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Latest News
Why are Canadians still frustrated with the economy? Nov 5th
The federal finance minister has been taking every opportunity to remind frustrated Canadians that after a bumpy pandemic recovery, the nation’s economy is actually doing a lot better.
Inflation is now at 1.6%, below the Bank of Canada’s 2% target. Interest rates are falling rapidly and mor.... More »
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% - Yahoo Canada Finance + MORE Feb 6th
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% Yahoo Canada FinanceBed Bath & Beyond Plans Share Sale in Bid to Avoid Bankruptcy BNN BloombergBed Bath & Beyond moves to raise $1 bln to avoid bankruptcy Reuters.comBed Bath & Beyo.... More »
New 'Netflix tax' for Manitobans coming as part of latest provincial budget - CBC.ca Apr 8th
New 'Netflix tax' for Manitobans coming as part of latest provincial budget CBC.caManitoba 2021 budget includes rent, child-care freezes, rebate cheques while focusing on COVID-19 Global NewsManitoba budget promises 25% cut to education property tax, despite pandemic-induced de.... More »
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion - Reuters + MORE Nov 14th
Ovintiv to buy oil-rich assets in Canada's Montney shale for $2.38 billion ReutersOvintiv consolidates holdings with $3.3-billion Montney buy, $2.8-billion Uinta sale The Globe and MailParamount Resources Ltd. announces $3.325 billion asset sale BOE ReportOvintiv is .... More »
Berkshire bulks up in real estate with Store Capital stake + MORE Jun 26th
Investor spends $377.1-million on shares in the REIT, giving it a nearly 10-per-cent stake
.... More »
Judges orders Tom Benson’s daughter trustee of an estate
– canadianbusiness.com
SAN ANTONIO – A Texas judge on Friday ordered the replacement of Tom Benson, owner of the New Orleans Saints and Pelicans, by his estranged daughter as trustee of a Benson family estate trust worth almost $1 billion.
Bexar County Probate Judge Tom Rickhoff ruled that Benson’s estranged daughter, Renee Benson, control the 1980 Shirley Benson Testamentary Trust, the San Antonio Express-News (http://bit.ly/1Qr0Xbj ) reported. The trust was created in 1980 upon the death of Shirley Benson to oversee the assets of Tom Benson’s late first wife and Renee Benson’s mother.
Renee Benson and her two children sued her father in January 2015, challenging the 88-year-old San Antonio businessman’s competency to take control of the estate away from her. She argued he was being manipulated by his present wife Gayle Benson.
The trust assets include Lone Star Capital Bank in San Antonio, about half interest in Tom Benson’s five auto dealerships, a stake in the large Benson ranch near Johnson City, a multimillion-dollar Lake Tahoe home, a private plane, cash and other real estate…
Bexar County Probate Judge Tom Rickhoff ruled that Benson’s estranged daughter, Renee Benson, control the 1980 Shirley Benson Testamentary Trust, the San Antonio Express-News (http://bit.ly/1Qr0Xbj ) reported. The trust was created in 1980 upon the death of Shirley Benson to oversee the assets of Tom Benson’s late first wife and Renee Benson’s mother.
Renee Benson and her two children sued her father in January 2015, challenging the 88-year-old San Antonio businessman’s competency to take control of the estate away from her. She argued he was being manipulated by his present wife Gayle Benson.
The trust assets include Lone Star Capital Bank in San Antonio, about half interest in Tom Benson’s five auto dealerships, a stake in the large Benson ranch near Johnson City, a multimillion-dollar Lake Tahoe home, a private plane, cash and other real estate…
TFSA or RRSP? The answer goes beyond tax rates
– moneysense.ca
At this time of year, most advisors get asked if it is better to invest in a TFSA or an RRSP.I was asked that exact question at a recent speed networking event. I had just introduced myself as a financial planner to a man in his mid-40s and before I could ask him what he did, he blurted out, “So which is better, TFSA or RRSP?”
I paused for a moment, and then said, “For you, a TFSA is the better choice.” He stared for a full five seconds — a long time in a speed networking session — and then asked, “Why do you say that?”
“Because you don’t have a financial plan,” I answered. “If you did, you wouldn’t need to ask me which one is better.” Before he could say anything else, the bell rang and it was time to move to the next person.
Read: What new tax brackets mean for you
So, which one is better?
Conventional wisdom says if your tax rate when you invest the money is higher than when you take it out, you’re better off within an RRSP. If your tax rate will be higher when you take the money out compared to when you save it, then you’re better off with a TFSA…
Dream Office REIT shifts gears amid 'messed-up time' for office sector
– theglobeandmail.com
The real estate investment trust announced plans to slash its distribution by one-third, top up its credit facility to $800-million and unload at least $1.2-billion worth of properties over the next three years
Nordstrom, Southwestern Energy skid; Applied Materials jumps
– 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
Nordstrom Inc., down $3.55 to $49.17
The department store chain said its sales were weaker than it expected and its profits were eroded by big discounts.
Deere & Co., down $3.33 to $77
The company lowered its sales forecast for the year as demand for farm and construction equipment remained weak.
Boston Beer Co., down $3.41 to $181.02
Quarterly sales at the maker of Samuel Adams beer disappointed investors.
V.F. Corp., down $2.70 to $58.55
Profit and sales at the company behind brands such as Vans and Timberland fell far short of expectations.
WageWorks Inc., up $1.87 to $43.93
The provider of health, commuter and other employee benefits reported stronger-than-expected results.
Southwestern Energy Co., down $1.40 to $7.09
The oil and gas company tumbled as energy prices retreated after a recent rally.
Nasdaq
Applied Materials Inc., up $1.21 to $18…
NYSE
Nordstrom Inc., down $3.55 to $49.17
The department store chain said its sales were weaker than it expected and its profits were eroded by big discounts.
Deere & Co., down $3.33 to $77
The company lowered its sales forecast for the year as demand for farm and construction equipment remained weak.
Boston Beer Co., down $3.41 to $181.02
Quarterly sales at the maker of Samuel Adams beer disappointed investors.
V.F. Corp., down $2.70 to $58.55
Profit and sales at the company behind brands such as Vans and Timberland fell far short of expectations.
WageWorks Inc., up $1.87 to $43.93
The provider of health, commuter and other employee benefits reported stronger-than-expected results.
Southwestern Energy Co., down $1.40 to $7.09
The oil and gas company tumbled as energy prices retreated after a recent rally.
Nasdaq
Applied Materials Inc., up $1.21 to $18…
China’s top securities regulator steps down
– canadianbusiness.com
BEIJING, China – China’s top securities regulator Xiao Gang will step down following months of turmoil in the Chinese stock markets, the state-run news agency said Saturday.
Xiao, a legal expert who has had decades of experience in the finance sector, was appointed to the position in March 2013. Since last summer, the composite index of the Shanghai stock market has fallen sharply from a high of more than 5,100 points, prompting calls for him to step down. The market closed at 2,860 on Friday.
The official Xinhua News Agency said Xiao would be replaced by Liu Shiyu, chairman of the Agriculture Bank of China.
Liu was trained in engineering at the prestigious Tsinghua University but has started a career in the state banking sector since the late 1980s. Liu served as the deputy governor of the People’s Bank of China from 2006 to 2016.
The post China’s top securities regulator steps down appeared first on Canadian Business – Your Source For Business News.
Xiao, a legal expert who has had decades of experience in the finance sector, was appointed to the position in March 2013. Since last summer, the composite index of the Shanghai stock market has fallen sharply from a high of more than 5,100 points, prompting calls for him to step down. The market closed at 2,860 on Friday.
The official Xinhua News Agency said Xiao would be replaced by Liu Shiyu, chairman of the Agriculture Bank of China.
Liu was trained in engineering at the prestigious Tsinghua University but has started a career in the state banking sector since the late 1980s. Liu served as the deputy governor of the People’s Bank of China from 2006 to 2016.
The post China’s top securities regulator steps down appeared first on Canadian Business – Your Source For Business News.
