How to go about securing the best return for your investment in Canada.
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Best in show: How to find and invest in market leaders Apr 5th
Canadians approach retirement planning in many different ways, but there’s one thing we can all benefit from: a strategy to save enough to retire comfortably and even generate income after we stop working.
But many of us don’t feel financially ready to stop working. According to a 2022 survey.... More »
Tesla Earnings Miss. Elon Musk Call Looms. (Live Coverage) - Investor's Business Daily Oct 22nd
Tesla Earnings Miss. Elon Musk Call Looms. (Live Coverage) Investor's Business DailyTesla Stock Falls Ahead Of Q3 Earnings -- Investors Brace For Big Reveal Yahoo FinanceProfits at Musk’s car company plunged again last quarter even as it sold more vehicles CityNews.... More »
Disney closes $71B US deal for Fox entertainment assets Mar 20th
Disney has closed its $71 billion acquisition of Fox's entertainment business, putting Cinderella, The Simpsons, Star Wars and Dr. Strange under one corporate roof..... More »
Can transferring ownership of a house help avoid probate tax? + MORE May 2nd
Ask MoneySense
I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be?
–Mary
Understanding inheritance tax in C.... More »
What to consider when naming investment account beneficiaries Jun 24th
When opening certain investment accounts, investors may have the option to designate a beneficiary. It is important to consider the implications in order to minimize tax payable and ensure estate wishes are fulfilled upon the death of an account holder.
RRSP
Registered Retirement Savings Plans (RRSP.... More »
Royal Bank profit climbs 4% to $2.5B
– cbc.ca
Royal Bank of Canada will be raising its dividend to shareholders following a four per cent rise in third-quarter profit to $2.475 billion.
By the numbers: North American stocks show recovery after days of tumult
– canadianbusiness.com
TORONTO – North American stocks rose on Wednesday as the markets recovered from a slump driven by concerns about the health of the Chinese economy. Here are some key numbers:
TORONTO STOCKS: The S&P/TSX composite shot up 230.66 points, or 1.75 per cent, to end the day at 13,381.59. The index still hasn’t fully recovered from Monday’s losses, a 3.1 per cent drop. The TSX had rebounded slightly on Tuesday, gaining 0.8 per cent.
NEW YORK STOCKS: The three major American indexes gained much of their losses back from the previous two days, when all three fell by between four and five per cent. The Dow Jones industrial average climbed four per cent on Wednesday. The Standard & Poor’s 500 index posted its biggest gain since November 2011, jumping 3.9 per cent. The Nasdaq composite surged 4.2 per cent.
The three major U.S. indexes had dropped six days in a row heading into Wednesday, the longest market slide in more than three years.
ASIAN MARKETS: Markets in Asia were mixed following two days of widespread losses…
TORONTO STOCKS: The S&P/TSX composite shot up 230.66 points, or 1.75 per cent, to end the day at 13,381.59. The index still hasn’t fully recovered from Monday’s losses, a 3.1 per cent drop. The TSX had rebounded slightly on Tuesday, gaining 0.8 per cent.
NEW YORK STOCKS: The three major American indexes gained much of their losses back from the previous two days, when all three fell by between four and five per cent. The Dow Jones industrial average climbed four per cent on Wednesday. The Standard & Poor’s 500 index posted its biggest gain since November 2011, jumping 3.9 per cent. The Nasdaq composite surged 4.2 per cent.
The three major U.S. indexes had dropped six days in a row heading into Wednesday, the longest market slide in more than three years.
ASIAN MARKETS: Markets in Asia were mixed following two days of widespread losses…
The close: Wall Street sees biggest one-day gain in four years
– theglobeandmail.com
Gains for TSX more subdued
As recently as June, ATB Financial chief economist Todd Hirsch thought Alberta could pull off growth this year. Now, Hirsch says, the market meltdown and persistently low oil prices mean that there’s no way to avoid a recession.
The Canadian dollar recovered to above 75 cents on Wednesday amid continued stock market volatility, but oil’s prospects continued to dim.
