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Should I fire my advisor and invest by myself? + MORE Feb 11th
(Flickr)
Q. Bruce, I believe I am with a good and honest financial advisor. On her recommendation, I hold low-cost mutual funds, with an MER below 1%. My returns have averaged 6-8% annually over the past few years. But I am wondering if I should consider moving into a self-directed investment.... More »
RioCan to buy out partner Kimco and 22 properties + MORE Sep 24th
The RioCan and Kimco real estate businesses are unwinding their Canadian partnership, which jointly owns 35 properties in six provinces..... More »
Realtors should face fines up to $250K for misconduct, BC report recommends - CBC.ca + MORE Jun 28th
CBC.caRealtors should face fines up to $250K for misconduct, BC report recommendsCBC.caAn independent advisory group tasked with reviewing a series of damning revelations about unscrupulous activity in B.C.'s overheated housing market says real estate agents who break the rules should face fine.... More »
AI-fuelled scams on the rise as holiday shopping begins Nov 18th
As the holiday shopping season approaches, one expert says there are some scam trends emerging that consumers need to watch out for. Larry Zelvin, the head of the financial crimes unit at BMO Financial Group, said new technologies like artificial intelligence are making fraud harder to detect. “T.... More »
The best credit cards for airport lounge access in Canada for 2023 + MORE Oct 5th
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The best credit cards for airport lounge access in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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North American stock markets were sharply lower again today, as fears about the global economy dragged equities lower just about everywhere.
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
Why Canada’s leaders won’t talk about housing bubbles
– moneysense.ca
Given the real estate sector’s importance to the economy—it amounts to $4 trillion of Canadians’ wealth, is equal to roughly seven per cent of GDP and dominates 99 per cent of dinner-party conversations—you might have thought the housing market would be a significant point of debate in the federal election campaign. Remember, this was supposed to be an election about the economy. So much for that.
By now, it should be clear what’s at stake. Real estate has been a primary driver of Canadian economic growth for several years. It single-handedly lifted us out of the Great Recession, while soaring home prices made homeowners feel richer, spurring them to borrow and spend at a time when other parts of the economy, such as manufacturing and exports, have stagnated. With the collapse of the energy sector, housing is now the only game in town. And yet our pumped-up housing market and household debt levels are the greatest threats we face. This week, Citigroup became the latest in a long line of organizations, including Bank of America Merrill Lynch and the IMF, to express alarm…
By now, it should be clear what’s at stake. Real estate has been a primary driver of Canadian economic growth for several years. It single-handedly lifted us out of the Great Recession, while soaring home prices made homeowners feel richer, spurring them to borrow and spend at a time when other parts of the economy, such as manufacturing and exports, have stagnated. With the collapse of the energy sector, housing is now the only game in town. And yet our pumped-up housing market and household debt levels are the greatest threats we face. This week, Citigroup became the latest in a long line of organizations, including Bank of America Merrill Lynch and the IMF, to express alarm…
The week’s most overbought and oversold TSX stocks
– theglobeandmail.com
It’s a difficult period for technical analysis
At the open: Wall St., TSX follow global markets lower on China growth fears
– theglobeandmail.com
Both TSX and Wall Street open lower
