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Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid - Yahoo Canada Finance Feb 12th
Air Canada earnings: Airline posts 'grim' results but 'very encouraged' by government talks over aid Yahoo Canada FinanceFeds approve Air Canada takeover of Air Transat CTV NewsAir Canada posts 'bleak' results as Transat deal comes through BNNAir Canada posts 'bleak'.... More »
Uber drivers stage strikes over pay and conditions - BBC News May 8th
Uber drivers stage strikes over pay and conditions BBC NewsWhy drivers are planning a global strike ahead of Uber's IPO Yahoo Canada FinanceLyft posts large loss in its first quarterly report as a public company CNBCUber loses an average of 58 cents per ride — and .... More »
What’s the RRSP deadline for 2022? Feb 10th
RRSP contribution deadline highlights
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
Every year, Canadians are asked to prepare.... More »
Fox and Disney shareholders approve deal for entertainment assets + MORE Jul 27th
Twenty-First Century Fox Inc. and Walt Disney Co. said on Friday their shareholders voted to approve Disney's $71 billion US purchase of Fox's film and television assets..... More »
What to do when you have insufficient or unused RESP funds Aug 14th
Registered education savings plans (RESPs) are the best way to save for a child’s post-secondary education. Contributions attract government grants, and the accounts grow tax-deferred. Withdrawals can be used for trade school, college or university funding in Canada and abroad.
According to Sta.... More »
The head of one of Canada’s largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it’s already leaving in “real time.”
US vs. China: a ‘slap-fight,’ not a trade war. So far
– canadianbusiness.com
WASHINGTON – First, the United States imposed a tax on Chinese steel and aluminum. Then, China counterpunched Monday with tariffs on a host of U.S. products, including apples, pork and ginseng.
On Wall Street, the stock market buckled on the prospect of an all-out trade war between the world’s two biggest economies. But it hasn’t come to that — not yet, anyway.
“We’re in a trade slap-fight right now,” not a trade war, said Derek Scissors, resident scholar and China specialist at the conservative American Enterprise Institute.
China is a relatively insignificant supplier of steel and aluminum to the United States. And the $3 billion in U.S. products that Beijing targeted Monday amount to barely 2 per cent of American goods exported to China.
But the dispute could escalate, and quickly. Already, in a separate move, the United States is drawing up a list of about $50 billion in Chinese imports to tax in an effort to punish Beijing for stealing American technology or forcing U…
On Wall Street, the stock market buckled on the prospect of an all-out trade war between the world’s two biggest economies. But it hasn’t come to that — not yet, anyway.
“We’re in a trade slap-fight right now,” not a trade war, said Derek Scissors, resident scholar and China specialist at the conservative American Enterprise Institute.
China is a relatively insignificant supplier of steel and aluminum to the United States. And the $3 billion in U.S. products that Beijing targeted Monday amount to barely 2 per cent of American goods exported to China.
But the dispute could escalate, and quickly. Already, in a separate move, the United States is drawing up a list of about $50 billion in Chinese imports to tax in an effort to punish Beijing for stealing American technology or forcing U…
Stock markets take a dive in first trading of Q2 as tariffs rattle investors
– canadianbusiness.com
Toronto’s main stock index joined U.S. markets in a downward swing Monday as Chinese tariff action rattled investors after the holiday weekend.
The Toronto Stock Exchange’s S&P/TSX composite closed down 153.84 points at 15,213.45, led by declines in energy and health care.
In New York, the Dow Jones industrial average closed down 458.92 points at 23,644.19. The S&P 500 index was down 58.99 points at 2,581.88 and the Nasdaq composite index was down 193.33 points at 6,870.12.
The Canadian dollar averaged 77.47 cents US, down 0.09 of a US cent.
The May crude contract closed down $1.93 at US$63.01 per barrel and the May natural gas contract ended down five cents at US$2.68 per mmBTU.
The June gold contract closed up $19.60 at US$1,346.90 an ounce and the May copper contract was up two cents at US$3.05 a pound.
The post Stock markets take a dive in first trading of Q2 as tariffs rattle investors appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite closed down 153.84 points at 15,213.45, led by declines in energy and health care.
In New York, the Dow Jones industrial average closed down 458.92 points at 23,644.19. The S&P 500 index was down 58.99 points at 2,581.88 and the Nasdaq composite index was down 193.33 points at 6,870.12.
The Canadian dollar averaged 77.47 cents US, down 0.09 of a US cent.
The May crude contract closed down $1.93 at US$63.01 per barrel and the May natural gas contract ended down five cents at US$2.68 per mmBTU.
The June gold contract closed up $19.60 at US$1,346.90 an ounce and the May copper contract was up two cents at US$3.05 a pound.
The post Stock markets take a dive in first trading of Q2 as tariffs rattle investors appeared first on Canadian Business – Your Source For Business News.
How life insurance can protect from debt risks
– moneysense.ca
Q: Our 19-year-old son has been accepted into an aviation program. The cost of the program is $100,000. Government Student Loan funding is not enough to cover the program cost, therefore we looked into a student line of credit. Unfortunately, a pilot was not listed as a profession that would get approval for a $100,000 student line of credit; the only option was to use our own personal line of credit.
In order to protect ourselves financially in case something happens to our son, I would like to purchase life insurance but I’m not sure what type of life insurance and if disability insurance is also needed. Once his debit is paid off I would like to see him continue with the life insurance policy so he has coverage if he decides to start a family. Would he be able to increase the policy coverage? Or is it in his best financial interest to incorporate future costs now?
—Diana
A: Diana, this is a great question. This is a good example of life insurance protecting a financial risk, which is one of the main purposes of life insurance…
Top 5 Ways to Pay for School
– macleans.ca
Looking into a post-secondary education for the first time can be pretty overwhelming, and figuring out how you’ll pay for it all can add extra stress. To help, here are five options to keep in mind while going through the process.
TIP: Apply for everything you qualify for! Check scholarshipscanada.com and yconic.com.
TIP: Find out if your parents are helping you out. They may have an RESP or other savings.
Figure out how much you need to pay for school with the RBC Student Budget Calculator
TIP: Learn more at canlearn.ca.
TIP: Look for job sites catered to students and new grads such as TalentEgg and jobpostings.ca.
TIP: Check out how the RBC Student Line of Credit could help you.
For year-round student finance tips, check out the RBC Student Solutions Hub.
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Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions and restrictions apply.
The post Top 5 Ways to Pay for School appeared first on Macleans…
