How to go about securing the best return for your investment in Canada.
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Interior Secretary announces federal permit for SunZia transmission during New Mexico visit + MORE Jan 24th
ALBUQUERQUE, N.M. – A proposed $2 billion transmission line that would carry electricity generated by renewable resources in New Mexico and Arizona to markets across the West is one step closer to being in service after clearing its final federal hurdle.
U.S. Interior Secretary Sally Jewell wa.... More »
Do you need a planner if you’re a DIY investor? May 21st
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »
Can big corporate earnings jolt the lagging Canadian market? + MORE Jul 24th
Companies scheduled to unveil their quarterly financial results represent a wide cross-section of the S&P/TSX composite index, following a trickle of results last week
.... More »
The pros and cons of a dividend reinvestment plan May 20th
Q. What are the pros and cons of using a DRIP in an unregistered account?
–Doug
A. Many stocks and exchange-traded funds offer a Dividend Reinvestment Plan, or DRIP, for investors. A dividend reinvestment plan does just what its name suggests: It reinvests dividends paid by a mutual fund, stock .... More »
Buying ETFs in Canada Tool: The MoneySense ETF Screener Jan 2nd
If you’re researching ETFs to buy, you’ve come to the right place. Below you will see the tables for different ETF categories, offering ETF options from some of the best ETF providers in Canada. We’ve included some helpful ETF asset class, geography, provider, tickers, as well as one-year retu.... More »
Facebook to buy Whatsapp startup for $19-billion in cash and stock
– theglobeandmail.com
Mobile messaging company’s co-founder to join Facebook board
Facebook to Buy WhatsApp, a Messaging Start-Up, in a $16 Billion Deal – New York Times
– news.google.ca
San Francisco ChronicleFacebook to Buy WhatsApp, a Messaging Start-Up, in a $16 Billion DealNew York TimesCreated by two former Yahoo engineers in 2009, WhatsApp is consistently ranked highly in various app stores. Updated, 5:47 p.m. |. Facebook said on Wednesday that it would acquire WhatsApp, a messaging start-up, for $16 billion in cash and stock.Facebook to buy messaging app WhatsApp for $19bnBBC NewsFacebook to buy WhatsApp for $19 billion in deal shockerReutersFacebook to buy messaging service WhatsApp for $19 billionHindustan TimesLos Angeles Times -Times of India -USA TODAYall 620 news articles »
Regulator issues stern warning on borrowing to invest
– moneysense.ca
The Investment Industry Regulatory Organization of Canada (IIROC) published its “final guidance” on borrowing-to invest strategies Wednesday, stressing the obligations of financial advisers to adequately warn and supervise their clients regarding the use of these often risky strategies.
It’s not uncommon for Canadians to borrow money to make their annual RRSP contribution for instance and pay back the loan with the tax refund the contribution generates, this is called a “gross up” loan. RRSP “top up” and “catch up” loans however are considered more risky since they are typically larger and require investors to pay back the loan from other income sources.
IIROC-regulated firms must have sound policies, procedures and controls in place when borrowing-to-invest strategies are recommended by the firm and its registered representatives, the regulator said in a press release Wednesday. Advisers must also ensure the risks are fully explained and that clients are aware of the potential impact of borrowing-to-invest strategies based on the clients’ financial situation, risk appetite and ability to withstand loss…
It’s not uncommon for Canadians to borrow money to make their annual RRSP contribution for instance and pay back the loan with the tax refund the contribution generates, this is called a “gross up” loan. RRSP “top up” and “catch up” loans however are considered more risky since they are typically larger and require investors to pay back the loan from other income sources.
IIROC-regulated firms must have sound policies, procedures and controls in place when borrowing-to-invest strategies are recommended by the firm and its registered representatives, the regulator said in a press release Wednesday. Advisers must also ensure the risks are fully explained and that clients are aware of the potential impact of borrowing-to-invest strategies based on the clients’ financial situation, risk appetite and ability to withstand loss…
Iamgold reports US$840.3M Q4 net loss; revenue plummets to US$247.2M
– canadianbusiness.com
TORONTO – Iamgold Corp. (TX:IMG) has become the latest gold producer to report a big net loss and, like the others, primarily as a result of a big writedown on assets in the wake of lower gold prices.
The Toronto-based miner with operations in Africa and the Americas says its net loss attributable to equity holders was US$840.3 million or $2.23 per share in the three months ended Dec. 31.
That compared with a fourth-quarter net profit of US$84.6 million or 22 cents per share in the same 2012 period as the company took a US$772.8- million after-tax impairment charge on goodwill and mining assets.
Total attributable proven and probable gold reserves were reduced 10.1 million ounces at the end of 2013, compared with 11.3 million ounces at the end of 2012.
The company also cited a higher cost of sales, a higher share of net losses from joint ventures, impairment of investments and lower gains on the sale of marketable securities for the loss.
Those were partially offset by lower income taxes and lower exploration expenses…
The Toronto-based miner with operations in Africa and the Americas says its net loss attributable to equity holders was US$840.3 million or $2.23 per share in the three months ended Dec. 31.
That compared with a fourth-quarter net profit of US$84.6 million or 22 cents per share in the same 2012 period as the company took a US$772.8- million after-tax impairment charge on goodwill and mining assets.
Total attributable proven and probable gold reserves were reduced 10.1 million ounces at the end of 2013, compared with 11.3 million ounces at the end of 2012.
The company also cited a higher cost of sales, a higher share of net losses from joint ventures, impairment of investments and lower gains on the sale of marketable securities for the loss.
Those were partially offset by lower income taxes and lower exploration expenses…
Business Highlights
– canadianbusiness.com
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Facebook buying messaging app WhatsApp for up to $19B
NEW YORK (AP) — Facebook is buying mobile messaging service WhatsApp for up to $19 billion, by far the company’s largest acquisition.
The world’s biggest social networking company said Thursday that it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. In addition, the app’s founders and employees will be granted $3 billion in restricted stock that will vest over four years after the deal closes.
Facebook says it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.
WhatsApp has more than 450 million monthly active users. In comparison, Twitter had 241 million users at the end of 2014.
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Downside of low inflation: A weaker global economy
WASHINGTON (AP) — Since the Great Recession ended, Americans have struggled with high unemployment, static pay and a slow economy. One thing in their favour has been low inflation. But what the global economy could use right now is a dose of higher prices…
Facebook buying messaging app WhatsApp for up to $19B
NEW YORK (AP) — Facebook is buying mobile messaging service WhatsApp for up to $19 billion, by far the company’s largest acquisition.
The world’s biggest social networking company said Thursday that it is paying $12 billion in Facebook stock and $4 billion in cash for WhatsApp. In addition, the app’s founders and employees will be granted $3 billion in restricted stock that will vest over four years after the deal closes.
Facebook says it is keeping WhatsApp as a separate service, just as it did with Instagram, which it bought for about $715.3 million.
WhatsApp has more than 450 million monthly active users. In comparison, Twitter had 241 million users at the end of 2014.
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Downside of low inflation: A weaker global economy
WASHINGTON (AP) — Since the Great Recession ended, Americans have struggled with high unemployment, static pay and a slow economy. One thing in their favour has been low inflation. But what the global economy could use right now is a dose of higher prices…
