By Fund Library News Wire | Friday, February 23, 2018
By Mike Keerma
* Stocks post second straight week of gains. * Vanguard plans actively-managed mutual funds.
* Stocks post second straight week of gains.
North America’s big market indices again made gains on the week, continuing
their retracement from steep losses suffered at the beginning of the month.
Sentiment was buoyed by the U.S. Federal Reserve Board’s semi-annual report
to Congress, which forecast continuing improvement in the U.S. economy with
inflation continuing to hover near the Fed’s 2% target rate, but did not
indicate further aggressive monetary policy tightening. The
S&P 500 Composite Index posted its second straight weekly gain, rising 0.6%, while the
Nasdaq Composite Index advanced 1.4%. Toronto’s
S&P/TSX Composite Index rallied on Friday, supporting a 1.2% advance for the week, boosted by a
3.5% weekly gain in the energy index as
crude oil rose 3.1% on the week.
Gold retreated 1.6% on the week. Investors largely shrugged off the 0.5%
seasonally-adjusted monthly increase in Canada’s January inflation rate
When you are thinking about what to include in your will, your thoughts
tend to focus on who gets what and who will take care of your kids.
It’s also possible that you would tend to worry about ensuring there is
enough left over for your family members once the taxman gets his piece
of the pie. If so, then maybe you should also think about how to keep
that piece as small as possible by properly planning your will in a
tax-efficient manner. Here are some of my favorite strategies.
Looking back over the past 10 years, the
CI Black Creek Global Leaders Fund has certainly lived up to its name as a leader in the Global Equity
category. With a 10-year average annual compounded rate of return of 10.5%
as of Jan. 31, it has handily outpaced the MSCI World Index, and left most
of its peer group in the dust. The outperformance gives it a current
FundGrade A grade for January.
Filing a tax return is the first, and often most important, financial
transaction of the year for millions of Canadians. What’s different in
2018? For starters, the government is hanging on to early filers’ refunds
longer than ever. With last year’s average tax refund clocking in at just
over $1,735, that’s a big deposit that cash-strapped Canadians don’t have
for their RRSP or TFSA deposit.