OSC issues warning about BitConnect

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 19, 2018

The Ontario Securities Commission (OSC) has issued a warning to investors about BitConnect, which manages the websites bitconnect.co and bitconnectcoin.co, “where it claims to operate an online exchange... Continue reading

Earth Day is on Sunday, April 22, 2018

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 19, 2018

Once upon a time, many investors believed you had to trade returns for environmental responsibility.  Today, environmental impact is just one more risk that professional portfolio managers take into consideration... Continue reading

Federal government launches expert panel on sustainable finance

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 13, 2018

The federal government has announced the creation of an Expert Panel on Sustainable Finance, to be chaired by Tiff Macklem, Dean of the University of Toronto's Rotman School of Management and former Senior... Continue reading

Economic optimism declines

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 12, 2018

Optimism about the Canadian economy has dropped significantly amid views that the country is becoming less competitive, according to a survey of business leaders released April 10 by the Chartered Professional... Continue reading

Tax concerns leading a record number of American ex-pats to renounce citizenship

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 07, 2018

A record number of American expats are renouncing their U.S. citizenship, citing the high costs for annual tax filing, the risk of double taxation and potentially expensive estate taxes that can put money... Continue reading

Automation to impact half of jobs in the next decade, says RBC study

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 07, 2018

New research by RBC says that 50 per cent of Canadian jobs will be disrupted by automation in the next 10 years. The RBC research paper, Humans Wanted – How Canadian youth can thrive in the age of disruption... Continue reading

Proposed national annuity plan could ensure seniors don’t run out of money

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 04, 2018

A new idea is being floated for a voluntary, national program that would see Canadians aged around 65 start to contribute to a pooled deferred annuity plan, providing them with a type of longevity insurance... Continue reading

Businesses remain bullish on trade and NAFTA

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 04, 2018

Business leaders in the United States, Canada and Mexico are still positive about the North American Free Trade Agreement (NAFTA) and its impact on their firms, according to a newly released report from HSBC Navigator:... Continue reading

Canadian economic growth is slowing down

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 04, 2018

The Canadian economy experienced strong growth in 2017, but the pace of growth tapered off toward the end of the year. This slowdown is expected to continue in 2018 with the economy forecast to expand... Continue reading

Banking sales culture may increase risk of “mis-selling” to consumers, says FCAC

Published by Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. on Apr 04, 2018

The Financial Consumer Agency of Canada (FCAC) has published a report saying bank cultures strongly anchored in sales can increase the risks of mis-selling to consumers and of bank employees breaching... Continue reading