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Stock market news live updates: Stocks wrap up strong January as Fed decision looms - Yahoo Canada Finance Jan 31st
Stock market news live updates: Stocks wrap up strong January as Fed decision looms Yahoo Canada FinanceU.S. stocks stay up as January struts to finish line BNN BloombergStocks open higher as earnings, Fed come into focus CNBC TelevisionThe close: Stocks rise after e.... More »
Turkish markets hit by Moody’s rating downgrade + MORE Sep 26th
LONDON – Turkey’s stock markets and currency have fallen sharply after the country’s credit rating was downgraded into junk status by Moody’s.
The Istanbul 100 stock index is down 3.9 per cent at 76,610 points Monday while the Turkish lira has also taken a hit. The dollar is .... More »
Podcast 5: Master Class with the Millionaire Teacher + MORE Feb 8th
My newest podcast features an interview with Andrew Hallam, author of Millionaire Teacher, a compelling introduction to building wealth through smart saving and disciplined investing.
Andrew grew up in Canada, but he’s a citizen of the world. He spent several years as a teacher at the Singapore A.... More »
3.5 year - 2.30% + MORE Feb 18th
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online..... More »
House rich: How to access the equity in your home + MORE Nov 16th
With the national average home price up a record 18.5% in August 2020 compared to the same time last year, more Canadians than ever have a significant portion of their wealth tied up in their homes.
Who are these “house rich” homeowners? They range widely—from retirees on a fixed income, to ba.... More »
The world of giant money managers and the advance of passive index ETF investing
– http://canadianfinancialdiy.blogspot.ca
The Royal Bank may be the biggest company by market cap in Canada but Manulife is a far bigger money manager according to the 2012 P&I / Towers Watson World 500 list. (Access to most stuff on the Pension & Investments website requires free registration) The year-end 2011 data published last October puts Manulife in 34th spot worldwide with $490 billion vs only #53 Royal’s mere $308 billion. Others insurers Sun Life (#37, $456 billion) and Great West (#48, $357 billion) also come ahead of the Royal.The slide deck also highlights other interesting facts:Canada has progressed strongly since 2001 and now looks to be about 6th largest in assets managed by countryManulife and Great West have been among the fastest growing asset managerspassive managers have been picking up share, growing faster than the overall average for years, as shown by the chart below, led by #1 behemoth Blackrock, #3 State Street and #4 Vanguard the shift to passive index investing is also remarked in this September 16th article based on 2013 6-months data; both Blackrock and State Street folk note the surge in their index funds amongst the overall market 18…Continue Reading On http://canadianfinancialdiy.blogspot.ca »
The 2008 Financial Crisis – why Canada Got Off Lightly
– http://canadianfinancialdiy.blogspot.ca
For those who like their explanations brief, this quote from Gordon Nixon, Royal Bank CEO: “But in my judgment the single most relevant and most important differentiator for Canada was the structure of our residential mortgage market.” i.e. no toxic assets (from the Globe and Mail’s excellent oral history of the financial crisis)
Continue Reading On http://canadianfinancialdiy.blogspot.ca »
UBS Tried To Sell Canadian Wealth Management Business – Sources
– blogs.wsj.com
UBS AG tried unsuccessfully to sell its Canadian wealth-management business earlier this year, according to people familiar with the matter, in another sign of the Switzerland-based bank’s retrenchment from Canada.
Argentine commerce secretary charged with abusing power; fined economists for inflation data
– canadianbusiness.com
BUENOS AIRES, Argentina – Argentine Commerce Secretary Guillermo Moreno has been formally charged with abusing his power by trying to fine economists who publish independent inflation data.
This turns the tables on Moreno, who last week filed charges against several private economists for “speculation” and trying to enrich their clients by releasing such false information. Judge Claudio Bonadio also placed a 50,000-peso ($8,735) lien on the minister’s assets, pending trial, and filed similar charges against two lower-ranking commerce ministry officials.
The judge said Moreno’s efforts to fine economists 500,000 pesos (roughly $87,700 at today’s official rate) was “nothing other than an effort to silence” experts who were releasing “public information” in the form of technical data that challenges the government’s official inflation rate of around 10 per cent.
The case against Moreno was initially filed by Jorge Todesca, a former minister who heads an economic consulting firm that has frequently reported inflation at 20 per cent or higher…
This turns the tables on Moreno, who last week filed charges against several private economists for “speculation” and trying to enrich their clients by releasing such false information. Judge Claudio Bonadio also placed a 50,000-peso ($8,735) lien on the minister’s assets, pending trial, and filed similar charges against two lower-ranking commerce ministry officials.
The judge said Moreno’s efforts to fine economists 500,000 pesos (roughly $87,700 at today’s official rate) was “nothing other than an effort to silence” experts who were releasing “public information” in the form of technical data that challenges the government’s official inflation rate of around 10 per cent.
The case against Moreno was initially filed by Jorge Todesca, a former minister who heads an economic consulting firm that has frequently reported inflation at 20 per cent or higher…
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
