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Latest News
Loonie, TSX continue descent following Brexit vote + MORE Jun 27th
TORONTO – The Canadian dollar is continuing its descent as markets around the world continue to take stock of last week’s Brexit vote.
The loonie began the week at 76.63 cents US in early morning trading shortly after North American stock markets opened, down 0.3 of a cent from Friday’s close..... More »
2023 tax credits, due dates and when you can file: Your 2023 income tax return guide Mar 18th
You’ll want to bookmark the MoneySense guide for 2023 personal income taxes. We will be updating it frequently, as information becomes available and deadlines approach. Plus, we get answers from the experts you won’t find anywhere else, thanks to our Ask MoneySense and Ask A Planner columns.&nbs.... More »
Lyft reveals it doubled revenue to $2.2B in 2018 as it files to go public Mar 1st
Ride-hailing giant Lyft released financial details in a federal filing before it begins selling its stock to the public, giving investors the first chance to buy into the ride-hailing phenomenon..... More »
Canadian investors find real estate strategy shifts along with Chinese economy Dec 25th
From warehouses to shopping malls, Canadian institutions such as large pension funds struck partnerships and took stakes in properties poised to benefit from China’s continued, albeit slowing, economic growth cycle
.... More »
3.5 year - 2.20% + MORE Nov 23rd
This GIC rate is offered by DUCA Financial Services and was updated on 2014-10-20. Click on the link above to get more details or apply online..... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Aviva paid out record $190 million in water damage claims last year
– canadianbusiness.com
CALGARY – Aviva Canada says it paid out a whopping $190 million in water damage claims last year — and the insurance provider says it’s part of an upward trend.
Severe flooding in Alberta and Toronto had a lot to do with the record amount — but not everything, Aviva said in a release Tuesday.
“The flooding in Alberta and Toronto certainly played a big part in the increase, but the general trend is upward. And, as severe weather events are growing in frequency, we expect to see more situations like this in the future,” said Wayne Ross, vice-president of property claims.
Even with the two high-profile natural disasters taken out of the equation, water damage still would have made up 40 per cent of Aviva’s property claims in 2013. Overall, half of last year’s property claims were related to water damage.
Aviva also said the average cost of a water damage claim rose to $20,537 last year — a 130 per cent increase from 10 years ago.
“The increasing investment Canadians are putting into their basements, combined with more frequent severe weather events and an aging sewer system that is unable to deal with large amounts of water within a short time period, results in a lot of homes experiencing damage,” said Ross…
Severe flooding in Alberta and Toronto had a lot to do with the record amount — but not everything, Aviva said in a release Tuesday.
“The flooding in Alberta and Toronto certainly played a big part in the increase, but the general trend is upward. And, as severe weather events are growing in frequency, we expect to see more situations like this in the future,” said Wayne Ross, vice-president of property claims.
Even with the two high-profile natural disasters taken out of the equation, water damage still would have made up 40 per cent of Aviva’s property claims in 2013. Overall, half of last year’s property claims were related to water damage.
Aviva also said the average cost of a water damage claim rose to $20,537 last year — a 130 per cent increase from 10 years ago.
“The increasing investment Canadians are putting into their basements, combined with more frequent severe weather events and an aging sewer system that is unable to deal with large amounts of water within a short time period, results in a lot of homes experiencing damage,” said Ross…
Montreal GazetteCouillard pledges to release details of his financial holdingsMontreal GazetteTROIS-RIVIÈRES — Quebec Liberal Party leader Philippe Couillard pledged Tuesday to release all the details of his financial holdings — including those of his wife — ahead of Thursday's televised debate, and he called on the leaders of the other political …As poll shows Liberals widening lead, Marois steps up attack on Couillard …National PostCouillard to publish tax returns; Marois says existing declarations sufficeCTV NewsCouillard on the offensive as Leger poll shows Liberals in the leadGlobalnews.caToronto Sun -CJAD -The Globe and Mailall 261 news articles »
Carnival, Walt Disney, Walgreen, Sonic and Luxottica are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Walgreen Co., up $2.11 to $66.42
Wall Street looked past a quarterly earnings miss, focusing instead on rising sales at established stores and bigger sales receipts.
Carnival Corp., down $1.98 to $38.02
Rising costs are weighing on the world’s largest cruise ship operator, which told investors to expect a loss this quarter.
The Walt Disney Co., up 6 cents to $79.55
Chasing younger viewers, the entertainment company agreed to spend $500 million acquiring YouTube channel operator Maker Studio.
Alpha Natural Resources Inc., down 18 cents to $4.34
Jefferies & Co. downgrades the coal miner, citing weak demand and the potential for falling natural gas prices.
Luxottica Group SpA, up $2.34 to $56.20
The Italian eyewear maker will create designs for Google Glass, which the company says could help produce annual growth of 5 to 10 per cent.
Nasdaq
G-III Apparel Group Ltd…
NYSE
Walgreen Co., up $2.11 to $66.42
Wall Street looked past a quarterly earnings miss, focusing instead on rising sales at established stores and bigger sales receipts.
Carnival Corp., down $1.98 to $38.02
Rising costs are weighing on the world’s largest cruise ship operator, which told investors to expect a loss this quarter.
The Walt Disney Co., up 6 cents to $79.55
Chasing younger viewers, the entertainment company agreed to spend $500 million acquiring YouTube channel operator Maker Studio.
Alpha Natural Resources Inc., down 18 cents to $4.34
Jefferies & Co. downgrades the coal miner, citing weak demand and the potential for falling natural gas prices.
Luxottica Group SpA, up $2.34 to $56.20
The Italian eyewear maker will create designs for Google Glass, which the company says could help produce annual growth of 5 to 10 per cent.
Nasdaq
G-III Apparel Group Ltd…
