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Latest News
HBC going private? - Business News - Castanet.net Jun 10th
HBC going private? - Business News Castanet.netShareholders in HBC propose to take the company private CBC NewsHBC stock has best day in years, up on news of asset sale, privatization plan Yahoo Canada FinanceHudson’s Bay executive chair spearheading bid to take re.... More »
What’s the TFSA limit? Here’s the maximum you can contribute for 2017 Jan 9th
The TFSA limit determines how much you can deposit in your Tax-Free Savings Account each year.
The TFSA limit for 2017:
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Feds seek input on shifting some mortgage default risk from taxpayers to banks - CanadianBusiness.com + MORE Oct 21st
The Globe and MailFeds seek input on shifting some mortgage default risk from taxpayers to banksCanadianBusiness.comOTTAWA – The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the sho.... More »
HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th
Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization - Financial Post Nov 14th
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization Financial PostCanopy Growth hit with millions in product return charges, $375M net loss in Q2 Yahoo Canada FinanceCanopy Growth Reports Second Quarter Fiscal 2020 Financial Results&nb.... More »
Disney’s China adventure begins with $5.5-billion park opening
– theglobeandmail.com
The company’s largest overseas investment is banking on China’s middle class and domestic tourism for success
Markets Right Now: US stocks open lower, extending losses
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
9:35 a.m.
Stocks are opening lower as the market’s losses continue for the sixth day in a row.
Energy companies are skidding Thursday as the price of oil continues to fall. Marathon Oil and Halliburton both lost about 2 per cent.
Envision Healthcare fell 5 per cent and AmSurg rose 3 per cent after the companies agreed to combine in an all-stock deal.
Macy’s rose 2 per cent after it reached a tentative deal with workers at its New York store, avoiding a strike.
The Dow Jones industrial average lost 112 points, or 0.6 per cent, to 17,528. The Standard & Poor’s 500 index fell 13 points, or 0.6 per cent, to 2,058. The Nasdaq composite shed 34 points, or 0.7 per cent, to 4,800.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 per cent.
The post Markets Right Now: US stocks open lower, extending losses appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
Stocks are opening lower as the market’s losses continue for the sixth day in a row.
Energy companies are skidding Thursday as the price of oil continues to fall. Marathon Oil and Halliburton both lost about 2 per cent.
Envision Healthcare fell 5 per cent and AmSurg rose 3 per cent after the companies agreed to combine in an all-stock deal.
Macy’s rose 2 per cent after it reached a tentative deal with workers at its New York store, avoiding a strike.
The Dow Jones industrial average lost 112 points, or 0.6 per cent, to 17,528. The Standard & Poor’s 500 index fell 13 points, or 0.6 per cent, to 2,058. The Nasdaq composite shed 34 points, or 0.7 per cent, to 4,800.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 per cent.
The post Markets Right Now: US stocks open lower, extending losses appeared first on Canadian Business – Your Source For Business News.
Before the Bell: TSX heads for losses as traders flee risk assets
– theglobeandmail.com
A look at overnight markets and what's ahead this trading day in North America
No need to boost private pension contributions: Report
– moneysense.ca
OTTAWA – A new study says automatically raising workplace pension contributions in tandem with the cost of living is unnecessary because Canadian retirees increasingly tighten their purse strings after they reach 70 years old.
The report by the C.D. Howe Institute think tank also argues that tying up the extra funds in pension contributions is an inefficient use of scarce financial resources for Canadians.
10 signs you’re ready to retire »
The research says lowering pension contributions for company plans — such as defined-benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.
The study is released a few days before federal Finance Minister Bill Morneau is scheduled to meet his provincial and territorial counterparts to continue quickly evolving discussions on how to boost the Canada Pension Plan.
The federal Liberals have pledged to work with the provinces and territories to enhance CPP. They argue that expanding CPP across the country will ensure more Canadians have a secure retirement…
The report by the C.D. Howe Institute think tank also argues that tying up the extra funds in pension contributions is an inefficient use of scarce financial resources for Canadians.
10 signs you’re ready to retire »
The research says lowering pension contributions for company plans — such as defined-benefit vehicles — would put more money in the pockets of families that are raising kids and paying down mortgages.
The study is released a few days before federal Finance Minister Bill Morneau is scheduled to meet his provincial and territorial counterparts to continue quickly evolving discussions on how to boost the Canada Pension Plan.
The federal Liberals have pledged to work with the provinces and territories to enhance CPP. They argue that expanding CPP across the country will ensure more Canadians have a secure retirement…
