This hardware stock shows impressive organic growth + MORE Oct 11th

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Managing tax in a “tenancy in common” situation Nov 25th

Q. I am a co-owner of a cottage in Ontario. The other co-owner would like to buy out my 50% share of the cottage as tenant in common. Do I have to claim capital gains if the cottage isn’t being sold? –Claudia A. Real estate is commonly owned as joint tenants, with rights of survivorship by spous.... More »
 stock split

A second wave of COVID-19 could pummel the markets — here’s how to protect your portfolio Aug 4th

Now that stock prices have rebounded close to where they were before the crash, it’s a good time to make sure your finances are resilient..... More »
 financial advisor

Markets sell-off led by tech stocks as U.S.-China trade war hits sectors + MORE Jun 26th

A sell-off in North American stock markets intensified on Monday afternoon, led by a decline in technology stocks, after reports that U.S. officials were in the process of introducing legislation that would block Chinese companies from investing in U.S. tech companies..... More »

Cost-benefit analysis alone shouldn’t guide Olympic bid decision + MORE Jan 25th

As an economist, perhaps I should find it satisfying that every public-policy decision we make demands an economic justification. What’s the cost-benefit analysis of the project? What’s the return on investment of building a new tunnel or library? ... .... More »
 blue-chip

Disaster and the Wealth of Nations + MORE Aug 28th

Texans will rebound from the awful flooding with their usual élan..... More »
The Globe and MailUnifor and Fiat Chrysler avert strike, reach tentative agreementThe Globe and MailNegotiators for Unifor and Fiat Chrysler Automobiles NV reached a last-minute tentative agreement, averting a strike by about 10,000 auto workers that would have shut down the company's two Canadian assembly plants and a factory that makes engine parts …Fiat-Chrysler and Unifor reach tentative agreement, avert strikeCTV NewsUnifor reaches tentative deal with Fiat Chrysler, secures $325M investment in BramptonFinancial PostUpdated: Strike narrowly averted; Unifor, Fiat Chrysler reach tentative dealWindsor StarEdmonton Journal -BlackburnNews.com -USA TODAY -New York Timesall 83 news articles »

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SINGAPORE – Singaporean and Swiss regulators announced fines and other penalties Tuesday for Falcon Private Bank, saying it breached money laundering regulations in its dealings with the indebted Malaysian state fund 1MDB.
The Monetary Authority of Singapore ordered the private bank to close down in the city-state and pay a fine of 4.3 million Singapore dollars ($3.12 million) for violations that included not filing suspicious transaction reports and failing to alert authorities about irregular activity in customers’ accounts.
The Singapore branch manager of Falcon Private Bank, Jens Sturzenegger, was arrested on Oct 6, it said in a statement.
The regulator cited “serious failures in anti-money laundering controls and improper conduct by senior management” in Switzerland and Singapore.
The Swiss financial watchdog likewise said it found Falcon Private Bank had failed to carry out adequate background checks into transactions and business relationships. It fined Falcon 2…

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WASHINGTON – Behind closed doors, Hillary Clinton adopted a rather more accommodating tone with Wall Street than she has on the campaign trail.
In private paid speeches to financial firms and interest groups before she declared her candidacy, the Democratic presidential nominee comes off as a knowing insider, willing to cut backroom deals, embrace open trade and grant Wall Street a central role in crafting financial regulations, according to excerpts obtained last week through hacked campaign emails provided to WikiLeaks.
Compare that with her public remarks in the presidential race. For voters, Clinton has embraced the rhetoric of a class warrior: Higher taxes on the wealthy. Tougher rules for Wall Street. Empathy for the financial burdens of ordinary Americans.
The gap between her private and public remarks helps explain the relatively high levels of distrust that voters, including some of her own supporters, have expressed about the former secretary of state, New York senator and presidential spouse…

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TORONTO – A last-minute tentative agreement has averted a threatened strike by 9,750 workers at Fiat-Chrysler’s operations in Ontario.
Unifor president Jerry Dias announced the four-year deal just minutes before a strike deadline of 11:59 p.m. Monday night.
He said the deal, which followed what he called “one very difficult set of negotiations,” mirrors the one reached with General Motors on Sept. 20.
That deal, since ratified by GM workers, includes a two per cent wage increase this year and another two per cent increase in September, 2019. There is also a $6,000 signing bonus plus lump sum bonuses of $2,000 in each of the next three years to most employees.
It also included improvements to benefits, hiring practices and a GM commitment to invest $554 million in its Canadian operations.
Dias said the agreement with Fiat-Chrysler includes a $325 million investment at an assembly plant in Brampton, Ont., and a pledge to upgrade an old paint shop at the facility.
“We were deeply concerned with the fact that the paint shop in our Brampton assembly plant that builds the 300s, the Chargers and the Challengers is over 30 years old,” said Dias…

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Quebec-based Richelieu Hardware has both strong exposure in Canada and a steadily expanding U.S. footprint

Continue Reading On theglobeandmail.com »

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