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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 »
Hudson's Bay Co. reported to be in bid for Macy's - CBC.ca + MORE Feb 3rd
CBC.caHudson's Bay Co. reported to be in bid for Macy'sCBC.caShares of Hudson's Bay Co. and department store chain Macy's surged on Friday following reports that the venerable Canadian retailer has made a takeover approach to the U.S. company. Hudson's Bay shares rose as hig.... More »
Canada's Remembrance Day ceremonies mark 100-year anniversary of First World War armistice - Globalnews.ca Nov 11th
Globalnews.caCanada's Remembrance Day ceremonies mark 100-year anniversary of First World War armisticeGlobalnews.caWATCH: In this special Remembrance Day tribute, we look at key battles from the First World War in which Canadians were the secret weapon that helped the Allies win. X. - A A +. L.... More »
Ontario is putting up to $178 million into a stalled Toronto rental project. Is it a good investment or 'bailout'? Jun 9th
The province is funding the investment through the Build Ontario Fund, a Crown agency with a mandate to invest in needed infrastructure that makes a profit..... More »
Planning for retirement with little or no savings to draw on Jul 9th
Despite their best intentions some Canadians, facing a variety of financial challenges throughout their working lives, may not be able to save much towards retirement. Yet it’s difficult to know how to manage in those circumstances, as so much of the financial planning advice that’s shared widel.... More »
Chicago council passes Emanuel’s budget including steep property tax hike to improve finances
– canadianbusiness.com
CHICAGO – Chicago’s City Council easily approved a budget plan Wednesday that includes a massive property tax hike and other fees to help close a shortfall and improve the city’s underfunded pension system, votes many aldermen called the most difficult of their political careers.
Mayor Rahm Emanuel proposed an incremental $543 million property tax increase for police and fire pensions, along with a separate $45 million property tax hike for school construction, a $9.50 monthly household garbage pickup charge and other fees. The former White House chief of staff said the measures were necessary to restore the financial health.
While much of the debate before Wednesday’s 36-14 vote on the $7.8 billion budget was supportive, many aldermen said the consideration of it and connected revenue measures was a last resort. Part of Emanuel’s plan to shield more vulnerable residents from the property tax increase needs state lawmaker approval.
“None of this is easy,” said South Side Alderwoman Carrie Austin who voted in favour…
Mayor Rahm Emanuel proposed an incremental $543 million property tax increase for police and fire pensions, along with a separate $45 million property tax hike for school construction, a $9.50 monthly household garbage pickup charge and other fees. The former White House chief of staff said the measures were necessary to restore the financial health.
While much of the debate before Wednesday’s 36-14 vote on the $7.8 billion budget was supportive, many aldermen said the consideration of it and connected revenue measures was a last resort. Part of Emanuel’s plan to shield more vulnerable residents from the property tax increase needs state lawmaker approval.
“None of this is easy,” said South Side Alderwoman Carrie Austin who voted in favour…
Bombardier’s shares got a lift Wednesday after a published report suggested the Quebec government will be making a financial contribution to the embattled transportation giant.
Barrick posts bigger loss as belt-tightening begins amid falling gold prices
– canadianbusiness.com
TORONTO – Barrick Gold Corp. (TSX:ABX) has reported a net loss for the third-quarter, the first since the company embarked on a transformation plan designed to make it into a leaner company amid the plummeting price of bullion.
The Toronto-based gold miner after markets closed Wednesday that it lost US$264 million, or 23 cents a share, in the quarter, compared with a profit of US$125 million, or 11 cents per share, in the same period last year.
Barrick, which reports in American dollars, said in its last quarterly report that it was slashing its dividend by 60 per cent and would put some of its mines up for sale as part of nearly $2 billion in cuts.
The company said in its latest report that it made an adjusted profit of $131 million in the quarter, down from $253 million in the third quarter of last year.
Barrick took a $455-million impairment change related to its Zaldivar mine, offset by a $52-million gain from the sale of its Cowal mine and 50 per cent of its interest in it Porgera project…
The Toronto-based gold miner after markets closed Wednesday that it lost US$264 million, or 23 cents a share, in the quarter, compared with a profit of US$125 million, or 11 cents per share, in the same period last year.
Barrick, which reports in American dollars, said in its last quarterly report that it was slashing its dividend by 60 per cent and would put some of its mines up for sale as part of nearly $2 billion in cuts.
The company said in its latest report that it made an adjusted profit of $131 million in the quarter, down from $253 million in the third quarter of last year.
Barrick took a $455-million impairment change related to its Zaldivar mine, offset by a $52-million gain from the sale of its Cowal mine and 50 per cent of its interest in it Porgera project…
Bombardier shares gained more than 11 per cent today as reports suggested the aerospace firm is about to announce an investment from the Quebec government that would provide a lifeline to its long-delayed CSeries jet program.
Plan a better retirement with this free app
– moneysense.ca
(Image Source/Getty Images)Without clear priorities, even the best-laid plans will fail—and well-known U.S. behavioural economist Shlomo Benartzi wants you to know that saving for retirement without thinking carefully about what you really want to accomplish is no different. So he’s developed a free seven-step web-based retirement planning tool to help people identify and prioritize what they value most and what they want in their golden years—even taking into account best- and worst-case scenarios. After realizing your true wants and needs you can then build a viable financial plan around these goals, says Benartzi.
The post Plan a better retirement with this free app appeared first on MoneySense.
