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Stock news: Dividend hikes, earnings results, and what moved Canadian stocks this week + MORE Feb 6th
Here’s a round-up of news for Canadian investors this week.
Suncor
ATS
Brookfield
Thomson Reuters
BCE
Canada Goose
Featured RRSP Accounts
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EQ Bank
Build your r.... More »
65% of couples don’t talk money before marriage + MORE Aug 4th
TORONTO – A new CIBC survey suggests nearly all couples believe it’s important to have a serious joint discussion about finances before getting hitched or moving in together — but only about a third will actually do so.
The study found that 35 per cent of committed partners who plan to marry o.... More »
Married with money: How to combine finances with your partner + MORE Jan 24th
If you’re in a relationship, the topic of money will eventually come up. Since the pandemic started, couples have spent more time talking about money, according to a 2021 RBC poll. Almost half—47%—identified finances as one of the biggest stressors in their relationship. One U.S. study found t.... More »
Auto parts giant Magna earns US$558 million in Q2 + MORE Aug 5th
AURORA, Ont. – Magna International Inc. (TSX:MG) is reporting net income of US$558 million in the second quarter, a slight improvement for the Canadian auto parts giant compared with the same quarter a year ago.
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted.... More »
The best gas credit cards in Canada for 2024 + MORE Nov 15th
We break down the top credit cards in the country that’ll help you save at the pump—with either cash back or rewards points.
Top 3 gas credit cards
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.... More »
Capital gains when selling property to family
– moneysense.ca
Q: Do I have to pay income tax if I inherited a property jointly with my sister and she bought me out for less than half the appraised value of the property?—Johanna
A: Asset sales between family members can be tricky to facilitate at a family level, let alone from a tax perspective. There are tax implications to be aware of here, Johanna.
First, a primer on how capital gains tax works. For real estate, it’s based on the sale price, less selling costs, less capital improvements made to the property, less your adjusted cost base (ACB) or acquisition cost.
Fifty percent of a capital gain is taxable and is added to your other sources of income for the tax year. A large capital gain—for example, on a piece of real estate—can easily push you into a higher tax bracket.
There are nuances related to real estate like whether or not a property might qualify as a principal residence, whether a capital gains exemption was declared in 1994 if you inherited prior to that and so on that you also need to consider…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,867.28, up 147.46 points):
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.04, or 8.46 per cent, to $13.34 on 12.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.20, or 15.73 per cent, to $8.83 on 12.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 42 cents, or 4.91 per cent, to $8.97 on 7.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.62 per cent, to $5.89 on 7.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 4.49 per cent, to $5.58 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up eight cents, or 5.10 per cent, to $1.65 on 7.5 million shares.
Companies reporting major news:
Rogers Communications Inc. (TSX:RCI.B). Telecom. Down 93 cents or 1.85 per cent to $49.27 on 1.6 million shares. In a statement issued Monday after markets closed, Rogers reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business…
Toronto Stock Exchange (13,867.28, up 147.46 points):
Teck Resources Ltd. (TSX:TCK.B). Miner. Up $1.04, or 8.46 per cent, to $13.34 on 12.7 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.20, or 15.73 per cent, to $8.83 on 12.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 42 cents, or 4.91 per cent, to $8.97 on 7.8 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 26 cents, or 4.62 per cent, to $5.89 on 7.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 24 cents, or 4.49 per cent, to $5.58 on 7.7 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up eight cents, or 5.10 per cent, to $1.65 on 7.5 million shares.
Companies reporting major news:
Rogers Communications Inc. (TSX:RCI.B). Telecom. Down 93 cents or 1.85 per cent to $49.27 on 1.6 million shares. In a statement issued Monday after markets closed, Rogers reported lower year-over-year profits in the first quarter, citing among other reasons higher restructuring costs and an increase in the adjusted operating loss of its traditional media business…
Loonie hits highest level since last July
– canoe.ca
A big bounce in energy prices and strength in metals sent the Canadian dollar soaring Tuesday to its highest level since last summer, while the Toronto stock market saw a triple-digit gain.
Shares in Netflix were down by about 9 per cent in pre-market trading Tuesday as investors digested the company’s latest quarterly earnings.
US stock indexes close mostly higher; oil price rebounds
– canadianbusiness.com
U.S. stocks closed mostly higher on Tuesday, led by gains in energy, mining and financial companies.
The Dow Jones industrial average and the Standard & Poor’s 500 index eked out small gains. The tech-heavy Nasdaq composite closed modestly lower, reflecting a slump in technology stocks, which were dragged down by Netflix and IBM.
The gains in energy and mining companies came as prices for oil, copper and other basic materials rose.
Investors were mostly focused on the latest batch of corporate earnings and on what company managers have to say about their prospects for growing profits this year.
“The market is focused on where we are going to be three months from now, five months from now,” said Quincy Krosby, market strategist at Prudential Financial. “It’s all about the guidance, and it’s also all about what companies are doing to beat on the bottom line.”
The Dow rose 49.44 points, or 0.3 per cent, to 18,053.60. The S&P 500 index gained 6…
The Dow Jones industrial average and the Standard & Poor’s 500 index eked out small gains. The tech-heavy Nasdaq composite closed modestly lower, reflecting a slump in technology stocks, which were dragged down by Netflix and IBM.
The gains in energy and mining companies came as prices for oil, copper and other basic materials rose.
Investors were mostly focused on the latest batch of corporate earnings and on what company managers have to say about their prospects for growing profits this year.
“The market is focused on where we are going to be three months from now, five months from now,” said Quincy Krosby, market strategist at Prudential Financial. “It’s all about the guidance, and it’s also all about what companies are doing to beat on the bottom line.”
The Dow rose 49.44 points, or 0.3 per cent, to 18,053.60. The S&P 500 index gained 6…
