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Thai economy feels sting from political uncertainty Aug 6th
BANGKOK – Thailand’s stagnating economy is unlikely to get much of a boost from a referendum Sunday on a new constitution proposed by the military government, which took power in a 2014 coup. A “yes” vote could, however, tamp down some of the uncertainty that has plagued the .... More »
Average Canadian house price up 38% compared to last year, but down from March - CBC.ca Jun 15th
Average Canadian house price up 38% compared to last year, but down from March CBC.caCanadian real estate: CREA says sales fell in 80% of markets in May Yahoo Canada FinanceCanadian home sales fall 7.4% in May, average selling price also inches down from month before: CREA .... More »
Moving money from RRSPs, RRIFs and TFSAs in retirement Jan 13th
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My husband and I are retired with $200,000 in our TFSAs, $230,000 in our RRSPs and RRIFs, and we have an emergency fund. Our household income is $85,000 a year.
My husband may need nursing home care at some point, so I have been moving assets from the RRSPs to our TFSAs for flexibi.... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Jun 19th
The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers.
The latest monthly affordability report from Ra.... More »
The best GIC rates in Canada for 2025 May 12th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Toronto Real Estate Board case to go back before tribunal
– theglobeandmail.com
Federal Court of Appeal ruling could have implications on housing websites across the country
Homes overvalued by 10% in Canada, TD says
– moneysense.ca
TORONTO – TD Bank is estimating Canadian home prices are about 10 per cent overvalued given the expectations for rising interest rates.
The bank says a combination of softer demand and rising supply of homes for sale will likely pull some steam out of home prices.
While 2014 is likely to see stable prices on average, the bank estimated prices are expected to edge down by two per cent per cent in 2015-16.
It says markets like Toronto, Vancouver, Montreal and Ottawa are likely more overvalued than markets in the Prairie and Atlantic regions and will likely see more of an impact.
The Canadian housing market and worries about a real estate bubble have been key concerns for policy-makers for several years.
Recent indicators have suggested the market may be headed for a soft landing instead of a bubble bursting, but concerns have persisted.
The post Homes overvalued by 10% in Canada, TD says appeared first on MoneySense.
The bank says a combination of softer demand and rising supply of homes for sale will likely pull some steam out of home prices.
While 2014 is likely to see stable prices on average, the bank estimated prices are expected to edge down by two per cent per cent in 2015-16.
It says markets like Toronto, Vancouver, Montreal and Ottawa are likely more overvalued than markets in the Prairie and Atlantic regions and will likely see more of an impact.
The Canadian housing market and worries about a real estate bubble have been key concerns for policy-makers for several years.
Recent indicators have suggested the market may be headed for a soft landing instead of a bubble bursting, but concerns have persisted.
The post Homes overvalued by 10% in Canada, TD says appeared first on MoneySense.
Suncor hikes quarterly dividend again, posts slight dip in operating earnings
– canadianbusiness.com
CALGARY – Suncor Energy Inc. (TSX:SU) has hiked its dividend by 15 per cent to 23 cents per share — nine months after a 54-per-cent bump its quarterly payout.
Its board of directors has also approved additional share buybacks of up to $1 billion, subject to regulatory approval.
Canada’s largest energy company made the announcement as it reported quarterly operating earnings that were slightly lower year-over-year, but missed analyst estimates.
Suncor’s operating earnings during the last three months of 2013 were $973 million, down from $988 million during the same 2012 period.
The operating earnings of 66 cents per share missed the 78 cents per share analysts surveyed by Thomson Reuters had been expecting.
Net earnings, which account for one-time items, were $443 million, or 30 cents per share, compared to a loss of $574 million, or 38 cents per share, during the fourth quarter of 2012, when Suncor booked a $1.49-billion charge on its scrapped Voyageur oilsands upgrader…
Its board of directors has also approved additional share buybacks of up to $1 billion, subject to regulatory approval.
Canada’s largest energy company made the announcement as it reported quarterly operating earnings that were slightly lower year-over-year, but missed analyst estimates.
Suncor’s operating earnings during the last three months of 2013 were $973 million, down from $988 million during the same 2012 period.
The operating earnings of 66 cents per share missed the 78 cents per share analysts surveyed by Thomson Reuters had been expecting.
Net earnings, which account for one-time items, were $443 million, or 30 cents per share, compared to a loss of $574 million, or 38 cents per share, during the fourth quarter of 2012, when Suncor booked a $1.49-billion charge on its scrapped Voyageur oilsands upgrader…
The Canada Job Grant involves employers, too
– macleans.ca
Jason Kenney’s job grant shifts financial burden to the private sector
A plan to build a $1-billion cement plant in the Gaspé peninsula that would be owned by Bombardier’s investment arm is coming under fire from critics, who say the Quebec government should not be underwriting the private-sector project.
