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Warning to caregivers: Expect a scavenger hunt Feb 24th
This story is part 3 in a series on financial caregiving for seniors. Read others in this series:
3 signs you need to take control of your parents’ finances
Caring for a parent? Get a power of attorney
Before my father was diagnosed with dementia, I had a 30,000-foot awareness of my f.... More »
How do the RRSP contribution carry forward rules work? + MORE Jun 9th
If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $30,780 for the tax year 2023? Effectively making a contribution of $55,780 to my RRSP?— Lorraine
The rules around RRSP contribution room
As soon as a taxpayer starts t.... More »
Oilsands bitumen prices in negative territory, analyst calculates + MORE Oct 13th
A financial analyst says prices being paid for Western Canadian oilsands bitumen have fallen so far that producers are losing money on every barrel sold into the spot market..... More »
Fairfax gains approval to buy 51% stake in Indian lender + MORE Dec 30th
Canadian investment firm to acquire stake in Catholic Syrian Bank
.... More »
After the biggest stock market sell-off in history, what's next for Facebook? Jul 28th
After a market meltdown this week that saw Facebook lose $100 billion of shareholder value, it's worth asking whether the giant could be headed — albeit very slowly — for the same fate that befell its high-tech ancestors like Myspace..... More »
Apple and Hanesbrands fall, LinkedIn and Symantec climb
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Monday:
LinkedIn Corp., up $61.13 to $192.21
Microsoft agreed to buy the professional networking service company for $196 a share, or $26.2 billion.
Symantec Corp. up 91 cents to $18.21
The security software company said it will buy privately held Blue Coat Inc. for $4.65 billion.
Hanesbrands Inc., down 72 cents to $26.14
The clothing company said Chairman Richard Noll will give up his CEO title on Oct. 1.
Apple Inc., down $1.49 to $97.34
Apple stock fell as investors waited to see the results of its annual software conference, which started Monday.
Duke Energy Corp., up 37 to $81.61
Utility stocks avoided Monday’s losses as investors bought the stocks while bond yields fell.
Eleven Biotherapeutics Inc., up 52 cents to $2.39
The drug developer announced a licensing deal with Swiss drugmaker Roche.
BioScrip Inc., down 55 cents to $2.28
The infusion and home care services company said it will buy HS Infusion Holdings for $85 million in cash and stock…
LinkedIn Corp., up $61.13 to $192.21
Microsoft agreed to buy the professional networking service company for $196 a share, or $26.2 billion.
Symantec Corp. up 91 cents to $18.21
The security software company said it will buy privately held Blue Coat Inc. for $4.65 billion.
Hanesbrands Inc., down 72 cents to $26.14
The clothing company said Chairman Richard Noll will give up his CEO title on Oct. 1.
Apple Inc., down $1.49 to $97.34
Apple stock fell as investors waited to see the results of its annual software conference, which started Monday.
Duke Energy Corp., up 37 to $81.61
Utility stocks avoided Monday’s losses as investors bought the stocks while bond yields fell.
Eleven Biotherapeutics Inc., up 52 cents to $2.39
The drug developer announced a licensing deal with Swiss drugmaker Roche.
BioScrip Inc., down 55 cents to $2.28
The infusion and home care services company said it will buy HS Infusion Holdings for $85 million in cash and stock…
LCBO sees record sales of $5.57B, large rise in sales of local spirits, cider
– canadianbusiness.com
TORONTO – Ontarians drank billions of dollars of booze last year, with the Liquor Control Board of Ontario reporting record sales of $5.57 billion.
The LCBO says it marks the 21st straight year of record sales and that a $1.9-billion dividend was transferred to the Ontario government.
Sales of Ontario craft spirits soared 64 per cent to $3.7 million, sales of locally produced craft cider saw an increase of 54 per cent to $5.1 million and sales of Ontario craft beer rose 35 per cent to $69 million.
In total, the agency saw net sales of $2.1 billion in spirits, nearly $2 billion in wine, $1.18 billion in beer and cider, and $88.5 million in gift cards.
December 2015 marked the start of sales of beer in grocery stores, and from then until the end of the fiscal year, the LCBO says sales to grocery stores were $7.9 million.
Wine and cider are set to be available in grocery stores later this year.
The post LCBO sees record sales of $5.57B, large rise in sales of local spirits, cider appeared first on Canadian Business – Your Source For Business News.
The LCBO says it marks the 21st straight year of record sales and that a $1.9-billion dividend was transferred to the Ontario government.
Sales of Ontario craft spirits soared 64 per cent to $3.7 million, sales of locally produced craft cider saw an increase of 54 per cent to $5.1 million and sales of Ontario craft beer rose 35 per cent to $69 million.
In total, the agency saw net sales of $2.1 billion in spirits, nearly $2 billion in wine, $1.18 billion in beer and cider, and $88.5 million in gift cards.
December 2015 marked the start of sales of beer in grocery stores, and from then until the end of the fiscal year, the LCBO says sales to grocery stores were $7.9 million.
Wine and cider are set to be available in grocery stores later this year.
The post LCBO sees record sales of $5.57B, large rise in sales of local spirits, cider appeared first on Canadian Business – Your Source For Business News.
John Oliver on what’s wrong with retirement planning
– moneysense.ca
In his latest episode of Last Week Tonight, host John Oliver waded through all the confusing, infuriating intricacies of the financial advisor industry in the U.S. While firms like to paint their advisors as cuddly caretakers of your riches, Oliver pointed out all the reasons you should question their motivations.
In both the U.S. and Canada, the term ‘financial advisor’ or ‘financial analyst’ are mere job titles and are not proof of any actual certifications. And more often than not they’re paid with commissions. In Canada, you can look for professionals designated as Certified Financial Planners (CFP), Personal Financial Planners (PFP) and Registered Financial Planners (RFP) to ensure they’re qualified financial planners and do your due diligence when choosing one.
In the U.S., only a fiduciary, Oliver explains, has a client’s best interests in mind, which is why some have been found to hawk complicated, high-fee products to innocent investors…
US appeals court skeptical of House claims in stock case
– canadianbusiness.com
NEW YORK, N.Y. – Federal appeals court judges expressed skepticism Monday toward efforts by a powerful committee of the U.S. House of Representatives to shield itself from a regulator’s insider trading probe.
The 2nd U.S. Circuit Court of Appeals heard arguments but did not rule on the House Ways and Means Committee’s appeal. A lower-court judge had determined that the committee must produce documents for an investigation by the Securities and Exchange Commission.
Two judges on a three-judge panel expressed doubts about a lawyer’s claims that the committee and one of its former employees are protected by sovereign immunity.
The SEC is investigating whether secrets were improperly released surrounding an April 2013 announcement by the U.S. Centers for Medicare and Medicaid Services about a Medicare program.
Circuit Judge Richard Wesley questioned why the SEC would not be entitled to investigate whether phone calls made by a Ways and Means staff member led to a leap in the value of Louisville, Kentucky-based health care company Humana Inc…
The 2nd U.S. Circuit Court of Appeals heard arguments but did not rule on the House Ways and Means Committee’s appeal. A lower-court judge had determined that the committee must produce documents for an investigation by the Securities and Exchange Commission.
Two judges on a three-judge panel expressed doubts about a lawyer’s claims that the committee and one of its former employees are protected by sovereign immunity.
The SEC is investigating whether secrets were improperly released surrounding an April 2013 announcement by the U.S. Centers for Medicare and Medicaid Services about a Medicare program.
Circuit Judge Richard Wesley questioned why the SEC would not be entitled to investigate whether phone calls made by a Ways and Means staff member led to a leap in the value of Louisville, Kentucky-based health care company Humana Inc…
B.C. hardwood wholesaler buying U.S. distributor in US$107-million deal
– canadianbusiness.com
CALGARY – A B.C. wholesaler of hardwood lumber, plywood and other products is buying an American rival for US$107 million to gain access to new U.S. markets for its products.
Hardwoods Distribution Inc. (TSX: HWD) of Langley, B.C., said Monday that it is buying most of the assets of Rugby Architectural Building Products from its New Hampshire-based owner.
The deal includes the payment of up to another US$13 million based on future performance.
Rugby operates 31 facilities and employs 560 people in the United States. Its leadership team and employees are expected to remain in place.
Follow @HealingSlowly on Twitter.
The post B.C. hardwood wholesaler buying U.S. distributor in US$107-million deal appeared first on Canadian Business – Your Source For Business News.
Hardwoods Distribution Inc. (TSX: HWD) of Langley, B.C., said Monday that it is buying most of the assets of Rugby Architectural Building Products from its New Hampshire-based owner.
The deal includes the payment of up to another US$13 million based on future performance.
Rugby operates 31 facilities and employs 560 people in the United States. Its leadership team and employees are expected to remain in place.
Follow @HealingSlowly on Twitter.
The post B.C. hardwood wholesaler buying U.S. distributor in US$107-million deal appeared first on Canadian Business – Your Source For Business News.
