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Australia's ruling party to choose new prime minister - CBC.ca + MORE Aug 24th
CBC.caAustralia's ruling party to choose new prime ministerCBC.caAustralia appears set to get its sixth change of prime minister in 11 years, in a ballot of government lawmakers which would continue an era of extraordinary political instability. Foreign Minister Julie Bishop is among the favour.... More »
Making sense of the markets this week: August 3 Aug 1st
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Gold outshines itself
Gold stole the headlines this week. That can happen when an infamous asset takes out its previous all-time highs.
Last Sunday, gold made another push a.... More »
Average Canadian house price up 38% compared to last year, but down from March - CBC.ca Jun 15th
Average Canadian house price up 38% compared to last year, but down from March CBC.caCanadian real estate: CREA says sales fell in 80% of markets in May Yahoo Canada FinanceCanadian home sales fall 7.4% in May, average selling price also inches down from month before: CREA .... More »
Saudi Aramco prospectus flags risks, gives few details on IPO size - Reuters Nov 10th
Saudi Aramco prospectus flags risks, gives few details on IPO size ReutersSaudi Aramco targets sale of 0.5% of state oil giant to retail investors, sources say CBC.caAramco IPO expected to lean on Saudi investors and China Al Jazeera EnglishWhat Is Aramco Worth? .... More »
Canadian Tire reports sales up from year ago, raises quarterly dividend + MORE Nov 9th
The company’s third-quarter earnings rise to $176.6-million, from $176.4-million, a year earlier
.... More »
You have to hand it to Carolyn Rogers. The head of B.C.’s Financial Commission clearly has a flair for drama. With just weeks left on the job, Rogers is set to deliver a much-anticipated swan song this week, her report on the state of the province’s most hotly debated industry: real estate.
With expanded Canada Pension Plan your future self thanks you
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Canada has been facing a pension crisis for many years. Millions of Canadians do not have a workplace pension plan.
According to this article, Canadians without an employee pension plan represent about 47% of those aged 55-64. This means this cohort will have to do one or more of these things to stay out of poverty in retirement: save on their own (likely more than they thought), work longer or spend less as they get older.
While all sorts of registered accounts (examples: RRSPs, TFSAs) exist to help Canadians stash money away tax-deferred or tax-free for retirement few Canadians have the “savings gene” to do so. Back to the article to demonstrate: “the value of retirement assets for those without employee pensions are shockingly low. Canadians making $20,000-$50,000 have an average of $250 saved for their golden years. Half of the demographic has less than half a year’s income saved. The average single senior falls $5,600 below the poverty line, with a median income of under $20,000…
Canada has been facing a pension crisis for many years. Millions of Canadians do not have a workplace pension plan.
According to this article, Canadians without an employee pension plan represent about 47% of those aged 55-64. This means this cohort will have to do one or more of these things to stay out of poverty in retirement: save on their own (likely more than they thought), work longer or spend less as they get older.
While all sorts of registered accounts (examples: RRSPs, TFSAs) exist to help Canadians stash money away tax-deferred or tax-free for retirement few Canadians have the “savings gene” to do so. Back to the article to demonstrate: “the value of retirement assets for those without employee pensions are shockingly low. Canadians making $20,000-$50,000 have an average of $250 saved for their golden years. Half of the demographic has less than half a year’s income saved. The average single senior falls $5,600 below the poverty line, with a median income of under $20,000…
British political turmoil deepens after EU referendum
– canadianbusiness.com
LONDON – Britain’s shocking decision to remove itself from the European Union brought more political turmoil Sunday as Scotland’s leader threatened to block the move and the Labour Party’s leader veered dangerously close to losing his post.
The sense of unease spread as European leaders stepped up the pressure on Britain to begin its complex exit from the 28-nation EU immediately, rather than wait several months as British Prime Minister David Cameron prefers.
With London’s jittery stock market set to reopen Monday, the leaders of the successful campaign to leave the EU stayed largely out of the public eye, offering few signals about their plans.
If they were silent, Scotland was not. Popular First Minister Nicola Sturgeon said she would “consider” advising the Scottish Parliament to try to use its power to prevent Britain from actually leaving the EU. She said Scottish lawmakers might be able to derail the move by withholding “legislative consent” for a British exit, or Brexit…
The sense of unease spread as European leaders stepped up the pressure on Britain to begin its complex exit from the 28-nation EU immediately, rather than wait several months as British Prime Minister David Cameron prefers.
With London’s jittery stock market set to reopen Monday, the leaders of the successful campaign to leave the EU stayed largely out of the public eye, offering few signals about their plans.
If they were silent, Scotland was not. Popular First Minister Nicola Sturgeon said she would “consider” advising the Scottish Parliament to try to use its power to prevent Britain from actually leaving the EU. She said Scottish lawmakers might be able to derail the move by withholding “legislative consent” for a British exit, or Brexit…
Political fallout from Brexit continues with coup attempt against Labour leader – Toronto Star
– news.google.ca
Toronto StarPolitical fallout from Brexit continues with coup attempt against Labour leaderToronto StarThe Scottish parliament is also looking at the possibility of blocking Britain's exit from the European Union. Labour party leader Jeremy Corbyn faces the media as he leaves his house in London on Sunday. (Isabel Infantes / AP). By Dan BalzAnthony …No clear end to financial uncertainty after Brexit vote: Don PittisCBC.caHow Britons feel about BrexitCNNBusiness in Europe Is Cast Into UncertaintyWall Street JournalCenter for Research on Globalization -Reuters -Irish Independent -Financial Timesall 13,461 news articles »
Experts predicted a clear Brexit decision would clear the air and put markets back on track. Maybe so if the vote had been for Britain to remain in the European Union. But the vote to leave means uncertainty could continue to roil financial markets for months or years to come, Don Pittis writes.
