KM posts $1.35B income
Kinder Morgan Canada Ltd. is reporting third-quarter net income of $1.35 billion, although most of that is a one-time gain from the sale of its Trans Mountain pipeline and expansion project to the federal government. The energy infrastructure company, which trades on the Toronto Stock Exchange but is 70 per cent owned by Houston-based Kinder […]
Ebay sues Amazon
Ebay filed a lawsuit against Amazon Wednesday, saying the online retail giant used eBay’s messaging system to steal its sellers. In the lawsuit, eBay said Amazon representatives signed up for eBay accounts and messaged sellers to get them to sell their goods on Amazon.com, which eBay said violated its user agreement. According to the complaint, […]
3 Big Reasons To Think Twice About Investing In A Roth IRA
If there’s one tool that financial experts seem to unanimously love, it’s the Roth IRA. It’s often touted as the hands-down best way to save for retirement, even inspiring a full-blown movement to encourage more people to contribute. Is this retirement account really the slam-dunk experts make it out to be? Not exactly. But first, […]
Pay off the mortgage or not: a guide for retirees
Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes. But retiring a mortgage before you retire isn’t always possible. Financial planners recommend creating a Plan B to ensure you don’t wind […]
Which Comes First: Debt Payoff or an Emergency Fund?
Saving up an emergency fund is a well-trodden piece of personal finance advice. Having a cushion in place when things get tough can mean the difference between a catastrophe and a mere setback. But debt repayment can also do wonders for your financial health. And it’s hard to get serious about saving cash when you’re […]
Neighbors of lottery winners are more likely to go bankrupt
With the Mega Millions jackpot at an estimated record high of $868 million ahead of Friday’s drawing, many are dreaming of what they would do with life-changing money. Neighbors of lottery winners may want to mentally prepare themselves, too. They’re more likely to go bankrupt, a 2016 study by the Federal Reserve Bank of Philadelphia […]