Banking

Giving money to your grandchildren

Q: A senior couple would like to transfer shares in individual companies to five different grandchildren. All are under ten years old. Some are held through an advisor and some with a discount brokerage firm. What are the pros and the cons? Effect on capital gains? Can the shares be held as right ...

How safe are my retirement savings if the bank fails

(Flickr) I am considering retiring early (at 55) and based on advice from my financial planner, I can rather easily do so, primarily based on our assets, lack of any debt, and my wife’s existing defined benefit pension plan.  He suggests converting my pension and RRSP holdings into a RRIF. My ...

How safe are my retirement savings if the bank fails?

(Flickr) Q: I am considering retiring early (at 55) and based on advice from my financial planner, I can rather easily do so, primarily based on our assets, lack of any debt, and my wife’s existing defined benefit pension plan. He suggests converting my pension and RRSP holdings into a RRIF. ...

Two Canadian bank stock buying strategies that have produced amazing returns

There's a strong case to made for picking individual stocks, based on two simple criteria ...

February 15, 2018

Most central banks cherish their independence; the Bank of Canada is not so defiant: The Bank of Canada is facing a series of emerging risks that could make monetary policy less effective when the next shock hits, deputy governor Lawrence Schembri warned in a speech Thursday to the Manitoba Associa ...

L.PR.B : DBRS Reduces Trend to “Stable”

DBRS has announced that it has: confirmed the ratings of Loblaw Companies Limited (Loblaw) and Shoppers Drug Mart Corporation (guaranteed by Loblaw) at BBB after the announcement that Choice Properties Real Estate Investment Trust (CP REIT; rated BBB by DBRS) has entered into an agreement to acquir ...

Looking to save on taxes? You could lock in an income splitting loan before April 1

Income splitting is one way to lower how much you pay in taxes. Some high-net-worth Canadians take advantage of a prescribed-rate loan to split their investment income with a spouse, common-law partner or their children. But if you want to do this as cost-effectively as possible, time is running ou ...

A guide to having retirement income for life

With 1,100 Canadians reaching the official retirement age of 65 every day, there’s a sea of change occurring in the investment world. The move from wealth accumulation is rapidly moving to its opposite, de-accumulation or “decumulation.” Decumulation is actuary Fred Vettese’s preferred term ...

BCE.PR.C / BCE.PR.D : Convert or Hold?

As previously reported, BCE.PR.C will reset to 4.38% effective 2018-03-01. Prior to the reset announcement, conversion notices were sent to holders of BCE.PR.C and BCE.PR.D. Holders have until 5:00 p.m. (Eastern time) on February 19, 2018 to communicate a desire to exchange to the company (brokerag ...

REGIONAL BANK SPDR EXCEEDS 50-DAY AVERAGE -- LEADERS INCLUDE M&T BANK, BB&T CORP, AND REGIONS FINANCIAL

REGIONAL BANK SPDR CLEARS 50-DAY AVERAGE... One of the simplest ways to determine which stock groups, or individual stocks, are leading the market higher is to look for the ones that are clearing their 50-day moving averages first (or stayed above them). Yesterday's message showed the Consumer Dis ...