Toronto stock index plunges on tumbling energy prices, loonie loses ground + MORE Nov 15th

November 15, 2017, 2:07 am

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Loblaw closing 22 stores, launching home delivery ahead of ‘difficult year’ + MORE Nov 15th

‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018 + MORE Nov 20th

Chief investment strategist on where to put your money in Toronto stock market .... More »

Premarket: Global stocks claw back losses but set for second weekly fall Nov 17th

Longest weekly losing streak since August; European stocks sluggish as earnings disappoint .... More »

Aphria defiant amid possible ban from TSX + MORE Nov 16th

TSX parent TMX Group could force the cannabis company to choose between its TSX listing or its stake in the fast-growing marijuana industry south of the border .... More »

RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st

Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators .... More »

Should I draw down my RRSP before taking my pension?

– myownadvisor.ca

Save, invest, prosper with My Own Advisor.
Should I draw down my RRSP before taking my pension? From time to time on this site I write about having “enough money” for us to retire on, or at least, to semi-retire on in the decades to come. Determining our “enough number” would be easy if everything in life was fixed but things are…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Should I draw down my RRSP before taking my pension? is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.

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General Electric stock continues steep dive as shareholders pan CEO’s turnaround strategy

– theglobeandmail.com

General Electric Co.’s stock plunge deepened as its top leaders failed to soothe shareholder concerns about the turnaround plan for the embattled icon of American business.

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Buffett-backed BYD to open electric-vehicle plant in Ontario

– theglobeandmail.com

The Shenzhen-based company has decided to ‘significantly’ accelerate its investment in Canada as growing demand for electric vehicles and provincial tax incentives create a more welcoming environment, spokesman says

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Toronto stock index plunges on tumbling energy prices, loonie loses ground

– canadianbusiness.com

TORONTO _ Canada’s largest stock index nose-dived Tuesday while U.S. stocks slumped as the price of oil saw its biggest single-day drop since October.
The S&P/TSX composite index retreated 113.13 points to 15,913.13, with the energy sector leading the broad-based decline as the December crude contract fell US$1.06 to US$55.70 per barrel.
In New York, the Dow Jones industrial average was down 30.23 points to 23,409.47. The S&P 500 index edged back 5.97 points to 2,578.87 and the Nasdaq composite index lost 19.73 points to 6,737.87.
“We’re seeing continuing weakness in global markets. We’ve seen that all the major markets have kind of retreated from the highs that were set earlier in the month,” said Todd Mattina, chief economist and strategist at Mackenzie Investments.
“The decline in oil prices is really weighing on energy sectors in global markets, which of course is very important for the Canadian market.”
Mattina said a dovish report on Tuesday from the International Energy Agency has played a role in softening energy prices…

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Loblaw closing 22 stores, launching home delivery ahead of ‘difficult year’ + MORE Nov 15th

November 15, 2017, 2:37 pm

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TSX getting you down? There are always sound investment alternatives.

Latest News

JPMorgan making big profits by flipping cargo vessels + MORE Nov 19th

The investment bank is the biggest buyer of second-hand cargo freighters this year, having purchased 12 ships for $250-million. In an industry where rates can fluctuate wildly, 'If you have ships ready to take advantage of the spot market, you can make a lot of money' .... More »

Aphria defiant amid possible ban from TSX + MORE Nov 16th

TSX parent TMX Group could force the cannabis company to choose between its TSX listing or its stake in the fast-growing marijuana industry south of the border .... More »

RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st

Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators .... More »

‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018 + MORE Nov 20th

Chief investment strategist on where to put your money in Toronto stock market .... More »

Ontario Securities Commission to review TSX approval in HBC land deal

– canadianbusiness.com

TORONTO _ The Ontario Securities Commission is holding a hearing today at the request of a Hudson’s Bay Co. activist investor to review a Toronto Stock Exchange decision concerning shares involved in the sale of a New York City property.
Land & Buildings Investment Management LLC applied on Monday for the regulator to review the TSX’s Nov. 7 decision to provide conditional support to Rhone Capital’s $632-million equity investment in the form of eight-year mandatory convertible preferred shares.
The funding was part of a deal that included the sale of HBC’s (TSX:HBC) Lord & Talyor Fifth Avenue building to WeWork Property Advisors for nearly $1.1 billion and to pursue a strategic alliance with WeWork to pursue future real estate transactions.
The owner of Hudson’s Bay, Saks Fifth Avenue and Lord & Taylor said it expects Rhone will initially hold a 21.8 per cent voting and equity interest in the company on a partially diluted basis and that could grow to 30 per cent if the preferred shares are held to their eight-year maturity…

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How to boost your retirement income by 50%

– moneysense.ca

Flickr
If you were told there was a way to boost your income in retirement by 50% it would no doubt get your attention. It certainly got my attention, in a paper in a recent issue of the Journal of Retirement. The paper was co-authored by one of MoneySense’s panelists for the annual ETF All Stars panelists: Mark Yamada, president and CEO of Toronto-based PUR Investing Inc. The co-author is his colleague Ioulia Tretiakova, the firm’s director of quantitative strategies.
You might find the paper is bit too complex but this column aims to explain it in layman’s terms. While the strategy might be hard to replicate, it may at least get you thinking about your nest egg in a different way and lead to some good discussion with your advisor. It’s a new way to look at whether you should target income generation or maximizing returns when you maintain your nest egg in retirement. The paper is called “Autonomous Portfolio: A Decumulation Investment Strategy That Will Get You There…

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Heading for 'soft landing': October home sales up by modest 0.9%

– cbc.ca

Home sales across Canada in October were up by a seasonally adjusted “modest” increase of 0.9 per cent from September, the Canadian Real Estate Association said Wednesday.

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Loblaw closing 22 stores, launching home delivery ahead of ‘difficult year’

– canadianbusiness.com

VANCOUVER _ Loblaw Companies Ltd. is closing 22 stores and launching home delivery in two major Canadian cities, ahead of what it believes will be a challenging new year.
The grocery and pharmacy giant has finalized a plan that will result in the closure of 22 unprofitable stores across a range of its banners and formats, said spokeswoman Catherine Thomas in an email, who declined to provide specific store locations. The store closures are expected to be mostly complete by the end of the first quarter next year.
“We are excited about our future. But given all of the headwinds, we expect 2018 will be a very difficult year,” said Galen G. Weston, Loblaw CEO, during a call with analysts following the company’s earnings report.
Canadian grocers face increasing pressure from several fronts, including discount and online retailers, and pending minimum wage increases in some provinces.
Loblaw has already made several moves in recent months that some analysts attribute, at least in part, to cost pressures…

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Double Majors: they help with landing a job (but only a bit)

– macleans.ca

Biology class 2F03 with instructor Patricia Chow-Fraser, at McMaster University on Sept 21, 2017. (Photograph, Hannah Yoon)
Canadian data is non-existent on whether earning a double major makes it easier to find work. For starters, Statistics Canada does not even count the number of double majors, nationally, because of variable reporting patterns by universities. But American research offers clues.
Last May, the Brookings Institution, a Washington, D.C. think tank, released a report that showed significant variations in post-graduation job earnings within the same major. For example, the 1.2 per cent of philosophy majors who became management analysts earned a median salary of US$72,000, while the eight per cent from the same discipline who became professors and lecturers earned only US$51,000. “Different career paths and the associated earnings differences for students with the same college major are pervasive and important for understanding both the benefits of college majors and of college itself,” the report concluded…

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Aphria defiant amid possible ban from TSX + MORE Nov 16th

November 16, 2017, 3:36 pm

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Norway's $1T wealth fund proposes to drop oil, gas stocks from index

– cbc.ca

Norway’s trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower.

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Seven Generations shares slide after it increases 2018 capital spending plan

– canadianbusiness.com

CALGARY _ Shares in Seven Generations Energy Ltd. (TSX:VII) fell by almost 10 per cent in morning trading after it announced plans to increase spending by five per cent to about $1.75 billion next year, despite an uncertain oil and gas price outlook.
The Calgary-based company says its budget will allow it to grow production from its Montney wells in northwestern Alberta by around 15 per cent to roughly 205,000 barrels of oil equivalent per day in 2018.
Shares fell as much as $1.80 to $16.45 by noon on the Toronto Stock Exchange.
Seven Generations CEO Marty Proctor says spending next year will outstrip cash inflows but the company plans to present a more balanced budget in 2019.
He says its updated five-year plan envisions growing production by about 50 per cent to 300,000 barrels of oil equivalent per day in 2022.
About 55 to 60 per cent of the output will come in the form of high-value natural gas liquids such as condensate, a light oil used to dilute bitumen for pipeline transport.

The post Seven Generations shares slide after it increases 2018 capital spending plan appeared first on Canadian Business – Your Source For Business News.

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Aphria defiant amid possible ban from TSX

– theglobeandmail.com

TSX parent TMX Group could force the cannabis company to choose between its TSX listing or its stake in the fast-growing marijuana industry south of the border

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S&P bond rating agency hands B.C. highest mark, confirming healthy economy

– canadianbusiness.com

VICTORIA _ British Columbia’s finance minister is pointing to what she says is another confirmation of the province’s healthy economy.
Bond rating agency Standard and Poor’s has confirmed B.C.’s triple-A long-term credit rating.
James says in a release that the rating reflects the province’s superior financial management practices, strong economy and robust liquidity.
B.C. has been rated triple-A with Standard and Poor’s since May 2007, when the province was upgraded from a double-A plus rating.
The release from the Finance Ministry says B.C. is the only province rated triple-A with all three international credit rating agencies, which include Standard and Poor’s, Moody’s and Fitch.
James says the latest rating report verifies that B.C.’s path forward is a fiscally prudent one.
“Our government will continue to take action to make life more affordable, improve the services that British Columbians count on, and ensure strong economic growth that benefits the entire province,” James says in the release…

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Broad based rally lifts Toronto stock index and Wall Street higher, loonie up

– canadianbusiness.com

TORONTO _ A broad-based rally pushed North American stock indexes higher today, as markets bounced back from modest declines a day earlier.
The S&P/TSX composite index was up 56.89 points to 15,935.37, with dragging energy shares one of few decliners.
In New York, the Dow Jones industrial average climbed 187.08 points to 23,458.36. The S&P 500 index advanced 21.02 points to 2,585.64 and the Nasdaq composite index added 87.08 points to a record high of 6,793.29.
The Canadian dollar was trading at 78.46 cents US, up 0.17 of a U.S. cent.
In commodities, the January crude contract was down 17 cents at US$55.35 per barrel and the December natural gas contract dropped three cents at US$3.05 per mmBTU.
The December gold contract was up 50 cents to US$1,278.20 an ounce and the December copper contract was unchanged at US$3.05 a pound.

The post Broad based rally lifts Toronto stock index and Wall Street higher, loonie up appeared first on Canadian Business – Your Source For Business News.

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Premarket: Global stocks claw back losses but set for second weekly fall Nov 17th

November 17, 2017, 4:06 am

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TSX getting you down? There are always sound investment alternatives.

Premarket: Global stocks claw back losses but set for second weekly fall

– theglobeandmail.com

Longest weekly losing streak since August; European stocks sluggish as earnings disappoint

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Ombudsman: federal tax relief program needs funding to improve response time + MORE Nov 17th

November 17, 2017, 4:07 pm

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How to go about securing the best return for your investment in Canada.

Giving home buyers incentives risks creating a house of horrors

– theglobeandmail.com

Some experts believe the government should adopt generous “pro-ownership” housing incentives, but they would put the financial system at risk by artificially boosting demand for homes

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Emergency Funds: Why You Need Them and How to Build One

– investitwisely.com

If you’ve ever done research on financial management or getting out of debt, the topic of savings has likely come up. Though it may seem strange that saving is a solution for debt, it can keep you from going further into debt and even help you out of a jam when you least expect it.
For most, however, saving is a financial task that is put on the back burner for one reason or another. If you, too, believe that having a stash tucked away for unforeseen circumstances is something you’ll get to when you have the time and money, maybe you should consider the importance of an emergency fund and what happens when you don’t have one.
Why You Need a Stash
Life is unpredictable. You can go years without having a financial emergency and then one day something you never planned for happens. You lose your job for a year, your car breaks down, you suddenly have to move, or some other emergency happens, and the only way to resolve it is if you have cash. When you have an emergency fund, you can withdraw funds from the account to handle your emergency and replenish it when you have the chance…

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Bombardier hiring spree is signal of aerospace industry future for young

– canadianbusiness.com

POINTE-CLAIRE, Que. _ Bombardier Inc.’s hiring of about 1,000 workers for its new business jet is a signal to young people that the aerospace industry is attractive despite waves of layoffs in recent years, chief executive Alain Bellemare said Friday.
“You go through cycles, but in a sense there’s always a very strong stable base of employment,” Bellemare said at the opening of its new interior completion centre.
Bombardier (TSX:BBD.B) confirmed it is hiring about 1,000 workers over the next 18 months to complete the interiors of the Global 7000 which is scheduled to enter into service late next year.
The company will hold a job fair next Friday at its main aerospace campus in Montreal.
The hiring follows mass layoffs in recent years by the company as part of a five-year turnaround plan to regain its financial footing. It eliminated 14,500 positions around the world in its aerospace and railway divisions.
Bellemare said it will be challenging to fill the skilled vacancies for its largest business jet that can fly non-stop between Montreal and Dubai…

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Ombudsman: federal tax relief program needs funding to improve response time

– canadianbusiness.com

OTTAWA _ The federal government’s Taxpayers’ Ombudsman says the Canada Revenue Agency needs more permanent base funding for a program that provides financial relief to taxpayers who fall behind on payments because of a disaster or hardship.
The ombudsman says in a report that it’s partially satisfied with the CRA’s efforts to set a standard for processing relief requests within 180 days, at least 85 per cent of the time, effective April 1, 2017.
But it says the CRA’s regional processing times should be more consistent and there needs to be more accuracy in communicating the times to the taxpayers making the requests.
The ombudsman says the CRA has implemented or accepted two recommendations, which deal with how taxpayers are notified about the estimated time required to process their request.
It also says the CRA has accepted in principle that it should identify the reasons for fluctuations in the number of requests received for tax relief following a flood, fire or other unusual hardship situation…

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Is Jordan Peterson the stupid man’s smart person?

– macleans.ca

Jordan Peterson during his lecture at University of Toronto. (Rene Johnston/Toronto Star via Getty Images)
University of Toronto psychology professor Jordan Peterson was in the news this week—and one imagines this makes the university sad. Peterson first made the news and became a belle of the alt-right when, in September 2016, he announced that he would not use a student’s preferred pronoun if he were asked to, except that he might if he felt the request was “genuine,” and no one had asked him that anyway.
What that poor man has been through.
Needless to say, in an economy as desperately short of leadership and ideas as the alt-right’s is, Peterson’s stock went through the roof. He currently has legions of fans hanging on his every YouTubed word; he’s now hauling in around USD $50,000 a month through crowdfunding.
As a child, I was always a bit uncomfortable when my parents’ friends asked me to call them “Auntie.” I was pretty sure there was no peer-reviewed literature supporting this familial relationship, but it never occurred to me to attempt to politicize, let alone monetize, my unease…

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Mutual Funds Newsletter Nov 18th

November 18, 2017, 4:38 pm

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How to go about securing the best return for your investment in Canada.

Mutual Funds Newsletter

– canadiancapitalist.com

The Canadian Mutual Funds Newsletter
Mutual Funds Newsletter – Canada
Mutual Funds Newsletter what’s it worth to you when the mutual fund market is set to reach close to 1.3 trillion dollars give or take a few billion over the next 10 years or so.
Canadians are participating in Canada’s capital markets in one way or another and the trend seems to be growing still and often includes market and investment growth. The Mutual Fund Industry is robust in Canada and with more than 4000 mutual and investment funds available information will be the best commodity.
Mutual Funds Newsletter was created specifically for the investor – advisor relationship. Consumers and Mutual Fund Investors – Shareholders have clearly noted by survey the demand is on for better service, more open communication and better overall returns with access to online portfolios and useable tools and friendly technology.
Mutual Funds Newsletter is a simple tool that includes the most important target markets in the mutual fund industry – Investors who buy and Advisor who sell…

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JPMorgan making big profits by flipping cargo vessels + MORE Nov 19th

November 19, 2017, 5:37 pm

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TSX getting you down? There are always sound investment alternatives.

JPMorgan making big profits by flipping cargo vessels

– theglobeandmail.com

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Bill to end five-week Ontario college strike passes

– macleans.ca

Striking college faculty rally in Toronto on Wednesday, Oct.25, 2017, calling on the province to send college administrators back to the bargaining table. THE CANADIAN PRESS/Thomas campean
TORONTO — Ontario legislated college faculty back to work on Sunday, ending a five-week strike and paving the way for students to return to class on Tuesday.
Colleges are extending their semesters so students don’t lose their terms, but trying to condense five missed weeks into roughly two extra ones will be very stressful, student advocates say.
“It’s going to be a very busy rest of the semester for students,” said Joel Willett, president of the College Student Alliance. “They have indicated to us that they are very frustrated.”
The group is pushing for students who feel they won’t be able to complete their semesters to be able to withdraw and receive refunds, Willett said.
The provincial government has ordered the colleges to create a fund — using savings from the strike, for example by not paying faculty wages — to help students who may be experiencing financial hardship because of the labour dispute…

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‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018 + MORE Nov 20th

November 20, 2017, 6:06 am

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How to go about securing the best return for your investment in Canada.

‘Mundane works’: BMO’s Brian Belski on how to invest in rising Canadian stocks in 2018

– theglobeandmail.com

Chief investment strategist on where to put your money in Toronto stock market

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When you break up a year after buying a condo together

– moneysense.ca

Q: My son and his common-law partner bought a condo together in Vancouver last year—which has since gone up in value. The relationship did not last and she would like to buy him out as both their names are on title. Are you aware of the steps involved to legally proceed with a real estate buy out and is it a wise move from an investment point of view?
— Norma R.
A: Hi Norma. I’m sorry to hear that your son is in this position. Break-ups are hard and can be exasperated when a division of assets is necessary.
I’m assuming your fear is that if your son accepts a buyout from his ex, he may then be priced out of Vancouver’s hot property market.
To minimize the impact of future property price appreciation, he should take the money and buy his own condo or home.
Your fear—that by giving up ownership of the condo he misses out on future appreciation—neglects how difficult decisions can be with someone you choose to no longer build a future with. Just imagine it’s five years from now…

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Don’t sell out when markets you stress out

– moneysense.ca

The stock market is going to take a hit. This we can say with confidence.
Will it be a right jab, easily shaken off? Or will it be a full-on body blow that leaves you prone, on the mat, panting, bloodied and humiliated?
A sell-off is coming. We don’t know how severe it will be, what will cause it, how long it will last, or when it will arrive. But history shows that stocks don’t just move up in one, long, endless, elegant line.
So when the correction comes, will you be prepared? Or will you stress out and sell out, doing serious damage to your portfolio’s long-term performance? Here are some tips to help you, umm, roll with the punches.

Read the series on big investor mistakes:

Don’t over invest in Canada

Don’t hold too much cash

Understand thyself
The field of behaviourial economics is pretty hip these days, ever since Dr. Richard Thaler won the Nobel Prize. Thaler’s research provided the data to prove how “predictably irrational” human beings can be…

Continue Reading On moneysense.ca »

8 ways to start the home-buying process

– moneysense.ca

Real estate isn’t just a place to live anymore, it’s now an integral part of your financial plan. But that doesn’t mean you should get in at all cost. To make it work, you need to consider the purchase of a home as part of your overall financial plan. To help you stay on track, here are eight simple steps you can take to start the home-buying process in a fiscally responsible way.
1. Start budgeting
Most people start their home buying process by going to an open house or by going online to the Multiple Listing Service— a collection of private databases used by real estate brokers to list homes for sale. But if you’re serious about becoming a homeowner, the first place to start is with your financial budget.
If you haven’t already make a list of all your known monthly and annual expenses. Now compare that to the income you take in. Any money left over should now be used to further your home purchase plans. If you don’t have money left over you either need to reconsider what you currently spend your money on or honestly ask yourself if you can afford home ownership…

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How to save money on Black Friday and Cyber Monday

– thestar.com

Some helpful tips on saving money and making wise financial decisions in the midst of shopping mayhem.

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A TFSA to protect against an apocalypse + MORE Nov 20th

November 20, 2017, 6:37 pm

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The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.

Toronto stock index makes meagre gain, as energy and gold sectors weigh

– canadianbusiness.com

TORONTO _ Gains in the health-care and telecommunications sectors helped prevent Canada’s main stock index from falling into the red today, as energy and gold stocks weighed heavily.
The S&P/TSX composite index added 5.83 points to 16,004.40. Valeant Pharmaceuticals Intl. Inc. (TSX:VRX) and Shopify Inc. (TSX:SHOP) had some of the biggest advances, up more than six per cent and nearly four per cent respectively at the closing of markets.
In New York, the Dow Jones industrial average gained 72.09 points to 23,430.33. The S&P 500 index edged up 3.29 points to 2,582.14 and the Nasdaq composite index advanced 7.92 points to 6,790.71.
The Canadian dollar was trading at 78.17 cents US, down 0.06 of a U.S. cent.
In commodities, the January crude contract was down 29 cents at US$56.42 per barrel and the December natural gas contract declined five cents to US$3.05 per mmBTU.
The December gold contract fell US$21.20 to US$1,275.30 an ounce and the December copper contract added three cents to US$3…

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How much tax do I owe on the sale of collectable wines at auction?

– moneysense.ca

Q. In the 1980s, I bought a number of bottles of wine that I kept in my cellar. I’ve now put this wine up for auction, and it will fetch over $10,000. However, I have no records of the original purchases, and no memory of what I paid for the wine, although it was certainly a lot less. How do I handle the reporting of capital gains on the sale of the wine? – Ken M. Toronto
Hi, Ken. That’s a good question. For U.S.citizens, green card holders and those who are considered resident aliens under the U.S. Tax Code, sales from collectibles including bottles of wine are taxed a 28% capital gains rate, plus of course an additional 3.8% Net Investment Income Tax if you have a high income.
Assuming you live in Canada, you would receive credit for any taxes you pay to Canada Revenue Agency on the income. On the Canadian side, because the wine is listed as personal property, the original cost is assumed to be $1.000 (Cdn.). That would be your starting point.
Since Canadian taxpayers are required to keep books and records in order to determine their tax liability, you would need to find some sort of documentation to support a higher cost…

Continue Reading On moneysense.ca »

How mutual fund investors are being left out of the pot stock rally

– theglobeandmail.com

According to TD, funds that haven’t added Canopy Growth Corp. to their portfolios are lagging the benchmark index by about 7 basis points since March

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What are tontines and why their time has come for financial planning

– moneysense.ca

Author Moshe Milevsky makes his case to bring back a financial instrument from the past.
SPEED READER
Book: King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble its Past
Author: Moshe A. Milvesky
Publisher: Cambridge University Press
Price: $56.43 for 257 page hardcover ($39 for the paperback)
WHO IS IT FOR? Anyone interested in discovering new ways to help us fund retirement—and if you love history, all the better.
WHAT IS A TONTINE? Part annuity, part lottery, and part hedge fund, the tontine—which recently celebrated its 360th birthday—offered a lifetime of income that increased as other members of the tontine died off and their money was distributed to survivors. The tontine is a slightly macabre concept that involves the pooling of investments in such a way that those who die end up subsidizing those who keep living.
Tontines: The retirement plan of the future?
WHY WE LIKE IT. Who would have guessed that a tontine financing scheme invented by a 17th Century Italian businessman might hold the key to retirement security for today’s workers? The investment takes its name from Lorenzo de Tonti, an exiled Neapolitan banker living in France who, in 1653 conceived of a plan to replenish the royal treasury, depleted by the Thirty Years’ War…

Continue Reading On moneysense.ca »

A TFSA to protect against an apocalypse

– moneysense.ca

Trevor Bonnici
AGE: 47
PLACE: Toronto
TFSA TOTAL: $47,895
STRATEGY: a portfolio that protects against hyperinflation and maintains his purchasing power

TFSA Holdings

Gold
25%

Mawer Global Bond Fund
35%

1 to 5-year TIPS VTIP ETF
10%

Polar Long/Short Fund (POL202)
(small- to mid-cap Cdn. equities)
5%

GIC ladder
(self-built in a self-directed account with 3rd party GICS that are CDIC-insured)

TOTAL
100%

Trevor Bonicci is 47-years old and works in the financial industry in Toronto. He has one aim with the $47,895 TFSA portfolio he put together recently, and that’s to protect his purchasing power at retirement. He’s even okay if he makes a zero real rate of return, as long as he’s protected against hyperinflation of the loonie and other currencies as well. “Preservation is the goal for my portfolio,” says Trevor who admits his approach is a bit unorthodox.
Trevor’s goal is a simple one. “I just want to ensure that what I hold today will be able to have the same purchasing power 30 years from now with as little risk as possible,” says Trevor…

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RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st

November 21, 2017, 7:07 am

≫ Next: CCPA report calls for expansion of pension regulations + MORE Nov 21st

≪ Previous: A TFSA to protect against an apocalypse + MORE Nov 20th

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.

Canada's Wealth Minerals part of group eyeing bid for Potash's stake in SQM

– theglobeandmail.com

Rio Tinto, Vancouver-based Wealth Minerals and Chinese private equity firm GSR Capital are considering buying the 32 per cent stake in the Chilean lithium producer

Continue Reading On theglobeandmail.com »

RBC joins ranks of global banks deemed ‘too big to fail’

– theglobeandmail.com

Bank has been added to the list of 30 global systemically important banks by the Financial Stability Board of international regulators

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2017 Financial Goals – November Update

– myownadvisor.ca

Save, invest, prosper with My Own Advisor.
2017 Financial Goals – November Update 2017 has been a blur… December is now around the corner. That means we only have a few weeks left to realize these goals. Do not to incur any new debt. Maximize our Tax Free Savings Accounts (TFSAs). Make double-up mortgage payments. Save $5,000 for a vacation. Save $5,000…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article 2017 Financial Goals – November Update is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.

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CCPA report calls for expansion of pension regulations + MORE Nov 21st

November 21, 2017, 7:37 pm

≫ Next: Estate planning considerations for single parents + MORE Nov 22nd

≪ Previous: RBC joins ranks of global banks deemed ‘too big to fail’ + MORE Nov 21st

How to go about securing the best return for your investment in Canada.

CCPA report calls for expansion of pension regulations

– canadianbusiness.com

OTTAWA _ A report by the Canadian Centre for Policy Alternatives recommends that payments to shareholders such as dividends and share buybacks by companies should be limited if their pension plans are underfunded.
The report says pension regulations must expand to consider broader financial decisions within companies.
It says that in many instances, firms are complying with the minimum required payments under the rules, but they are not making up the shortfalls in the pension plans as fast as they could.
Companies with defined-benefit pension plans have been hurt by the financial crisis and low interest rates, which have increased the amount of money they are required to have in their pension plans to pay future benefits.
When a pension plan is not fully funded, members face the possibility of seeing their pensions reduced if the plan is forced to wind up.
The report noted that the pension plan at Sears Canada has a $267-million shortfall, but the retailer which is in the process of liquidating has paid $1…

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Watch out for chart crimes, what to do with your Enbridge shares, and the pot stock fund dilemma

– theglobeandmail.com

A roundup of investment ideas for active investors

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Drilling contractors association forecasts ‘muted stability’ in 2018

– canadianbusiness.com

CALGARY _ The association that represents Canadian oil and gas drilling companies says it expects “muted stability” for the industry in 2018 despite recent strengthening in oil prices.
The Canadian Association of Oilwell Drilling Contractors is calling for 6,138 wells to be drilled in its 2018 forecast, an increase of just 107 from the number expected to be drilled this year.
It says the Canadian rig fleet is expected to shrink by 19 to a total of 615 next year as drilling contractors continue to struggle to find capital needed to keep older equipment running and reinvest in replacement rigs.
Last month, the Petroleum Services Association of Canada said it also expects a slight recovery in drilling in Canada in 2018 versus this year but the count will still be 30 per cent lower than in 2014 when oil prices peaked at more than US$100 per barrel.
New York-traded crude closed at US$56.42 per barrel on Monday, up from lows of less than US$43 in June.
Alberta government-owned lender ATB Financial said Monday the energy sector has “stabilized” and will enjoy a modest rebound in activity next year, helping fuel 3…

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↧

Estate planning considerations for single parents + MORE Nov 22nd

November 22, 2017, 8:06 am

≫ Next: Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

≪ Previous: CCPA report calls for expansion of pension regulations + MORE Nov 21st

TSX getting you down? There are always sound investment alternatives.

Metro reports fourth-quarter profit jump on increased sales

– theglobeandmail.com

Excluding the extra week and its acquisition of Jean Coutu Group, the grocer says its earnings would have been similar to last year’s

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Estate planning considerations for single parents

– moneysense.ca

If you are a single parent, here are key questions you should consider:

1. Are your estate plan and related documents up to date? The death of a spouse or separation or divorce generally triggers a significant change in intentions on death. If you are widowed or if you no longer want your former spouse to be your executor/ liquidator, a beneficiary of your property or other assets, or a decision maker if you become incapable, then you should act quickly to update your will and other documents, such as your power of attorney (protective mandate in Quebec), health care directive, beneficiary designations for retirement plans, TFSAs and life insurance, and title documents for real property.

2. How will you provide for your children’s financial security? By establishing trusts for your children in your will, you can name a trustee to manage the assets you leave for your children and provide for distributions for the benefit of the children as their needs and circumstances evolve…

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↧

Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

November 22, 2017, 8:08 pm

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≪ Previous: Estate planning considerations for single parents + MORE Nov 22nd

The benefits of using a separate testamentary trust for each child

– moneysense.ca

In situations where it is determined that testamentary trust planning is advisable, it is generally recommended that a separate trust be created for each child.
While you may wonder whether it would be simpler to have just one trust for all of your children, there are many reasons why it is preferable to use a separate trust for each child. For example, the use of separate testamentary trusts can facilitate the following:

The ability to have different assets held in each trust, depending on your intentions.
The ability to set different terms for each trust regarding matters such as the use and distribution of income, encroachments on the capital of the trust and distributions of capital to the beneficiaries, depending on the particular needs, abilities and ages of each child. This can be especially important where one child is eligible for a special type of trust, such as a trust for a disabled beneficiary, which would require specific terms.
Separate administration of each trust would avoid the intermingling of your children’s shares of your estate and enable clearer tracking of the income and capital used or distributed in favour of each child, as well as a clearer picture of the balance in each child’s trust, which would be needed when trust assets are to be distributed, whether during the child’s lifetime or following a child’s death…

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Liberals propose billions for affordable housing, including individual benefits

– canadianbusiness.com

OTTAWA _ The Liberals will create a new housing benefit to go directly to low-income tenants, spend billions to repair existing affordable housing units and find a way to build 100,000 more units as part of a housing strategy announced today.
The government says the portable housing benefit could help 300,000 households cumulatively between 2021 _ when the money is to start flowing _ and 2028.
A new financing program will be created for housing providers to help them repair aging units and use their assets to leverage additional cash to build new apartments and homes.
The $15.9 billion housing fund will create 60,000 new affordable housing units, repair 240,000 more through grants and loans and prioritize mixed-income developments.
The document also says the government plans to create a federal housing advocate and legislate a right to housing, which will require regular reports to Parliament on federal efforts to ease the housing burden for hundreds of thousands of families.
Although the Liberals are touting some $40 billion in spending over the next decade, the math includes almost $10 billion in planned spending, repurposes $4…

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Why TransCanada investors haven't benefited from the Keystone approval

– theglobeandmail.com

Investors are seemingly oblivious to what appears to be good news for the stock, but this cautious response looks like an opportunity for anyone willing to make a long-term bet

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Simple Personal Finance Rules of Thumb

– myownadvisor.ca

Save, invest, prosper with My Own Advisor.
Simple Personal Finance Rules of Thumb The following is a guest post by blogger, economist and fan of this site Kostas Chiotis. Dealing with your finances can be very tricky. This is particularly true if you have many demands for your hard-earned income. I suspect most people do. Once some financial problems begin they can…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Simple Personal Finance Rules of Thumb is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.

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TSX, Wall Street flat ahead of U.S. Thanksgiving, as loonie gains ground

– canadianbusiness.com

TORONTO _ With the U.S. Thanksgiving holiday approaching, North American stock indices are little changed today.
The Toronto Stock Exchange’s S&P/TSX composite index edged down 3.07 points to 16,073.58, despite sharp increases in the price of oil and gold.
The January crude contract soared US$1.19 to US$58.02 per barrel and the December gold contract climbed US$10.50 to US$1,292.20 an ounce.
In New York, the Dow Jones industrial average was down 64.65 points to 23,526.18. The S&P 500 index gave back 1.95 points to 2,597.08 and the Nasdaq composite index was up 4.88 points to 6,867.36.
In currency markets, the Canadian dollar was trading at 78.56 cents US, up 0.30 of a U.S. cent.
Elsewhere in commodities, the January natural gas contract was down five cents at US$3.06 per mmBTU and the December copper contract was up one cent to US$3.14 a pound.
U.S. markets will be closed Thursday for the Thanksgiving holiday and trading will end early on Friday.

The post TSX, Wall Street flat ahead of U…

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Getting a return on your investment within Canada can be tricky – let us help! Visit our Investment page for the latest advice and articles.

↧

CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd

November 23, 2017, 8:36 am

≫ Next: How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th

≪ Previous: Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

How to go about securing the best return for your investment in Canada.

What you need to know about tax-loss selling to offset stock gains

– moneysense.ca

CP/Craig Wong—Thanks to a rally this fall, the Toronto Stock Exchange is up for the year so far, but that doesn’t mean you don’t have any losers in your portfolio.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.

Pay less tax on rental properties

Even if you don’t have any capital gains this year, taking a loss now can still save you money if you have had capital gains in recent years or expect to have them in the future.
Losses must first be applied to any capital gains you have in the year you incur the loss, but once they have all been offset, the rest of your losses can be either carried back up to three years or saved to offset capital gains in future years…

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CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion

– theglobeandmail.com

The owner of Comparethemarket.com was considering an IPO on the London Stock Exchange

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Getting a return on your investment within Canada can be tricky – let us help! Visit our Investment page for the latest advice and articles.

↧

How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th

November 23, 2017, 9:06 pm

≫ Next: Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler'– The Globe and Mail + MORE Nov 24th

≪ Previous: CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd

There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.

How to prioritize your financial goals

– moneysense.ca

(Illustration by Sam Island)
Presented by Assante Wealth Management
It’s a given that financial goals must be marshalled according to life goals. After all, as the old saying goes, “If you don’t know where you’re going, you will probably end up somewhere else.” Veteran money coach and Certified Financial Planner Karin Mizgala vividly recalls a surprising encounter with a client who had actually achieved her financial goals. We’ll call her Charlene.
When B.C.-based Mizgala, CEO and co-founder of advice-only financial planners Money Coaches Canada, ran the numbers and told her client she was ready to retire, Charlene’s response was unexpected and unforgettable. “She burst into tears,” Mizgala remembers. It was a complete mix of delight and horror in almost equal measure. “It was like opening the bird cage and saying ‘Fly!’” But the truth of the matter was Charlene was pretty comfortable in the cage.
READ: How to achieve financial goals with your spouse
This true story illustrates the importance of basing your financial plan on your real-life goals…

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Invisible planes, water jobs and other things Donald Trump said in Thanksgiving speech to Coast Guard – Globalnews.ca

– news.google.ca

Globalnews.caInvisible planes, water jobs and other things Donald Trump said in Thanksgiving speech to Coast GuardGlobalnews.caPresident Trump and First Lady Melania spent part of their Thanksgiving visiting a Coast Guard Station in Riviera Beach, Florida. In his remarks, Trump talked about an invisible plane, described a hurricane as a water job and challenged a guardsman to …Donald Trump's Thanksgiving menu: Grievances with a side of gratitude — for himToronto StarA Mar-a-Lago Thanksgiving: It's All GravyNew York TimesTrump credits troops, and himself, for military advancesCP24 Toronto’s Breaking NewsWashington Post -The Australian Financial Review -The Independent -The Guardianall 383 news articles »

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Uber hack latest example of why vigilance required to keep your wallet safe

– canadianbusiness.com

OTTAWA _ When Doug Hoyes had his credit card information stolen, fraudsters used it to pay for three taxi rides in Toronto.
He wasn’t in that city, but discovered the charges while routinely checking his card transactions online and notified his bank, which cancelled the card.
Hoyes, a licensed insolvency trustee, says the incident illustrates the importance for individuals to keep a watchful eye on their statements in a world where financial information can be stolen in a myriad of ways.
“I realize that the bank will probably cover you anyways, so you’re not going to lose any money, but do you really want to wait until they’ve used up your credit limit and you’re trying to put gas in your car and you can’t because you’re over your limit?”
Earlier this week, ride-hailing company Uber came clean about a year-old hack that compromised the data of 57 million Uber riders. The information stolen included names, email addresses and mobile phone numbers…

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Now is the time to consider tax loss selling to offset gains, tax experts say

– canadianbusiness.com

OTTAWA _ Thanks to a rally this fall, the Toronto Stock Exchange is up for the year so far, but that doesn’t mean you don’t have any losers in your portfolio.
Now might be the time to cull those picks that haven’t worked out like you had hoped and use them to offset the taxes you owe on your winners, tax experts say.
Jamie Golombek, managing director of tax and estate planning at CIBC, says it has been a great year in the market for many, but that doesn’t mean investors don’t have losing stocks that could be sold.
“If you can do it before the end of the year, you’re going to able to use that capital loss to offset other capital gains that you might have realized earlier this year,” he said.
Even if you don’t have any capital gains this year, taking a loss now can still save you money if you have had capital gains in recent years or expect to have them in the future.
Losses must first be applied to any capital gains you have in the year you incur the loss, but once they have all been offset, the rest of your losses can be either carried back up to three years or saved to offset capital gains in future years…

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How to Handle and Organize SIP Investments in 2017

– investitwisely.com

Most of us leave our investment decision to brokers which also include the SIP investments that we make. The broker comes, tells you a few fund names that you should invest in, tells you the benefits of investing in the fund through sip investments and not lump sum investments and then lures you to buy some.
After this, his task is done. Your money keeps getting debited from your account each month, and the sip investments buy units in mutual funds for you. Tracking how the mutual fund is performing, whether to hold on to the fund or to get out of the fund and which fund to access in the case of an emergency is now all your responsibility.
This has become the fate of most investors today who do not do their own research but blindly believe in someone to help them make their investment choices. The process of SIP investments looks easy, but at the end, till you do not know what you are doing, there is nothing easy in the world. Most of the investors end up buying a number of sip investments which also include some tax saving funds…

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↧

Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler'– The Globe and Mail + MORE Nov 24th

November 24, 2017, 9:07 am

≫ Next: Who Will Be Running Consumer Agency on Monday? It's Unclear – New York Times + MORE Nov 26th

≪ Previous: How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th

TSX getting you down? There are always sound investment alternatives.

Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler' – The Globe and Mail

– news.google.ca

The Globe and MailSaudi Crown Prince calls Iran's Supreme Leader 'the new Hitler'The Globe and MailSaudi Crown Prince Mohammed bin Salman attends the Future Investment Initiative conference in Riyadh, Saudi Arabia, on Oct. 24, 2017. Hamad I Mohammed/REUTERS. DUBAI. Reuters. 4 hours ago November 24, 2017. Saudi Arabia's powerful Crown …Saudi elite start handing over funds in corruption crackdownFinancial TimesSaudi Arabia's crown prince calls Iran's supreme leader 'new Hitler of the Middle East'Fox NewsSaudi Crown Prince Is Beating Trump, Putin And Taylor Swift In Time's Person Of The Year PollNewsweekBBC News -STRATFOR -The Independent -NEWS.com.auall 122 news articles »

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How you’re taxed when selling a business to family

– moneysense.ca

Q: I want to sell our Dairy Queen (DQ) to my oldest daughter. The profit year after year is $56,000.00 to $76,000.00 but sales are about $1.5 million. We do not own the building—we lease it from a large company. We only own the equipment inside and the signage. I would like to sell the DQ to her at fair market value which it’s at right now so that the Canada Revenue Agency (CRA) will not come back later requesting more capital gains tax from me. I assess it to be worth between $340,000 to $360,000. The transfer to my daughter of DQ rights is free from DQ and the equipment is about $189,000. Will the CRA consider that or will there be problems?
—Larry
A: One of the first questions to be considered is whether you are selling shares that qualify for the Lifetime Capital Gains Exemption, or not. The sale of shares to a related party can invoke some very complicated rules, currently under review by the Finance Department. Specifically, Section 84.1 could deem the proceeds to be a dividend rather than a capital gain…

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↧

Who Will Be Running Consumer Agency on Monday? It's Unclear – New York Times + MORE Nov 26th

November 25, 2017, 10:36 pm

≫ Next: Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

≪ Previous: Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler'– The Globe and Mail + MORE Nov 24th

How to go about securing the best return for your investment in Canada.

Who Will Be Running Consumer Agency on Monday? It's Unclear – New York Times

– news.google.ca

New York TimesWho Will Be Running Consumer Agency on Monday? It's UnclearNew York TimesCome Monday morning, who will be running the Consumer Financial Protection Bureau? Over the weekend, the answer wasn't clear. Trump administration officials on Saturday defended the president's legal authority to name his budget director, Mick …Dueling appointments set up a battle between Trump and Elizabeth Warren's favorite government agencyBusiness InsiderWhite House consulted Justice Department before naming CFPB critic to lead agency, administration saysWashington PostWith two appointments, confusion clouds leadership of CFPBABC NewsBloomberg -The Australian -Reuters -NPRall 252 news articles »

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Trudeau says men need to step up to help end violence against women – Globalnews.ca

– news.google.ca

Globalnews.caTrudeau says men need to step up to help end violence against womenGlobalnews.caPrime Minister Justin Trudeau rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Monday, Nov. 20, 2017. The Canadian Press. X. – A A +. Listen. TORONTO – Prime Minister Justin Trudeau says men must do more to put …France to tackle violence on women; Italy grapples with sameThe Denver PostThe Latest: Tense women's march in Turkey ends peacefullyNational PostOn-the-spot fines for catcalling women in FranceThe Australian Financial ReviewJamaica Observer -The Japan Times -Livemint -Fort Wayne Journal Gazetteall 271 news articles »

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Not sure what the best Investment returns in Canada are? Be sure to get the best advice possible – Visit our Investment page for details.

↧

Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

November 22, 2017, 8:08 pm

≫ Next: CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd

≪ Previous: Who Will Be Running Consumer Agency on Monday? It's Unclear – New York Times + MORE Nov 26th

Latest News

CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd

The owner of Comparethemarket.com was considering an IPO on the London Stock Exchange .... More »

Energy sector leads Toronto stock market lower amid falling oil, loonie down + MORE Nov 28th

TORONTO _ A slide in crude oil prices weighed on energy companies on both sides of the border today, as the loonie lost ground. The S&P/TSX composite index fell 65.97 points to 16,042.12, with the oil and gas sector down nearly 2 1/2 per cent. In New York, the Dow Jones industrial average was up.... More »

HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th

Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »

How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th

Tories attack Morneau with allegations over 2015 sale of Morneau Shepell shares + MORE Nov 28th

The Conservatives have opened up a new line of attack against Bill Morneau, accusing the embattled finance minister of selling off stock the week before a policy announcement drove their value down by half a million dollars..... More »

The benefits of using a separate testamentary trust for each child

– moneysense.ca

Continue Reading On moneysense.ca »

Liberals propose billions for affordable housing, including individual benefits

– canadianbusiness.com

Continue Reading On canadianbusiness.com »

Why TransCanada investors haven't benefited from the Keystone approval

– theglobeandmail.com

Investors are seemingly oblivious to what appears to be good news for the stock, but this cautious response looks like an opportunity for anyone willing to make a long-term bet

Continue Reading On theglobeandmail.com »

Simple Personal Finance Rules of Thumb

– myownadvisor.ca

Continue Reading On myownadvisor.ca »

TSX, Wall Street flat ahead of U.S. Thanksgiving, as loonie gains ground

– canadianbusiness.com

Continue Reading On canadianbusiness.com »

Getting a return on your investment within Canada can be tricky – let us help! Visit our Investment page for the latest advice and articles.

↧

CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd

November 23, 2017, 8:36 am

≫ Next: How to Handle and Organize SIP Investments in 2017 + MORE Nov 24th

≪ Previous: Why TransCanada investors haven't benefited from the Keystone approval + MORE Nov 22nd

How to go about securing the best return for your investment in Canada.

Latest News

Saudi Crown Prince calls Iran's Supreme Leader 'the new Hitler' - The Globe and Mail + MORE Nov 24th

CEO Suzanne West vows to pursue greener path after oil firm splits with backers + MORE Nov 25th

CALGARY _ One of the few female CEOs in the Canadian oilpatch says she is looking forward to creating a “clean hydrocarbons” company after she parted ways with the American financial backers of her oil and gas producing firm. Suzanne West said Friday her company, Imaginea Energy Corp., h.... More »

Tories attack Morneau with allegations over 2015 sale of Morneau Shepell shares + MORE Nov 28th

HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th

Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »