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The wealth gap in Canada is wider than ever + MORE Jul 24th
The wealth gap in Canada has reached a record high of 49% in 2025, according to newly released data from Statistics Canada. That’s the highest it’s been since the agency began collecting this data in 1999. Now, Canadian households in the top 20% of the income distribution own more than two-third.... More »
Cut tax while cashing in a whole life policy + MORE Apr 21st
Q: My question is about whole life insurance. My wife and I both have policies. her cash surrender value with paid up additions is around $200,000. My policy is about $190,000. We have no children. We both have pension plans and comfortable assets. We are looking at surrendering one if not both in.... More »
Canada needs to do more to protect data from U.S. in NAFTA talks: industry + MORE Sep 29th
OTTAWA _ Concern is growing that federal negotiators aren’t doing enough to protect the personal information of Canadians from prying U.S. interests at the North American Free Trade Agreement negotiations.
Information technology companies and other digital economy insiders say federal negotiat.... More »
Should you buy back pension service from your employer? Jun 19th
While defined benefit (DB) pensions are the Cadillac of retirement plans, they also entail a unique set of decisions. Buybacks are one of them.
There are a few ways to build up the value of your DB pension: by working to accumulate years of “pensionable service,” of course; by transferring servi.... More »
The top crypto platforms and apps in Canada 2022 + MORE Jul 19th
If you’re thinking about investing in cryptocurrencies such as bitcoin, ethereum or cardano, choosing a crypto trading platform will likely be one of the first steps. Canada has several home-grown platforms that cater to beginner investors and experienced traders alike. At first glance, they might.... More »
Municipal-bond week in review: Yields dip after Fed meeting
– canadianbusiness.com
NEW YORK, N.Y. – Municipal bond yields dipped following the Federal Reserve’s policy meeting on Wednesday, recovering slightly by the end of the week.
Muni yields generally follow the direction of Treasury yields, and they dropped after the Fed left interest rates unchanged. On Friday, the yield on the 10-year Treasury remained close to its two-week low, as traders bet on a gradual approach in increasing rates.
The 10-year yield on the AP Municipal Bond Index was 1.863 per cent as of 5 p.m. Eastern time on Friday, down a notch from last week’s close of 1.876 per cent, and further off its high of 1.886 per cent earlier in the week. The 10-year yield has stayed fairly consistent since early September, significantly above its August range of 1.725 per cent to 1.75 per cent. The 30-year yield rose to 2.460 per cent from 2.435 per cent.
The largest municipal-bond exchange-traded fund by assets was nearly flat last week, returning less than 0.1 per cent.
Long term bond prices are more sensitive to increases in interest rates and therefore riskier for investors to hold…
Muni yields generally follow the direction of Treasury yields, and they dropped after the Fed left interest rates unchanged. On Friday, the yield on the 10-year Treasury remained close to its two-week low, as traders bet on a gradual approach in increasing rates.
The 10-year yield on the AP Municipal Bond Index was 1.863 per cent as of 5 p.m. Eastern time on Friday, down a notch from last week’s close of 1.876 per cent, and further off its high of 1.886 per cent earlier in the week. The 10-year yield has stayed fairly consistent since early September, significantly above its August range of 1.725 per cent to 1.75 per cent. The 30-year yield rose to 2.460 per cent from 2.435 per cent.
The largest municipal-bond exchange-traded fund by assets was nearly flat last week, returning less than 0.1 per cent.
Long term bond prices are more sensitive to increases in interest rates and therefore riskier for investors to hold…
Clothing executive’s stock bets fuelled Amaya securities probe
– theglobeandmail.com
The chief financial officer of Point Zero is alleged to have received insider information and is a ‘small fish’ in the investigation
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,697.93, down 99.25 points):
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 23 cents, or 4.32 per cent, to $5.09 on 8.5-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 46 cents, or 3.69 per cent, to $11.99 on 8.2-million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.84 per cent, to $1.60 on 7.3-million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 10 cents, or 2.54 per cent, to $3.84 on 7.3-million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.68, or 7.54 per cent, to $23.95 on 6.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 21 cents, or 3.43 per cent, to $5.91 on 5.1-million shares.
Companies reporting major news:
Brookfield Infrastructure Partners L.P. (TSX:BIP.UN). Utilities. Up $1.04, or 2.34 per cent, to $45.52 on 209,054 shares. A consortium led by Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petroleo Brasileiro S…
Toronto Stock Exchange (14,697.93, down 99.25 points):
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 23 cents, or 4.32 per cent, to $5.09 on 8.5-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 46 cents, or 3.69 per cent, to $11.99 on 8.2-million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down three cents, or 1.84 per cent, to $1.60 on 7.3-million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 10 cents, or 2.54 per cent, to $3.84 on 7.3-million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.68, or 7.54 per cent, to $23.95 on 6.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 21 cents, or 3.43 per cent, to $5.91 on 5.1-million shares.
Companies reporting major news:
Brookfield Infrastructure Partners L.P. (TSX:BIP.UN). Utilities. Up $1.04, or 2.34 per cent, to $45.52 on 209,054 shares. A consortium led by Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petroleo Brasileiro S…
A loophole to avoid paying capital gains tax?
– moneysense.ca
Q: I have been holding some publicly listed stocks (for the sake of simplicity let’s say they are all listed on the TSX) which I purchased a long time ago while I was both a resident and citizen of Canada. These securities are held in a non-registered investment account with a Canadian brokerage. In 2017, I am tentatively planning to spend most of the year (8 or more months) abroad and will be deemed a non-resident of Canada. I will be country hopping and will technically not be a resident of any country (much less one that has a tax treaty with Canada). I am single and do not own any property in Canada (eg. no significant ties in Canada). I am wondering if I can take advantage of being a non-resident and sell all my equities in 2017 to avoid capital gains taxes? The CRA website suggests only capital gains on eligible property is taxed if you are a non-resident. It seems rather clear cut, but I did purchase these securities while I was a resident and citizen for taxation purposes…
Can I use the HBP a second time?
– moneysense.ca
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Q: I bought my house in 2010 using the Home Buyers’ Plan (HBP) and my spousal RRSP account. In 2012, I sold the home. Now, I’m planning on buying another home (in 2016). Am I qualified to use my RRSP through the HBP again?
— Using HBP a second time, Edmonton, Alta.
A: The guidelines for the Home Buyers’ Plan state that you need to be considered a first-time buyer and that means that for the four-year period prior to a home purchase you did not own or occupy a home that you or your current spouse or common-law partner owns.
Given this criteria, you may be eligible to use the HBP again, but it would depend on when in 2012 you sold and when in 2016 you purchase. That’s because the four-year period is very specific—and tends to work out to more of a five-year lapse in homeownership…
