By Fund Library News Wire | Friday, August 29, 2014
Canadian and U.S. stock markets closed higher on both the week and the month overall, as positive economic data boosted investor sentiment in North American markets, trumping growing geopolitical tensions in the Ukraine and the Middle East. In fact, the S&P 500 Composite Index passed a milestone, closing Friday at a record high 2,003.35, while Toronto’s S&P/TSX Composite Index finished the month with a record high close of 15,625.73.
Q – I’m married, with two young children, and my husband and I are both medical professionals with growing practices. I’ve seen first-hand what can happen to people who have insufficient medical insurance coverage. We have extended healthcare insurance through our professional practice, and I’m considering adding critical illness insurance as well. But I’ve read conflicting opinions about the value of this. Do you have any advice? – Angela T., Calgary, Alberta
You’re going shopping for insurance. But whom do you buy from? The choices are bewildering. There are brokers and agents and underwriters. Some are “captive” employees of a single company, others are independent (sort of). Most have to be licensed by the government. But some don’t, and can still sell you an insurance policy. To help clear up some of the fog, and help you make the right choices, I’ve prepared this consumer’s buying guide to insurance product providers and their services.
The managers at Trimark Canadian Opportunity Class use the famously disciplined Trimark approach with a bottom-up, fundamentally-driven stock selection process. That’s paid off for this 13-year-old fund, which posted a benchmark-beating first-quartile 5-year average return of 11.6% as of July 31. Can they keep the momentum?
The Canada Revenue Agency is acting to shore up compliance for small business owners. Both tax practitioners and their clients will be engaged in a “Get it Right the First Time” initiative, which includes office visits by the CRA.