KeatsConnelly Cross-Border Weekly Best of the Web 2013-8-16

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets. This week we offer a mix of articles discussing US citizenship, Canada’s mutual fund industry,  and US consumer prices.

Is renouncing US citizenship financially favorable? (www.investmentnews.com)  An increasing number of Americans have decided the cost and hassle of hanging on to their citizenship is too taxing, according to federal data; and this certainly deserves advisers’ attention. About 1,800 people renounced their American citizenship during the first half of this year, compared to about 1,000 for all of 2012, according to Internal Revenue Service data published in late July….

BlackRock entry may be game changer for Canadian mutual fund industry (www.financialpost.com)  BlackRock Canada’s entry into this country’s mutual fund industry with a suite of balanced funds may not be quite the equivalent of Verizon Communications Inc.’s potential interest in entering the Canadian wireless market, but it’s sure to cause some of the incumbents’ eyebrows to rise.If you are a habitual reader of all things related to exchange-traded funds and also keep an eye on mutual funds, you know that Canadians “enjoy” some of, if not the most, expensive mutual funds in the world…

US consumer prices rise slightly (www.advisor.ca)   US consumer prices rose only slightly last month as gas increased more slowly. Overall, the figures showed that inflation remains mild.The Labor Department says the consumer price index rose 0.2% in July after a 0.5% increase in June. Gas prices rose just 1% after jumping 6.3% in June. Over the past 12 months, consumer prices have risen 2%…

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