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Latest News
Global shares mixed amid concern over US-Canada trade Sep 3rd
European stock markets mostly rose on Monday, after Asia closed lower, amid worries about trade friction between the U.S. and Canada and subdued investor activity due to a U.S. holiday..... More »
Why your bond ETF isn’t losing money + MORE May 28th
I frequently get asked questions about bonds. One reader named Andrew recently asked me: “I have been investing using your Couch Potato strategy for just over three years now,” he wrote. “However, does it still make sense to invest in bonds when they are continually losing money?”
As it happ.... More »
Why blockchain stock listings are set to explode in Canada Dec 7th
Analyst sees 50 firms getting listings within 12 months
.... More »
Feds announce one-time $3,000 payment for Ukrainians taking refuge in Canada - CBC News Jun 2nd
Feds announce one-time $3,000 payment for Ukrainians taking refuge in Canada CBC News'I want to see my kids, my wife': More than 300 Ukrainians land in Halifax Thursday CTV News AtlanticUkrainians who fled to Canada will receive financial help from feds in coming days &nbs.... More »
Ottawa has brought this country's housing fantasy to an end - The Globe and Mail + MORE Oct 4th
The Globe and MailOttawa has brought this country's housing fantasy to an endThe Globe and MailAre you a first-time home buyer concerned about the housing rule changes? Email RYounglai@globeandmail.com and you could be featured in a story. The fantasy of endlessly rising house prices is over. I.... More »
Alberta securities arm eyes mandating public disclosure of women in exec jobs
– canadianbusiness.com
EDMONTON – Alberta’s securities regulator — at the urging of the province — is revisiting a previously rejected plan to publicize the number of women who hold top jobs in publicly traded companies.
Stephanie McLean, Alberta’s minister for the status of women, says she is not prejudging the outcome, but made it clear she does not wish to see the Alberta Securities Commission reject the plan a second time.
“I would not be thrilled if we didn’t move in that direction because that is the way the world is going,” McLean told a news conference Wednesday.
According to the province, nine out every 10 boardroom chairs in Alberta-based companies listed on the TSX are occupied by men. McLean said that gender disparity needs to be put in the spotlight.
“As hard as we work, the top has been out of reach for too many women,” said McLean.
“This happens despite research that shows hiring women to leader positions is not only fair, but makes good business sense…
Stephanie McLean, Alberta’s minister for the status of women, says she is not prejudging the outcome, but made it clear she does not wish to see the Alberta Securities Commission reject the plan a second time.
“I would not be thrilled if we didn’t move in that direction because that is the way the world is going,” McLean told a news conference Wednesday.
According to the province, nine out every 10 boardroom chairs in Alberta-based companies listed on the TSX are occupied by men. McLean said that gender disparity needs to be put in the spotlight.
“As hard as we work, the top has been out of reach for too many women,” said McLean.
“This happens despite research that shows hiring women to leader positions is not only fair, but makes good business sense…
Luxury home sales slip in Vancouver, but pick up in Toronto
– moneysense.ca
TORONTO – A report by Sotheby’s International Realty Canada says sales of luxury homes in Vancouver cooled in July and August, however the high-end market picked up in the Toronto area.The real estate firm says the new foreign buyer tax introduced in Vancouver in August has injected uncertainty into that city’s market, which is expected to moderate headed into the fall.
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Sotheby’s says escalating interest from foreign buyers as well as strong local market fundamentals are expected to boost the Toronto area market.
Sales of single-family homes over $1 million in Vancouver in July fell 30 per cent compared with a year ago to 193.
In August, sales were down 65 per cent compared with a year ago, falling to 95.
Vancouver condominium sales over $1 million in July totalled 93 — up 29 per cent from a year ago — but sales in August fell 49 per cent compared with the same month last year, dropping to 40…
Vancouver to tax empty homes by up to 2% of value
– moneysense.ca
VANCOUVER – Vancouver is proposing to tax homeowners by as much as two per cent of assessed value for units that they declare as vacant.
Mayor Gregor Robertson announced new details of the tax ahead of its introduction to city council next week, with the aim to have it in place in 2017.
He says the most conservative estimate of what the tax could generate is $2 million, which will primarily go towards cost recovery to administer the tax.
8 reasons why Vancouver real estate is so crazy »
The purpose of the tax is to encourage owners to rent out their empty homes in an effort to improve Vancouver’s vacancy rate, which has hovered near zero for years.
In July, the British Columbia government gave the city the authority to create the tax, which is separate from the province’s 15-per-cent tax on foreign purchases of Metro Vancouver real estate.
A study commissioned by the city earlier this year found that as many as 10,800 homes were sitting empty in Vancouver, most of them condominiums…
Mayor Gregor Robertson announced new details of the tax ahead of its introduction to city council next week, with the aim to have it in place in 2017.
He says the most conservative estimate of what the tax could generate is $2 million, which will primarily go towards cost recovery to administer the tax.
8 reasons why Vancouver real estate is so crazy »
The purpose of the tax is to encourage owners to rent out their empty homes in an effort to improve Vancouver’s vacancy rate, which has hovered near zero for years.
In July, the British Columbia government gave the city the authority to create the tax, which is separate from the province’s 15-per-cent tax on foreign purchases of Metro Vancouver real estate.
A study commissioned by the city earlier this year found that as many as 10,800 homes were sitting empty in Vancouver, most of them condominiums…
Oprah Winfrey’s big investment in Weight Watchers has paid off so far, but her Midas touch could be in question given the company’s recent struggles.
