New IMF report warns of Canada’s high debt levels + MORE Oct 12th

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Reader Questions – How I built my dividend portfolio + MORE Mar 4th

Save, invest, prosper with My Own Advisor. Reader Questions – How I built my dividend portfolio Thanks good readers, I appreciate hearing from you and receiving your saving and investing questions. If you’ve been following My Own Advisor for a while you’ll know I’m a hybrid investor. I.... More »

Great Canadian Gaming and Clairvest win Ontario casino deal + MORE Dec 19th

TORONTO _ Great Canadian Gaming Corp. and Clairvest Group Inc. have been chosen to operate and develop four Ontario Lottery and Gaming Corp. facilities west of Toronto. Shares in Great Canadian (TSX:GC) gained more than 10 per cent following the announcement, trading up $4.23 at $34.12 on the Toront.... More »
 real estate

CEO Suzanne West vows to pursue greener path after oil firm splits with backers + MORE Nov 25th

CALGARY _ One of the few female CEOs in the Canadian oilpatch says she is looking forward to creating a “clean hydrocarbons” company after she parted ways with the American financial backers of her oil and gas producing firm. Suzanne West said Friday her company, Imaginea Energy Corp., h.... More »

Copper Ridge students from Baie Verte jam out at School Stock - The Western Star Apr 11th

The Western StarCopper Ridge students from Baie Verte jam out at School StockThe Western StarBaie Verte, NL – Fourteen students from Copper Ridge Academy in Baie Verte were among the 70 students, and approximately 40 acts, at SchoolStock 2018 at Jane Collins Academy in Hare Bay on March 29. Aiden .... More »

Trump administration takes another swipe at 'Obamacare' - Ottawa Citizen + MORE Jul 8th

Charlotte ObserverTrump administration takes another swipe at 'Obamacare'Ottawa CitizenWASHINGTON — The Trump administration is freezing payments under an “Obamacare” program that protects insurers with sicker patients from financial losses, a move expected to add to premium increase.... More »
DesRosiers Automotive Consultants said Wednesday that capital spending for Canada’s motor vehicle assembly industry has averaged $1.2-billion a year for 2010-17, down from $2.3-billion from 2000 to 2009

Continue Reading On theglobeandmail.com »

TORONTO _ A new stress test for all uninsured mortgages is unnecessary and could increase costs for homebuyers, a report by the Fraser Institute said Wednesday.
Study author Neil Mohindra wrote the proposed stress test “will do more harm than good” by limiting access to mortgages for some homebuyers.
“The mandatory standard for stress testing could result in a less competitive and more concentrated mortgage market,” he wrote in the report.
The study comes as the federal Office of the Superintendent of Financial Institutions finalizes new lending guidelines.
Among the changes being contemplated is a requirement that homebuyers who have a down payment of 20 per cent or more and do not require mortgage insurance still have to show they can make their payments if interest rates rise.
The head of OSFI has said that Canada’s banking regulator wants to reduce the risk of mortgage defaults because of high levels of household debt.
“We are not waiting to see those risks crystallize in rising arrears and defaults before we act,” OSFI head Jeremy Rudin said last week…

Continue Reading On canadianbusiness.com »

MONTREAL _ The head of one of the companies offering financing for taxi permits in Montreal insists there is still a market for the much-devalued commodity.
The price of a permit has decreased almost 40 per cent since Uber began operating in Quebec about four years ago, according to the province’s Transport Department.
Michel Hebert’s company, FinTaxi, is doing what it can to prop up the market by refusing to finance permits at a value below $110,000 _ regardless of how much a seller is willing to offer.
“We think the value of the taxi permit is higher than $110,000,” Hebert said in an interview. “And we are keeping that base.”
FinTaxi is wholly owned by the Fonds de solidarite FTQ, a massive investment fund with ties to the province’s largest labour federation, which counts the taxi drivers’ union among its members.
Organized labour in Quebec doesn’t only have a vested interest in the future of the government-controlled taxi system to save jobs _ there are tens of millions of dollars on the line for the Fonds FTQ if the permit market goes bust…

Continue Reading On canadianbusiness.com »

OTTAWA _ Shopify Inc.’s chief executive says he’ll push back against a short-seller’s report questioning the company’s business model during the release of their next financial results.
Company CEO Tobias Lutke tweeted that he looks forward to the next earnings call, expected in early November, where he’ll address the “short-selling troll” targeting Shopify.
He further tweeted that “the irony of an outfit like Citron accusing any business of being a get-rich-quick scheme should not be lost on anyone.”
Last week, short-seller Citron Research released a report claiming Ottawa-based Shopify was running what it called an overvalued get-rich-quick scheme, sending the stock down from near $150 a share to around $112 a share on Tuesday.
The stock regained a bit of ground by mid-day Wednesday, up $4 to $119.76 for a 3.5 per cent gain for the day.
Ottawa-based Shopify posted a defence of its business model to its website last Thursday, but didn’t specifically refer to allegations published by Andrew Left of Citron Research…

Continue Reading On canadianbusiness.com »

New IMF report warns of Canada’s high debt levelsIn the new report, the International Monetary Fund says these dynamics in Canada’s private non-financial sector leaves its economy more sensitive to tighter financial conditions.

Continue Reading On thestar.com »

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