Realtors should face fines up to $250K for misconduct, BC report recommends – CBC.ca + MORE Jun 28th

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…

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…

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…

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 »

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…