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Lisa Hannam on measuring time and money, and more + MORE Nov 1st
Money isn’t just about paycheques, belongings, savings, real estate and investing—it’s all these things and more. With the goal to keep MoneySense.ca an accessible resource to Canadians at all levels of financial literacy, editor-in-chief Lisa Hannam has grown the editorial team, publishing mo.... More »
Economy grew by 0.4% in February as oil sector expanded while real estate shrank May 1st
Canada's gross domestic product grew by 0.4 per cent in February, as 15 of 20 sectors expanded, led by a rebound in oil and gas..... More »
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iPhone 13, AirPods 3: Apple Special Event Confirmed. What The Invite Reveals ForbesApple's iPhone 13 event is on September 14th MobileSyrupApple Event Announced: 'California Streaming' on September 14 With iPhone 13, Apple Watch Series 7... MacRumorsApple Won't Bring.... More »
The smart seller’s secret to reducing capital gains tax in Canada + MORE Jul 18th
For many Canadians, selling a property can come with a surprise: the capital gains tax. Whether it’s a cottage, rental property, or former principal residence, understanding how capital gains are calculated and how a professional appraisal can significantly reduce your tax burden is crucial. .... More »
Mumbai rains LIVE updates: 16 Northern Railway trains cancelled in flood aftermath; several resecheduled - Firstpost Aug 30th
FirstpostMumbai rains LIVE updates: 16 Northern Railway trains cancelled in flood aftermath; several resecheduledFirstpostMaharashtra chief minister Devendra Fadnavis advised offices to let employees leave early and issued similar orders for government staffers, Yuva Sena chief Aaditya Thackeray sai.... More »
Loonie zips above 75 cents US, major stock indexes advance moderately
– canadianbusiness.com
TORONTO – The Canadian dollar zipped back above 75 cents US this morning, gaining more than half a cent.
The loonie was at 75.23 cents US about an hour after the Bank of Canada announced its key interest rate will remain at 0.5 per cent.
The currency had been about even with the previous close of 74.54 cents US shortly before the central bank’s announcement.
Meanwhile, the Toronto Stock Exchange and major U.S. markets were moderately positive this morning.
The S&P/TSX composite index was up 84.97 points or 0.6 per cent at 13,396.02 after 90 minutes of trading.
The Dow Jones industrial average was up 22.16 points or 0.1 per cent at 16,986.26, the broader S&P 500 composite index advanced 5.06 points or 0.3 per cent to 1,984.32 and the Nasdaq composite gained 5.91 points or 0.1 per cent to 4,654.73.
The April crude contract was up $1.50 at US$38 per barrel, and April natural gas was up 4.6 cents at US$1.76 per mmBtu.
The April gold contract fell $8.80 to US$1,254.10 an ounce and May copper contracts rose three cents to US$2…
The loonie was at 75.23 cents US about an hour after the Bank of Canada announced its key interest rate will remain at 0.5 per cent.
The currency had been about even with the previous close of 74.54 cents US shortly before the central bank’s announcement.
Meanwhile, the Toronto Stock Exchange and major U.S. markets were moderately positive this morning.
The S&P/TSX composite index was up 84.97 points or 0.6 per cent at 13,396.02 after 90 minutes of trading.
The Dow Jones industrial average was up 22.16 points or 0.1 per cent at 16,986.26, the broader S&P 500 composite index advanced 5.06 points or 0.3 per cent to 1,984.32 and the Nasdaq composite gained 5.91 points or 0.1 per cent to 4,654.73.
The April crude contract was up $1.50 at US$38 per barrel, and April natural gas was up 4.6 cents at US$1.76 per mmBtu.
The April gold contract fell $8.80 to US$1,254.10 an ounce and May copper contracts rose three cents to US$2…
Caisse looks to India with new office and hire
– theglobeandmail.com
Renewable energy investment is first goal of office being set up in New Delhi by Quebec pension plan
Corus shareholders vote in favour of $2.65-billion Shaw Media purchase
– canadianbusiness.com
TORONTO – A deal for Corus Entertainment to buy the media division of Shaw Communications has received shareholder approval.
According to a statement from Corus, its class B shareholders voted 78.52 per cent in favour of the $2.65-billion acquisition.
The company says the results of Wednesday’s vote still needs to be audited.
One of its minority shareholders had attempted to block the vote but failed to win support from Ontario’s stock regulator.
Through the deal, Corus will acquire the Global Television network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase from Shaw Communications Ltd. (TSX:SJR.B).
Both Corus (TSX:CJR.B), which was spun off from Shaw in 1999, and Shaw Communications, are controlled by the Shaw family through their holdings of class A shares of both companies.
The Ontario Securities Commission ruled Monday that Catalyst Capital Group, a minority shareholder in Corus, had no legal standing to challenge the deal. Catalyst had called on Corus to renegotiate the sale, arguing it overpaid for the assets…
According to a statement from Corus, its class B shareholders voted 78.52 per cent in favour of the $2.65-billion acquisition.
The company says the results of Wednesday’s vote still needs to be audited.
One of its minority shareholders had attempted to block the vote but failed to win support from Ontario’s stock regulator.
Through the deal, Corus will acquire the Global Television network and 19 specialty channels including HGTV Canada, Food Network Canada and Showcase from Shaw Communications Ltd. (TSX:SJR.B).
Both Corus (TSX:CJR.B), which was spun off from Shaw in 1999, and Shaw Communications, are controlled by the Shaw family through their holdings of class A shares of both companies.
The Ontario Securities Commission ruled Monday that Catalyst Capital Group, a minority shareholder in Corus, had no legal standing to challenge the deal. Catalyst had called on Corus to renegotiate the sale, arguing it overpaid for the assets…
How fees impact your investment returns
– moneysense.ca
When it comes to your portfolio’s investment returns, fees matter—a lot. Below, we looked at 10-year returns for $10,000 invested in four different types of TD Canadian equity funds with varying fee structures (known as management expense ratios or MERs), assuming a 6% gross annual rate of return. So which one came out ahead? The low-fee, indexed ETF (MER of 0.05%) performed best, netting you $17,824. The worst? The high-fee, actively managed A-Series mutual fund (MER of 2.18%) netted just $14,548.
Source: Jason Heath, Objective Financial Partners Inc.
The post How fees impact your investment returns appeared first on MoneySense.
Paradigm hires former bulge bracket banker
– theglobeandmail.com
Independent broker committed to full-service model despite ‘down cycle like no other’
