Who’s in net?

It’s a little bit like the lyrics to the current Katy Perry song: You’re hot, then you’re cold, You’re yes then you’re no, You’re in then you’re out, You’re up then you’re down.

We are referring here to the CRTC and the issue of internet speed for small service providers who buy pipe from large players like Bell, Telus and Rogers.

A few weeks ago, the federal telecom and broadcast regulator said that it would not intervene in allegations that certain companies moved some data at slower speeds than others. It did, however, agree to hold hearings into the regulation of the internet next summer.

Now, however, it has issued a new decision that orders Big Telco to offer the same net speeds to small wholesale customers that they sell to their own retail customers In doing that, the CRTC rejects the argument that having to do that will discourage investment in new, higher-speed infrastructure.

That argument tends to get trotted out whenever a new source of competition surfaces for incumbent market players – it was last heard in the bitter squabble over who should be allowed to bid in the last auction of wireless spectrum. (The government ultimately allowed special terms for new entrants to help them enter the market.)

Before it gets too much further down this road, the CRTC doesn’t ask too many questions for which it doesn’t already have answers. This is a very swampy area of policy with an exceptionally high emotional quotient. There is a significant contingent of people who passionately believe the internet represents a form of pure, unsullied access to communication for all. And they are pitted against those who believe it’s just another business.

In other words, it’s a looming smackdown between unicorns and butterflies, bears and bulls.

Smart Cookie 101

When a friend told me that 2009 was the year she was determined to get a handle on her finances, I sympathized.

I, too, am trying to save more and spend my money more wisely.

At a potluck dinner I hosted at my apartment last night, the same friend asked if I got around to reading The Smart Cookies’ Guide to Making More Dough, a book about five young Canadian women who banded together and swapped strategies in an effort to erase their debt and obtain their financial goals. The Smart Cookies have appeared on Oprah, have a television show and released a book. My copy was collecting dusk on my bookshelf.

I was embarrassed to admit that I hadn’t read the book.

The conversation with my six girlfriends quickly turned to money as we discussed the Smart Cookies and skimmed the book jacket.

And then I realized that all of us are at a point in our lives where we could benefit from some Smart Cookie advice.

A few years into our careers and on starting salaries, there usually isn’t much left over at the end of the month.

One friend just bought a condo and is saving for a wedding next fall. Another is about to live on her own and will have to shoulder all of the rent after living with a roommate. Yet another is weighing the pros and cons The of renting versus buying, while one more already owns but is dreading the $6,000 she needs to shell out for a new boiler.

We all agreed that we should start our own money group. I guess my first step is to crack the book.…

Watch out for year-end fund distributions

With the stocks trading at multi-year lows, somebody must be thinking of getting back in. But, if you’re going the fund route rather than buying individual stocks, you may want to hold off just a bit longer.

Fund companies will be making their year-end distributions over the next couple of weeks. And, if you’re not careful, you could get stung with an unexpected tax bill by buying in too soon.

Remember, mutual funds are pass-through entities. Even though the fund’s value has likely declined this year, it may have realized capital gains on longer-term holdings it sold over the course of the year. If so, the fund company is required to pay those gains out to unitholders before the end of the year, who must then report them as income.

And it doesn’t matter whether you’ve owned units of the fund for just a few days – you’re still looking at the same tax burden.

While the tax you pay now will either offset the tax you owe when you sell your units w4l3XzY3 at a (ahem) gain in the future, paying taxes sooner rather than later is a bad idea.

In a recent report, Dave Paterson, an independent fund analyst at Toronto-based Paterson & Associates, highlights CI Emerging Markets, AGF Canadian Balanced, and Trimark Canadian as just a few of the funds where unitholders face significant payouts.

The largest, he estimates, is CI Global Opportunities, where the capital gains payout will likely be a whopping 27% of the fund’s net asset value.

So there really is no free lunch

Buried in this Canadian Press item about soaring fund redemptions, there’s a brief mention of the $1.4-billion in “involuntary” sales recently triggered by principal protected notes 27.09.2013 providers switching into survival mode.

What this really means is that thousands of investors are only now realizing that there’s no chance of them realizing a cheap jerseys profit on the PPNs they bought, even if markets take off like a rocket in the coming years.

Several vendors, including both Bank of Nova Scotia and Bank of Montreal, have recently triggered “protection events” on city various note products. Essentially these are stop loss orders, which are automatically set in motion when losses hit a certain level.

The basic premise for these PPNs was that you could invest your money in cheap nfl jerseys various stocks, funds, or commodities for a set period and be guaranteed of doing no worse than breaking even in the process.

The principal protection was created by investing a large chunk of the money in a strip bond which, when it matured, would cover the full face nowhere? value of the notes. The balance was in stocks. But, now that the stock portion has dwindled to nothing, there’s no longer cheap nfl jerseys any chance of ever generating positive returns.

Talk about buying high and selling low.

Even if the PIXELS markets bounce back in nine months, the only thing left is the underlying bond. Note holders are now out of the money permanently, despite Rock the fact that the notes don’t come due for years.

The problem with all this is that it overlooks the erosion of their money’s value through inflation.

Simply breaking even several years down the road really means losing money in real-world terms. Just ask anyone who’s been retired for awhile to estimate their purchasing power now rather than Video) when they got started.

Didn’t like PPNs then, don’t like them now.

Bridges to nowhere?

The “economic update” tomorrow is cheap mlb jerseys going to be a test of many things: not the least of which is the conviction of a political party that believes less is more when it comes to government. Спасибо Now that central governments have essentially socialized key international social markets, it will be a severe test of the Tories – to say the least.

bridge to nowhere

Despite the campaign promise that a deficit would never be tolerated, that’s essentially what we’re going to be looking at tomorrow. Still, there are deficits and deficits. Canada Xhamster is most Bright likely looking like something along the lines of one per cent of GDP – nothing like the cheap nba jerseys eight per cent shortfalls we ran Vote consecutively in the past. And nothing like the deficits the U.S. is facing.

There’s the also the issue of government stimulus hanging in the balance. Finance Minister Jim Flaherty has indicated that the importance Tory’s commitment to spend around $33 billion on infrastructre upgrades will be fast tracked in strefa light of the economic outlook.

In the past, much of that was expected to be accomplished through public/private partnerships (AKA wird 3P). but is that model still viable at a time when debt markets are dead? And isn’t kind of old school – as in Keynesian – for the government cheap jerseys online to spend like that at a time like this?

Rock the Vote

In the aftermath of the recent federal election, there’s been a lot of musing and muttering 6 about the low voter turnout – especially among young Canadians.

A couple of points worth considering for context:

1. In the U.S., for all the wholesale nfl jerseys fuss about how Obama inspired a nation, only 52 per cent of Americans voted. Roughly the same number that voted Nihilne for Richard Aside Nixon.

2. For young people who grew up in wholesale jerseys the 1990s, it’s no surprise that political is engagement doesn’t really happen. They came of age Wholesale Miami Dolphins Jerseys at a time when big government was aggressively downsizing and withdrawing from their lives.

3. A generation that’s Belgian grown up with instant access to a whole lot of different voices and Bright views, is less inclined to see the relevance of central authority that’s delineated along partisan political lines.

Just saying.

Bright lights, big city

At 27 and world! still fresh in my career, willkommen my financial position can be summed up as “month-to-month.”


I don’t have a money-making portfolio (does anybody these days?) and certainly can’t tell you what stocks to buy now or how to obtain better tax breaks. I can, however, bring you on my journey as I try to turn my modest savings account into a down payment on a home.  I don’t want to rent forever!

Like most Canadians, money is frequently on my mind. And with the economy in shambles and the holidays right around the corner, I can’t help but question my decision to take a trip to one of the world’s most expensive cities this week. One minute I’m excited and the next I wonder, “Is this cheap jerseys a 6 mistake?”

The reality is that I saved for my trip to New York City. And have found ways to reduce my costs. I booked a flight for $244 Cdn. (taxes included) and found an apartment rental through Craigslist for a fraction of the price of a swanky hotel.

I also checked out websites of attractions I want to visit to see if there are any savings. Did you know that New York’s Modern Museum of Art wholesale nfl jerseys is free on Friday evenings between Scheidungsberatung 4 p.m. and 8 p.m.? That’s when cheap mlb jerseys I’ll be going.

So while a pair of Manolos won’t be purchased on this trip, I will be looking for deals that fit my style – and budget.…