Tags » Managing Wealth

Nearly one in six Canadians could not handle $500 increase in mortgage payment

OTTAWA — Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests. 466 more words

Personal Finance

This Chinese billionaire lost 84% of his fortune this year thanks to volatile markets

The Chinese billionaire using his personal fortune to help fund a US$50-billion Nicaraguan challenger to the Panama Canal has crashed into the bitter reality of equity markets in the world’s second-largest economy. 690 more words

Managing Wealth

Optimizing your CPP is no trivial exercise

Canadians can opt to take CPP benefits anytime between age 60 and 70. It’s well known that the later you commence benefits, the higher the annual benefits: wait till 70 and you’ll get almost double the amount you’d get at age 60. 747 more words

Managing Wealth

Where you can play hockey with Wayne Gretzky: Fantasy camps capture hearts and dollars of retirees

NEW YORK — Rey Moré was on stage at Foxwoods Casino in Connecticut, playing the memorable opening of The Who’s famous hit “Baba O’Riley,” when lead singer Roger Daltrey looked over at him, and started screaming the opening verse: 666 more words


Investment industry associations push Ontario to regulate all financial planners

TORONTO Two influential investment industry associations have called on the Ontario government to pass legislation that would regulate and accredit everyone who bills themselves as “financial planners.” 638 more words

FP Street

Talking about money is never easy, and those discussions can become even more complicated when it revolves around distributing, or even preserving, your life savings after you’re gone. 608 more words

Managing Wealth

Canadians still piling on household debt, but at a slower pace: Equifax

TORONTO — Canadians are still adding to household debt, but at a slower pace than earlier in the year, according to a new study from Equifax. 116 more words