The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Renters are feeling the pinch nationwide. These 5 charts break it down - CBC.ca Aug 5th
Renters are feeling the pinch nationwide. These 5 charts break it down CBC.caMore Canadians See Real Estate Prices Falling As Market Psychology Shifts: BMO - Better Dwelling Better DwellingRBC forecasts historic real estate market correction, including cottages Cotta.... More »
PS5 Stock Shortages Will Continue Into 2022, Sony Says - Forbes May 11th
PS5 Stock Shortages Will Continue Into 2022, Sony Says ForbesSony warns that PlayStation 5 shortages will continue into 2022: report MobileSyrupReport: Next-Gen PlayStation VR Is Sounding Pretty Impressive KotakuSony Warns PlayStation 5 Supply Could Be Scarce Until 2.... More »
Rail stocks lift TSX, U.S. markets turn up - StarPhoenix + MORE Jul 19th
CP24 Toronto's Breaking NewsRail stocks lift TSX, U.S. markets turn upStarPhoenixThe Toronto stock market closed higher Friday as traders shook off the geopolitical worries that had roiled markets the previous session and refocused on corporate earnings reports. The SP/TSX composite index recovered .... More »
5 personal finance myths you probably still believe + MORE Jul 24th
I get a kick out of the television series Mythbusters. For those of you unfamiliar with the program, each week the show’s stars, Jamie and Adam, try to prove or disprove (busted!) popular myths, adages and urban legends. I mean, how can you not like a show that answers such important questions as .... More »
Capital gains tax when renting out your former principal residence Jul 25th
Ask MoneySense
If a person moves to find work, does not sell their home, and rents in the new location for several years, is the original home subject to capital gains if they sell it? It has been rented out in the interim.
—Hugh
Do you pay capital gains when you rent out a former principal.... More »
Marketing sponsorships relying on blind faith
– theglobeandmail.com
Canadian companies spend billions but don’t invest anything to find out if their investment is paying off
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,125.50, up 11.02 points):
Stornoway Diamond Corp. (TSX:SWY). Miner. Up three cents, or 4.35 per cent, to 72 cents on 7.5 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 10 cents, or 0.25 per cent, to $39.45 on 5.6 million shares.
Raging River Exploration Inc. (TSX:RRX). Oil and gas. Down 27 cents, or 2.70 per cent, to $9.74 on 5.2 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Up 1.5 cents, or 14.29 per cent, to 12 cents on 4.7 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 2.66 per cent, to $3.09 on 4.2 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up five cents or 0.80 per cent, to $6.27 on 3.9 million shares.
Toronto Venture Exchange (1,022.93, up 0.08 points):
Condor Resources Inc. (TSXV:CN). Miner. Up 0.5 cents, or 3.57 per cent, to 14.5 cents on 5.2 million shares.
Petrodorado Energy Ltd. (TSXV:PDQ)…
Toronto Stock Exchange (15,125.50, up 11.02 points):
Stornoway Diamond Corp. (TSX:SWY). Miner. Up three cents, or 4.35 per cent, to 72 cents on 7.5 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 10 cents, or 0.25 per cent, to $39.45 on 5.6 million shares.
Raging River Exploration Inc. (TSX:RRX). Oil and gas. Down 27 cents, or 2.70 per cent, to $9.74 on 5.2 million shares.
Eastern Platinum Ltd. (TSX:ELR). Miner. Up 1.5 cents, or 14.29 per cent, to 12 cents on 4.7 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 2.66 per cent, to $3.09 on 4.2 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up five cents or 0.80 per cent, to $6.27 on 3.9 million shares.
Toronto Venture Exchange (1,022.93, up 0.08 points):
Condor Resources Inc. (TSXV:CN). Miner. Up 0.5 cents, or 3.57 per cent, to 14.5 cents on 5.2 million shares.
Petrodorado Energy Ltd. (TSXV:PDQ)…
Ga. judge grants 2-week trial delay for 3 charged in deadly salmonella outbreak from peanuts
– canadianbusiness.com
Three people charged in a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago will go on trial two weeks later than initially planned, a judge decided Friday.
The decision was a last-minute break for former Peanut Company of America owner Stewart Parnell; his brother and food broker, Michael Parnell; and the peanut plant’s quality control manager, Mary Wilkerson. Jury selection in their trial had been scheduled to start Monday in U.S. District Court in Albany.
Judge W. Louis Sands postponed the trial until July 28. Defence attorneys argued they needed more time to review thousands of pages of evidence they had received from prosecutors since late June.
The judge’s written order wasn’t immediately available Friday evening. Thomas Bondurant, one of Stewart Parnell’s attorneys, and a U.S. attorney’s spokeswoman, Pam Lightsey, both confirmed the judge’s decision.
In 2009, authorities traced salmonella that killed nine people and sickened more than 700 to Peanut Corporation’s plant in Blakely, Georgia…
The decision was a last-minute break for former Peanut Company of America owner Stewart Parnell; his brother and food broker, Michael Parnell; and the peanut plant’s quality control manager, Mary Wilkerson. Jury selection in their trial had been scheduled to start Monday in U.S. District Court in Albany.
Judge W. Louis Sands postponed the trial until July 28. Defence attorneys argued they needed more time to review thousands of pages of evidence they had received from prosecutors since late June.
The judge’s written order wasn’t immediately available Friday evening. Thomas Bondurant, one of Stewart Parnell’s attorneys, and a U.S. attorney’s spokeswoman, Pam Lightsey, both confirmed the judge’s decision.
In 2009, authorities traced salmonella that killed nine people and sickened more than 700 to Peanut Corporation’s plant in Blakely, Georgia…
SAN FRANCISCO – The former head of the nation’s largest pension fund admitted Friday that he took bribes, including hundreds of thousands of dollars stuffed in paper bags and a shoe box, and helped an associate collect millions in a fraudulent investment scheme.
Fred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees’ Retirement System from 2002 to 2008.
In his plea agreement, Buenrostro said that in exchange for his help Alfred Villalobos, a former CalPERS board member, took him on a trip around the world, gave him casino chips and paid for his wedding in Lake Tahoe, California.
Villalobos denied the allegations through his attorney Friday.
Buenrostro’s guilty plea arises from a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from a California pension system that controls $300 billion…
Fred Buenrostro Jr. pleaded guilty in San Francisco federal court to fraud and bribery charges stemming from his time as chief executive of the California Public Employees’ Retirement System from 2002 to 2008.
In his plea agreement, Buenrostro said that in exchange for his help Alfred Villalobos, a former CalPERS board member, took him on a trip around the world, gave him casino chips and paid for his wedding in Lake Tahoe, California.
Villalobos denied the allegations through his attorney Friday.
Buenrostro’s guilty plea arises from a yearslong investigation into the role of money-management firm middlemen, called placement agents, in helping clients win investment business from a California pension system that controls $300 billion…
Head of US agency Pension Benefit Guaranty Corp resigning; Gotbaum longest-serving PBGC head
– canadianbusiness.com
WASHINGTON – The federal agency that insures company pensions for more than 40 million Americans says its top official is resigning.
Joshua Gotbaum, a former investment banker, was appointed by President Barack Obama as director of the Pension Benefit Guaranty Corp. in July 2010. That makes him the longest-serving head of the agency in its history, the PBGC said in a news release Friday. During his tenure the agency’s deficit — the gap between pension obligations and assets available to cover them — widened to about $34 billion as the weak economy triggered more corporate bankruptcies and failed pension plans.
Gotbaum will step down in August, the agency said. No further information was given, and agency spokesmen didn’t immediately return a message requesting it.
Gotbaum said in a letter to the PBGC staff that with three children in college, he had promised his wife he would return to the private sector, according to reports Friday in The Wall Street Journal and other publications…
Joshua Gotbaum, a former investment banker, was appointed by President Barack Obama as director of the Pension Benefit Guaranty Corp. in July 2010. That makes him the longest-serving head of the agency in its history, the PBGC said in a news release Friday. During his tenure the agency’s deficit — the gap between pension obligations and assets available to cover them — widened to about $34 billion as the weak economy triggered more corporate bankruptcies and failed pension plans.
Gotbaum will step down in August, the agency said. No further information was given, and agency spokesmen didn’t immediately return a message requesting it.
Gotbaum said in a letter to the PBGC staff that with three children in college, he had promised his wife he would return to the private sector, according to reports Friday in The Wall Street Journal and other publications…
