Canada's economy shrank by 0.1% in January, as oil and real estate slumped + MORE Mar 29th

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TSX has one of its best days of the year on rally by three largest sectors - Yahoo Canada Finance Jun 18th

TSX has one of its best days of the year on rally by three largest sectors  Yahoo Canada FinanceCanada's main stock index inched to within one per cent of a record high Tuesday on a broad-based rally spurred on by renewed hope of U.S. interest rate cuts ....... More »

Auto-parts maker Linamar says GM’s U.S. strike costing $1-million a day; shares drop - The Globe and Mail Oct 3rd

Auto-parts maker Linamar says GM’s U.S. strike costing $1-million a day; shares drop  The Globe and MailLinamar tumbles after warning about impact of GM strike  BNNBloomberg.caLinamar shares tumble after warning about impact of GM strike on earnings  Yahoo Canada Fina.... More »

What is a market-linked GIC? Nov 27th

If you’ve been checking out GICs lately, it’s likely because of the record gains from recent interest rate hikes. Interest rates for guaranteed investment certificates have steadily increased as the Bank of Canada (BoC) has raised its benchmark rate over the past year and a half. At some financi.... More »

The Canadian mortgage stress test, explained Jul 18th

The Canadian mortgage stress test applies to anyone applying for a mortgage, refinancing their current home loan, or renegotiating the terms of their mortgage contract with a federally regulated lender. And while provincially regulated lenders have more flexibility when it comes to mortgage app.... More »

Global stock markets have lost $6 trillion in value in six days - CNBC + MORE Feb 28th

Global stock markets have lost $6 trillion in value in six days  CNBCCoronavuirus fears devastate Dow Jones by 4.4 per cent  Sky News AustraliaCoronavirus spread sparks “bloodbath” on Wall Street  World Socialist Web SiteHere's how long stock market corrections last.... More »
Dollarama Inc. raised its dividend as it reported its fourth-quarter profit climbed to $162.8 million compared with $146.1 million a year earlier.

Continue Reading On cbc.ca »

VANCOUVER — When Rick Smith’s son decided to move from Yukon to Victoria for college he bought him a condominium to avoid high rents, but a new provincial tax means the property may turn out to be more of a financial burden than anticipated.
“Our contribution to his future is to put a roof over his head during his studies,” Smith said Wednesday. “This bloody tax is pushing us against the wall.”
Finance Minister Carole James released details of what the government is calling a speculation tax on Monday that predominantly affects properties owned by non-B.C. residents.
James said the tax is intended to improve housing affordability in areas where the need is most acute, while exempting rural cabins and vacation homes.
READ: Canadian real estate market outlook 2018
Areas covered by the tax include Metro Vancouver, Kelowna, West Kelowna, Nanaimo-Lantzville, Abbotsford, Chilliwack, Mission and the Capital Regional District around Victoria on southern Vancouver Island, excluding the Gulf Islands and Juan de Fuca…

Continue Reading On moneysense.ca »

Canada’s economy contracted unexpectedly in January, with total output inching down by 0.1 per cent largely because of a slowdown in oil and in real estate.

Continue Reading On cbc.ca »

Toronto StarTrump again goes after a favourite target — AmazonToronto StarAmazon shares dropped 4.4 per cent Wednesday after Axios reported that Trump has wondered if there was a way to “go after” the company with antitrust or competition laws. U.S. President Donald Trump tweeted Thursday: “I have stated my concerns with …Donald Trump attacks Amazon again, retailer's stock falls nearly 5%Globalnews.caTrump loads another tweet into the chamber — and fires on Amazon againCBC.caAmazon replaces Facebook as FAANG's biggest punching bag, losing $53 billion in one dayFinancial PostThe Guardian -CNBC -CNNMoney -USA TODAYall 330 news articles »

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Jason Lietaer is a conservative strategist and commentator who is the president of the national communications firm Enterprise Canada. He is an aspiring participant of championship parades to be held for the Leafs and Raptors.
Over the past several years, fuelled by the rise of social media and an increasingly politically divided populace around the world, excessive partisanship has flourished. It’s a growth industry. If it were a stock, you would buy. You would mortgage your house to buy and then buy a little more on margin, just to be safe.
I think most thoughtful people consider this is to be bad. The tone of the last U.S. election campaign could be compared to a raging dumpster fire, but that would be an insult to dumpsters, to fires, and to dumpster fires.
One of the men in my line of work, a genuinely nice guy named Ian Capstick, wrote a piece in Maclean’s announcing he was done with partisanship. The piece calls for more empathy, more reasoned debate and a little bit of self-awareness…

Continue Reading On macleans.ca »

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