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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.
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Income trusts have had the upper hand, but stock dividends have come on strong thanks to Ottawa, ROB CARRICK writes
It's time for a rematch in the battle between dividend stocks and income trusts for the allegiance of investors seeking income.Trusts have had the upper hand with seniors and other income investors because they offer the highest yields around. But dividend stocks have come on strong thanks to the federal government's announcement that it will lighten the tax load on dividends paid by public corporations starting in 2006.
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Learns slow, steady investing approach, TONY MARTIN finds
Beyond playing a central role at christenings, a key role of godparents in many families is as generous providers of gifts for the lucky godchild. But silverware and crystal wine glasses aren't what come to mind for Jacqueline Bohez when she sings the praises of her godfather. Instead, it's a gift that keeps on giving, namely investment smarts.
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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 Union3.90So-Use Credit Union3.95Comtech Credit Union 3.99Ont. Civil Service Credit Un.4.15ICICI Bank Canada4.30Average rate5.08
Friday evening I joined two mutual fund managers for a glass of ale at the Dreg. As I chatted with the barmaid about her childhood and views, the two thumbed their BlackBerrys to keep current.
This past summer, my good friend Cary and I went on our annual camping trip to Algonquin park. On the first night, we pitched our new high-tech tent under the stars. In the middle of the night, I woke Cary up.
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A selection of the past week's winners and losers
STARS Dofasco Inc. As Arcelor SA's entry point to the struggling North American auto market, Dofasco holds the key to the last available room in the roach motel. It's the great Canadian success story: You work hard for years, and if you're really lucky, you get bought up by a foreign giant.
A weekly examination of the thinking behind a specific trade in the stock, bond or currency markets.Brace yourself, the income trust strategy onslaught is here.After Finance Minister Ralph Goodale announced Wednesday that Ottawa will not be taxing income trusts, and will be lowering taxes on dividends, a host of analysts have issued research reports outlining how Canadians can benefit from the decision.