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Hands off our retirement money! Should Ottawa loosen the RRIF rules even more? + MORE May 18th
The 2015 federal budget proposes to lower the amount of tax-sheltered retirement money you are forced to access after 71. It's a good step but doesn't go nearly far enough, according to many financial planners..... More »
Toronto home sales, average prices soar in August + MORE Sep 7th
TORONTO – A record number of homes were sold in the Greater Toronto Area last month as listings continued to dwindle, the city’s real estate board said Wednesday.
The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, tho.... More »
Toronto, Hamilton, K-W expected to lead country in 2017 house price gains: Re/Max + MORE Dec 8th
Re/Max sees the average national house price rising by two per cent in 2017, led by big projected gains in real estate prices in the Hamilton, the Greater Toronto Area and Kitchener-Waterloo..... More »
Why Reuters investors are cool to Blackstone deal + MORE Feb 2nd
Once Reuters revealed details of its plan to sell a 55-per- cent stake in its financial- and risk-data business to a consortium led by Blackstone Group, investors became troubled
.... More »
Moody's sees Canada's provinces as 'stable' for first time since crisis - The Globe and Mail + MORE Dec 2nd
CBC.caMoody's sees Canada's provinces as 'stable' for first time since crisisThe Globe and MailMoody's now sees the outlook for Canada's provinces as “stable” for the first time since the financial crisis. The oil-dependent provinces still face troubles, of course, .... More »
Court greenlights $1.2-billion Mobilicity lawsuit
– theglobeandmail.com
Claim by company’s original backers alleges federal industry department broke its investment promises
Toronto mayor John Tory gets the Spadina subway blues amid mounting … – National Post
– news.google.ca
National PostToronto mayor John Tory gets the Spadina subway blues amid mounting …National PostToronto Mayor John Tory says he is furious about mounting financial “fiascos” on the taxpayer's dime and vowed to “stop the bleeding” on the latest exhibit: the Spadina subway extension. Just how badly the problem-plagued line is over budget and delayed …TTC under fire as subway construction cost skyrocketsToronto SunJohn Tory 'furious' at ballooning costs of Spadina subway extensionToronto StarMayor 'furious' about cost overruns, delays in subway extension projectCTV NewsThe Globe and Mail -Newstalk 1010 -CBC.caall 25 news articles »
Ottawa to compensate thalidomide victims with $125K each
– macleans.ca
EDMONTON – The federal government is offering a $125,000 lump-sum payment to each of Canada’s thalidomide victims, but the family of one survivor says it isn’t enough.
Health Minister Rona Ambrose says the money is tax free and intended to cover urgent health-care needs.
The long-awaited compensation package also includes a total of up to $168 million for ongoing medical assistance based on individual circumstances.
“I would like to express heartfelt sympathy and great regret for the decades of tremendous suffering and personal struggle that exposure to thalidomide has inflicted on survivors and their loved ones,” Ambrose told a news conference in Edmonton Friday.
“No regret or sympathy and no amount of financial support can ever undo what happened.
“However, today we are announcing support that will help ensure that survivors receive the care they need to live the rest of their lives with dignity.”
Ambrose said the support package would meet the needs of the 95 victims still believed to be living who are now in their mid-50s…
Health Minister Rona Ambrose says the money is tax free and intended to cover urgent health-care needs.
The long-awaited compensation package also includes a total of up to $168 million for ongoing medical assistance based on individual circumstances.
“I would like to express heartfelt sympathy and great regret for the decades of tremendous suffering and personal struggle that exposure to thalidomide has inflicted on survivors and their loved ones,” Ambrose told a news conference in Edmonton Friday.
“No regret or sympathy and no amount of financial support can ever undo what happened.
“However, today we are announcing support that will help ensure that survivors receive the care they need to live the rest of their lives with dignity.”
Ambrose said the support package would meet the needs of the 95 victims still believed to be living who are now in their mid-50s…
Business Highlights
– canadianbusiness.com
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Why 5.5 per cent unemployment isn’t as great as it seems
WASHINGTON (AP) — Unemployment in the U.S. has dropped to a seven-year low of 5.5 per cent — the level normally considered the mark of a healthy job market. Yet that number isn’t as encouraging as it might sound.
The jobless rate fell in February from 5.7 per cent mainly because many people gave up looking for work and were no longer officially counted among the unemployed, the government reported Friday. What’s more, wage gains remained sluggish last month.
Those trends suggest that the job market, while improving rapidly, isn’t quite as healthy as it looks.
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Dow reshuffle: Apple joins blue-chip index, AT&T gets booted
NEW YORK (AP) — Apple is in. AT&T is out.
In another victory of sorts for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday.
The move isn’t likely to impact the 30-stock index much, and will have no effect on the fortunes of the two companies…
Why 5.5 per cent unemployment isn’t as great as it seems
WASHINGTON (AP) — Unemployment in the U.S. has dropped to a seven-year low of 5.5 per cent — the level normally considered the mark of a healthy job market. Yet that number isn’t as encouraging as it might sound.
The jobless rate fell in February from 5.7 per cent mainly because many people gave up looking for work and were no longer officially counted among the unemployed, the government reported Friday. What’s more, wage gains remained sluggish last month.
Those trends suggest that the job market, while improving rapidly, isn’t quite as healthy as it looks.
___
Dow reshuffle: Apple joins blue-chip index, AT&T gets booted
NEW YORK (AP) — Apple is in. AT&T is out.
In another victory of sorts for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday.
The move isn’t likely to impact the 30-stock index much, and will have no effect on the fortunes of the two companies…
Is early retirement for this couple really in the cards?
– theglobeandmail.com
Jasper is relying on his investment portfolio – which is invested entirely in stock mutual funds – to finance their retirement goals
