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Skipping the starter home for the next size up? Be financially savvy about it May 4th
Taking on too big a debt load can leave first-time buyers house poor, unprepared for retirement and stressed by ordinary purchases for things like car repairs and vacations, Lesley-Anne Scorgie writes..... More »
“I took a break from Bay Street to co-write a musical”: Myron Genyk on his money values and getting financially cut off at 20 Jun 1st
Who is Myron Genyk? As the CEO and co-founder of Evermore Capital, a Canadian asset management company, he introduced target date exchange-traded funds (ETF) for those with retirement goals from 2025 to 2060. With over 15 years of Bay Street experience, Myron has worked at BlackRock Canada and Natio.... More »
Segregated funds are no tax panacea + MORE Jun 6th
Ask a Planner
I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I be doing.... More »
Slashing debt is Canadians’ number one priority in 2018 + MORE Dec 30th
TORONTO — Canadians are keen to lighten their debt loads in 2018, according to an annual opinion survey conducted for CIBC.
The Toronto-based bank says debt reduction or elimination was the top priority for 25 per cent of the poll respondents.
Paying bills or just getting by .... More »
How to stay the course with your retirement plan during market volatility + MORE Apr 11th
Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult.
Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... More »
Credit Suisse lands ex-Morgan Stanley managing director
– theglobeandmail.com
Quick courtship of veteran investment banker Ram Amarnath a sign of the importance investment banks attach to covering Canada’s private-equity firms and pension plans
Ontario Securities Commission hearing into Home Capital put over to June 2
– canadianbusiness.com
The Ontario Securities Commission’s hearing into Home Capital Group (TSX:HCG) has been put over to June 2.
The Toronto-based lender has seen its share price tumble in recent weeks following allegations from OSC staff that the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications.
The company has said the allegations are without merit and vowed to defend itself.
Lawyers for the three men did not immediately respond to requests for comment on Thursday.
When the OSC announced the allegations two weeks ago, former CEO Martin Reid declined comment.
The OSC allegations prompted some customers to pull their deposits, which Home Capital uses to fund its mortgages, out of the company.
Home Capital recently secured a $2 billion credit line from the Healthcare of Ontario Pension Plan to make up the lost capital.
Ratings agency DBRS downgraded Home Capital’s senior debt rating to CCC from BB on Wednesday after the company announced it was postponing the release of its first quarter results until May 11…
The Toronto-based lender has seen its share price tumble in recent weeks following allegations from OSC staff that the company, two former CEOs and the current CFO broke the law in their handling of a scandal involving falsified loan applications.
The company has said the allegations are without merit and vowed to defend itself.
Lawyers for the three men did not immediately respond to requests for comment on Thursday.
When the OSC announced the allegations two weeks ago, former CEO Martin Reid declined comment.
The OSC allegations prompted some customers to pull their deposits, which Home Capital uses to fund its mortgages, out of the company.
Home Capital recently secured a $2 billion credit line from the Healthcare of Ontario Pension Plan to make up the lost capital.
Ratings agency DBRS downgraded Home Capital’s senior debt rating to CCC from BB on Wednesday after the company announced it was postponing the release of its first quarter results until May 11…
