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News | Globeinvestor | Technology | Vehicles | Careers |
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The Globe and Mail's Smart Money section is dedicated to giving you what you need to manage your personal finances successfully. Smart Money appears every Saturday in The Globe and Mail and on globeinvestor.com.
Risky assets can be found in almost every portfolio, DALE JACKSON writes. Geopolitical uncertainty is a fact of life
North American equity traders barely had time for their coffee to cool on the morning of Oct. 5 when shares of Calgary-based PetroKazakhstan Inc. plunged nearly 5 per cent. Investors were selling on word that the government of Kazakhstan was threatening to halt a $5-billion takeover by China's biggest energy producer.
If they stick to their plan, couple should meet objectives
In Vancouver, a couple we'll call Mark and Ellen are working toward building stable careers in fields in which they have masters degrees.Mark, 32, is a manager in a high-tech company. Ellen, 31, trained in marketing, is a stay-at-home mom who plans to return to full-time work when their six-month-old son is four or five. The family's pretax income -- $95,000 a year -- leaves net income of $5,640 a month for paying bills. It's a substantial sum for most of Canada, but not so much in the roaring housing market in British Columbia's Lower Mainland.
A weekly scorecard of some of the lowest and highest rates and yields across Canada.
MORTGAGESThe lowest rates posted for one, three and five year closed mortgages.1-YEAR CLOSED PACE Savings and Credit Union3.59So-Use Credit Union3.60Ukrainian Credit Union 3.65Ontario Civil Service Credit Un.3.95Comtech Credit Union 3.99Average rate4.84
Income trusts have suffered the perfect storm. Interest rates edged up at the same time that oil and oil securities were weakening and at the same time the trust universe was under attack from the federal government.
My grandfather always had words of wisdom for me.He used to say: ''Tim, if at first you don't succeed, skydiving is not for you.''I think it's interesting that skydiving is a lot like tax evasion. If you do it once and you're successful, you'll want to do it again. And each time you succeed, and reap the personal benefits, you'll try it over and over. But let me tell you, when things go wrong, they can go very wrong.
A weekly examination of the thinking behind a specific trade in the stock, bond or currency markets.When BCE Inc. managed to hire away Telus Mobility president George Cope this week, it seemed the telecommunications giant had scored an important victory over its rival. This week's trade idea tries to put a dollar amount on that victory, and finds a large gap between how much Mr. Cope is worth to Telus and how much he's worth to his new employer.
A selection of the past week's winners and losers
STARSConvergys $15.90 U.S., up $1.89(CVG - NYSE)Too busy to bother with nit-picky issues like human resources and customer service? No worries. Just outsource the jobs to Convergys. Lots of companies are. Profit rose 41 per cent in the third quarter, sending the stock up sharply this week.
