TSX getting you down? There are always sound investment alternatives.
Latest News
Robo-advisor or all-in-one ETF: which is best for new investors? + MORE Jun 24th
Before delving in here, just a reminder that I am a Certified Financial Planner who does not sell any financial products, so I have no horse in this race. This commentary is entirely objective.
In my opinion, the best thing about the evolution of the investment industry is a (slight) increa.... More »
Profit growth set to return for Canadian companies + MORE Oct 24th
The consensus forecast for third-quarter earnings is for year-over-year profit growth of nearly 5 per cent for S&P/TSX companies
.... More »
Richardson GMP stays the course despite numerous bids to buy firm + MORE Nov 11th
Canada’s largest independent broker will not be sold
.... 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 »
Making sense of the markets this week: February 11, 2024 + MORE Feb 9th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Disney is back on track
Even with all the iconic brands under its corporate umbrella, Disney has struggled the last few .... More »
Scotiabank reports higher Q3 earnings, sets aside less money for bad loans – CBC.ca
– news.google.ca
CBC.caScotiabank reports higher Q3 earnings, sets aside less money for bad loansCBC.caScotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from all of its domestic and international banking operations. The bank made $1.96 billion in the three months that ended July 31, up six …and more »
Retirement planning in a second marriage
– moneysense.ca
Q: My fiancé and I are both in our mid-50s and own a new home in Vancouver with no mortgage. We are planning for retirement. I have a defined government pension plan currently at $100,000 and an RRSP with a $150,000 market value.
My fiancé does not have a pension plan, but has $450,000 in an RRSP.
We both owned a home separately before and the net proceeds from the sale of both homes is $750,000.
Should I retire now or wait until I qualify for full pension in 2021 when my fiancé retires?
What is your investment strategy recommendation for the $750,000?
—Tina
A: It sounds like you and your fiancé are in a good position as a potential early retirement approaches, Tina. A red-hot Vancouver housing market has no doubt helped.
One thing I will question is the value of your government pension plan. Is it a $100,000 per year pension? That seems like a high pension for someone in their mid-50s to have earned, especially given that you have a decent RRSP next-egg so likely weren’t in the pension your whole career…
Scotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from its domestic and international banking operations.
Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall
– canadianbusiness.com
TORONTO – The Toronto stock market was a rare bright spot in morning trading today as American indexes, oil, gold and the loonie all lost ground.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader S&P 500 composite index declined 5.4 points to 2,174.98 and the Nasdaq composite lost 12.63 points to 5,219.70.
The Canadian dollar was at 76.42 cents US, down 0.37 of a cent from Monday’s close.
The October crude contract was down 51 cents at US$46.47 per barrel and October natural gas was down 1.4 cents at US$2.88 per mmBTU.
December gold dropped $5.50 to US$1,322.00 an ounce and December copper contracts fell nearly a cent to US$2.07 a pound.
Note to readers: This is a corrected story. A previous version had an incorrect figure for the Dow Jones industrial average.
The post Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index rose 52.47 points to 14,733.44.
The Dow Jones industrial average was down by 57.15 points to 18,445.84, the broader S&P 500 composite index declined 5.4 points to 2,174.98 and the Nasdaq composite lost 12.63 points to 5,219.70.
The Canadian dollar was at 76.42 cents US, down 0.37 of a cent from Monday’s close.
The October crude contract was down 51 cents at US$46.47 per barrel and October natural gas was down 1.4 cents at US$2.88 per mmBTU.
December gold dropped $5.50 to US$1,322.00 an ounce and December copper contracts fell nearly a cent to US$2.07 a pound.
Note to readers: This is a corrected story. A previous version had an incorrect figure for the Dow Jones industrial average.
The post Toronto stock market a rare bright spot as U.S. indexes, loonie, oil and gold fall appeared first on Canadian Business – Your Source For Business News.
At the open: TSX rises, supported by bank earnings, higher oil
– theglobeandmail.com
Wall Street starts little changed
