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RRSP or TFSA? Here’s the simple and definitive answer Jan 14th
Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 13th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
Biden to argue 'Republican obstruction' leading to debt default risk as he convenes business leaders and CEOs - CNN Oct 6th
Biden to argue 'Republican obstruction' leading to debt default risk as he convenes business leaders and CEOs CNNBiden pitches investment plans amid deadlock in US Congress Al Jazeera EnglishAs the debt default looms, the White House warns of financial crisis. The Ne.... More »
Alamos Gold to acquire Richmont Mines in friendly offer worth US$770 million + MORE Sep 11th
TORONTO _ Alamos Gold Inc. (TSX:AGI) has signed a friendly deal to acquire Richmont Mines Inc. (TSX:RIC) in an all-stock offer valued at about US$770 million.
Under the agreement, Richmont shareholders will receive 1.385 Alamos shares for each Richmont share they hold.
The offer implies a value of C.... More »
New CEO of mortgage lender Home Capital says corporate culture is critical + MORE Aug 3rd
The new CEO of Home Capital Group (TSX:HCG) says ensuring the company, which nearly collapsed earlier this year, has the right corporate culture is critical to its future.
In his first day on the job Thursday, Yousry Bissada said while the lender’s core executive team is strong, there is still.... More »
Better than expected jobs data pushes Toronto stock index, loonie higher
– canadianbusiness.com
Canada’s main stock index and the loonie were pushed higher by stronger than expected jobs data and a slight uptick in the price of oil.
The Toronto Stock Exchange’s S&P/TSX composite index added 50.12 points to 15,473.21.
The average value for the Canadian dollar was 74.33 cents US, up 0.27 of a cent from Thursday.
In New York, the Dow Jones industrial average gained 89.44 points to 21,271.97, while the S&P 500 index retreated 2.02 points to 2,431.77 and the Nasdaq composite index gave back 113.84 points to 6,207.92.
The July crude contract was up 19 cents at US$45.83 per barrel and the July natural gas contract added one cent to US$3.04 per mmBTU.
The August gold contract was down $8.10 to US$1,271.40 an ounce and the July copper contract rose four cents at US$2.65 a pound.
The post Better than expected jobs data pushes Toronto stock index, loonie higher appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index added 50.12 points to 15,473.21.
The average value for the Canadian dollar was 74.33 cents US, up 0.27 of a cent from Thursday.
In New York, the Dow Jones industrial average gained 89.44 points to 21,271.97, while the S&P 500 index retreated 2.02 points to 2,431.77 and the Nasdaq composite index gave back 113.84 points to 6,207.92.
The July crude contract was up 19 cents at US$45.83 per barrel and the July natural gas contract added one cent to US$3.04 per mmBTU.
The August gold contract was down $8.10 to US$1,271.40 an ounce and the July copper contract rose four cents at US$2.65 a pound.
The post Better than expected jobs data pushes Toronto stock index, loonie higher appeared first on Canadian Business – Your Source For Business News.
As Toronto’s housing market cools, some sellers face tricky situations
– theglobeandmail.com
With the number of listings increasing and home prices falling, potential buyers find opportunities, while some sellers face financial jeopardy
Infrastructure and Communities Minister Amarjeet Sohi takes part in an interview at his office in Ottawa on Thursday, June 23, 2016. (Sean Kilpatrick/CP)Our government took office with a commitment to build and rebuild Canadian communities so that they could thrive for generations to come. After a decade of an ad-hoc, inconsistent approach by the previous government, the infrastructure deficit facing our country had grown, and closing it required not just a historic investment but innovation and creativity in how that funding will be delivered.
We’ve wasted no time in delivering on our commitments since taking office. My department has approved more than 2,900 projects with a total investment of over $23 billion since our government took office—more than twice what the previous government did in their last four years combined.
This is just the beginning. In our 2017 budget, we laid out the details of our 12-year, $186-billion long-term plan that will have a transformative effect on Canadian communities…
Hudson’s Bay Co. shares traded down more than 10 per cent on Friday, a day after the company released disappointing quarterly earnings and announced it is cutting about 2,000 jobs.
A step toward preventing ‘IP leakage’
– theglobeandmail.com
Should Canada adopt a Sovereign Patent Fund, used by some countries to acquire IP assets, such as patent licences, on behalf of fund members?
