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Trudeau confirms $1.3 billion for Blue Line, leaving Quebec to pay $3.9 billion - Montreal Gazette Jul 4th
Trudeau confirms $1.3 billion for Blue Line, leaving Quebec to pay $3.9 billion Montreal GazetteTrudeau announces $1.3-billion in federal funding for Montreal metro extension The Globe and MailTrudeau announces $1.3 billion in federal funding for Montreal metro extension &.... More »
Three surprising things about the just-released MacKinnon report examining Alberta's financial mess - National Post Sep 3rd
Three surprising things about the just-released MacKinnon report examining Alberta's financial mess National PostMacKinnon panel's 26 recommendations include legislated salaries for public sector workers CBC.ca'Alberta faces a critical financial situation': Government panel rec.... More »
How prorogation will impact capital gains tax changes in Canada + MORE Jan 6th
Justin Trudeau’s decision to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.
The changes would raise the portion of capital gains on which companies .... More »
Energy sector leads Toronto stock market lower amid falling oil, loonie down + MORE Nov 28th
TORONTO _ A slide in crude oil prices weighed on energy companies on both sides of the border today, as the loonie lost ground.
The S&P/TSX composite index fell 65.97 points to 16,042.12, with the oil and gas sector down nearly 2 1/2 per cent.
In New York, the Dow Jones industrial average was up.... More »
Canada's Remembrance Day ceremonies mark 100-year anniversary of First World War armistice - Globalnews.ca Nov 11th
Globalnews.caCanada's Remembrance Day ceremonies mark 100-year anniversary of First World War armisticeGlobalnews.caWATCH: In this special Remembrance Day tribute, we look at key battles from the First World War in which Canadians were the secret weapon that helped the Allies win. X. - A A +. L.... More »
How private investment in infrastructure can benefit taxpayers
– theglobeandmail.com
When institutional investors finance projects and recoup their investments through user fees, there is less risk to the economy
Inside the taming of CMHC
– macleans.ca
Evan Siddall, the chief executive officer of the Canada Mortgage and Housing Corporation (Photograph by Jessica Deeks)Evan Siddall, the chief executive officer of Canada Mortgage and Housing Corp., likes to give books to people he is getting to know. A favourite is This Is Water, an essay about self-centredness by David Foster Wallace, which begins with an allegory:
“There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says, ‘Morning, boys. How’s the water?’
And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes, ‘What the hell is water?’ ”
CMHC was a lot like that insular fish when Siddall arrived at the end of 2013.The agency, created in 1946 to build houses for veterans of the Second World War, liked to describe itself as the “heart of housing”—an enormous Crown corporation that dominated the mortgage insurance market, guaranteed complex, bond-like assets called mortgage-backed securities, and subsidized the building and upkeep of First Nations and social housing…
Finance minister to hold meeting in Toronto next week on GTA housing
– canadianbusiness.com
The federal finance minister is set to meet with his Ontario counterpart and the mayor of Toronto next week to discuss the hot housing market in the Greater Toronto Area.
Finance Minister Bill Morneau’s office said the meeting will take place next Tuesday in Toronto.
Morneau had written to Ontario finance minister Charles Sousa and Toronto Mayor John Tory last week, asking to convene a meeting on the topic of eroding housing affordability in the city as soon as possible.
The gathering of the three politicians comes as Ontario’s government works on a package of housing affordability measures that it has said will be unveiled soon.
“We’re just trying to figure out what we can do without overcorrecting the system, while at the same time providing greater support for those who want to get into the market,” Sousa said Thursday.
Sousa noted that Tory has called for a tax on vacant homes, while he himself has called for the federal government to change the taxation of capital gains real estate speculators make on homes that aren’t their primary residences…
Finance Minister Bill Morneau’s office said the meeting will take place next Tuesday in Toronto.
Morneau had written to Ontario finance minister Charles Sousa and Toronto Mayor John Tory last week, asking to convene a meeting on the topic of eroding housing affordability in the city as soon as possible.
The gathering of the three politicians comes as Ontario’s government works on a package of housing affordability measures that it has said will be unveiled soon.
“We’re just trying to figure out what we can do without overcorrecting the system, while at the same time providing greater support for those who want to get into the market,” Sousa said Thursday.
Sousa noted that Tory has called for a tax on vacant homes, while he himself has called for the federal government to change the taxation of capital gains real estate speculators make on homes that aren’t their primary residences…
Seven U.S. aerospace and defence stocks with strong price performance
– theglobeandmail.com
We are seeking aerospace and defence stocks that have reasonable valuations and consistent earnings growth
