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Tourmaline to buy Shell gas assets in B.C. for about $1.4-billion + MORE Oct 21st
To help fund the acquisition, Tourmaline is issuing $635-million of common shares
.... More »
7 ways to protect yourself from ID theft + MORE Jan 7th
Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases.
According to the CAFC, these are some of the m.... More »
How can my stock losses be used to lower taxes? Sep 17th
Q. I just received a report from my brokerage noting the value of one of my investments was cut in half. Can this loss report be used to lower taxes and how does that work? I understand there is also a specific form used for Canada Revenue, but I’m not sure which ones I need. Thanks, Lesli.... More »
Tax time can be stressful—the right account can keep your money growing Mar 19th
The past year hasn’t been easy: inflation has remained elevated, trade tensions continue, and economic uncertainty is still high. If your budget feels tight, paying off a tax bill this season may feel particularly stressful—especially if you’re a solopreneur (aka you run your business alone) w.... More »
Law restricting foreign property buyers amended, opening door for non-Canadian NHLers - Sportsnet.ca Mar 29th
Law restricting foreign property buyers amended, opening door for non-Canadian NHLers Sportsnet.caFederal government eases some restrictions on non-Canadians purchasing property CBC NewsFederal rule change allows foreign home buyers to make purchases again The Globe .... More »
The Globe and MailUnifor head says pension trade-off needed to secure GM dealThe Globe and MailGiving up a more secure pension scheme to reach a tentative labor deal with General Motors Co was a worthwhile trade-off because workers will benefit from new investment in Canadian plants, the head of the Canadian autoworkers union said on Tuesday.Last minute deal with GM averts strikeCTV NewsNew vehicle to be built in Oshawa under GM dealPeterborough ExaminerBusiness am: Garber hits a nerve, strike averted at General Motors of CanadaMontreal GazetteDriving -680 News -Castanet.net -The Detroit Newsall 102 news articles »
Alberta Environment Minister says climate policy needed for investment
– canadianbusiness.com
CALGARY – Alberta’s environment minister says debate around climate change has become too polarized, and that uncertainty on action will discourage investment.
Speaking to a full house at the Pembina Climate Summit in Calgary Tuesday, Shannon Phillips said the debate in the oil and gas industry has already shifted to how best to tackle climate change — but that the political right in Alberta continues to preach inaction.
“As we move back into the legislature, you will all hear again and again that this is not the right time for action. For some there will never be a right time,” said Phillips.
She said the NDP is pushing ahead with its ambitious environmental agenda, despite strong push back from opposition members who say the plan is too costly for Albertans.
“We are doing all of this in a highly polarized political environment, where the political right in this province can barely conceal their contempt for Premier Notley and her government,” said Phillips…
Speaking to a full house at the Pembina Climate Summit in Calgary Tuesday, Shannon Phillips said the debate in the oil and gas industry has already shifted to how best to tackle climate change — but that the political right in Alberta continues to preach inaction.
“As we move back into the legislature, you will all hear again and again that this is not the right time for action. For some there will never be a right time,” said Phillips.
She said the NDP is pushing ahead with its ambitious environmental agenda, despite strong push back from opposition members who say the plan is too costly for Albertans.
“We are doing all of this in a highly polarized political environment, where the political right in this province can barely conceal their contempt for Premier Notley and her government,” said Phillips…
Unifor head says pension trade-off needed to secure GM deal
– theglobeandmail.com
Unifor National President Jerry Dias says giving up a more secure pension scheme was worthwhile because workers benefit from auto maker’s new investment in Canadian plants
Eye on Shorts: What bearish investors are betting against
– theglobeandmail.com
Short position highlights are provided by TSX Datalinx.
Matt Dunham/APThe Bank of Canada’s governor says today’s era of stubbornly low interest rates means it’s time to revisit retirement plans, temper business investment expectations and encourage policy-makers to pounce on smaller morsels of economic opportunity.
In prepared remarks of a speech he was to deliver Tuesday in Quebec City, Stephen Poloz laid out recommendations on how to adapt to low interest rates that he expects will linger for a long time.
“The most important force pushing the neutral rate down has been a steady decline in the potential growth in the economy,” Poloz’s speech said.
“I have heard from many Canadians who are rightly worried about their ability to live off their savings and who are seeking a return to higher interest rates.”
The bank’s benchmark interest rate, however, has remained at a low level of 0.5 per cent for more than a year and it’s not expected to start climbing any time soon.
To ensure an adequate retirement, Poloz suggested Canadians consider saving more, working longer than planned and changing their investment mix to adjust to the persistently low interest rates…
