TSX getting you down? There are always sound investment alternatives.
Latest News
S&P 500 hits record high, equals longest bull-run + MORE Aug 21st
The benchmark S&P 500 touched a record high on Tuesday and equalled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute..... More »
Beyond financial planning: How to achieve the lifestyle you want + MORE May 25th
Q. I have just turned 40, am single, and earn $86,000 a year. I also have zero debt. I just finished paying off my house, worth $315,000, and I would like to continue to put away my mortgage payment of $1,000 every two weeks as savings.
Because all money went to debt repayment, I’ve never really i.... More »
A guide to five-year fixed mortgage rates + MORE Feb 28th
After consecutive years of record-low interest rates in Canada, many experts predict we are entering a period of rising rates—which would make the cost of borrowing money, be it for a mortgage or a student loan, more expensive. The possibility of these rate hikes can make the stability of a f.... More »
Strong US dollar hurts Swiss pharmaceutical company Novartis with 32-per cent drop in Q2 profit + MORE Jul 21st
BERLIN – Swiss-based pharmaceutical giant Novartis’ second-quarter net income dropped 32 per cent over the same quarter last year, brought down primarily by poor performance from associated companies and negative effects of a strong U.S. dollar, the company said Tuesday
Net income was $1.... More »
The best low-interest credit cards in Canada for 2024 + MORE May 29th
Credit card interest rates aren’t all the same. If you carry a balance on your credit card, or if you expect to take on debt that will take some time to pay off, you might want to consider applying for a low-interest credit card.
The savings could be substantial: while most regular credit card.... More »
Shopify raising IPO price on strong demand for startup
– theglobeandmail.com
Shopify Inc., which provides software for merchants to run their businesses, has increased the maximum price and number of shares it plans to sell in its initial public offering expected later this week.
Pharma firm Medicago to build $245-million production complex in Quebec City
– canadianbusiness.com
QUEBEC – Vaccine-maker Medicago says it’s building a $245 million production complex in Quebec City, where it already has its head office and laboratories.
The company says it has received financial support from all three levels of government, including a $60 million loan from the province and an $8-million loan from Ottawa.
By 2019, Medicago expects to employ 200 people who will work at a 44,000 square metre facility at the Estimauville innovation park, in addition to 180 already in the city.
The company says the new complex will have the capacity to deliver between 40 million and 50 million doses of seasonal flu vaccines and will include its corporate offices and research and development activities.
The post Pharma firm Medicago to build $245-million production complex in Quebec City appeared first on Canadian Business – Your Source For Business News.
The company says it has received financial support from all three levels of government, including a $60 million loan from the province and an $8-million loan from Ottawa.
By 2019, Medicago expects to employ 200 people who will work at a 44,000 square metre facility at the Estimauville innovation park, in addition to 180 already in the city.
The company says the new complex will have the capacity to deliver between 40 million and 50 million doses of seasonal flu vaccines and will include its corporate offices and research and development activities.
The post Pharma firm Medicago to build $245-million production complex in Quebec City appeared first on Canadian Business – Your Source For Business News.
Tax deductions from investment expenses
– moneysense.ca
Unlock tax deductions with investment expenses (Alex Slobodkin/Getty Images)Congratulations! You made it through another tax season. But it may not be over yet. As you sip your favorite summer beverage on the deck to celebrate, Canada Revenue Agency is quietly scanning your return looking for red flags that can trigger an audit. And one of the most common red flags is an improper claim for investment expenses.
It’s absolutely worth taking the time to claim your investment expenses—if it’s done properly, you can save thousands of dollars in taxes each year. But it’s pretty complicated and you have to do it correctly, or you could get into hot water. Read on and I’ll take you through the process of making the most common claims.
What are investment expenses anyway? There are two main types of investment expenses that can be claimed. The first is the most obvious: you can claim some—but not all—of the direct costs associated with investing, including some of the fees you pay your investment counsel or accountant for helping you with your taxes…
US stock indexes drift in early trading as market comes off its latest record highs; Oil falls
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are drifting mostly lower in early trading as the market comes off its latest record high. Major markets in Europe rallied after a European Central Bank official said it would step up its stimulus program.
KEEPING SCORE: The Dow Jones industrial average shed 4 points, less than 0.1 per cent, to 18,297 as of 10:19 a.m. Eastern time Tuesday. The Standard & Poor’s 500 lost one point to 2,129, and the Nasdaq composite picked up one point to 5,080.
MORE HOUSES: Builders started work on new houses at the fastest pace in seven years, the government reported early Tuesday. The Commerce Department said that housing starts jumped 20.2 per cent to an annual rate of 1.14 million homes, the fastest clip since November 2007.
REACTION: The housing report drove up homebuilders’ stocks: PulteGroup, Lennar and D.R. Horton all climbed 1 per cent. “The housing market comes back in the spring, is what realtors always say, and boy is this true today,” said Christopher Rupkey, chief financial economist at MUFG Union Bank, in a note to clients…
KEEPING SCORE: The Dow Jones industrial average shed 4 points, less than 0.1 per cent, to 18,297 as of 10:19 a.m. Eastern time Tuesday. The Standard & Poor’s 500 lost one point to 2,129, and the Nasdaq composite picked up one point to 5,080.
MORE HOUSES: Builders started work on new houses at the fastest pace in seven years, the government reported early Tuesday. The Commerce Department said that housing starts jumped 20.2 per cent to an annual rate of 1.14 million homes, the fastest clip since November 2007.
REACTION: The housing report drove up homebuilders’ stocks: PulteGroup, Lennar and D.R. Horton all climbed 1 per cent. “The housing market comes back in the spring, is what realtors always say, and boy is this true today,” said Christopher Rupkey, chief financial economist at MUFG Union Bank, in a note to clients…
Municipal study sees looming housing problem
– macleans.ca
OTTAWA – The country has a looming housing problem that is going to require action from all levels of government, according to a new report from the Federation of Canadian Municipalities.
The study says the long, steady decline in federal subsidies for social housing has left provinces, territories and municipalities struggling against market forces that are making it increasingly difficult for low- and modest-income renters.
“With 850,000 lower-rent units lost in the last decade, our rental sector is ill prepared for any downturn in the housing market,” Brad Woodside, the president of the FCM, says in the introduction to the study.
“One in five renters pays more than 50 per cent of their income on housing.”
The report notes that existing social housing stock was created under a partnership involving all orders of government, but as Ottawa unilaterally opts out of renewal agreements, cash-strapped provinces and cities are unable to properly maintain the properties…
The study says the long, steady decline in federal subsidies for social housing has left provinces, territories and municipalities struggling against market forces that are making it increasingly difficult for low- and modest-income renters.
“With 850,000 lower-rent units lost in the last decade, our rental sector is ill prepared for any downturn in the housing market,” Brad Woodside, the president of the FCM, says in the introduction to the study.
“One in five renters pays more than 50 per cent of their income on housing.”
The report notes that existing social housing stock was created under a partnership involving all orders of government, but as Ottawa unilaterally opts out of renewal agreements, cash-strapped provinces and cities are unable to properly maintain the properties…
