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Fixed income needs a fix + MORE Jul 28th
The recent Ant-Man movie featured a shrinking hero. Unfortunately, interest rates have also been shrinking and are now at historically low levels.
That’s why it’s high time to take a second look at the iShares Canadian Universe Bond Index ETF, which forms the core part of many fixed inc.... More »
How to Workish from home like a pro + MORE Jul 26th
From boosting employee engagement to the freedom of telecommuting to saving costs on Splenda for the break room, companies other than IBM are embracing the notion of performing jobs from far-off distances like the J.J. Bean on Davie.
But working from home can be like visiting Toronto’s la.... More »
Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st
Housing affordability—while still extremely expensive in many of Canada’s major real estate markets—was all over the map in 2024, as central bank interest rate cuts reduced mortgage rates, and a lack of demand in the first half of the year kept a lid on buyer competition.
According to the y.... More »
GMP should settle on the future of its wealth manager + MORE May 6th
Richardson GMP doesn’t make much, but might still fetch a decent sale price
.... More »
How your tax bracket decides whether a TFSA or RRSP contribution is best + MORE Feb 25th
I was a bit surprised to learn recently that TFSAs had just ‘turned ten’. It seems like just yesterday that I was answering questions from the media about how these newfangled government-sponsored programs might change the landscape for investing in general and retirement planning in particul.... More »
MagIndustries looks into corruption of foreign officials allegations
– canadianbusiness.com
TORONTO – MagIndustries Corp. (TSX:MAA) says its board has formed a special committee to review of allegations of a breach of the Corruption of Foreign Public Officials Act by officers and employees of the company.
Toronto-based MagIndustries said in the brief statement Friday that the committee was formed as the result of a visit to the company’s head office Jan. 22 by RCMP officers armed with a search warrant.
“No charges have been laid in connection with this investigation and MagIndustries has no knowledge of any such breach and will be co-operating fully with the authorities in connection with their investigation,” the company said.
The officers and employees concerned were not identified.
MagIndustries, whose controlling shareholder is Evergreen Resources Holdings Ltd. based in the British Virgin Islands, is focused on the development of potash assets in the Republic of Congo.
The post MagIndustries looks into corruption of foreign officials allegations appeared first on Canadian Business.
Toronto-based MagIndustries said in the brief statement Friday that the committee was formed as the result of a visit to the company’s head office Jan. 22 by RCMP officers armed with a search warrant.
“No charges have been laid in connection with this investigation and MagIndustries has no knowledge of any such breach and will be co-operating fully with the authorities in connection with their investigation,” the company said.
The officers and employees concerned were not identified.
MagIndustries, whose controlling shareholder is Evergreen Resources Holdings Ltd. based in the British Virgin Islands, is focused on the development of potash assets in the Republic of Congo.
The post MagIndustries looks into corruption of foreign officials allegations appeared first on Canadian Business.
Two approaches to downsizing
– moneysense.ca
(Getty Images/ mstay)Once you hit the decumulation years, a common option new retirees consider is downsizing from a large urban home. Friends of ours on our street are about to put their home up for sale in order to move to a small town an hour away. The difference in the home values will constitute a major nest egg to supplement meagre government pensions and part-time work.
Wednesday’s Financial Post has two articles on this theme. In the RRSP Special Report (I also contributed an article on a different topic), Garry Marr describes the strategy of finding lower-priced homes in small towns. The small-town appeal is a huge factor for retirees because it can allow them to sell their house in a large city and extract the equity, which they can then live off for their remaining years.
Top reasons to rent during retirement
In the same report, financial planner Ted Rechtshaffen describes the alternative option of selling your home but instead of purchasing a smaller one or moving to a small town, choosing instead to rent…
TSX rises as oil and gold shares rally – Reuters Canada
– news.google.ca
TSX rises as oil and gold shares rallyReuters CanadaTORONTO (Reuters) – Canada's main stock index edged higher on Friday as a jump in oil and bullion prices pushed up gold-mining and energy shares, overcoming a decline in financial stocks following sluggish U.S. economic data. U.S. economic growth …Most actively traded companies on the TSXmysask.comCANADA STOCKS-TSX rises as oil and gold shares rallyReutersTSX Gains 36 Points as Late-Day Rally Pushes Oil Stocks Higher, Financials …Nasdaqall 26 news articles »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Uber says review it commissioned shows data safe, private for people using it to book rides
– canadianbusiness.com
SAN FRANCISCO – Uber Technologies says that if you catch a ride with one of its drivers, your personal and financial data are safe — from Uber itself.
The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its privacy and personal data policies.
While popular with users and investors, the company has faced criticism that its employees inappropriately accessed customer data. That is just one problem that Uber is trying to overcome — another is that it does not properly screen drivers that connect with passengers through its app to ensure they have clean criminal records.
In the blog post, Uber said attorneys from the law firm Hogan Lovells spent six weeks reviewing documentation and interviewing executives and concluded that, “overall our privacy program is strong.”
“While Uber is encouraged by these findings, we fully acknowledge that we haven’t always gotten it right,” according to the blog post…
The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its privacy and personal data policies.
While popular with users and investors, the company has faced criticism that its employees inappropriately accessed customer data. That is just one problem that Uber is trying to overcome — another is that it does not properly screen drivers that connect with passengers through its app to ensure they have clean criminal records.
In the blog post, Uber said attorneys from the law firm Hogan Lovells spent six weeks reviewing documentation and interviewing executives and concluded that, “overall our privacy program is strong.”
“While Uber is encouraged by these findings, we fully acknowledge that we haven’t always gotten it right,” according to the blog post…
