Valeant shares sink anew on report it may restate earnings + MORE Feb 23rd

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Shares of Valeant Pharmaceuticals plunged further in after-hours trading on Monday after the Wall Street Journal reported that the drugmaker may restate earnings after an internal review.

Continue Reading On cbc.ca »

Move likely concerns sales of its drugs to specialty pharmacy Philidor Rx Services

Continue Reading On theglobeandmail.com »

Learn, save, invest and prosper with My Own Advisor.
With “RRSP season” now in full swing I thought I would remind you about some RRSP facts, why the RRSP is a powerful savings vehicle, why you might want to take advantage of it (or not), what to avoid when it comes to this account, and share what our longer term game plan for this account is.
First up, RRSP facts this year

The RRSP contribution deadline for the 2015 tax year is coming up – February 29th.
Contributions to an RRSP are tax deductible, so you can use these tax deductions to reduce your taxable income.
There is no minimum age requirement to have an RRSP; a minor can set one up thanks to their parent or legal guardian.
Contribution limits are based on the contributor’s earned income and can be found on his/her tax notice of assessment. The contribution room to this account is based on 18% of your earned income from the previous year up to a maximum of $24,930 for the 2015 tax year. (That’s a good chunk of change to sock away for your financial future)…

Continue Reading On myownadvisor.ca »

NEW YORK, N.Y. – Argentina has reached a settlement with several bondholders for $250 million and 185 million euros, a court-appointed mediator said Monday as the country continues work toward ending a debt crisis that has damaged its ability to manoeuvr financially abroad.
The latest deals boost to more than $1.5 billion the amount Argentina has committed in deals since President Mauricio Macri took office on Dec. 10.
Court-appointed mediator Daniel Pollack has announced a string of agreements over several weeks after Argentina announced it expected to pay about $6.5 billion to settle claims of about $10 billion by bondholders, including U.S. hedge funds.
The latest settlements involve bondholders including Lightwater Corp, Old Castle Holdings, VR Capital, Procella Holdings and Capital Ventures International, Pollack said.
The bondholders refused to swap their bonds at a steep discount when Argentina offered swaps in 2005 and 2010 to ease its financial crisis after it defaulted on $100 billion in bonds in 2001…

Continue Reading On canadianbusiness.com »

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