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Food App Couriers Rely on Tips—but Customers Are No Longer Feeling Generous + MORE Aug 23rd
Food-app delivery workers are becoming more and more frustrated with the tips they are receiving from customers. On social media, people who work for apps like Uber Eats, Skip the Dishes and DoorDash are posting videos of their daily earnings, revealing they can make as little as $3 per order—that.... More »
RESP advice for Canadian citizens living in the U.S. Jun 16th
Q. I opened a RESP account while I was living in Canada, as a Canadian citizen. A few years back, we moved to the U.S., where my kids are going to college and university. I still have an active RESP account and make regular monthly contributions.
We file our tax returns in the U.S. only, since we de.... More »
Should investors worry about suspended guidance? + MORE Apr 26th
If you’ve been paying attention to the companies in your portfolio over the last few weeks, you’ll have noticed that many of them have said something about “suspending guidance.” Rogers Communications is one of the more recent businesses to do just that, announcing on its April 22 first quar.... More »
Transat shares surge after positively revising summer earnings outlook + MORE Aug 22nd
Shares of Transat A.T. surged on Monday to the highest level since early 2015 after the travel company signalled that it is having a significantly more profitable summer season than it had expected..... More »
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings - The Globe and Mail + MORE Dec 4th
Immigration and trade policies cloud next year’s outlook, RBC CEO says as two major banks report Q4 earnings The Globe and MailRBC reports Q4 profit rose to $4.2B despite softening Canadian economy BNN BloombergRoyal Bank of Canada reports $4.22-billion Q4 profit, raises quar.... More »
Toronto stock index takes a pause after five sessions of advances, loonie rises
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange has taken a pause this morning following several days of gains.
The S&P/TSX composite index was down 19.32 points at 14,781.91 after nearly two hours of trading.
The index had risen for five sessions going back to last Wednesday.
The Dow Jones industrial average was down 43.52 points at 18,489.53, the broader S&P 500 composite index declined 7.0 points to 2,174.74 and the Nasdaq composite lost 26.63 points to 5,198.86.
The Canadian dollar was at 76.50 cents US, up 0.30 of a cent from Tuesday’s close.
The September crude contract was down 65 cents at US$42.12 per barrel and September natural gas was down three cents at US$2.59 per mmBTU.
The December gold contract rose $4.10 to US$1,350.80 an ounce, while September copper contracts rose two cents to US$2.18 a pound.
The post Toronto stock index takes a pause after five sessions of advances, loonie rises appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was down 19.32 points at 14,781.91 after nearly two hours of trading.
The index had risen for five sessions going back to last Wednesday.
The Dow Jones industrial average was down 43.52 points at 18,489.53, the broader S&P 500 composite index declined 7.0 points to 2,174.74 and the Nasdaq composite lost 26.63 points to 5,198.86.
The Canadian dollar was at 76.50 cents US, up 0.30 of a cent from Tuesday’s close.
The September crude contract was down 65 cents at US$42.12 per barrel and September natural gas was down three cents at US$2.59 per mmBTU.
The December gold contract rose $4.10 to US$1,350.80 an ounce, while September copper contracts rose two cents to US$2.18 a pound.
The post Toronto stock index takes a pause after five sessions of advances, loonie rises appeared first on Canadian Business – Your Source For Business News.
From Wall Street to Sing Sing
– online.wsj.com
The Bernie Madoff of his time, Richard Whitney had tasted glory in 1930 as the youngest president ever of the New York Stock Exchange.Surviving baby’s first year
– moneysense.ca
(Photograph by Roberto Caruso)When Jacqueline Misshula went on maternity leave last September, the Toronto-based human resources manager had the typical concerns of most first-time parents. Could she handle the constant feedings, non-stop diaper changes, serious lack of shut-eye—and would there be enough money?
This financial worry is hardly trivial. By our own previous estimates at MoneySense, raising a child in Canada will set you back a whopping $243,660, or more than $12,825 a year, if you include everything from toddler-friendly Goldfish crackers to swishy shoes for high school graduation. But it’s that first year, when parents are juggling big-ticket baby expenses with slashed parental leave income, that creates a perfect storm for anxiety and debt.
“It’s definitely challenging,” says Misshula, now more than halfway through her leave. “We’ve had to make changes to our lifestyle in order to be able to still live in the city and maintain some normalcy.”
As Misshula herself has learned, there are indeed tips, tricks and hacks that can help new parents and parents-to-be survive the cash crunch of the first 12 months…
Almere Poort, The Netherlands. (Adrienne Norman)Many Western countries, Canada, the U.S. and Britain among them, are currently facing a housing crisis when it comes to middle- to low-income residents. A combination of soaring real estate values, high rents, stagnant wages and a premium on urban space have conspired in recent years to make it difficult for regular working people to acquire stable, affordable family housing. It seems the Dutch—known for their industriousness as well as their love of cycling and social liberalism—may have hit upon a surprising solution in the form of radical DIY.
After the devastating financial effects of the 2008 market crash shut down property development in the Netherlands, the Dutch government decided to encourage the notion of self-built housing—i.e. new homes, often constructed in large-scale developments, but financed and customized by private individuals (not developers) with help from government stimulus schemes. While the Canadian and British governments offer first-time buyers certain advantages and incentives (for instance, the right to borrow against any RRSPs in Canada), the Dutch government has, for nearly the past decade, heavily subsidized private investment in new housing projects for middle- to low-income buyers…
Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract
– canadianbusiness.com
MONTREAL – Bombardier’s railway division has won a $1.7-billion order to build 660 railway cars that will secure 1,000 jobs at its Derby facility in England.
Britain’s Department for Transport says the contract is part of a broader effort to improve service in the region of East Anglia, and described it as the country’s biggest railway investment since the Victorian era.
Bombardier (TSX:BBD.B) says the order for the electric Aventra railway cars will sustain 1,000 assembly, engineering and other jobs at the Derby facility for the duration of the contract, which still has to be finalized.
The faster Aventra trains are expected to cut journey times by an average of 10 per cent, and will hold more seats and offer free Wi-Fi to all passengers.
Swiss manufacturer Stadler Rail will provide the remaining 383 cars in the 1,043 order.
Delivery of the new carriages will begin in January 2019.
The post Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract appeared first on Canadian Business – Your Source For Business News.
Britain’s Department for Transport says the contract is part of a broader effort to improve service in the region of East Anglia, and described it as the country’s biggest railway investment since the Victorian era.
Bombardier (TSX:BBD.B) says the order for the electric Aventra railway cars will sustain 1,000 assembly, engineering and other jobs at the Derby facility for the duration of the contract, which still has to be finalized.
The faster Aventra trains are expected to cut journey times by an average of 10 per cent, and will hold more seats and offer free Wi-Fi to all passengers.
Swiss manufacturer Stadler Rail will provide the remaining 383 cars in the 1,043 order.
Delivery of the new carriages will begin in January 2019.
The post Bombardier to sustain 1,000 jobs with $1.7-billion British railway contract appeared first on Canadian Business – Your Source For Business News.
