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Floor collapses at stock exchange in Indonesia, injuring dozens - The Guardian + MORE Jan 15th
The GuardianFloor collapses at stock exchange in Indonesia, injuring dozensThe GuardianA floor at Indonesia's stock exchange has collapsed into the building's lobby, injuring at least 50 people. Part of the floor on the first level gave way, sending debris crashing on to the ground level, .... More »
Powell: If economy does as expected with think carefully cutting rates to begin this year - ForexLive + MORE Mar 7th
Powell: If economy does as expected with think carefully cutting rates to begin this year ForexLiveAt the open: North American stock markets start higher ahead of Powell's testimony The Globe and MailWatch Fed Chair Powell testify live before Senate Banking Committee .... More »
No-fee index funds: Is there a catch? Oct 15th
U.S. investors can now buy index mutual funds with 0% fees. Is the deal too good to be true? [MoneySense].... More »
TFSA contribution room calculator Jul 2nd
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
US NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind on - Globalnews.ca + MORE Sep 6th
Globalnews.caUS NAFTA negotiator denies involvement with Trump op-ed scandal as trade talks grind onGlobalnews.caWATCH: Canada and the U.S. are still negotiating and trying to reach a NAFTA deal. But our country's top negotiator, Foreign Affairs Minister Chrystia Freeland, may not have been hel.... More »
Ontario not on track to balance budget in 2017-18, watchdog says
– canadianbusiness.com
TORONTO – Ontario’s budget watchdog says that the province’s deficit will be $2.6 billion in 2017-18, despite a Liberal government pledge to balance the books by then.
The Financial Accountability Office released its economic and fiscal outlook today, saying that beyond that fiscal year the deficit will deteriorate further to $3.7 billion in 2020-21.
One of the changes since the office’s spring outlook, which predicted a smaller deficit of $600 million in 2017-18, was a new accounting treatment for government pension plans that added $1.5 billion to the deficit this past fiscal year.
The FAO says since the spring, higher tax revenues were reported for the last fiscal year, but there were also new government spending commitments and a more moderate outlook for economic growth.
The FAO says in its report that if the government wants to balance the budget it will either have to raise revenue or reduce expenses.
It also projects Ontario’s net debt will rise by $64 billion over the next five years to $370 billion in 2020-21…
The Financial Accountability Office released its economic and fiscal outlook today, saying that beyond that fiscal year the deficit will deteriorate further to $3.7 billion in 2020-21.
One of the changes since the office’s spring outlook, which predicted a smaller deficit of $600 million in 2017-18, was a new accounting treatment for government pension plans that added $1.5 billion to the deficit this past fiscal year.
The FAO says since the spring, higher tax revenues were reported for the last fiscal year, but there were also new government spending commitments and a more moderate outlook for economic growth.
The FAO says in its report that if the government wants to balance the budget it will either have to raise revenue or reduce expenses.
It also projects Ontario’s net debt will rise by $64 billion over the next five years to $370 billion in 2020-21…
Bell Canada’s wireless, media units drive revenue growth at BCE in third quarter
– canadianbusiness.com
MONTREAL – BCE’s third-quarter revenue and profit were up from the same time last year as Bell Canada added subscribers to specialty TV, digital TV, Internet, and wireless services — offsetting lower revenue from advertising and conventional phone service.
The Montreal-based company (TSX:BCE) had $5.41 billion of operating revenue for the three months ended Sept. 30, up 1.2 per cent from $5.34 billion in the third quarter of 2015.
Net earnings for common shareholders totalled $752 million, up 1.8 per cent from $739 million a year earlier, although net income per share was flat at 87 cents because of an increase in the number of BCE shares since last year.
BCE’s adjusted earnings declined by nearly one per cent, to $784 million from $790 million, and adjusted earnings per share declined to 91 cents per share from 93 cents per share.
Bell’s wireless services contributed $1.85 billion of revenue, up 4.3 per cent from $1.77 billion, while revenue from its wireline services such as conventional phones, digital television and Internet was little-changed at $2…
The Montreal-based company (TSX:BCE) had $5.41 billion of operating revenue for the three months ended Sept. 30, up 1.2 per cent from $5.34 billion in the third quarter of 2015.
Net earnings for common shareholders totalled $752 million, up 1.8 per cent from $739 million a year earlier, although net income per share was flat at 87 cents because of an increase in the number of BCE shares since last year.
BCE’s adjusted earnings declined by nearly one per cent, to $784 million from $790 million, and adjusted earnings per share declined to 91 cents per share from 93 cents per share.
Bell’s wireless services contributed $1.85 billion of revenue, up 4.3 per cent from $1.77 billion, while revenue from its wireline services such as conventional phones, digital television and Internet was little-changed at $2…
Fannie Mae posts $3.2B profit in 3Q; paying $3B dividend
– canadianbusiness.com
WASHINGTON – Mortgage giant Fannie Mae reported net income of $3.2 billion from July through September, up from $2 billion a year earlier, as its losses declined on investments it uses to hedge against interest rate swings.
The third-quarter results released Thursday marked the 19th straight profitable quarter for the government-controlled company.
Washington-based Fannie Mae said it will pay a dividend of $3 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a total $154.4 billion in dividends.
Fannie received $116 billion from taxpayers when the financial crisis struck in September 2008. The government rescued Fannie and smaller sibling Freddie Mac after they suffered huge losses from risky mortgages in housing market bust.
Together the companies received rescue loans totalling about $187 billion. The housing market’s gradual recovery has made Fannie and Freddie profitable again.
Fannie reported that its losses on derivatives, the investments it uses to hedge against swings in interest rates, narrowed to $491 million in the third quarter from $1…
The third-quarter results released Thursday marked the 19th straight profitable quarter for the government-controlled company.
Washington-based Fannie Mae said it will pay a dividend of $3 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a total $154.4 billion in dividends.
Fannie received $116 billion from taxpayers when the financial crisis struck in September 2008. The government rescued Fannie and smaller sibling Freddie Mac after they suffered huge losses from risky mortgages in housing market bust.
Together the companies received rescue loans totalling about $187 billion. The housing market’s gradual recovery has made Fannie and Freddie profitable again.
Fannie reported that its losses on derivatives, the investments it uses to hedge against swings in interest rates, narrowed to $491 million in the third quarter from $1…
Federal government promises to increase foreign ownership of Canadian airlines
– canadianbusiness.com
MONTREAL – The federal transport minister is promising legislation that would allow international companies to own up to 49 per cent of an airline in Canada, a jump from the current cap of 25 per cent.
Marc Garneau made the commitment today while speaking in Montreal, where he laid out the government’s transportation plans for the coming decades.
Garneau says the government wants to help drive down the cost of air travel by loosening Canada’s strict foreign investment rules for airlines to help create more competition from low-cost carriers.
In the meantime, Garneau says he is granting exemptions that will allow aspiring discount airlines Canada Jetlines and Enerjet to land more international investors, giving the companies what they have long requested.
He says the government will also introduce an air passenger rights regime in the coming months that will establish clear, minimum requirements so Canadians know when they are eligible for compensation in cases of oversold flights or lost luggage…
Marc Garneau made the commitment today while speaking in Montreal, where he laid out the government’s transportation plans for the coming decades.
Garneau says the government wants to help drive down the cost of air travel by loosening Canada’s strict foreign investment rules for airlines to help create more competition from low-cost carriers.
In the meantime, Garneau says he is granting exemptions that will allow aspiring discount airlines Canada Jetlines and Enerjet to land more international investors, giving the companies what they have long requested.
He says the government will also introduce an air passenger rights regime in the coming months that will establish clear, minimum requirements so Canadians know when they are eligible for compensation in cases of oversold flights or lost luggage…
