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Fact check: Trump tries to erase the memory of him downplaying the coronavirus - CNN Mar 17th
Fact check: Trump tries to erase the memory of him downplaying the coronavirus CNNTrump administration wants to send cheques to Americans now Aljazeera.comUS government to give citizens emergency financial aid The GuardianWhat drove Trump's newfound somber tone on co.... More »
12 top personal finance books to read this summer Jun 11th
For obvious reasons, a lot of personal finance and retirement books come my way and, from time to time, we’ve dedicated a particular edition of this column to a single book. This one looks at a dozen noteworthy books I’ve read lately, or plan to—most of them published in the last few years.
If.... More »
New investors who thought markets only skyrocket learn a useful lesson: Don Pittis Feb 12th
As more than one wise commentator has pointed out, the unusual thing about stock markets is not that they have zigged and zagged by a few per cent over the past two weeks. The strange thing was what came before..... More »
MoneySense at the MoneyShow: Investing in Real Estate in 2023 May 9th
Join MoneySense for the MoneyShow Canada Virtual Expo.
The last year has tested Canadian real estate investors with high-interest rates and inventory issues. To give you some insight into the markets—Canada-wide!—MoneySense teamed up with Zoocasa. They analyzed real estate data to reveal the.... More »
TSX down 329 points as oil slumps to new multiyear lows - CBC.ca + MORE Dec 8th
CBC.caTSX down 329 points as oil slumps to new multiyear lowsCBC.caThe Toronto Stock Exchange shed 329 points or two per cent of its value on Monday as oil prices continued their slide and a major U.S. investment bank said there is plenty more downside left. The TSX composite index had earlier trade.... More »
The Paradox of Financial Crises
– online.wsj.com
Aggressive government intervention will lead to a stronger financial system less dependent on the taxpayer.Small business owners still cautious about hiring but generally more optimistic, surveys find
– canadianbusiness.com
NEW YORK, N.Y. – Small business owners are keeping a cautious approach to running their companies even as they grow more optimistic.
Surveys released Tuesday by Wells Fargo & Co. and Bank of America Corp. found many owners still have conservative hiring plans and little appetite for loans.
Stronger revenue and cash flow are behind the optimism. In the Bank of America survey, 68 per cent of owners said they expect revenue to increase in the next 12 months.
Wells Fargo’s second-quarter Small Business Index is up to 47 from the first quarter’s 45, its highest level since before the 2008 financial meltdown.
Both surveys found owners willing to hire. But Robb Hilson, Bank of America’s head of small business banking, says owners aren’t likely to hire at the explosive pace of a decade ago.
The post Small business owners still cautious about hiring but generally more optimistic, surveys find appeared first on Canadian Business.
Surveys released Tuesday by Wells Fargo & Co. and Bank of America Corp. found many owners still have conservative hiring plans and little appetite for loans.
Stronger revenue and cash flow are behind the optimism. In the Bank of America survey, 68 per cent of owners said they expect revenue to increase in the next 12 months.
Wells Fargo’s second-quarter Small Business Index is up to 47 from the first quarter’s 45, its highest level since before the 2008 financial meltdown.
Both surveys found owners willing to hire. But Robb Hilson, Bank of America’s head of small business banking, says owners aren’t likely to hire at the explosive pace of a decade ago.
The post Small business owners still cautious about hiring but generally more optimistic, surveys find appeared first on Canadian Business.
Australian prime minister promises to share pain in his government’s first annual budget
– canadianbusiness.com
CANBERRA, Australia – Prime Minister Tony Abbott has promised to share the pain in his conservative government’s first annual budget aimed at reducing national debt.
His government’s financial blueprint for the next fiscal year beginning on July 1 to be revealed to Parliament on Tuesday also promises to be politically damaging after his coalition was elected in September on a pledge not to increase taxes.
Abbott confirmed on Sydney radio 2GB on Tuesday that a gasoline tax that was been frozen at 38.1 Australian cents (35.7 cents) per litre since 2001 will again increase with inflation.
But Abbott said the extra revenue raised will go toward extra spending on road building as part of an allocation of AU$11.5 billion for infrastructure.
“We’re all in this together, and what I don’t want … is for a pensioner (retiree) to be able to look me in the eye and say: ‘I’m bearing pain and you’re not,’ because it’s got to be fair,” Abbott said…
His government’s financial blueprint for the next fiscal year beginning on July 1 to be revealed to Parliament on Tuesday also promises to be politically damaging after his coalition was elected in September on a pledge not to increase taxes.
Abbott confirmed on Sydney radio 2GB on Tuesday that a gasoline tax that was been frozen at 38.1 Australian cents (35.7 cents) per litre since 2001 will again increase with inflation.
But Abbott said the extra revenue raised will go toward extra spending on road building as part of an allocation of AU$11.5 billion for infrastructure.
“We’re all in this together, and what I don’t want … is for a pensioner (retiree) to be able to look me in the eye and say: ‘I’m bearing pain and you’re not,’ because it’s got to be fair,” Abbott said…
Lew presses Beijing to let market set exchange rate, give foreign investors more access
– canadianbusiness.com
BEIJING, China – The U.S. treasury secretary pressed China on Tuesday to ease politically sensitive exchange rate controls and lower barriers to foreign investment.
Beijing in March widened the narrow band in which it allows its yuan to fluctuate against the U.S. dollar. But it retained controls that critics complain keep the yuan undervalued and give its exporters an unfair price advantage.
“It’s important that China demonstrates a renewed commitment to move towards a more market determined exchange rate,” Treasury Secretary Jacob Lew said in a meeting with a deputy Chinese premier, Wang Yang.
Washington wants a more “open, balanced” trade and investment relationship, Lew said. That would include opening China’s markets wider to foreign investment and ensuring equal treatment for all companies, he said.
Lew was due to meet later with China’s top economic official, Premier Li Keqiang.
Communist leaders have promised to give entrepreneurs and market forces a bigger role in China’s state-dominated economy in hopes of making it more efficient and productive…
Beijing in March widened the narrow band in which it allows its yuan to fluctuate against the U.S. dollar. But it retained controls that critics complain keep the yuan undervalued and give its exporters an unfair price advantage.
“It’s important that China demonstrates a renewed commitment to move towards a more market determined exchange rate,” Treasury Secretary Jacob Lew said in a meeting with a deputy Chinese premier, Wang Yang.
Washington wants a more “open, balanced” trade and investment relationship, Lew said. That would include opening China’s markets wider to foreign investment and ensuring equal treatment for all companies, he said.
Lew was due to meet later with China’s top economic official, Premier Li Keqiang.
Communist leaders have promised to give entrepreneurs and market forces a bigger role in China’s state-dominated economy in hopes of making it more efficient and productive…
