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Microsoft inks Nvidia game deal to assuage regulators over Activision merger - Financial Post + MORE Feb 21st
Microsoft inks Nvidia game deal to assuage regulators over Activision merger Financial PostMicrosoft President Is Carrying That Giant Sony Call of Duty Deal In Pocket, Weirdly KotakuMicrosoft signs 10-year deal to bring Call of Duty to Nintendo platforms MobileSyrupN.... More »
GTA home prices cap tumultuous year with meagre gain in December - The Globe and Mail + MORE Jan 4th
The Globe and MailGTA home prices cap tumultuous year with meagre gain in DecemberThe Globe and MailToronto area home prices ended 2017 with a gain of less than 1 per cent from a year earlier, wrapping up a tumultuous year marked by an early boom followed by a sharp correction in the wake of governm.... More »
6 smart strategies for first-time home buyers Jun 17th
If you’ve been thinking about buying a house, you may be wondering how you’ll know when it’s “the right time.” If you don’t have a 20% down payment saved up, is it still OK to consider buying? If you can’t afford your forever home, should you still jump into ownership now? And does the.... More »
How improving your financial literacy can help ease stress in a tough economy + MORE May 23rd
The "Big Five" Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let's explore the best place for you to invest.
Best online brokers in Canada fo.... More »
Sears Canada board members have earned more than $600K since retailer's demise — and are still being paid Aug 2nd
The law firm representing former employees will appear in court this month to aruge that Sears' Canada's board of directors is a financial drain and should be disbanded..... More »
Desperately seeking drivers, Uber and Lyft offer car options
– canadianbusiness.com
No car? No problem for ride sharing companies like Uber and Lyft.
These companies are offering rentals, leases and financing deals aimed at getting more drivers on the road. After all, the more drivers they sign up, the more rides are available and the more money they make. But critics say drivers are paying high and even predatory prices.
“The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, chief financial analyst at Bankrate, of Uber’s Xchange leasing program.
The deals have also caught some regulators’ attention. The California Public Utilities Commission is probing whether some of these leasing and renting arrangements run afoul of its requirement that ride share drivers use a “personal vehicle.”
Uber and Lyft say these programs serve people who are eager to work for a ride sharing company but do not have a vehicle or don’t have one that qualifies. Requirements of many traditional leases, such as mileage limits or long-term contracts, don’t work well for their drivers…
These companies are offering rentals, leases and financing deals aimed at getting more drivers on the road. After all, the more drivers they sign up, the more rides are available and the more money they make. But critics say drivers are paying high and even predatory prices.
“The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, chief financial analyst at Bankrate, of Uber’s Xchange leasing program.
The deals have also caught some regulators’ attention. The California Public Utilities Commission is probing whether some of these leasing and renting arrangements run afoul of its requirement that ride share drivers use a “personal vehicle.”
Uber and Lyft say these programs serve people who are eager to work for a ride sharing company but do not have a vehicle or don’t have one that qualifies. Requirements of many traditional leases, such as mileage limits or long-term contracts, don’t work well for their drivers…
AfroCan mine investment in South Africa falls apart amid dispute
– theglobeandmail.com
Mining minister says gold producer AfroCan should pay for estimated $11-million cost of recovering trapped miners bodies’
A top lesson for investors, RBC's new TSX forecast, and stock picks for the rest of this year
– theglobeandmail.com
A roundup of investment ideas for active investors
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 (14,600.66, up 34.83 points):
Trevali Mining Corp. (TSX:TV). Miner. Up two cents, or 2.22 per cent, to 92 cents on six-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 17 cents, or 2.41 per cent, to $6.87 on 5.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, or 2.19 per cent, to $7.14 on 4.1-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up two cents, or 0.19 per cent, to $10.83 on 3.8-million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.50 per cent, to $9.99 on 3.8-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 10 cents, or 1.50 per cent, to $6.57 on 3.7-million shares.
Companies reporting major news:
Husky Energy Inc. (TSX:HSE). Oil and gas. Up 47 cents, or 3.05 per cent, to $15.89 on 1.4-million shares. Husky Energy Inc. says it made financial progress in the second quarter, but the positive news is being offset by a pipeline leak that has spilled up to 250,000 litres of oil and other material into the North Saskatchewan River…
Toronto Stock Exchange (14,600.66, up 34.83 points):
Trevali Mining Corp. (TSX:TV). Miner. Up two cents, or 2.22 per cent, to 92 cents on six-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 17 cents, or 2.41 per cent, to $6.87 on 5.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, or 2.19 per cent, to $7.14 on 4.1-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up two cents, or 0.19 per cent, to $10.83 on 3.8-million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.50 per cent, to $9.99 on 3.8-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 10 cents, or 1.50 per cent, to $6.57 on 3.7-million shares.
Companies reporting major news:
Husky Energy Inc. (TSX:HSE). Oil and gas. Up 47 cents, or 3.05 per cent, to $15.89 on 1.4-million shares. Husky Energy Inc. says it made financial progress in the second quarter, but the positive news is being offset by a pipeline leak that has spilled up to 250,000 litres of oil and other material into the North Saskatchewan River…
How many beneficiaries can you have?
– moneysense.ca
A reader asked, “Is there is a maximum number of beneficiaries allowed? My mother-in-law’s financial institution told her there is a max of five. But she has seven children and wants them all listed on her accounts, including her TFSA.”Frank Di Pietro, assistant vice-president of tax and estate planning at Mackenzie Investments, tells us the Income Tax Act does not restrict the number of beneficiaries on an account. So, any maximum would depend on the financial institution’s own policies.
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What you need to know about inheritance rights
We asked the Big 5 banks what their policies were. Three got back to us, and we’ll update as needed.
Bank of Nova Scotia: No maximum. “As a general principle, brokerage clients are entitled to designate multiple beneficiaries for their registered accounts,” says Mark Phillips, managing director, Operations & Product Strategy, Scotia iTRADE…
