Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

In situations where it is determined that testamentary trust planning is advisable, it is generally recommended that a separate trust be created for each child.
While you may wonder whether it would be simpler to have just one trust for all of your children, there are many reasons why it is preferable to use a separate trust for each child. For example, the use of separate testamentary trusts can facilitate the following:

The ability to have different assets held in each trust, depending on your intentions.
The ability to set different terms for each trust regarding matters such as the use and distribution of income, encroachments on the capital of the trust and distributions of capital to the beneficiaries, depending on the particular needs, abilities and ages of each child. This can be especially important where one child is eligible for a special type of trust, such as a trust for a disabled beneficiary, which would require specific terms.
Separate administration of each trust would avoid the intermingling of your children’s shares of your estate and enable clearer tracking of the income and capital used or distributed in favour of each child, as well as a clearer picture of the balance in each child’s trust, which would be needed when trust assets are to be distributed, whether during the child’s lifetime or following a child’s death…

OTTAWA _ The Liberals will create a new housing benefit to go directly to low-income tenants, spend billions to repair existing affordable housing units and find a way to build 100,000 more units as part of a housing strategy announced today.
The government says the portable housing benefit could help 300,000 households cumulatively between 2021 _ when the money is to start flowing _ and 2028.
A new financing program will be created for housing providers to help them repair aging units and use their assets to leverage additional cash to build new apartments and homes.
The $15.9 billion housing fund will create 60,000 new affordable housing units, repair 240,000 more through grants and loans and prioritize mixed-income developments.
The document also says the government plans to create a federal housing advocate and legislate a right to housing, which will require regular reports to Parliament on federal efforts to ease the housing burden for hundreds of thousands of families.
Although the Liberals are touting some $40 billion in spending over the next decade, the math includes almost $10 billion in planned spending, repurposes $4…

Investors are seemingly oblivious to what appears to be good news for the stock, but this cautious response looks like an opportunity for anyone willing to make a long-term bet

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Simple Personal Finance Rules of Thumb The following is a guest post by blogger, economist and fan of this site Kostas Chiotis. Dealing with your finances can be very tricky.  This is particularly true if you have many demands for your hard-earned income.  I suspect most people do. Once some financial problems begin they can…
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TORONTO _ With the U.S. Thanksgiving holiday approaching, North American stock indices are little changed today.
The Toronto Stock Exchange’s S&P/TSX composite index edged down 3.07 points to 16,073.58, despite sharp increases in the price of oil and gold.
The January crude contract soared US$1.19 to US$58.02 per barrel and the December gold contract climbed US$10.50 to US$1,292.20 an ounce.
In New York, the Dow Jones industrial average was down 64.65 points to 23,526.18. The S&P 500 index gave back 1.95 points to 2,597.08 and the Nasdaq composite index was up 4.88 points to 6,867.36.
In currency markets, the Canadian dollar was trading at 78.56 cents US, up 0.30 of a U.S. cent.
Elsewhere in commodities, the January natural gas contract was down five cents at US$3.06 per mmBTU and the December copper contract was up one cent to US$3.14 a pound.
U.S. markets will be closed Thursday for the Thanksgiving holiday and trading will end early on Friday.
 
The post TSX, Wall Street flat ahead of U…