INNOVATIVE REALTY INC. Brokerage*
Your Home Dreams Fulfiller
PERRII MUTHURAMAN MBA PFP CCP
416.473.6100 PAGES 8
Dream 2 Issue 5
10 MARCH 2012
Email : email@example.com Web: www.dreamsandmoney.com 473 6100 Office 416 298 8383
* Independently owned and operated
Thinking of Selling ... Ask for PERRII’s
CRA shows top 10 ways to reduce your tax bill
The U S Housing Crisis to End in 2012?
Free Market Evaluation
Minister Kenney's Vision of a Fast and Flexible Immigration System
ttawa plans to replace the immigrant entrepreneur program it shelved last year with a new system aimed at identifying and speeding the path for “high value innovators,” Citizenship and Immigration Minister Jason Kenney said.
“We want the next Bill Gates or the next Steve Jobs. We want those folks with the brilliant ideas that are going to generate sustainable jobs for a long time to come,” Mr. Kenney said. “We want to create a policy which is more likely to attract entrepreneurs in areas like technology, energy and environmental innovations. These areas have a lot more potential than just running a kiosk at the mall.” In a keynote address to the National Metropolis Conference at Toronto, the
MORTGAGE WAR AGAIN? BMO announced again that it is dropping the interest rates on a five-year mortgage to a historic 2.99%, a reduction of 50 basis points on the existing rate. The rate on 10-year mortgage has also been slashed to 3.99%. Both the five-year and 10-year rates carry a 25year amortization period. Both deals are available until March 28. BMO believes the housing market is poised for a soft landing. TD Bank, Royal Bank, Scotia Bank and CIBC all announced special four-year mortgages charging 2.99 per cent interest per year. The new low rates came as Bank of Canada governor Mark Carney said the No. 1 risk to the Canadian economy continues to be household debt. "Some low rate mortgage offers advertised in the market are highly restrictive. No frills may be great in the supermarket, but it's usually not the best choice for your mortgage," said Marcia Moffat, Head, Home Equity Financing, RBC. "Many life events can happen over the term of your mortgage - a new baby, a job loss, a promotion, or the sale of your home. It's important to read the fine print to make sure your mortgage has payment flexibility that will enable you to adjust to life events." "RBC mortgages come with all the
frills," added Moffat. "Our standard features and benefits include accelerated payment and deferral options, prepayment privileges and amortization choices of up to 30 years. This mortgage offer is also eligible for our RBC Homeline Plan." This rate is a special discounted rate below our posted rate and is only available on new mortgage applications
“Ontario is still the number one destination for immigrants” Dalton McGuinty
3 Paths To Out Performance
job of attracting entrepreneurs and investors to Canada, noting that we lag behind the U.S., where half of the top 50 venture-capital backed companies are founded by immigrants. While noting progress to date, he also promised to do more to reduce the legacy of backlogs, where there are wait times of seven years or longer in some categories. “It makes no sense to tell people 'apply now, but put your life on hold for a few years before we'll even let you know if you qualify,'” said the Minister. “I will continue to make changes to create a faster, more flexible immigration system. Canadians need and deserve a system that boldly puts Canada's best interests first.”
Hidden story of a falling jobless rate in Canada
that fund within 120 days of the start date of the application. Not available in combination with any other offer or rate discount. Other terms and conditions may apply. Offer may be withdrawn, or amended without notice at any time. If you are looking for a mortgage, do your homework and shop around. Who knows, you may get the best deal in the market.
REAL ESTATE CAREER NIGHT Interested in Real Estate Career? Come and learn: How to become a Real Estate Agent How to earn 6 figure salary How flexible & rewarding Real Estate career is When: Where: to Register call 416
Minister highlighted recent changes to the Federal Skilled Worker Program, where current applicants must have experience in one of 29 occupations in demand, or have a job offer in Canada. He also noted the growing success of the Canadian Experience Class, which allows certain foreign students and temporary foreign workers to translate their Canadian work and education experience into permanent residence. And he lauded the growth of provincial and territorial nominee programs, noting the role they have played in spreading the benefits of immigration across the country and addressing longterm regional labour needs. While recognizing these improvements, the Minister indicated that more challenges lie ahead in seeing his vision realized. He noted, for instance, that the current points system used to assess federal skilled worker applicants needs to be more flexible and intelligent. It should place greater emphasis on the importance of language, he said, while recognizing that the language ability needed to successfully integrate in Canada is different for a doctor as opposed to a welder. It should also place greater emphasis on younger workers with high quality credentials that can be recognized quickly. The Minister pledged to do a better
Your Home Dreams Fulfiller
Coming Soon: Real Estate Class Phase I, Phase II & Phase III
Canada's jobless rate fell for the first time in five months in February because fewer people were looking for work, rather than any pickup in the labour market, Statistics Canada said. Employment fell by 2,800 after a January increase of 2,300, Statistics Canada . The unemployment rate fell to 7.4 percent from 7.6 percent as 37,900 people left the labor force, the largest drop since January 2009. The jobless among young people rate hit 14.7 per cent last month – its highest level since October, 2010 – amid
five straight months of employment declines. Poor prospects mean almost 200,000 of them have left the labour force since the recession began. The youth participation rate has tumbled to a 16-month low and is approaching 1995 levels. Canada's job growth has been slowing since the middle of last year after hiring gains led the economy out of a recession in 2009. Here are some comments about the situation: >>Cont. Pg.2
SERVICE WITH INTEGRITY, DEPENDABILITY AND KNOWLEDGE · · ·
Real Mortgage Associates Licence No: 10464
Das Narayanasamy Mortgage Broker
416-543-6614 Fax: 1-888-511-8960, E-mail: firstname.lastname@example.org Lic# M08007147
Online Investments in Indian Stock Market Online Mutual Fund Investments Online E-Gold, E-Silver Investment (24 carat Pure Gold) Investments in Indian properties Corporate Fixed Income Deposit
Director - Doha Brokerage and Financial Services Ltd - Associate of Doha Bank, Qatar President - India Finance Bazaar President - Indian Financial Market Academy
Mobile: 011 91 99625 34431 / 99628 99343 Email: email@example.com / firstname.lastname@example.org www.indiafinancebazaar.com
10 MARCH 2011 oftware simplifies our life. It can help us do things faster and do them better. And to a business those are good things. The right software can improve your productivity and enhance your profitability. In this column, every issue, I'll take one problem business face and review different software that can help businesses deal with that issue. These days you can have purely web based software. Web based software are generally cheaper (or free) and usually offer distinct advantages – like secure storage, backed up data and instant upgrades to the latest version of the software. For these reasons, this column will mostly focus on web based software. The question of the week is: How can businesses create and manage documents, spreadsheets etc. at a low cost? The first thing that would come to most people's mind when this question is asked is Microsoft Office. It contains
DREAMS MONEY &
Useful Web Applications for Businesses Though I say light weight, it Word, Excel, PowerPoint etc. contains everything the These are great software average user would need. products, but Microsoft Office also come with a high price tag All you need to do to use (about $150-$700 depending this is sign up for a “Live.com” on the edition you buy). So we account and then visit will look at a few free alternahttp://skydrive.microsoft.com. Aishwar .M tives. We will be covering: Software Developer You will see the list of files you Ÿ Microsoft Office Web Apps (http://skydrive.microsoft.com) Ÿ Google Docs (http://docs.google.com) have saved. When you log in for the first Ÿ Zoho Docs time, this list will of course be empty. (http://www.zoho.com/docs/) You will also see the option to create Microsoft Office Web Apps “Word”, “Excel” files etc. Clicking on If you are used to Microsoft Office, the create link, will launch the actual the most logical thing you should try is app. the online version of the software. The Google Docs online application is a light-weight If you would like to try something version of the Office 2010 desktop different, you could try Google Docs. software, with a very similar interface. The interface for Google docs is similar to the interface of the old Microsoft Office. The biggest advantage that Google docs has over Microsoft Office 6. Pension income splitting - If you Web Apps is the collaboration it receive income from a pension, you can split up to 50% of eligible pension income with your spouse or commonlaw partner to reduce the taxes that you pay. 7. Students - Are you still in school? Students can claim the tuition, education, and textbook amounts. Have you graduated recently? You may be eligible supports. Google docs makes it easy for to claim the interest that you paid on you to share a document with someone your student loans. else and the two of you can edit the 8. Child care expenses - If you have document and the changes will be seen children, you may be able to claim child by both people at the same time. care expenses that you or your spouse or This is great when you have to work common-law partner paid so that either with someone on a document. Imagine asking an assistant to fill in the times in the excel document, and you can see the results right away. They do not have to send you a separate file, from which you copy the changes. To use Google Docs, you need a Google (or gmail.com) account. Visit http://docs.google.com and login with your Google account. You will be presented with your existing files and given the option to create new documents, spreadsheets etc. Zoho Docs Z o h o o ff e r s a n office suite of software that is similar to Google Docs, except its suite is much larger. It provides you a whole range of tools including Project of you could work, do research, or go to M a n a g e m e n t , school. 9. Home buyer's tax credit - If you're Hidden story of a falling... a first-time home buyer you may be From Pg.1. eligible to claim $5,000 on the purchase “Consumer spending aided by low of your new home, which can save you interest rates is still helping drive up to $750. growth,” Bank of Canada. For people who are self-employed: “This generation of younger workers 10. Hiring an apprentice - Did your are our future labour force … and they business employ an apprentice? A salary are facing some pretty unique pressures paid to an employee registered in a that other generations didn't have to go prescribed trade in the first two years of through,” Francis Fong, an economist at his or her apprenticeship contract Toronto-Dominion Bank. qualifies for a non-refundable tax credit “We will not keep our eye off the ball for the employer. and there will be a lot of measures in the
CRA shows top 10 ways to reduce your tax bill For individuals: 1. Plan ahead - Register for My Account, gather your receipts and NETFILE access code, and sign up for direct deposit before April 30. Submitting your income tax and benefit return before the tax-filing deadline means you can avoid having to pay latefiling penalties. 2. Families - Save those receipts! All the activities you have been paying for throughout the year (piano, karate, tutoring, hockey, and more) may save you money at tax time. 3. Tax - free savings account - A tax-
free savings account (TFSA) is one great way to save money since you don't pay tax on any income you earn from investments in your TFSA. 4. Registered retirement savings plan - Any income that you earn in a registered retirement savings plan (RRSP) is exempt from tax, as long as the funds stay in the plan. RRSPs help you save for your retirement and give you a break at tax time too. 5. Public transit tax credit - If you or someone in your family is a regular user of public transit, then you may be able to claim a non-refundable tax credit based on the cost of eligible transit passes.
Conferencing etc. Zoho also takes the sharing aspect up a level by introducing Document reviewing capabilities, Group collaboration etc. To use Zoho Docs, you need to create a Z o h o . c o m a c c o u n t . Vi s i t http://www.zoho.com/docs and login with you Zoho account. You will be presented with an interface that is similar to the other two suites, but one that is more colorful and presents you with more options. How do they compare against each other? In terms of features, Zoho Docs wins out on top of the other two. In terms of similarity to Microsoft Office, Microsoft Office Web App is the obvious winner. And the only place where Google Docs wins is its simplicity and its integration with your Google account. At the end of the day, if you already have a Google account or a Live.com account, you will find it most convenient to use Google Docs or Microsoft Office Web Apps respectively. If you have neither and are looking for something similar to Microsoft Office, I would recommend Microsoft Office Web Apps. In my opinion, Zoho Docs is more geared towards power users. If all you need Docs for is to fill some paper work or do some calculations, then the huge set of features it provides can actually be intimidating. But if you are a group of tech savvy people interested in collaboration, document reviewing process, document versioning etc., it may just be your cup of tea. So to summarize it, if you are a light user (and most people are), use Google Docs if you already have a Google account or else use Microsoft Office Web Apps. If you are a power user interested in advanced collaboration capabilities working with documents, use Zoho Docs. That's it for this issue. If you're business is facing some problem and you wish to know if there is some software that can help you with it, feel free to contact me about it. Until next time, ciao.
budget to create jobs and to get us on a long-term, sustainable track.” Prime Minister Stephen Harper. “While Canada's employment growth stalled in February, the U.S. job market took another leap forward. One reason is the consumer. In Canada, consumer spending is slowing while in the U.S. it's starting to pick up. And consumers tend to create jobs in labourintensive industries, such as home construction and retailing.” Dana Flavelle, Business Reporter.
DREAMS MONEY &
The U S Housing Crisis to End in 2012?
12 million to receive letters on PPI scam in the U.K.
apital Economics expects the housing crisis to end this y e a r, b a s e d o n t h e following factors. The average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters. However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability. Banks are now lending amounts up to 3.5 times borrower earnings. This is
he Regulators in the UK have found that banks miss-sold Creditor insurance to millions of their customers and the Regulators are forcing these banks to advise all such customers of their miss-selling and to make redress to them. Here’s a related news. Millions of consumers - including "many people in Northern Ireland" will receive letters from lenders telling them they may be victims of the payment protection insurance (PPI) mis-selling scandal. Between four and 12 million letters will be sent over the next year to customers who may have been mis-sold the insurance but have yet to complain about it, the Financial Services Authority (FSA) has estimated. The watchdog has published guidance over how the letters should be set out, saying they must be clear and jargon-free. Under FSA rules, lenders must write to customers in cases where systemic problems with how policies were sold were found, even though they may not have complained. The FSA believes payouts as a result of this proactive letter writing could eclipse the redress paid so far. In Canada, the federal government has recently announced measures that will stop banks from mailing unsolicited credit card convenience cheques to customers, and that will reduce the
10 MARCH 2012
holding period on newly deposited cheques. The banks will also have to stop being so secretive about the penalties clients must pay when they want to get out of a mortgage early. Many institutions are actively misselling payment protection plan in Canada too. Will the Canadian authorities look into this consumer issue also? If you have taken the payment protection insurance on your credit card or on any other products, probably this is the time to review and cancel, if necessary.
Bank of Canada acts as widely expected The Bank of Canada met on March 8th for their interest rate announcement. Similar to the last 11 rate announcements, Bank did not change the key overnight lending rate. The Bank of Canada decided to maintain its target overnight rate at 1%. The corresponding bank rate will remain at 1.25% and the deposit rate will still be 0.75%.
The Bank considered several global factors to hold the line on rates. With the target interest rate near historic lows and the financial system functioning well, there is considerable monetary policy stimulus in Canada. The Bank plans to set monetary policy consistent with achieving the 2% inflation target over the medium term.
up from a low during the crisis of 3.2 times borrower earnings. Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability. Lawrence Yun, NAR chief economist, said Pending Home Sales Index,* a forward-looking indicator indicates hopeful upward trend. “Given more favorable housing market conditions, the trend in contract activity implies we are on track for a more meaningful sales gain this year. With a sustained downtrend in unsold inventory, this would bring about a broad price stabilization or even modest national price growth, of course with local variations.” The January index is the highest since April 2010 when it reached 111.3 as buyers were rushing to take advantage of the home buyer tax credit. Yun said. “If and when credit availability conditions return to normal, home sales will likely get a 15 percent boost, speed up the home-price recovery, and thereby significantly reduce the number of homeowners who are underwater.”
10 MARCH 2012
Your Home Dreams Fulfiller INNOVATIVE REALTY INC.
PERRII MUTHURAMAN MBA PFP CCP Sales Representative
416 473 6100 Office 416 298 8383
www.perrii.com | www.dreamsandmoney.com
Proudly Presents Beautiful City View from the Bedroom & Balcony of
10 Capreol Crt 748 Toronto, Ontario M5V4B3
Ÿ Stunning And Bright Suite At Parade
Ÿ Walk To Ttc, Sobeys, Rogers Centre, Harbor
Ÿ 2 Bedroom With Balcony,
Front, Finance/Entertainment District. 24 Hr Concierge. Ÿ Best Amenities In City: Bbq Patio, Squash Court, 25 Meter Lap Pool, Hot Yoga, Aerobic/Dance Studio, Fitness Center, Hot Tub, Spa. Massage, Billards, Wifi Lounge, Game Room, Theater, Children's Zone, Per Spa + Day Care (All Are Part Of Building Amenities)
Ÿ 1 Parking, And 1 Locker Included In Price Ÿ 758 In Total Sq Ft. Ÿ Very Functional Layout Facing North And
Unobstructed Beautiful City View. Ÿ Window Coverings, Fridge, Stove, Microwave,
Dishwasher, Washer/Dryer Combo.
FOR SALE $379,900 10 Tips for Buying a Home
Are you thinking of selling your Home?
Ÿ Know your credit rating
HERE ARE PERRII'S TIPS
Ÿ Know your Financials (savings and mortgage amount).
1. Be Clear in your mind on the following :
(Based on your income and other factors, you can get pre approval from a financial institution)
s Why are you selling? s What are your alternatives?
Ÿ Understand how mortgages work.
s Is it the best time to sell?
Ÿ Sort out your needs and wants. (What type of home, you are looking for
s What is the expected sale price?
s What is the best way to sell?
Ÿ Work with a Real Estate Agent (FOR NO FEE) Ÿ Keep searching, till you find your dream home.
2. Hire a Real Estate Representative or Market yourself.
Ÿ Investigate and consult experts before you give your offer to buy.
3. If you decide to market yourself, ensure that you have necessary s Time (for advertising, handling enquiries, pre- qualifying the prospect & negotiating)
Ÿ Make the offer (through your agent) Ÿ Check the progress periodically for a smooth closing.
s Ability ( to do all the above aspects and staging the house for sale)
Ÿ Buying a home is a team work. Many people- your local real estate agent,
s Patience ( to handle the whole process professionally)
your lender, your attorney, and others- are helping you to complete the home buying transaction. Never hesitate to ask questions to any of your team members.
s Knowledge ( about the real estate market and the current prices) and s Experience in Real Estate matters.
Good luck! You are on your way to your dream home. Perrii Muthuraman is helping his customers to find their dream homes.
Thinking of Selling ... Ask for PERRII’s FREE MARKET EVALUATION
Perrii Muthuraman is helping his clients to Sell their homes for top dollars.
To get answers to your questions and to include PERRII IN YOUR TEAM Contact Perrii Muthuraman MBA Direct # 416 473 6100. 4
10 MARCH 2012
DREAMS MONEY 10 MARCH 2012 &
“Ontario is still the number one destination for immigrants” Dalton McGuinty Dear Readers, Dreams & Money is a member of National Ethnic Press popularly known as NEPMCC . On behalf of the members of the Ethnic press and our readers, the Premier was interviewed by Mr. Thomas Saras, President of the NEPMCC. We are pleased to publish Mr.Sara’s questions and the Premier’s answers. Q. Mr. Premier, these are harsh economic times for the Province and for the people of Ontario. What is it that your government has done to provide some sort of security to Ontarians? A. Moving forward now, we are working very hard to prepare our budget. In that budget we will be making choices. Some things are more important than others. If you and I were to knock on doors, families would tell you that the support and services that we deliver as a government are healthcare and education. So we have made a commitment to protect healthcare and education. We will say yes to some things and no to other things. For Editor-in-Chief & Publisher Perrii Muthuraman Direct : 416 473 6100
Editor & Technical Advisor Aishwar Muthuraman Editorial & Development Committee V.S. Thurairajah Karthik .M Das Narayanasamy Manivannan 105-2100 Ellesmere Road, Scarborough, ON, M1H 3B7 Ph: 647 352 4945 | Fax: 647 352 6110 Email: email@example.com www.dreamsandmoney.com DISCLAIMER Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.
unsolicited articles & community news are welcome selected ones will be published email : firstname.lastname@example.org Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.
economy. Nowadays we are seeing that some companies are leaving Ontario and returning to the United States. The economy seems like it is going backwards. A. We are still net beneficiaries. Every year we still gain more people who come here than leave to go to other parts of the country or the world. There is a natural flow of people in and out of the Province of Ontario and this is a good thing. We are not closed off to the world. I will take my own kids for example, I tell my kids, and sure I would love it if you worked in Ontario but if you decide that you want to work someplace else in Canadaor the world then all the power to you. Where ever you go though be proud to be an Ontarian, a Canadian. I am okay with that. I was recently in Kitchener / Waterloo and met some young people there from five or six different countries that are coming to Ontarioto work here. I was also just in Thunder Bay at another research lab. People there are from the east, from African, Russia, USA the Ukraine, so every year we continue to draw in more and more people who are excited about their future here in Ontario. The other thing I should tell you Tom is that we are still the number one destination, the number one choice for immigrants who are coming to Canada. Their first choice is Ontario by far. I think we are getting more people coming to Ontario than all the other provinces combined. So we are still a
example we are now questioning whether or not we should be spending $345 million every year to support the hoarse racing industry in Ontario. At a time when we have to make choices, if we have to choose between healthcare or hoarse racing or education and hoarse racing, I know where families would want us to make our choice. So we will continue to be informed by the values that Ontario families have. They want us to be fair. They want everyone who works in the Public Sector to be part of the solution. So we have said to our teachers, for example, we need to you to be part of the solution so we are asking you to accept a wage freeze. We are saying to our doctors they need to accept a wage freeze. We will be saying to all our Public Sector partners we need you to accept a wage freeze. You may have heard Tom, that I announced today that MPP’s are going to freeze their wages for two more years. That is five consecutive years of wage freeze for MPP’s. It is important that we be seen to be leading by example. So I know that Ontarians are prepared for this challenge. They know we have to make some difficult decisions. They understand that it is all about choices. We are going to work as hard as we can to ensure that we protect healthcare, protect education, find ways to grow the economy and make sure that we are fair. Q. Mr. Premier, this province used to be the machine that was leading Canada’s
At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler. We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams. If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you. 5
big draw. Q. The Federal government states that new immigrants who arrive in Canadaare choosing to go to other provinces and less are coming to Ontario. A. We still receive more immigrants arriving in Ontariothan all the other provinces put together. I will have this confirmed (Brad you will confirm this for me). So we are still the number one destination. What we want to do now with the Federal government is that we have created a new “Expert Round Table”. You may have heard something about this. We are asking eminent Ontarians to give us their best advice so that we can together approach the Federal government and say, you know you have a certain relationship you developed with British Columbia and Quebec, and well we want a special relationship here in Ontariotoo, so that we have more say, more authority over immigration. Q. Mr. Premier, the day you were with the Premier Sauret, you were asking the federal government not to touch the monies that will eventually be given to the Provinces. We also know that the federal government is facing problems in the future and of course they are trying to control their own budget. How do you think they will give money to the provinces and at the same time cut down on their own deficit? A. Let me tell you what we are doing here in Ontario. We are not going to do what the previous conservative government did. They took some of their responsibilities and downloaded those onto municipalities and the municipalities had to raise their taxes. So this was of no advantage to Ontarians themselves. So we said to the municipalities we will not do this to you. We will find a way to manage our financial affairs in a way that does not hurt other governments. The federal government in the 1990’s, when they attacked their deficit, they did it in a way that hurt provinces. So I am saying to the Harper government, do not do what has been done in the past. Work with us so that together recognize that there is just the one taxpayer, lets find a way to work together to tackle our fiscal challenges and find efficiencies. Q. Sir, as you stated Ontario is the number one choice for immigrants. Eventually we will be facing the possibility of cutting services. This is one of the things you want to control you cannot continue to spend. The opposition is accusing you of free spending policies. I am asking you what is your government’s plan to help newcomers. A. First of all I have heard the charge that the Ontario government spends a lot of money. But on a per capita basis Tom, we spend the lowest per person in Canada. All, ten provinces. So we have been using taxpayer dollars very efficiently. We also have the second lowest tax burden in the country. So we are very responsible in terms of the level of taxation we have and how much money we spend. Let’s understand that immigration is really >>Go Next Pg.
DREAMS MONEY &
3 Paths To Out Performance By: Steve Reitmeister, Zacks.com These are unique times. And it calls for unique investment strategies to be successful. My goal today is to provide 3 clear cut strategies. Strategy #1: Timing Trades Given that the Muddle Through market is prone to big bull and bear runs, then market timing these moves could work out very well. In a perfect world you would precisely see the top for the market and go short to profit on the way down. And then expertly shift gears and go long for the ride back up. Pro: Would make the most profit of all the strategies if timing done right. Con: Would LOSE the most money if done wrong. Conclusion: If you have perfected market timing moves in the past, then this is the one for you. However, if your track record is spotty, then don't kid From Pg.6 important to us. We are nearly at a point now Tom, that the growth in our labour force is entirely dependant on immigration. If we want to grow this economy we want to make sure that we remain attractive to immigrants and that we have the necessary supports in place to make sure that immigrants become as strong as they can as quickly as possible. That’s why the federal government owes us over $2 million on an outstanding agreement, which they have been refusing to pay us. And that money by the way does not go to our government; it goes to our settlement services. Agencies in the communities who take on responsibility for everything from English as a second language to some basic job training, how people find housing etc… all these kinds of things that is really important to all of us. I am confident that there are ways to find savings in government that does not get in the way of our ability to provide support to new Canadians. Because when they do well it grows our economy. Q. You referred to our English as a second language program, are you willing to continue them the way they are or are you looking at cutting some of the services? A. Well, I leave this to the Finance Minister to make decisions about where we what to spend our money. I cannot speak to that specifically, but what I can say again is that making sure we have the necessary supports in place for our newcomers is very important to all of us and we want to make sure that we continue to do this. Q. Mr. Premier as I walk the streets of our great city, I see many older people begging for money. This is something that I have not seen before. I believe that this shows a problem with our social services. Are you aware of this and if so what is it that you can do? A. I think Tom, that one of the most exciting opportunities before us and I have not yet talked about this publicly yet, is the transformation of our social supports. I spoke about the Ontario disability support program and Ontario works and a whole bunch of other ones. Now we have asked a couple of people
10 MARCH 2012
yourself as you will get slaughtered. Better select strategy 2 or 3. Strategy #2: Buy and Hold With the economy expanding, even at a modest pace, it leads to corporate earnings growth. That, in combination with low rates of returns on cash and bonds, gives an upward long term bias to the stock market. That is why it can be effective to load up your portfolio with fundamentally sound stocks (Zacks Rank 1 or 2, attractive valuations, improving earnings growth, etc.) and then just hold on through the peaks and valleys with the expectation that the general upward bias of stocks works in your favor. Pro: Produces quality profits over the long haul. Con: Not for the faint of heart as there will be times you are down 2030% when those bear runs come along. Also, if there truly is a recession, and you hold too long, then your losses
could be massive. Conclusion: More realistic route to profits than #1. But may be too risky for some who are more conservative. Or need to use that investment fund as a source of income 5-10 years down the road. Strategy #3: Dividend Stocks for High Total Return Right now cash accounts (checking, savings, CDs and money markets) pay next to nothing in interest. And Treasury bonds aren't paying much better. In fact, with these investments you are actually losing money relative to the rate of inflation. This makes high dividend stocks all the more attractive.
And gladly there are still plenty of stocks providing hefty dividends of 3%, 5% and even up to 10% a year. Many of these are solid growth companies that will still enjoy some capital appreciation to boot. Pro: Safest, surest and most consistent route to out performance given combination of both capital appreciation and dividend income. It would also preserve your nest egg the best when the next recession and bear market comes around the corner. Con: You may feel underwhelmed by this strategy when the big bull runs take place. (However, your nerves will be calmed once again when the next ferocious bear returns). Conclusion: This strategy is not just for conservative investors anymore. The odds of success are tilted in your favor because of the ultra low rates of returns on cash and bonds thanks to Fed interventions.
like Francis and Amir Shaikh to give us their very best advice. Don Drummond provided us with some preliminary advice. But I am convinced that if you take a look at all the money to be found in the system, that it is not being used as efficiently as possible and we are not doing enough to help people who find themselves in need of support to given them the necessary training. Overwhelming the people in the social systems are telling us, “I just want a job; I did not choose to go onto Ontario works”. Now for many of those people Tom, they need training. They are not ready to go into the work force right away. So we need, with a small investment, we can given them the necessary skills so that they are much more employable. I am convinced and this is something governments have talked about for at least 20 years and there is a lot of money that is eaten up along the way before it gets in the hands of those who find themselves in need of special supports. So we look forward to receiving this report and that we look forward to taking some assessment steps. Q. At the same time we have the Drummond report who has asked your government to cut down on support and services. So it seems to be a very complicated situation. How is your government going to overcome this? A. We will answer that of course in the budge. But one of the things we said for example Tom, is that over half the money that we spend in government it goes into salaries. So now we are saying to our teachers, we have worked well together, very well together as partners and we have better schools today, better education today now I need for you to take a pay freeze. Now we are saying to the doctors that we need you to take pay freeze. We are saying to all our public sector partners, half of the money goes into salaries so we have to freeze our pay and we are leading by example as you know, we have announced a pay freeze making it five years in a row now. Q. European politicians I believe have gone a bit further than a pay freeze, they have agreed to a pay cut in Italy, France
and Germany. But for people who are being paid at a lower salary see that politicians have also cut their pay and would be quite encouraging. Based on my opinion allow me to ask you the question in case that the American dollar increases in value and our dollar devaluates, does your government worry about a similar situation? A. Well, if our dollar comes down this is helpful to our manufacturers here in Ontario because it means that when we export our goods they are more affordable. A high dollar makes our goods more expensive for the world to buy. So that would not hurt us. But having said that Tom, we cannot build an economy on a low dollar. We have to build an economy on high skills, high education and high level of productivity. What does this mean? It means that our business need to invest in new technologies and new equipment and in training for the people so that we are working as smart as we can. It is not about working longer hours here in Ontario so that we are more competitive, but it does mean taking advantage of new technologies. The latest thinking with respect to how we manage our business and grow our businesses and make sure the people that we are using are as smart as they can be. So we will do our part to provide good colleges, universities and good apprenticeship opportunities. Even when they get into the work place we are asking employers to keep investing in them, give them some new training opportunities, keep them smart and working at the cutting edge. Q. Yesterday the Toronto Council decided to ask you not to allow Toronto to get into the European agreement for free-trade. To be honest with you I was surprised to hear a city wants to be excluded from an agreement that nationally will be done with the European Union. A. Well we are working with the other provinces and the federal government in a cautious and responsible way to see if we could in fact enter into an agreement with the European Union. We think that managed properly there could be considerable opportunities considerable upsides for the people of
Ontario. We are not afraid of work. We are confident that on a level playing field we can compete and we can win on the basis of our talent and the basis of our inherent strengths as Ontarians and Canadians. So we will be very careful going down this road to make sure that we are not going to compromise ourselves here. But we are confident at this point in time enter into an agreement which is good for Ontario. Q. This is your third term as the Premier. Previously you were in good standings, but this time for the first time you are facing a minority government and you cannot be in full control of your own problems. How do you feel? A. First of all, it is a tremendous honour for me to serve again as the Premier. It would have been nice to have one more seat, but it was not there for us. It means that there are some differences and you have to look for ways to include the opposition to do things so that they can see some of their policies in government legislation. We have to create more opportunities and reach across the aisle to each other and to work together. A real important question for us to always ask is, what do Ontarians expect of us? I think they expect for us to find some common ground. Maybe not all the time but certainly frequently, find some common ground and find a way to make progress on their behave. It is not really about the Liberals or the NDP or the Conservatives, it is always about the people of Ontario. And they want us to find a way to make progress for them. I think everyone sees the economic and fiscal challenges and we have different ways of tackling that but the really good news is that we all understand that we need to tackle it. Mr. Premier, I thank you once again for taking the time for this interview. On behalf of the members of the Ethnic press and our readers allow me to tell you that we always appreciate hearing from you. Thomas S. Saras, is the President and CEO of the National Ethnic Press and Media Council of Canada and EditorIn-Chief of Patrides, N. American Review.
10 MARCH 2012
Global Market Weekly Review – Week Ended 2 March 2012 Asian and European markets opened with weak note on fears that higher oil prices will hurt the global economic recovery and Europe's lingering debt problems kept investor enthusiasm in check. Meanwhile, Euro zone countries pledged on Sunday, at a meeting of finance leaders from the Group of 20 economic powers, to reassess next month the strength of their bailout fund. However, market recovered from the next day on positive economic data from US. US stocks mostly higher as data showed further improvement in the US housing market. Technology and finance stocks also led the rally. European stock markets reversed initial losses on Thursday. Asian stocks edged lower on Thursday after US stocks faltered on Wednesday as Federal Reserve Chairman Ben Bernanke dashed hopes of additional quantitative easing and expressed a cautious view on the domestic recovery. US stocks ended Thursday's session with gains, helped by a drop in weekly jobless claims to the lowest level since March 2008. On the
last day of the week, Asian markets rose as euro-zone debt worries eased after successful government bond auctions in France and Spain on Thursday and after a trade body ruled on that day that there had not been a credit event to trigger a payout on privately held Greek government bonds. German lawmakers approved Monday a politically unpopular second bailout for Greece. The vote on Germany's contribution to the €130 billion rescue package passed with a large majority, despite opposition from within German Chancellor Angela Merkel's Christian Democratic Union. The US government reported orders for long-lasting goods declined in January by the most in three years. Activity across the British manufacturing sector continued to grow in February, but at a slower pace. Japanese government data showed a sharper-than-expected drop in household spending and a modest rise in unemployment, although deflation was slightly better than forecast.
Indian Market Weekly outlook – week begins from 5th March 2012 Indian market declined during the week on data showing slowdown in GDP growth and on concern over higher oil prices. Sensex declined 1.6% to 17636.80 and Nifty declined 1.29% to 5359.35 for the week ended 2nd March 2012. More outflows by foreign investors also weighed on sentiment. The Indian economy expanded 6.1% in the October-December quarter from a
compiled by Market, eased to 56.6 in February from 57.5 in January, which was an eight-month high. The index has held above the 50 mark that separates growth from contraction for almost three years. Budget expectations may dictate the trend during the coming week. Volatility would be higher on domestic bourses due to uncertainties over elections results in five states due on Tuesday, 6 March 2012. The stock market remains closed on Thursday, 8 March 2012, on account of Holi. Investors will closely watch movement in crude oil prices. A steep rise in crude oil price could derail global economic recovery and increase inflationary pressure. India imports
TSX IS MOVING IN THE NORTH TSX Trend Feb 27, 2012 to Mar 8, 2012
year earlier, the weakest pace in more than two years, hurt by slower growth in manufacturing output and a contraction in mining production. Growth in gross domestic product was slower than the 6.9% expansion posted in the JulySeptember quarter. India's merchandise exports in January 2012 rose by 10.10% to $25.35 billion while imports during the same month climbed by 20.25% to $40.10 billion. As a result, the trade deficit for January stood at $14.76 billion compared with $10.33 billion in the corresponding month a year earlier. India's fiscal deficit during April to January was Rs 4.35 lakh crore or 105.4% of the full-year target. India's manufacturing sector expansion slowed slightly in February from a month ago, although the pace of growth remained healthy as new orders touched a 10month high. The HSBC manufacturing Purchasing Managers' Index (PMI),
TSX Trend Jan 1, 2012 to Mar 8, 2012
Source : Yahoo Finance
Stocks turned in modest gains on March after investors digested strong monthly U.S. payrolls numbers and a successful Greek bond swap among private bondholders. In Canada, the S&P/TSX composite index closed at 12,503.62 on March 9. The Dow Jones industrial average closed at 12,922.02. The broader S&P 500 closed at 1370.87. Greece had reached its bond-swap target with the private holders of Greek debt, which will see them trade their
holdings for bonds with longer maturities and lower interest rates. The exercise is designed to eliminate more than €100-billion ($131-billion U.S.) of Greek debt. The U.S. Labor Department also reported that the economy generated 227,000 jobs in February, marking the third straight month of gains above the 200,000-mark. The unemployment rate held steady at 8.3 per cent, which was in line with expectations. All these developments made TSX to look upward once again
two-thirds of its oil consumption, so an increase in oil prices will hurt its fiscal balance substantially. Oil has advanced this year amid concern that sanctions against Iran's nuclear program will disrupt crude supplies from the secondbiggest producer in the Organization of Petroleum-Exporting Countries. Iran has threatened to shut the Strait of Hormuz, a transit route for a fifth of the world's oil, in response to an embargo. Union Budget and the Reserve Bank of India's policy review, both due in mid-March 2012. The Reserve Bank of India is slated to announce the midquarter policy review on 15 March 2012, a day before the presentation of the Union Budget 2012/13. At thirdquarter policy review in January 2012, RBI had announced a cut of 50 basis points in the cash reserve ratio (CRR), citing tight liquidity pressures.
JUST FOR YOUR LAUGHTER The best time to buy anything is last year. From M Allen, Stock Market Timing ............................................................... The market is weird. Every time one guy sells, another one buys, and they both think they're smart. The new name - Dow Jones. From Milton Berle's collection 7
DREAMS MONEY &
Pictures tell Native Canadians’ story PRESERVING NATIVE-CANADIAN ART FOR 30 YEARS Just east of Queen’s Park, on Wellesley Street West, through a bustling crowd of pedestrians, and an array of ordinary store fronts, you find yourself slowing down your pace searching for the faint sound of Aboriginal music. As the sound of woodwinds lure you closer, you’re greeted with a display of vibrant colours of Native Canadian art and memorabilia at Armen Art Gallery. Armen Art Gallery has been a landmark in the heart of downtown Toronto for almost 30 years. Since its inception in 1982, he has carried a vast variety of hand-crafted NativeCanadian art from tribes across Canada. It is one among a faction of stores in all of the GTA that offers a vast variety of
Native and Inuit sculptures, paintings, jewellery, as well as a collection of various crafts within a confined space of 700sq ft. Few of them are published here. Since Armen Art Gallery opened in 1982, it has featured a diverse collection of North American Native Art with a focus on Canadian artwork, including those from tribes such as Woodland, and Haida. The gallery displays a medley of original serigraphs, paintings, wood and stone carvings, jewellery, drums and masks that share a profound spiritual significance to the Native culture. Armen Art Gallery provides a unique opportunity to discover the rich heritage of our country from a distinctly native perspective.
Time to get connected to your inner self. Stories attract people’s attention. People love to listen to stories. A great story-teller can always attract audience. Story telling isn’t just for children. It’s vital to every profession. Storytelling is a universal language and a core-skill for all presenters. Investors may be more likely to fund a company with an inspiring story. Customers may be more compelled to buy from an entrepreneur. Straight facts are forgettable and boring. Stories compel the audience to listen actively and they can subtly pesuade them. Often no one takes a position to argue against. Through stories you can build not only a connection with yourself inwardly but also with others. Through this connection, you’ll build confidence, rapport and trust. These are the qualities that make you to grow and influence others. Honesty is part of story telling. Simply, for us at Dreams & Money, it is a holistic learning solution that could close the literary achievement gap between schools, communities and families.
10 MARCH 2012