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How prorogation will impact capital gains tax changes in Canada + MORE Jan 6th
Justin Trudeau’s decision to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.
The changes would raise the portion of capital gains on which companies .... More »
Apple is booting headphones from competitors like Sonos and Bose out of its stores - Business Insider - Business Insider Oct 6th
Apple is booting headphones from competitors like Sonos and Bose out of its stores - Business Insider Business InsiderApple stops selling rival earphones, speakers ahead of launches BNNApple quietly stops selling Bose, Sonos and some Logitech gear — only Apple audio remains&n.... More »
Sears Canada board members have earned more than $600K since retailer's demise — and are still being paid Aug 2nd
The law firm representing former employees will appear in court this month to aruge that Sears' Canada's board of directors is a financial drain and should be disbanded..... More »
Making sense of the markets this week: August 6, 2023 Aug 4th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
Amazon primes the profit pump
Big tech finished earnings season with a bang on Thursday as Amazon absolutely crushed earnings expec.... More »
Do you need a planner if you’re a DIY investor? May 21st
In today’s digital age, there’s an increasing number of Canadians who choose do-it-yourself investing. Online brokerages and low-cost trading platforms allowed for a new style of investing to emerge: a new generation of DIYers. We’ve seen a shift in the financial planning industry. Well, self-.... More »
The close: U.S. stocks see largest drop in more than two months
– theglobeandmail.com
But TSX posts modest gains with the help of resource sector
Volkswagen Financial acquires Vancouver based PayByPhone
– canadianbusiness.com
Vancouver-based parking payment company PayByPhone has been acquired by Volkswagen Financial Services AG.
Terms of the deal were not disclosed.
Founded in 2001, PayByPhone bills itself as one of the fastest growing mobile payments companies in the world, processing more than $250 million in payments annually.
PayByPhone says its mobile web, smartphone and smartwatch applications are used by more than 12.5 million registered users around the world in such cities as Paris, London, San Francisco, Massachusetts and Boston.
A news release issued by both companies says PayByPhone is adding about 7,000 users per day.
Volkswagen Financial Services AG, a division of Germany-based Volkswagen Group, says the acquisition positions it as a clear leader in mobile payments and parking sectors.
“This is a tremendous opportunity for PayByPhone to explore new ways to expand our mobile payments technology,” said PayByPhone CEO Kush Parikh.
“The mobile payment movement has exploded recently, and we look forward to accelerating our consumer parking and payments agenda made possible by this deal…
Terms of the deal were not disclosed.
Founded in 2001, PayByPhone bills itself as one of the fastest growing mobile payments companies in the world, processing more than $250 million in payments annually.
PayByPhone says its mobile web, smartphone and smartwatch applications are used by more than 12.5 million registered users around the world in such cities as Paris, London, San Francisco, Massachusetts and Boston.
A news release issued by both companies says PayByPhone is adding about 7,000 users per day.
Volkswagen Financial Services AG, a division of Germany-based Volkswagen Group, says the acquisition positions it as a clear leader in mobile payments and parking sectors.
“This is a tremendous opportunity for PayByPhone to explore new ways to expand our mobile payments technology,” said PayByPhone CEO Kush Parikh.
“The mobile payment movement has exploded recently, and we look forward to accelerating our consumer parking and payments agenda made possible by this deal…
B.C. minister predicts LNG project decision by mid-2017
– macleans.ca
VICTORIA – British Columbia’s minister of natural gas development is offering an optimistic prediction about the future of the proposed $36-billion Pacific NorthWest LNG project on B.C.’s northern coast.
Rich Coleman says a decision on the development near Prince Rupert could come within the first six months of 2017.
Coleman says he is very familiar with the development’s design and tendering process and he anticipates several more meetings by mid-January with officials from Petronas, the project’s majority owner.
Low commodity prices have delayed an investment decision and Petronas said in October that it was reviewing the development and its conditions before moving forward.
Coleman agrees challenges remain, but says markets in China and Japan are prepared to buy liquefied natural gas from B.C.
The project, which includes a pipeline and terminal proposed for Lelu Island near Prince Rupert, received conditional approval from the federal government in September allowing for shipments of up to 19 million tonnes of liquefied gas to Asian markets annually…
Rich Coleman says a decision on the development near Prince Rupert could come within the first six months of 2017.
Coleman says he is very familiar with the development’s design and tendering process and he anticipates several more meetings by mid-January with officials from Petronas, the project’s majority owner.
Low commodity prices have delayed an investment decision and Petronas said in October that it was reviewing the development and its conditions before moving forward.
Coleman agrees challenges remain, but says markets in China and Japan are prepared to buy liquefied natural gas from B.C.
The project, which includes a pipeline and terminal proposed for Lelu Island near Prince Rupert, received conditional approval from the federal government in September allowing for shipments of up to 19 million tonnes of liquefied gas to Asian markets annually…
Manitoba Crown corporations, communications jobs need trimming: premier
– canadianbusiness.com
Manitoba’s Crown corporations, especially their communications departments, seem next in line for Premier Brian Pallister’s cost-cutting efforts.
In a year-end interview with The Canadian Press, Pallister touted his 2016 measures to reduce spending in government — cutting the number of cabinet ministers by one-third, eliminating some civil service management jobs, and starting a value-for-money audit of programs and services.
The core government is just the beginning, he said.
“We’re starting on core but we’ll move to Crowns. And the Crowns, because of the nature of monopoly delivery systems, they’re not subject to the same checks and balances that Great West Life or Ikea has to deal with.
“So because of that, they get really big in the middle and at the top.”
Of the province’s big three Crown corporations — Manitoba Hydro, Manitoba Liquor and Lotteries and Manitoba Public Insurance — Manitoba Hydro is facing the biggest financial challenge…
In a year-end interview with The Canadian Press, Pallister touted his 2016 measures to reduce spending in government — cutting the number of cabinet ministers by one-third, eliminating some civil service management jobs, and starting a value-for-money audit of programs and services.
The core government is just the beginning, he said.
“We’re starting on core but we’ll move to Crowns. And the Crowns, because of the nature of monopoly delivery systems, they’re not subject to the same checks and balances that Great West Life or Ikea has to deal with.
“So because of that, they get really big in the middle and at the top.”
Of the province’s big three Crown corporations — Manitoba Hydro, Manitoba Liquor and Lotteries and Manitoba Public Insurance — Manitoba Hydro is facing the biggest financial challenge…
