How to go about securing the best return for your investment in Canada.
Latest News
What is a cashable GIC? Dec 21st
Canadian investors have been struggling with high inflation for a couple of years now. In an attempt to cool inflation down, the Bank of Canada (BoC) continues to keep interest rates high. As a result, the interest rates available for guaranteed investment certificates (GICs) look to be pretty attra.... More »
Making sense of the markets this week: September 17, 2023 + MORE Sep 15th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
U.S. inflation battle: Mission not accomplished
Despite increasing interest rates and hawkish talk from the U.S. F.... More »
EQ Bank review 2021 + MORE Apr 29th
Table of contents
Who is EQ Bank?
EQ Bank—quick review
How to make deposits and access funds with an online EQ Bank account
What you need to know about the EQ Bank Savings Plus high-interest savings account
GICs at EQ Bank
How EQ Bank’s international money transfers, powered by Wise, work
What.... More »
Making sense of the markets this week: February 18, 2024 Feb 16th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Shopify struggles
Canada’s second-largest company (or third, depending on the day) had a relatively strong earnings da.... More »
Toronto stock index up, Wall Street mixed, as loonie moves lower + MORE Feb 16th
TORONTO – Rising oil prices helped Canada’s main stock index move higher, capping off a week of strong gains for North American markets .
The Toronto Stock Exchange’s S&P/TSX composite index was up 44.98 points to 15,452.64, led by the influential energy sector.
South of the bo.... More »
Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes
– canadianbusiness.com
Shares of Empire Co. Ltd. were down more than five per cent on Wednesday amid news it’s planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs.
The company made the announcement after it posted a loss in its latest quarter as it was hit by restructuring costs, and said it would incur increased labour costs starting at the end of the third quarter of fiscal 2018 as a result of minimum wage increases in some parts of the country.
CEO Michael Medline said the company’s decision to convert some of its 255 Sobeys and Safeway stores provides an “attractive strategic and financial opportunity for us” to grow market share in the Western provinces in a profitable way.
“Our comprehensive research and analysis shows that the West is fertile ground for ‘small box’ discount.”
Empire said it lost $23.6 million or nine cents per share for the 13 weeks ended Nov…
The company made the announcement after it posted a loss in its latest quarter as it was hit by restructuring costs, and said it would incur increased labour costs starting at the end of the third quarter of fiscal 2018 as a result of minimum wage increases in some parts of the country.
CEO Michael Medline said the company’s decision to convert some of its 255 Sobeys and Safeway stores provides an “attractive strategic and financial opportunity for us” to grow market share in the Western provinces in a profitable way.
“Our comprehensive research and analysis shows that the West is fertile ground for ‘small box’ discount.”
Empire said it lost $23.6 million or nine cents per share for the 13 weeks ended Nov…
Bitcoin and blockchain start ups cashing in on cryptocurrency frenzy
– canadianbusiness.com
CALGARY _ The investor frenzy driving Bitcoin prices to precipitous heights _ trading at over US$16,000 a piece Wednesday _ is playing out on stock markets as well, as companies shift focus to cryptocurrencies to get in on the latest boom.
“People are trying to surf off the wave of bitcoin by strategically changing their name,” said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab at Western University. “There’s always been a strategic use of these market hype cycles.”
Hive Blockchain Technologies Ltd. (TSXV:HIVE) has been making the most of the heightened interest, announcing plans Wednesday to raise as much as $100 million to buy more digital currency mining hardware.
The financing comes after the company had already raised more than $80 million since announcing in June it was changing its name from Leeta Gold Corp. and its focus to cryptocurrencies, prompting its share price to climb from about 29 cents before its restructuring to about $3…
“People are trying to surf off the wave of bitcoin by strategically changing their name,” said Jean-Philippe Vergne, co-director of the Scotiabank Digital Banking Lab at Western University. “There’s always been a strategic use of these market hype cycles.”
Hive Blockchain Technologies Ltd. (TSXV:HIVE) has been making the most of the heightened interest, announcing plans Wednesday to raise as much as $100 million to buy more digital currency mining hardware.
The financing comes after the company had already raised more than $80 million since announcing in June it was changing its name from Leeta Gold Corp. and its focus to cryptocurrencies, prompting its share price to climb from about 29 cents before its restructuring to about $3…
Editor’s Picks: Our favourite stories from 2017
– macleans.ca
From risking life and limb to trek to Canada, to the peak of real estate madness and the death of a Canadian musical hero, here’s a look back at the year that was. Click your way through our favourite reads of 2017.
The new underground railroad
Razak Iyal in his room at Health Sciences Centre in Winnipeg, January 25, 2017. (Photograph by Sam Tarling)
More and more refugees are making a dangerous trek north to Canada to escape a harsh new U.S. regime—risking life and limb
The American Dream has moved to Canada
By every measure, Canada is the true place to find ‘life, liberty and the pursuit of happiness.’ Let’s stop squandering our good fortune. By Scott Gilmore
The return of the czar
Russian President Vladimir Putin enters the St. George Hall at the Grand Kremlin Palace at the Kremlin in Moscow, on December 12, 2013, to deliver an annual state of the nation address. (Mikhail Klimentyev/AFP/Getty Images)
One hundred years after the Russian Revolution, an emboldened Putin regime is embracing its czarist past…
The surprising way one of the greatest TSX success stories is paying for its share buybacks
– theglobeandmail.com
Shareholders may be hard-pressed to connect the dots that plan is fuelled by adding debt
Feds provide more details on revisions to controversial tax proposals
– canadianbusiness.com
OTTAWA _ The federal government released more details Wednesday on changes to its controversial tax proposals in hopes of further addressing deep concerns over reforms that have angered the small-business community.
The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies _ a practice known as income sprinkling.
The changes are among several adjustments the government made to its overall tax-reform package following an onslaught of complaints from doctors, lawyers, accountants, tax experts, farmers, premiers and even some Liberal backbenchers.
Critics have denounced the proposals, contending they would hurt the very middle class the Trudeau government claimed to be trying to help.
Earlier Wednesday, the Senate finance committee urged the government to abandon its controversial tax proposals _ or at the very least delay their implementation for one year, until 2019…
The Liberals are tweaking a proposal that, as of Jan. 1, would tighten existing rules enabling small-business owners to lower their tax burden by distributing earnings among family members who do not make significant contributions to their companies _ a practice known as income sprinkling.
The changes are among several adjustments the government made to its overall tax-reform package following an onslaught of complaints from doctors, lawyers, accountants, tax experts, farmers, premiers and even some Liberal backbenchers.
Critics have denounced the proposals, contending they would hurt the very middle class the Trudeau government claimed to be trying to help.
Earlier Wednesday, the Senate finance committee urged the government to abandon its controversial tax proposals _ or at the very least delay their implementation for one year, until 2019…
