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How can my stock losses be used to lower taxes? Sep 17th
Q. I just received a report from my brokerage noting the value of one of my investments was cut in half. Can this loss report be used to lower taxes and how does that work? I understand there is also a specific form used for Canada Revenue, but I’m not sure which ones I need. Thanks, Lesli.... More »
North American stock markets regain some of the ground lost earlier this week Oct 12th
North American stock markets shot higher in early trading, regaining some of the steep losses from earlier this week. The Canadian dollar traded higher at 76.83 cents US compared with an average of 76.70 cents US on Thursday..... More »
Panama Papers fallout: RBC to comb through four decades of records + MORE Apr 6th
The CEO of RBC, the only Canadian financial institution linked to the so-called Panama Papers scandal, said Wednesday the bank is combing through four decades worth of files to determine whether any wrongdoing took place..... More »
The after-effect of market lows: a drop in fixed mortgage rates Aug 7th
When markets drop like they did on Monday, you may not immediately think of the impact on mortgage rates. We’ve been relying on the Bank of Canada to nudge rates lower, namely for variable mortgages. But fixed mortgages got a news headline-worthy update today, thanks to bonds, which are reacting t.... More »
Federal government targets sport participation with $660 million pledge to sport organizations - CBC + MORE Apr 28th
Federal government targets sport participation with $660 million pledge to sport organizations CBCOpinion | ‘It is a great day’: Liberals earmark over $755 million to reshape Canadian sports system in economic update Toronto StarAfter weakest Winter Olympic medal count in y.... More »
TSX to open lower amid major oilpatch buy; traders look to U.S. housing data
– canadianbusiness.com
TORONTO – The Toronto stock market looked set to open lower amid earnings news and acquisition activity in the Western Canadian oilpatch.
The Canadian dollar edged up 0.05 of a cent to 91.37 cents US.
New York futures were also lower as traders looked to see how severe winter weather impacted housing starts during January.
Economists looked for U.S. housing starts data to fall by 10 per cent to an annualized rate of 899,000.
The Dow Jones industrial futures fell 53 points to 16,054, the Nasdaq futures were down 7.7 points to 3,667.3 while the S&P 500 futures declined 6.75 points to 1,830.75.
The TSX and New York markets put in a lacklustre performance Tuesday amid manufacturing and real estate data that showed severe winter weather is having an impact on U.S. economic performance.
Also, traders will look to the release of the minutes from the latest Federal Reserve meeting mid-afternoon, where the central bank moved to further taper its bond purchases to $64 billion a month. Traders hoped to see some guidance from the Fed on future tapering…
The Canadian dollar edged up 0.05 of a cent to 91.37 cents US.
New York futures were also lower as traders looked to see how severe winter weather impacted housing starts during January.
Economists looked for U.S. housing starts data to fall by 10 per cent to an annualized rate of 899,000.
The Dow Jones industrial futures fell 53 points to 16,054, the Nasdaq futures were down 7.7 points to 3,667.3 while the S&P 500 futures declined 6.75 points to 1,830.75.
The TSX and New York markets put in a lacklustre performance Tuesday amid manufacturing and real estate data that showed severe winter weather is having an impact on U.S. economic performance.
Also, traders will look to the release of the minutes from the latest Federal Reserve meeting mid-afternoon, where the central bank moved to further taper its bond purchases to $64 billion a month. Traders hoped to see some guidance from the Fed on future tapering…
Canadian Natural buying some Devon gas assets for $3.1-billion
– theglobeandmail.com
Lands being acquired are all in Western Canada in areas next to or close to Canadian Natural’s current operations and exclude the Horn River and heavy oil properties
Sherritt reports bigger Q4 loss, misses estimates amid asset impairments
– canadianbusiness.com
TORONTO – Sherritt International Corp. (TSX:S) missed analyst estimates in the fourth quarter, reporting a $673.8 million net loss as it recorded a loss on the sale of its coal business and weaker operating results.
Sherritt reported a $38.1 million adjusted net loss in the fourth quarter, equal to 13 cents per share, as a result of a $466.8 million impairment charge related to the coal business and other items.
Analysts had expected Sherritt’s adjusted earnings would break even.
The company also told shareholders Wednesday that its quarterly dividend will be cut 76 per cent to one cent per common share, starting with the April 14 payment, down from 4.3 cents.
It said reduced payout to shareholders was prudent given persistently low commodity prices and its near-term funding requirements, particularly for the Ambatovy nickel project in Madagascar.
At the modified payout level, the annual cost of the dividend will be reduced by approximately $39 million in 2014, Sherritt said…
Sherritt reported a $38.1 million adjusted net loss in the fourth quarter, equal to 13 cents per share, as a result of a $466.8 million impairment charge related to the coal business and other items.
Analysts had expected Sherritt’s adjusted earnings would break even.
The company also told shareholders Wednesday that its quarterly dividend will be cut 76 per cent to one cent per common share, starting with the April 14 payment, down from 4.3 cents.
It said reduced payout to shareholders was prudent given persistently low commodity prices and its near-term funding requirements, particularly for the Ambatovy nickel project in Madagascar.
At the modified payout level, the annual cost of the dividend will be reduced by approximately $39 million in 2014, Sherritt said…
5.5 year – 2.77%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-25. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
