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TFSA vs RRSP: How to decide between the two Jun 28th
One of the most common questions out there is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both will help you save, and save on taxes, but each works in different ways. Understanding these investments will help you know when to use one or the.... More »
Ontario Teacher’s Pension Plan bringing in new investment partners at UK airports + MORE Oct 31st
LONDON _ The Ontario Teachers’ Pension Plan says it is selling off 30 per cent of its stakes at two United Kingdom regional airports to broaden its investment strategy.
The deal will see Australia’s New South Wales Treasury Corporation and Sunsuper Superannuation Fund each acquire a 15 p.... More »
What is short-term disability insurance? Sep 14th
Short-term disability (STD) insurance provides income for someone over a short period of time if they can’t work because they’re ill or injured, have been in an accident, or are in the hospital. STD insurance is often offered by employers as part of their workplace benefits package. It’s not .... More »
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe - Bloomberg Jun 17th
WWE Says CEO Vince McMahon to Step Back During Misconduct Probe BloombergWWE CEO McMahon steps down as board investigates alleged misconduct Financial PostInvestigation at WWE upends leadership; McMahon steps aside National PostWWE Board Of Directors Now Being Invest.... More »
Brexit vote rocks the world’s financial markets + MORE Jun 24th
A man walks past a screen displaying currency exchange rates outside a brokerage in Tokyo, Japan, June 24, 2016. REUTERS/Thomas Peter – RTX2HWDB
SEOUL, Korea, Republic Of — World financial markets were rocked Friday by Britain’s unprecedented vote to leave the European Union, with stoc.... More »
Chinese chemical firm warns investors that its auditor is questioning its financial statements
– canadianbusiness.com
WASHINGTON – A Morgan Stanley-backed Chinese chemical manufacturer that was the subject of an Associated Press investigation last year has informed investors that auditors may not stand behind the company’s financial statements.
In November, the AP report cited discrepancies in the tax records and customer relationships of Tianhe Chemicals Group Ltd.
Hong Kong regulators suspended trading in Tianhe (pronounced TYEN’-huh) four months after concerns by auditor Deloitte Touche Tohmatsu Ltd. prevented the company from releasing its 2014 financial report. In a new statement to investors, Tianhe said Deloitte was proposing to disclaim, or disown, its audit opinion over questions about its tax payments, bank statements and vendor relationships.
Such a disclaimer is tantamount to the auditor saying that it was unable to do a thorough job. Tianhe said it had co-operated with Deloitte and “is considering the auditor’s proposed opinion in light of all the work performed…
In November, the AP report cited discrepancies in the tax records and customer relationships of Tianhe Chemicals Group Ltd.
Hong Kong regulators suspended trading in Tianhe (pronounced TYEN’-huh) four months after concerns by auditor Deloitte Touche Tohmatsu Ltd. prevented the company from releasing its 2014 financial report. In a new statement to investors, Tianhe said Deloitte was proposing to disclaim, or disown, its audit opinion over questions about its tax payments, bank statements and vendor relationships.
Such a disclaimer is tantamount to the auditor saying that it was unable to do a thorough job. Tianhe said it had co-operated with Deloitte and “is considering the auditor’s proposed opinion in light of all the work performed…
Stream hires one of National Bank’s top oil and gas bankers
– theglobeandmail.com
Arun Chandrasekaran has joined Calgary-based Stream, which started up last year as a vehicle to invest in so-called midstream assets
Business Highlights
– canadianbusiness.com
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More millennials stuck renting for years before buying home
WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.
The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 — in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
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Amazon’s data-driven approach becoming more common
NEW YORK (AP) — Amazon isn’t the only company that is using data on employees to improve productivity.
A New York Times article over the weekend portrayed Amazon’s work culture as “bruising” and “Darwinian” in part because of the way it uses data to manage its staff…
More millennials stuck renting for years before buying home
WASHINGTON (AP) — Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.
The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 — in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
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Amazon’s data-driven approach becoming more common
NEW YORK (AP) — Amazon isn’t the only company that is using data on employees to improve productivity.
A New York Times article over the weekend portrayed Amazon’s work culture as “bruising” and “Darwinian” in part because of the way it uses data to manage its staff…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,251.53, down 26.35 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.96 per cent, to $1.31 on 7.6 million shares.
RMP Energy Inc. (TSX:RMP). Oil and gas. Up 11 cents, or 7.28 per cent, to $1.62 on 5.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 43 cents, or 4.83 per cent, to $8.47 on 4.3 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 12 cents, or 9.09 per cent, to $1.20 on four million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up four cents, or 3.25 per cent, to $1.27 on 3.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 32 cents, or 6.24 per cent, to $5.45 on 3.3 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Up 23 cents, or 2.28 per cent, to $10.30 on 2.6 million shares. Barrick Gold Corp. says one of its two co-presidents will retire from the company at the end of this year and a number of other senior executives are getting new responsibilities…
Toronto Stock Exchange (14,251.53, down 26.35 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down four cents, or 2.96 per cent, to $1.31 on 7.6 million shares.
RMP Energy Inc. (TSX:RMP). Oil and gas. Up 11 cents, or 7.28 per cent, to $1.62 on 5.1 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 43 cents, or 4.83 per cent, to $8.47 on 4.3 million shares.
Trican Well Service Ltd. (TSX:TCW). Oil and gas. Down 12 cents, or 9.09 per cent, to $1.20 on four million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up four cents, or 3.25 per cent, to $1.27 on 3.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 32 cents, or 6.24 per cent, to $5.45 on 3.3 million shares.
Companies reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Up 23 cents, or 2.28 per cent, to $10.30 on 2.6 million shares. Barrick Gold Corp. says one of its two co-presidents will retire from the company at the end of this year and a number of other senior executives are getting new responsibilities…
The Globe and MailTSX plays defense as oil price falls to near 2009 lowReuters CanadaTORONTO (Reuters) – Canada's main stock index retreated on Monday, with heavyweight energy and banking stocks reacting negatively to a fall in the price of U.S. crude to near a 2009 low and disappointing data from Japan and New York. Gains among …The close: TSX ends lower as energy, banking stocks weighThe Globe and MailCANADA STOCKS-TSX ends lower as energy, banking stocks weighReutersMARKET REPORT: Effects of downward oil trend remain a dragTheChronicleHerald.caDispatch Times -Times Colonistall 50 news articles »
