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How to make sure you have enough money to fund your RRIF withdrawals + MORE Apr 16th
After decades of using registered retirement savings plans (RRSPs) to reduce taxable income, it can come as a shock to discover the shoe will one day be on the other foot. At the end of the year you turn 71, you have to either cash out your RRSP (not recommended), annuitize it or convert it into a R.... More »
Business Highlights + MORE Oct 24th
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Markets back in positive territory after summer swoon
NEW YORK (AP) — Maybe you shouldn’t have put your money under a mattress after all.
The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they had.... More »
Federal fraud sentencing drags on for former NBA player, UConn star Tate George + MORE Dec 30th
TRENTON, N.J. – Another day passed Tuesday without a sentence in the fraud case of a former NBA player convicted of running a real estate Ponzi scheme.
Former University of Connecticut and New Jersey Nets guard Tate George appeared in federal court in Trenton on Tuesday for the continuation of.... More »
Authorities close German unit of Canada’s Maple Financial + MORE Feb 7th
BERLIN – German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering.
Maple Bank, based in Frankfurt, Germany, is part of Canada’s Maple Financial Group.
The Federal Financial Supervisory Authori.... More »
Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
Trump administration sets meetings with oil companies over Venezuela, source says ReutersOpinion: Guns and oil: Trump’s global power with Venezuela’s reserves at his side will be formidable The Globe and MailTrump’s plan to seize and revitalize Venezuela’s oil industry .... More »
Canadian home sales posted a small month-over-month increase in September and the national average sale price rose but the number of new listings declined, according to the Canadian Real Estate Association.
Twitter, the social media firm that is planning to go public this fall, has decided to list its shares on the New York Stock Exchange.
Twitter’s losses mount ahead of IPO despite doubling revenue
– canadianbusiness.com
NEW YORK, N.Y. – Twitter’s losses are mounting as the online messaging service prepares to make its stock market debut.
A regulatory filing Tuesday disclosed the San Francisco company lost nearly $65 million during the three months ending in September.
That’s the largest quarterly setback that Twitter has suffered during the past three years. Twitter lost about $22 million at the same time last year.
In a development likely to hearten prospective investors, Twitter’s revenue more than doubled from last year to nearly $169 million.
But the company’s rising losses could dampen some of the enthusiasm for Twitter’s initial public offering. The IPO is expected to be completed next month, though the company hasn’t set a target date.
Twitter ended September with 232 million active users, up from 218 million in June.
The post Twitter’s losses mount ahead of IPO despite doubling revenue appeared first on Canadian Business.
A regulatory filing Tuesday disclosed the San Francisco company lost nearly $65 million during the three months ending in September.
That’s the largest quarterly setback that Twitter has suffered during the past three years. Twitter lost about $22 million at the same time last year.
In a development likely to hearten prospective investors, Twitter’s revenue more than doubled from last year to nearly $169 million.
But the company’s rising losses could dampen some of the enthusiasm for Twitter’s initial public offering. The IPO is expected to be completed next month, though the company hasn’t set a target date.
Twitter ended September with 232 million active users, up from 218 million in June.
The post Twitter’s losses mount ahead of IPO despite doubling revenue appeared first on Canadian Business.
A class action lawsuit against BlackBerry Ltd. is demanding financial compensation on behalf of Canadian shareholders who bought stock between September 2012 and September 2013, saying the company did not declare the full extent of its financial difficulty to retail investors.
American Express expected to post improved 3rd-qtr earnings, revenue
– canadianbusiness.com
LOS ANGELES, Calif. – American Express Co.’s latest quarterly report may give investors insight on how consumers’ spending and debt-management trends are faring heading into the December holiday shopping season. The credit card company is expected to report improved earnings and revenue for the third quarter after the stock markets close on Wednesday.
WHAT TO WATCH FOR: How cardholders’ spending and payment trends fared during the quarter, as well as an update on the company’s plans to form a joint venture to operate its global business travel division.
American Express cardholders tend to be more affluent than other credit card users, which is one reason the company has done well as the nation’s economy has gradually improved since the recession.
The U.S. economy improved steadily, if sluggishly this year in advance of the partial government shutdown.
Between January and August, the most recent figures available, the economy added an average of 180,250 jobs a month…
WHAT TO WATCH FOR: How cardholders’ spending and payment trends fared during the quarter, as well as an update on the company’s plans to form a joint venture to operate its global business travel division.
American Express cardholders tend to be more affluent than other credit card users, which is one reason the company has done well as the nation’s economy has gradually improved since the recession.
The U.S. economy improved steadily, if sluggishly this year in advance of the partial government shutdown.
Between January and August, the most recent figures available, the economy added an average of 180,250 jobs a month…
