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The TSX outlook looks bright for October – especially for one sector + MORE Sep 29th
Canada’s benchmark stock index has been trending up since the end of January
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The smart way to pay for “experiences” and other money tips Oct 1st
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Ass.... More »
Fisherman on TV’s ‘Wicked Tuna’ pleads not guilty to fraud; feds say he claimed to be disabled + MORE Aug 10th
BURLINGTON, Vt. – A fisherman featured on the reality show “Wicked Tuna” pleaded not guilty Monday to federal fraud charges that he collected government benefits while claiming to be disabled.
The indictment handed down last month says Paul Hebert, 50, of Gloucester, Massachusetts,.... More »
Has Vision Capital spotted the next REIT takeover? + MORE Feb 2nd
Why real estate fund Vision Capital, which has a track record for picking takeover candidates, invested in apartment owner Pure Multi-Family REIT
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How to use FHSA and RRSP withdrawals for a home down payment in Canada + MORE Feb 11th
Ask MoneySense
My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 from our RRSPs through the Home Buyers’ Plan, even though we would only need $120,000 for the down payment? We would use the additional $80,.... More »
Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says
– canadianbusiness.com
HONG KONG – Hong Kong’s finance chief forecasts that the economy of the Asian financial centre could grow up to 4 per cent this year after expanding 2.9 per cent in 2013.
Financial Secretary John Tsang said Wednesday that he predicts 3-4 per cent growth in 2014 for the semiautonomous southern Chinese city. That’s lower than the 4.5 per cent average annual growth rate over the past decade.
Tsang said Hong Kong’s economy expanded 2.9 per cent in 2013, nearly double the 1.5 per cent rate in the previous year.
Mainland China helped underpin Hong Kong’s growth as a tepid recovery in the major export markets of U.S and Europe dragged down its trade.
Tsang warned of volatile markets and capital flows as the Fed scales back its economic stimulus.
The post Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says appeared first on Canadian Business.
Financial Secretary John Tsang said Wednesday that he predicts 3-4 per cent growth in 2014 for the semiautonomous southern Chinese city. That’s lower than the 4.5 per cent average annual growth rate over the past decade.
Tsang said Hong Kong’s economy expanded 2.9 per cent in 2013, nearly double the 1.5 per cent rate in the previous year.
Mainland China helped underpin Hong Kong’s growth as a tepid recovery in the major export markets of U.S and Europe dragged down its trade.
Tsang warned of volatile markets and capital flows as the Fed scales back its economic stimulus.
The post Hong Kong economy could grow as much as 4 per cent in 2014, finance chief says appeared first on Canadian Business.
Real estate making us richer
– thestar.com
Canadian families’ net worth skyrocketing, driven by real estate, says StatsCanCanadian investment firm buys tower on New York’s Park Avenue for $575-million
– theglobeandmail.com
The tower, 450 Park Avenue, is in Midtown East, a neighborhood where chic retailers pay some of the highest rents in the world and developers are erecting tall, slim buildings with $95-million condominiums
Ombudsman gives case studies of bad deals: Roseman
– thestar.com
Clients get almost half a million in compensation from an investment firm whose adviser was selling securities not authorized for sale.Davis and Henderson posts higher Q4 profit; revenue soars 50% to $259.1M
– canadianbusiness.com
TORONTO – Financial technology provider Davis + Henderson Corp. (TSX:DH) says acquisitions and organic growth powered a big increase in revenue and higher profits in the fourth quarter.
The Toronto-based company best known for its cheque-printing business, says net income was $17.4 million or just under 21.5 cents per diluted share in the quarter.
That compared with $13.7 million or 23 cents in the year-earlier period.
Revenues from continuing operations soared 50 per cent to $259.1 million from $172.5 million, reflecting the inclusion of Harland Financial Solutions, which it acquired last August, in the U.S. segment as well as organic growth in the Canadian segment.
Adjusted net income increased by 61.6 per cent to $42 million from $26.0 million in 2012, mainly due to the inclusion of Harland Financial. Adjusted net income per share increased by 18.6 per cent to 52 cents from 44 cents, reflecting the additional common shares issued to finance the HFS acquisition.
“This was a transformational period for D+H as a combination of strategic fintech acquisitions and organic growth more than tripled our U…
The Toronto-based company best known for its cheque-printing business, says net income was $17.4 million or just under 21.5 cents per diluted share in the quarter.
That compared with $13.7 million or 23 cents in the year-earlier period.
Revenues from continuing operations soared 50 per cent to $259.1 million from $172.5 million, reflecting the inclusion of Harland Financial Solutions, which it acquired last August, in the U.S. segment as well as organic growth in the Canadian segment.
Adjusted net income increased by 61.6 per cent to $42 million from $26.0 million in 2012, mainly due to the inclusion of Harland Financial. Adjusted net income per share increased by 18.6 per cent to 52 cents from 44 cents, reflecting the additional common shares issued to finance the HFS acquisition.
“This was a transformational period for D+H as a combination of strategic fintech acquisitions and organic growth more than tripled our U…
