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Latest News
JPMorgan making big profits by flipping cargo vessels + MORE Nov 19th
The investment bank is the biggest buyer of second-hand cargo freighters this year, having purchased 12 ships for $250-million. In an industry where rates can fluctuate wildly, 'If you have ships ready to take advantage of the spot market, you can make a lot of money'
.... More »
What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
Toronto housing market downturn to be short lived, federal housing agency says + MORE Jul 27th
The recent downturn in Toronto’s real estate market, brought on after Ontario introduced measures this spring including a foreign buyers’ tax, is expected to be brief, the federal housing agency said Wednesday.
Property prices in the city _ which fell from an average of $919,589 in April.... More »
TFSA contribution room calculator + MORE Apr 8th
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 e.... More »
JPMorgan, Lululemon and more: The week in earnings Jan 17th
Company earnings for the week of Jan 14, 2025
JPMorgan
Lululemon
Cogeco
UnitedHealth
JPMorgan posts record annual profits as major U.S. banks thrive in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit.... More »
Toronto-area home prices hit record as market remains ‘drum tight’
– theglobeandmail.com
The Toronto Real Estate Board says that the average detached house in the GTA sold for $1,214,422 last month
The Toronto area saw real estate prices soar again last month, with the average jumping 33.2 per cent from the same time last year.
Lionel Barber on FT Trump interview – Financial Times
– news.google.ca
Financial TimesLionel Barber on FT Trump interviewFinancial TimesDonald Trump has spoken exclusively to the Financial Times. Lionel Barber, editor, talks about the highlights of his conversation with the US president. Transcript. [MUSIC PLAYING]. Well, the president was alternately charming, pugnacious, direct. He …and more »
The Toronto Real Estate Board says the average price in the area rose to $916567 — up from $688011 in March 2016. – 680 News
– news.google.ca
680 NewsThe Toronto Real Estate Board says the average price in the area rose to $916567 — up from $688011 in March 2016.680 NewsOne of two suspects sought in connection with Monday's triple shooting in Woodbridge has been arrested and charged with attempted murder. Rushawn Anderson, 19, turned himself in to police on Tuesday, the same day York regional police released his …Average home price in Toronto area hits $916567: TREBCTV NewsToronto home prices soar a record 33%, pushing average house to $916000Financial PostToronto-area home prices hit record as market remains 'drum tight'The Globe and MailToronto Star -Mortgage Broker News -CP24 Toronto’s Breaking News -Digital Journalall 19 news articles »
New CPP, same concerns it will run out of money
– moneysense.ca
THE CANADIAN PRESS/Darryl DyckA new report from the C.D. Howe Institute warns the new, expanded version of the Canada Pension Plan is designed on investment return assumptions that could jeopardize future payments. With that, some Canadians are back to worrying if the plan will be there when they retire.
MoneySense suggests you relax. The report is called “Bigger CPP, Bigger Risks: What “Fully Funded Expansion Means and Doesn’t Mean” by William B.P. Robson and Alexandre Laurin. Here’s what you should know.
The concern
A key selling point of the CPP expansion announced by the federal and provincial finance ministers last September is that the additional CPP benefits will be “fully funded.” But, the report cautions, the CPP payment promises rely on assumed returns on investment much higher than actual yields on fixed-income assets suitable for backing that kind of sovereign-grade pension obligation. That could put a strain on younger Canadians, leaving them on the hook to cover the shortfall…
