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$4.6-billion power station to supply data centre near Edmonton gets green light - Financial Post Jul 2nd
$4.6-billion power station to supply data centre near Edmonton gets green light Financial PostCounty north of Edmonton approved to host energy generator for potential AI data centre CTV NewsPembina, partners go ahead with gas plant for data centre north of Edmonton C.... More »
B.C. trade mission trip to China derailed in wake of Huawei executive's arrest Dec 9th
China's foreign ministry called in the U.S. ambassador on Sunday to lodge a "strong protest" over the arrest in Canada of Huawei Technologies Co. Ltd.'s chief financial officer. China also cancelled meetings for a B.C. trade mission..... More »
What’s New with Bitcoin? Jul 3rd
Bitcoin Projections Skyrocketing
Those who routinely invest in Bitcoin or use the world’s most popular digital currency as a means for online transactions understand that it is being adopted like never before. More and more online retailers are warming to the idea of accepting Bitcoin as an even .... More »
Two Ways to Invest in Commercial Real Estate Oct 14th
Are you curious about investing in commercial real estate? This article will explain two ways you can get started.
Brick and Mortar Investing
This method is the traditional way to invest in commercial property – to purchase a property that will generate income for you, whether you conduct busi.... More »
UN unanimously demands a 30-day cease-fire across Syria - CTV News Feb 25th
CTV NewsUN unanimously demands a 30-day cease-fire across SyriaCTV NewsThe UN Security Council unanimously approved a resolution Saturday demanding a 30-day cease-fire across Syria "without delay" to deliver humanitarian aid to millions and evacuate the critically ill and wounded. The vote.... More »
Rallying oil prices helped push Canada’s main stock index and its U.S. counterparts into record territory on Wednesday, while the loonie lost ground.
Toronto stock index and Wall Street hit new record highs, loonie down
– canadianbusiness.com
TORONTO _ Rallying oil prices helped push Canada’s main stock index and its U.S. counterparts into record territory, as the loonie lost ground.
The S&P/TSX composite index advanced 61.56 points to 16,371.55, with energy shares up 1.5 per cent as the February crude contract surged US$1.26 to US$61.63 per barrel.
Health-care stocks also gave the TSX a boost, with shares of licensed marijuana producers such as Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than 10 per cent and six per cent on the day.
In New York, the Dow Jones industrial average gained 98.67 points to 24,922.68. The S&P 500 index added 17.25 points to 2,713.06 and the Nasdaq composite index was up 58.63 points to 7,065.53.
The Canadian dollar closed at an average trading value of 79.79 cents US, down 0.10 of a U.S. cent.
Elsewhere in commodities, the February natural gas contract gave back five cents to US$3.01 per mmBTU.
The February gold contract was up US$2.40 to US$1,318.50 an ounce and the March copper contract was down two cents to US$3…
The S&P/TSX composite index advanced 61.56 points to 16,371.55, with energy shares up 1.5 per cent as the February crude contract surged US$1.26 to US$61.63 per barrel.
Health-care stocks also gave the TSX a boost, with shares of licensed marijuana producers such as Canopy Growth Corp. (TSX:WEED) and Aphria Inc. (TSX:APH) up more than 10 per cent and six per cent on the day.
In New York, the Dow Jones industrial average gained 98.67 points to 24,922.68. The S&P 500 index added 17.25 points to 2,713.06 and the Nasdaq composite index was up 58.63 points to 7,065.53.
The Canadian dollar closed at an average trading value of 79.79 cents US, down 0.10 of a U.S. cent.
Elsewhere in commodities, the February natural gas contract gave back five cents to US$3.01 per mmBTU.
The February gold contract was up US$2.40 to US$1,318.50 an ounce and the March copper contract was down two cents to US$3…
2017 home sales in Vancouver more normal but prices up, says real estate board
– canadianbusiness.com
VANCOUVER _ The Real Estate Board of Greater Vancouver says home sales across Metro Vancouver were more “historically normal” in 2017, although the number of transactions was still the third highest in the past decade.
Sales of detached homes, townhomes and apartments in Metro Vancouver reached 35,993 in 2017, off 9.9 per cent compared with 2016 and down 15 per cent from 2015’s sizzling pace.
The benchmark price for all residential properties was $1,050,300, a 15.9 per cent jump compared with December 2016.
A key aspect of last year’s housing market was a marked decline in the number of available listings, a trend the board has said can put upward pressure on home prices.
Board president Jill Oudill says 54,655 properties were listed for sale in 2017, a dip of 5.1 per cent from the year earlier.
“Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period,” Oudill says in a news release…
Sales of detached homes, townhomes and apartments in Metro Vancouver reached 35,993 in 2017, off 9.9 per cent compared with 2016 and down 15 per cent from 2015’s sizzling pace.
The benchmark price for all residential properties was $1,050,300, a 15.9 per cent jump compared with December 2016.
A key aspect of last year’s housing market was a marked decline in the number of available listings, a trend the board has said can put upward pressure on home prices.
Board president Jill Oudill says 54,655 properties were listed for sale in 2017, a dip of 5.1 per cent from the year earlier.
“Metro Vancouver home sales were the third highest we’ve seen in the past ten years while the home listings total was the second lowest on record for the same period,” Oudill says in a news release…
Pay for insurance annually
– moneysense.ca
Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative cost to process your premiums. Second, insurance companies charge you for the time they have to wait to get your money. Third, it’s an opportunity for insurance companies to profit from people’s aversion to paying premiums: People will happily pay more for the appearance of keeping their payments low. So if you’ve got the cash on hand, phone up your insurance provider and ask to pay your premiums annually. You can go out for a nice meal with the money you saved.This article was first published January 2016
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RBC hit with service disruptions a day after TD investment platform goes down
– canadianbusiness.com
TORONTO _ The Royal Bank of Canada is working to fix its online banking and web brokerage platforms after users complained of sporadic service.
“Some clients are experiencing delays when attempting to log on to our Online Banking and RBC Direct Investing platforms due to heavy trading volumes,” said RBC spokesman AJ Goodman in an email.
“We regret any inconvenience this may cause clients and appreciate their patience as we diligently work to resolve them,” he said, adding the bank is asking clients continue to try to log in to their accounts because the issues are intermittent.
The company’s verified customer support Twitter account has been responding to customer complaints since early Wednesday morning. Twitter users have complained about trouble using the wallet application, logging into online banking and accessing RBC Direct Investing.
The website CanadianOutages.com showed a jump in reports about problems with RBC Wednesday morning, reaching more than 400 complaints recently…
“Some clients are experiencing delays when attempting to log on to our Online Banking and RBC Direct Investing platforms due to heavy trading volumes,” said RBC spokesman AJ Goodman in an email.
“We regret any inconvenience this may cause clients and appreciate their patience as we diligently work to resolve them,” he said, adding the bank is asking clients continue to try to log in to their accounts because the issues are intermittent.
The company’s verified customer support Twitter account has been responding to customer complaints since early Wednesday morning. Twitter users have complained about trouble using the wallet application, logging into online banking and accessing RBC Direct Investing.
The website CanadianOutages.com showed a jump in reports about problems with RBC Wednesday morning, reaching more than 400 complaints recently…
