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Latest News
Micro-credentials in Canada: Is it worth it to upskill? Aug 27th
If you make a habit of checking LinkedIn, you’ve surely seen it: the announcement from a former colleague that they’re proud to have earned credential X from institution Y. Maybe you give them a thumbs-up or clapping hands; maybe you scroll on by. But have you ever thought about the value of the.... More »
The close: TSX ends lower with mining, technology stock falls + MORE Nov 29th
Nasdaq falls with tech stocks; S&P ends flat
.... More »
Fewer banking fees, help for mortgage holders—here’s what new rules could mean for Canadians Oct 27th
On October 17, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced new affordability measures related to mortgages and banking, prepared in consultation with the Financial Consumer Agency of Canada (FCAC), a consumer watchdog organization that focuses on financial services..... More »
OAS payment dates in 2025, and more to know about Old Age Security + MORE Jan 6th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Why you didn’t even get a nibble of Beyond Meat’s sizzling IPO May 13th
To get first crack at an initial public offering, you need to be a wealthy investor working with a leading broker at one of the underwriting firms, writes Gordon Pape..... More »
Bangladesh Bank heist shows weak spots in finance safeguards
– canadianbusiness.com
MANILA, Philippines – The laundering through the Philippines of $81 million stolen by hackers from a U.S. Federal Reserve account is adding to pressures on the Southeast Asian country to fix loopholes in its financial regime.
It also highlights a potential pitfall in global anti-money laundering efforts, which in the case of the Philippines has focused more on vanquishing terrorist financing than on preventing misuse of the financial system by banks and casinos.
The disclosure of the theft from an account of the Bangladesh central bank at the New York Fed, has given such issues fresh traction, with a front-runner for the May presidential election, Senator Grace Poe calling for a change to the Philippines’ stringent bank secrecy law.
“The trend now in the world is having bank disclosures, not bank secrecy,” Poe told reporters earlier this week. “This is to prevent also the funneling of money down to terroristic activities, drug cartels, etc. We should be one with the international community in preventing such activities…
It also highlights a potential pitfall in global anti-money laundering efforts, which in the case of the Philippines has focused more on vanquishing terrorist financing than on preventing misuse of the financial system by banks and casinos.
The disclosure of the theft from an account of the Bangladesh central bank at the New York Fed, has given such issues fresh traction, with a front-runner for the May presidential election, Senator Grace Poe calling for a change to the Philippines’ stringent bank secrecy law.
“The trend now in the world is having bank disclosures, not bank secrecy,” Poe told reporters earlier this week. “This is to prevent also the funneling of money down to terroristic activities, drug cartels, etc. We should be one with the international community in preventing such activities…
Asian stocks mostly higher after US gains; Tokyo stocks down
– canadianbusiness.com
SEOUL, South Korea – Asian stocks mostly advanced on Friday as higher prices for commodities, including crude oil, pushed Wall Street stocks higher overnight. But shares in Tokyo fell as the yen’s strength worried investors.
KEEPING SCORE: Japan’s Nikkei 225 fell 1.3 per cent to 16,724.81 while South Korea’s Kospi added 0.1 per cent to 1,992.12. Hong Kong’s Hang Seng index rose 0.6 per cent to 20,616.98. The Shanghai Composite index in mainland China rose 1.8 per cent to 2,955.67 while Australia’s S&P/ASX 200 gained 0.3 per cent to 5,239.30. Stocks in Taiwan, Singapore and Indonesia were higher.
ANALYST’S TAKE: “A lot of the worries on the worry list from early this year have faded,” Shane Oliver, head of investment strategy at AMP Capital in Sydney, Australia, said in a daily commentary. Oliver cited the stabilization of the Chinese renminbi, the halt in the U.S. dollar’s rise, eased fears about a U.S. recession and higher crude oil and commodity prices…
KEEPING SCORE: Japan’s Nikkei 225 fell 1.3 per cent to 16,724.81 while South Korea’s Kospi added 0.1 per cent to 1,992.12. Hong Kong’s Hang Seng index rose 0.6 per cent to 20,616.98. The Shanghai Composite index in mainland China rose 1.8 per cent to 2,955.67 while Australia’s S&P/ASX 200 gained 0.3 per cent to 5,239.30. Stocks in Taiwan, Singapore and Indonesia were higher.
ANALYST’S TAKE: “A lot of the worries on the worry list from early this year have faded,” Shane Oliver, head of investment strategy at AMP Capital in Sydney, Australia, said in a daily commentary. Oliver cited the stabilization of the Chinese renminbi, the halt in the U.S. dollar’s rise, eased fears about a U.S. recession and higher crude oil and commodity prices…
Learn, save, invest and prosper with My Own Advisor.
Welcome to some new Weekend Reading friends! Earlier this week I contacted the winners of my TurboTax Canada giveaway but unfortunately only a couple of folks got back to me on time so I might need to draw a few new names. Congratulations to readers Andrea and Jason, and thanks for reading. Stay tuned for new names and hopefully I call your name!
This post got a number of comments this week: Asset allocation in retirement. I also started a new giveaway on my site: The Essential Retirement Guide. Make sure you check out that post and enter!
I actually have more giveaways planned for my site in the coming weeks so share the love (this blog) with friends and family.
Have a great weekend,
Mark
A Wealth of Common Sense updated his favourite asset quilt.
Dividend Earner had some solid monthly income.
Boomers in Vancouver are making a killing on real estate. Here’s a story about one couple that sold their five-bedroom home for $3 million in December, a 100-fold gain from their purchase in 1970…
Welcome to some new Weekend Reading friends! Earlier this week I contacted the winners of my TurboTax Canada giveaway but unfortunately only a couple of folks got back to me on time so I might need to draw a few new names. Congratulations to readers Andrea and Jason, and thanks for reading. Stay tuned for new names and hopefully I call your name!
This post got a number of comments this week: Asset allocation in retirement. I also started a new giveaway on my site: The Essential Retirement Guide. Make sure you check out that post and enter!
I actually have more giveaways planned for my site in the coming weeks so share the love (this blog) with friends and family.
Have a great weekend,
Mark
A Wealth of Common Sense updated his favourite asset quilt.
Dividend Earner had some solid monthly income.
Boomers in Vancouver are making a killing on real estate. Here’s a story about one couple that sold their five-bedroom home for $3 million in December, a 100-fold gain from their purchase in 1970…
It’s time to revisit income trusts while avoiding their worst excesses
– theglobeandmail.com
Here’s a suggestion for Prime Minister Justin Trudeau and his government looking for ways to boost the economy and create a steady stream of investment income for Canadians who need it
How to survive the oil slump—from the people who lived it before
– canadianbusiness.com
(Portrait by Erik Putz)Most people working in the oilpatch in the summer of 2014 had never known a prolonged downturn. But in the 1980s and ’90s, it was the norm. We asked battle-tested industry veterans how they survived past oil price crashes—and how today ’s leaders can persevere:
IAN MACGREGOR
President, CEO and chairman, North West Upgrading
Ian MacGregor entered the oil and gas industry in 1969, splitting his time between studying mechanical engineering at the University of Calgary and doing shifts as a night watchman at the machine shop where his father worked. Following graduation, MacGregor bought a truck and a set of tools, and turned his attention to fixing things; mechanics was more lucrative than engineering, he says.
How energy companies are responding to the oil price slump
MacGregor started his first business, oil-field engineering and construction firm Abax Energy Services, in 1972. Entrepreneurship was a good fit, and MacGregor has been at the helm of various ventures since, including building and operating small gas plants, starting a private investment company, and his current role: president, CEO and chairman of North West Upgrading, a Calgary-based company partnering to build a bitumen refinery near Redwater, Alta…
