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TFSA contribution room calculator Jan 1st
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
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Tax-free savings account is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like&nb.... More »
40 days – 2.75%
– ratesupermarket.ca
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.
Further oil declines help push TSX down, traders look to Fed for rate hike hints
– canadianbusiness.com
TORONTO – The Toronto stock market was slightly lower as oil prices continued to plumb fresh five-year lows while traders looked for reassurance from the U.S. Federal Reserve’s afternoon interest rate announcement.
The S&P/TSX composite index lost 20.95 points to 13,840.57.
The Canadian dollar gained 0.04 of a cent to 85.98 cents US ahead of the mid-afternoon release of the Fed’s rate announcement. Traders hope the Fed will retain important language in that statement that says short-term rates will stay ultra-low “for a considerable time.”
U.S. indexes were higher as the Dow Jones industrials gained 51.28 points to 17,120.15, the Nasdaq was ahead 6.06 points to 4,553.89 and the S&P 500 index was ahead 6.6 points to 1,979.34.
Oil prices continued to head lower as the market continues to sort out a huge supply/demand imbalance that has cut prices by more than 50 per cent since summertime highs. Oil fell $1.16 today to US$54.77.
The TSX registered a solid 156-point advance yesterday as investors picked through stocks that have been beaten down in value during the course of a selloff that had left the TSX barely in positive territory for the year…
The S&P/TSX composite index lost 20.95 points to 13,840.57.
The Canadian dollar gained 0.04 of a cent to 85.98 cents US ahead of the mid-afternoon release of the Fed’s rate announcement. Traders hope the Fed will retain important language in that statement that says short-term rates will stay ultra-low “for a considerable time.”
U.S. indexes were higher as the Dow Jones industrials gained 51.28 points to 17,120.15, the Nasdaq was ahead 6.06 points to 4,553.89 and the S&P 500 index was ahead 6.6 points to 1,979.34.
Oil prices continued to head lower as the market continues to sort out a huge supply/demand imbalance that has cut prices by more than 50 per cent since summertime highs. Oil fell $1.16 today to US$54.77.
The TSX registered a solid 156-point advance yesterday as investors picked through stocks that have been beaten down in value during the course of a selloff that had left the TSX barely in positive territory for the year…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
Penn West Petroleum to slash quarterly dividend by 78%, cut 2015 capital budget
– canadianbusiness.com
CALGARY – Penn West Petroleum Ltd. (TSX:PWT) is reducing its 2015 capital budget and slashing its dividend by 78.6 per cent in response to the current price environment, in which the price of crude has plunged globally.
The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.
The 2015 capital budget is also being reduced to $625 million, which is $215 million or about 26 per cent less than anticipated in Penn West’s previous guidance issued Nov. 17.
In the month that folowed that announcement, the price of crude has fallen dramatically — causing many producers to rethink their plans.
Penn West’s previous capital plan for 2015 assumed crude oil would average at US$86.50 per barrel but the revised plan has reduced that to US$65 barrel — still higher than the current price.
“Penn West’s business model assumes a conservative long run-term commodity price; however, the recent downturn falls outside our lowest probabilistic expectations,” Penn West president and CEO Dave Roberts said in a statement…
The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.
The 2015 capital budget is also being reduced to $625 million, which is $215 million or about 26 per cent less than anticipated in Penn West’s previous guidance issued Nov. 17.
In the month that folowed that announcement, the price of crude has fallen dramatically — causing many producers to rethink their plans.
Penn West’s previous capital plan for 2015 assumed crude oil would average at US$86.50 per barrel but the revised plan has reduced that to US$65 barrel — still higher than the current price.
“Penn West’s business model assumes a conservative long run-term commodity price; however, the recent downturn falls outside our lowest probabilistic expectations,” Penn West president and CEO Dave Roberts said in a statement…
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
