Family Finance News, Stories and Advice | Financial Post
WEB2 days ago — Woman with $3.77 million in investments needs balance between private equity, GICs. 79-year-old's income largely comes from interest earned from savings and PE investments, but that's not the best strategy. with Video. October 19, 2023 Family Finance.
Eric-Nuttall | Financial Post
WEB2 days ago — Eric Nuttall: The world has plunged into a deep, enduring energy crisis that may threaten the economy for years to come. Long before Russian tanks rolled towards Ukraine, the oil and gas industry had culminated into an undersupplied market. with Video. March 28, 2022 Oil & Gas. Stories continue below.
Warren Buffett sells more Bank of America shares | Financial Post
WEB5 days ago — Warren Buffett sold an additional US$982 million of Bank of America Corp. stock as his conglomerate continues to shrink its investment in the second-largest U.S. bank. His Berkshire Hathaway Inc. has trimmed the stake by a total of almost 13 per cent in a series of sales since mid-July, generating US$5.4 billion in proceeds.
Canada Post's financial situation unsustainable | Financial Post
WEB5 days ago — OTTAWA — The chair of Canada Post ‘s board says the organization’s financial situation is unsustainable. Andre Hudon says Canada Post is at a “critical juncture” and significant change is urgently needed to preserve its delivery network. Hudon said the surge in online shopping during the COVID-19 pandemic reshaped the parcel delivery ...
U.S. economy expands at revised 3% rate on resilient consumer
WEB4 days ago — Gross domestic produc t (GDP) rose at a three per cent annualized rate during the April-June period, up from the previous estimate of 2.8 per cent, according to Bureau of Economic Analysis (BEA) figures published Thursday. The economy’s main growth engine — personal spending — advanced 2.9 per cent, versus the prior estimate of 2.3 per cent.
Retirement News, Stories and Advice | Financial Post
WEB3 days ago — August 22, 2023 Retirement. In this reader's case, it makes sense to start collecting CPP right away at age 61. with Video. August 18, 2023 Retirement. For most people, it makes sense to convert enough of your RRSP to a RRIF and claim the pension tax credit. with Video. July 14, 2023 Retirement.
Couche-Tard seeks Canadian pension fund backing for 7-Eleven bid
WEB4 days ago — Alimentation Couche-Tard Inc. is seeking backing from some of Canada’s largest pension funds to support its proposed acquisition of 7-Eleven owner Seven & i Holdings Co., people familiar with the matter said. The retailer is reaching out to funds including Caisse de Depot et Placement du Quebec, Canada Pension Plan Investment …
Samsung interested in Nokia's mobile networks assets
WEB4 days ago — Samsung has expressed initial interest in acquiring some Nokia assets as it seeks to gain scale in the radio access networks that connect mobile phones to telecom infrastructure, the people said. Any potential divestments could also attract interest from other rivals, the people said. Shares of Nokia have gained 24 per cent in Helsinki trading ...
Cocoa extends dip on West African rain forecast | Financial Post
WEB4 days ago — Cocoa futures fell for a third day on forecasts of rain in West Africa, pulling back from a weeklong rally fuelled by concerns over dry weather in key producers Ivory Coast and Ghana. Western Ivory Coast saw moderate to heavy showers on Wednesday, with some light, isolated showers elsewhere, according to a Maxar weather forecast.
Israel war economy wins friends | Financial Post
WEB5 days ago — By Lawrence Solomon. Despite the immense expense of Israel’s war with Gaza — predicted to total US$67 billion by 2025 in military and civilian costs — most segments of the Israeli economy are faring well. The overall economy grew by 2.5 per cent in the first half of this year and is expected to end the year two per cent higher than last.
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