All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Complacency, competition, and Canada’s productivity crisis + MORE Oct 10th
A senior official at the Bank of Canada is calling for more competition in the banking sector to better serve Canadians and the economy. Senior deputy governor Carolyn Rogers laid out her case for a more competitive Canada in a speech at the Canadian Club in Toronto on Thursday morning. Rogers sound.... More »
Managing tax in a “tenancy in common” situation Nov 25th
Q. I am a co-owner of a cottage in Ontario. The other co-owner would like to buy out my 50% share of the cottage as tenant in common. Do I have to claim capital gains if the cottage isn’t being sold?
–Claudia
A. Real estate is commonly owned as joint tenants, with rights of survivorship by spous.... More »
How to read your investment statements Oct 16th
Failing to read your investment statements that arrive each month creates unnecessary risk and missed opportunities to catch errors, track progress, and stay aligned with your financial goals. Learning how to read your investment statement takes only a few minutes each month and provides important o.... More »
No house? No worries: How to tip the financial scales in your favour if you can’t afford to buy a home Jun 12th
How can you generate wealth without owning four walls and a roof? We asked the experts..... More »
Sony invests £767million in Epic Games to help build the metaverse - NME Apr 12th
Sony invests £767million in Epic Games to help build the metaverse NMESony Goes Big On Epic Games With Whopping $1 Billion Investment KotakuSony And LEGO's Parent Company Are Investing Billions Of Dollars in Epic Games - IGN IGNSony just threw $1 billion at Epic Gam.... More »
Canada posts 1.7% annual growth in fourth quarter of 2017 to finish year at 3%
– canadianbusiness.com
OTTAWA _ The Canadian economy expanded at an annual pace of 1.7 per cent in the final months of 2017 as the more rapid growth seen earlier in the year faded further away, Statistics Canada reported Friday.
The agency’s latest numbers for real gross domestic product showed the economy grew three per cent for all of 2017 _ a much-stronger pace compared with 2016 when growth was 1.4 per cent.
Growth in the fourth quarter was driven by a 2.3 per cent increase in business investment compared with the third quarter, and a 0.5 per cent quarter-over-quarter rise in household spending, the report said.
Overall, the fourth-quarter came in higher than the third quarter, which was revised down to an annualized rate of 1.5 per cent from 1.7 per cent.
Even with the slowdown, National Bank of Canada senior economist Krishen Rangasamy described the end of 2017 as a decent hand off to 2018.
“With growth like this, you can expect a sharp moderation, which is what we had in the second half of the year,” said Rangasamy, who’s predicting 2…
The agency’s latest numbers for real gross domestic product showed the economy grew three per cent for all of 2017 _ a much-stronger pace compared with 2016 when growth was 1.4 per cent.
Growth in the fourth quarter was driven by a 2.3 per cent increase in business investment compared with the third quarter, and a 0.5 per cent quarter-over-quarter rise in household spending, the report said.
Overall, the fourth-quarter came in higher than the third quarter, which was revised down to an annualized rate of 1.5 per cent from 1.7 per cent.
Even with the slowdown, National Bank of Canada senior economist Krishen Rangasamy described the end of 2017 as a decent hand off to 2018.
“With growth like this, you can expect a sharp moderation, which is what we had in the second half of the year,” said Rangasamy, who’s predicting 2…
TSX and Dow pare back earlier losses as Trump defends steel tariffs
– canadianbusiness.com
TORONTO _ Canada’s main stock index closed lower, but off its lows for the day, after U.S. President Donald Trump defended his promise to impose stiff tariffs on imports of steel and aluminum.
A global sell-off in stocks came back around to North America in morning trading after the president doubled down against growing backlash, saying “trade wars are good.”
The S&P/TSX composite index finished down 9.36 points to 15,384.59, led by losses in the base metals and energy sectors.
In New York, the Dow Jones industrial average was down 70.92 points to 24,538.06. The S&P 500 index was up 13.58 points to 2,691.25 and the Nasdaq composite index was up 77.31 points to 7,257.87.
The Canadian dollar was trading at 77.57 cents US, down 0.24 of a U.S. cent.
The April crude contract was up 26 cents to US$61.25 per barrel and the April natural gas contract was unchanged at US$2.70 per mmBTU.
The April gold contract was up US$18.20 to US$1,323.40 an ounce and the May copper contract was unchanged to US$3…
A global sell-off in stocks came back around to North America in morning trading after the president doubled down against growing backlash, saying “trade wars are good.”
The S&P/TSX composite index finished down 9.36 points to 15,384.59, led by losses in the base metals and energy sectors.
In New York, the Dow Jones industrial average was down 70.92 points to 24,538.06. The S&P 500 index was up 13.58 points to 2,691.25 and the Nasdaq composite index was up 77.31 points to 7,257.87.
The Canadian dollar was trading at 77.57 cents US, down 0.24 of a U.S. cent.
The April crude contract was up 26 cents to US$61.25 per barrel and the April natural gas contract was unchanged at US$2.70 per mmBTU.
The April gold contract was up US$18.20 to US$1,323.40 an ounce and the May copper contract was unchanged to US$3…
Toronto StarTheresa May tells UK it must face 'hard facts' about BrexitToronto StarBritish prime minister says she thinks a mutually beneficial “economic partnership” with EU nations is possible. Other EU members might interpret British Prime Minister Theresa May's goal of "economic partnership" as attempting to cherry-pick benefits …Britain asks EU to show flexibility in talks on post-Brexit tradeThe Globe and MailTheresa May: 'Life is going to be different' after BrexitWashington PostA year to go before Brexit, US investment banks still bet on LondonReutersBBC News -The Guardian -Voice of America -Financial Timesall 737 news articles »
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere. These were my posts from the last week! Should you invest in…
My Own Advisor is on his way to owning a million dollar portfolio. The article Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff Welcome to my latest Weekend Reading edition – where I share some of my favourite articles from the week that was across the personal finance and investing blogosphere. These were my posts from the last week! Should you invest in…
My Own Advisor is on his way to owning a million dollar portfolio. The article Weekend Reading – More dividend raises, cannabis stocks and ETFs, robo advisors and more #moneystuff is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Saving For Your IRA
– investitwisely.com
Saving for retirement is a must do for any person that wants to be comfortable in their golden years. There is no excuse for not starting early. Even if you are just putting away 50 bucks a month after you are in your first job out of school, that money will grow by leaps and bounds as long as you do not touch it.You can find a way to get a 401K, a traditional IRA or a Roth IRA. Just make sure that you are putting away money. That’s the only way to insure that your nest egg is going to grow. With a traditional IRA, you can let your investment grow while you postpone your tax hit. Contributions to that type of individual retirement account are able to be deducted from your income tax. You only end up paying taxes on the backend, when you take withdrawals from the account.
Also, there is no maximum income limit with a traditional IRA. No matter how much money you make you can invest in a traditional IRA. But it is best for younger people to be able to use this type of account. If you are 70 and a half or older, you cannot make contributions to a regular IRA…
