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Here’s the latest as the U.S. imposes tariffs on goods from Canada and Mexico Mar 4th
President Donald Trump today imposed tariffs on imports from Canada and Mexico.
The president’s executive order hitting Canada and Mexico with 25% across-the-board tariffs, with a lower 10% levy on Canadian energy, took effect at 12:01 a.m. ET.
At a news conference in Ottawa, Prime Minister .... More »
Bank of Montreal beats estimates with higher quarterly profit, boosts dividend - The Globe and Mail May 28th
Bank of Montreal beats estimates with higher quarterly profit, boosts dividend The Globe and MailView Full Coverage on Google News.... More »
CRA's Panama Papers raids targeted oilpatch fixer with half-dozen offshore companies - CBC.ca May 4th
CBC.caCRA's Panama Papers raids targeted oilpatch fixer with half-dozen offshore companiesCBC.caAn Alberta businessman who has quietly been teeing up hundreds of millions of dollars in deals for Chinese investors to buy oilpatch assets is the first person known to be targeted by the Canada Reve.... More »
The best GIC rates in Canada for 2025 + MORE Jun 23rd
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
Making sense of the markets this week: April 17 + MORE Apr 14th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
If a TFSA and an RRSP had a child: The new FHSA
As part of the 2022 budget, the government unveiled its new tax-free first home savings account.... More »
Marijuana company Aphria met with TSX about guidance regarding U.S. business
– canadianbusiness.com
Marijuana producer Aphria Inc. says it met with the Toronto Stock Exchange last week to discuss the exchange’s recent guidance that pot firms with U.S. exposure could face delisting.
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the TSX as it continues to monitor developments in this sector.
He noted that Aphria has not received notice from the TSX of a continued listing review.
Aphria (TSX:APH) has investments in Florida and Arizona.
The TMX Group, which operates the Toronto Stock Exchange, warned companies earlier this month that U.S. federal marijuana laws takes precedence over state laws.
It said that companies doing business that violates the federal law are not complying with their listing requirements.
Last week, Neufeld said he wanted to remain listed on the TSX and had no plans to move to the smaller marijuana stock-friendly Canadian Securities Exchange.
Neufeld has said that if the company cannot reach a compromise, there are options, including a spin-off of its U…
Aphria chief executive Vic Neufeld says the company reiterated its commitment to work collaboratively with the TSX as it continues to monitor developments in this sector.
He noted that Aphria has not received notice from the TSX of a continued listing review.
Aphria (TSX:APH) has investments in Florida and Arizona.
The TMX Group, which operates the Toronto Stock Exchange, warned companies earlier this month that U.S. federal marijuana laws takes precedence over state laws.
It said that companies doing business that violates the federal law are not complying with their listing requirements.
Last week, Neufeld said he wanted to remain listed on the TSX and had no plans to move to the smaller marijuana stock-friendly Canadian Securities Exchange.
Neufeld has said that if the company cannot reach a compromise, there are options, including a spin-off of its U…
Self-made millionaire assessment guide
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
Self-made millionaire assessment guide Courtesy of this article, there are apparently seven habits most self-made millionaires employ to build their wealth. From the study conducted, there are two types of self-made millionaires: Risk-Takers and Savers. Builders, entrepreneurs, and aggressive investors (in stocks or real estate for example) fall into the Risk-Taker category. Risk-Takers can be…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Self-made millionaire assessment guide is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
Self-made millionaire assessment guide Courtesy of this article, there are apparently seven habits most self-made millionaires employ to build their wealth. From the study conducted, there are two types of self-made millionaires: Risk-Takers and Savers. Builders, entrepreneurs, and aggressive investors (in stocks or real estate for example) fall into the Risk-Taker category. Risk-Takers can be…
We’re halfway there! Saving and investing our way to a million dollar portfolio. The article Self-made millionaire assessment guide is exclusive to My Own Advisor. Make sure you check out My Own Advisor Dividends, Indexing and Deals pages to save hundreds or thousands of dollars every year. All Rights Reserved.
40% of Canadians say they’ll be in trouble if rates rise
– moneysense.ca
TORONTO — Four in 10 Canadians say that if interest rates rise any further they fear they will be in financial trouble, a new poll suggests.
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
READ: Why the Bank of Canada hiked interest rates
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits — especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
READ: Why the Bank of Canada hiked interest rates
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits — especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18
– canadianbusiness.com
Stelco Holdings Inc. is looking to raise $200 million in its initial public offering, according to documents filed with securities regulators.
The steelmaker is expecting to price its shares between $16 and $18 per share. If an over-allotment option is exercised in full, the offering will increase to $230 million.
Stelco announced its intention to return to the stock market last month with plans to spend the money raised to fund capital expenditures and pension obligations.
The IPO comes after two restructurings under court protection from creditors, the most recent completed this past summer.
Bedrock Industries acquired the company’s operations in the most recent process and restored the Stelco name.
It is expected to hold a roughly 86.5 per cent interest in the company following the offering, based on the midpoint of the estimated price range for the shares. If the over-allotment option is exercised in full, the stake will be 84.8 per cent.
The post Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18 appeared first on Canadian Business – Your Source For Business News.
The steelmaker is expecting to price its shares between $16 and $18 per share. If an over-allotment option is exercised in full, the offering will increase to $230 million.
Stelco announced its intention to return to the stock market last month with plans to spend the money raised to fund capital expenditures and pension obligations.
The IPO comes after two restructurings under court protection from creditors, the most recent completed this past summer.
Bedrock Industries acquired the company’s operations in the most recent process and restored the Stelco name.
It is expected to hold a roughly 86.5 per cent interest in the company following the offering, based on the midpoint of the estimated price range for the shares. If the over-allotment option is exercised in full, the stake will be 84.8 per cent.
The post Stelco looking to raise $200 million in IPO, pricing shares between $16 and $18 appeared first on Canadian Business – Your Source For Business News.
4 in 10 say if interest rates rise they could be in financial trouble: poll
– canadianbusiness.com
Four in 10 Canadians say that if interest rates rise any further they fear they will be in financial trouble, a new poll suggests.
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits _ especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
The survey conducted for insolvency firm MNP Ltd. also found one in three Canadians say they are already feeling the effects of increasing interest rates.
“It’s clear that people are nowhere near prepared for a higher rate environment,” MNP president Grant Bazian said in a statement Monday.
“The good news is that there seems to be at least the acknowledgment now that rates are going to climb which might make people reassess their spending habits _ especially using credit.”
The results of the survey, conducted online by Ipsos for MNP between Sept. 18 and Sept. 21, comes after the Bank of Canada raised its key interest rate target twice this year. The moves by the central bank in turn prompted the big banks to raise their prime lending rate, pushing up the cost of variable-rate mortgages and other loans such as home equity lines of credit that are tied to the benchmark rate…
