At the open: TSX, Dow higher as earnings season begins + MORE Apr 11th

Calgary-based oil producer said it would boost its planned capital spending to $148-million from $70-million previously

The U.S. Justice Department on Monday announced a $5 billion US settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis.

Oil price dips as banks caution on impact of producers’ meeting

Prince William, along with his wife, Kate, during a visit to Gandhi Smiriti, an Indian museum dedicated to Mahatma Gandhi. (Prakash Singh, pool photo via AP)
NEW DELHI — The Duke and Duchess of Cambridge paid respect to Indian independence leader Mohandas K. Gandhi on Monday and met with young entrepreneurs in India’s financial capital of Mumbai to speak with the country’s next generation of business leaders.
On the second day of their weeklong royal tour of India, Prince William and his wife, the former Kate Middleton, spent nearly an hour with the entrepreneurs and the venture capitalists likely to fund some of their enterprise ideas.
Kate, dressed in a cream wool crepe outfit, smiled and waved at crowds of onlookers who had gathered outside the Mumbai cafe where the meeting was held.
Later Monday, the royal couple flew to New Delhi, where they laid a wreath at a memorial to honour Indian soldiers who had died in World War I.
Soon after that, they paid respect to Gandhi, bowing their heads as they stood in front of a memorial for the independence leader…

(Getty Images)
Q: Is it possible to sell my cottage lot, which is located in Ontario, and buy a residence outside of Canada and not pay capital gains tax? My home is located in Toronto, but I’d like to purchase a vacation property in Mexico.
— Kevin H., Toronto

Answer from Romana King, senior editor at MoneySense: The short answer is that you can’t avoid paying capital gains tax, but you can minimize how much tax you have to pay.
To appreciate this, let’s first take a step back to understand what this tax is and why you owe it to the Canada Revenue Agency.
What is capital gains tax?
Under the CRA there are different types of taxes charged on different types of profit. Your work earnings are charged income tax, while certain investment earnings are charged interest and, as a result, subject to income tax rates.
When property that is not used to generate a business income appreciates in value, that appreciation in price is considered a capital gain. You owe tax—known as capital gains tax—on this appreciation if and when you sell the property (less any legitimate expenses associated with its sale)…