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Should I overcontribute to my group RRSP and pay the tax penalty? + MORE Oct 23rd
Q. My employer has a fantastic group Registered Retirement Savings Plan (RRSP). They match employee contribution is up to 4%, of earnings, and they also provide a year-end bonus of 5% of earnings if you contribute the full 4%. Needless to say, I have taken advantage of this and been able to.... More »
Property assessments jump as real estate market slows down - Victoria - Times Colonist Jan 4th
Property assessments jump as real estate market slows down - Victoria Times ColonistProperty assessments on the rise CBC VancouverAverage home values in Thompson-Okanagan continue steep rise - Kelowna News Castanet.netOPINION: B.C. Realtor’s explanation how propert.... More »
'Bridge to nowhere' shows China's failed economic effort to engage North Korea - The Japan Times Sep 18th
The Japan Times'Bridge to nowhere' shows China's failed economic effort to engage North KoreaThe Japan TimesDANDONG, CHINA – Towering above the murky waters, the New Yalu River Bridge was supposed to symbolize a new era in relations between China and North Korea, helping bring inves.... More »
HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Jan 9th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
5 things to know before the stock market opens Friday - CNBC Dec 17th
5 things to know before the stock market opens Friday CNBCStock market news live updates: Stocks fall as technology shares extend sell-off Yahoo Canada FinanceNasdaq ends sharply lower as investors move away from Big Tech Al Jazeera EnglishTech selloff sinks Nasdaq 1.... More »
Finance ministers warn of consequences for not adopting new tax evasion rules
– canadianbusiness.com
WASHINGTON – The world’s major economies have issued a warning that countries could be punished if they resist new global anti-tax-evasion rules amid the wide-ranging fallout over the so-called Panama Papers.
The massive leak of offshore bank details that has already destroyed a few political careers also destroyed scheduling plans Friday at the spring financial meetings, pushing a G20 meeting well over time.
“Yes, it was a main point of discussion,” Finance Minister Bill Morneau said afterward.
“It was clear that many people wanted to speak of the importance of collective action… In the course of many people pressing the button to speak, we took a little longer than we would have taken otherwise.”
The final communique warned of actions against countries that don’t agree within a year to adopt bank-reporting standards being promoted by international agencies.
It didn’t go as far as some countries wanted — it did not explicitly mention economic sanctions, nor did it single out Panama…
The massive leak of offshore bank details that has already destroyed a few political careers also destroyed scheduling plans Friday at the spring financial meetings, pushing a G20 meeting well over time.
“Yes, it was a main point of discussion,” Finance Minister Bill Morneau said afterward.
“It was clear that many people wanted to speak of the importance of collective action… In the course of many people pressing the button to speak, we took a little longer than we would have taken otherwise.”
The final communique warned of actions against countries that don’t agree within a year to adopt bank-reporting standards being promoted by international agencies.
It didn’t go as far as some countries wanted — it did not explicitly mention economic sanctions, nor did it single out Panama…
Marathon Petroleum, Citi, GM slip; Edison Int’l rises
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Citigroup Inc., down 6 cents to $44.92
The bank’s profit shrank 27 in the first quarter, but its net income and revenue were greater than expected.
Regions Financial Corp., up 26 cents to $8.74
The Regions Bank holding company reported a bigger profit and greater sales than expected.
Marathon Petroleum Corp., down $1.52 to $37.90
Energy companies took losses as the price of oil fell.
General Motors Co., down 16 cents to $30.56
The company is recalling 1 million Chevrolet Silverado and GMC Sierra pickup trucks because of possible seatbelt problems.
Edison International, up $1.02 to $71.06
Utilities traded higher as bond prices rose. Investors are drawn to their relatively high dividend payouts because rising bond prices are lowering the yields investors can earn from bonds.
Newmont Mining Corp., up 69 cents to $29.37
Mining and metals companies rose as gold and silver prices increased…
NYSE
Citigroup Inc., down 6 cents to $44.92
The bank’s profit shrank 27 in the first quarter, but its net income and revenue were greater than expected.
Regions Financial Corp., up 26 cents to $8.74
The Regions Bank holding company reported a bigger profit and greater sales than expected.
Marathon Petroleum Corp., down $1.52 to $37.90
Energy companies took losses as the price of oil fell.
General Motors Co., down 16 cents to $30.56
The company is recalling 1 million Chevrolet Silverado and GMC Sierra pickup trucks because of possible seatbelt problems.
Edison International, up $1.02 to $71.06
Utilities traded higher as bond prices rose. Investors are drawn to their relatively high dividend payouts because rising bond prices are lowering the yields investors can earn from bonds.
Newmont Mining Corp., up 69 cents to $29.37
Mining and metals companies rose as gold and silver prices increased…
Consumer-ratings business JD Power sold for $1.1 billion
– canadianbusiness.com
NEW YORK, N.Y. – McGraw Hill Financial, the financial-data group behind Standard & Poor’s ratings agency, says it has its sold consumer-ratings unit J.D. Power for $1.1 billion.
The buyer is XIO Group, a London-based investment firm established in 2014 with an aim to invest over $5 billion in North American and European companies and help them expand into Asia.
The parties said they expect the transaction to close in the third quarter.
The post Consumer-ratings business JD Power sold for $1.1 billion appeared first on Canadian Business – Your Source For Business News.
The buyer is XIO Group, a London-based investment firm established in 2014 with an aim to invest over $5 billion in North American and European companies and help them expand into Asia.
The parties said they expect the transaction to close in the third quarter.
The post Consumer-ratings business JD Power sold for $1.1 billion appeared first on Canadian Business – Your Source For Business News.
Business Highlights
– canadianbusiness.com
___
Top finance officials: World economy still faces threats
WASHINGTON (AP) — The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world’s largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist bombings to Britain’s upcoming vote on whether to leave the European Union.
The finance ministers from the Group of 20 major economies pledged to pursue policies that will bolster growth and further stabilize financial markets, but they offered no new measures to accomplish these goals.
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Has China’s slowdown bottomed out? Growth at 6.7 pct in 1Q
HONG KONG (AP) — China’s economic growth slowed in the first quarter to 6.7 per cent, largely in line with expectations, but its slowest pace since the global financial crisis.
Data reported Friday showed that the annualized growth rate for the world’s second-largest economy ticked lower from the previous quarter’s 6…
Top finance officials: World economy still faces threats
WASHINGTON (AP) — The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world’s largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist bombings to Britain’s upcoming vote on whether to leave the European Union.
The finance ministers from the Group of 20 major economies pledged to pursue policies that will bolster growth and further stabilize financial markets, but they offered no new measures to accomplish these goals.
___
Has China’s slowdown bottomed out? Growth at 6.7 pct in 1Q
HONG KONG (AP) — China’s economic growth slowed in the first quarter to 6.7 per cent, largely in line with expectations, but its slowest pace since the global financial crisis.
Data reported Friday showed that the annualized growth rate for the world’s second-largest economy ticked lower from the previous quarter’s 6…
Earnings schedule for the week of 4/18/2016
– canadianbusiness.com
MONDAY
PepsiCo Inc. reports earnings before the market open.
Netflix Inc. reports earnings after the market close.
TUESDAY
UnitedHealth Group Inc. reports earnings before the market open.
Johnson & Johnson reports earnings before the market open.
Yahoo Inc. reports earnings after the market close.
WEDNESDAY
The Coca-Cola Co. reports earnings before the market open.
American Express Co. reports earnings after the market close.
Yum Brands Inc. reports earnings after the market close.
THURSDAY
General Motors Co. reports earnings before the market open.
Southwest Airlines Co. reports earnings before the market open.
Union Pacific Corp. reports earnings before the market open.
Alphabet Inc. reports earnings after the market close.
Microsoft Corp. reports earnings after the market close.
Starbucks Corp. reports earnings after the market close.
Visa Inc. reports earnings after the market close.
FRIDAY
Caterpillar Inc. reports earnings before the market open.
McDonald’s Corp. reports earnings before the market open…
PepsiCo Inc. reports earnings before the market open.
Netflix Inc. reports earnings after the market close.
TUESDAY
UnitedHealth Group Inc. reports earnings before the market open.
Johnson & Johnson reports earnings before the market open.
Yahoo Inc. reports earnings after the market close.
WEDNESDAY
The Coca-Cola Co. reports earnings before the market open.
American Express Co. reports earnings after the market close.
Yum Brands Inc. reports earnings after the market close.
THURSDAY
General Motors Co. reports earnings before the market open.
Southwest Airlines Co. reports earnings before the market open.
Union Pacific Corp. reports earnings before the market open.
Alphabet Inc. reports earnings after the market close.
Microsoft Corp. reports earnings after the market close.
Starbucks Corp. reports earnings after the market close.
Visa Inc. reports earnings after the market close.
FRIDAY
Caterpillar Inc. reports earnings before the market open.
McDonald’s Corp. reports earnings before the market open…
