The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Making the most of the pension tax credit Nov 28th
Ask MoneySense
I liked your coverage of RRIF taxation. I would like to see more information on LIF taxation. More precisely, on the following scenario: Individuals do not get the $2,000 tax credit for RRIF withdrawals before age 65. Did I read properly that for LIF withdrawals the $2,000 tax cr.... More »
Investing In Real Estate: Capital Gains Tax + MORE Feb 23rd
A lot of people’s savings are from the money they earn in their trades. The majority of the people are unaware about investing and its benefits. The money placed in a thoughtful investment can grow faster than the money stored in the bank. Investments also affect the economy of the country. Wh.... More »
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Why everyone feels like they’re in the middle class + MORE Jun 17th
Aerial view over the Montreal suburb and middle class homes. (FOTOimage/Getty Images)
Most Canadians think of themselves as middle class. In fact, the term is so elastic that politicians know they have just about everybody’s ear when they talk about “middle class” goals and aspirations. W.... More »
Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations
– canadianbusiness.com
TORONTO – TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Thursday reported first-quarter earnings of $27.8 million.
On a per-share basis, the Toronto-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The gold mining company posted revenue of $490.5 million in the period.
Agnico shares have climbed 64 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.23, a climb of 35 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 AEM at http://www.zacks.com/ap/AEM
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Keywords: Agnico Eagle Mines, Earnings Report
The post Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Toronto-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The gold mining company posted revenue of $490.5 million in the period.
Agnico shares have climbed 64 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.23, a climb of 35 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at http://www.zacks.com/ap/AEM
_____
Keywords: Agnico Eagle Mines, Earnings Report
The post Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations appeared first on Canadian Business – Your Source For Business News.
The Canadian dollar neared 80 cents on Thursday, while stock markets in New York finished solidly in the red.
Mercer International posts first-quarter profit of $8.8 million
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Mercer International Inc. (MERC) on Thursday reported first-quarter net income of $8.8 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 14 cents.
The pulp company posted revenue of $253.8 million in the period.
Mercer International shares have climbed nearly 6 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a fall of 34 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MERC at http://www.zacks.com/ap/MERC
_____
Keywords: Mercer International, Earnings Report
The post Mercer International posts first-quarter profit of $8.8 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 14 cents.
The pulp company posted revenue of $253.8 million in the period.
Mercer International shares have climbed nearly 6 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a fall of 34 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MERC at http://www.zacks.com/ap/MERC
_____
Keywords: Mercer International, Earnings Report
The post Mercer International posts first-quarter profit of $8.8 million appeared first on Canadian Business – Your Source For Business News.
A ‘fear’ barometer for dividend investors
– theglobeandmail.com
The MOVE index, which measures expected fixed-income volatility, can be remarkably helpful for Canadians invested in dividend-related stocks
Recovering from bad Home Buyers’ Plan advice
– moneysense.ca
Q: I am totally disappointed with my investment advisor’s advice in terms of tax issues. Four years ago, I contributed to my wife’s spousal RRSP for $25,000 in order to borrow under the Home Buyers’ Plan (HBP). Now we need to repay the HBP for $1,666. By accident, I was guided to contribute to the spousal RRSP account and told I could designate $1,666 as HBP repayment. However, a tax software doesn’t allow me to designate my spousal contribution as my wife’s HBP repayment.I found not paying back the HBP repayment would generate a larger refund by using the software to compare two options of dealing with the $1,666. The first option was to pretend my wife put $1,666 in her RRSP and paid back the HBP repayment directly; the other one was to use the $1,666 RRSP to deduct from my income. Because I had full-time salary and my wife almost had no income in 2015, the second option from the tax software calculated a bigger refund for us, which I think makes sense in our situation…
