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  • 27 Jun 2013 07:47 | Paul Mann (Administrator)
    From gold to real estate investment trusts, energy and utilities, TSX stocks have been hitting rock bottom. BNN's The Street spoke to investment advisors who say they are finding big value in these beaten down stocks, including names like Barrick Gold, Agnico-Eagle, H&R Real Estate Investment Trust, and Imperial Oil. Plus, hear first hand how companies plan to climb back from the bottom with the chief executive of Dundee REIT, and the CEO of Iamgold.Continue reading
  • 27 Jun 2013 07:42 | Paul Mann (Administrator)

    The risk to the Canadian financial system from consumer indebtedness and the heated housing market has abated over the past year but is still present and merits monitoring, a Bank of Canada official said on Wednesday.

    "We are seeing a moderation over the last year in both the buildup of household indebtedness and also the related imbalances in the housing market," said Bank of Canada Deputy Governor Timothy Lane in response to an audience question following a speech in Toronto.

    "At the same time ... that's not to say that the risk has suddenly disappeared, and it's still a risk that we're watching very closely," he said.

  • 26 Jun 2013 07:44 | Paul Mann (Administrator)

    Canada's main stock index stumbled on Wednesday after telecoms stocks suffered deep losses on reports that U.S. giant Verizon Communications Inc (VZ-N 50.66 0.22 0.44%) is looking to enter the market, while gold miners shares were pummeled as bullion prices tumbled.

    Weakness in the two sectors more than offset gains in financial shares after U.S. data helped calm fears of a rollback in economic stimulus programs.

    Revised figures showed U.S. economic growth in the first quarter was slower than first reported, held back by a moderate pace of consumer spending, weak business investment and declining exports.continue reading

  • 26 Mar 2013 22:49 | Paul Mann (Administrator)
    Sales figures for the new BlackBerry smartphone have been a mystery since the device launched nearly two months ago, but the veil will be lifted on Thursday when the company reports its fourth-quarter results.Continue Reading..
  • 24 Mar 2013 18:51 | Paul Mann (Administrator)

    It's easy to dismiss events in Cyprus as yet another hiccup in the never-ending series of European debt crises from which Canada has managed to stay insulated. But despite Cyprus's tiny size, events there are worth paying attention to for troubling reasons we haven't seen before:

    Continue reading

  • 24 Mar 2013 18:44 | Paul Mann (Administrator)
    Are you thinking about buying or starting a business? 

    There’s a lot you should know about what is involved.  Get the details about everything you need to consider - from financing and business planning to marketing and  human resources.Continue Reading
  • 24 Mar 2013 18:35 | Paul Mann (Administrator)

    The great management theorist Peter Drucker once said: “Time is the scarcest resource and unless it is managed nothing else can be managed.”

    It’s critical for entrepreneurs to organize their days to make sure they’re doing the right things at the right time. That takes disciplineundefinedbut the payoff will be less stress and a better managed, more successful company. Continue reading.

  • 22 Dec 2012 10:03 | Paul Mann (Administrator)

    Public sector employees in Canada take nearly five more sick, disability and personal days per year than Canadians working in the private sector, at an annual cost of up to $3.5 billion, says Calling in Sick, a report from the Canadian Federation of Independent Business (CFIB).

    For complete story CLICK HERE.

    With thanks from CFIB

  • 22 Dec 2012 09:53 | Paul Mann (Administrator)

    Remember the commercial where a seemingly middle-aged couple invites all of their friends to a party in celebration of their retirement, complete with a giant cake and choreography? Well, unless you’re part of the public sector, which represents 20% of the Canadian workforce, this is not your reality.

    The facts:

    • Public sector pay: already paid $19 billion more every year than if they were paid at private sector norms.
    • Federal public servants: pay only about 37% of their pension costsundefinedtaxpayers pay the rest. Estimates show these are underfunded by between $150 and $230 billion. (There are billions more in unfunded liabilities at the provincial and local level as well as other public sector institutions.)
    • Early retirement: full pensions and extended benefits only exist in the public sector. Many civil servants can retire at 55. Governments even top up CPP/QPP for those retiring early.
    • Mandatory hike in CPP/QPP premiums: union leaders want to double these by hiking premiums by 60% for employees and employers. This tax increase will kill jobs. If benefits double, all employees and employers would pay an additional $1,300 per year each. Small business owners and the self-employed would pay $2,600 each!
    • What a hike would mean for you: while the idea of increased CPP benefits sounds great, what isn’t mentioned is that this benefit wouldn’t take effect for 40 years! (Even the unions admit it.)

    Are you part of the public sector workforce? Your retirement may not be as secure as you think:

    • As most government pensions have massive shortfalls, are you certain that benefits won’t be cut when you retire?
    • Retired civil servants in Europe and the US are actually having their pensions cut – as much as 50%.

    How We Can Fix This Problem

    First, fix pensions for politicians, especially MPs. While civil service pensions are often "gold" plated, MPs’ pensions are "platinum" plated.

    Fully disclose public pension liabilities at all levels of government with the same methodology every year. Right now, the total bill is unknown.

    Enroll all new hires in the public sector in reasonable defined contribution plans. This already exists for most civil servants in Saskatchewan.

    Ensure all civil servants pay 50% of their full pension costs. This already exists in most provincial plans.

    Phase out early retirement for public sector workers. The number of working years should be the same as the private sector. Eliminate top-up of CPP for public sector workers who choose to retire before 65.

    Note- reproduced from various Sources

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