Skip to main content


Showing posts from October, 2012

NYSE expected to reopen tomorrow

The New York Stock Exchange is expected to reopen for business tomorrow after being closed for two days due to Superstorm Sandy. A spokesperson for the exchange says "the floor and building are fine."

Top 10 Most Stolen Cars - 2011 Canada

The top 10 most frequently stolen vehicles in Canada are: 2009 Toyota Venza 4-door1999 Honda Civic SiR 2-door2000 Honda Civic SiR 2-door2006 Ford F350 Pickup Truck 4WD2002 Cadillac Escalade EXT 4-door AWD 2006 Chevrolet TrailBlazer SS 4-door 4WD2007 Ford F350 Pickup Truck 4WD2001 Pontiac Aztek 4-door AWD 1998 Acura Integra 2-door1999 Acura Integra 2-doorsource:

No Monthly Fee Small Business Banking with HSBC Business Direct

If you're a small business looking for a good banking solution, HSBC has emerged with a very strong offering called HSBC Business Direct. According to HSBC, it provides "all the services and transactions a typical small business needs to manage its day-to-day banking". Here's an overview:
No monthly feeUnlimited free Business Internet Banking, ATM and Business Telephone Banking, including free transfers, bill payments and electronic deposits and withdrawals20 free cheques deposited per monthWrite up to 20 cheques free per month24/7 automated assistance from the HSBC Business CentreAccess by phone to Business Direct Relationship ManagersFree Business Internet Banking upgrade to international wire capabilityCheques written after the free 20, activities at branches, and currency deposits can still incur fees (more details can be found on the HSBC Business Direct FAQ page), but the core features of this offering are impressive. For applicable small business, this is a pre…

Examples of life stresses

The death of a loved oneDivorceLoss of a jobIncrease in financial obligationsGetting marriedMoving to a new homeChronic illness or injuryEmotional problems (depression, anxiety, anger, grief, guilt, low self-esteem)Taking care of an elderly or sick family memberTraumatic event, such as a natural disaster, theft, rape, or violence against you or a loved one.

Causes of work stress

Being unhappy in your jobHaving a heavy workload or too much responsibilityWorking long hoursHaving poor management, unclear expectations of your work, or no say in the decision-making processWorking under dangerous conditionsBeing insecure about your chance for advancement or risk of terminationHaving to give speeches in front of colleaguesFacing discrimination or harassment at work, especially if your company isn't supportive

Corporation, partnership, or sole proprietorship?

Corporation, partnership, or sole proprietorship?
Now that you have decided to start your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates. There are four types of business structures: sole proprietorships, partnerships, corporations and cooperatives.
1.Sole proprietorship
With this type of business organization, you would be fully responsible for all debts and obligations related to your business and all profits would be yours alone to keep. As a sole owner of the business, a creditor can make a claim against your personal or business assets to pay off any debt.
Easy and inexpensive to form a sole proprietorship (you will only need to register your business name provincially, except in Newfoundland and Labrador)
Relatively low cost to start your business
Lowest amount of regulatory burden

Failing to invest

Perhaps the greatest blunder that everyone is guilty of is inaction. We wait for the market to become overheated instead of taking advantage of dips to get better prices. We don't sell our losers and move on. We think we can time the bottom of the real estate and stock markets.

Housing market

David Rosenberg thinks Canadian houses are carving out a top as U.S. homes are carving out a bottom.

"The Canadian and U.S. housing markets have never before been this polarized – light years away from each other." wrote David Rosenberg back in July. "Canada is carving out a top while the United States is carving out a bottom."

Further he pointed out that Canadian home prices are nearly twice as high as U.S. home prices. "Which of the two do you think is going to correct relative to the other?"

Housing market in Canada

Robert Shiller is worried "that what is happening in Canada is kind of a slow-motion version of what happened in the U.S.".

Robert Shiller told CBC News: "I worry that what is happening in Canada is kind of a slow-motion version of what happened in the U.S."