Are You Retirement Ready? Featured Articles

Geopolitics becoming a primary market driver for institutional investors

Martha Porado  | July 18, 2019 Global protectionism appears to be here for the long game. While investors may not want to start playing defence just yet, it might be time to start practicing again. In it’s mid-year outlook, the BlackRock Investment Institute noted risk reduction, including elevating the levels of cash in a portfolio, would be a prudent measure given the muted global outlook for trade. Geopolitical tensions are creating uncertainty at a macro level, with the trade tiffs between the U.S. and China one of the most notable headwinds to growth. Read: Canadian economy not immune to outside forces: report Trade...

Asset manager M&A’s missing key ingredient for success

The financial-services industry has had its fair share of mergers and acquisitions in recent years as cutthroat competition forces widespread consolidation. But if asset managers in Canada fall mirror a global industry trend, they’re making plenty of costly missteps. A newly released report by Casey Quirk revealed that despite the record-setting pace of mergers and acquisitions, the asset-management industry has been saddled with 5% to 8% of legacy duplicate costs, or US$6 billion to US$8 billion annually. The problem, the new report asserts, stems primarily from poor post-merger integration planning and execution. “Asset management executives, reluctant to disrupt talent and...

Bitcoin stumbles as Facebook’s crypto plans draw flak

Bitcoin’s rally has taken a hit as Facebook’s plans to create a viable cryptocurrency ran up against lawmakers. “The price of bitcoin recently slid to about US$9100,” reported The Wall Street Journal, citing cryptocurrency research site CoinDesk. “Before bouncing back later Wednesday, it had lost almost a third of its value after trading above $13,000 a week ago, which was near its high for the year.” The fall in the world’s most popular cryptocurrency coincided with criticisms of Facebook’s ambitious plan to release its own digital coin called Libra with backing from large financial companies including Mastercard and Paypal. Excitement...

World finance leaders raise ‘serious regulatory’ concerns over Facebook’s Libra

Top finance officials from the Group of Seven rich democracies are warning that cryptocurrencies like Facebook’s Libra should not come into use before “serious regulatory and systemic concerns” are addressed. The chairman’s concluding summary from the G-7 meeting in Chantilly, France, says the officials agreed that so-called stablecoins – cryptocurrencies pegged to real currencies – will have to meet “the highest standards” of financial regulation to prevent money laundering or threats to the stability of the banking and financial system. WATCH: U.S. Federal Trade Commission approves $5B Facebook settlement Story continues below The statement says finance ministers including French host...

$22/hr is average wage needed to afford a two-bedroom apartment in Canada: report

If you earn minimum wage and live in Vancouver, you would need to work 112 hours a week to afford a decent two-bedroom apartment, a new study says. According to a new Canadian Centre for Policy Alternatives report, minimum wage earners in most major cities would need to work much longer hours in order to rent an average two-bedroom unit.  Story continues below READ MORE: Housing data reveals ‘growing divergence’ between eastern and western Canada “The rental wage across the country is $22 an hour for a two-bedroom or $20 an hour for a one-bedroom,” report author and economist David...

Tax Deductible Mortgage in Canada

Dumper Market by Sales Analysis 2018-2031

Secondly, development policies and plans are discussed as well as ... price, revenue and gross margin by regions (Canada, U.S.A, and Others), and other ... company profiles covering the product offerings, key financial information, ... Source

Tax Deductible Mortgage in Canada

Minister Morneau Talks Affordability and Middle Class Jobs with G7 Partners

Finance Minister Bill Morneau is in Chantilly, France, for the next two days to meet with his fellow G7 Finance Ministers. At the meeting, he will highlight the progress Canada has achieved to make life more affordable for middle class families — encouraging his G7 colleagues to work together to address emerging challenges that make it harder for people to save money and find good jobs. Source

Canada’s inflation rate falls to 2% in June thanks to gas price drop

Canada’s price picture softened to two per cent last month following a sharp drop in gasoline prices compared to a year ago. Statistics Canada’s annual inflation rate for June came down from 2.4 per cent in May. The result matched the expectations of economists, according to Thomson Reuters Eikon. Consumers paid more last month compared with a year earlier for fresh vegetables, auto insurance and mortgage borrowing costs, while they saw lower price tags for gas, internet services and digital equipment. Story continues below READ MORE: Here’s where the federal parties stand on the carbon tax Leaving out gas prices,...