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A quick guide to how income distributions on ETFs and mutual funds work Apr 12th
Q. I’m wondering if the reinvested income in mutual funds and ETFs paid only to existing investors who hold the units at the time of the distribution. If I sold my holding just before the distribution, am I out of luck? Or would the income still accrue to me, since I held the shares when that inco.... More »
S&P 500 hits record high, equals longest bull-run + MORE Aug 21st
The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute..... More »
After delays, House GOP moves forward to help Puerto Rico May 19th
WASHINGTON – After weeks of delays, House Republicans are moving forward with legislation to help Puerto Rico manage $70 billion in debt.
A revised bill introduced late Wednesday would create a control board to help manage the U.S. territory’s financial obligations and oversee some debt .... More »
RESP advice for Canadian citizens living in the U.S. Jun 16th
Q. I opened a RESP account while I was living in Canada, as a Canadian citizen. A few years back, we moved to the U.S., where my kids are going to college and university. I still have an active RESP account and make regular monthly contributions.
We file our tax returns in the U.S. only, since we de.... More »
Stop calling Canada's latest big idea a sovereign wealth fund | About That - CBC + MORE May 1st
Stop calling Canada's latest big idea a sovereign wealth fund | About That CBCOpinion: Should debt-ridden Canada really be borrowing $25-billion to invest more? The Globe and MailPrime Minister Carney announces the Canada Strong Fund – Canada’s first sovereign wealth fund&n.... More »
Why Trudeau is wrong on Old Age Security
– macleans.ca
(Justin Tang, CP)Michael Bloomberg welcomed Justin Trudeau to his corporate home in New York this week with a love letter of such intensity that even Stephen Harper would blush. Bloomberg wrote a column for his global financial media behemoth that called Canada’s prime minister “energetic and pragmatic” and compared Trudeau to John F. Kennedy. “The value of the Canadian dollar and the price of oil, one of the nation’s top exports, have both tumbled to near record lows,” the billionaire and former three-term mayor of New York wrote ahead of Trudeau’s arrival for town-hall event on live television. “But those details—and the apparent demise of the Keystone XL pipeline—don’t begin to tell the story of what lies ahead for the economy of Canada, America’s second-largest trading partner.”
Canada’s main stock market increased about 1% between the time of Trudeau’s visit to the Bloomberg LP headquarters and the early trading hours of March 18. That’s probably because the U…
The TSX was higher on Monday, while the Canadian dollar sank in quiet trading ahead of the federal budget.
Mobster U: Even the Mafia benefits from more school
– theglobeandmail.com
A paper on Italian American organized crime shows that mobsters with more education enjoy significantly higher earnings
Buffalo no longer just shuffling along
– theglobeandmail.com
After decades of ‘woe is us’ in the Western New York city, there’s a new spirit of optimism. Billions of dollars of investment are revitalizing the core by generating jobs, creating coveted office space and bringing people to live downtown
Andy Grove, the former Intel Corp. chief executive whose youth under Nazi occupation and escape from the Iron Curtain inspired an “only the paranoid survive” management philosophy that saved the chip maker from financial ruin in the 1980s, died on Monday.
