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Toronto real estate board calls on Ottawa to revisit mortgage stress test - 680 News Feb 6th
Toronto real estate board calls on Ottawa to revisit mortgage stress test 680 NewsToronto Real Estate Board urges OSFI to 'revisit' stress tests BNNBloomberg.caToronto home sales expected to rebound, but mortgage rules need review: TREB The Globe and MailToronto area.... More »
The best charities to donate to for impact in Canada for 2023 Nov 8th
“Return on investment.” It’s a phrase many Canadians are familiar with in terms of business decisions and investment portfolios. But it’s not necessarily top of mind when people choose a charity to donate to. And that’s understandable. Canadians support charities for a lot of different rea.... More »
Telus third-quarter profit slips despite revenue, subscriber growth + MORE Nov 4th
VANCOUVER – Telus Corp. (TSX:T) had a lower third-quarter profit despite higher revenue and continued subscriber growth, as expenses and accounting items took a bigger bite out of its earnings.
The Vancouver-based telecom company’s net income fell to $355 million from $365 million in the.... More »
Major tax bill passes in U.S.: big consequences, big debates ahead for Canada + MORE Dec 20th
WASHINGTON _ The United States Congress has adopted a major tax bill that has sweeping implications for the American economy, politics, national debt, and its neighbour, Canada.
The bill that just passed its final vote in the House of Representatives provides the biggest U.S. tax cuts in decades and.... More »
$70B Anglo-Teck merger faces Ottawa review, shareholders react positively + MORE Sep 10th
In what’s shaping up to be the world’s biggest mining deal of the past decade, Teck Resources Ltd. has agreed to a tie-up with London-headquartered Anglo American PLC to create a copper-focused giant worth about $70 billion.
The companies have proposed the deal as a “merger of equal.... More »
Light rail, longer monorail could make Las Vegas more mobile, cost $12 billion plus
– canadianbusiness.com
LAS VEGAS, Nev. – Those trademark Las Vegas lights may one day woosh by windows of a light rail train ferrying visitors from the airport to casino lobbies.
Local transportation leaders are floating a 30-year-plan that could cost more than $12 billion involving everything from wider sidewalks and more pedestrian bridges crisscrossing the Las Vegas Strip to extra monorail stops and planning for a light rail route linking the airport to downtown.
It’s Sin City’s gamble to keep travellers coming to its casinos and convention centres well into the future.
“We can continue to pursue the status quo, as we have historically,” states the Transportation Investment Business Plan from the Regional Transportation Commission of Southern Nevada. But that would mean severe consequences to the area’s tourist- driven economy that competes with destinations already connecting their airports and city centres with mass transit, it notes.
The plan was born from a single group of transit officials, tourism leaders, taxi owners, hoteliers — some of whom had never spoken before until the CEO of the Las Vegas Convention and Visitors Authority convened them two years ago, tasking them to leave self-interest aside…
Local transportation leaders are floating a 30-year-plan that could cost more than $12 billion involving everything from wider sidewalks and more pedestrian bridges crisscrossing the Las Vegas Strip to extra monorail stops and planning for a light rail route linking the airport to downtown.
It’s Sin City’s gamble to keep travellers coming to its casinos and convention centres well into the future.
“We can continue to pursue the status quo, as we have historically,” states the Transportation Investment Business Plan from the Regional Transportation Commission of Southern Nevada. But that would mean severe consequences to the area’s tourist- driven economy that competes with destinations already connecting their airports and city centres with mass transit, it notes.
The plan was born from a single group of transit officials, tourism leaders, taxi owners, hoteliers — some of whom had never spoken before until the CEO of the Las Vegas Convention and Visitors Authority convened them two years ago, tasking them to leave self-interest aside…
OTTAWA – Canada’s new infrastructure minister says projects that are shovel-ready and meet the Liberal government’s national objectives will get some of the billions in new federal cash being made available.
Infrastructure Minister Amarjeet Sohi says those big objectives are threefold: grow the economy, create jobs and make the country more sustainable.
Sohi says shovel ready projects mean a municipality has done all the relevant studies, public consultation and planning — to qualify for financial help from the federal government.
He accused the Harper Conservatives of announcing money for projects that weren’t ready to begin so they could reap some political capital.
“We want to create a process where I don’t go out and make announcements without even consulting with my departmental staff or getting their input or not even having an application in for that project,” Sohi said in an interview with The Canadian Press.
“We will develop some processes that bring in more accountability and also more transparency…
Infrastructure Minister Amarjeet Sohi says those big objectives are threefold: grow the economy, create jobs and make the country more sustainable.
Sohi says shovel ready projects mean a municipality has done all the relevant studies, public consultation and planning — to qualify for financial help from the federal government.
He accused the Harper Conservatives of announcing money for projects that weren’t ready to begin so they could reap some political capital.
“We want to create a process where I don’t go out and make announcements without even consulting with my departmental staff or getting their input or not even having an application in for that project,” Sohi said in an interview with The Canadian Press.
“We will develop some processes that bring in more accountability and also more transparency…
5 signs you’re a financial disaster
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Managing money is simple but it doesn’t mean it’s easy. I’ve been guilty of some of these things in the past. I wasn’t off the rails but close enough to take initiative to get my financial act together. Here are 5 signs you might be a financial disaster.
Managing money is simple but it doesn’t mean it’s easy. I’ve been guilty of some of these things in the past. I wasn’t off the rails but close enough to take initiative to get my financial act together. Here are 5 signs you might be a financial disaster.
You don’t have an emergency fund.
A fact of life is…life happens and bad things go with it. $hit breaks down. These realities often require us to fork over money. An emergency fund provides some piece of mind when you’re losing yours. I think if you don’t have a small emergency fund (whatever that amount might be for you) you’re running some financial risk.
You don’t budget – to some degree.
We don’t have a strict budget in our house but rather a bi-weekly forecast of expenses. You can see what I mean here. A budget helps you pay the bills, pay yourself, and keep some money left over to have some fun. All three of these things are good things in my book…
St. Lawrence Seaway hopes for smooth sailing after traffic falls 10 per cent
– canadianbusiness.com
MONTREAL – The St. Lawrence Seaway is expected to end the year with cargo traffic down almost 10 per cent, but the weather phenomenon known as El Nino and a strengthening economy are buoying hopes of a turnaround next year.
Terence Bowles, CEO of the St. Lawrence Seaway Management Corp., had anticipated growing global demand for this shipping season, but ultimately the key transportation corridor couldn’t sustain the big upswing since the 2008 financial crash.
“We were hoping this would just keep going,” he said in an interview. “But I think the economy has run into a bit of a rough patch and that was reflected in our numbers.”
Heavy ice caused another late start to the season, with the amount of grain, iron ore and coal shipped along the 3,700-kilometre waterway all down. Coal sustained the biggest drop, falling nearly 38 per cent.
Coal is under stress as Ontario and the United States continue to wean themselves off the fuel, Bowles said, adding that the export business to Europe has also dried up as low prices no longer make it economic to ship low sulphur coal from the U…
Terence Bowles, CEO of the St. Lawrence Seaway Management Corp., had anticipated growing global demand for this shipping season, but ultimately the key transportation corridor couldn’t sustain the big upswing since the 2008 financial crash.
“We were hoping this would just keep going,” he said in an interview. “But I think the economy has run into a bit of a rough patch and that was reflected in our numbers.”
Heavy ice caused another late start to the season, with the amount of grain, iron ore and coal shipped along the 3,700-kilometre waterway all down. Coal sustained the biggest drop, falling nearly 38 per cent.
Coal is under stress as Ontario and the United States continue to wean themselves off the fuel, Bowles said, adding that the export business to Europe has also dried up as low prices no longer make it economic to ship low sulphur coal from the U…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
StatCan: The federal agency is out with an array of data this week, including the monthly manufacturing survey for October on Tuesday, the international securities transactions for the same month on Wednesday and wholesale trade figures and the consumer price index on Friday. All the numbers help paint a picture of the state of Canada’s economy.
Bank of Canada: The central bank releases its latest financial system review on Tuesday in Ottawa, followed by a news conference by governor Stephen Poloz. The review highlights key financial vulnerabilities and potential triggers that threaten the stability of Canada’s financial system.
Valeant: The embattled Valeant Pharmaceuticals hosts an investor day on Wednesday in Montreal. A U.S. Senate committee on aging recently held the first of a series of hearings on rising drug costs that focused on the practices of companies like Valeant Pharmaceuticals and the U.S.-based Turing Pharmaceuticals…
StatCan: The federal agency is out with an array of data this week, including the monthly manufacturing survey for October on Tuesday, the international securities transactions for the same month on Wednesday and wholesale trade figures and the consumer price index on Friday. All the numbers help paint a picture of the state of Canada’s economy.
Bank of Canada: The central bank releases its latest financial system review on Tuesday in Ottawa, followed by a news conference by governor Stephen Poloz. The review highlights key financial vulnerabilities and potential triggers that threaten the stability of Canada’s financial system.
Valeant: The embattled Valeant Pharmaceuticals hosts an investor day on Wednesday in Montreal. A U.S. Senate committee on aging recently held the first of a series of hearings on rising drug costs that focused on the practices of companies like Valeant Pharmaceuticals and the U.S.-based Turing Pharmaceuticals…
