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Ombudsman: federal tax relief program needs funding to improve response time + MORE Nov 17th
OTTAWA _ The federal government’s Taxpayers’ Ombudsman says the Canada Revenue Agency needs more permanent base funding for a program that provides financial relief to taxpayers who fall behind on payments because of a disaster or hardship.
The ombudsman says in a report that it’s .... More »
Daily Deal Roundup: Emera buys Teco for $6.5-billion and Avingstone files an IPO + MORE Sep 5th
Mergers, acquisitions, private equity and venture capital deals from Canada and around the world
.... More »
Would Amazon's Acquisition of Electronic Arts Make Sense? - The Motley Fool Aug 27th
Would Amazon's Acquisition of Electronic Arts Make Sense? The Motley FoolWhy are all these tech companies suddenly not buying EA? MobileSyrupElectronic Arts stock surges on rumor of potential Amazon sale Yahoo FinanceElectronic Arts buffeted on report of Amazon ready.... More »
Investor love grows for the low-cost balanced fund + MORE Mar 6th
Canadian investor confidence in stocks, mutual funds, TFSAs, RSPS and ETFs are all up these days, but it may be surprising to learn that it’s the simple Balanced Mutual Fund that received the biggest increase in consumer confidence—climbing 10% in one year.
Confidence in balanced funds, whic.... More »
Ashley Madison users in US file lawsuits against cheating website over data release + MORE Aug 25th
LOS ANGELES, Calif. – Eight people across the U.S. who registered to use Ashley Madison are suing the cheating website after hackers released personal and detailed information of millions of users, including financial data and sexual proclivities.
The lawsuits were filed between last month and.... More »
The Fed's Mortgage Favoritism
– online.wsj.com
When the central bank buys private assets, it distorts markets and undermines its claim to independence.Most actively traded companies on the TSX
– canadianbusiness.com
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,576.45, down 166.67 points):
Lundin Mining Corp. (TSX:LUN). Miner. Down 11 cents, or 2.06 per cent, to $5.22 on 11.6 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up one cent, or 0.28 per cent, to $3.60 on 5.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down seven cents, or 3.11 per cent, to $2.18 on 5.7 million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down 10.5 cents, or 3.21 per cent, to $3.17 on 4.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down 23 cents, or 2.54 per cent, to $8.81 on 4.1 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.58 per cent, to $38.53 on 3.7 million shares.
Companies reporting major news:
DHX Media Ltd. (TSX:DHX). Entertainment. Down 10 cents, or 1.17 per cent, to $8.48 on 304,419 shares. The company said Tuesday it will produce a new preschool series with Ragdoll Productions called Twirlywoos for CBeebies, the children’s arm of the BBC…
Toronto Stock Exchange (14,576.45, down 166.67 points):
Lundin Mining Corp. (TSX:LUN). Miner. Down 11 cents, or 2.06 per cent, to $5.22 on 11.6 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up one cent, or 0.28 per cent, to $3.60 on 5.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down seven cents, or 3.11 per cent, to $2.18 on 5.7 million shares.
Spartan Energy Corp. (TSX:SPE). Oil and gas. Down 10.5 cents, or 3.21 per cent, to $3.17 on 4.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down 23 cents, or 2.54 per cent, to $8.81 on 4.1 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.58 per cent, to $38.53 on 3.7 million shares.
Companies reporting major news:
DHX Media Ltd. (TSX:DHX). Entertainment. Down 10 cents, or 1.17 per cent, to $8.48 on 304,419 shares. The company said Tuesday it will produce a new preschool series with Ragdoll Productions called Twirlywoos for CBeebies, the children’s arm of the BBC…
Travel show host Rick Steves says his globe-trotting reveals marijuana legalization works
– canadianbusiness.com
PORTLAND, Ore. – Rick Steves smokes the occasional joint, but he’s not arguing for marijuana legalization in Oregon just because he likes to get high.
Steves, a nationally known guidebook author and host on public radio and television, said Tuesday he’s convinced that marijuana prohibition in the U.S. operates solely to harm the poor and people of colour, and to profit off their punishment.
“It’s not guys like me, rich white guys, who need it,” Steves said Tuesday at a downtown Portland hotel. “It’s the people who are arrested and cited, who are poor.”
Steves is crisscrossing western and central Oregon in support of a ballot measure to legalize marijuana, a movement that picked up steam in 2012 when Colorado and Washington state each approved legal marijuana and commercial outlets to sell it.
None of it would have happened without a plummeting stock market in 2008, Steves said.
“When you look at the end of Prohibition, it came during the Depression because they couldn’t afford to jail all those guys,” Steves said…
Steves, a nationally known guidebook author and host on public radio and television, said Tuesday he’s convinced that marijuana prohibition in the U.S. operates solely to harm the poor and people of colour, and to profit off their punishment.
“It’s not guys like me, rich white guys, who need it,” Steves said Tuesday at a downtown Portland hotel. “It’s the people who are arrested and cited, who are poor.”
Steves is crisscrossing western and central Oregon in support of a ballot measure to legalize marijuana, a movement that picked up steam in 2012 when Colorado and Washington state each approved legal marijuana and commercial outlets to sell it.
None of it would have happened without a plummeting stock market in 2008, Steves said.
“When you look at the end of Prohibition, it came during the Depression because they couldn’t afford to jail all those guys,” Steves said…
Ex-New York Fed, Treasury chief Geithner grilled in court over handling of 2008 bailout of AIG
– canadianbusiness.com
WASHINGTON – Timothy Geithner, a key player in the U.S. government’s 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the insurance giant’s former CEO over the handling of the rescue.
On Tuesday, Geithner affirmed his belief that the bailout was needed to avert disaster for the financial system. Geithner was president of the New York Federal Reserve at the time of the rescue and later Treasury secretary.
A lawyer grilled Geithner at the trial of the lawsuit brought by former AIG Chairman and CEO Maurice Greenberg. He is suing the federal government for about $40 billion in damages, asserting that it violated the Constitution’s Fifth Amendment by taking control of the insurance giant without “just compensation” for the shares it received.
The $85 billion loan package for AIG, which was teetering toward bankruptcy in September 2008, gave the government control of 80 per cent of the New York-based company’s stock…
On Tuesday, Geithner affirmed his belief that the bailout was needed to avert disaster for the financial system. Geithner was president of the New York Federal Reserve at the time of the rescue and later Treasury secretary.
A lawyer grilled Geithner at the trial of the lawsuit brought by former AIG Chairman and CEO Maurice Greenberg. He is suing the federal government for about $40 billion in damages, asserting that it violated the Constitution’s Fifth Amendment by taking control of the insurance giant without “just compensation” for the shares it received.
The $85 billion loan package for AIG, which was teetering toward bankruptcy in September 2008, gave the government control of 80 per cent of the New York-based company’s stock…
Looking at high yield stocks in a different way
– myownadvisor.ca
The following is a guest post from Rob, a fan of My Own Advisor living in Munich, Germany.Conventional wisdom says that high yields are a warning sign and for the most part I think the folks that share that wisdom are correct. But this year after selling off a large portion of my holdings, sitting out and waiting for the market “correction” that never happened, I decided to get back into the market. There was a problem with my plan though: everything I wanted to buy had gotten quite expensive. The stocks I wanted to buy were not overpriced but they were certainly above what I was willing to pay. That gave me pause for thought…
I decided to turn David Stanley’s Beating the TSX strategy on its head. Haven’t heard of his method? Well, it’s the Canadian cousin of the “Dogs of the Dow” strategy yet it applies to stocks on TSX index instead – focusing on undervalued and underappreciated U.S. stocks. You can read more about David’s strategy here.
What I did was search the whole Canadian market using sites like Top Yields and another site I know Mark has used in the past: Canadian DRIP Primer…
