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90 days - 1.60% + MORE Mar 29th
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..... More »
Toronto, Regina, Winnipeg at risk of housing correction + MORE Aug 13th
TORONTO – A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction due to a combination of factors including overvalued home prices.
The CMHC report says a rapid increase in home prices this year and overvaluation are .... More »
5 smart strategies for renewing your mortgage + MORE Mar 24th
Owning a home has plenty of benefits, but it’s not without challenges. Over one million mortgages in Canada are set to renew in the next few years, and many home owners will be faced with higher interest rates. If you’re in this situation, you may feel squeezed in two ways: a higher interest rat.... More »
GICs and Savings Accounts - Which Best Combat Inflation? Sep 7th
Guaranteed Investment Certificates (GICs) and Savings accounts at banks offer a person in Canada the safest possible place to invest money. Both are backed 100% against any loss up to $100,000 by the Canada Deposit Insurance Corporation, an arm of the federal government. That's as safe as it gets.Sa.... More »
AbbVie tops 2Q net income expectations, misses revenue forecasts + MORE Jul 24th
NORTH CHICAGO, Ill. – AbbVie Inc. (ABBV) on Friday reported second-quarter profit of $1.37 billion.
The North Chicago, Illinois-based company said it had profit of 83 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.08 per share.
The results exceed.... More »
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,227.66 down 17.48 points):
Fortis Inc. (TSX:FTS.IR). Utilities. Up 35 cents, or 1.07 per cent, to $33.00 on 31.7 million shares.
Carpathian Gold Inc. (TSX:CPN). Miner. Down 0.5 cents, or 14.29 per cent, to three cents on 7.4 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 12 cents, or 3.38 per cent, to $3.43 on 6.5 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Unchanged at 7.5 cents on 5.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up five cents, or 1.29 per cent, to $3.92 on 5.5 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 55 cents, or 4.27 per cent, to $12.33 on 5.4 million shares.
Toronto Venture Exchange (1,033.64 up 1.53 points):
Panoro Minerals Ltd. (TSXV:PML). Miner. Unchanged at 28 cents on 10.1 million shares.
Africa Hydrocarbons Inc. (TSXV:NFK). Oil and gas. Down 2.5 cents, or 16…
Toronto Stock Exchange (14,227.66 down 17.48 points):
Fortis Inc. (TSX:FTS.IR). Utilities. Up 35 cents, or 1.07 per cent, to $33.00 on 31.7 million shares.
Carpathian Gold Inc. (TSX:CPN). Miner. Down 0.5 cents, or 14.29 per cent, to three cents on 7.4 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 12 cents, or 3.38 per cent, to $3.43 on 6.5 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Unchanged at 7.5 cents on 5.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up five cents, or 1.29 per cent, to $3.92 on 5.5 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 55 cents, or 4.27 per cent, to $12.33 on 5.4 million shares.
Toronto Venture Exchange (1,033.64 up 1.53 points):
Panoro Minerals Ltd. (TSXV:PML). Miner. Unchanged at 28 cents on 10.1 million shares.
Africa Hydrocarbons Inc. (TSXV:NFK). Oil and gas. Down 2.5 cents, or 16…
Business Highlights
– canadianbusiness.com
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Target says it ignored early signs of data breach
NEW YORK (AP) — Target Corp. said in its annual report that a massive security breach has hurt its image and business, while spawning dozens of legal actions, and it noted that it can’t estimate how big the financial tab will end up being.
The disclosure Friday with the Securities and Exchange Commission came as the nation’s second-largest discounter said separately that security software picked up on suspicious activity after a cyberattack was launched, but it decided not to take immediate action
The company continues to grapple with the fallout of its massive breach since it revealed in mid-December that hackers stole credit card numbers and personal data of millions of its customers.
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AP Exclusive: FBI balks at pot background checks
SEATTLE (AP) — The FBI is refusing to run nationwide background checks on people applying to run legal marijuana businesses in Washington state, even though it has conducted similar checks in Colorado…
Target says it ignored early signs of data breach
NEW YORK (AP) — Target Corp. said in its annual report that a massive security breach has hurt its image and business, while spawning dozens of legal actions, and it noted that it can’t estimate how big the financial tab will end up being.
The disclosure Friday with the Securities and Exchange Commission came as the nation’s second-largest discounter said separately that security software picked up on suspicious activity after a cyberattack was launched, but it decided not to take immediate action
The company continues to grapple with the fallout of its massive breach since it revealed in mid-December that hackers stole credit card numbers and personal data of millions of its customers.
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AP Exclusive: FBI balks at pot background checks
SEATTLE (AP) — The FBI is refusing to run nationwide background checks on people applying to run legal marijuana businesses in Washington state, even though it has conducted similar checks in Colorado…
Why you should reinvest your RRSP refund
– moneysense.ca
If you contribute $5,000 to your RRSP each year and your marginal tax rate is 30%, you’d receive a refund of $1,500. But if you reinvest that next year along with your regular $5,000, your RRSP contribution will be $6,500, netting you a $1,950 refund. After 10 years of continually reinvesting your tax refunds and 5% annual growth, your savings would be increased by more than $23,000.
The post Why you should reinvest your RRSP refund appeared first on MoneySense.
5 things your tax software isn’t telling you
– moneysense.ca
(Corbis)1. You don’t have to pay for software. The CRA lists more than 25 free programs that are certified to work with its electronic tax transmission service, NETFILE. Vancouver-based personal finance blogger Krystal Yee says these free versions have the same functionality as software kits that run from $30 to $100, depending on their sophistication. “I just use the web versions,” says Yee, who has spent five years testing a variety of tax-filing tools. Just bear in mind that your personal information may be encrypted and temporarily stored in the cloud by doing so.
2. You may be better off with an accountant. If you own a business or rental property or have offshore investments, hiring an accountant may set you back several hundred dollars but you’re less likely to miss out on important credits and deductions.
3. Don’t know your cost basis? Neither do we. Basic tax software won’t calculate your cost basis, the amount of gain or loss when you sell an asset. It’s not always an easy calculation either, since it includes commissions in the case of stock purchases…
Liberty Media, GM, Barrick Gold and Strayer Education are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
General Motors Co., up 30 cents to $34.09
Despite the upturn, a steady drumbeat of revelations about botched recalls dragged shares of the automaker down almost 10 per cent this week.
Barrick Gold Corp., up 12 cents to $20.91
As Russia mobilizes near the Ukraine border, gold prices are hitting six-month highs near $1,400 per ounce, benefiting miners.
Aeropostale Inc., down $1.47 to $5.83
The retailer hit 52-week lows after losses widened and it cut a financing deal that could give one investor a larger stake.
General Mills Inc., down $1.24 to $49.77
The maker of Cheerios, Yoplait and Betty Crocker issued a weak outlook, citing lower demand for its products in developed markets.
Nasdaq
Liberty Media Corp., up $9.11 to $135.25
The communications and entertainment company controlled by billionaire John Malone dropped its bid to buy the rest of Sirius…
NYSE
General Motors Co., up 30 cents to $34.09
Despite the upturn, a steady drumbeat of revelations about botched recalls dragged shares of the automaker down almost 10 per cent this week.
Barrick Gold Corp., up 12 cents to $20.91
As Russia mobilizes near the Ukraine border, gold prices are hitting six-month highs near $1,400 per ounce, benefiting miners.
Aeropostale Inc., down $1.47 to $5.83
The retailer hit 52-week lows after losses widened and it cut a financing deal that could give one investor a larger stake.
General Mills Inc., down $1.24 to $49.77
The maker of Cheerios, Yoplait and Betty Crocker issued a weak outlook, citing lower demand for its products in developed markets.
Nasdaq
Liberty Media Corp., up $9.11 to $135.25
The communications and entertainment company controlled by billionaire John Malone dropped its bid to buy the rest of Sirius…
