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Ms. Money and Math adds up the good advice and subtracts the bad + MORE Apr 1st
Math is taught in school, but finances? Not so much. Michelle Robertson is good at math, especially accounting. She became a Canadian Chartered Professional Accountant and has worked for PwC, the Globe and Mail and the PanAm Games. But she admits she “lived beyond” her means, “paycheque to pay.... More »
“We’re well off in retirement. How can we pay less tax?” Aug 28th
Ask MoneySense
Both my wife and I are retired. My wife is 72 years old and I am 68. Our combined incomes are based on CPP, OAS, RRIFs and dividends (both from our non-registered investments portfolio and corporate dividends that we both get quarterly from a holding company that manages the corporat.... More »
BP to resume share buybacks as profit beats expectations + MORE Oct 31st
Third-quarter earnings hit $1.87-billion, doubling profit of $933-million a year earlier
.... More »
Citgo Aruba to invest $450M to $650M to reopen idle refinery + MORE Jun 11th
SAN JUAN, Puerto Rico – Citgo Aruba announced Saturday it will invest $450 million to $650 million to reactivate an oil refinery in Aruba that has been idle since 2012.
The company said Saturday in a statement that the facility in San Nicolas will be retrofitted over the next 18 to 24 months. .... More »
How retired parents can use the FHSA to help their adult children Mar 23rd
If you’re a retiree or close to retiring, you probably have a paid-off principal residence, or should be close to having one.
However, many retirees—including me—have grown children struggling to get onto the first rung of the real estate ladder. Coming up with a down payment is still diffi.... More »
China cuts its economic growth target to 6.5-7 per cent
– canadianbusiness.com
BEIJING, China – China has cut this year’s growth target for its slowing economy to 6.5 to 7 per cent and promised to press ahead with painful reforms aimed at boosting productivity and incomes.
The target announced Saturday at the opening of China’s national legislature is down from last year’s “about 7 per cent” and the minimum President Xi Jinping has said is needed to make the country prosperous.
China’s economy has cooled steadily as the ruling Communist Party tries to replace a worn-out model based on trade and investment with self-sustaining growth driven by domestic consumption.
Economic growth declined last year to a 25-year low of 6.9 per cent and is forecast to slow more this year.
The government also promised to push ahead reforms aimed at making the state-dominated economy more productive.
The post China cuts its economic growth target to 6.5-7 per cent appeared first on Canadian Business – Your Source For Business News.
The target announced Saturday at the opening of China’s national legislature is down from last year’s “about 7 per cent” and the minimum President Xi Jinping has said is needed to make the country prosperous.
China’s economy has cooled steadily as the ruling Communist Party tries to replace a worn-out model based on trade and investment with self-sustaining growth driven by domestic consumption.
Economic growth declined last year to a 25-year low of 6.9 per cent and is forecast to slow more this year.
The government also promised to push ahead reforms aimed at making the state-dominated economy more productive.
The post China cuts its economic growth target to 6.5-7 per cent appeared first on Canadian Business – Your Source For Business News.
The close: Rallying TSX extends 2016 high
– theglobeandmail.com
U.S. jobs report, oil’s surge push stocks higher
Gold dust: Canada’s sell-off of precious metal marks end of an era
– canadianbusiness.com
CALGARY – Canada may be a global outlier when it comes to its sell-off of gold.
But to Ian Lee, a professor at Carleton University’s Sprott School of Business, the decision marks the end of an era that doesn’t fit into today’s financial system.
“Why did they sell the gold? To convert it into cash, which is liquid,” said Lee. “Bullion is not liquid. It sits down in the basement and collects dust.”
The country’s holdings in the precious metal peaked in 1965 at 1,023 tonnes or about 32.9 million ounces, according to the World Gold Council. But in recent years, gold has lost its lustre for the federal government, which on Thursday announced it was left with 77 ounces in official reserves — less than a quarter the size of a gold bar.
Lee said countries previously measured their wealth by the amount of gold they had, and currencies were fixed to the price of gold. Those days are long gone.
Today the world relies on much more efficient floating exchange rates to balance the value of currencies, and wealth is measured in productivity, said Lee…
But to Ian Lee, a professor at Carleton University’s Sprott School of Business, the decision marks the end of an era that doesn’t fit into today’s financial system.
“Why did they sell the gold? To convert it into cash, which is liquid,” said Lee. “Bullion is not liquid. It sits down in the basement and collects dust.”
The country’s holdings in the precious metal peaked in 1965 at 1,023 tonnes or about 32.9 million ounces, according to the World Gold Council. But in recent years, gold has lost its lustre for the federal government, which on Thursday announced it was left with 77 ounces in official reserves — less than a quarter the size of a gold bar.
Lee said countries previously measured their wealth by the amount of gold they had, and currencies were fixed to the price of gold. Those days are long gone.
Today the world relies on much more efficient floating exchange rates to balance the value of currencies, and wealth is measured in productivity, said Lee…
(Andy Devlin/NHLI/Getty Images)The World Cup of Hockey is a creature of the NHL and its players, hatched mainly because the financial windfall from Olympic tournaments was passing them by. So it’s natural that the event should reflect the league’s current preoccupations and conundrums, one of which has become a staple of beer-parlour debate.
Youth and vigour, or age and experience—which counts for more?
The chance to test this question is arguably the greatest novelty of next September’s tournament. Organizers stumbled on a gem in the idea of a team made up of the best players under 23 from Canada and the U.S.
Team North America, as they’d like us to call it, named its first 16 players this week, and it was a roll call of the game’s most electrifying stars, starting with Edmonton’s sublime 19-year-old forward, Connor McDavid.
Hockey pundits call them the “Young Guns.” They include top-tier picks Aaron Ekblad (No. 1 in 2014, Florida); Jack Eichel (No…
Carmike Cinemas, Hewlett Packard Enterprise climb
– 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
Hewlett Packard Enterprise Co., up $1.84 to $15.44
The information technology products and services company reported a stronger profit and greater sales than analysts had expected.
Gap Inc., up 75 cents to $29.29
The retailer said sales at its namesake stores improved in February from prior months.
Freeport-McMoRan Inc., up 63 cents to $9.74
Metals prices continued to climb after Friday’s better-than- expected jobs report suggested the U.S. economy is improving.
H&R Block Inc., down $5.14 to $27.76
The company’s quarterly results disappointed investors as people are filing their taxes later and refunds are taking longer to process.
Transocean Ltd., up $1.88 to $12.71
Oil prices continued to rise, and investors hope energy prices have stabilized after almost two years of declines.
Nasdaq
Carmike Cinemas Inc., up $4.14 to $29.25
AMC Theaters said it will buy Carmike for $1…
NYSE
Hewlett Packard Enterprise Co., up $1.84 to $15.44
The information technology products and services company reported a stronger profit and greater sales than analysts had expected.
Gap Inc., up 75 cents to $29.29
The retailer said sales at its namesake stores improved in February from prior months.
Freeport-McMoRan Inc., up 63 cents to $9.74
Metals prices continued to climb after Friday’s better-than- expected jobs report suggested the U.S. economy is improving.
H&R Block Inc., down $5.14 to $27.76
The company’s quarterly results disappointed investors as people are filing their taxes later and refunds are taking longer to process.
Transocean Ltd., up $1.88 to $12.71
Oil prices continued to rise, and investors hope energy prices have stabilized after almost two years of declines.
Nasdaq
Carmike Cinemas Inc., up $4.14 to $29.25
AMC Theaters said it will buy Carmike for $1…
