How to go about securing the best return for your investment in Canada.
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Trudeau's comments on social housing funds make Nenshi 'very, very, very happy' - CBC.ca Jan 21st
CBC.caTrudeau's comments on social housing funds make Nenshi 'very, very, very happy'CBC.caNaheed Nenshi says he's pleased by a potentially "unprecedented investment" in social housing promised by the prime minister, as Canada's big city mayors met in Ottawa Friday.... More »
A company I hold stock in was acquired or merged—do capital gains apply? + MORE Aug 8th
Ask MoneySense
A stock I used to own was recently sold to a private equity firm. Is there a strategy for avoiding a capital gain on a sale I did not authorize? I voted against the sale.—Mary
Tax implications of acquisitions, mergers and spinoffs
There are a few transactions that can have u.... More »
Tesla Learns To Dance To Elon Time - CleanTechnica Jan 31st
Tesla Learns To Dance To Elon Time CleanTechnicaTesla's soaring stock raises questions about its future growth AxiosTesla is becoming the cheaper electric car QuartzTesla is proving itself as a carmaker The EconomistTesla Reveals Model 3 Deliveries By Regi.... More »
City hall is banking on Toronto’s real estate market picking up in 2026. What’s behind their optimism? + MORE Jan 11th
Budget prediction comes as last year's Toronto-area home sales hit a 25-year low..... More »
How will the outcome of the U.S. election affect financial markets? + MORE Nov 1st
Whichever candidate wins the U.S. president election next Tuesday, experts say investors will be relieved to shed some uncertainty over what kinds of policies to expect.
But macroeconomic factors like interest rate cuts and geopolitical tensions will be far bigger influences on markets in t.... More »
Business Highlights
– canadianbusiness.com
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Some Delta systems haven’t recovered fully from outage
DALLAS (AP) — Delta Air Lines said Tuesday that some computer systems are still working slowly more than a day after an outage crippled the airline and led to more than 1,500 cancelled flights. The system the airline uses to check in and board passengers and also dispatch its planes is still sluggish.
A critical piece of equipment failed at the airline’s Atlanta headquarters Monday, causing a loss of power, and key systems and equipment did not switch over to backups as designed.
Delta passengers endured hundreds more cancelled and delayed flights Tuesday as the carrier slogged through day two of its recovery from the meltdown.
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US stocks eke out small gains; Nasdaq sets record close
U.S. stocks recovered from a late-afternoon slide to eke out small gains Tuesday, nudging the Nasdaq composite to its second record close in less than a week.
The three major stock indexes, all of which set new highs last Friday, rebounded from a slight decline on Monday…
Some Delta systems haven’t recovered fully from outage
DALLAS (AP) — Delta Air Lines said Tuesday that some computer systems are still working slowly more than a day after an outage crippled the airline and led to more than 1,500 cancelled flights. The system the airline uses to check in and board passengers and also dispatch its planes is still sluggish.
A critical piece of equipment failed at the airline’s Atlanta headquarters Monday, causing a loss of power, and key systems and equipment did not switch over to backups as designed.
Delta passengers endured hundreds more cancelled and delayed flights Tuesday as the carrier slogged through day two of its recovery from the meltdown.
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US stocks eke out small gains; Nasdaq sets record close
U.S. stocks recovered from a late-afternoon slide to eke out small gains Tuesday, nudging the Nasdaq composite to its second record close in less than a week.
The three major stock indexes, all of which set new highs last Friday, rebounded from a slight decline on Monday…
Jury deliberates at investment banker’s inside trading trial
– canadianbusiness.com
NEW YORK, N.Y. – A jury Tuesday began deliberating the fate of a Yale University-educated investment banker who insists he never told his father to trade securities based on the insider information he shared casually with his wife and parents.
Prosecutors claim Sean Stewart conspired with his father and a broker the son never met to make trades ahead of five company mergers, producing over $1 million in illegal profits.
Stewart, 35, testified that he never imagined his father would make trades based on his mention of company names as he talked about deals he was working on while working at JPMorgan Chase & Co. and Perella Weinberg Partners LP. His father pleaded guilty in the case and was sentenced to a year of home detention.
Shortly after beginning deliberations after noon, the Manhattan federal court jury asked for a definition of insider trading. It deliberated for nearly six hours before going home for the day. Before leaving, jurors asked to receive a copy Wednesday of all of Stewart’s testimony as well as the testimony of one of the government’s chief witnesses, the broker who carried out the illegal trades…
Prosecutors claim Sean Stewart conspired with his father and a broker the son never met to make trades ahead of five company mergers, producing over $1 million in illegal profits.
Stewart, 35, testified that he never imagined his father would make trades based on his mention of company names as he talked about deals he was working on while working at JPMorgan Chase & Co. and Perella Weinberg Partners LP. His father pleaded guilty in the case and was sentenced to a year of home detention.
Shortly after beginning deliberations after noon, the Manhattan federal court jury asked for a definition of insider trading. It deliberated for nearly six hours before going home for the day. Before leaving, jurors asked to receive a copy Wednesday of all of Stewart’s testimony as well as the testimony of one of the government’s chief witnesses, the broker who carried out the illegal trades…
Financial Freedom Target: Age 50
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I don’t believe I’ve ever shared an age-related date in a post on my site about our financial journey – until now. Inspired by Robb’s post here today’s post highlights some of our lofty financial milestones in the coming seven years.
Projected assets by the end of 2023:
I don’t believe I’ve ever shared an age-related date in a post on my site about our financial journey – until now. Inspired by Robb’s post here today’s post highlights some of our lofty financial milestones in the coming seven years.
Projected assets by the end of 2023:
Principle residence = $600,000 (conservative value). I’m assuming our house value will increase by about 2% per year going-forward to reach this amount but I’m not betting on it. We are not counting on our house for a retirement plan.
Defined benefit pension (mine) = $450,000 (conservative, commuted value). I’m very grateful for this pension. I hope to work at my current place of employment for another seven years however nothing is guaranteed.
Defined contribution pension (wife) = $400,000 (conservative, commuted value). Her defined contribution pension plan is not as good as mine but remains very valuable. I assume my wife will continue to work full time for another six to seven years until 2023…
The recent economic picture in Canada can hardly be called rosy. But despite that, the benchmark index of the Toronto Stock Exchange sits at its highest level in more than a year. We talked to market analysts to find out why this seeming disconnect exists.
Why Canadian stocks are doing so well when the economic data has been so poor – CBC.ca
– news.google.ca
CBC.caWhy Canadian stocks are doing so well when the economic data has been so poorCBC.caThe recent economic picture in Canada can hardly be called rosy. The country lost more than 31,000 jobs last month, our trade deficit is at a record high, the most recent monthly reading of GDP was the weakest in seven years and oil prices — so vital …The close: Valeant-led TSX continues to climbThe Globe and MailTSX higher for 5th straight day on soaring Valeant shares; Nasdaq sets record680 NewsValeant surge helps TSX extend 13-month highReuters CanadaFinancial Post -Daily Mail -Baystreet.ca -Reutersall 48 news articles »
