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Latest News
The best TFSAs in Canada for 2023 + MORE Jul 4th
Tax-free savings accounts (TFSAs) offer a deceptively simple promise: A place where your money can grow without taking a tax hit at the time of withdrawal. However, the value goes beyond that. Unlike their name suggests, TFSAs are more than a simple tax-sheltered savings account.
Since they were.... More »
HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th
Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »
How to Workish from home like a pro + MORE Jul 26th
From boosting employee engagement to the freedom of telecommuting to saving costs on Splenda for the break room, companies other than IBM are embracing the notion of performing jobs from far-off distances like the J.J. Bean on Davie.
But working from home can be like visiting Toronto’s la.... More »
Tax-efficient dividend income + MORE Feb 1st
Q: If I am holding stocks that pay a dividend in a taxable account, would it be better to enrol them into a DRIP program if possible or just collect the dividend?
What is more tax-efficient?
—Nathan
A: When you earn investment income in a non-registered account – outside an RRSP or TFSA – th.... More »
Retirement is closer than you think – as long as you can work until age 65 + MORE Sep 30th
Learn, save, invest and prosper by subscribing to My Own Advisor.
I recently read a MoneySense article acknowledging you might not have to save as much as you think for retirement.
This article is encouraging if…
You have no significant debt at the time of retirement.
You intend to spend less in .... More »
$54 million Alberta ranch sets property listing record for province
– canadianbusiness.com
CALGARY – A sprawling cattle ranch south of Calgary has set a record for the most expensive residential property ever listed on Alberta’s MLS system, according to Sotheby’s Canada Inc.
Sotheby’s has listed the 6,000-hectare Bar-N Ghost Pine Ranch for a hefty US$42.5 million, or $54 million Canadian.
“People that are looking to buy this type of ranch are people that are not really affected by what’s happening here with the economy,” said Renata Reid, the Sotheby’s real estate agent selling the property.
The property sits near the town of Claresholm, about an hour and a half drive south of Calgary and an hour north of the U.S. border.
The Bar-N Ghost ranch has 800 cattle and 36 Angus cross bulls and all the barns, corrals and sheds needed for a working ranch. The property includes 3,660 hectares of deeded land and 2,300 hectares of leased land.
There is also a 5,200-square-foot ranch home, a guest home, and four village houses for a full crew.
“The type of buyer is a food-chain operator that is looking to supplement their beef supply,” said Reid…
Sotheby’s has listed the 6,000-hectare Bar-N Ghost Pine Ranch for a hefty US$42.5 million, or $54 million Canadian.
“People that are looking to buy this type of ranch are people that are not really affected by what’s happening here with the economy,” said Renata Reid, the Sotheby’s real estate agent selling the property.
The property sits near the town of Claresholm, about an hour and a half drive south of Calgary and an hour north of the U.S. border.
The Bar-N Ghost ranch has 800 cattle and 36 Angus cross bulls and all the barns, corrals and sheds needed for a working ranch. The property includes 3,660 hectares of deeded land and 2,300 hectares of leased land.
There is also a 5,200-square-foot ranch home, a guest home, and four village houses for a full crew.
“The type of buyer is a food-chain operator that is looking to supplement their beef supply,” said Reid…
Newmont agrees to buy Colorado’s largest gold mine from South Africa’s Anglo Gold Ashanti
– canadianbusiness.com
COLORADO SPRINGS, Colo. – Colorado-based Newmont Mining Corp. has agreed to buy the state’s largest gold mine for $820 million.
Newmont announced Monday that it would sell 29 million shares of stock to raise money for the deal to buy the Cripple Creek & Victor gold mine from South Africa’s Anglo Gold Ashanti Ltd. The sale must still be approved by regulators in both countries.
Newmont is based in the Denver suburb of Greenwood Village and is one of the world’s largest gold producers.
The Gazette newspaper of Colorado Springs (http://bit.ly/1QkfgnW ) reports that the company plans to keep the mine’s 570 workers and continue a $500 million mine expansion that’s already underway.
AngloGold announced nearly two years ago that it would cut its $3.1 billion debt by $1 billion because of lower gold prices.
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This story has been corrected to show that the mine expansion is worth $500 million, not $500.
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Information from: The Gazette, http://www.gazette…
Newmont announced Monday that it would sell 29 million shares of stock to raise money for the deal to buy the Cripple Creek & Victor gold mine from South Africa’s Anglo Gold Ashanti Ltd. The sale must still be approved by regulators in both countries.
Newmont is based in the Denver suburb of Greenwood Village and is one of the world’s largest gold producers.
The Gazette newspaper of Colorado Springs (http://bit.ly/1QkfgnW ) reports that the company plans to keep the mine’s 570 workers and continue a $500 million mine expansion that’s already underway.
AngloGold announced nearly two years ago that it would cut its $3.1 billion debt by $1 billion because of lower gold prices.
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This story has been corrected to show that the mine expansion is worth $500 million, not $500.
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Information from: The Gazette, http://www.gazette…
Online real estate brokerage Zoocasa will cease to exist as of June 22.
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,817.71, up 74.38 points):
Royal Bank of Canada (TSX:RY). Bank. Down 71 cents, or 0.90 per cent, to $77.92 on 5.5 million shares.
Iamgold Corp. (TSX:IMG). Miner. Up nine cents, or 3.36 per cent, to $2.77 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.40 per cent, to $2.50 on 4.2 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Up 93 cents, or 1.74 per cent, to $54.44 on 4.04 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 20 cents, or 0.85 per cent, to $23.63 on 3.9 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 2.82 per cent, to $2.55 on 2.9 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down two cents, or 0.05 per cent, to $41.56 on 1.01 million shares. Photography chain Blacks is shuttering all of its 59 stores in Canada after nearly 70 years in business…
Toronto Stock Exchange (14,817.71, up 74.38 points):
Royal Bank of Canada (TSX:RY). Bank. Down 71 cents, or 0.90 per cent, to $77.92 on 5.5 million shares.
Iamgold Corp. (TSX:IMG). Miner. Up nine cents, or 3.36 per cent, to $2.77 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down one cent, or 0.40 per cent, to $2.50 on 4.2 million shares.
Toronto-Dominion Bank (TSX:TD). Bank. Up 93 cents, or 1.74 per cent, to $54.44 on 4.04 million shares.
Manulife Financial Corp. (TSX:MFC). Financial Services. Up 20 cents, or 0.85 per cent, to $23.63 on 3.9 million shares.
Legacy Oil + Gas Inc. (TSX:LEG). Oil and gas. Up seven cents, or 2.82 per cent, to $2.55 on 2.9 million shares.
Companies reporting major news:
Telus Corp. (TSX:T). Communication services. Down two cents, or 0.05 per cent, to $41.56 on 1.01 million shares. Photography chain Blacks is shuttering all of its 59 stores in Canada after nearly 70 years in business…
How the Next Financial Crisis Will Happen
– online.wsj.com
Dodd-Frank’s capital and liquidity rules might lead to a liquidity crunch when the economy needs it most.
