The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
What expenses can you deduct for a second property in Canada? + MORE Sep 14th
If someone owns a second property, what can they deduct? Can they deduct the cost of purchasing or renovations?—Nicole
The types of expenses you can deduct for a second property
There are several expenses that can be deducted from a second property, particularly if it is designated as an inv.... More »
'Get real' about workers' anxiety, Trudeau tells business elite - CityNews Feb 19th
CityNews'Get real' about workers' anxiety, Trudeau tells business eliteCityNewsCanadian Prime Minister Justin Trudeau speaks at the St. Matthew's Day banquet in Hamburg, Germany, on Feb. 17, 2017. THE CANADIAN PRESS/Adrian Wyld. Prime Minister Justin Trudeau used one of Germany&#.... More »
A tax guide for Canadians with disabilities May 3rd
It is the understatement of the century to say that being disabled is expensive. Many advocates refer to the added financial burden as the “disability tax”—the extra, unavoidable costs of living with a disability. In Canada, where about 27% of people identify as disabled according to Statistic.... More »
Best robo-advisors in Canada for 2024 Feb 8th
This being 2024, robo-advisors have now been part of Canada’s investment landscape for a decade. They’re not some newfangled fad. They’ve been tested by market cycles as well as competition from even simpler, lower-cost options like all-in-one exchange-traded funds (ETFs). Robos are still incr.... More »
Thousands of Indians declare $9.5 billion in ‘black money’ Oct 1st
NEW DELHI – Tens of thousands of Indians have declared a total of $9.5 billion in money that was either illegally obtained or not declared for tax purposes as part of a one-time opportunity to come clean under a government scheme, India’s finance minister said Saturday.
The declarations .... More »
A Calgary-based real estate trust would control one the largest collections of rental apartments in Canada after a proposed three-way deal involving nearly 25,000 residential suites in eight provinces and two territories.
Business Highlights
– canadianbusiness.com
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Google to be part of new holding company, ‘Alphabet’
SAN FRANCISCO (AP) — Google, which has been expanding far beyond its original business of Internet search advertising, is changing its operating structure by creating a new holding company called Alphabet.
The company says its new structure will give more independence to many of its wide-ranging and ambitious projects.
Under the plan announced Monday, Alphabet will be comprised of the core Google business — including Internet search, mapping and YouTube — along with newer businesses that will be managed separately, such as Google Fiber, Nest and the investment arm Google Ventures.
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AP EXCLUSIVE: US air controller study shows chronic fatigue
WASHINGTON (AP) — Air traffic controllers’ work schedules often lead to chronic fatigue, making them less alert and endangering the safety of the country’s air traffic system, according to a study the U.S. government has kept secret for nearly four years.
Federal Aviation Administration officials have declined to furnish a copy of the report despite repeated requests and a Freedom of Information Act request by The Associated Press…
Google to be part of new holding company, ‘Alphabet’
SAN FRANCISCO (AP) — Google, which has been expanding far beyond its original business of Internet search advertising, is changing its operating structure by creating a new holding company called Alphabet.
The company says its new structure will give more independence to many of its wide-ranging and ambitious projects.
Under the plan announced Monday, Alphabet will be comprised of the core Google business — including Internet search, mapping and YouTube — along with newer businesses that will be managed separately, such as Google Fiber, Nest and the investment arm Google Ventures.
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AP EXCLUSIVE: US air controller study shows chronic fatigue
WASHINGTON (AP) — Air traffic controllers’ work schedules often lead to chronic fatigue, making them less alert and endangering the safety of the country’s air traffic system, according to a study the U.S. government has kept secret for nearly four years.
Federal Aviation Administration officials have declined to furnish a copy of the report despite repeated requests and a Freedom of Information Act request by The Associated Press…
Correction: Earns-Telus story
– canadianbusiness.com
In a story Aug. 7 about Telus Corp.’s earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously where the company is based. Its headquarters are in Burnaby, British Columbia.
A corrected version of the story is below:
Telus tops Street 2Q forecasts
Telus beats 2Q earnings and revenue expectations
BURNABY, British Columbia (AP) — Telus Corp. (TU) on Friday reported second-quarter profit of $277.3 million.
The Burnaby, British Columbia-based company said it had net income of 46 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The telecommunications company posted revenue of $2.52 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2…
A corrected version of the story is below:
Telus tops Street 2Q forecasts
Telus beats 2Q earnings and revenue expectations
BURNABY, British Columbia (AP) — Telus Corp. (TU) on Friday reported second-quarter profit of $277.3 million.
The Burnaby, British Columbia-based company said it had net income of 46 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 54 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The telecommunications company posted revenue of $2.52 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $2…
Northern Property REIT deal may be hard sell for unitholders
– theglobeandmail.com
Northern Property’s earnings per share will drop by double-digit percentage points if True North Apartment purchase goes through
Fisherman on TV’s ‘Wicked Tuna’ pleads not guilty to fraud; feds say he claimed to be disabled
– canadianbusiness.com
BURLINGTON, Vt. – A fisherman featured on the reality show “Wicked Tuna” pleaded not guilty Monday to federal fraud charges that he collected government benefits while claiming to be disabled.
The indictment handed down last month says Paul Hebert, 50, of Gloucester, Massachusetts, and Barre, Vermont, accepted more than $44,000 in Social Security and Medicaid benefits between 2010 and 2013.
Prosecutors say while Hebert was seen manning big fishing rods and harpooning huge fish on the National Geographic Channel reality show, he was at the same time claiming he was unable to work, with no income, no vehicle and no assets. They say during that period he was actually living with a woman and his child, owned a vehicle, and, at one point, a home.
If convicted Hebert faces up to five years in prison and a fine of up to $250,000 on each of four counts in the indictment.
Hebert’s attorney did not return a call seeking comment. National Geographic did not return an email seeking comment…
The indictment handed down last month says Paul Hebert, 50, of Gloucester, Massachusetts, and Barre, Vermont, accepted more than $44,000 in Social Security and Medicaid benefits between 2010 and 2013.
Prosecutors say while Hebert was seen manning big fishing rods and harpooning huge fish on the National Geographic Channel reality show, he was at the same time claiming he was unable to work, with no income, no vehicle and no assets. They say during that period he was actually living with a woman and his child, owned a vehicle, and, at one point, a home.
If convicted Hebert faces up to five years in prison and a fine of up to $250,000 on each of four counts in the indictment.
Hebert’s attorney did not return a call seeking comment. National Geographic did not return an email seeking comment…
