finance department Archives

Can Sheila, a recent empty nester with four kids, retire comfortably when she turns 62?

04/09/2024 by Jerry

Sheila’s retirement spending target after the mortgage on her home is paid off is $80,000 a year after tax.Christopher Katsarov/The Globe and Mail Sheila is single, almost 56 years old and a recent empty nester, with four kids in postsecondary school or living on their own, she writes in an e-mail. “I’m thinking about retirement ... Read More

Lowest fixed and variable mortgage rates in Canada for May 5 2023

12/05/2023 by Jerry

Open this photo in gallery: A look at the lowest available mortgage rates on fixed and variable terms and HELOCs this weekMatt Rourke/The Associated Press Insured borrowers still get the best deals The gap between default-insured and uninsured mortgage rates just keeps getting wider, at least for the terms people want most. Take two-year fixed-rate ... Read More

BC Securities Commission bans lawyers over role in fraud

12/04/2023 by Jerry

BC’s securities regulator has permanently banned a Vancouver lawyer from the financial markets after he was convicted in a US court for his role in a US$34-million fraud. In 2018, the US Securities and Exchange Commission accused Faiyaz A. Dean of engaging in a “fraudulent scheme to effect illegal, unregistered sales of and manipulating the ... Read More

Bloomberg unveils finance-focused AI model Bloomberg GPT

06/04/2023 by Jerry

SlateStone Wealth chief market strategist Kenny Polcari discusses when the Fed could cut rates and if it’s too early to invest in AI on ‘Varney & Co.’ Bloomberg, a leading financial data services provider, this week unveiled a new artificial intelligence (AI) model that aims to revolutionize the finance industry in the same way programs ... Read More

US Life Span Falling Behind Our Peer Countries

07/03/2023 by Jerry

March 6, 2023 · 7:29 AM From NPR: The average life expectancy for Americans is shortened by over seven months [in 2021]according to new data from the Centers for Disease Control and Prevention. That decrease follows an already big decline of 1.8 years in 2020. As a result, the expected life span of someone born ... Read More

Euthanasia Soon to Be A Leading Cause of Death in Canada?

20/02/2023 by Jerry

February 7, 2023 · 7:00 AM From DailyMail: Last year, more than 10,000 people in Canada – surprisingly that’s over three percent of all deaths there – ended their lives via euthanasia, an increase of a third in the previous year. And it’s likely to keep rising: next year, Canada is set to allow people ... Read More