10 MARCH 2012

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FORTNIGHTLYPAGES Dream Issue8 2 5

CRA shows top 10 ways to reduce your tax bill

The U S HousingCrisis to End in 2012?

2 2 3

&

“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

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Canada's jobless rate fell for the first five straight months of employment time in five months in February because declines. Poor prospects mean almost fewer people were looking for work, 200,000 of them have left the labour rather than any pickup in the labour force since the recession began. The market, Statistics Canada said. youth participation rate has tumbled to a

16-month low and is approaching 1995 Employment fell by 2,800 after a levels.January increase of 2,300, Statistics

Canada . The unemployment rate fell to Canada's job growth has been 7.4 percent from 7.6 percent as 37,900 slowing since the middle of last year people left the labor force, the largest after hiring gains led the economy out of drop since January 2009. a recession in 2009.

The jobless among young people Here are some comments about the rate hit 14.7 per cent last month – its situation:highest level since October, 2010 – amid

BMO announced again that it is frills," added Moffat. "Our standard dropping the interest rates on a five-year features and benefits include acceler-mortgage to a historic 2.99%, a reduc- ated payment and deferral options, tion of 50 basis points on the existing prepayment privileges and amortization rate. The rate on 10-year mortgage has choices of up to 30 years. This mort-also been slashed to 3.99%. Both the gage offer is also eligible for our RBC five-year and 10-year rates carry a 25- Homeline Plan." year amortization period. Both deals are This rate is a special discounted rate available until March 28. BMO believes below our posted rate and is only the housing market is poised for a soft available on new mortgage applications 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 econ-omy 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 that fund within 120 days of the start Equity Financing, RBC. "Many life date of the application. Not available in events can happen over the term of your combination with any other offer or rate mortgage - a new baby, a job loss, a discount. Other terms and conditions promotion, or the sale of your home. It's may apply. Offer may be withdrawn, or important to read the fine print to make amended without notice at any time. sure your mortgage has payment If you are looking for a mortgage, do flexibility that will enable you to adjust your homework and shop around. Who to life events." knows, you may get the best deal in the

"RBC mortgages come with all the market.

ttawa plans to replace the Oimmigran t en t r ep reneur program it shelved last year with a new system aimed at identifying and speeding the path for “high value i n n o v a t o r s , ” C i t i z e n s h i p a n d Immigration Minister Jason Kenney said.

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Minister Kenney'sImmigration System

Vision of a Fast andFlexible

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 job of attracting entrepreneurs and across the country and addressing long- investors to Canada, noting that we lag term regional labour needs. behind the U.S., where half of the top 50

venture-capital backed companies are While recognizing these improve-founded by immigrants.ments, the Minister indicated that more

challenges lie ahead in seeing his vision While noting progress to date, he realized. He noted, for instance, that the also promised to do more to reduce the current points system used to assess legacy of backlogs, where there are wait federal skilled worker applicants needs times of seven years or longer in some to be more flexible and intelligent. It categories.should place greater emphasis on the “It makes no sense to tell people importance of language, he said, while 'apply now, but put your life on hold for recognizing that the language ability a few years before we'll even let you needed to successfully integrate in know if you qualify,'” said the Minister. Canada is different for a doctor as “I will continue to make changes to opposed to a welder. It should also place create a faster, more flexible immigra-greater emphasis on younger workers tion system. Canadians need and with high quality credentials that can be deserve a system that boldly puts recognized quickly. Canada's best interests first.”

The Minister pledged to do a better

INSIDE

STORY TIME

“Ontario is still the number one destination for

immigrants” Dalton McGuinty

3 Paths To Out Performance

Your Home Dreams Fulfiller

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Market Review

MORTGAGE WAR AGAIN?

Hidden story falling jobless Canada of a rate in

>>Cont. Pg.2

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10 MARCH 2011 MONEYDREAMS &

Conferencing etc. Zoho also takes the sharing aspect up a level by introducing Document reviewing capabilities, Though I say light weight, it Group collaboration etc.contains everything the

To use Zoho Docs, you need to create average user would need.a Z o h o . c o m a c c o u n t . Vi s i t All you need to do to use http://www.zoho.com/docs and login this is sign up for a “Live.com” with you Zoho account. You will be account and then v i s i t presented with an interface that is http://skydrive.microsoft.com. similar to the other two suites, but one You will see the list of files you that is more colorful and presents you with more options.

How do they compare against each other?

have saved. When you log in for the first In terms of features, Zoho Docs wins time, this list will of course be empty. out on top of the other two. In terms of You will also see the option to create similarity to Microsoft Office, “Word”, “Excel” files etc. Clicking on Microsoft Office Web App is the the create link, will launch the actual obvious winner. And the only place app. where Google Docs wins is its simplic-

ity and its integration with your Google account.If you would like to try something

different, you could try Google Docs. At the end of the day, if you already The interface for Google docs is similar have a Google account or a Live.com to the interface of the old Microsoft account, you will find it most conve-Office. The biggest advantage that nient to use Google Docs or Microsoft Google docs has over Microsoft Office Office Web Apps respectively. If you Web Apps is the collaboration it 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

supports. Google docs makes it easy for intimidating. But if you are a group of you to share a document with someone tech savvy people interested in collabo-else and the two of you can edit the ration, document reviewing process, document and the changes will be seen document versioning etc., it may just be by both people at the same time. your cup of tea.

This is great when you have to work So to summarize it, if you are a light with someone on a document. Imagine user (and most people are), use Google asking an assistant to fill in the times in Docs if you already have a Google the excel document, and you can see the account or else use Microsoft Office results right away. They do not have to Web Apps. If you are a power user send you a separate file, from which you interested in advanced collaboration copy the changes. capabilities working with documents,

To use Google Docs, you need a use Zoho Docs.Google (or gmail.com) account. Visit That's it for this issue. If you're http://docs.google.com and login with business is facing some problem and your Google account. You will be you wish to know if there is some presented with your existing files and software that can help you with it, feel given the option to create new docu- free to contact me about it. Until next ments, spreadsheets etc. time, ciao.

Zoho offe rs an 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 M a n a g e m e n t ,

Google Docs

Zoho Docs

oftware simplifies our life. It can help us do things faster and do S

them better. And to a business those are Word, Excel, PowerPoint etc. good things. The right software can These are great software improve your productivity and enhance products, but Microsoft Office your profitability. In this column, every also come with a high price tag issue, I'll take one problem business face (about $150-$700 depending and review different software that can on the edition you buy). So we help businesses deal with that issue. will look at a few free alterna-

These days you can have purely web tives. We will be covering:based software. Web based software are Ÿ Microsoft Office Web generally cheaper (or free) and usually Apps (http://skydrive.microsoft.com)offer distinct advantages – like secure

Ÿ Google Docs storage, backed up data and instant

(http://docs.google.com)upgrades to the latest version of the

Ÿ Zoho Docs software. For these reasons, this column (http://www.zoho.com/docs/)will mostly focus on web based soft-

ware.If you are used to Microsoft Office, The question of the week is: How

the most logical thing you should try is can businesses create and manage the online version of the software. The documents, spreadsheets etc. at a low online application is a light-weight cost? The first thing that would come to version of the Office 2010 desktop most people's mind when this question software, with a very similar interface. is asked is Microsoft Office. It contains

Microsoft Office Web Apps

For individuals: If you receive income from a pension, you can Register for My split up to 50% of eligible pension Account, gather your receipts and income with your spouse or common-NETFILE access code, and sign up for law partner to reduce the taxes that you direct deposit before April 30. pay.Submitting your income tax and benefit

return before the tax-filing deadline Are you still in school? means you can avoid having to pay late- Students can claim the tuition, educa-filing penalties. tion, and textbook amounts. Have you

graduated recently? You may be eligible Save those receipts! All to claim the interest that you paid on the activities you have been paying for your student loans.throughout the year (piano, karate,

tutoring, hockey, and more) may save If you have you money at tax time. children, you may be able to claim child

care expenses that you or your spouse or free savings account - A tax-common-law partner paid so that either

free savings account (TFSA) is one of you could work, do research, or go to great way to save money since you don't school.pay tax on any income you earn from If you're investments in your TFSA. a first-time home buyer you may be

eligible to claim $5,000 on the purchase Any income that you earn in a of your new home, which can save you

registered retirement savings plan up to $750.(RRSP) is exempt from tax, as long as For people who are self-employed:the funds stay in the plan. RRSPs help Did your you save for your retirement and give business employ an apprentice? A salary you a break at tax time too. paid to an employee registered in a

If you or prescribed trade in the first two years of someone in your family is a regular user his or her apprenticeship contract of public transit, then you may be able to qualifies for a non-refundable tax credit claim a non-refundable tax credit based for the employer.on the cost of eligible transit passes.

6. Pension income splitting -

1. Plan ahead -

7. Students -

2. Families -

8. Child care expenses -

3. Tax -

9. Home buyer's tax credit -

4. Registered retirement savings plan -

10. Hiring an apprentice -

5. Public transit tax credit -

CRA tax bill shows top 10 ways to reduce your

Hidden story of a falling... budget to create jobs and to get us on a long-term, sustainable track.” Prime

From Pg.1. Minister Stephen Harper.“Consumer spending aided by low “While Canada's employment

interest rates is still helping drive growth stalled in February, the U.S. job growth,” Bank of Canada. market took another leap forward. One

“This generation of younger workers reason is the consumer. In Canada, are our future labour force … and they consumer spending is slowing while in are facing some pretty unique pressures the U.S. it's starting to pick up. And that other generations didn't have to go consumers tend to create jobs in labour-through,” Francis Fong, an economist at intensive industries, such as home Toronto-Dominion Bank. construction and retailing.” Dana

“We will not keep our eye off the ball Flavelle, Business Reporter.and there will be a lot of measures in the

Useful for Web Applications Businesses

Aishwar .MSoftware Developer

3

10 MARCH 2012MONEYDREAMS &

apital Economics e x p e c t s t h e C

housing crisis to end this year, based on the 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

The to End in U S Housing Crisis 2012?

he Regulators in the UK have Tfound 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

12 millionPPI scam U.K.

to receive letters onin the

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 mis- selling payment protection plan in Canada too. Will the Canadian authori-ties 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.

The Bank of Canada met on The Bank cons idered March 8th for their interest rate several global factors to hold announcement. Similar to the the line on rates. With the target last 11 rate announcements, interest rate near historic lows Bank did not change the key and the financial system overnight lending rate. functioning well, there is

considerable monetary policy The Bank of Canada stimulus in Canada. The Bank plans to decided to maintain its target overnight set monetary policy consistent with rate at 1%. The corresponding bank rate achieving the 2% inflation target over will remain at 1.25% and the deposit the medium term.rate will still be 0.75%.

up from a low during the cr is is of 3 .2 t imes borrower earnings.

Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and poten-tial 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 advan-tage 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 recov-ery, and thereby significantly reduce the number of homeowners who are underwater.”

Bank of Canada acts as widely expected

4

10 MARCH 2012 MONEYDREAMS &

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2. Hire a Real Estate Representative or Market yourself.

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s Time (for advertising, handling enquiries, pre- qualifying the prospect & negotiating)

s Ability ( to do all the above aspects and staging the house for sale)

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s Knowledge ( about the real estate market and the current prices) and

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5

10 MARCH 2012 MONEYDREAMS &

Dear Readers, is a big draw.member of National Ethnic Press popularly known as . On behalf of the members of the Ethnic press and our readers, the Premier was interviewed by Mr. Thomas Saras, A. We still receive more immigrants President of the NEPMCC. We are arriving in Ontariothan all the other pleased to publish Mr.Sara’s questions provinces put together. I will have this and the Premier’s answers. 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

A. Moving forward now, we are about this. We are asking eminent working very hard to prepare our Ontarians to give us their best advice so budget. In that budget we will be that we can together approach the making choices. Some things are more Federal government and say, you know important than others. If you and I were you have a certain relationship you to knock on doors, families would tell developed with British Columbia and you that the support and services that we Quebec, and well we want a special deliver as a government are healthcare relationship here in Ontariotoo, so that example we are now questioning and education. So we have made a we have more say, more authority over whether or not we should be spending commitment to protect healthcare and immigration.$345 million every year to support the education. We will say yes to some hoarse racing industry in Ontario. At a things and no to other things. For time when we have to make choices, if A. We are still net beneficiaries.

we have to choose between healthcare Every year we still gain more people or hoarse racing or education and who come here than leave to go to other hoarse racing, I know where families parts of the country or the world. There would want us to make our choice. So is a natural flow of people in and out of we will continue to be informed by the the Province of Ontario and this is a values that Ontario families have. They good thing. We are not closed off to the want us to be fair. They want everyone world. I will take my own kids for who works in the Public Sector to be example, I tell my kids, and sure I would part of the solution. So we have said to love it if you worked in Ontario but if

A. Let me tell you what we are doing our teachers, for example, we need to you decide that you want to work here in Ontario. We are not going to do you to be part of the solution so we are someplace else in Canadaor the world what the previous conservative govern-asking you to accept a wage freeze. We then all the power to you. Where ever ment did. They took some of their are saying to our doctors they need to you go though be proud to be an responsibilities and downloaded those accept a wage freeze. We will be saying Ontarian, a Canadian. I am okay with onto municipalities and the municipali-to all our Public Sector partners we that. I was recently in Kitchener / ties had to raise their taxes. So this was need you to accept a wage freeze. You Waterloo and met some young people of no advantage to Ontarians them-may have heard Tom, that I announced there from five or six different countries selves. So we said to the municipalities today that MPP’s are going to freeze that are coming to Ontarioto work here. we will not do this to you. We will find a their wages for two more years. That is I was also just in Thunder Bay at another way to manage our financial affairs in a five consecutive years of wage freeze research lab. People there are from the way that does not hurt other govern-for MPP’s. It is important that we be east, from African, Russia, USA the ments. The federal government in the seen to be leading by example. So I Ukraine, so every year we continue to 1990’s, when they attacked their deficit, know that Ontarians are prepared for draw in more and more people who are they did it in a way that hurt provinces. this challenge. They know we have to excited about their future here in So I am saying to the Harper govern-make some difficult decisions. They Ontario.ment, do not do what has been done in understand that it is all about choices. The other thing I should tell you Tom the past. Work with us so that together We are going to work as hard as we can is that we are still the number one recognize that there is just the one to ensure that we protect healthcare, destination, the number one choice for taxpayer, lets find a way to work protect education, find ways to grow immigrants who are coming to Canada. together to tackle our fiscal challenges the economy and make sure that we are Their first choice is Ontario by far. I and find efficiencies.fair. think we are getting more people

coming to Ontario than all the other provinces combined. So we are still a

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

Dreams & Money

NEPMCCQ. The Federal government states that new immigrants who arrive in Canadaare choosing to go to other provinces and less are coming to Ontario.

Q. Mr. Premier, these are harsh economic times for the Province and for the people of Ontario. What is it that your govern-ment has done to provide some sort of security to Ontarians?

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. 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?

Q. Sir, as you stated Ontario is the number Q. Mr. Premier, this province used to be one choice for immigrants. Eventually we the machine that was leading Canada’s 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 newcom-ers.

“Ontario immigrants” McGuinty is still the number one destination for Dalton

>>Go Next Pg.

10 MARCH 2012

DISCLAIMERDreams 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 speci f ic circumstances, you are always advised to consult an expert before acting on any information.

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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.

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THE MISSION

Editor-in-Chief & PublisherPerrii Muthuraman

Direct : 416 473 6100

Editor & Technical AdvisorAishwar Muthuraman

Editorial & Development Committee

V.S. Thurairajah

Karthik .M

Das Narayanasamy

Manivannan

6

MONEYDREAMS & 10 MARCH 2012

From Pg.6 like Francis and Amir Shaikh to give us Ontario. We are not afraid of work. We their very best advice. Don Drummond are confident that on a level playing important to us. We are nearly at a point provided us with some preliminary field we can compete and we can win on now Tom, that the growth in our labour advice. But I am convinced that if you the basis of our talent and the basis of force is entirely dependant on immigra-take a look at all the money to be found our inherent strengths as Ontarians and tion. If we want to grow this economy in the system, that it is not being used as Canadians. So we will be very careful we want to make sure that we remain efficiently as possible and we are not going down this road to make sure that attractive to immigrants and that we doing enough to help people who find we are not going to compromise have the necessary supports in place to

make sure that immigrants become as themselves in need of support to given ourselves here. But we are confident at strong as they can as quickly as possible. t hem the nece s sa ry t r a i n ing . this point in time enter into an agree-A. Well, if our dollar comes down That’s why the federal government Overwhelming the people in the social ment which is good for Ontario.this is helpful to our manufacturers here owes us over $2 million on an outstand- systems are telling us, “I just want a job; in Ontario because it means that when ing agreement, which they have been I did not choose to go onto Ontario we export our goods they are more refusing to pay us. And that money by works”. Now for many of those people affordable. A high dollar makes our the way does not go to our government; Tom, they need training. They are not goods more expensive for the world to it goes to our settlement services. ready to go into the work force right buy. So that would not hurt us. But Agencies in the communities who take away. So we need, with a small invest- having said that Tom, we cannot build on responsibility for everything from ment, we can given them the necessary an economy on a low dollar. We have to A. First of all, it is a tremendous English as a second language to some skills so that they are much more build an economy on high skills, high honour for me to serve again as the basic job training, how people find employable. I am convinced and this is education and high level of productivity. Premier. It would have been nice to have housing etc… all these kinds of things something governments have talked What does this mean? It means that our one more seat, but it was not there for us. that is really important to all of us. I am about for at least 20 years and there is a business need to invest in new technolo- It means that there are some differences confident that there are ways to find lot of money that is eaten up along the gies and new equipment and in training and you have to look for ways to include savings in government that does not get way before it gets in the hands of those for the people so that we are working as the opposition to do things so that they in the way of our ability to provide who find themselves in need of special smart as we can. It is not about working can see some of their policies in govern-support to new Canadians. Because supports. So we look forward to longer hours here in Ontario so that we ment legislation. We have to create more when they do well it grows our econ- receiving this report and that we look are more competitive, but it does mean opportunities and reach across the aisle omy. forward to taking some assessment taking advantage of new technologies. to each other and to work together. A

steps. The latest thinking with respect to how real important question for us to always we manage our business and grow our ask is, what do Ontarians expect of us? I businesses and make sure the people think they expect for us to find some that we are using are as smart as they can common ground. Maybe not all the time

A. Well, I leave this to the Finance be. So we will do our part to provide but certainly frequently, find some Minister to make decisions about where good colleges, universities and good common ground and find a way to make we what to spend our money. I cannot apprenticeship opportunities. Even progress on their behave. It is not really speak to that specifically, but what I can when they get into the work place we are A. We will answer that of course in about the Liberals or the NDP or the say again is that making sure we have asking employers to keep investing in the budge. But one of the things we said Conservatives, it is always about the the necessary supports in place for our them, give them some new training for example Tom, is that over half the people of Ontario. And they want us to newcomers is very important to all of us opportunities, keep them smart and money that we spend in government it find a way to make progress for them. I and we want to make sure that we working at the cutting edge.goes into salaries. So now we are saying think everyone sees the economic and continue to do this. to our teachers, we have worked well fiscal challenges and we have different

together, very well together as partners ways of tackling that but the really good and we have better schools today, better news is that we all understand that we education today now I need for you to need to tackle it.take a pay freeze. Now we are saying to Mr. Premier, I thank you once again the doctors that we need you to take pay for taking the time for this interview. On freeze. We are saying to all our public behalf of the members of the Ethnic sector partners, half of the money goes A. Well we are working with the press and our readers allow me to tell

A. I think Tom, that one of the most into salaries so we have to freeze our pay other provinces and the federal govern- you that we always appreciate hearing exciting opportunities before us and I and we are leading by example as you ment in a cautious and responsible way from you.have not yet talked about this publicly know, we have announced a pay freeze to see if we could in fact enter into an Thomas S. Saras, is the President and yet, is the transformation of our social making it five years in a row now. agreement with the European Union. CEO of the National Ethnic Press and supports. I spoke about the Ontario We think that managed properly there Media Council of Canada and Editor-disability support program and Ontario could be considerable opportunities In-Chief of Patrides, N. American works and a whole bunch of other ones. considerable upsides for the people of Review.Now we have asked a couple of people

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?

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?

Q. You referred to our English as a second language program, are you willing to

Q. At the same time we have the continue them the way they are or are you

Drummond report who has asked your looking at cutting some of the services?

government to cut down on support and services. So it seems to be a very compli-cated situation. How is your government going to overcome this?

Q. Yesterday the Toronto Council decided Q. Mr. Premier as I walk the streets of our to ask you not to allow Toronto to get into great city, I see many older people begging the European agreement for free-trade. To for money. This is something that I have be honest with you I was surprised to hear not seen before. I believe that this shows a a city wants to be excluded from an problem with our social services. Are you agreement that nationally will be done aware of this and if so what is it that you with the European Union.can do?

Q. European politicians I believe have gone a bit further than a pay freeze, they have agreed to a pay cut in Italy, France

3 Paths To Out Performance yourself as you will get slaughtered. could be massive. And gladly there are still plenty of Better select strategy 2 or 3. stocks providing hefty dividends of 3%, Conclusion: More realistic route to By: Steve Reitmeister, Zacks.com 5% and even up to 10% a year. Many of profits than #1. But may be too risky for

These are unique times. And it calls these are solid growth companies that some who are more conservative. Or With the economy expanding, even for unique investment strategies to be will still enjoy some capital apprecia-need to use that investment fund as a at a modest pace, it leads to corporate successful. My goal today is to provide tion to boot.source of income 5-10 years down the earnings growth. That, in combination 3 clear cut strategies. road. Pro: Safest, surest and most consis-with low rates of returns on cash and tent route to out performance given bonds, gives an upward long term bias

Given that the Muddle Through combination of both capital apprecia-to the stock market.market is prone to big bull and bear runs, tion and dividend income. It would also That is why it can be effective to load Right now cash accounts (checking, then market timing these moves could preserve your nest egg the best when the up your portfolio with fundamentally savings, CDs and money markets) pay work out very well. In a perfect world next recession and bear market comes sound stocks (Zacks Rank 1 or 2, next to nothing in interest. And Treasury you would precisely see the top for the around the corner.attractive valuations, improving bonds aren't paying much better. In fact, market and go short to profit on the way Con: You may feel underwhelmed by earnings growth, etc.) and then just hold with these investments you are actually down. And then expertly shift gears and this strategy when the big bull runs take on through the peaks and valleys with losing money relative to the rate of go long for the ride back up. place. (However, your nerves will be the expectation that the general upward inflation. This makes high dividend

Pro: Would make the most profit of calmed once again when the next bias of stocks works in your favor. stocks all the more attractive.all the strategies if timing done right. ferocious bear returns).Pro: Produces quality profits over

Con: Would LOSE the most money if Conclusion: This strategy is not just the long haul.done wrong. for conservative investors anymore. The Con: Not for the faint of heart as

Conclusion: If you have perfected odds of success are tilted in your favor there will be times you are down 20-market timing moves in the past, then because of the ultra low rates of returns 30% when those bear runs come along. this is the one for you. However, if your on cash and bonds thanks to Fed Also, if there truly is a recession, and track record is spotty, then don't kid interventions.you hold too long, then your losses

Strategy #2: Buy and Hold

Strategy #1: Timing Trades Strategy #3: Dividend Stocks for High Total Return

7

10 MARCH 2012 MONEYDREAMS &

Asian and European markets opened last day of the week, Asian markets rose with weak note on fears that higher oil as euro-zone debt worries eased after prices will hurt the global economic successful government bond auctions in recovery and Europe's lingering debt France and Spain on Thursday and after problems kept investor enthusiasm in a trade body ruled on that day that there check. Meanwhile, Euro zone countries had not been a credit event to trigger a pledged on Sunday, at a meeting of payout on privately held Greek govern-finance leaders from the Group of 20 ment bonds. economic powers, to reassess next German lawmakers approved month the strength of their bailout fund. Monday a politically unpopular second However, market recovered from the bailout for Greece. The vote on next day on positive economic data Germany's contribution to the €130 from US. US stocks mostly higher as billion rescue package passed with a data showed further improvement in the large majority, despite opposition from US housing market. Technology and within German Chancellor Angela finance stocks also led the rally. Merkel's Christian Democratic Union. European stock markets reversed initial The US government reported orders for losses on Thursday. Asian stocks edged long-lasting goods declined in January lower on Thursday after US stocks by the most in three years. Activity faltered on Wednesday as Federal across the British manufacturing sector Reserve Chairman Ben Bernanke continued to grow in February, but at a dashed hopes of additional quantitative slower pace. Japanese government data easing and expressed a cautious view on showed a sharper-than-expected drop in the domestic recovery. US stocks ended household spending and a modest rise in Thursday's session with gains, helped unemployment, although deflation was by a drop in weekly jobless claims to the slightly better than forecast.lowest level since March 2008. On the

Indian Market Weekly outlook – week begins from 5th March 2012

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

Indian market declined during the bourses due to uncertainties over week on data showing slowdown in elections results in five states due on GDP growth and on concern over higher Tuesday, 6 March 2012. The stock oil prices. Sensex declined 1.6% to market remains closed on Thursday, 8 17636.80 and Nifty declined 1.29% to March 2012, on account of Holi. 5359.35 for the week ended 2nd March

Investors will closely watch move-2012. More outflows by foreign ment in crude oil prices. A steep rise in investors also weighed on sentiment. crude oil price could derail global

The Indian economy expanded 6.1% economic recovery and increase in the October-December quarter from a inflationary pressure. India imports

year earlier, the weakest pace in more two-thirds of its oil consumption, so an than two years, hurt by slower growth in increase in oil prices will hurt its fiscal manufacturing output and a contraction balance substantially. Oil has advanced in mining production. Growth in gross this year amid concern that sanctions domestic product was slower than the against Iran's nuclear program will 6.9% expansion posted in the July- disrupt crude supplies from the second-September quarter. India's merchandise biggest producer in the Organization of exports in January 2012 rose by 10.10% Petroleum-Exporting Countries. Iran to $25.35 billion while imports during has threatened to shut the Strait of the same month climbed by 20.25% to Hormuz, a transit route for a fifth of the $40.10 billion. As a result, the trade world's oil, in response to an embargo. deficit for January stood at $14.76 Union Budget and the Reserve Bank billion compared with $10.33 billion in of India's policy review, both due in the corresponding month a year earlier. mid-March 2012. The Reserve Bank of India's fiscal deficit during April to India is slated to announce the mid-January was Rs 4.35 lakh crore or quarter policy review on 15 March 105.4% of the full-year target. India's 2012, a day before the presentation of manufacturing sector expansion slowed the Union Budget 2012/13. At third-slightly in February from a month ago, quarter policy review in January 2012, although the pace of growth remained RBI had announced a cut of 50 basis healthy as new orders touched a 10- points in the cash reserve ratio (CRR), month high. The HSBC manufacturing citing tight liquidity pressures. Purchasing Managers' Index (PMI),

M.Shekar

Global Market Weekly Review – Week Ended 2 March 2012

TSX NORTH IS MOVING IN THE

Stocks turned in modest gains on holdings for bonds with longer maturi-March after investors digested strong ties and lower interest rates. The monthly U.S. payrolls numbers and a exercise is designed to eliminate more successful Greek bond swap among than €100-billion ($131-billion U.S.) of private bondholders. Greek debt.

In Canada, the S&P/TSX composite The U.S. Labor Department also index closed at 12,503.62 on March 9. reported that the economy generated

227,000 jobs in February, marking the The Dow Jones industrial average third straight month of gains above the closed at 12,922.02. The broader S&P 200,000-mark. The unemployment rate 500 closed at 1370.87.held steady at 8.3 per cent, which was in Greece had reached its bond-swap line with expectations.target with the private holders of Greek

All these developments made TSX debt, which will see them trade their to look upward once again

Source : Yahoo Finance

TSX Trend Feb 27, 2012 to Mar 8, 2012

TSX Trend Jan 1, 2012 to Mar 8, 2012

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

JUST FOR YOUR LAUGHTER

8

Just east of Queen’s Park, on Native and Inuit sculptures, paintings, Wellesley Street West, through a jewellery, as well as a collection of bustling crowd of pedestrians, and an various crafts within a confined space of array of ordinary store fronts, you find 700sq ft. Few of them are published yourself slowing down your pace here.searching for the faint sound of Since Armen Art Gallery opened in Aboriginal music. As the sound of 1982, it has featured a diverse collection woodwinds lure you closer, you’re of North American Native Art with a greeted with a display of vibrant colours focus on Canadian artwork, including of Native Canadian art and memorabilia those from tribes such as Woodland, and at Armen Art Gallery. Haida. The gallery displays a medley of

Armen Art Gallery has been a original serigraphs, paintings, wood and landmark in the heart of downtown stone carvings, jewellery, drums and Toronto for almost 30 years. Since its masks that share a profound spiritual inception in 1982, he has carried a vast significance to the Native culture. variety of hand-crafted Native- Armen Art Gallery provides a unique Canadian art from tribes across Canada. opportunity to discover the rich heritage It is one among a faction of stores in all of our country from a distinctly native of the GTA that offers a vast variety of 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.

MONEYDREAMS & 10 MARCH 2012

Pictures tell Native Canadians’ story

PRESERVING NATIVE-CANADIAN ART FOR 30 YEARS