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2022 Income Tax Guide for Canadians: Deadlines, tax tips and more Feb 7th
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
Markets are in turmoil. Where should you invest your RRSP? Feb 16th
Indexes have bounced around by hundreds of points within the space of a few hours. The fear this causes should be a factor in making RRSP decisions, writes Gordon Pape..... More »
Superette’s Mimi Lam on Staying Ahead of the Cannabis Market Saturation Feb 17th
In high school, I watched a lot of Judge Judy and it made me want to become a hotshot criminal lawyer. Instead, I ended up going to Carleton University for international business because the program offered a two-semester exchange. I just wanted to travel and experience new things.
I started to .... More »
Investment clubs a worthwhile entry point into the market + MORE Nov 13th
Though some see them as too old school, a group of young Calgary engineers enjoyed their joint foray into investing..... More »
How should I invest a $60,000 inheritance? + MORE Jul 31st
Creative Commons/Quinn Dombrowski
Q I will be coming into $60,000 in the next month or so. I will use about $10,000 to pay down my line of credit (LOC) and credit card. I already have a TFSA account with lots of room to add more money. I also have a small investment account with my bank, which has.... More »
4 changes in B.C.’s hot real estate market
– moneysense.ca
(Lucidio Studio, Inc. / Getty Images)After weeks of acrimonious headlines and months of finger-pointing, there’s been a few developments that should eventually help ease skyrocketing Vancouver home prices.
Triple the fine
At the end of March, the president of Real Estate Board of Greater Vancouver (REBGV), the provincial trade association that represents British Columbia’s realtors, wrote an open letter to B.C. Premier Christy Clark, criticizing the government’s decision to take steps to end the controversial practice of shadow flipping. During that same week, REBGV members (all of whom are licensed realtors) gathered at their annual general meeting. At the meeting, 80% of the members voted to increase the fines for realtor misconduct.
Up until now, the maximum fine that could be levied against a realtor that had ethically or legally strayed from regulations that govern their conduct was $10,000. Starting early April, this fine tripled to $30,000, said new REBGV president, Dan Morrison…
CNNMoneyTrump will testify after election in Trump University suitTheChronicleHerald.caSAN DIEGO — Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars, his …The Latest: Trump will testify after election on lawsuitOttawa CitizenDonald Trump to testify in Trump University fraud lawsuit — after the electionLos Angeles TimesJudge to consider timing of Trump University trial680 NewsCNNMoney -Bristol Herald Courier (press release) (blog) -The San Diego Union-Tribune -The Hill (blog)all 28 news articles »
A Trump proposal for national debt would send rates soaring
– canadianbusiness.com
WASHINGTON – In the event that the U.S. economy crashed, Donald Trump has floated a recovery plan based on his own experience with corporate bankruptcy: Pay America’s creditors less than full value on the U.S. Treasurys they hold.
Experts see it as a reckless idea that would send interest rates soaring, derail economic growth and undermine confidence in the world’s most trusted financial asset.
The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings.
Trump later clarified that comment to say he would offer to buy the bonds back at a discount from investors in hopes of refinancing them at lower rates.
“I would borrow, knowing that if the economy crashed, you could make a deal,” Trump told CNBC.
Such a move, never before attempted by the U.S. government, would likely spook investors whose trust in Treasury notes keeps global financial markets operating…
Experts see it as a reckless idea that would send interest rates soaring, derail economic growth and undermine confidence in the world’s most trusted financial asset.
The presumptive Republican presidential nominee suggested in a phone interview Thursday with CNBC that he would stimulate growth through borrowing. If trouble arose, he added, he could get investors to accept reduced payments for their Treasury holdings.
Trump later clarified that comment to say he would offer to buy the bonds back at a discount from investors in hopes of refinancing them at lower rates.
“I would borrow, knowing that if the economy crashed, you could make a deal,” Trump told CNBC.
Such a move, never before attempted by the U.S. government, would likely spook investors whose trust in Treasury notes keeps global financial markets operating…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,701.47, up 69.46 points):
Kinross Gold Corp. (TSX:K). Miner. Up 38 cents, or 5.56 per cent, to $7.21 on 9.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.76 per cent, to $9.31 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 14 cents, or 2.26 per cent, to $6.06 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.01 on 7.4 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 30 cents, or 5.20 per cent, to $6.07 on 7.1 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down five cents, or 0.62 per cent, to $8.06 on seven million shares.
Companies reporting major news:
Hydro One Ltd. (TSX:H). Utilities. Up 17 cents, or 0.72 per cent, to $23.92 on 1.1 million shares. Hydro One says a mild winter and storm-related costs weakened financial results in the electric utility’s first full quarter as a publicly traded company…
Toronto Stock Exchange (13,701.47, up 69.46 points):
Kinross Gold Corp. (TSX:K). Miner. Up 38 cents, or 5.56 per cent, to $7.21 on 9.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.76 per cent, to $9.31 on 8.4 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 14 cents, or 2.26 per cent, to $6.06 on 7.5 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.01 on 7.4 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 30 cents, or 5.20 per cent, to $6.07 on 7.1 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down five cents, or 0.62 per cent, to $8.06 on seven million shares.
Companies reporting major news:
Hydro One Ltd. (TSX:H). Utilities. Up 17 cents, or 0.72 per cent, to $23.92 on 1.1 million shares. Hydro One says a mild winter and storm-related costs weakened financial results in the electric utility’s first full quarter as a publicly traded company…
The Latest: Trump will testify after election on lawsuit
– canadianbusiness.com
SAN DIEGO – The Latest on a class-action lawsuit against Donald Trump and his now-defunct Trump University (all times local):
2:25 p.m.
Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars.
A federal judge in San Diego on Friday set a Nov. 28 trial. Trump lawyer Daniel Petrocelli says the presumptive GOP nominee plans to attend most, if not all, of trial and will take the witness stand.
The lawsuit is one of three that accuse Trump University of fleecing students with unfulfilled promises to teach secrets of success in real estate.
Trump’s attorneys resisted the idea bringing the six-year-old case to trial while the real estate mogul was in the race. Plaintiffs had suggested a June trial.
___
11:55 p.m.
A federal judge in San Diego has said he wanted a trial by the middle of this year in a class-action lawsuit against Donald Trump by students of Trump University who say they were defrauded…
2:25 p.m.
Donald Trump will testify after the presidential election on a class-action lawsuit that accuses the billionaire businessman and his now-defunct Trump University of defrauding people who paid up to $35,000 for real estate seminars.
A federal judge in San Diego on Friday set a Nov. 28 trial. Trump lawyer Daniel Petrocelli says the presumptive GOP nominee plans to attend most, if not all, of trial and will take the witness stand.
The lawsuit is one of three that accuse Trump University of fleecing students with unfulfilled promises to teach secrets of success in real estate.
Trump’s attorneys resisted the idea bringing the six-year-old case to trial while the real estate mogul was in the race. Plaintiffs had suggested a June trial.
___
11:55 p.m.
A federal judge in San Diego has said he wanted a trial by the middle of this year in a class-action lawsuit against Donald Trump by students of Trump University who say they were defrauded…
