting Monday in Toronto between global financiers and several federal cabinet ministers including Bill Morneau of Finance. Ottawa’s big spending proposals, including.... More »
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories - The Globe and Mail Sep 3rd
Canada's economy shrinks, mortgage balances grow and Freeland imposes measures on Wealth One Bank: Must-read business and investing stories The Globe and MailView Full Coverage on Google News.... More »
Saputo buys out remaining 12% of Australia’s Warrnambool dairy + MORE Jan 30th
Saputo Inc. is moving to buy out the minority shareholders of an Australian cheese and dairy producer that it acquired in 2014 after a hard-fought takeover battle.
The Montreal-based company’s Australian subsidiary is offering A$8.85 per share cash (C$8.77 at current exchange rates) for each o.... More »
Making sense of the markets this week: February 19, 2023 Feb 17th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Steady profits never make the news
Being a pipeline company is sort of like being a hockey referee: If people notice you, it’s pr.... More »
Sign up for online billing before the Canada Post strike
– moneysense.ca
Canada Post workers may go on strike as early as July 2, meaning if you receive bills, payment reminders or any other financial information in your mailbox, you may want to sign up for online billing before the end of June.
Most financial institutions allow customers to receive eBilling. Check with utilities providers for that same option so you can continue to keep track of your hydro, electricity and phone bills.
Save up to $600 on AC bills »
If you still depend on paper cheques for CPP or Employment Insurance pay outs, you may want to sign up for direct deposit with the Government of Canada. Take this measure and it will ensure you’re not left waiting for your benefits, should postal workers go on strike. Find more information here on how to sign up, if you haven’t already.
Also, parents eligible for the Liberal government’s Canada Child Benefit may want to go the direct deposit route. While it’s still unclear if the strike will happen or how long it may last, any disruption in service may postpone these benefit cheques, which are scheduled to be mailed out starting July 20…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,842.69, up 152.90 points):
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 65 cents, or 7.89 per cent, to $8.89 on 8.2 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 26 cents, or 3.86 per cent, to $6.48 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 4.97 per cent, to $1.90 on 7.3 million shares. Air Canada (TSX:AC) (up 12 cents, or 1.45 per cent, to $8.42 on 1.9 million shares) has finalized a previously announced order for at least 45 Bombardier CSeries passenger jets, worth US$3.8 billion at list price. Deliveries of the CS300 jets, the larger of the two CSeries models, will begin in late 2019 and extend to 2022.
Yamana Gold Inc. (TSX:YRI). Miner. Down 22 cents, or 3.31 per cent, to $6.42 on 7.3 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 58 cents, or 8.79 per cent, to $7.18 on 7.2 million shares.
Teck Resources Ltd…
Toronto Stock Exchange (13,842.69, up 152.90 points):
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 65 cents, or 7.89 per cent, to $8.89 on 8.2 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 26 cents, or 3.86 per cent, to $6.48 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up nine cents, or 4.97 per cent, to $1.90 on 7.3 million shares. Air Canada (TSX:AC) (up 12 cents, or 1.45 per cent, to $8.42 on 1.9 million shares) has finalized a previously announced order for at least 45 Bombardier CSeries passenger jets, worth US$3.8 billion at list price. Deliveries of the CS300 jets, the larger of the two CSeries models, will begin in late 2019 and extend to 2022.
Yamana Gold Inc. (TSX:YRI). Miner. Down 22 cents, or 3.31 per cent, to $6.42 on 7.3 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 58 cents, or 8.79 per cent, to $7.18 on 7.2 million shares.
Teck Resources Ltd…
This mortgage loophole puts us at risk
– moneysense.ca
If the Canadian housing market were to crash it would be catastrophic. At least, that’s the synopsis of the latest Moody’s Investors Service report.
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as much as $6 billion, but only if Canada were to experience a U.S.-style housing crisis where home values were to fall by as much as 35%.
Apparently, the report was a stress-test: a number-crunching exercise to reveal the worst-case scenario; situations that might occur, like a sharp increase in interest rates or massive job layoffs. But one Toronto mortgage broker is far less concerned about less than probable extreme market corrections.
The five-year fixed loophole
Based out of Toronto, Calum Ross works with high net worth clients as a dually licensed wealth advisor (with his MBA) and as an independent mortgage broker. Over the years, Ross has grown more and more concerned with mortgage qualification rules and how loopholes could contribute to over-leveraged homeowners and a potentially catastrophic future fall-out…
According to their analysis the six big banks would lose nearly $12 billion while CMHC and other mortgage insurers would be on the hook for as much as $6 billion, but only if Canada were to experience a U.S.-style housing crisis where home values were to fall by as much as 35%.
Apparently, the report was a stress-test: a number-crunching exercise to reveal the worst-case scenario; situations that might occur, like a sharp increase in interest rates or massive job layoffs. But one Toronto mortgage broker is far less concerned about less than probable extreme market corrections.
The five-year fixed loophole
Based out of Toronto, Calum Ross works with high net worth clients as a dually licensed wealth advisor (with his MBA) and as an independent mortgage broker. Over the years, Ross has grown more and more concerned with mortgage qualification rules and how loopholes could contribute to over-leveraged homeowners and a potentially catastrophic future fall-out…
Realtors should face fines up to $250K for misconduct, BC report recommends – CBC.ca
– news.google.ca
CBC.caRealtors should face fines up to $250K for misconduct, BC report recommendsCBC.caAn independent advisory group tasked with reviewing a series of damning revelations about unscrupulous activity in B.C.'s overheated housing market says real estate agents who break the rules should face fines of up to $250,000. In a report prepared …BC panel calls for fines of $250000 as part of overhaul of real estate industryThe Globe and Mail (subscription)BC real estate panel calls for hefty fines, end to aggressive marketingThe Daily Courier (subscription)all 15 news articles »
RESP investing for your teenager
– moneysense.ca
Q: My daughter is going off to university in 4 years. Half of her RESP is in a two-year GIC while 25% is in dividend ETFs and 25% is in a corporate bond ETF (a recent transaction).Did I make a boo-boo going with the corporate bond ETF?
—Karl
A: DIY investing is so much easier during the accumulation phase. When you actually need the money, it gets tricky.
RESPs are probably the hardest accounts to manage. At least with an RRSP, your withdrawals tend to be small relative to the whole account—sometimes barely dipping into capital.
RESPs are generally depleted within four years or less, so they get difficult to manage in the years approaching post-secondary education and during the years your child is attending school.
Ask a Planner: Leave your question for Jason Heath »
Bond ETFs are not without risk, Karl. They can fall when interest rates rise, but I don’t think the risk of rates rising is very high in the next few years. Corporate bond ETFs have the added risk of exposure to corporate credit risk…
