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Ottawa puts $200M into space launch pad in Nova Scotia - CBC + MORE Mar 17th
Ottawa puts $200M into space launch pad in Nova Scotia CBCHistoric $200 million investment positions Nova Scotia spaceport as cornerstone of Canada’s defence capabilities canada.caOttawa investing $200-million in Nova Scotia spaceport to enable sovereign satellite launches&nb.... More »
Friday's analyst upgrades and downgrades - The Globe and Mail Mar 22nd
Friday's analyst upgrades and downgrades The Globe and MailAlimentation Couche-Tard reports lower earnings amid economic headwinds Yahoo Canada FinanceCircle K Owner (ATD CN) Sees Sales, Profit Drop as Consumers Pull Back Spending BloombergCouche-Tard shares plunge a.... More »
How are you taxed when you sell a small business? + MORE Apr 11th
I recently sold my company last year for $160,000 and purchased it for $90,000 in 1997. Can you please help me with the tax on this? I have called CRA many times and no one knows this simple process.—Peter
The types of taxes you owe when selling a small business
Sorry you have been having tr.... More »
Toronto Real Estate Board case to go back before tribunal + MORE Feb 4th
Federal Court of Appeal ruling could have implications on housing websites across the country
.... More »
Stock market news for investors: Canadian banks report Q1 earnings + MORE Feb 28th
Companies that reported earnings this week
BMO
Scotiabank
National Bank
CIBC
RBC
TD
Laurentian
Also read
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5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
The Royal Mail has been privatized, so why not Canada Post? — Larry MacDonald
– canadianbusiness.com
Earlier this month, the privatization of the British postal service, the Royal Mail, went ahead with the listing of shares on the London Stock Exchange. This development would seem to strengthen the case for similarly privatizing Canada Post through a listing of shares on the Toronto Stock Exchange.
Many studies and reports over the years have argued for privatization. I made the same argument more than two years ago in “20 reasons for ending Canada Post’s monopoly.” Since then, it has only become more apparent that Canada Post needs a radical makeover.
Email and other forms of digital communication continue to erode the letter delivery business, rendering Canada Post an increasing drain on the taxpayer’s purse. As of mid-2013, the crown corporation is unprofitable and has $1 billion in debt, a pension plan underfunded by $6 billion and negative net equity of nearly $3 billion. In 2008, it was profitable and had no debt, a fully funded pension plan and net equity of $1.5 billion…
Canada’s Manulife Financial Corp., along with U.S. insurers MetLife Inc., New York Life Insurance Co., and Prudential Financial Inc., worry new accounting proposals could make it harder for investors to get a true picture of life insurers’ financial health.
