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This Investment Specialist Made the Leap From Finance to Farming Jul 28th
Many entrepreneurs will tell you that what they’re doing now is not what they initially set out to do. Making major professional changes—even mid- to late-career—can often lead to more fulfilling and successful outcomes. That’s what our series The Pivot is all about. Each month, we speak to .... More »
Buying pre-construction: What if your home is worth less than you paid? + MORE Jan 26th
Many Canadians bought pre-construction homes and condos at the height of the real estate market, as ultra-low interest rates fuelled a steady climb in Canadian real estate prices. Now some of those buyers are walking away from their purchases, unable to close on properties worth less than they paid .... More »
Caribbean islands begin preparations for Hurricane Irma - CTV News Sep 3rd
CTV NewsCaribbean islands begin preparations for Hurricane IrmaCTV NewsSAN JUAN, Puerto Rico -- Islands at the eastern end of the Caribbean Sea made preparations Sunday for approaching Hurricane Irma, a Category 3 storm that could threaten the area beginning Tuesday. Hurricane watches were posted fo.... More »
Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
Making sense of the markets this week: January 25, 2021 Jan 24th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The best post-election surge in modern presidential history
Stocks gained about 13% between U.S. election day and Jan,19, the day before Joe Biden’s inauguration—mar.... More »
Small space holiday decorating tips that are light on the wallet
– moneysense.ca
Want to keep this holiday season merry? Consider sticking to your budget.
But that doesn’t mean you need to be miserly and skip the holiday decorations. Instead, consider some small space holiday decorating tips that are light on the wallet, and make a plan for Christmas shopping.
Seneca College professor and certified financial planner Sam Albanese suggests keeping a list and checking it way more than twice when it comes to holiday purchases. One good way to avoid overspending is to avoid spontaneous purchases and consider keeping a separate “holiday” bank account, which gets depleted with each bill and purchase.
This doesn’t mean you can’t use a credit card, just make sure you have the money to pay it off—immediately. Albanese explains that a credit card debt of $2,000, with an interest rate of 19.9%, could easily take more than 20 years to fully repay if only the minimum payment is made each month.
For those celebrating in tiny spaces, here’s a few tips for small-space decorations (that are also light on the wallet):
But that doesn’t mean you need to be miserly and skip the holiday decorations. Instead, consider some small space holiday decorating tips that are light on the wallet, and make a plan for Christmas shopping.
Seneca College professor and certified financial planner Sam Albanese suggests keeping a list and checking it way more than twice when it comes to holiday purchases. One good way to avoid overspending is to avoid spontaneous purchases and consider keeping a separate “holiday” bank account, which gets depleted with each bill and purchase.
This doesn’t mean you can’t use a credit card, just make sure you have the money to pay it off—immediately. Albanese explains that a credit card debt of $2,000, with an interest rate of 19.9%, could easily take more than 20 years to fully repay if only the minimum payment is made each month.
For those celebrating in tiny spaces, here’s a few tips for small-space decorations (that are also light on the wallet):
brightcove…
US consumer spending and incomes show solids gains while yearly inflation posts big jump
– canadianbusiness.com
WASHINGTON – U.S. consumer spending rebounded in November after a weak showing in October, while a key inflation gauge posted the fastest year-over-year increase in 11 months.
Spending increased 0.3 per cent in November after an essentially flat reading in October and a 0.2 per cent gain in September, the Commerce Department said Wednesday. Personal income rose a solid 0.3 per cent in November, reflecting solid gains in wages and salaries, after a 0.4 per cent October increase.
Economists are predicting that further improvement in the job market will support consumer spending in coming months.
Paul Ashworth, chief U.S. economist at Capital Economics, said that the new economic data supported his view that the overall economy will expand at a moderate 2 per cent rate in the current October-December quarter, helped by solid growth in consumer spending.
“Even if investment ends up being a bit weaker than we were expecting, real consumption growth is on track for a 2.5 per cent annualized gain in the fourth quarter,” Ashworth said in a research note…
Spending increased 0.3 per cent in November after an essentially flat reading in October and a 0.2 per cent gain in September, the Commerce Department said Wednesday. Personal income rose a solid 0.3 per cent in November, reflecting solid gains in wages and salaries, after a 0.4 per cent October increase.
Economists are predicting that further improvement in the job market will support consumer spending in coming months.
Paul Ashworth, chief U.S. economist at Capital Economics, said that the new economic data supported his view that the overall economy will expand at a moderate 2 per cent rate in the current October-December quarter, helped by solid growth in consumer spending.
“Even if investment ends up being a bit weaker than we were expecting, real consumption growth is on track for a 2.5 per cent annualized gain in the fourth quarter,” Ashworth said in a research note…
Loonie surges, stock markets advance
– canadianbusiness.com
TORONTO – The Canadian dollar surged Wednesday morning as North American stock markets and the price of oil advanced.
The loonie was up 0.28 of a cent at 72.03 cents US as the Toronto Stock Exchange’s S&P/TSX index rose 92.19 points to 13,175.05.
The Dow Jones average of 30 stocks was up 111.84 points at 17,529.11, the broader S&P 500 index advanced 14.43 points to 2,053.40 and the Nasdaq gained 33.05 points to 5,034.16 at mid-morning.
On the commodity markets, the February gold contract fell $5.40 to US$1,068.70 an ounce, the February crude contract was up 92 cents at US$37.06 per barrel and the January contract for natural gas was unchanged at US$1.89.
The post Loonie surges, stock markets advance appeared first on Canadian Business – Your Source For Business News.
The loonie was up 0.28 of a cent at 72.03 cents US as the Toronto Stock Exchange’s S&P/TSX index rose 92.19 points to 13,175.05.
The Dow Jones average of 30 stocks was up 111.84 points at 17,529.11, the broader S&P 500 index advanced 14.43 points to 2,053.40 and the Nasdaq gained 33.05 points to 5,034.16 at mid-morning.
On the commodity markets, the February gold contract fell $5.40 to US$1,068.70 an ounce, the February crude contract was up 92 cents at US$37.06 per barrel and the January contract for natural gas was unchanged at US$1.89.
The post Loonie surges, stock markets advance appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Futures move sharply higher; oil climbs
– theglobeandmail.com
Jennifer Dowty, Chartered Financial Analyst, looks ahead to the market trading day
Orders for US durable goods nearly flat in November, as weak global economy hits manufacturing
– canadianbusiness.com
WASHINGTON – Factory orders for long-lasting goods such as autos, airplanes and electronics were flat in November, as the impact of a strong dollar and struggling global economy weigh on U.S. manufacturers.
Orders for durable goods were nearly unchanged in November after a 2.9 per cent increase in October, the Commerce Department said Wednesday. Demand for autos, electronic products and fabricated metals accelerated last month, but their gains were offset by declines in machinery and non-defence aircraft. Orders for capital goods not including aircraft — a key proxy for business investment — fell 0.4 per cent.
Durable goods orders have tumbled 3.7 per cent year-to-date. Slow economic growth among major U.S. trading partners — including Europe, China and Japan — has caused the dollar to rise in value, making U.S. goods more expensive overseas and less competitive. Lower oil prices have also squeezed demand for pipelines and equipment by energy companies.
“The manufacturing sector still looks fairly weak — weaker than non-manufacturing, reflecting more exposure to declining exports, a plunge in oil-related investment and an inventory cycle” where wholesalers are reducing their stockpiles, said Jim O’Sullivan, chief U…
Orders for durable goods were nearly unchanged in November after a 2.9 per cent increase in October, the Commerce Department said Wednesday. Demand for autos, electronic products and fabricated metals accelerated last month, but their gains were offset by declines in machinery and non-defence aircraft. Orders for capital goods not including aircraft — a key proxy for business investment — fell 0.4 per cent.
Durable goods orders have tumbled 3.7 per cent year-to-date. Slow economic growth among major U.S. trading partners — including Europe, China and Japan — has caused the dollar to rise in value, making U.S. goods more expensive overseas and less competitive. Lower oil prices have also squeezed demand for pipelines and equipment by energy companies.
“The manufacturing sector still looks fairly weak — weaker than non-manufacturing, reflecting more exposure to declining exports, a plunge in oil-related investment and an inventory cycle” where wholesalers are reducing their stockpiles, said Jim O’Sullivan, chief U…
