To fee or not to fee? That is the question

To fee or not to fee? That is the questionAfter the financial crisis of 2008-09, governments around the world started looking at ways to make the investment business more ethical and transparent to consumers. Some countries are changing the compensation system for financial intermediaries. Instead of allowing product providers to pay commissions to product sellers, they want consumers to pay sellers directly for their services. Embedded commissions are hidden from consumers and represent a conflict of interest that makes…

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Public gets a view into MP expenses

Public gets a view into MP expensesCanadians paid out $5,230 for Stephen Harper’s phone bill last year and $2,295 in postage for Michael Ignatieff. Those are some of the smaller expenses Canadians can browse online now that MPs expenses are posted in full. In total, the prime minister’s expenses came to $281,255.67, compared to Ignatieff’s $570,984.10. The expenses released are what each MP charges the House of Commons through their MPs expenses. Most of Harper’s expenses…

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Pros & Cons of Using a Credit Card-Only Spending System

Pros & Cons of Using a Credit Card-Only Spending SystemWhen it comes to budgeting and spending money we all have our own unique plans. Some of us prefer to track every penny. Some people just go with the flow. Some prefer using cash-only, while others go card-only. I wanted to look at the pros and cons of a card-only spending plan. First well start off by looking at the benefits of a credit card-only (debit and credit) system: More…

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Cars, trucks both down as new vehicle sales drop in August

Cars, trucks both down as new vehicle sales drop in AugustSales of trucks and passenger cars were both down as the number of new motor vehicles sold dropped 4.8 per cent in August. That’s 128,764 new vehicles. Statistics Canada reports preliminary industry data indicate new vehicle sales increased four per cent in September. Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 5.2 per cent to 73,002 in August after four straight monthly…

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The Crisis of Credit Visualized

The Crisis of Credit Visualized[youtube iYhDkZjKBEw] The great financial crisis of 2008 left many asking what exactly happened.   Here is a video that helps explain it in easy to understand terms.  The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.

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Feds warn travellers to be careful in Europe

Feds warn travellers to be careful in EuropeForeign Affairs is warning Canadians to be careful while travelling in Europe amid new terrorist fears there. The department stopped short of issuing a bona fide travel advisory Sunday but did say Canadians should “be aware” of their surroundings, and the department is “closely monitoring” the situation. “Canadians should be aware of their surroundings at all times, monitor local news reports, follow the advice of local authorities, and take appropriate…

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Feds spend $90M over 5 years to protect cyberspace

Feds spend $90M over 5 years to protect cyberspaceThe federal government has launched its cyber-security strategy, which will cost $90 million over five years. Public Safety Minister Vic Toews and Natural Resources Minister Christian Paradis announced the launch Sunday at Ottawa Hydro as part of October’s Cyber Security Awareness Month. “The Internet has become an invaluable tool for Canadian families, businesses and governments,” Toews said. “(But) increasingly cyberspace is being used and exploited by those who do us…

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