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Bombardier dives to penny stock status as rivals continue to sign deals to sell jets + MORE Jan 28th
Bombardier shares were reduced to penny-stock status for the first time since 1991 on Wednesday as the plane and train maker continues to have trouble selling its next generation of aircraft..... More »
China’s central bank governor says yuan has stabilized against the dollar Sep 6th
BEIJING, China – China’s central bank governor has told a meeting of the G-20 that China’s currency has stabilized against the dollar after the country’s surprise announcement last month to revalue the yuan amid stock market turmoil.
Zhou Xiaochuan told a meeting of G-20 fina.... More »
John and Jill pay just $1,400 a month rent in Toronto. Should they buy a home or keep on saving? May 14th
The home you live in should is not an ‘investment’ says financial expert Jason Heath. So paying such low rent in Toronto, the couple should consider staying put and socking away more cash..... More »
China's great fall, loonie's swan dive & some mushy math on taxes: BUSINESS WEEK WRAP + MORE Aug 28th
From fears that China's stock bubble is overinflated, to some new numbers meant to show how overtaxed Canadians are, it was a busy week in the business news. Good thing the CBC's Jacqueline Hansen is here to walk you through the week that was in her video recap..... More »
40 days - 2.75% + MORE Dec 10th
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online..... More »
5.5 year – 2.60%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.
Consider changes to RRSPs, before provincial pension plan, says C.D. Howe
– canadianbusiness.com
TORONTO – Ottawa is being urged to reconsider enhancing RRSPs as a way of getting more Canadians to save for retirement.
The paper by the C.D. Howe Institute says policy-makers often overlook improving Registered Retirement Savings Plans because, it is argued, not enough people actually make contributions.
But the think-tank points out that by taking into account those who only have private savings for retirement — as opposed to those who can rely on a workplace plan — then contribution rates are much higher.
The report says that RRSPs are “most beneficial” to those who make $50,000 or more and are not covered by a workplace plan.
Among this group, about half had made a contribution in 2013, contributing an average of 10 per cent of their earnings.
The institute argues that is not the case for low- to average-income workers, or those who make less than $25,000 a year or between $25,000 to $50,000 a year, who do not have a workplace pension. It says that is because they will receive enough from the Canada Pension Plan and other government programs to maintain their standard of living…
The paper by the C.D. Howe Institute says policy-makers often overlook improving Registered Retirement Savings Plans because, it is argued, not enough people actually make contributions.
But the think-tank points out that by taking into account those who only have private savings for retirement — as opposed to those who can rely on a workplace plan — then contribution rates are much higher.
The report says that RRSPs are “most beneficial” to those who make $50,000 or more and are not covered by a workplace plan.
Among this group, about half had made a contribution in 2013, contributing an average of 10 per cent of their earnings.
The institute argues that is not the case for low- to average-income workers, or those who make less than $25,000 a year or between $25,000 to $50,000 a year, who do not have a workplace pension. It says that is because they will receive enough from the Canada Pension Plan and other government programs to maintain their standard of living…
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
30 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Royal Bank of Scotland warns it’s ready to move HQ to England in case of Scottish independence
– canadianbusiness.com
LONDON – Royal Bank of Scotland says it has made plans to move its headquarters to England in the event that Scotland votes for independence next week.
The bank, a key employer in Scotland and a symbol of its financial sector, says it has drawn up contingency plans because being based in an independent Scotland would create uncertainties that could hurt its business and customers. It says it could affect its credit rating and change the legal, fiscal and monetary environment it works in.
Thursday’s warning comes a day after another financial group, Standard Life, said it is ready to move parts of its business to England in case of independence.
RBS has been based in Scotland since 1727.
The post Royal Bank of Scotland warns it’s ready to move HQ to England in case of Scottish independence appeared first on Canadian Business.
The bank, a key employer in Scotland and a symbol of its financial sector, says it has drawn up contingency plans because being based in an independent Scotland would create uncertainties that could hurt its business and customers. It says it could affect its credit rating and change the legal, fiscal and monetary environment it works in.
Thursday’s warning comes a day after another financial group, Standard Life, said it is ready to move parts of its business to England in case of independence.
RBS has been based in Scotland since 1727.
The post Royal Bank of Scotland warns it’s ready to move HQ to England in case of Scottish independence appeared first on Canadian Business.
