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What types of tax-free savings accounts (TFSAs) exist? + MORE Nov 29th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
Canadian executive among seven killed in Amtrak train crash + MORE May 14th
TORONTO – A Canadian executive with a U.S. financial services company has been identified as one of seven people killed in an Amtrak train derailment in Philadelphia.
Wells Fargo said Wednesday that Abid Gilani, a senior vice-president at the company, was among the victims of Tuesday’s crash.... More »
Why GICs are a good addition to an RRSP or a TFSA + MORE Aug 9th
It’s tax time again, which means Canadians may be thinking about tax-smart ways to invest to reduce their tax burden next year. Adding guaranteed investment certificates (GICs) to your investment portfolio may help bring safe and solid returns.
How GICs work
When you purchase a GIC, you agre.... More »
Should I dip into my RRSP while on maternity leave? + MORE Jul 4th
I’ve read that one of the best times to withdraw from an RRSP is when you’re earning less money. I’m currently on maternity leave and would like to withdraw $5,000 from my RRSP to pay some bills. What do you think?
—Krystal Lee Young, Toronto
The very, very best time to withdraw from a.... More »
How much credit card debt does the average Canadian have? Jun 21st
As the country re-opens after COVID-related restrictions, Canadians are faced with a worrying financial picture. Many have moved, others are looking to travel, and the cost of living is ballooning with unusual rates of inflation. Meanwhile, the Bank of Canada (BoC) rate hikes designed to curb these .... More »
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,651.87 up 68.76 points):
Bombardier Inc. (TSX:BBD.B). Aerospace. Up 23 cents, or 5.50 per cent, to $4.41 on 11.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 15 cents, or 1.79 per cent, to $8.21 on 6.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down seven cents, or 2.17 per cent, to $3.15 on 4.6 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down nine cents, or 1.28 per cent, to $6.93 on 4.1 million shares.
Osisko Mining Corp. (TSX:OSK). Miner. Down nine cents, or 1.13 per cent, to $7.85 on 3.7 million shares.
CGI Group Inc. (TSX:GIB.A). Information technology. Up $1.44, or 3.78 per cent, to $39.52 on 3.5 million shares. CGI beat expectations as its net earnings more than doubled in the second-quarter with strong results in Europe offsetting pressure from its U.S. health-care business. It earned $230.9 million or 73 cents per share…
Toronto Stock Exchange (14,651.87 up 68.76 points):
Bombardier Inc. (TSX:BBD.B). Aerospace. Up 23 cents, or 5.50 per cent, to $4.41 on 11.9 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 15 cents, or 1.79 per cent, to $8.21 on 6.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down seven cents, or 2.17 per cent, to $3.15 on 4.6 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Down nine cents, or 1.28 per cent, to $6.93 on 4.1 million shares.
Osisko Mining Corp. (TSX:OSK). Miner. Down nine cents, or 1.13 per cent, to $7.85 on 3.7 million shares.
CGI Group Inc. (TSX:GIB.A). Information technology. Up $1.44, or 3.78 per cent, to $39.52 on 3.5 million shares. CGI beat expectations as its net earnings more than doubled in the second-quarter with strong results in Europe offsetting pressure from its U.S. health-care business. It earned $230.9 million or 73 cents per share…
CIBC loses senior investment banker
– theglobeandmail.com
Co-head of technology, diversifieds resigns
Competition in the Canadian grocery industry has reached “historical highs” that is likely to remain unabated in the foreseeable future, Loblaw Companies Ltd. said Wednesday as the country’s largest supermarket chain reported lower first-quarter net earnings but easily beat expectations on adjusted profit.
120 days – 1.70%
– 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.
OTTAWA – Finance Minister Joe Oliver says the federal government could have more than $9 billion in surplus to play with next year, but Canadians shouldn’t expect any massive new spending programs.
The minister told an Ottawa news conference that the Harper government has worked too hard over the past several years to win the war on the deficit to blow it with major new policy measures.
The $9-billion figure includes a $3-billion contingency fund and a $6.4 billion surplus projected for the 2015-16 financial year.
Oliver also says he intends to go ahead with his predecessor’s plan to create a national securities regulator and said draft legislation will be tabled soon.
Only Ontario and British Columbia have so far publicly signed on to the federal plan, but Oliver says there has been progress behind the scenes.
He says the initiative will still be voluntary, however, meaning provinces can sign up or remain out of the new regime.
The post Federal government won’t blow surplus on spending measures appeared first on Macleans…
The minister told an Ottawa news conference that the Harper government has worked too hard over the past several years to win the war on the deficit to blow it with major new policy measures.
The $9-billion figure includes a $3-billion contingency fund and a $6.4 billion surplus projected for the 2015-16 financial year.
Oliver also says he intends to go ahead with his predecessor’s plan to create a national securities regulator and said draft legislation will be tabled soon.
Only Ontario and British Columbia have so far publicly signed on to the federal plan, but Oliver says there has been progress behind the scenes.
He says the initiative will still be voluntary, however, meaning provinces can sign up or remain out of the new regime.
The post Federal government won’t blow surplus on spending measures appeared first on Macleans…
