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Bombardier acquires Global 7500 business jet wing program from Triumph Group - BNNBloomberg.ca + MORE Jan 24th
Bombardier acquires Global 7500 business jet wing program from Triumph Group BNNBloomberg.caMONTREAL -- Bombardier Inc. (BBDb.TO) has signed a deal to acquire the Global 7500 wing manufacturing operations and assets from Triumph Group Inc., ...View full coverage on Google News.... More »
Canada’s Best Dividend Stocks 2022 + MORE Jan 26th
Overview
Top 100 Dividend Stocks
Past Performance
Methodology
Looking at the returns some investors seem to be enjoying .... More »
Websites share Toronto home data after court rules sale prices can't be kept secret + MORE Dec 6th
Some websites already have selling prices posted for Toronto homes after a legal ruling saying the Toronto Real Estate Board has no right to keep sold prices secret. But real estate agencies are being cautious..... More »
Canada’s Best Dividend Stocks 2021 + MORE Jan 22nd
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Gold assets top 2,000 tons as the clamour for havens grows louder + MORE Jul 7th
Prices continue their ascent as miners rally
.... More »
Business Highlights
– canadianbusiness.com
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China assures US no devaluation, pushing reforms forward
BEIJING (AP) — China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday that his government is pressing ahead with painful reforms to shrink bloated coal and steel industries and ruled out devaluing China’s currency.
Premier Li Keqiang’s comments were in line with a joint declaration by financial officials from the Group of 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
Beijing is under pressure to reassure global financial markets it has its economy under control following stock and currency turmoil.
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Late selling leaves stocks down for third straight month
NEW YORK (AP) — Late-day selling pushed U.S. stocks to a loss for the day and erased nearly all of the market’s gains for the month.
Nine of the 10 market sectors fell Monday — only utilities managed a slight gain — as investors lost enthusiasm for stocks after two straight weekly gains…
China assures US no devaluation, pushing reforms forward
BEIJING (AP) — China’s premier told visiting U.S. Treasury Secretary Jacob Lew on Monday that his government is pressing ahead with painful reforms to shrink bloated coal and steel industries and ruled out devaluing China’s currency.
Premier Li Keqiang’s comments were in line with a joint declaration by financial officials from the Group of 20 biggest rich and developing economies who met over the weekend in Shanghai. They pledged to avoid devaluations to boost sagging trade and urged governments to speed up reforms to boost slowing global growth.
Beijing is under pressure to reassure global financial markets it has its economy under control following stock and currency turmoil.
___
Late selling leaves stocks down for third straight month
NEW YORK (AP) — Late-day selling pushed U.S. stocks to a loss for the day and erased nearly all of the market’s gains for the month.
Nine of the 10 market sectors fell Monday — only utilities managed a slight gain — as investors lost enthusiasm for stocks after two straight weekly gains…
How to leave more assets to your heirs
– moneysense.ca
Q: I’d like to give my children about $100,000 as a cash gift to get it out of my estate and away from the tax man. Is it possible?
—B & R, Kelowna, B.C.
A: Cash is king when it comes to passing a gift to your kids. “There will be no tax payable on the gift by either the donor or donee as Canada doesn’t have gift or estate tax,” says Grace Chow, a tax specialist at Cadesky and Associates in Toronto. However, if the gift is in the form of an asset, like a cottage, the asset will be deemed to be disposed at fair market value and you will owe tax on 50% of the appreciable gains. I wouldn’t call it a tax grab, but I think you might.
The post How to leave more assets to your heirs appeared first on MoneySense.
—B & R, Kelowna, B.C.
A: Cash is king when it comes to passing a gift to your kids. “There will be no tax payable on the gift by either the donor or donee as Canada doesn’t have gift or estate tax,” says Grace Chow, a tax specialist at Cadesky and Associates in Toronto. However, if the gift is in the form of an asset, like a cottage, the asset will be deemed to be disposed at fair market value and you will owe tax on 50% of the appreciable gains. I wouldn’t call it a tax grab, but I think you might.
The post How to leave more assets to your heirs appeared first on MoneySense.
MBIA posts 4Q profit
– canadianbusiness.com
PURCHASE, N.Y. (AP) _ MBIA Inc. (MBI) on Monday reported fourth-quarter profit of $82 million.
The Purchase, New York-based company said it had net income of 54 cents per share. Earnings, adjusted for non-recurring gains, came to 6 cents per share.
The insurance and reinsurance company posted revenue of $297 million in the period.
For the year, the company reported profit of $180 million, or $1.06 per share. Revenue was reported as $853 million.
MBIA shares have increased nearly 6 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, a decline of 24 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at http://www.zacks.com/ap/MBI
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Keywords: MBIA, Earnings Report
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The post MBIA posts 4Q profit appeared first on Canadian Business – Your Source For Business News.
The Purchase, New York-based company said it had net income of 54 cents per share. Earnings, adjusted for non-recurring gains, came to 6 cents per share.
The insurance and reinsurance company posted revenue of $297 million in the period.
For the year, the company reported profit of $180 million, or $1.06 per share. Revenue was reported as $853 million.
MBIA shares have increased nearly 6 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.86, a decline of 24 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBI at http://www.zacks.com/ap/MBI
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Keywords: MBIA, Earnings Report
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The post MBIA posts 4Q profit appeared first on Canadian Business – Your Source For Business News.
How to get millennials to start saving for retirement
– moneysense.ca
Irvin Ho, a 25-year-old business grad from Simon Fraser University, only recently started thinking about his financial goals. Two years ago, he put $10,000 in savings into a self-directed portfolio invested in index funds. Warming to the pastime, Ho, along with two friends, launched a website called Young Guys Finance that introduces the basic concepts of investing to their contemporaries via online video courses and boot camps at their alma mater.
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
Ho admits his own portfolio’s performance is “not so good right now.” But he’s convinced of the value of do-it-yourself investing and wants to help others do it too. “I tell myself, You don’t have to look at it every day. You’re doing it for the long run, so stop looking at it!”
Within his generation, Ho is something of an exception. Millennials have not-so-quietly become the largest cohort in the Canadian workforce, but for many of those born in the 1980s and ’90s, the cut-off to contribute to one’s RRSP passes at the end of February without much fanfare…
CBC.caCanada-EU amend controversial investment protection clause in CETA dealCBC.caThe Canadian government has made some amendments to the controversial investment protection clause in the Canada-EU trade deal, says International Trade Minister Chrystia Freeland. Freeland provided an update on the Canada-EU Comprehensive …and more »
