10 Second Headlines

Feb. 14, 2020

CANADA’S RAIL STRIKE CN Rail has temporarily shut down parts of its network as anti-pipeline protestors are blocking the railways. Over 400 trains have been cancelled this week. Impact of the stoppage is compounding… Read More

Feb. 7, 2020

NORTH AMERICAN EMPLOYMENT DATA CANADA: added 35,000 jobs (all full time) in January; unemployment rate 5.5% vs 5.4% in December, led by Quebec and Manitoba. Alberta lost 18,900 jobs (mostly part-time); unemployment rate 7.3% vs… Read More

Jan. 31, 2019

2020 FEDERAL BUDGET – What could be in it? Liberals have a minority government and will need the support of another party. Increased basic exemptions from $12,298 to $13,229 in 2020 and gradually increase… Read More

Jan. 24, 2020

BANK OF CANADA DOWNGRADES ECONOMIC OUTLOOK 2019 Q4 GDP growth expectations reduced to 0.3% due to strikes, pipeline shutdowns, weather and inventory adjustments. 2020 Q1 expected at 1.3%. Job creation has slowed Indication of… Read More

Jan. 17, 2020

2020 KEY DATES AND INFORMATION RRSP contributions: last day for contributions is March 2, 2020 2019 Maximum contribution: $26,500 2020 Maximum contribution: $27,230 TFSA contributions: maximum contribution is $6,000 2020 Maximum lifetime contribution: $69,500… Read More

Jan. 10, 2020

CANADIAN EMPLOYMENT – A STRONG 2019 Canada added 35,200 jobs in December vs 25,000 expected. Unemployment rate 5.6% vs 5.9% in November 57,000 employees were added in the private sector and 22,000 jobs lost… Read More

Jan. 3, 2020

A LOOK AT MARKET RETURNS SINCE 2017, ANNUAL AND 3 YEAR AVERAGE NASDAQ: 2017 = 28.24%; 2018 = -3.88%; 2019 = 35.23%: 3-year average = 22.23% S&P500: 2017 = 19.42%; 2018 = -6.24%; 2019 = 28.88%:… Read More

Dec. 20, 2019

WISHING YOU A VERY HAPPY HOLIDAY SEASON! 10 SECOND HEADLINES WILL RETURN ON JANUARY 3, 2020 TUNE UP YOUR FINANCIAL PLAN Here are 4 ways to give your financial plan a tune up in… Read More

Dec. 13, 2019

CANADA Finance Minister Bill Morneau announced his plan to gradually increase the basic personal income tax deduction by about 20% over the next 4 years. The basic personal income tax deduction will be phased… Read More

Dec. 6, 2019

NORTH AMERICA’S JOBS Canada: After holding steady in Oct. employment fell by 71,200 (forecast +10,000). Unemployment rate increased to 5.9% from 5.5%. Quebec lost 45,000 jobs and Alberta lost 18,000. Unemployment in AB rose… Read More