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The best GIC rates in Canada for 2024 May 30th
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The best GIC rates in Canada for 2024
Find the best GIC rates in Canada. Plus, everything you need to know about how they work.
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The best high-interest savings accounts in Canada for 2025 + MORE Jan 26th
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Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.
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Can an estate contribute to an RESP account? Dec 20th
Can money left in a will to be put in a trust fund for a child under 18 be put into an RESP?—Paula
Using a trust to contribute to an RESP
A registered education savings plan (RESP) is a great way to save for post-secondary education. RESP contributions of up to $2,500 per year attract a 20% .... More »
Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt - The Globe and Mail Oct 3rd
Leaked records open a ‘Pandora’ box of financial secrets of hundreds of the world’s elite and corrupt The Globe and MailPandora papers: Leaked records reveal secrets CTV News'Pandora Papers': Leaked records reveal financial secrets of world leaders, politicians .... More »
Trading is Nothing But a Game of Risk Management Nov 20th
This statement may go against the ideology of all the pro traders in the Forex trading business. We are not here to change right and wrong. We are here to talk about what is right and inspire every trader to work in the correct way within the trading process. It is money we are talking about. Readin.... More »
As Freshii stock goes sour, it may be time to detox from analyst advice
– theglobeandmail.com
The stock’s erratic journey from $11.50 at the end of January to around $5.70 today is a sad and odoriferous demonstration of how Bay Street operates
Toronto stock market spikes, loonie falls following Bank of Canada speech
– canadianbusiness.com
TORONTO _ Canada’s main stock index soared today as the loonie fell after a speech by the governor of the Bank of Canada that signalled the central bank would be taking a more cautious approach to any future rate hikes.
The S&P/TSX composite index climbed 135.54 points to 15,609.66 on the strength of a broad-based rally.
The Canadian dollar was trading at an average price of 80.57 cents US, down 0.27 of a cent.
In New York, stocks jumped after a report showed business investment climbed in August. Investors also eyed proposed tax cuts by President Donald Trump.
The Dow Jones industrial average was up 56.39 points to 22,340.71. The S&P 500 index added 10.20 points to 2,507.04 and the Nasdaq composite index advanced 73.10 points to 6,453.26.
In commodities, the November crude contract was up 26 cents to US$52.14 per barrel and the November natural gas contract gained six cents to US$3.06 per mmBTU.
The December gold contract was down US$13.90 to US$1,287.80 an ounce and the December copper contract edged up a penny at US$2…
The S&P/TSX composite index climbed 135.54 points to 15,609.66 on the strength of a broad-based rally.
The Canadian dollar was trading at an average price of 80.57 cents US, down 0.27 of a cent.
In New York, stocks jumped after a report showed business investment climbed in August. Investors also eyed proposed tax cuts by President Donald Trump.
The Dow Jones industrial average was up 56.39 points to 22,340.71. The S&P 500 index added 10.20 points to 2,507.04 and the Nasdaq composite index advanced 73.10 points to 6,453.26.
In commodities, the November crude contract was up 26 cents to US$52.14 per barrel and the November natural gas contract gained six cents to US$3.06 per mmBTU.
The December gold contract was down US$13.90 to US$1,287.80 an ounce and the December copper contract edged up a penny at US$2…
Take hard line against Boeing in Bombardier spat, Quebec premier urges feds
– canadianbusiness.com
Quebec Premier Philippe Couillard says he wants Ottawa to take a hard line against Boeing after the U.S. Department of Commerce proposed a hefty 219 per cent duty on jets manufactured by Montreal rival Bombardier.
The department’s preliminary findings concluded Bombardier benefited from improper government subsidies, giving it an unfair advantage when selling its CSeries jets south of the border.
Couillard says the $1 billion invested by the province in the CSeries program is not a subsidy and no other investment in Bombardier is currently planned.
He says the company is being targeted by its larger U.S.-based aerospace vital even though Boeing has also benefited from decades of government assistance.
Boeing, Couillard says, may have won this battle, but haven’t won the war.
And he’s urging the Trudeau government to maintain a hardline with Boeing until the matter was resolved.
“Not a bolt, not a part, (and) of course not a plane from Boeing (should be) entering Canada until this conflict is resolved in a satisfactory way,” Couillard told a news conference today in Quebec City…
The department’s preliminary findings concluded Bombardier benefited from improper government subsidies, giving it an unfair advantage when selling its CSeries jets south of the border.
Couillard says the $1 billion invested by the province in the CSeries program is not a subsidy and no other investment in Bombardier is currently planned.
He says the company is being targeted by its larger U.S.-based aerospace vital even though Boeing has also benefited from decades of government assistance.
Boeing, Couillard says, may have won this battle, but haven’t won the war.
And he’s urging the Trudeau government to maintain a hardline with Boeing until the matter was resolved.
“Not a bolt, not a part, (and) of course not a plane from Boeing (should be) entering Canada until this conflict is resolved in a satisfactory way,” Couillard told a news conference today in Quebec City…
Stelco plans $150-million IPO
– theglobeandmail.com
Company said it needs money to develop new products and make payments to its pension plan
While most American families grew richer between 2013 and 2016, the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income. Median wealth for white families was $171,000, 10 times that for blacks and roughly eight times that for Latinos.
