TSX getting you down? There are always sound investment alternatives.
Latest News
Making sense of the markets this week: December 25, 2022 Dec 23rd
This week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The round-up of returns for the year
Let’s start with a look at asset returns for 2022. Courtesy of our favourite economic tweeter Liz Sonders of Charles S.... More »
Canadian Women's Hockey League to close down over financial difficulties + MORE Mar 31st
The Canadian Women's Hockey League announced Sunday it would be discontinuing operations as of May 1 because of a business model that proved to be "economically unsustainable.".... More »
10 years after expropriation, Abitibi waste still in the ground Jan 13th
Ten years ago, when Abitibi Consolidated announced it was closing its Grand Falls-Windsor paper mill, the Danny Williams government reacted by expropriating the company's assets..... More »
Canada’s best credit cards for gas purchases for 2023 May 24th
Spend
Best no-fee credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
Uber says review it commissioned shows data safe, private for people using it to book rides + MORE Jan 31st
SAN FRANCISCO – Uber Technologies says that if you catch a ride with one of its drivers, your personal and financial data are safe — from Uber itself.
The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its priv.... More »
Japan slides into recession in wake of tax hike, undermining global growth prospects
– canadianbusiness.com
TOKYO – Japan’s economy unexpectedly shrank in the third quarter as housing and business investment declined following a tax hike, dragging the country into a recession and further clouding the outlook for the global economy.
The world’s third-largest economy contracted at a 1.6 per cent pace in the July-September quarter, the government said Monday, contrary to predictions it would grow after a big drop the previous quarter. The surprise deepens uncertainty when China’s growth is slowing and the 18-country eurozone grew only 0.2 per cent in the same quarter.
The gross domestic product figures showed across-the-board weakness in demand among consumers, manufacturers and builders. Many individuals and companies had spent money before the sales tax was hiked in April from 5 per cent to 8 per cent, and spending has languished since then.
“The impact of the sales tax was much more severe than expected,” said Junko Nishioka, an economist at RBS Japan Securities…
The world’s third-largest economy contracted at a 1.6 per cent pace in the July-September quarter, the government said Monday, contrary to predictions it would grow after a big drop the previous quarter. The surprise deepens uncertainty when China’s growth is slowing and the 18-country eurozone grew only 0.2 per cent in the same quarter.
The gross domestic product figures showed across-the-board weakness in demand among consumers, manufacturers and builders. Many individuals and companies had spent money before the sales tax was hiked in April from 5 per cent to 8 per cent, and spending has languished since then.
“The impact of the sales tax was much more severe than expected,” said Junko Nishioka, an economist at RBS Japan Securities…
China's New Old Financial Capital
– online.wsj.com
A stock-exchange deal shows Hong Kong’s advantage over Shanghai.Financial records show renowned journalism centre Poynter Institute lost $3.5M last year
– canadianbusiness.com
ST. PETERSBURG, Fla. – Financial statements show the Poynter Institute lost $3.5 million last year.
President Timothy A. Franklin said it’s been a challenging few years for all media organizations, including the St. Petersburg-based school and media strategy centre that teaches journalists from around the world.
Franklin said in a statement that Poynter is growing new sources of income for the long term.
Franklin revealed a plan this spring that includes more custom teaching and expansion of international programs.
Earlier this week, The Tampa Bay Times (http://tinyurl.com/o3lafls) reported that the University of South Florida System is exploring the purchase of 3.7 acres of the institute’s vacant land. The property would reportedly be sold for $6.2 million.
The Institute owns Times Publishing Co., which publishes the Tampa Bay Times and Florida Trend magazine.
___
Information from: Tampa Bay Times (St. Petersburg, Fla.), http://www.tampabay.com.
The post Financial records show renowned journalism centre Poynter Institute lost $3…
President Timothy A. Franklin said it’s been a challenging few years for all media organizations, including the St. Petersburg-based school and media strategy centre that teaches journalists from around the world.
Franklin said in a statement that Poynter is growing new sources of income for the long term.
Franklin revealed a plan this spring that includes more custom teaching and expansion of international programs.
Earlier this week, The Tampa Bay Times (http://tinyurl.com/o3lafls) reported that the University of South Florida System is exploring the purchase of 3.7 acres of the institute’s vacant land. The property would reportedly be sold for $6.2 million.
The Institute owns Times Publishing Co., which publishes the Tampa Bay Times and Florida Trend magazine.
___
Information from: Tampa Bay Times (St. Petersburg, Fla.), http://www.tampabay.com.
The post Financial records show renowned journalism centre Poynter Institute lost $3…
G20 concludes Brisbane meeting, agree to action to boost growth
– theglobeandmail.com
Citing risks from financial markets and geopolitical tensions, the leaders said the global economy is being held back by lacklustre demand
