How to Survive the ‘Retirement Red Zone’
It’s no surprise the term “Retirement Red Zone,” coined by Prudential a few years ago, caught on so well with financial professionals and the public. Americans love sports. And we love metaphors. This one perfectly describes those critical years just before and after retirement, when savings are the most at risk. In football, the red […]
The big money mistake women make
“Being financially literate is not a luxury; it is an obligation to yourself and your family,” says Jill Faherty Lloyd of Evercore Wealth Management. On average, women outlive men by about 5 years. Lloyd, who manages money for high net worth individuals and small business owners, says that women often become the financial decision makers […]
Trans Mtn recommendations
The National Energy Board has endorsed an expansion of the Trans Mountain pipeline. If approved by Ottawa, the regulator says it will impose 156 conditions on the project. It has also made 16 new recommendations for the federal government. Develop a plan to assess the effects on the Salish Sea and a long-term strategy to […]
Stock markets rebound
Major North American indices rebounded today after closing in the red the day before. The S&P/TSX composite index gained 12.15 points to 16,031.01. In New York, the Dow Jones industrial average moved up 181.18 points to 26,031.81. The S&P 500 index rose 17.79 points to 2,792.67, while the Nasdaq composite advanced 67.84 points to 7,527.54. […]
Royal Bank hikes dividend
Royal Bank of Canada raised its dividend as it reported quarterly net income of $3.17 billion, up five per cent from a year ago, matching street expectations as market volatility during the period weighed on its earnings. The Toronto-based lender hiked its quarterly payment to common shareholders by four cents to $1.02 per share. The […]
Auto parts company Magna International reports $456M Q4 profit
Magna earned a profit of $559 million or $1.54 per share in the same quarter last year The head of Magna International Inc., says U.S. tariffs on Canadian steel and aluminum continue to dent the auto parts maker, but suggested U.S. President Donald Trump’s move to rev up production lines on U.S. soil could give […]