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How retired parents can use the FHSA to help their adult children Mar 23rd
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
The cars, the chargers or the customers? A look at what's behind cooling EV sales growth - CBC News Mar 20th
The cars, the chargers or the customers? A look at what's behind cooling EV sales growth CBC NewsEV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans CNBCAnalysis: U.S. automakers race to build more hybrids as EV sales slow Autobl.... More »
What happens if you don’t file your taxes (and how to fix it) Mar 27th
Every year, many Canadians tell themselves they’ll file their taxes “soon.” But life can get busy, paperwork piles up, and before they know it, one missed deadline turns into several.
For one woman, “soon” turned into 14 years. She had worked at the same job for over 20 years, wit.... More »
Canadian hiking path hinges on business investment: Macklem - BNN Feb 9th
Canadian hiking path hinges on business investment: Macklem BNNThe role of Canadian business in fostering non-inflationary growth Bank of CanadaBank of Canada: Economy needs more capacity investment, not stimulus ReutersProductivity boost needed from businesses: Mack.... More »
36% of Canadians surveyed lied about money to partner + MORE Feb 7th
TORONTO — As Valentine’s Day approaches, a new survey suggests some Canadians planning to take their relationships to the next level may want to have a frank conversation about infidelity — financial infidelity, that is.
The online poll found 36 per cent of Canadians surveyed have lied abo.... More »
Marijuana company Aphria met with TSX about guidance regarding U.S. business
– canadianbusiness.com
Marijuana producer Aphria Inc. says it met with the Toronto Stock Exchange last week to discuss the exchange’s recent guidance that pot firms with U.S. exposure could face delisting.
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the TSX as it continues to monitor developments in this sector.
He noted that Aphria has not received notice from the TSX of a continued listing review.
Aphria (TSX:APH) has investments in Florida and Arizona.
The TMX Group, which operates the Toronto Stock Exchange, warned companies earlier this month that U.S. federal marijuana laws takes precedence over state laws.
It said that companies doing business that violates the federal law are not complying with their listing requirements.
Last week, Neufeld said he wanted to remain listed on the TSX and had no plans to move to the smaller marijuana stock-friendly Canadian Securities Exchange.
Neufeld has said that if the company cannot reach a compromise, there are options, including a spin-off of its U…
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the TSX as it continues to monitor developments in this sector.
He noted that Aphria has not received notice from the TSX of a continued listing review.
Aphria (TSX:APH) has investments in Florida and Arizona.
The TMX Group, which operates the Toronto Stock Exchange, warned companies earlier this month that U.S. federal marijuana laws takes precedence over state laws.
It said that companies doing business that violates the federal law are not complying with their listing requirements.
Last week, Neufeld said he wanted to remain listed on the TSX and had no plans to move to the smaller marijuana stock-friendly Canadian Securities Exchange.
Neufeld has said that if the company cannot reach a compromise, there are options, including a spin-off of its U…
Self-made millionaire assessment guide
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Self-made millionaire assessment guide Courtesy of this article, there are apparently seven habits most self-made millionaires employ to build their wealth. From the study conducted, there are two types of self-made millionaires: Risk-Takers and Savers. Builders, entrepreneurs, and aggressive investors (in stocks or real estate for example) fall into the Risk-Taker category. Risk-Takers can be…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Self-made millionaire assessment guide is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
Self-made millionaire assessment guide Courtesy of this article, there are apparently seven habits most self-made millionaires employ to build their wealth. From the study conducted, there are two types of self-made millionaires: Risk-Takers and Savers. Builders, entrepreneurs, and aggressive investors (in stocks or real estate for example) fall into the Risk-Taker category. Risk-Takers can be…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Self-made millionaire assessment guide is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
40% of Canadians say they’ll be in trouble if rates rise
– moneysense.ca
TORONTO — Four in 10 Canadians say that if interest rates rise any further they fear they will be in financial trouble, a new poll suggests.
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
READ: Why the Bank of Canada hiked interest rates
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits — especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
READ: Why the Bank of Canada hiked interest rates
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits — especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18
– canadianbusiness.com
Stelco Holdings Inc. is looking to raise $200 million in its initial public offering, according to documents filed with securities regulators.
The steelmaker is expecting to price its shares between $16 and $18 per share. If an over-allotment option is exercised in full, the offering will increase to $230 million.
Stelco announced its intention to return to the stock market last month with plans to spend the money raised to fund capital expenditures and pension obligations.
The IPO comes after two restructurings under court protection from creditors, the most recent completed this past summer.
Bedrock Industries acquired the company’s operations in the most recent process and restored the Stelco name.
It is expected to hold a roughly 86.5 per cent interest in the company following the offering, based on the midpoint of the estimated price range for the shares. If the over-allotment option is exercised in full, the stake will be 84.8 per cent.
The post Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18 appeared first on Canadian Business – Your Source For Business News.
The steelmaker is expecting to price its shares between $16 and $18 per share. If an over-allotment option is exercised in full, the offering will increase to $230 million.
Stelco announced its intention to return to the stock market last month with plans to spend the money raised to fund capital expenditures and pension obligations.
The IPO comes after two restructurings under court protection from creditors, the most recent completed this past summer.
Bedrock Industries acquired the company’s operations in the most recent process and restored the Stelco name.
It is expected to hold a roughly 86.5 per cent interest in the company following the offering, based on the midpoint of the estimated price range for the shares. If the over-allotment option is exercised in full, the stake will be 84.8 per cent.
The post Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18 appeared first on Canadian Business – Your Source For Business News.
4 in 10 say if interest rates rise they could be in financial trouble: poll
– canadianbusiness.com
Four in 10 Canadians say that if interest rates rise any further they fear they will be in financial trouble, a new poll suggests.
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits _ especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits _ especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
