Canada’s economic recovery stalls in April

Canada's economic recovery stalls in AprilCanada’s economy stalled in April on a slide in retail sales, suggesting the pace of growth is slowing and that the central bank may think twice about raising interest rates again this month. Statistics Canada said on Wednesday real gross domestic product was flat in the month after seven straight months of expansion and the fastest growth in a decade in the first quarter. The Canadian dollar sagged after the…

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Ignatieff will lose his “leadership” before the year is out

Ignatieff will lose his Michael Ignatieff stated the other day that Canada should remain in Afghanistan beyond the planned 2011 pull-out. Michael Ignatieff has revealed the Liberals’ position for Canada’s mission in Afghanistan post-2011, calling for Canadians to commit to training police and military personnel.  Mr. Ignatieff is suggesting that Canadians remain for another three years after the military mission ends in July, 2011 The current plan is that Canada starting pulling out by…

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The Lottery and your retirement

The Lottery and your retirementDon’t be one of the boneheads counting on the lottery to retire. Here’s why: Your chances of retiring?  Pretty close to 100% (unless, fate forbid, you die before you retire).  Your chances of winning the Lotto Max?  1 in about 29 million.  (Mathematically it’s closer to 1 in 86 million, but because the way the tickets work it’s about 1 in 29 million.)  1 in 29 million is 0.0000034483%. So,…

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Stephen Harper is to blame for the G20 Problems

Stephen Harper is to blame for the G20 ProblemsThis story isn’t about black clad idiots who get off on creating havoc and mayhem. It isn’t about police who view their fellow citizens as terrorists and threats instead of neighbours and friends. This story isn’t about the violation of our rights and freedoms, nor is about the success or failure of the meetings happening inside the fence. This story is about the arrogance and ignorance of our Prime Minister….

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Raw Video: G20 Protests Heat Up!

Raw Video: G20 Protests Heat Up!Reports say black-clad demonstrators broke off from a crowd of peaceful protesters at the G20 summit in Toronto, torching a police cruiser in the financial district and smashing windows with baseball bats and hammers.

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5 Tips for Getting Back on the Credit Card Ladder

5 Tips for Getting Back on the Credit Card LadderYou don’t really appreciate what everyone means by ‘credit crunch’ until you actually get rejected for a credit card or loan that you thought you were good for. The current economic crisis means that lenders are getting tighter and more exclusive about who they approve. The so-called ’subprime’ group of consumers, ie those who are not able to get the market leading credit cards and loans, is expanding more and…

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Are Taxes In Canada Really That High?

Are Taxes In Canada Really That High?A Press release by Fraser Institute showed the total tax bill of the average Canadian family has increased by 1,624 per cent since 1961, while expenditures on housing increased by 1,198 per cent, food by 559 per cent and clothing by 526 per cent from 1961 to 2009. The report was widely distributed by several media outlets including this one in the Calgary Herald. There’s no question that we pay…

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5 Canadian Portfolio Managers You Should Follow

5 Canadian Portfolio Managers You Should FollowWhen it comes to the capital markets, information overload is a very distinct reality for most people, including ourselves. From countless websites and blogs dedicated to stocks, options, mutual funds, hedge funds, personal finance etc. etc. to print media and television, how can one not be inundated with too much information? We would liken this predicament to a fairly prevalent movie scene, where prosecutors demand the surrender of documents from…

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Investor Sentiment Declines In Canada

Investor Sentiment Declines In CanadaAccording to a national poll released today for Manulife Financial that measured how Canadians say they felt about investing in 11 different categories and vehicles, the survey recorded declines in all categories and vehicles, showing the largest quarterly drop for stocks, which fell back 15 points, coming to rest at 3 after a 23 point jump in March. The overall Manulife Investment Sentiment Index declined eight points in June to…

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