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The real estate math mistake we all make + MORE Jul 20th
(Tetra Images/Getty Images)
Most financial choices boil down to simple math. Add up the gains, subtract the costs, and you should get a number that helps you draw a conclusion. Those numbers are particularly useful when trying to make a major life decision, such as whether or not to sell the family .... More »
Jack Dorsey’s Square Inc. files for IPO + MORE Oct 15th
Square Inc, the mobile payments company co-founded by Twitter Chief Executive Jack Dorsey, filed with U.S. regulators for an initial public offering of common stock
.... More »
What happens to my RRIF when I die? + MORE Mar 30th
Ask MoneySense
I have named my three adult children as the beneficiaries of my RRIF account. Will this account be rolled over to them on a tax-free basis?–Bob
Can you name a beneficiary on a RRIF?
Thanks for your question, Bob. A registered retirement income fund (RRIF) is one of several re.... More »
3 financial goals to kick-start the new year Jan 16th
Over the holidays, many Canadians made new year’s resolutions related to their career, health and family. If you haven’t added any financial goals to your list, now is the perfect time. Let’s look at three things you can do that could significantly impact your financial well-being this year—.... More »
Calgary Is Converting Abandoned Offices Into Housing Oct 16th
When Maxim Olshevsky stepped inside 909 5th Ave. SW, a 10-storey building in downtown Calgary, he could have sworn he was looking at the aftermath of a zombie apocalypse. Frayed cubicle walls loomed over piles of expired contracts; name tags lay abandoned on dust-blanketed desks. To most, this would.... More »
The Financial Post’s Kristine Owram looks at some of the day’s top business and financial stories.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,859.12, down 5.95 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 3.20 per cent, to $1.29 on 14.6 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 50 cents, or 5.36 per cent, to $9.83 on 8.6 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Up 45 cents, or 1.22 per cent, to $37.26 on 6.3 million shares.
Crescent Point Energy (TSX:CPG). Oil and gas. Up $1.55, or 10.11 per cent, to $16.88 on 6.2 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 19 cents, or 2.70 per cent, to $6.86 on 5.7 million shares.
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Up 39 cents, or 5.34 per cent, to $7.70 on 5.7 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Down 29 cents, or 3.07 per cent, to $9.15 on 4.7 million shares. Barrick Gold Corp. has received US$298 million cash from selling half of its interest in the Porgera mining operation to Zijin Mining Group…
Toronto Stock Exchange (13,859.12, down 5.95 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up four cents, or 3.20 per cent, to $1.29 on 14.6 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 50 cents, or 5.36 per cent, to $9.83 on 8.6 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Up 45 cents, or 1.22 per cent, to $37.26 on 6.3 million shares.
Crescent Point Energy (TSX:CPG). Oil and gas. Up $1.55, or 10.11 per cent, to $16.88 on 6.2 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 19 cents, or 2.70 per cent, to $6.86 on 5.7 million shares.
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Up 39 cents, or 5.34 per cent, to $7.70 on 5.7 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Down 29 cents, or 3.07 per cent, to $9.15 on 4.7 million shares. Barrick Gold Corp. has received US$298 million cash from selling half of its interest in the Porgera mining operation to Zijin Mining Group…
Alberta deficit forecast at $5.9B as province feels impact of low oil prices – CBC.ca
– news.google.ca
CBC.caAlberta deficit forecast at $5.9B as province feels impact of low oil pricesCBC.caThe effect of low oil prices is starting to make an impact on Alberta finances, according to the province's first-quarter update released Monday, and it could get worse. A steep drop in the price of West Texas Intermediate crude in August is prompting …Alberta economy will be in recession, Notley government confirmsThe Globe and MailCanada's Oil-Dependent Alberta Province Projects Record DeficitWall Street JournalProjected deficit takes giant bite out of Alberta's financial cushionCalgary HeraldEdmonton Journal -Reuters Canada -Financial Postall 63 news articles »
Your essential reads on Canada’s economy
– macleans.ca
NEW YORK, NY – APRIL 29: Traders work on the floor of the New York Stock Exchange (NYSE) on April 29, 2015 in New York City. U.S. stocks closed down over 70 points on Wednesday as investors remained on cautious amid mixed earnings reports. (Photo by Spencer Platt/Getty Images)Amid so much talk of the “r-word” (recession, for those not afraid to say it aloud), as party leaders each position themselves as the saviours of Canada’s economy, Maclean’s offers a comprehensive reading list that gets you in the know on the challenges facing the country’s bottom line—and how politicians hope to fix all the uncertainty. We get you started with excerpts, but follow the links for the rest of each story.
How Canada’s economy went from boom to recession so fast
An in-depth look at the perfect storm that pushed Canada into recession
While Canadian consumers have so far helped offset the damage by their seemingly unending willingness to borrow and spend, the resulting debt that households have piled on now represents an economic risk in its own right—particularly if job and wage growth weaken…
CP Rail increases potential size of share buyback to 11.9M shares or 8% of float
– canadianbusiness.com
CALGARY – Canadian Pacific Railway Ltd. (TSX:CP) is increasing the maximum number of shares it my purchase for cancellation to more than 11.9 million or eight per cent of its public float.
Under the original normal course issuer bid approved by the Toronto Stock Exchange and announced in March, the railway planned to repurchase up to 9.14 million shares or six per cent of its float.
So far under the bid, which began March 18 and ends March 17, 2016, the company has repurchased almost 8.9 million common shares or about 5.9 per cent of the float.
The post CP Rail increases potential size of share buyback to 11.9M shares or 8% of float appeared first on Canadian Business – Your Source For Business News.
Under the original normal course issuer bid approved by the Toronto Stock Exchange and announced in March, the railway planned to repurchase up to 9.14 million shares or six per cent of its float.
So far under the bid, which began March 18 and ends March 17, 2016, the company has repurchased almost 8.9 million common shares or about 5.9 per cent of the float.
The post CP Rail increases potential size of share buyback to 11.9M shares or 8% of float appeared first on Canadian Business – Your Source For Business News.
