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Smart financial decisions small business owners should make now Jul 27th
In partnership with Surex
Rule number one of being an entrepreneur: When things get tough, keep going. The COVID-19 pandemic has brought to the surface many worst-case scenarios for small business owners. They’ve lost revenue, laid off staff, and some have even had to close their business permane.... More »
Invest in Trump? There’s an ETF for that + MORE Sep 18th
A Texas financial firm is betting GOP supporters will put their money where their politics are (Jim Young/Reuters)
It’s a truism to say that we are in hyper-partisan times, the United States in particular. From our bumper stickers to our news sources, we can choose to live in a way that refl.... More »
Trump and family sue Deutsche Bank, Capital One to keep congress from accessing business records - Global News Apr 30th
Trump and family sue Deutsche Bank, Capital One to keep congress from accessing business records Global NewsTwo U.S. House committees have subpoenaed Deutsche Bank and several other financial institutions as part of investigations into Trump's finances.View full coverage on Google News.... More »
Does our young family have enough insurance? + MORE Jun 13th
Sammu (left) and Mandy Dhaliwall (far right) (Photo by Jennifer Roberts)
In our April 2016 issue of MoneySense, we introduced you to Sammu and Mandy Dhaliwall, a young married couple with three kids from Brampton, Ont. They are trying to juggle RRSPs, TFSAs, paying down their $350,000 mortgage as w.... More »
Drowning in debt is the new normal in Canada + MORE Apr 24th
The Canadian Press/Ryan Remiorz
On any given day now you can expect to hear at least one economist, public official or financial commentator express grave concern about the mountain of debt Canadians now carry. The bloated debt loads of Canadian households has become a pervasive topic in media. B.... More »
Economist Ed Safarian was ‘ahead of his time’
– theglobeandmail.com
Academic argued for the potential benefits of foreign investment in Canada while economic nationalists were sounding the alarm
January 2016 Dividend Income Update
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Welcome to my first dividend income update for 2016. For those of you new to these posts on my site, every month I discuss my approach to investing using Canadian dividend paying stocks and Exchange Traded Funds (ETFs), and how reinvesting the dividends and distributions paid from these Canadian holdings are helping us reach financial freedom.
Looking back…
It’s easy to be pleased with the progress we’ve made over the last few years, getting our financial act together, largely thanks to a good (an improved) savings rate:
Prior to 2008, I wasn’t focused on dividends or ETFs or much of anything related to our portfolio. The Great Recession was definitely a rude wake-up call and time to re-evaluate things. I started this blog in earnest early in 2010 and I’ve been using it ever since to chronicle our saving and investing ways to financial freedom.
In 2010 we began the transition out of (costly) big bank mutual funds and into lower-cost, Exchange Traded Funds…
Wynne says jobs, economy top priorities as Ontario legislature resumes Tuesday
– canadianbusiness.com
TORONTO – Premier Kathleen Wynne says jobs and the economy are her top priorities when the Ontario legislature resumes sitting Tuesday, but the opposition parties say the Liberals are on the wrong track for both.
Wynne says Ontario’s diversified economy is now leading Canada in foreign direct investment and in economic growth, and promises the upcoming budget will look at ways to keep the province on top.
“You will see in our budget that our focus is on how we can work across the province to make decisions that will allow for growth in communities and to work with businesses to allow us to continue to lead the country,” she said last week.
The budget is also expected to include details on more liberalized wine sales, following last year’s move to allow some grocery stores to sell six packs of beer, and will firm up the Liberal plan to eliminate the $7.5 billion deficit in just two years, as promised.
The government would not comment on reports the budget could be introduced as early as Feb…
Wynne says Ontario’s diversified economy is now leading Canada in foreign direct investment and in economic growth, and promises the upcoming budget will look at ways to keep the province on top.
“You will see in our budget that our focus is on how we can work across the province to make decisions that will allow for growth in communities and to work with businesses to allow us to continue to lead the country,” she said last week.
The budget is also expected to include details on more liberalized wine sales, following last year’s move to allow some grocery stores to sell six packs of beer, and will firm up the Liberal plan to eliminate the $7.5 billion deficit in just two years, as promised.
The government would not comment on reports the budget could be introduced as early as Feb…
HSBC Holdings plc said it will keep its headquarters in London, ending a 10-month process in which one of the world’s largest financial companies considered moving to Hong Kong to get closer to its centre of gravity in fast-growing Asian economies.
Federal regulator takes permanent control of Maple Bank’s Canadian branch assets
– canadianbusiness.com
OTTAWA – The federal banking regulator says it is taking permanent control of the assets of the Canadian branch of German-based Maple Bank GmbH.
The Office of the Superintendent of Financial Institutions is also asking the Attorney General of Canada to apply for a winding-up order with respect to these assets.
OSFI said last week that it was temporarily taking control of the assets of Maple Bank’s Canadian branch.
That was after a German regulator suspended the lender’s activities following investigations into certain trading activities during the 2006-2010 taxation years.
OSFI says an insolvency administrator was appointed in Germany last week to handle the winding up of Maple Bank GmbH.
Maple Bank’s main business at its Toronto branch was securitization, securities financing and structured secured wholesale lending.
Its deposits are not covered by Canada Deposit Insurance Corp. insurance.
Follow @alexposadzki on Twitter.
The post Federal regulator takes permanent control of Maple Bank’s Canadian branch assets appeared first on Canadian Business – Your Source For Business News.
The Office of the Superintendent of Financial Institutions is also asking the Attorney General of Canada to apply for a winding-up order with respect to these assets.
OSFI said last week that it was temporarily taking control of the assets of Maple Bank’s Canadian branch.
That was after a German regulator suspended the lender’s activities following investigations into certain trading activities during the 2006-2010 taxation years.
OSFI says an insolvency administrator was appointed in Germany last week to handle the winding up of Maple Bank GmbH.
Maple Bank’s main business at its Toronto branch was securitization, securities financing and structured secured wholesale lending.
Its deposits are not covered by Canada Deposit Insurance Corp. insurance.
Follow @alexposadzki on Twitter.
The post Federal regulator takes permanent control of Maple Bank’s Canadian branch assets appeared first on Canadian Business – Your Source For Business News.
