At the open: TSX dips as financials, gold miners weigh + MORE Apr 10th

A ship receives its load of oil from the Kinder Morgan Trans Mountain Expansion Project’s Westeridge loading dock in Burnaby, B.C., in this June 4, 2015, file photo. (Jonathan Hayward/CP)
MERRITT, B.C. – A deal reached between British Columbia and Kinder Morgan reveals new details about the company’s timeline to approve investments for a proposed expansion of the Trans Mountain pipeline and requirements to hire local workers.
The agreement, signed April 6, says the Kinder Morgan board of directors must reach a final investment decision by June 30 with news communicated by July 2 for the project to go ahead.
RELATED: What Canada’s most controversial pipelines look like from the sky
The project would twin an existing pipeline between Edmonton and Burnaby, B.C., tripling its capacity and increasing tanker traffic in the Burrard Inlet seven-fold.
The company said last month the expansion would cost an estimated $7.4 billion, an increase from previous estimates in order to meet conditions imposed by the National Energy Board…

The CEO of Barclays bank is being investigated by regulators for his attempts to unmask a whistleblower who had written anonymous letters raising concerns about a senior employee.
Jes Staley had sought to identify the author of the letters but was told it was inappropriate to do so under rules protecting whistleblowers. Staley then sought again to identify the person, even using help from a U.S. law enforcement agency, but failed.
The bank, which has faced a number of legal problems in recent years, said Monday that Staley had honestly, but mistakenly, believed that he had clearance to identify the whistleblower.
Staley will face a written reprimand and a “very significant” adjustment in his pay, Barclays said. The amount will be determined once the official inquiries have concluded.
He faces an official inquiry by the Financial Conduct Authority and Prudential Regulation Authority for his actions.
The incident involves anonymous letters written in 2016 to the board and an executive that raised questions about the recruitment of a new senior employee and Staley’s role in the hiring process…

Wall St opens flat as earnings season approaches

The company behind the Mont Tremblant and Blue Mountain ski resorts has signed an agreement to be acquired in a friendly deal valued at US$1.5 billion, including debt.
Intrawest Resorts Holdings Inc. said Monday that U.S. ski resort company Aspen Skiing Co. and private equity firm KSL Capital Partners have agreed to pay US$23.75 per share in cash.
Intrawest CEO Thomas Marano says the offer is a 40 per cent premium over where the company’s shares were before a report in January speculating that it was exploring a potential sale. Intrawest shares closed at US$25.30 on Friday on the New York Stock Exchange.
In addition to Tremblant and Blue Mountain, Intrawest has Steamboat and Winter Park in Colorado, Snowshoe in West Virginia and Stratton in Vermont.
It also has an adventure travel business including heli-skiing company Canadian Mountain Holidays and a real estate business.
Aspen Skiing Co. owns and operates four mountains: Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk. It also has hotels, retail and rental operations…

(Getty Images / Peter Engelsted Jonasen)
Q: I am retired and 68 years old. I have about $92,000 in RRSPs. I also have a very good pension. I would like to take some money out of my RRSP to replace the roof on my house. I have about $7,000 in unused RRSP contributions this year. Can I use that unused amount to offset the amount of tax I will pay if I take out a lump sum for my roof?
– Kate
A: Although a roof replacement is a good use of money,  an RRSP is usually not the best and first place to look for the funds. You don’t mention what your annual pension income is but any withdrawals from an RRSP are added to other income and this could increase your tax owing in that year by moving you into the next (and likely higher) tax bracket.
Unused RRSP contributions are in fact RRSP contributions that you previously made but didn’t deduct. They have been in waiting until called into action. This is that time.
If you withdraw from your RRSPs (which will possibly raise your tax rate) then you would ‘apply’ your unused RRSP contributions by using a CRA Schedule 7 form that you can find here…