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Recovering from GIC sticker shock Jan 15th
If you’re a retiree or near-retiree relying on GICs for your fixed-income investments, no doubt you’re facing GIC sticker shock as previously invested GICs are reaching maturity. If before you were getting 2% to 3% on 2-, 3-, 4- or 5-year GICs, you may be shocked to discover you’ll be lucky to.... More »
'You win games with guys like that': Sherwood shines as Canucks bounce back - Sportsnet.ca Dec 17th
'You win games with guys like that': Sherwood shines as Canucks bounce back Sportsnet.caCanucks take on the Utah Hockey Club after Sherwood's hat trick SooTodayInstant Reaction: Sherwood’s first NHL hat trick propels Canucks to 3-1 win over Avalanche Canucks ArmyFe.... More »
Sales up, prices down in GTA housing market Oct 6th
Toronto-area home sales rose in September while prices continued to decline, as the city’s real estate board says the market could continue heating up amid ample choice and lower borrowing costs.
The Toronto Regional Real Estate Board said the 5,592 homes sold last month was up 8.5% from Se.... More »
N.S. premier blasts telecom companies in wake of Fiona, calls on Ottawa to step in with regulation - CBC.ca Sep 28th
N.S. premier blasts telecom companies in wake of Fiona, calls on Ottawa to step in with regulation CBC.caProvince Details Financial Support for Those Affected by Hurricane Fiona VOCMStorm Fiona: Mendicino says Tories pushed ‘false info’ with ArriveCan border questions .... More »
The power of a last will and testament: How your final wishes can make an impact + MORE Aug 28th
We know that more than half of Canadian adults do not have a will. There are a variety of reasons for this, but one of the notions most commonly expressed by holdouts is that “it’s obvious who will be getting my estate.”
In most cases, this couldn’t be further from the truth. In fact, if you.... More »
Conflict screen used by Morneau in place for at least three other ministers
– canadianbusiness.com
OTTAWA _ At least three other members of Prime Minister Justin Trudeau’s cabinet have personal financial arrangements similar to the setup that has landed Finance Minister Bill Morneau in hot water, despite the blessing of the federal ethics commissioner.
Fisheries Minister Dominic LeBlanc, Justice Minister Jody Wilson-Raybould and Infrastructure Minister Amarjeet Sohi are using so-called conflict-of-interest screens, a step short of the blind-trust gold standard for politicians seeking to avoid the sort of controversy Morneau now finds himself in.
Sohi says he has a screen in place to prevent him from participating in decisions that could benefit his wife’s holdings in a company that is also a partial owner of farmland in Alberta.
He says the screen is an effective tool that has already seen him removed from the approval process for an infrastructure project, proposed by the province, that would be in close proximity to the farmland.
In response to accusations that he’s personally profited from decisions he’s taken as finance minister, Morneau has promised to sell off $21 million worth of shares in his family’s company and place the rest his substantial assets in a blind trust…
Fisheries Minister Dominic LeBlanc, Justice Minister Jody Wilson-Raybould and Infrastructure Minister Amarjeet Sohi are using so-called conflict-of-interest screens, a step short of the blind-trust gold standard for politicians seeking to avoid the sort of controversy Morneau now finds himself in.
Sohi says he has a screen in place to prevent him from participating in decisions that could benefit his wife’s holdings in a company that is also a partial owner of farmland in Alberta.
He says the screen is an effective tool that has already seen him removed from the approval process for an infrastructure project, proposed by the province, that would be in close proximity to the farmland.
In response to accusations that he’s personally profited from decisions he’s taken as finance minister, Morneau has promised to sell off $21 million worth of shares in his family’s company and place the rest his substantial assets in a blind trust…
Australian company’s takeover by Chinese firm looking to buy Aecon is ‘a positive story’: CEO
– theglobeandmail.com
John Holland Group chief says financial backing from China Communications Construction Co. Ltd. opened new opportunities for his company despite early security concerns
Andrew McCreath’s Forge First buys Sui Generis
– theglobeandmail.com
Andrew McCreath, president and chief executive officer of Forge First Asset Management Inc., said his firm has purchased Sui Generis Investment Partners
S&P/TSX composite closes above 16,000 mark for the first time, loonie up
– canadianbusiness.com
TORONTO _ The Toronto stock index closed above the 16,000 mark for the first time today, despite modest declines on Wall Street.
The S&P/TSX composite index rose 49.27 points to 16,002.78, boosted by the health-care and energy sectors.
In New York, the Dow Jones industrial average fell 85.45 points to 23,348.74. The S&P 500 index was down 8.24 points to 2,572.83 and the Nasdaq composite index edged back 2.30 points to 6,698.96.
The Canadian dollar was trading at an average price of 77.90 cents US, up 0.22 of a U.S. cent.
In commodities, the December crude contract advanced 25 cents to US$54.15 per barrel and the December natural gas contract was unchanged at US$2.97 per mmBTU.
The December gold contract was up US$5.90 to US$1,277.70 an ounce and the December copper contract added a penny at US$3.11 a pound.
The post S&P/TSX composite closes above 16,000 mark for the first time, loonie up appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index rose 49.27 points to 16,002.78, boosted by the health-care and energy sectors.
In New York, the Dow Jones industrial average fell 85.45 points to 23,348.74. The S&P 500 index was down 8.24 points to 2,572.83 and the Nasdaq composite index edged back 2.30 points to 6,698.96.
The Canadian dollar was trading at an average price of 77.90 cents US, up 0.22 of a U.S. cent.
In commodities, the December crude contract advanced 25 cents to US$54.15 per barrel and the December natural gas contract was unchanged at US$2.97 per mmBTU.
The December gold contract was up US$5.90 to US$1,277.70 an ounce and the December copper contract added a penny at US$3.11 a pound.
The post S&P/TSX composite closes above 16,000 mark for the first time, loonie up appeared first on Canadian Business – Your Source For Business News.
CBC.caTSX closes above 16000 for first time, led by energy companiesCBC.caCanada's benchmark stock index topped 16,000 points for the first time on Monday, the first trading day since it set a record high on Friday. When the stock market closed at 4 p.m. ET on Monday, the S&P/TSX Composite Index sat at 16,002.78, up just …S&P/TSX composite breaks through 16000 mark for the first timeCTV NewsS&P/TSX composite closes above 16000 mark for the first time, loonie upFinancial PostDow finishes 85 points lower on report corporate tax cut could be gradualCNBCReuters Canada -Barron’s -KTIC -GuruFocus.comall 12 news articles »
