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Nvidia’s stock market value tops $3.3 trillion Jun 20th
Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.
Nvidia has seen soaring demand for its semiconductors, which are used to pow.... More »
Heading Back to the Office? Here’s How Much it Will Cost You Thanks to Inflation + MORE May 26th
Over the last few months, Canadians have slowly started returning to the office—and many more will likely head back soon. Among the adjustments they’ve had to make is getting used to wearing real pants instead of sweatpants, and remembering how to make small talk with co-workers.
And then t.... More »
The Growth Dividend for Workers Nov 3rd
The October jobs report shows the shared gains of a stronger economy..... More »
Best bank accounts for side hustles in Canada 2026 + MORE May 20th
More and more Canadians are learning how to hustle, with an estimated 28% of Canadians taking on short-term or freelance work, according to an H&R Block study. Gig work can be great for supplementing your income or paying for unexpected expenses, but you may want to keep that income separate fro.... More »
HBC says it has strong shareholder support for Rhone Capital investment deal + MORE Nov 27th
Hudson's Bay Co. says shareholders representing almost two-thirds of its outstanding common shares have confirmed their support for the company's deal with Rhone Capital..... More »
Desperately seeking drivers, Uber and Lyft offer car options
– canadianbusiness.com
No car? No problem for ride sharing companies like Uber and Lyft.
These companies are offering rentals, leases and financing deals aimed at getting more drivers on the road. After all, the more drivers they sign up, the more rides are available and the more money they make. But critics say drivers are paying high and even predatory prices.
“The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, chief financial analyst at Bankrate, of Uber’s Xchange leasing program.
The deals have also caught some regulators’ attention. The California Public Utilities Commission is probing whether some of these leasing and renting arrangements run afoul of its requirement that ride share drivers use a “personal vehicle.”
Uber and Lyft say these programs serve people who are eager to work for a ride sharing company but do not have a vehicle or don’t have one that qualifies. Requirements of many traditional leases, such as mileage limits or long-term contracts, don’t work well for their drivers…
These companies are offering rentals, leases and financing deals aimed at getting more drivers on the road. After all, the more drivers they sign up, the more rides are available and the more money they make. But critics say drivers are paying high and even predatory prices.
“The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less,” said Greg McBride, chief financial analyst at Bankrate, of Uber’s Xchange leasing program.
The deals have also caught some regulators’ attention. The California Public Utilities Commission is probing whether some of these leasing and renting arrangements run afoul of its requirement that ride share drivers use a “personal vehicle.”
Uber and Lyft say these programs serve people who are eager to work for a ride sharing company but do not have a vehicle or don’t have one that qualifies. Requirements of many traditional leases, such as mileage limits or long-term contracts, don’t work well for their drivers…
AfroCan mine investment in South Africa falls apart amid dispute
– theglobeandmail.com
Mining minister says gold producer AfroCan should pay for estimated $11-million cost of recovering trapped miners bodies’
A top lesson for investors, RBC's new TSX forecast, and stock picks for the rest of this year
– theglobeandmail.com
A roundup of investment ideas for active investors
Most actively-traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,600.66, up 34.83 points):
Trevali Mining Corp. (TSX:TV). Miner. Up two cents, or 2.22 per cent, to 92 cents on six-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 17 cents, or 2.41 per cent, to $6.87 on 5.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, or 2.19 per cent, to $7.14 on 4.1-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up two cents, or 0.19 per cent, to $10.83 on 3.8-million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.50 per cent, to $9.99 on 3.8-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 10 cents, or 1.50 per cent, to $6.57 on 3.7-million shares.
Companies reporting major news:
Husky Energy Inc. (TSX:HSE). Oil and gas. Up 47 cents, or 3.05 per cent, to $15.89 on 1.4-million shares. Husky Energy Inc. says it made financial progress in the second quarter, but the positive news is being offset by a pipeline leak that has spilled up to 250,000 litres of oil and other material into the North Saskatchewan River…
Toronto Stock Exchange (14,600.66, up 34.83 points):
Trevali Mining Corp. (TSX:TV). Miner. Up two cents, or 2.22 per cent, to 92 cents on six-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 17 cents, or 2.41 per cent, to $6.87 on 5.8-million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 16 cents, or 2.19 per cent, to $7.14 on 4.1-million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up two cents, or 0.19 per cent, to $10.83 on 3.8-million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.50 per cent, to $9.99 on 3.8-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 10 cents, or 1.50 per cent, to $6.57 on 3.7-million shares.
Companies reporting major news:
Husky Energy Inc. (TSX:HSE). Oil and gas. Up 47 cents, or 3.05 per cent, to $15.89 on 1.4-million shares. Husky Energy Inc. says it made financial progress in the second quarter, but the positive news is being offset by a pipeline leak that has spilled up to 250,000 litres of oil and other material into the North Saskatchewan River…
How many beneficiaries can you have?
– moneysense.ca
A reader asked, “Is there is a maximum number of beneficiaries allowed? My mother-in-law’s financial institution told her there is a max of five. But she has seven children and wants them all listed on her accounts, including her TFSA.”Frank Di Pietro, assistant vice-president of tax and estate planning at Mackenzie Investments, tells us the Income Tax Act does not restrict the number of beneficiaries on an account. So, any maximum would depend on the financial institution’s own policies.
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What you need to know about inheritance rights
We asked the Big 5 banks what their policies were. Three got back to us, and we’ll update as needed.
Bank of Nova Scotia: No maximum. “As a general principle, brokerage clients are entitled to designate multiple beneficiaries for their registered accounts,” says Mark Phillips, managing director, Operations & Product Strategy, Scotia iTRADE…
