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Millennials Could Be Hit Hardest by the Bank of Canada’s Interest Rate Hike Jun 1st
Canadians, get ready to pay more to borrow money: The Bank of Canada, or BoC, announced a 0.50 per cent interest rate hike today to tame inflation, bringing its key interest rate up to 1.5 per cent, and signalled more hikes will come.
After slashing its key interest rate to 0.25 per cent at the o.... More »
Your ultimate guide to the top sustainable investment funds Feb 5th
Corporate Knights ranked over 700 mutual funds and ETFs through a sustainability lens. Here are the top scorers.... More »
Making sense of the markets this week: January 14, 2024 Jan 12th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
2023 asset returns versus the last 10 years
As we enter the New Year and investing columnists write their prediction col.... More »
Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting - The Globe and Mail May 3rd
Warren Buffett says U.S. shouldn’t use ‘trade as a weapon’ as Berkshire Hathaway holds meeting The Globe and MailWarren Buffett says ‘trade should not be a weapon’ at annual Berkshire meeting CNNLive: Berkshire Hathaway Earnings and Annual Meeting Bloomberg.... More »
Average house price in Canada falls 5.5% to $455K compared to a year ago + MORE Feb 15th
The average price of a Canadian home has fallen by 5.5 per cent to $455,000 over the past 12 months, the Canadian Real Estate Association said Friday..... More »
Canadian drillers moving rigs south to chase better prospects in Texas oilfields
– canadianbusiness.com
CALGARY _ A growing number of Canadian drilling rigs are being moved south of the border to take advantage of brighter prospects for oil and gas in the United States _ and observers say it’s unlikely they will ever return home.
A week ago, Calgary-based Akita Drilling Ltd. announced it would enter the U.S. market by moving a rig from Western Canada into the prolific Permian Basin in West Texas. It said it is looking at moving more rigs south.
Meanwhile, Calgary-based Trinidad Drilling Ltd. has announced it will move two idle drilling rigs from Western Canada to the same Texas oilfield, noting the move will boost its U.S. fleet to 69 rigs compared with 68 in Canada.
Trinidad’s American customers are so eager to hire Canadian rigs they are willing to help pay relocation costs, CEO Brent Conway said in an interview on Tuesday, adding he would rather avoid the headaches of a move if he could find profitable work in Canada.
He said the investment climate in the U.S. makes him doubtful the rigs will ever return…
A week ago, Calgary-based Akita Drilling Ltd. announced it would enter the U.S. market by moving a rig from Western Canada into the prolific Permian Basin in West Texas. It said it is looking at moving more rigs south.
Meanwhile, Calgary-based Trinidad Drilling Ltd. has announced it will move two idle drilling rigs from Western Canada to the same Texas oilfield, noting the move will boost its U.S. fleet to 69 rigs compared with 68 in Canada.
Trinidad’s American customers are so eager to hire Canadian rigs they are willing to help pay relocation costs, CEO Brent Conway said in an interview on Tuesday, adding he would rather avoid the headaches of a move if he could find profitable work in Canada.
He said the investment climate in the U.S. makes him doubtful the rigs will ever return…
North American markets stop major slide as oil prices and loonie gain ground
– canadianbusiness.com
TORONTO _ North American stocks markets pulled back from their recent significant losses, as oil prices gained ground and the U.S. Federal Reserve said it was leaving its key interest rate unchanged.
The Toronto Stock Exchange’s S&P/TSX composite index edged back 3.84 points to 15,951.67, after losing about 284 points in the previous two trading sessions.
In New York, the Dow Jones industrial average was up 72.50 points to 26,149.39. The S&P 500 index was up 1.38 points to 2,823.81 and the Nasdaq composite index was up 9.00 points to 7,411.48.
On Tuesday, Wall Street had slumped to its worst loss since August.
The Canadian dollar closed at an average trading value of 81.35 cents US, up 0.23 of a U.S. cent.
The March crude contract was up 23 cents to US$64.73 per barrel and the March natural gas contract was down 20 cents to US$3.00 per mmBTU.
The April gold contract was up US$3.10 to US$1,343.10 an ounce and the March copper contract was up one cent to US$3.20 a pound.
The post North American markets stop major slide as oil prices and loonie gain ground appeared first on Canadian Business – Your Source For Business News.
The Toronto Stock Exchange’s S&P/TSX composite index edged back 3.84 points to 15,951.67, after losing about 284 points in the previous two trading sessions.
In New York, the Dow Jones industrial average was up 72.50 points to 26,149.39. The S&P 500 index was up 1.38 points to 2,823.81 and the Nasdaq composite index was up 9.00 points to 7,411.48.
On Tuesday, Wall Street had slumped to its worst loss since August.
The Canadian dollar closed at an average trading value of 81.35 cents US, up 0.23 of a U.S. cent.
The March crude contract was up 23 cents to US$64.73 per barrel and the March natural gas contract was down 20 cents to US$3.00 per mmBTU.
The April gold contract was up US$3.10 to US$1,343.10 an ounce and the March copper contract was up one cent to US$3.20 a pound.
The post North American markets stop major slide as oil prices and loonie gain ground appeared first on Canadian Business – Your Source For Business News.
Federal centre flags signs of cash linked to fentanyl scourge in new alert
– canadianbusiness.com
OTTAWA _ Traffickers are exploiting Canadian money service businesses to buy deadly fentanyl from overseas and then launder the proceeds through banks and credit unions, warns the national financial intelligence agency.
The federal Financial Transactions and Reports Analysis Centre is issuing a detailed operational alert to help businesses detect and report suspicious dealings that may be linked to illicit fentanyl, an opioid that is wreaking havoc across Canada.
The alert, which lists specific signs of fentanyl-related activity, was developed through Fintrac’s analysis of intelligence in consultation with Canadian financial institutions and the RCMP.
It is intended to support a broader anti-fentanyl initiative, Project Guardian, led by Fintrac, major bank CIBC and Canadian law-enforcement agencies. CIBC is hosting a meeting of the various players Thursday in Toronto.
The opioid problem is not limited to large cities, noted Bob Kapur, deputy chief anti-money laundering officer at CIBC…
The federal Financial Transactions and Reports Analysis Centre is issuing a detailed operational alert to help businesses detect and report suspicious dealings that may be linked to illicit fentanyl, an opioid that is wreaking havoc across Canada.
The alert, which lists specific signs of fentanyl-related activity, was developed through Fintrac’s analysis of intelligence in consultation with Canadian financial institutions and the RCMP.
It is intended to support a broader anti-fentanyl initiative, Project Guardian, led by Fintrac, major bank CIBC and Canadian law-enforcement agencies. CIBC is hosting a meeting of the various players Thursday in Toronto.
The opioid problem is not limited to large cities, noted Bob Kapur, deputy chief anti-money laundering officer at CIBC…
2018 Predictions
– myownadvisor.ca
Save, invest, prosper with My Own Advisor.
2018 Predictions Well, here we are…another round of personal finance and investing predictions (along with some other predictions) – just for fun. For the last few years I’ve made some financial predictions by looking into my cloudy crystal ball. Here is a post about last year’s predictions and results – I was happy to report…
My Own Advisor is on his way to owning a million dollar portfolio. The article 2018 Predictions is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
2018 Predictions Well, here we are…another round of personal finance and investing predictions (along with some other predictions) – just for fun. For the last few years I’ve made some financial predictions by looking into my cloudy crystal ball. Here is a post about last year’s predictions and results – I was happy to report…
My Own Advisor is on his way to owning a million dollar portfolio. The article 2018 Predictions is exclusive to My Own Advisor. Make sure you visit My Own Advisor Deals to save hundreds or thousands of dollars every year. All Rights Reserved.
Senators push for stronger legislation for boosting diversity on boards
– canadianbusiness.com
OTTAWA _ The Liberals should toughen up proposed legislation aimed at boosting diversity on corporate boards at publicly traded companies if they want it to be effective, says a group of senators pushing for the change.
“We want it to mean something,” said Sen. Ratna Omidvar, who was named to the upper chamber in 2016 by Prime Minister Justin Trudeau and represents Ontario as an Independent.
Senators are expected this week to debate Bill C-25, which would, among other things, amend the Canadian Business Corporations Act to require publicly traded companies to disclose the number of women _ and others from equity-seeking groups, such as visible minorities _ on their corporate boards and in senior management, as well as their policies on diversity.
Failure to do so would require companies to explain themselves to their shareholders.
The Canadian Business Corporations Act affects nearly 270,000 companies, but the proposed changes would affect only those that also issue shares and report to a securities commission, which would include about 600 companies on the Toronto Stock Exchange…
“We want it to mean something,” said Sen. Ratna Omidvar, who was named to the upper chamber in 2016 by Prime Minister Justin Trudeau and represents Ontario as an Independent.
Senators are expected this week to debate Bill C-25, which would, among other things, amend the Canadian Business Corporations Act to require publicly traded companies to disclose the number of women _ and others from equity-seeking groups, such as visible minorities _ on their corporate boards and in senior management, as well as their policies on diversity.
Failure to do so would require companies to explain themselves to their shareholders.
The Canadian Business Corporations Act affects nearly 270,000 companies, but the proposed changes would affect only those that also issue shares and report to a securities commission, which would include about 600 companies on the Toronto Stock Exchange…
