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Mutual fund sales plummet into negative territory in tumultuous September

Canadian mutual fund sales slid into negative territory in September, as redemptions outweighed sales during the tumultuous month on stock markets, according to the Investment Funds Institute of Canada. Net redemptions were $205.1 million in September, compared to net sales of $202.3 million in August and $1.33 billion last September. Equity fund sales tumbled sharply, [...]

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Cross-border Shopping – A ‘thorn’ For Canadian Retailers

“Cross-border shopping will remain a thorn in the side of retailers,” the BMO study said. With consumers looking to pay down record high household debts and American retailers luring them over the border with deep discounts, Canadians are likely to spend less at home, a report by BMO Capital Markets predicts. The forecast is based [...]

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Tips and Facts from RBC

WHICH… are the top 5 concerns Canadians have about their finances? 1.    How can I save AND pay down my debt? 2.    Should I have an RSP or a TFSA…or both? 3.    Should I pay down my mortgage, or contribute to my RSP or my TFSA? 4.    How can I pay for my children’s education? [...]

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How To Save While Paying Debts?

Study after study reveals that number one concern of Canadians is “How to save while paying debts?” Our advice to you is pay off your expensive debts first. Pay off as quickly as you can. The value of interest saved from paying off debts is often more valuable than the interest or return earned on [...]

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IS MARKET HEADING NORTH FINALLY?

Stocks generally surged based on the raising optimism on Europe.  Economically sensitive stocks stand to benefit from a rebound in economic activity more so than their defensive counterparts.  Energy stocks lead the way with a gain of 28 per cent. Other sectors that have performed better: consumer discretionary stocks, materials, financials, industrial and technology. The [...]

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Indian Market view & Market Outlook

 1.10.2011 to 15.10.2011 Market declined during the first week of the month on resumption of selling by foreign funds and likely muted to weak second quarter earnings.  Global recession fears and data showing a decline in service sector activity in the month of September 2011 also weighed on sentiment.  Sell-off in banking shares after rating [...]

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Ontarians Pay Highest Auto Insurance Premiums In Canada, Quebec Drivers Pay The Least: Study

Canadians looking to save money on auto insurance should head to Quebec. A new study finds that residents of la Belle Province pay the lowest premiums in the country, at an average of only $642 a year. While Ontarians, right on the other side of the Ottawa River, pay the highest premiums at $1,282 a [...]

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Home Prices: Upward trend continues in GTA

Toronto, October 5, 2011 – Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010. “We have experienced strong [...]

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The Way to GO for Businesses!

The sale of e-books at amazon.com has increased three times the last year and has over taken the print. The sale of digital music has also gone up and all these convey us that the digital market is going up and it is the mantra for the future! Traditional marketing will continue to be used [...]

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Canada’s economy hampered by troubled neighbour

Canada’s economic comfort is suffering at the hands of its troubled southern neighbor. The Bank of Canada on Wednesday stopped raising interest rates at 1 percent, largely because of deteriorating U.S. conditions. That’s a pity — Canada would benefit from rates above inflation. But sluggishness and policy wrangling south of the border sap growth and [...]

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