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Morneau to weigh in on OSFI's ‘bank’ branding crackdown + MORE Jul 25th
Canadian banking regulator announced plan to levy penalties against non-bank financial institutions using terms such ‘banking’ and ‘banker’ last month, drawing credit-union trade group’s ire
.... More »
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada - Global News Jan 6th
What the U.S.-Iran spat means for financial markets and gasoline prices in Canada Global NewsTrump already told us he sees war with Iran as a distraction from a faltering presidency: Keith Boag CBC.caTrump doubles down on threat to Iran cultural sites CTV NewsThe rea.... More »
Canada’s best credit cards for grocery purchases 2023 + MORE Apr 24th
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Canada’s best credit cards for groceries
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
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Financial aid guide for university and college students in Canada + MORE Dec 2nd
Financial aid is rarely an after-thought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are alrea.... More »
S&P/TSX composite index hits record closing high + MORE Jun 20th
Canada's main stock index closed at a record high Wednesday, boosted by a broad-based rally on the market..... More »
Picking up the pieces: Retirement after divorce
– moneysense.ca
Two years ago, Shauna Ray loaded up her Jeep Escalade and drove away from 16 years of marriage to her husband Dan. It had been a long time coming. “During our time together Dan only ever cared about one thing—his career,” says Shauna, 42, who lives in Calgary. “He literally worked from sun up to sun down, which is saying something in Alberta. The split was inevitable.”But Shauna’s now realizing how important Dan’s $120,000 salesman salary was to her lifestyle. (We’ve changed names to protect privacy.) Last month she did up a budget and found out she’s overspending by more than $2,200 annually on her $60,000 income. “Newly divorced, I’m feeling very unsure of how to plan for my future,” she admits. “Dan did all the heavy lifting in the financial planning department, so I know little about saving and investing.”
But it turns out Dan didn’t, either. He squandered a lot of their income investing in penny stocks, Shauna says. “He would always be disappointed we didn’t have large amounts of money socked away in RRSPs at year end…
Greece’s banking stocks plunged for the second day in a row on Tuesday, dragging the main Athens index down and reflecting the country’s continuing financial and economic woes.
Shares of Israeli Parkinson’s disease drug developer Intec Pharma fall in stock market debut
– canadianbusiness.com
NEW YORK, N.Y. – Shares of Israeli drug developer Intec Pharma Ltd. fell in their stock market debut Tuesday.
Intec raised more than $30 million in its initial public offering, selling 5 million shares at $6 per share. It plans to use the money raised to fund a clinical drug trial for its Parkinson’s disease treatment that it is developing.
The company’s shares are trading on the Nasdaq stock market under the ticker symbol “NTEC.”
They fell 5 cents to $5.95 in afternoon trading Tuesday.
The post Shares of Israeli Parkinson’s disease drug developer Intec Pharma fall in stock market debut appeared first on Canadian Business – Your Source For Business News.
Intec raised more than $30 million in its initial public offering, selling 5 million shares at $6 per share. It plans to use the money raised to fund a clinical drug trial for its Parkinson’s disease treatment that it is developing.
The company’s shares are trading on the Nasdaq stock market under the ticker symbol “NTEC.”
They fell 5 cents to $5.95 in afternoon trading Tuesday.
The post Shares of Israeli Parkinson’s disease drug developer Intec Pharma fall in stock market debut appeared first on Canadian Business – Your Source For Business News.
Health law subsidies at risk next year for 1.8M households; fed government launches outreach
– canadianbusiness.com
WASHINGTON – About 1.8 million households that got financial help for health insurance under President Barack Obama’s law now have issues with their tax returns that could jeopardize their subsidies next year. Administration officials say those taxpayers will have to act quickly.
“There’s still time, but people need to take action soon,” said Lori Lodes, communications director for the Centers for Medicare and Medicaid Services, which runs HealthCare.gov.
The health care law provides tax credits to help people afford private insurance. Nationally, that aid averages $272 a month, covering roughly three-fourths of the premium. By funneling the aid through the income tax system, Democrats were able to call the overhaul the largest middle-class tax cut for health care in history. But they also spliced together two really complicated areas for consumers: health insurance and taxes. Confusion has been the result for many.
Consumers who got health care tax credits are required to file tax returns that properly account for them, even if they are unaccustomed to filing because their incomes are low…
“There’s still time, but people need to take action soon,” said Lori Lodes, communications director for the Centers for Medicare and Medicaid Services, which runs HealthCare.gov.
The health care law provides tax credits to help people afford private insurance. Nationally, that aid averages $272 a month, covering roughly three-fourths of the premium. By funneling the aid through the income tax system, Democrats were able to call the overhaul the largest middle-class tax cut for health care in history. But they also spliced together two really complicated areas for consumers: health insurance and taxes. Confusion has been the result for many.
Consumers who got health care tax credits are required to file tax returns that properly account for them, even if they are unaccustomed to filing because their incomes are low…
Toyota first-quarter profit rose 10 per cent to a new record as a cheaper yen helped boost its earnings.
