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Investment firms fear tech companies getting into their business Dec 16th
What if Amazon distributed financial products or offered its own advice? What if Google bought its own money manager?.... More »
Moving to the U.S.? Don’t rush to convert your Canadian portfolio Jun 29th
For many Canadians relocating to the United States, one of the first financial questions that surfaces is whether they should convert their Canadian investments into U.S. dollars. The answer is usually no, and acting too quickly can cost you more than you might expect.
The instinct to “go A.... More »
The first $100,000 is the hardest to save for newcomers Nov 26th
Immigration has become a contentious political issue in both the United States and Canada in recent years. A big reason is the perception that newcomers to these countries are competing for jobs and driving up the cost of housing. The re-election of Donald J. Trump is almost certain to make this an .... More »
TSX hits record high, now within striking distance of 17,000 points as oil rally continues - CBC News Sep 20th
TSX hits record high, now within striking distance of 17,000 points as oil rally continues CBC NewsThe Stock Market Is at a Record High: Is it Time to Get out? The Motley Fool CanadaMarkets in record territory - Business News Castanet.netView full coverage on Google .... More »
Quebec transport minister resigns amid scandal over sale of hardware chain + MORE Aug 19th
QUEBEC – Quebec Transport Minister Jacques Daoust quit politics on Friday just hours after Premier Philippe Couillard indicated he no longer had full confidence in the minister.
Daoust, 68, had faced mounting criticism in recent months over his alleged role in authorizing the sale of a Quebec .... More »
OTTAWA — A briefing book prepared last fall for incoming Finance Minister Bill Morneau warns that Canada’s spending on public pensions is dramatically lower than many other rich countries — even though private-sector pension coverage has deteriorated.
The document, obtained by The Canadian Press, said that between 1991 and 2013, private-sector pension coverage fell from 31 per cent to 24 per cent.
But at the same time, the document suggests the federal government is not picking up the slack.
Canada spends “significantly” less on publicly funded pension support — through programs such as the CPP/Quebec Pension Plan, Old Age Security and the Guaranteed Income Supplement — than other OECD countries, the briefing states.
A chart in the briefing binder projected Canada to rank No. 17 out of 20 countries in 2015 for public pension spending as a percentage of gross domestic product, with just over five per cent. It said the average OECD spending was projected to be 9…
The document, obtained by The Canadian Press, said that between 1991 and 2013, private-sector pension coverage fell from 31 per cent to 24 per cent.
But at the same time, the document suggests the federal government is not picking up the slack.
Canada spends “significantly” less on publicly funded pension support — through programs such as the CPP/Quebec Pension Plan, Old Age Security and the Guaranteed Income Supplement — than other OECD countries, the briefing states.
A chart in the briefing binder projected Canada to rank No. 17 out of 20 countries in 2015 for public pension spending as a percentage of gross domestic product, with just over five per cent. It said the average OECD spending was projected to be 9…
Viacom expects weak 3Q but chance of CEO change buoys shares
– canadianbusiness.com
NEW YORK, N.Y. – Viacom is projecting poor results for its quarter ending this month, but company shares are still rising following moves that pushed CEO Philippe Dauman closer to the exit.
The company said Friday that expects earnings of $1 to $1.05 per share, below the $1.38 per share expected by analysts polled by S&P Capital IQ. It’s blaming the weak performance of its movie “Teenage Mutant Ninja Turtles: Out of the Shadows” as well as a delay in closing a streaming video deal.
Viacom says the “recent and highly public governance controversy” impaired its ability to cut a good deal.
The earnings preview came a day after Sumner Redstone’s National Amusements, Viacom’s controlling shareholder, moved to oust Dauman and four other directors from the board.
The post Viacom expects weak 3Q but chance of CEO change buoys shares appeared first on Canadian Business – Your Source For Business News.
The company said Friday that expects earnings of $1 to $1.05 per share, below the $1.38 per share expected by analysts polled by S&P Capital IQ. It’s blaming the weak performance of its movie “Teenage Mutant Ninja Turtles: Out of the Shadows” as well as a delay in closing a streaming video deal.
Viacom says the “recent and highly public governance controversy” impaired its ability to cut a good deal.
The earnings preview came a day after Sumner Redstone’s National Amusements, Viacom’s controlling shareholder, moved to oust Dauman and four other directors from the board.
The post Viacom expects weak 3Q but chance of CEO change buoys shares appeared first on Canadian Business – Your Source For Business News.
Markets Right Now: US stocks open slightly lower
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
9:35 a.m.
Stocks are opening slightly lower on Wall Street, with the biggest losses coming in technology and health care companies.
Apple fell 1.6 per cent and drugmaker Merck lost 1.3 per cent shortly after the opening bell on Friday.
The price of oil turned higher, helping lift energy stocks. U.S. crude gained 2 per cent to $47 a barrel in New York.
The Dow Jones industrial average gave up 46 points, or 0.3 per cent, to 17,698. The Standard & Poor’s 500 index fell 6 points, or 0.3 per cent, to 2,071. The Nasdaq composite dropped 27 points, or 0.6 per cent, to 4,817.
Bond prices fell slightly. The yield on the 10-year Treasury note rose to 1.59 per cent.
The post Markets Right Now: US stocks open slightly lower appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
Stocks are opening slightly lower on Wall Street, with the biggest losses coming in technology and health care companies.
Apple fell 1.6 per cent and drugmaker Merck lost 1.3 per cent shortly after the opening bell on Friday.
The price of oil turned higher, helping lift energy stocks. U.S. crude gained 2 per cent to $47 a barrel in New York.
The Dow Jones industrial average gave up 46 points, or 0.3 per cent, to 17,698. The Standard & Poor’s 500 index fell 6 points, or 0.3 per cent, to 2,071. The Nasdaq composite dropped 27 points, or 0.6 per cent, to 4,817.
Bond prices fell slightly. The yield on the 10-year Treasury note rose to 1.59 per cent.
The post Markets Right Now: US stocks open slightly lower appeared first on Canadian Business – Your Source For Business News.
Who’s the king of the castle?
– moneysense.ca
Look out the back window: Whose toys are bigger, yours or the children’s? The popularity of outdoor entertainment spaces—all those kitchens, cabanas and water features—have served to transform the spaces behind our homes. What was once practically a zone of negative space (albeit one that might include a pool) has become almost another room in the home, even in wintry Canada.But there’s good reason to let the kids have some space of their own. Back in the mid-2000s, journalist Richard Louv coined the phrase “nature deficit disorder” to describe kids’ alienation from the outdoor world and its impact on their health and development. An investment in outdoor activity is an investment in their well-being. And it’s not necessarily difficult or even expensive to build a fantastically fun backyard for kids. Here’s how to plan an outdoor oasis your kids will love.
Consult the kids. An age-appropriate planning meeting will help stoke their interest, and if you involve them in planning and assembling their dream backyard you might even hold off some of the impatient “is-it-done-yet?” whining…
Toronto stock market, Canadian dollar show gains early Friday
– canadianbusiness.com
TORONTO – The Toronto Stock Exchange and Canadian dollar were bright spots this morning as U.S. markets declined.
The S&P/TSX composite index was up a modest 25.21 points at 13,907.62 after 90 minutes of trading
In New York, the major indexes were in the red. The Dow Jones industrial average was down 86.73 points at 17,646.37, the S&P 500 composite index retreated 10.54 points to 2,067.45 and the Nasdaq composite fell 42.73 points to 4,802.18.
The Canadian dollar was at 77.62 cents US, up 0.47 from the Thursday close at 77.15 cents US.
August crude contracts advanced $1.38 to $48.12 per barrel while their July counterparts were up $1.31 at US$47.52 per barrel on lower volume.
July natural gas rose nearly four cents to just under $2.62 per mmBTU, July copper rose nearly a cent to $2.055 per pound and August gold fell $9.40 to $1,289.00.
The post Toronto stock market, Canadian dollar show gains early Friday appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index was up a modest 25.21 points at 13,907.62 after 90 minutes of trading
In New York, the major indexes were in the red. The Dow Jones industrial average was down 86.73 points at 17,646.37, the S&P 500 composite index retreated 10.54 points to 2,067.45 and the Nasdaq composite fell 42.73 points to 4,802.18.
The Canadian dollar was at 77.62 cents US, up 0.47 from the Thursday close at 77.15 cents US.
August crude contracts advanced $1.38 to $48.12 per barrel while their July counterparts were up $1.31 at US$47.52 per barrel on lower volume.
July natural gas rose nearly four cents to just under $2.62 per mmBTU, July copper rose nearly a cent to $2.055 per pound and August gold fell $9.40 to $1,289.00.
The post Toronto stock market, Canadian dollar show gains early Friday appeared first on Canadian Business – Your Source For Business News.
