Divesting from U.S. gun industry is not so easy if you pay into Canada Pension Plan
Companies that make assault rifles, handguns, bullets among CPP investments Canadians who want to steer clear of investing in gun companies are out of luck if they pay into the Canada Pension Plan. CPP owns shares in American firearm manufacturers, including the parent company of handgun manufacturer Smith & Wesson, assault rifle maker Ruger and […]
Air Canada complains to transport regulator about Onex takeover of WestJet
Air Canada claims buyout would break foreign ownership rules Air Canada has filed a challenge with the country’s transport regulator over WestJet Airlines Ltd.’s acquisition by Onex Corp. Canada’s biggest airline argues the $3.5-billion takeover would breach federal rules that limit foreign ownership of carriers. Toronto-based Onex entered into an agreement in May to pay […]
Here’s how the financial markets typically do in September: It’s not pretty
Stocks could be in for a rough time in September if history is any indication. The Dow Jones Industrial Average has averaged a loss of 0.75% in September over the past 30 years, CNBC analysis using Kensho shows. In fact, the 30-stock average trades positive just 47% of the time in September. The S&P 500 […]
This Is the Age When Most People Start Saving for Retirement
Saving for retirement is a lifelong process. One-third of Americans think they’ll need between $1 million and $3 million saved to retire comfortably, according to a report from Charles Schwab, and saving that much cash takes decades of hard work. But when you’re young and just starting your career, retirement is likely the last thing […]
Nearly 20% of Americans are making a ‘huge mistake’ with their retirement savings
Nearly one in five Americans don’t contribute enough to their employee-sponsored 401(k) plans to earn the company match, according to a new survey by MagnifyMoney. That means they’re missing out on “free money.” “That’s your company literally saying: ‘Hey, here’s some free money, do you want to take it?’” financial expert Ramit Sethi tells CNBC […]
Learn How Your Investments Might Perform Based on Your Ratio of Stocks to Bonds
When markets get volatile, people start wondering whether they should sell their stocks or move more of their money into bonds. Before you make your next investment decision, it’s worth looking at how different ratios of stocks to bonds have performed over time—understanding, of course, that oft-repeated investing phrase: “past performance is no guarantee of […]