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How to file your taxes when you own ETFs Dec 19th
Ask MoneySense
Is it possible to handle investments without having an accountant or tax professional? I do my own income taxes and have used the tax receipts without any issues from my bank for mutual funds. Is it possible to invest in ETFs without hiring a professional at tax time? If they are in a.... More »
How young investors can respond to stock market volatility Mar 25th
Wild swings in the stock market can be difficult to stomach for many investors, let alone young Canadians who are just starting their investing journey.
But even as the trade war between Canada and the U.S. brings a heaping spoonful of additional volatility, experts say in the grand scheme of t.... More »
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan - CBC News + MORE Apr 26th
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan CBC NewsTesla Is on Pace to Lose $100 Billion in One Day BNNTesla loses $126 billion in one day Financial PostTesla Stock Drop Wipes Out $126 Billion in One Day Yahoo FinanceWhy Elon Mus.... More »
Making sense of the markets this week: July 16, 2023 + MORE Jul 14th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Hello again, MSOTM readers. I’m back from an all-too-brief summer vacation, and I’m ready to zero in on where the markets are head.... More »
Asian stocks leap as fears ease over British vote on EU + MORE Jun 20th
HONG KONG – Most Asian stock markets jumped Monday as polls suggest British voters will choose to remain in the European Union in a referendum this week, easing investor worries about a possible “Brexit.”
KEEPING SCORE: Japan’s benchmark Nikkei 225 index surged 2.3 per cent t.... More »
Canadian dollar was down and U.S index futures point to lower stock markets
– canadianbusiness.com
TORONTO – The Canadian dollar and U.S. stock index futures were negative early Tuesday morning.
The Dow Jones industrial futures were down 254.0 points at 16,202.0, the S&P 500 futures declined 31.90 points to 1,931.2 and the Nasdaq futures lost 83.5 points to 4,257.8.
The Canadian dollar was down 0.18 of a U.S. cent at 75.32 cents US.
On the commodity markets, the December gold contract fell $4.10 to US$1,128.70 an ounce, the November crude contract was down $1.20 at US$45.76 and the October contract for natural gas was up two cents at US$2.57.
On Monday, Toronto’s S&P/TSX index closed up 132.54 points at 13,779.44, although well off its highs of earlier in the day.
The post Canadian dollar was down and U.S index futures point to lower stock markets appeared first on Canadian Business – Your Source For Business News.
The Dow Jones industrial futures were down 254.0 points at 16,202.0, the S&P 500 futures declined 31.90 points to 1,931.2 and the Nasdaq futures lost 83.5 points to 4,257.8.
The Canadian dollar was down 0.18 of a U.S. cent at 75.32 cents US.
On the commodity markets, the December gold contract fell $4.10 to US$1,128.70 an ounce, the November crude contract was down $1.20 at US$45.76 and the October contract for natural gas was up two cents at US$2.57.
On Monday, Toronto’s S&P/TSX index closed up 132.54 points at 13,779.44, although well off its highs of earlier in the day.
The post Canadian dollar was down and U.S index futures point to lower stock markets appeared first on Canadian Business – Your Source For Business News.
Before the Bell: Stocks set to take a hit, but no need to panic
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
Cymax is betting that you’ll buy your next couch online
– canadianbusiness.com
(Illustration by Miguel Montaner)This is one in a series of profiles of the PROFIT 500—Canada’s Fastest-Growing Companies. For more, go to PROFIT500.com.
Arash Fasihi and his wife wanted a TV stand. The couple had just bought a condo, but the particular piece of furniture they needed to bring the place together wasn’t available in Vancouver. So Fasihi turned to the Internet, only to find that the one U.S. retailer that had the item in stock wouldn’t ship it across the border.
So Fasihi registered audio-videofurniture.com, loaded the site with an array of TV stands and other electronic fittings, and left it out there to test if other consumers had similar needs. Six months later, in December 2004, the site made its first sale.
Fast-forward a decade, and Fasihi is CEO of Cymax Stores Inc., an e-commerce furniture retailer on track to earn $180 million this year. The company, based in Burnaby, B.C., grew 71% over the past five years and is now a multi-brand retailer showcasing the products of more than 200 North American manufacturers, and handling shipping and delivery operations on their behalf…
Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases
– canadianbusiness.com
STOCKHOLM – Vattenfall AB says it is selling off its German coal plants, a major source of greenhouse gases, and its mining assets as the Swedish utility seeks to adjust its energy strategy.
The company says potential buyers can bid for four power plants as well as corresponding mining activities. Buyers can also bid for 10 hydropower plants, adding that these power plants will not be sold separately.
Tuesday’s move comes after Vattenfall had made large write-downs related to its operations in Germany. The Swedish government also has pressured the company to exit its coal-fired power generation in Germany.
Vattenfall stressed it “remains fully committed” to its other energy operations in Germany, including district heating, electricity distribution and wind energy.
The post Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases appeared first on Canadian Business – Your Source For Business News.
The company says potential buyers can bid for four power plants as well as corresponding mining activities. Buyers can also bid for 10 hydropower plants, adding that these power plants will not be sold separately.
Tuesday’s move comes after Vattenfall had made large write-downs related to its operations in Germany. The Swedish government also has pressured the company to exit its coal-fired power generation in Germany.
Vattenfall stressed it “remains fully committed” to its other energy operations in Germany, including district heating, electricity distribution and wind energy.
The post Swedish utility Vattenfall sells its German coal plants, a major source of greenhouse gases appeared first on Canadian Business – Your Source For Business News.
The Canada Pension Plan Investment Board said on Tuesday it has voted to strip Bank of America Corp. CEO Brian Moynihan of his chairman’s title, the biggest shareholder so far to declare its intentions in a closely watched corporate governance contest.
