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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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Investment industry is riding a wave of excellent returns, even better sales, ROB CARRICK writes
Another year, another display of raw power by mutual funds that provide income using dividend stocks, income trusts, bonds and such.Income funds produced excellent returns in 2005, and sales that were beyond excellent. No wonder the investment industry has been like an assembly line in churning out new products in this category. Let's catch up with some of them.
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Maritime couple find that two mortgages and the good life incompatible with goals
In the Maritimes, a couple we'll call Jack and Robert are struggling. Robert, 46, has a chronic illness while Jack, 32, shares their home and contributes about half of their $123,000 annual gross income.
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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 Union3.93Ukrainian Credit Union3.94Comtech Credit Union 3.99Ontario Civil Service Credit Un.4.15So-Use Credit Union4.20Average rate5.31
Good corporate governance is often highly overrated. I am looking for companies run by smart people. I am looking for companies in good businesses. I am looking for undervalued companies. I am looking for companies in good financial position. I am looking for highly profitable companies.
Last week I visited the drugstore to pick up a few things. I overheard a customer talking to the pharmacist on duty.''You're sure this one bottle will cure me?'' the customer asked.
A weekly examination of the thinking behind a specific trade in the stock, bond or currency markets.Late last year, when just about every investor was looking for ways to play the hurricane reconstruction efforts in the United States, Citigroup Inc. went sour on the construction equipment sector, downgrading a handful of stocks. Now, with many of last year's supply-chain problems fixed, Citigroup analysts are turning bullish once more.
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A selection of the past week's winners and losers
DOGSLoblaw If the guy who founded Loblaw was named Bob, imagine the hilarity when he introduced himself at dinner parties. Loblaw's profit warning was outrageously funny stuff, too, as the supermarket operator's stock went splat like a rotten cantaloupe.