2 dead 7 arrested in Paris suburb standoff

(Updated) A seven-hour police raid took place in an apartment near Paris today, targeting the mastermind of last week’s deadly attacks on the French capital. Seven people were arrested in the raid; two people died, including a woman who set off an explosive. Police are working to verify their identities.Amateur video captured some of the heavy automatic gunfire that erupted when French forces raided an apartment outside Paris this morning. But as the raid began, a woman in the apartment blew up a suicide vest.Police ordered residents to stay inside, and neighbors were evacuated and searched.Officers focused on one apartment that neighbors say is where the raid’s targets were holed up. The main target was Abdelhamid Abaaoud – the man they describe as the mastermind behind the Paris attacks. A Belgian national, he had gone to Syria to join ISIS.The French prosecutor says the mastermind behind last week’s attacks in Paris was not arrested in overnight raids, but there are reports that he was among those killed by police. France’s president Francois Hollande says Paris is at war with ISIS. “A police operation that is particularly dangerous and heavy has just ended. It was aimed at neutralizing during this night the terrorists who were accomodated in Saint-Denis and who were in connection with the authors of the attacks and odious crimes of Friday night.”Hollande added France is sending a warship to the Mediterranean Sea today to step up airstrikes against ISIS.Additional video: Marvin Ryder of the DeGroote School of Business talks about the economic impact of this latest terror attack: read more

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A warning to procrastinators RRSP contribution deadline coming on Monday

OTTAWA – If you haven’t made a contribution to your RRSP account so far this year, investment advisers say you are not alone.But while the volatile ride the Toronto Stock Exchange has taken in recent months may have given reason to procrastinate, the deadline is just around the corner.Linda MacKay, senior vice-president for personal savings and investing at TD Canada Trust, said the stock market fluctuations in recent months may have some pondering what’s the right thing to do.But, she said, the earlier people start saving for retirement, the better.“It is incredibly difficult to time the market and typically if you do try to you’re going to probably miss some of the best times to buy,” MacKay said.“People who are nervous about the market tend to hit the worst days and miss the best days. We know over the long run if you have a good plan and you’re focused on your long-term goals then staying invested in the right investments for your risk tolerance is a better strategy.”For people who want to make an RRSP deduction when they file their tax return for 2015, they have to make their contribution by Monday.Frank Bilodeau, vice-president for the Ottawa and West Quebec district at Scotiabank, acknowledged that everyone faces demands on their time every day. But he urges people not to let opportunity pass.He says if people don’t have time to meet with a financial adviser, they may want to consider making the contribution, but parking it in a high-interest saving account for a week or two until they can. But it is important to make the time to follow up with a financial adviser and invest the money based on a financial plan.“That followup meeting is really worthwhile,” Bilodeau said.A poll done for CIBC found that half of Canadians said they won’t be contributing to their RRSP this year.When asked why, 17 per cent said they preferred other investment options such as tax-free saving accounts, but 41 per cent said they didn’t have the money and 14 per cent said they had other financial priorities.The poll done for CIBC was based on an online survey of 1,501 panellists done on Feb. 9 and 10. The polling industry’s professional body, the Marketing Research and Intelligence Association, says online surveys cannot be assigned a margin of error because they do not randomly sample the population.Helene Marquis, regional director for tax and estate planning at CIBC Private Wealth Management, said setting up a proper investment plan even if people are making a last-minute RRSP contribution is key.Once that’s done, set up a plan for next year, she says.“Instead of procrastinating once again and waiting until the next deadline to contribute next year, the best thing maybe is to create a savings plan on a regular instalment basis,” she said.“When you put your money in a saving plan by regular instalment from your paycheque or whatever you want, at the end of the day you forget it and becomes part of your cost of living.” by Craig Wong, The Canadian Press Posted Feb 25, 2016 8:16 am MDT Last Updated Feb 25, 2016 at 12:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email A warning to procrastinators: RRSP contribution deadline coming on Monday read more

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