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Asia gains as China shares surge on stimulus hopes - Reuters Canada + MORE Jan 19th
NDTVAsia gains as China shares surge on stimulus hopesReuters CanadaTOKYO (Reuters) - Asian shares were mostly higher on Tuesday as Shanghai stocks surged after data pointing to slower Chinese economic growth fanned stimulus hopes. Spreadbetters expected Europe to follow Asia's lead and forecas.... More »
Prince Harry to speak at a Toronto real estate conference next month Nov 20th
The Duke of Sussex is slated to appear for an 'exclusive conversation' at the Ontario Real Estate Association's Power House Conference on Dec. 1..... More »
Canadian lifestyle retailer Roots files for IPO Sep 14th
The company said New York-based private equity firm Searchlight Capital Partners LP and founders Michael Budman and Don Green are selling their stake
.... More »
Buying China ETFs in Canada: Is it worth it? + MORE Dec 16th
U.S. stock market valuations are the fifth most expensive worldwide, currently trading at 23.79 times forward earnings, according to FinViz. That means investors are paying $23.79 for every dollar of projected earnings—a steep premium compared to historical averages. In contrast, Chinese equities .... More »
What is a market-linked GIC? Nov 27th
If you’ve been checking out GICs lately, it’s likely because of the record gains from recent interest rate hikes. Interest rates for guaranteed investment certificates have steadily increased as the Bank of Canada (BoC) has raised its benchmark rate over the past year and a half. At some financi.... More »
Ferguson mayor asks tech company Emerson for support as city’s reserves continue to dwindle
– canadianbusiness.com
FERGUSON, Mo. – The city of Ferguson has turned to a Fortune 500 company based in the St. Louis suburb in hopes of reversing its deteriorating financial situation.
Ferguson was in financial trouble even before the protests and looting touched off by the fatal shooting of Michael Brown, 18, by now-former police officer Darren Wilson last August. Its reserves were $25 million in 2013, a figure that’s expected to decline to $4.8 million by June 2016. The city also has run a multimillion-dollar deficit over the past two years.
Mayor James Knowles III and former city manager John Shaw met last week to seek a possible solution with officials from Emerson, an international manufacturing and technology company, the St. Louis Post-Dispatch (http://bit.ly/1VaOJMj ) reported. Knowles said no specific “ask or offer” was made during the meeting, and he declined to elaborate on specifics.
“We have a budget deficit we have to resolve, and that was one topic of conversation,” he said…
Ferguson was in financial trouble even before the protests and looting touched off by the fatal shooting of Michael Brown, 18, by now-former police officer Darren Wilson last August. Its reserves were $25 million in 2013, a figure that’s expected to decline to $4.8 million by June 2016. The city also has run a multimillion-dollar deficit over the past two years.
Mayor James Knowles III and former city manager John Shaw met last week to seek a possible solution with officials from Emerson, an international manufacturing and technology company, the St. Louis Post-Dispatch (http://bit.ly/1VaOJMj ) reported. Knowles said no specific “ask or offer” was made during the meeting, and he declined to elaborate on specifics.
“We have a budget deficit we have to resolve, and that was one topic of conversation,” he said…
Canadians invest conservatively
– moneysense.ca
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Canadians are playing it safe when it comes to investing.
Sun Life Global Investments’ Investor Sentiment Report finds investors are holding an average 25% of their portfolio—including both personal savings and employer-sponsored retirement plans—in cash.
The rest breaks down as follows:
Canadian stocks and stock mutual funds (34%);
Canadian bonds and bond mutual funds (13%);
foreign stocks, bonds and mutual funds (12%);
ETFs (5%); and
other (11%).
“To the extent that foreign exposure is indicative of an investor’s risk appetite (and often his or her understanding of the importance of diversification), the 12% average holdings of foreign stocks, bonds and mutual funds is noteworthy,” the survey states.
Getting the money out of your mattress »
Just 16% of investors plans to invest more in foreign assets over the next year. More than half (57%) say no and 26% either don’t know or aren’t sure…
BlackBerry Earnings: What to Watch
– blogs.wsj.com
BlackBerry reports its fiscal second-quarter results before markets open Friday. Here’s what to expect.
Yellen says she expects Fed to start raising rates from record lows by year’s end
– canadianbusiness.com
WASHINGTON – Chair Janet Yellen said Thursday that she expects the Federal Reserve to begin raising interest rates from record lows by the end of the year.
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 per cent as unusually low oil prices and other factors prove temporary. And she suggested that global economic weakness won’t likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Yellen’s comments may help clarify doubts about the Fed’s intentions that deepened last week after its latest policy meeting ended. The Fed chose not to raise rates, citing global economic pressures and concern about excessively low inflation.
That decision raised worries that the Fed had greater concerns about economic problems in China and falling stock markets than investors had previously thought.
In her speech Thursday, Yellen said Fed officials continue to monitor economic troubles abroad…
In a lecture at the University of Massachusetts at Amherst, Yellen said she thought inflation would gradually move up to the Fed’s target rate of 2 per cent as unusually low oil prices and other factors prove temporary. And she suggested that global economic weakness won’t likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
Yellen’s comments may help clarify doubts about the Fed’s intentions that deepened last week after its latest policy meeting ended. The Fed chose not to raise rates, citing global economic pressures and concern about excessively low inflation.
That decision raised worries that the Fed had greater concerns about economic problems in China and falling stock markets than investors had previously thought.
In her speech Thursday, Yellen said Fed officials continue to monitor economic troubles abroad…
The RioCan and Kimco real estate businesses are unwinding their Canadian partnership, which jointly owns 35 properties in six provinces.
