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Latest News
Loblaw rides long-term discount trend to stronger Q2 results + MORE Jul 25th
A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company’s CEO says will remain for the long term.
“Our hard discount stores: They’re doing well and they’re stil.... More »
Valeant shares sink anew on report it may restate earnings + MORE Feb 23rd
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..... More »
All eyes on Toronto real estate sales in wake of Vancouver foreign buyer tax + MORE Sep 7th
TORONTO – The latest batch of home sales figures from Canada’s largest city could reveal whether or not Vancouver’s newly implemented tax on foreign buyers is sending investors flocking to Toronto.
The Toronto Real Estate Board is expected to release sales data today for the month .... More »
Foreign investing in Montreal real estate is small: CMHC + MORE Jul 13th
A report by the Canada Mortgage and Housing Corp. says the number of foreign investors in the Montreal area real estate market is small and concentrated in condominiums in the city’s downtown core.
The report by the federal agency found that 1.3% of condominiums in the greater Montreal area were o.... More »
Canada’s Artisan Candy Companies Will Satisfy Your Sweet Tooth Nov 3rd
Candy is big business. Confectionery companies with operations in Canada are projected to earn nearly US$16 billion in revenue by the end of 2022, and the market is expected to grow by more than 30 per cent in the next five years. Big Sugar dominates (Nestlé, PepsiCo and Mondelez are among the top .... More »
UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent
– canadianbusiness.com
LONDON – Britain’s government has cut its stake in Lloyds Banking Group by another 1 per cent, recouping about 500 million pounds ($768 million) for taxpayers who rescued the bank at the height of the financial crisis.
Chancellor George Osborne announced the sale Monday, updating plans for reducing the government’s stake that were announced in December. The Treasury has reduced its stake to 24 per cent from 40 per cent, raising just under 8 billion pounds. The Treasury says all of the shares were sold for more than the 73.6 pence a share paid to acquire the stake.
Osborne says the sale shows “further progress in returning Lloyds Banking Group to private ownership” and getting taxpayers’ money back.
The plan is scheduled to end no later than June 30.
The post UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent appeared first on Canadian Business.
Chancellor George Osborne announced the sale Monday, updating plans for reducing the government’s stake that were announced in December. The Treasury has reduced its stake to 24 per cent from 40 per cent, raising just under 8 billion pounds. The Treasury says all of the shares were sold for more than the 73.6 pence a share paid to acquire the stake.
Osborne says the sale shows “further progress in returning Lloyds Banking Group to private ownership” and getting taxpayers’ money back.
The plan is scheduled to end no later than June 30.
The post UK government cuts its stake in Lloyds by another 1 per cent, reducing its stake to 24 per cent appeared first on Canadian Business.
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
World shares mostly gain after Greek bailout deal eases fears over possible exit from eurozone
– canadianbusiness.com
TOKYO – World stock markets extended gains Monday after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal.
KEEPING SCORE: France’s CAC 40 rose 0.5 per cent to 4,855.58 and Germany’s DAX gained 0.7 per cent to 11,122.01. Britain’s FTSE 100 was flat at 6,915.09. Wall Street looked set for a slower start after Friday’s rally to another record high. Dow and S&P 500 futures were both 0.2 per cent lower.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do. Greece’s new government has been agitating for more generous term for its international bailout after several years of punishing austerity…
KEEPING SCORE: France’s CAC 40 rose 0.5 per cent to 4,855.58 and Germany’s DAX gained 0.7 per cent to 11,122.01. Britain’s FTSE 100 was flat at 6,915.09. Wall Street looked set for a slower start after Friday’s rally to another record high. Dow and S&P 500 futures were both 0.2 per cent lower.
GREECE’S DEAL: The four month extension averted bankruptcy and capital controls and ensures banks will have enough money to stock up their ATMs. But the Greek government must present economic reform measures by Monday that are deemed acceptable by creditors and rooted in Greece’s previously enacted bailout agreement, which is something the government had promised not to do. Greece’s new government has been agitating for more generous term for its international bailout after several years of punishing austerity…
The RRSP is a powerful savings vehicle
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take advantage of it, and share what our longer term game plan for this account is.
RRSP Facts
The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014). However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. So, your RRSP contribution limit for 2014 may be more than $24,270.
The RRSP contribution deadline for the 2014 tax year is…drumroll please….March 02, 2015.
RRSP Power
With “RRSP season” in full swing I thought I would remind you why the RRSP is a powerful savings vehicle, why you might want to take advantage of it, and share what our longer term game plan for this account is.
RRSP Facts
The maximum RRSP contribution limit for 2014 is $24,270 (comparing to the last year, 2013, $450 of RRSP limit has been increased for the year 2014). However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. So, your RRSP contribution limit for 2014 may be more than $24,270.
The RRSP contribution deadline for the 2014 tax year is…drumroll please….March 02, 2015.
RRSP Power
A Registered Retirement Savings Plan (RRSP) is a savings and investment account that has special tax advantages.
Inside an RRSP you can hold a variety of investments including Guaranteed Investment Certificates (GICs), mutual funds, Exchange Traded Funds (ETFs), bonds and other securities…
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
