How to go about securing the best savings strategy in Canada.
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The 8 weirdest things you can bet on at Super Bowl 50 + MORE Feb 10th
The Super Bowl is this Sunday and, as with any major sporting event, there are plenty of people betting on the outcome of the game. But that’s not the only aspect of the big night that Vegas oddsmakers are taking wagers on. You can place a bet on everything from the result of the coin toss to .... More »
Reasons to consider early RRSP and RRIF withdrawals + MORE Oct 24th
Workers contribute to their registered retirement savings plans (RRSPs) during their working years, with the hope of paying a lower tax rate on withdrawals than the tax rate they save when contributing. Even if the tax rates are similar, there can be a benefit to the tax deferral and compounding of .... More »
Contributing to your grandchild’s RESPs: What grandparents need to know + MORE May 14th
You’ve likely heard the saying “It takes a village to raise a child.” Well, with the cost of college and university tuition rising every year, it just might take a village to pay for post-secondary education, too. That’s where grandparents can help with registered education savings plans (RE.... More »
Drivers can pocket their savings by allowing their insurer to come along for the ride + MORE Jun 21st
Driver monitoring programs are generally delivered in two ways, by a smartphone app that “sleeps” until it senses driving has started, or by a telematics device plugged into the car’s diagnostic port..... More »
Couple pours life savings into bitcoin mine + MORE Dec 7th
As the price of bitcoin tops $15,000 US, some Canadians are looking for new ways to cash in on its climb..... More »
TORONTO – Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry (TSX:BB).The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
Household debt climbs to 167% of disposable income
– moneysense.ca
(JGI/Jamie Grill)TORONTO – Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.
The total amount of credit market debt — which includes mortgages, non-mortgage loans and consumer credit — held by Canadian households increased to 162.6 per cent of disposable income during the quarter, from a revised 161.5 per cent in the previous quarter.
That means Canadians owed about $1.63 for every dollar of disposable income in the third quarter.
The previous record of 161.7 per cent was set in the third quarter of 2013.
RBC economist Laura Cooper said the high ratio of debt relative to net worth will reinforce the Bank of Canada’s cautious approach to raising its benchmark interest rate.
“Consumers have amassed record levels of outstanding debt as a protracted period of depressed borrowing rates has sustained buoyant housing market activity,” Cooper said in a note…
Export Development Canada reaches US$850-million financing deal with Vodafone
– canadianbusiness.com
TORONTO – Export Development Canada will be providing financial assistance to European telecom giant Vodafone, which the Canadian government agency notes is an important customer of BlackBerry (TSX:BB).
The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.
Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.
The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.
EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.
The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.
Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
The EDC said it has reached a US$850 million commercial financing deal with Vodafone, but provided few specific details.
Instead, EDC says Vodafone — which operates in several countries, primarily in Europe — will generate important connections and new business for many Canadian companies and suggested BlackBerry would be among them.
The Globe and Mail reports that $750 million of the total will be allocated for purchases of BlackBerry offerings.
EDC assists foreign companies in purchasing goods and services from Canadian businesses, including repayable loans.
The announcement from Ottawa comes at a busy time for BlackBerry, w hich is scheduled to bring a new smartphone to market on Wednesday and release its latest quarterly financial report on Friday.
Analysts are estimating BlackBerry generated about US$925 million of revenue in its fiscal third quarter, which would be down about 22 per cent from the comparable period last year…
