How to go about securing the best return for your investment in Canada.
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The number of homes sold last month in the Greater Toronto Area plunged a whopping 37.3 per cent compared to the same month a year ago, the city’s real estate board said Thursday, weeks after Ontario introduced measures aimed at cooling the housing market.
Canada plans to ban some bundled residential mortgages to clamp down on risky lending, a regulator said on Thursday, six months after revelations that regulated mortgage providers were teaming up with unregulated rivals to circumvent rules.
Sears Canada seeks approval to suspend benefits for retirees
– moneysense.ca
TORONTO — Sears Canada says it will go to court next week to seek approval to suspend benefits for its retired employees as well as special payments to its defined benefit pension plan.
The ailing retailer says it will also ask the Ontario Superior Court on July 13 to extend court protection from creditors to Oct. 4, giving it time to seek out potential investors and buyers and consult with its landlords, employees, suppliers and creditors.
Sears Canada had indicated in its initial court filings on June 22 that it planned to suspend life insurance, health and dental benefits to certain employees during the restructuring.
The company expects to complete its sale and investment solicitation process by Oct. 25.
After years of declining sales, Sears Canada sought creditor protection last month.
The ailing retailer says it will also ask the Ontario Superior Court on July 13 to extend court protection from creditors to Oct. 4, giving it time to seek out potential investors and buyers and consult with its landlords, employees, suppliers and creditors.
Sears Canada had indicated in its initial court filings on June 22 that it planned to suspend life insurance, health and dental benefits to certain employees during the restructuring.
The company expects to complete its sale and investment solicitation process by Oct. 25.
After years of declining sales, Sears Canada sought creditor protection last month.
READ MORE:
Lump sum vs. monthly pensions
Budgeting for savings if you have a company pension
Should I pay for a pension guarantee?
How a work pension affects retirement savings
The post Sears Canada seeks approval to suspend benefits for retirees appeared first on MoneySense.
BMO’s stock picks that will benefit from a ‘surprise recovery’
– theglobeandmail.com
Bank outlines TSX sectors set for a rebound in the second half of the year
Eye on Shorts: What bearish investors are betting against
– theglobeandmail.com
Short position highlights are provided by TSX Datalinx.
