How Investors Should Handle Cold Stocks in Canada’s Hot Economy

How Investors Should Handle Cold Stocks in Canada's Hot EconomyThe world’s fastest-growing developed economy has the worst-performing stock market, creating buying opportunities especially for investors in Canada’s financial sector. The S&P/TSX Composite Index is down 2.2 per cent from April to June, set for its first quarterly drop since 2015 and the steepest decline among 24 advanced markets tracked by Bloomberg. Year-to-date, its 0.5 per cent dip compares with returns of 8.1 per cent for the S&P 500, 8.1…

Read More >>

It was a bloodbath! – Oil drags down the TSX in a big way

It was a bloodbath! - Oil drags down the TSX in a big wayCanada’s main stock index slumped on Wednesday to its lowest close in six months as energy stocks were hit by a sharp retreat in the price of oil and loyalty program company Aimia fell sharply after suspending its dividend payments. The energy group fell 3.9 percent as oil prices moved lower by a similar degree, hit by an unexpected large buildup in gasoline inventories and an international outlook that suggests…

Read More >>

Why it’s Time for Canada’s Financial Industry to Put the Customer First

Why it's Time for Canada's Financial Industry to Put the Customer FirstScrutiny of the financial industry has been on the rise in recent months, fuelled in part by CBC News reports alleging unscrupulous practices at Canada’s big banks. The CBC’s findings may not have been surprising to insiders, who have been witness to the industry’s indiscretions for years. What is surprising is the government’s continued hesitation to force advisers to do what is right — to act in clients’ and customers’…

Read More >>

You Can Earn $50K in Tax-Free Dividends But There’s A Catch

You Can Earn $50K in Tax-Free Dividends But There's A CatchWhile early retirement may be a pipe dream for most of us, every once in a while I hear from readers who have pulled it off and are living almost tax-free on dividend income alone. An example is Torontonian Phil McKinley, who retired in his early 40s a couple of years ago and has been living on his non-registered dividend income tax-free. While McKinley is reluctant to divulge his full…

Read More >>

Stop Wasting Money

Stop Wasting MoneyIt is a universal element of the human condition that we seek out individuals who are similar to ourselves. People who share our values, traditions, culture, religious beliefs, political leanings, and even entertainment preferences. The upside of this type of behaviour is that we tend to lead more enjoyable lives and feel more fulfilled because we are surrounded by others who validate our existence. The downside is that we lead…

Read More >>

How to Plan for a Potential Hike in the Capital Gains Inclusion Rate

How to Plan for a Potential Hike in the Capital Gains Inclusion RateWith the federal budget now set for March 22, 2017, investors with significant accrued capital gains in their securities portfolios are wondering whether a hike to the capital gains inclusion rate could be in the cards on budget day and, if so, is there anything they can do it about now. Of course, investors need only be concerned with capital gains taxes if they hold appreciated investments in non-registered accounts….

Read More >>

5 Steps To Take To Jump-Start Your Financial Success

5 Steps To Take To Jump-Start Your Financial SuccessLacey Hamilton hopes to attend the 2018 Winter Olympics in Pyeongchang, South Korea to cheer on the Canadian athletes. To save for the trip, the 22-year-old Mississauga resident drops spare change and $5 bills into a 0.9-litre mason jar that she empties into a savings account when it becomes full. “I live on a cash diet as much as possible,” she says. “I find that’s the best way for me…

Read More >>

2017 – An Investing Year of Few Certainties and Plenty of Potential Risk

2017 - An Investing Year of Few Certainties and Plenty of Potential RiskThe incoming leader of the world’s biggest economy has no experience running a government and appears to have a shaky grasp of geopolitics. He is intent on cosying up to Russia, has pledged to rip up trade deals, is prone to ill-timed Tweets and muses openly about boosting his country’s nuclear arsenal. The bloc that forms the world’s second-largest economic entity, meanwhile, is going through an existential crisis. One of…

Read More >>

The TFSA Cap will Stay at $5,500 for 2017

The TFSA Cap will Stay at $5,500 for 2017The annual TFSA dollar limit will remain frozen at $5,500 for 2017 and, in fact, may be stuck at that level until at least 2019, as a result of years of low inflation and the unusual rounding mechanism built into the TFSA limit. This week, the Canada Revenue Agency announced the inflation rate — 1.4 per cent — that will be used to index various personal income tax and benefit…

Read More >>

Why Even a Crystal Ball is No Guarantee

Why Even a Crystal Ball is No GuaranteeA great deal of investment analysts’ time is spent trying to predict the future. How will the new iPhone sell? How many new automobiles will be sold in Europe next year?  What will next week’s employment numbers look like? Who will win the next election? And what will the Fed do about interest rates in the coming quarters? These questions are important to these analysts not because of the answers…

Read More >>