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PC Financial Mastercard review 2022 + MORE Mar 15th
With grocery costs expected to rise between 5% and 7% in 2022, it’s natural to want a card that can earn you some points on that additional spending. If you’ve been collecting PC Optimum points for years, the PC Financial Mastercard could be a good choice for you. This card is designed to help y.... More »
’Tis the season for tax-loss selling in Canada + MORE Dec 8th
With 2023’s year-end fast approaching, late December is a critical period for Canadian investors and their money managers. Now that we’re in the fourth quarter, this is the time to take inventory of your investments—and specifically taxable non-registered investment accounts—with an eye to m.... More »
TFSA contribution room calculator + MORE Apr 8th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like e.... More »
From the comments: 'Boy, do the rich ever look after themselves.' Readers disagree over Trump pardoning Conrad Black - The Globe and Mail + MORE May 16th
From the comments: 'Boy, do the rich ever look after themselves.' Readers disagree over Trump pardoning Conrad Black The Globe and MailTrump's Doral resort is in steep decline, report says CNNTrump to provide rare look of finances in disclosure report CTV NewsTrump's.... More »
The best TFSAs in Canada for 2021 Sep 20th
As the name suggests, tax-free savings accounts (TFSAs) offer a tax break on contributions—meaning that, unlike with a regular savings account or non-registered investment account, what you earn inside your TFSA isn’t taxed, even when you make a withdrawal. TFSAs are flexible, too, allowing you .... More »
The TSX's biggest gainers of the past nine years will probably surprise you
– theglobeandmail.com
It was exactly nine years ago that the stock market crash ended. Here are the best and worst performers since then
Broad rally helps boost Toronto stock market, loonie loses ground
– canadianbusiness.com
TORONTO – A broad-based rally led by mining companies helped give Canada’s main stock index a boost as the loonie fell nearly half a cent.
The S&P/TSX composite index was up 42.35 points to 15,647.14, with strong gains coming from the materials, gold and base metals sectors.
The Canadian dollar closed at an average trading value of 77.45 cents US, down 0.49 of a U.S. cent.
In New York, the Dow Jones industrial average was down 171.58 points to 25,007.03. The S&P 500 index was down 17.71 points to 2,765.31 and the Nasdaq composite index was down 77.31 points to 7,511.01.
The April crude contract was down 65 cents to US$60.71 per barrel and the April natural gas contract was up one cent at US$2.79 per mmBTU.
The April gold contract was up US$6.30 to US$1,327.10 an ounce and the May copper contract was up one cent to US$3.14 a pound.
The post Broad rally helps boost Toronto stock market, loonie loses ground appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was up 42.35 points to 15,647.14, with strong gains coming from the materials, gold and base metals sectors.
The Canadian dollar closed at an average trading value of 77.45 cents US, down 0.49 of a U.S. cent.
In New York, the Dow Jones industrial average was down 171.58 points to 25,007.03. The S&P 500 index was down 17.71 points to 2,765.31 and the Nasdaq composite index was down 77.31 points to 7,511.01.
The April crude contract was down 65 cents to US$60.71 per barrel and the April natural gas contract was up one cent at US$2.79 per mmBTU.
The April gold contract was up US$6.30 to US$1,327.10 an ounce and the May copper contract was up one cent to US$3.14 a pound.
The post Broad rally helps boost Toronto stock market, loonie loses ground appeared first on Canadian Business – Your Source For Business News.
Feds’ unheralded $102B rainy day fund kept for the improbable, like cyberattacks
– canadianbusiness.com
OTTAWA _ The federal government committed hundreds of millions of dollars in its recent budget to help reinforce Canada’s cyber defences _ but if the effort fails to prevent a major attack, Ottawa can always turn to its little-known $102-billion emergency stash.
The rainy day fund of highly liquid assets is available to keep the government running for at least a month should the country ever find itself confronted by a severe crisis, such as a cyberattack that impairs access to financial markets.
The assets are held in what the government calls its “prudential liquidity plan,” part of which can be compared to a chequing account that offers Ottawa quick access to the funds, if necessary.
A recently released briefing note for Finance Minister Bill Morneau explained details about the unheralded plan.
“Canada holds liquidity reserves as a hedge against highly unlikely but potentially disruptive stress events,” said the August 2017 memo, obtained by The Canadian Press via the Access to Information Act…
The rainy day fund of highly liquid assets is available to keep the government running for at least a month should the country ever find itself confronted by a severe crisis, such as a cyberattack that impairs access to financial markets.
The assets are held in what the government calls its “prudential liquidity plan,” part of which can be compared to a chequing account that offers Ottawa quick access to the funds, if necessary.
A recently released briefing note for Finance Minister Bill Morneau explained details about the unheralded plan.
“Canada holds liquidity reserves as a hedge against highly unlikely but potentially disruptive stress events,” said the August 2017 memo, obtained by The Canadian Press via the Access to Information Act…
What Happened to the Common Man?
– online.wsj.com
Hillary Clinton seems to suggest political representation should be tied to wealth.Why the Choice-CREIT deal is likely to be a long-term winner for investors
– theglobeandmail.com
Here’s why I’ll happily exchange the Canadian Real Estate Investment Trust units in my model portfolio for units of a bigger and better Choice Properties REIT
