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Latest News
A loophole to avoid paying capital gains tax? + MORE Sep 23rd
Q: I have been holding some publicly listed stocks (for the sake of simplicity let’s say they are all listed on the TSX) which I purchased a long time ago while I was both a resident and citizen of Canada. These securities are held in a non-registered investment account with a Canadian broke.... More »
High speed rail from Vancouver to Seattle, Portland 'worth the investment,' study says - CBC.ca Jul 16th
High speed rail from Vancouver to Seattle, Portland 'worth the investment,' study says CBC.caA new study looking into high speed rail between cities in British Columbia and Washington state says it's financially viable. The report by Washington state ...View full coverage on Google News.... More »
Smaller towns may not benefit from infrastructure bank: Morneau + MORE Nov 23rd
THE CANADIAN PRESS/Justin Tang
OTTAWA – Finance Minister Bill Morneau is suggesting that small municipalities won’t see much – if any – benefit from the federal government’s proposed new infrastructure bank.
The bank, to be launched next year, is intended to attract billions in pri.... More »
Websites share Toronto home data after court rules sale prices can't be kept secret + MORE Dec 6th
Some websites already have selling prices posted for Toronto homes after a legal ruling saying the Toronto Real Estate Board has no right to keep sold prices secret. But real estate agencies are being cautious..... More »
Canadian dollar falls ahead of open at Toronto Stock Exchange + MORE Jun 1st
TORONTO – The Canadian dollar was down about one-quarter of a U.S. cent ahead of trading on North American stock markets, which appeared headed for a positive open.
The loonie traded at 80.13 cents US, down 0.28 of a U.S. cent from Friday’s close.
The Dow Jones industrial futures were up.... More »
Toronto Real Estate Board case to go back before tribunal
– theglobeandmail.com
Federal Court of Appeal ruling could have implications on housing websites across the country
Homes overvalued by 10% in Canada, TD says
– moneysense.ca
TORONTO – TD Bank is estimating Canadian home prices are about 10 per cent overvalued given the expectations for rising interest rates.
The bank says a combination of softer demand and rising supply of homes for sale will likely pull some steam out of home prices.
While 2014 is likely to see stable prices on average, the bank estimated prices are expected to edge down by two per cent per cent in 2015-16.
It says markets like Toronto, Vancouver, Montreal and Ottawa are likely more overvalued than markets in the Prairie and Atlantic regions and will likely see more of an impact.
The Canadian housing market and worries about a real estate bubble have been key concerns for policy-makers for several years.
Recent indicators have suggested the market may be headed for a soft landing instead of a bubble bursting, but concerns have persisted.
The post Homes overvalued by 10% in Canada, TD says appeared first on MoneySense.
The bank says a combination of softer demand and rising supply of homes for sale will likely pull some steam out of home prices.
While 2014 is likely to see stable prices on average, the bank estimated prices are expected to edge down by two per cent per cent in 2015-16.
It says markets like Toronto, Vancouver, Montreal and Ottawa are likely more overvalued than markets in the Prairie and Atlantic regions and will likely see more of an impact.
The Canadian housing market and worries about a real estate bubble have been key concerns for policy-makers for several years.
Recent indicators have suggested the market may be headed for a soft landing instead of a bubble bursting, but concerns have persisted.
The post Homes overvalued by 10% in Canada, TD says appeared first on MoneySense.
Suncor hikes quarterly dividend again, posts slight dip in operating earnings
– canadianbusiness.com
CALGARY – Suncor Energy Inc. (TSX:SU) has hiked its dividend by 15 per cent to 23 cents per share — nine months after a 54-per-cent bump its quarterly payout.
Its board of directors has also approved additional share buybacks of up to $1 billion, subject to regulatory approval.
Canada’s largest energy company made the announcement as it reported quarterly operating earnings that were slightly lower year-over-year, but missed analyst estimates.
Suncor’s operating earnings during the last three months of 2013 were $973 million, down from $988 million during the same 2012 period.
The operating earnings of 66 cents per share missed the 78 cents per share analysts surveyed by Thomson Reuters had been expecting.
Net earnings, which account for one-time items, were $443 million, or 30 cents per share, compared to a loss of $574 million, or 38 cents per share, during the fourth quarter of 2012, when Suncor booked a $1.49-billion charge on its scrapped Voyageur oilsands upgrader…
Its board of directors has also approved additional share buybacks of up to $1 billion, subject to regulatory approval.
Canada’s largest energy company made the announcement as it reported quarterly operating earnings that were slightly lower year-over-year, but missed analyst estimates.
Suncor’s operating earnings during the last three months of 2013 were $973 million, down from $988 million during the same 2012 period.
The operating earnings of 66 cents per share missed the 78 cents per share analysts surveyed by Thomson Reuters had been expecting.
Net earnings, which account for one-time items, were $443 million, or 30 cents per share, compared to a loss of $574 million, or 38 cents per share, during the fourth quarter of 2012, when Suncor booked a $1.49-billion charge on its scrapped Voyageur oilsands upgrader…
The Canada Job Grant involves employers, too
– macleans.ca
Jason Kenney’s job grant shifts financial burden to the private sector
A plan to build a $1-billion cement plant in the Gaspé peninsula that would be owned by Bombardier’s investment arm is coming under fire from critics, who say the Quebec government should not be underwriting the private-sector project.
