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Should retirees speculate? + MORE Nov 12th
All investors need to know the difference between investing and speculation—often summed up as what you do with “serious money” versus “fun money”—and that’s doubly true for those at or near retirement. While investing is about building wealth you can count on, speculating typically me.... More »
Business practices at banks under review after reports + MORE Mar 15th
OTTAWA— Canada’s financial consumer watchdog said on Wednesday it was launching a review of business practices among the country’s major banks following reports citing unnamed employees who alleged that the lenders were selling services without the consent of their customers.
Lucie Ted.... More »
Judge orders release of documents in Trump University suit May 29th
WASHINGTON – A federal judge is ordering the release of Trump University internal documents in a class-action lawsuit against the now-defunct real estate school owned by presumptive Republican presidential nominee Donald Trump.
The order by U.S. District Judge Gonzalo Curiel in San Diego, whic.... More »
China Evergrande Debt Restructuring Looms - Bloomberg Markets and Finance Dec 6th
China Evergrande Debt Restructuring Looms Bloomberg Markets and FinanceChinese developer misses major bond repayment of $179 million Bangkok PostEvergrande Moves Toward Restructuring as Debt Deadlines Loom Yahoo Canada FinanceChina Evergrande shares hit 11-year low a.... More »
How do the RRSP contribution carry forward rules work? + MORE Jan 17th
If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $27,230 for the tax year 2020? Effectively making a contribution of $57,230 to my RRSP?— Lorraine
The rules around RRSP contribution room
As soon as a taxpayer starts t.... More »
A guide to cottage insurance
– moneysense.ca
(Getty Images / Fuse)Huntsville, Ont., with a population of just under 20,000, is a half-hour drive from Algonquin Provincial Park, and the ice trails at Arrowhead Provincial Park are within the town boundaries. You can find gluten-free smoked duck salad at The Mill on Main, a bathtub derby during a July festival and six—count ‘em, six—brokerages.
“When we just opened up [in 2013],” says Tim Withey, president of Huntsville’s Withey Insurance Brokers, “…some of my friends and colleagues in the neighbourhood were saying, ‘Well, how can you be another broker just opening up? There’s only so many people who buy insurance in this town.’”
But there’s no need to limit business to one town or even one time zone. “I’ve actually, over the years, built a pretty good side of business to do a national program,” says Withey. “So we’re licensed across the country.”
Double-duty cottages »
Withey also points to the importance of association work. “We’re endorsed by WETT [Wood Energy Technology Transfer] Canada, which are the wood stoves…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,682.39, up 44.40 points):
Royal Bank of Canada (TSX:RY). Bank. Up 50 cents, or 0.66 per cent, to $76.71 on 4.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.30 on three million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Down half a cent, or 5.88 per cent, to eight cents on 2.4 million shares.
National Bank of Canada (TSX:NA). Bank. Down five cents, or 0.11 per cent, to $46.64 on 2.2 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 27 cents, or 5.36 per cent, to $5.31 on 2.2 million shares.
Fortune Minerals Limited (TSX:FT). Miner. Up half a cent, or 11.11 per cent, to five cents on 1.4 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 70 cents, or 1.64 per cent, to $43.43 on 88,545 shares. The criminal fraud case against the engineering giant has been put off until Oct…
Toronto Stock Exchange (14,682.39, up 44.40 points):
Royal Bank of Canada (TSX:RY). Bank. Up 50 cents, or 0.66 per cent, to $76.71 on 4.4 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Unchanged at $2.30 on three million shares.
Anderson Energy Inc. (TSX:AXL). Oil and gas. Down half a cent, or 5.88 per cent, to eight cents on 2.4 million shares.
National Bank of Canada (TSX:NA). Bank. Down five cents, or 0.11 per cent, to $46.64 on 2.2 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Up 27 cents, or 5.36 per cent, to $5.31 on 2.2 million shares.
Fortune Minerals Limited (TSX:FT). Miner. Up half a cent, or 11.11 per cent, to five cents on 1.4 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 70 cents, or 1.64 per cent, to $43.43 on 88,545 shares. The criminal fraud case against the engineering giant has been put off until Oct…
‘Yes’ and ‘No’ in tight race in Greece, poll shows
– macleans.ca
Giorgos, a 77-year-old pensioner from Athens, sits outside a branch of the National Bank of Greece as he waits along with dozens of other pensioners, hoping to get their pensions in Athens, Greece June 29, 2015. Greece closed its banks and imposed capital controls on Sunday to check the growing strains on its crippled financial system, bringing the prospect of being forced out of the euro into plain sight. REUTERS/Yannis Behrakis TPX IMAGES OF THE DAY – RTX1I79GATHENS, Greece — The brief but intense campaign in Greece’s critical bailout referendum ends Friday, with simultaneous rallies in Athens for “Yes” and “No” supporters in what an opinion poll shows will be a very close race.
The poll published in To Ethnos newspaper showed the “Yes” campaign slightly in the lead but well within the margin of error. It also showed an overwhelming majority — 74 per cent — want the country to remain in Europe’s joint currency, the euro, compared to 15 per cent who want a national currency…
Ferrari valued at $11-billion or more in IPO, Marchionne says
– theglobeandmail.com
Car maker decided last year to spin off Ferrari
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.


