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Apple unveils new $430 billlion U.S. investment plan - CNBC Television + MORE Apr 26th
Apple unveils new $430 billlion U.S. investment plan CNBC TelevisionApple announces 1st East Coast campus in North Carolina CFJC Today KamloopsApple Boosts US Investment 20% Over Five Years to $430 Billion BNNApple to Invest $430 Billion in U.S. Over Five Years .... More »
Powell: If economy does as expected with think carefully cutting rates to begin this year - ForexLive + MORE Mar 7th
Powell: If economy does as expected with think carefully cutting rates to begin this year ForexLiveAt the open: North American stock markets start higher ahead of Powell's testimony The Globe and MailWatch Fed Chair Powell testify live before Senate Banking Committee .... More »
Is $779,000 overpriced for this old bungalow in Ajax? This real estate agent says it’s ‘madness’ Nov 19th
“Who is going to pay $779,000 for this little (house) in Ajax? I mean, it’s cute, but it’s $779,000 for two bedrooms and two bathrooms. That’s crazy,” said real estate agent Othneil Litchmore..... More »
Fewer banking fees, help for mortgage holders—here’s what new rules could mean for Canadians Oct 27th
On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced new affordability measures related to mortgages and banking, prepared in consultation with the Financial Consumer Agency of Canada (FCAC), a consumer watchdog organization that focuses on financial services..... More »
China and US sign deal that could avert mass stock delistings - CNN Aug 26th
China and US sign deal that could avert mass stock delistings CNNSEC Chair Gary Gensler breaks down the agreement with China over audit inspections CNBC TelevisionU.S. and China reach audit deal in boon for Chinese tech companies The Globe and MailUS-China Talks on D.... More »
Recovering from GIC sticker shock
– moneysense.ca
If you’re a retiree or near-retiree relying on GICs for your fixed-income investments, no doubt you’re facing GIC sticker shock as previously invested GICs are reaching maturity. If before you were getting 2% to 3% on 2-, 3-, 4- or 5-year GICs, you may be shocked to discover you’ll be lucky to get 1%—and only then if, instead of taking the GIC your brokerage suggests, you fight for a better offer. Committing to a 5-year term may gain you only 0.5% or so, depending on the provider.
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
Nor will matters improve any time soon. The Federal Reserve, Bank of Canada and other central banks have suggested interest rates will stay “lower for longer.” The Fed, in particular, has indicated rates are unlikely to rise for at least three years.
This is classic “financial repression” and unfair to seniors who saved all their lives and don’t wish to take on the full risks of stock investments at this time in their lives. Adrian Mastracci, portfolio manager for Vancouver-based Lycos Asset Management Inc…
