$245M loss at Encana
Encana Corp. shares rose sharply and then fell in early trading on the Toronto Stock Exchange on Tuesday after it reported first-quarter production and financial results that missed analyst expectations. The Calgary-based oil and gas producer closed the all-shares acquisition of U.S. rival Newfield Exploration Co. in mid-February, thus gaining a new core operating area […]
Economy contracting?
Statistics Canada says the economy contracted in February after showing strong growth in January. The agency says gross domestic product pulled back 0.1 per cent in February as both goods-producing and services-producing industries declined. Growth in January was 0.3 per cent. Economists had expected no change in gross domestic product for February, according to Thomson […]
Chase’s controversial tweet about making coffee at home is actually good advice
Yesterday, JP Morgan Chase sparked Twitter rage when it tweeted (since deleted) the question: “why is my balance so low” and responded that people should be more mindful with their spending, by cutting out coffee, dining out, and short taxi rides. Chase may not be the best messenger, since its history of charging high fees […]
Early-Retirement Regrets: What You Shouldn’t Do If You Want to Retire Early
To those of us still working the 9-to-5, stories of people who retire in their 40s or even younger can read like a hero’s journey of mythic proportions. But getting to that dream goal isn’t without its all-too-human regrets. Learning what mistakes early retirees made on their path to retirement can help the rest of […]
The key 2020 tax step you should take now
Now that tax Opens a New Window. filing season has ended for most Americans, there is one step many might want to consider taking to prepare Opens a New Window. for next April. This year was the first filing under the Tax Cuts and Jobs Act, which – along with new withholding tables – left […]
This one investment move can give you lifetime yearly income in retirement
The investment business is full of theories and recommendations about how to accumulate wealth. But the field has very little to say about the best ways to decumulate, or spend down wealth. This is an astonishing oversight, considering that the period over which wealth decumulation occurs is often as long as that of accumulation. If […]