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TFSA confusion: The myths that just won’t die Jun 25th
After 15 years of conversations with blog readers and financial planning clients, I’m still amazed at how often the same myths about tax-free savings accounts (TFSAs) pop up.
I’ve had clients ask if a dividend paid inside their TFSA counts as a contribution. Others think they lose contribut.... More »
Oatly's blockbuster IPO shows healthy appetite for plant-based living is growing - CBC.ca May 23rd
Oatly's blockbuster IPO shows healthy appetite for plant-based living is growing CBC.caThe future may be vegan but I'll hold off on the oats The TimesView Full coverage on Google News.... More »
Making sense of the markets this week: January 14, 2024 Jan 12th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
2023 asset returns versus the last 10 years
As we enter the New Year and investing columnists write their prediction col.... More »
Understanding Hack Attacks on Cryptocurrency Sep 28th
You’ve probably heard many good things about cryptocurrency; how people reaped good returns after Bitcoin’s unit price skyrocketed. You want in on the virtual currency gravy train and have some extra cash to spare for this venture. But maybe you’re a bit hesitant.
Unlike traditional in.... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 + MORE Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Basic things that every Forex traders should know
– investitwisely.com
We all know that trading is one of the most lucrative profession in today’s world. But do you really think that making money in the online trading industry is so easy? If you look at the professional traders in the United Kingdom then you will be surprised to see that they are even facing losing trades. But due to their trade management skills, they are able to make money in the long run. The majority of the traders start their trading career without learning about the details of this market. They simply trade based on their emotion and lose money. Some retail traders often get lucky but this causes them to sustain heavy financial losses in the near future. There are certain things that you need to know before you think about trading the live asset. Without having a clear foundation about this market it will be nearly impossible for you to take on trading as your full-time profession.High-risk market
Trading is extremely risky and only handful of traders are making money on a regular basis…
Aphria stands by U.S. investment despite enforcement crackdown, delisting threat
– canadianbusiness.com
TORONTO _ Licensed marijuana producer Aphria Inc. (TSX:APH) says it stands by its decision to invest south of the border, despite a recent U.S. cannabis crackdown and a warning from Canada’s biggest exchange operator that cross-border pot firms could face a delisting.
The comment from Aphria’s CEO Vic Neufeld comes less than a week after U.S. Attorney General Jeff Sessions rescinded an Obama-era memo that suggested that the federal government would not intervene in states where the drug is legal. This guidance, known as the Cole Memorandum, opened the door for several states to legalize the drug for medicinal and recreational use but marijuana remains illegal under federal law.
Neufeld’s comments also comes as the TMX Group, which operates the Toronto Stock Exchange and the TSX Venture, reviews cannabis firms’ cross-border activities, after warning in October that federal law takes precedence over state laws, and that violators may face delisting.
That raised questions about Aphria, one of the biggest Canadian producers with U…
The comment from Aphria’s CEO Vic Neufeld comes less than a week after U.S. Attorney General Jeff Sessions rescinded an Obama-era memo that suggested that the federal government would not intervene in states where the drug is legal. This guidance, known as the Cole Memorandum, opened the door for several states to legalize the drug for medicinal and recreational use but marijuana remains illegal under federal law.
Neufeld’s comments also comes as the TMX Group, which operates the Toronto Stock Exchange and the TSX Venture, reviews cannabis firms’ cross-border activities, after warning in October that federal law takes precedence over state laws, and that violators may face delisting.
That raised questions about Aphria, one of the biggest Canadian producers with U…
CIBC report says strength in job market even better than headlines suggest
– canadianbusiness.com
TORONTO _ A report by CIBC says the recent strength in Canada’s labour market runs deeper than just the 420,000 jobs added last year.
CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-paying ones.
CIBC also notes that youth unemployment rate has been falling faster than the unemployment rate among adults.
Statistics Canada reported last week that the unemployment rate ended last year at its lowest point in more than 40 years as job creation in 2017 reached a pace not seen in a calendar year since 2002.
Tal says the Canadian job market is well positioned to face tests this year, such as minimum wage hikes and the ongoing NAFTA negotiations.
The post CIBC report says strength in job market even better than headlines suggest appeared first on Canadian Business – Your Source For Business News.
CIBC deputy chief economist Benjamin Tal says the economy also saw average wage earnings grow and the creation of more higher-paying jobs last year than low-paying ones.
CIBC also notes that youth unemployment rate has been falling faster than the unemployment rate among adults.
Statistics Canada reported last week that the unemployment rate ended last year at its lowest point in more than 40 years as job creation in 2017 reached a pace not seen in a calendar year since 2002.
Tal says the Canadian job market is well positioned to face tests this year, such as minimum wage hikes and the ongoing NAFTA negotiations.
The post CIBC report says strength in job market even better than headlines suggest appeared first on Canadian Business – Your Source For Business News.
CTV NewsNorway's PM makes business case of 'green economy' to TrumpCTV NewsWASHINGTON — Norway's prime minister told U.S. President Donald Trump on Wednesday that her country remains committed to the Paris climate agreement, making the business case of the "green economy" to the real estate developer-turned president. Prime …Trump says he wishes the US would use hydropower. (We do. A lot.)Washington PostClimate change: Trump says US 'could conceivably' rejoin Paris dealBBC NewsWorking with India, Russia, China is a good thing: TrumpThe HinduWBUR -Hindustan Times -The Denver Post -RTE.ieall 126 news articles »
Loonie, TSX fall amid reports U.S. plans to pull out of NAFTA, Wall St. down
– canadianbusiness.com
TORONTO _ The Canadian dollar and the Toronto stock index fell Wednesday amid media reports that the United States will soon announce its intent to pull out of the North American Free Trade Agreement.
The loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent.
The S&P/TSX composite index lost 71.29 points to 16,247.95, with industrials among the main decliners.
Separate reports from Reuters and Bloomberg say two Canadian government sources believe it’s likely that U.S. President Donald Trump will give six-months’ notice to withdraw from NAFTA in late January.
In New York, the Dow Jones industrial average dropped 16.67 points to 25,369.13. The S&P 500 index edged back 3.06 points to 2,748.23 and the Nasdaq composite index was down 10.01 points to 7,153.57.
In commodities, the February crude contract was up 61 cents to US$63.57 per barrel and the February natural gas contract was down two cents to US$2.91 per mmBTU.
The February gold contract gained US$5…
The loonie closed at an average trading price of 80.03 cents US, down 0.27 of a U.S. cent.
The S&P/TSX composite index lost 71.29 points to 16,247.95, with industrials among the main decliners.
Separate reports from Reuters and Bloomberg say two Canadian government sources believe it’s likely that U.S. President Donald Trump will give six-months’ notice to withdraw from NAFTA in late January.
In New York, the Dow Jones industrial average dropped 16.67 points to 25,369.13. The S&P 500 index edged back 3.06 points to 2,748.23 and the Nasdaq composite index was down 10.01 points to 7,153.57.
In commodities, the February crude contract was up 61 cents to US$63.57 per barrel and the February natural gas contract was down two cents to US$2.91 per mmBTU.
The February gold contract gained US$5…
