There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Morneau leaning toward 'targeted measure' to boost corporate investment - not tax cut + MORE Sep 13th
The federal government's fall economic update is likely to include targeted tax measures to boost the country's competitiveness instead of a cut to the country's corporate tax rate, according to a senior government official familiar with the Department of Finance's work on the issue..... More »
Vancouver’s housing correction could be over + MORE Apr 18th
Vancouver, British Columbia (Dan Breckwoldt/Shutterstock)
TORONTO – Royal LePage says early evidence suggests that the recent correction in Vancouver’s housing market may be short-lived.
The realtor released a report Tuesday saying Canada’s two largest real estate markets continued the.... More »
Gold assets top 2,000 tons as the clamour for havens grows louder + MORE Jul 7th
Prices continue their ascent as miners rally
.... More »
Ottawa alters rules to curb foreign money in Canadian housing - CBC.ca + MORE Oct 3rd
CBC.caOttawa alters rules to curb foreign money in Canadian housingCBC.caOttawa has announced new rules aimed at limiting foreign money into Canadian real estate and ensuring that Canadians take on mortgages that they can afford. Finance Minister Bill Morneau announce the new rules at a speech in To.... More »
Vancouver's real estate tax sparks backlash from Chinese buyers - The Globe and Mail + MORE Aug 15th
The Globe and MailVancouver's real estate tax sparks backlash from Chinese buyersThe Globe and MailThree years ago, Jack Li signed to buy a modest one-bedroom condo in Richmond for about $200,000, a chance to gain a relatively cheap foothold in British Columbia's Lower Mainland. Then he wa.... More »
A report by the Canadian Centre for Policy Alternatives shows that the country’s 86 richest individuals and families — or 0.002 per cent of the total population — are getting exponentially richer and now have accumulated as much wealth as the country’s poorest 11.4 million.
Income inequality nothing compared to wealth inequality in Canada: report
– canadianbusiness.com
OTTAWA – While politicians in Ottawa still can’t decide who is in the middle class, a new analysis suggests wealth is increasingly gravitating to the very top.
The report by the left-leaning Canadian Centre for Policy Alternatives shows that the country’s 86 richest individuals and families — or 0.002 per cent of the total population — are getting exponentially richer and now have accumulated as much wealth as the country’s poorest 11.4 million.
That’s more than in 1999, when the richest 86 had as much money as the poorest 10.1 million and enough to buy up everything in New Brunswick and still have about $40 billion left over, according to the report, to be released Thursday.
The point of the exercise, says economist and author David Macdonald, who used Statistics Canada data and research from Canadian Business magazine, is to show that if income inequality is a policy and social justice concern — wealth inequality is worse.
In fact, the super-rich list of Canadian residents has little to do with income in the traditional sense, he said…
The report by the left-leaning Canadian Centre for Policy Alternatives shows that the country’s 86 richest individuals and families — or 0.002 per cent of the total population — are getting exponentially richer and now have accumulated as much wealth as the country’s poorest 11.4 million.
That’s more than in 1999, when the richest 86 had as much money as the poorest 10.1 million and enough to buy up everything in New Brunswick and still have about $40 billion left over, according to the report, to be released Thursday.
The point of the exercise, says economist and author David Macdonald, who used Statistics Canada data and research from Canadian Business magazine, is to show that if income inequality is a policy and social justice concern — wealth inequality is worse.
In fact, the super-rich list of Canadian residents has little to do with income in the traditional sense, he said…
China has outlined a stimulus package designed to boost spending on railways and encourage other construction investment after signs its economy is slowing to below Premier Li Keqiang’s target of 7.5 per cent growth this year.
Fortis gets U.S. regulatory approval for $4.3B UNS Energy acquisition
– canadianbusiness.com
ST. JOHN’S, N.L. – Fortis Inc. (TSX:FTS), one of Canada’s largest utility companies, has received regulatory approval in the U.S. to move ahead with its acquisition of UNS Energy Corp.
The company, which operates power and gas utilities in several provinces and U.S. states, says the Washington-based Federal Energy Regulatory Commission gave the deal the green light, finding that it was “consistent with the public interest.” The purchase of UNS is valued at $4.3 billion, including $2.5 billion cash plus assumed debt
Shareholders of UNS Energy, an Arizona-based electricity and gas utility company, already approved the purchase at the end of March.
The acquisition, which is expected to close later this year, is still subject to regulatory approval from the state, and subject to other reviews.
Fortis says about one-third of its assets will be in the United States once the UNS deal closes and it will gain 650,000 customers in Arizona — part of the company’s strategy of geographic diversification…
The company, which operates power and gas utilities in several provinces and U.S. states, says the Washington-based Federal Energy Regulatory Commission gave the deal the green light, finding that it was “consistent with the public interest.” The purchase of UNS is valued at $4.3 billion, including $2.5 billion cash plus assumed debt
Shareholders of UNS Energy, an Arizona-based electricity and gas utility company, already approved the purchase at the end of March.
The acquisition, which is expected to close later this year, is still subject to regulatory approval from the state, and subject to other reviews.
Fortis says about one-third of its assets will be in the United States once the UNS deal closes and it will gain 650,000 customers in Arizona — part of the company’s strategy of geographic diversification…
Alibaba’s IPO architect lays out blueprint for e-commerce empire
– theglobeandmail.com
Vice-chair of world's biggest e-tailer plans $16-billion initial public offering; says company's future plans stretch from banking to education, travel and entertainment
