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Angus Reid study looks at food affordability | CTV News - CTV News Winnipeg Jan 23rd
Angus Reid study looks at food affordability | CTV News CTV News WinnipegAlmost 60% Of Canadians Find It 'Difficult' To Afford Groceries According To A New Poll Narcity CanadaDeepening inequality and financial stress in B.C. and across Canada: poll Vancouver Is Aweso.... More »
5 Financial Milestones Everyone Should Hit in their 20s Feb 28th
Less than two years ago, it was reported by the BBC that 53% of young people in the UK between the ages of 22 and 29 were living with no savings put aside. This problem has also been reported in other countries and appears to be a new financial global trend amongst younger generations.
This is a wor.... More »
CPPIB shakes up executive team as succession planning continues + MORE Jul 5th
Changes to investment board’s executive team are slowly being rolled out by CEO Mark Machin
.... More »
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan - CBC News + MORE Apr 26th
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan CBC NewsTesla Is on Pace to Lose $100 Billion in One Day BNNTesla loses $126 billion in one day Financial PostTesla Stock Drop Wipes Out $126 Billion in One Day Yahoo FinanceWhy Elon Mus.... More »
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances - Toronto Star Jun 27th
‘Let them do their dirty work’: School trustees react as Ford government takes over 4 boards, including Toronto public and Catholic, over finances Toronto StarOntario Taking Action to Restore School Board Financial Stability ontario.caFord government sends supervisors into .... More »
With Dow Jones industrial average in a ‘correction,’ a look at what it means to you
– canadianbusiness.com
NEW YORK, N.Y. – The stock market’s steep decline this week has pushed the Dow Jones industrial average into what is known as “correction” territory.
Here are some common questions asked about corrections and what they mean to average investors:
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WHAT IS A STOCK MARKET CORRECTION?
A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq — or an individual stock — falls 10 per cent from its most-recent high. The Dow lost 530.94 points Friday and closed at 16,459, which is 10.1 per cent below its record close of 18,312 set on May 19. A correction is not the same as a bear market, which is defined as when a stock index or individual stock falls 20 per cent from its most-recent peak.
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IS THE ENTIRE STOCK MARKET IN A CORRECTION?
No. In fact, the Standard & Poor’s 500 index, considered a far broader gauge of the U.S. stock market’s health, is down 7.5 per cent from its most-recent high. The Nasdaq is precariously close to being in a correction, down 9…
Here are some common questions asked about corrections and what they mean to average investors:
___
WHAT IS A STOCK MARKET CORRECTION?
A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq — or an individual stock — falls 10 per cent from its most-recent high. The Dow lost 530.94 points Friday and closed at 16,459, which is 10.1 per cent below its record close of 18,312 set on May 19. A correction is not the same as a bear market, which is defined as when a stock index or individual stock falls 20 per cent from its most-recent peak.
___
IS THE ENTIRE STOCK MARKET IN A CORRECTION?
No. In fact, the Standard & Poor’s 500 index, considered a far broader gauge of the U.S. stock market’s health, is down 7.5 per cent from its most-recent high. The Nasdaq is precariously close to being in a correction, down 9…
CEO of cheating website says he’s faithful to wife despite running affair dating service
– canadianbusiness.com
SAN DIEGO – Touting himself as the “The King of Infidelity,” the founder of the adultery site Ashley Madison built his livelihood around the unconventional philosophy that cheating is a natural part of married life — yet he says he is a devoted husband, and his wife of 12 years says she would be devastated if he was unfaithful.
Noel and Amanda Biderman say they do not practice what they preach but simply are smart entrepreneurs seizing an untapped market.
“I am printing money, I don’t deny it,” Biderman told the New York Daily News in 2014. “That’s what happens when you build a taboo-focused business.”
Their privately held Toronto holding company, Avid Life Media Inc., grossed $115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes.
Now divorce lawyers are preparing for a potential bonanza from the site’s massive breach that released the information of its subscribers.
It’s a problem the Bidermans say they have never had to confront because they are in a monogamous relationship, but they recognize others do not have that and there is money to be made from infidelity…
Noel and Amanda Biderman say they do not practice what they preach but simply are smart entrepreneurs seizing an untapped market.
“I am printing money, I don’t deny it,” Biderman told the New York Daily News in 2014. “That’s what happens when you build a taboo-focused business.”
Their privately held Toronto holding company, Avid Life Media Inc., grossed $115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes.
Now divorce lawyers are preparing for a potential bonanza from the site’s massive breach that released the information of its subscribers.
It’s a problem the Bidermans say they have never had to confront because they are in a monogamous relationship, but they recognize others do not have that and there is money to be made from infidelity…
Business Highlights
– canadianbusiness.com
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Fears over global slowdown hammer US stocks for 2nd day
NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.
The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. In the U.S., the selling started early and never let up.
Investors ditched beaten-down oil companies, as well as Netflix, Apple and other technology darlings. Oil plunged below $40 for the first time since the financial crisis, and government bonds rallied as investors raced into hiding spots.
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Barrel of US crude drops below $40
NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. The price of oil has fallen for eight consecutive weeks, the longest streak since 1986…
Fears over global slowdown hammer US stocks for 2nd day
NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.
The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. In the U.S., the selling started early and never let up.
Investors ditched beaten-down oil companies, as well as Netflix, Apple and other technology darlings. Oil plunged below $40 for the first time since the financial crisis, and government bonds rallied as investors raced into hiding spots.
___
Barrel of US crude drops below $40
NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.
Friday’s fall, to $39.86, was just the latest indicator of a vast shift in the energy landscape over the past year. The price of oil has fallen for eight consecutive weeks, the longest streak since 1986…
Relax, a stock market pullback was due
– theglobeandmail.com
If your investment plan is sound, the best strategy for weathering the recent stock market correction – an aftershock of the 2008 financial crisis – is to maintain a steady course and not panic
OTTAWA — A Liberal candidate has admitted he broke election spending laws during his fight to win a bitterly contested nomination battle in the Toronto-area riding of Mississauga-Lakeshore.
In a compliance agreement struck with the commissioner of elections, Sven Spengemann admits he personally paid for some campaign expenses, which legally should have been paid only by his financial agent.
As a result, Spengemann admits he wound up donating $4,255 to his own nomination campaign—almost twice the legal limit of $2,200.
Under the terms of the compliance agreement, published in the Canada Gazette, Spengemann has agreed to solicit legal contributions to cover his excess donation and to pay that money to the receiver general.
He also agrees to file with Elections Canada an updated nomination financial return, reflecting all his campaign expenses and contributions.
A compliance agreement is a commonly used method of dealing with infractions of election laws; it does not constitute a criminal conviction or create a criminal record…
In a compliance agreement struck with the commissioner of elections, Sven Spengemann admits he personally paid for some campaign expenses, which legally should have been paid only by his financial agent.
As a result, Spengemann admits he wound up donating $4,255 to his own nomination campaign—almost twice the legal limit of $2,200.
Under the terms of the compliance agreement, published in the Canada Gazette, Spengemann has agreed to solicit legal contributions to cover his excess donation and to pay that money to the receiver general.
He also agrees to file with Elections Canada an updated nomination financial return, reflecting all his campaign expenses and contributions.
A compliance agreement is a commonly used method of dealing with infractions of election laws; it does not constitute a criminal conviction or create a criminal record…
