SNC shares plummet
Shares of SNC-Lavalin Inc. plummeted to the lowest level in nearly 15 years Tuesday in reaction to its largest shareholder, the Caisse de depot et placement du Quebec, warning that the embattled engineering firm had to move to emergency mode to improve its project execution. The Montreal-based company’s shares fell to a low of $16.10 […]
Electric car sales charged up
Transport Canada data shows more than 14,000 electric vehicles were purchased nationwide during the first three months of the federal government’s new rebate program. On May 1, Ottawa began offering rebates of up to $5,000 on the purchase of some electric vehicles. The rebate is intended to bring the price of zero-emission vehicles closer to […]
Stanford analyzed 292 retirement strategies to determine the best one—here’s how it works
In 2017, the Stanford Center on Longevity analyzed 292 different retirement income strategies and determined the best way for most people to withdraw their savings. It’s called the “spend safely in retirement strategy” (SSiRS) and involves two basic components: delaying Social Security benefits and creating an “automatic retirement paycheck.” In a new 2019 report, “Viability of the Spend Safely in Retirement […]
Don’t Forget About Taxes on Microinvesting Earnings
Ads for apps like Stash, Acorns and Robinhood make it look easy to start investing with just a few dollars. But microinvesting newbies should be aware that using these apps to try to make a few extra bucks could leave you with some extra paperwork come tax season. Dealing with taxes for your likely-modest microinvesting […]
You’d save more for retirement if only you had this
The math behind saving for retirement can be tricky, but so are the rules tied to investment accounts. If savers had a bit more context around the different types of savings vehicles, they might be better equipped to do so, a new study found. Researchers from HEC Montreal, a business school in Canada, analyzed individuals’ […]
Retirement savings: What you should do when the market plummets
Saving for retirement Opens a New Window. is a challenge for many Americans – and down days on Wall Street Opens a New Window. can add to panic and frustration among investors. U.S. stocks, for example, fell precipitously on Monday – experiencing their worst drop of 2019 – amid an ongoing trade war with China. […]