Understanding Bitcoin and the frenzy behind the digital currency + MORE Dec 8th

The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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How to use equity to buy a second home + MORE Dec 6th

Whether it’s for a cottage, a vacation home or a rental property, using your home’s equity can be an excellent way to buy that second home you’ve been dreaming of.  “Potential buyers may not have the cash they require to pay for an asset like a second home in part or in full,” says.... More »

Fitch Downgrades Evergrande and Subsidiaries, Hengda and Tianji, to 'CC' - Fitch Ratings Sep 8th

Fitch Downgrades Evergrande and Subsidiaries, Hengda and Tianji, to 'CC'  Fitch RatingsFitch Follows Moody's in Cutting China Evergrande  Bloomberg Markets and FinanceEvergrande’s troubles shake China’s property bond market  Financial TimesEvergrande Slumps Below 20.... More »

Managing tax in a “tenancy in common” situation Nov 25th

Q. I am a co-owner of a cottage in Ontario. The other co-owner would like to buy out my 50% share of the cottage as tenant in common. Do I have to claim capital gains if the cottage isn’t being sold? –Claudia A. Real estate is commonly owned as joint tenants, with rights of survivorship by spous.... More »
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Oil dips after US stock build, but demand hopes support - CNBC + MORE Dec 18th

Oil dips after US stock build, but demand hopes support  CNBCOil Prices Fall As API Reports A Surprise Crude Build  OilPrice.comOil rises further above $65 on trade hopes, supply cuts  The Globe and MailOil rises to 3-month highs on U.S.-China trade hopes, supply cuts&n.... More »

Stock markets fall into bear market territory after Mnuchin and Trump stoke worries + MORE Dec 24th

Stock markets sold off on Monday after U.S. Treasury Secretary Steven Mnuchin called the heads of six major U.S. banks Sunday in an apparent attempt to reassure jittery financial markets — but ended up only stoking investor fears..... More »
The danger of expecting too much from the marketWhen it comes time to harvest what you’ve invested, make sure your plans were reasonable or you’ll be disappointed.
What sort of return are you expecting in 2018 and beyond? In the summer, the Financial Planning Standards Council (FPSC) and Institut Quebecois de Planification Financiere (IQPF) released an update on their projection assumption guidelines. 
While these numbers do not tend to jump around a lot, they present a great opportunity to discuss the discrepancies between what the main Canadian planning organizations are recommending, what you might thinking and what some expert practitioners are actually recommending.  The differences are stark.
Most people I talk to who do retirement planning projections use numbers that are markedly higher than what is being recommended.  Given that it is nearly impossible to reliably determine which numbers most people are using, I’ll begin with a disclaimer that what follows are reasonable guesses based on various conversations with the people who actually do projections for their clients…

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CALGARY _ Construction company Aecon Group Inc. says it has received two regulatory permissions needed for it to be sold to a Chinese state-owned company for $1.5 billion.
The deal with CCCC International Holding Ltd., however, still faces a review under the Investment Canada Act.
Aecon (TSX: ARE) says it has received a “no action” letter granting approval under the Canadian Competition Act and it has been advised by the buyer that it has approval from the National Development and Reform Commission, a Chinese economic planning regulator.
It says both approvals were required for closing of the deal announced in October.
Shareholders in the 140-year-old firm, which has worked on Canadian landmarks including the CN Tower, Vancouver’s SkyTrain and the Halifax Shipyard, are to vote on the sale in Toronto on Dec. 19.
 
The post Aecon Group wins two regulator approvals for $1.5 billion sale to Chinese buyer appeared first on Canadian Business – Your Source For Business News.

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CALGARY _ The bitcoin frenzy shows no sign of letting up, with the price of the digital currency topping US$17,000 Friday and bitcoin futures set to start trading on Sunday. Here’s a look at what bitcoin is and why there’s so much excitement around it.
So what is bitcoin?
It’s a fairly new type of currency, not controlled by any government or centrally processed by any bank or company. You can use it to buy things, though don’t expect your corner store to necessarily take it, and increasingly it’s used as an investment.
You could think of it as a sort of gold for the digital era. Like gold, no one centrally controls production, supply is limited in part by the effort required to produce it, and you can hold on to it as a store of value. But because it’s digital it can be sent anywhere easily, and each bitcoin can be divided up into fractions much easier than trying to cut up a gold bar, making it potentially much easier to use for actual transactions and to act like a currency…

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Preventing administration charges is a lot easier than trying to negotiate them away after the fact

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TORONTO _ The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodman Interlink _ which is co-owned by CPPIB.
Jimmy Phua, CPPIB’s head of real estate investments in Asia, said in a statement Thursday the pension fund manager wants to increase its exposure to the growing logistics sector.
He added that e-commerce will drive growth in the logistics sector “and Hong Kong is in a prime geographic position to benefit as more players enter the market.”
CPPIB invests funds for the Canada Pension Plan. As of Sept. 30, the CPP Fund had $328.2 billion under management.
 
The post CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership appeared first on Canadian Business – Your Source For Business News.

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