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25 personal finance highlights from the last 25 years + MORE Oct 15th
Over the last 25 years, personal finance in Canada has transformed enormously. Major economic shifts, new technology and evolving consumer behaviour have led to new policies and events. Here are some of the most interesting personal finance developments in the last two and a half decades:
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Oil prices soar after 11 non OPEC countries agree to cut back output + MORE Dec 12th
TORONTO — Oil prices have soared following a weekend agreement to cut back production by 11 non-OPEC countries.
January crude oil contracts were at US$53.63 per barrel as North American stock markets opened up $2.13 from late Friday. Earlier, they traded as high as US$54.51 a barrel a level that h.... More »
Top International Dividend ETFs for your portfolio – 2017 Apr 30th
Save, invest, prosper with My Own Advisor.
Top International Dividend ETFs
Diversification remains the only free lunch that comes with investing – Modern Portfolio Theory.
According to this theory – one that remains embraced by most financial academics – we can enhance portfolio return.... More »
Why REIT fears are overdone + MORE Oct 13th
Real estate investment trust category is as attractive as it’s been in recent years based on trailing price earnings ratios
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Amaya’s PokerStars takes big share of New Jersey market after just one month + MORE May 17th
MONTREAL – Amaya’s PokerStars captured 46 per cent of New Jersey’s online poker revenue in the first full month of operation in April, the online gambling company said Monday as it released first-quarter results.
The Montreal-based company said PokerStars is helping to grow the Ne.... More »
Capital gains when selling property to family
– moneysense.ca
Q: Do I have to pay income tax if I inherited a property jointly with my sister and she bought me out for less than half the appraised value of the property?—Johanna
A: Asset sales between family members can be tricky to facilitate at a family level, let alone from a tax perspective. There are tax implications to be aware of here, Johanna.
First, a primer on how capital gains tax works. For real estate, it’s based on the sale price, less selling costs, less capital improvements made to the property, less your adjusted cost base (ACB) or acquisition cost.
Fifty percent of a capital gain is taxable and is added to your other sources of income for the tax year. A large capital gain—for example, on a piece of real estate—can easily push you into a higher tax bracket.
There are nuances related to real estate like whether or not a property might qualify as a principal residence, whether a capital gains exemption was declared in 1994 if you inherited prior to that and so on that you also need to consider…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,867.28, up 147.46 points):
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.04, or 8.46 per cent, to $13.34 on 12.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.20, or 15.73 per cent, to $8.83 on 12.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 42 cents, or 4.91 per cent, to $8.97 on 7.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.62 per cent, to $5.89 on 7.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 4.49 per cent, to $5.58 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up eight cents, or 5.10 per cent, to $1.65 on 7.5 million shares.
Companies reporting major news:
Rogers Communications Inc. (TSX:RCI.B). Telecom. Down 93 cents or 1.85 per cent to $49.27 on 1.6 million shares. In a statement issued Monday after markets closed, Rogers reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business…
Toronto Stock Exchange (13,867.28, up 147.46 points):
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.04, or 8.46 per cent, to $13.34 on 12.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.20, or 15.73 per cent, to $8.83 on 12.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 42 cents, or 4.91 per cent, to $8.97 on 7.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.62 per cent, to $5.89 on 7.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 4.49 per cent, to $5.58 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up eight cents, or 5.10 per cent, to $1.65 on 7.5 million shares.
Companies reporting major news:
Rogers Communications Inc. (TSX:RCI.B). Telecom. Down 93 cents or 1.85 per cent to $49.27 on 1.6 million shares. In a statement issued Monday after markets closed, Rogers reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business…
Loonie hits highest level since last July
– canoe.ca
A big bounce in energy prices and strength in metals sent the Canadian dollar soaring Tuesday to its highest level since last summer, while the Toronto stock market saw a triple-digit gain.
Shares in Netflix were down by about 9 per cent in pre-market trading Tuesday as investors digested the company’s latest quarterly earnings.
US stock indexes close mostly higher; oil price rebounds
– canadianbusiness.com
U.S. stocks closed mostly higher on Tuesday, led by gains in energy, mining and financial companies.
The Dow Jones industrial average and the Standard & Poor’s 500 index eked out small gains. The tech-heavy Nasdaq composite closed modestly lower, reflecting a slump in technology stocks, which were dragged down by Netflix and IBM.
The gains in energy and mining companies came as prices for oil, copper and other basic materials rose.
Investors were mostly focused on the latest batch of corporate earnings and on what company managers have to say about their prospects for growing profits this year.
“The market is focused on where we are going to be three months from now, five months from now,” said Quincy Krosby, market strategist at Prudential Financial. “It’s all about the guidance, and it’s also all about what companies are doing to beat on the bottom line.”
The Dow rose 49.44 points, or 0.3 per cent, to 18,053.60. The S&P 500 index gained 6…
The Dow Jones industrial average and the Standard & Poor’s 500 index eked out small gains. The tech-heavy Nasdaq composite closed modestly lower, reflecting a slump in technology stocks, which were dragged down by Netflix and IBM.
The gains in energy and mining companies came as prices for oil, copper and other basic materials rose.
Investors were mostly focused on the latest batch of corporate earnings and on what company managers have to say about their prospects for growing profits this year.
“The market is focused on where we are going to be three months from now, five months from now,” said Quincy Krosby, market strategist at Prudential Financial. “It’s all about the guidance, and it’s also all about what companies are doing to beat on the bottom line.”
The Dow rose 49.44 points, or 0.3 per cent, to 18,053.60. The S&P 500 index gained 6…
