How to go about securing the best return for your investment in Canada.
Latest News
Before you RSVP, do the destination wedding math + MORE Jul 2nd
As destination weddings rise in popularity, guests face a financial dilemma: how to celebrate loved ones without derailing their own financial futures. When the wedding invitation arrives with a picture of a tropical beach or a European castle, it carries an unspoken price tag that can often reach $.... More »
How to buy quality dividend stocks + MORE Jun 21st
The post How to buy quality dividend stocks appeared first on MoneySense..... More »
Calendar: What investors need to know for the week ahead Dec 23rd
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead
.... More »
How much are solar panels in Canada? Mar 28th
Should you put solar panels on your roof? It sounds like a great idea to generate electricity from the renewable and free resource that is the sun, but the answer depends on many variables, ranging from your household’s energy consumption and where you live to the size of your budget. Let’s.... More »
Canadians are curious about investing—and willing to take bigger risks + MORE Jun 26th
If you’re not investing regularly, you’re not alone. An Ipsos poll conducted last year found that fewer than half (48%) of Canadians put money into investments annually, and just over half (51%) of Canadians feel that they’re knowledgeable about investing—but 73% say they’d like to learn m.... More »
Business Highlights
– canadianbusiness.com
___
More travellers sign up for airport programs, only to wait
NEW YORK (AP) — A growing number of travellers are signing up for the government’s expedited airport screening programs, only to face another wait.
After angry fliers missed flights this spring because of lengthy security lines, government officials promoted the PreCheck and Global Entry systems. The number of applicants for PreCheck more than tripled in a few months.
Now there is a new logjam. It can take weeks or even months to get an appointment for an interview needed to complete the enrolment. Travelers can try walking into an enrolment office without an appointment, but that can mean waiting for hours or even getting turned away.
___
Rising home prices lift US wealth, even as stocks fall
WASHINGTON (AP) — Americans’ household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.
The Federal Reserve said Thursday that U.S. household net worth increased 1 per cent to $88…
More travellers sign up for airport programs, only to wait
NEW YORK (AP) — A growing number of travellers are signing up for the government’s expedited airport screening programs, only to face another wait.
After angry fliers missed flights this spring because of lengthy security lines, government officials promoted the PreCheck and Global Entry systems. The number of applicants for PreCheck more than tripled in a few months.
Now there is a new logjam. It can take weeks or even months to get an appointment for an interview needed to complete the enrolment. Travelers can try walking into an enrolment office without an appointment, but that can mean waiting for hours or even getting turned away.
___
Rising home prices lift US wealth, even as stocks fall
WASHINGTON (AP) — Americans’ household wealth rose in the first three months of this year as home values increased, offsetting a drop in stock prices.
The Federal Reserve said Thursday that U.S. household net worth increased 1 per cent to $88…
Restoration Hardware and Freeport-McMoran slide, Smucker up
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Thursday:
J.M. Smucker Co., up $10.52 to $143.23
The food company reported strong sales of coffee and pet foods and gave a solid annual forecast.
Restoration Hardware Holdings Inc., down $7.66 to $28.41
The home furnishings retailer cut its outlook after reporting weak quarterly results.
Tailored Brands Inc., down $3.19 to $12.34
The menswear chain reported disappointing first-quarter results as its Men’s Wearhouse brand struggled.
Capital One Financial Corp., down $1.23 to $70.87
Banks traded lower as bond yields dropped, sending interest rates lower.
Freeport-McMoRan Corp., down 68 cents to $10.90
Metals companies took the largest losses on the market Thursday as investors remain worried about the global economy.
American Airlines Group Inc., up 89 cents to $33.40
Airlines got a boost from lower oil prices, which could lead to cheaper jet fuel.
Ameren Corp., up $1.21 to $50.89
The drop in bond prices made utility companies more appealing to investors…
J.M. Smucker Co., up $10.52 to $143.23
The food company reported strong sales of coffee and pet foods and gave a solid annual forecast.
Restoration Hardware Holdings Inc., down $7.66 to $28.41
The home furnishings retailer cut its outlook after reporting weak quarterly results.
Tailored Brands Inc., down $3.19 to $12.34
The menswear chain reported disappointing first-quarter results as its Men’s Wearhouse brand struggled.
Capital One Financial Corp., down $1.23 to $70.87
Banks traded lower as bond yields dropped, sending interest rates lower.
Freeport-McMoRan Corp., down 68 cents to $10.90
Metals companies took the largest losses on the market Thursday as investors remain worried about the global economy.
American Airlines Group Inc., up 89 cents to $33.40
Airlines got a boost from lower oil prices, which could lead to cheaper jet fuel.
Ameren Corp., up $1.21 to $50.89
The drop in bond prices made utility companies more appealing to investors…
OTTAWA – The Bank of Canada is warning that the possibility of a sharp correction in real estate prices has increased in rapidly growing markets like Vancouver and Toronto.
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
You should be saving for more than just a down payment
– moneysense.ca
OTTAWA – You’ve scrimped and saved to put together a down payment to buy your first home.
But experts say it’s important to remember that your down payment is only part of the cost of buying a house.
Home inspections, title insurance and the costs of a lawyer to help with the purchase all add up. On top of that are moving expenses, service hookup fees and any renovations or repairs you want to make before moving in.
Canada’s Best Places to Live 2016 »
And you’re going to need to have the cash on hand to pay those bills.
Pat Giles, associate vice-president for real estate secured lending at TD Canada Trust, suggests homebuyers budget to three to five per cent of the price of their home for expenses related to the purchase if they can.
“It is critical to understand the full financial commitment up front,” Giles said. “The price of home ownership is much more than your down payment and your monthly mortgage payment, and so whether it is one-time closing costs or it is the ongoing costs of home ownership, there’s a lot to take into account…
But experts say it’s important to remember that your down payment is only part of the cost of buying a house.
Home inspections, title insurance and the costs of a lawyer to help with the purchase all add up. On top of that are moving expenses, service hookup fees and any renovations or repairs you want to make before moving in.
Canada’s Best Places to Live 2016 »
And you’re going to need to have the cash on hand to pay those bills.
Pat Giles, associate vice-president for real estate secured lending at TD Canada Trust, suggests homebuyers budget to three to five per cent of the price of their home for expenses related to the purchase if they can.
“It is critical to understand the full financial commitment up front,” Giles said. “The price of home ownership is much more than your down payment and your monthly mortgage payment, and so whether it is one-time closing costs or it is the ongoing costs of home ownership, there’s a lot to take into account…
BoC: Possibility of sharp real estate correction growing
– moneysense.ca
OTTAWA – The Bank of Canada is warning that the possibility of a sharp correction in real estate prices has increased in rapidly growing markets like Vancouver and Toronto.
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
Canada’s Best Places to Live 2016 »
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
In its latest assessment of Canada’s financial health, the central bank takes aim at the housing sector, saying that vulnerabilities due to the continued rise of household debt and greater imbalances in regional housing markets are higher than they were six months ago.
Canada’s Best Places to Live 2016 »
The bank’s semi-annual financial system review also says house hunters and lenders should not expect surging prices in Vancouver and Toronto to continue climbing at their current pace.
The bank also reiterates the risks of a sharp increase in long-term interest rates, stress from emerging markets like China and prolonged weakness in commodity prices.
When it comes to real estate, the report says foreign demand has contributed to price growth in Vancouver and Toronto, which boosts overall household indebtedness, though it adds that it’s currently difficult to measure the impact of foreign investment…
