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Protests, court challenges, B.C. recount: Trans Mountain IPO comes at awkward time for Kinder Morgan May 21st
Kinder Morgan's plan to raise money for its Trans Mountain expansion through an initial public offering could not come at a more awkward time..... More »
New documents link Huawei to suspected front companies in Iran, Syria Jan 8th
The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, .... More »
My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes? + MORE Sep 1st
Q. I have a registered education savings plan (RESP) for my three children, the youngest of whom is starting university this fall. We have made some withdrawals for the older two kids but the plan is still well-funded. Our middle child has decided to pursue a co-op university program, which is .... More »
Malaysia says Goldman Sachs must pay, apology not enough Jan 18th
Malaysia's finance minister says that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was insufficient and that it must pay $7.5 billion as compensation..... More »
Your home sold—now what? + MORE Nov 12th
If you’ve sold your home or are planning to soon, you may have a large amount of cash that needs a temporary parking spot while you prepare for your next move. A regular savings account pays very little interest—so unless you need the money right away, it makes sense to seek higher returns.
S.... More »
Strong evidence of problematic conditions persists in real estate market: CMHC
– canadianbusiness.com
TORONTO _ Strong evidence of problematic conditions continues to exist in the national housing market, as accelerating prices spill out from Canada’s two most expensive cities to surrounding areas, according to the federal housing agency.
The surging costs have spread from Toronto to Hamilton and from Vancouver to Victoria, as many homebuyers have found themselves priced out of the larger cities, Canada Mortgage and Housing Corp. said in its latest report.
“There seems to be a fanning out of those price pressures,” CMHC’s chief economist Bob Dugan told reporters during a conference call Thursday.
“Homebuyers in these centres should be prudent to ensure that their purchases are aligned with their needs, as well as the long-term market outlook.”
CMHC has also found evidence of price acceleration in Toronto and Vancouver spreading to a number of other areas that aren’t covered by the housing market assessment, such as Barrie, Ont., Oshawa, Ont., and Kelowna, B…
The surging costs have spread from Toronto to Hamilton and from Vancouver to Victoria, as many homebuyers have found themselves priced out of the larger cities, Canada Mortgage and Housing Corp. said in its latest report.
“There seems to be a fanning out of those price pressures,” CMHC’s chief economist Bob Dugan told reporters during a conference call Thursday.
“Homebuyers in these centres should be prudent to ensure that their purchases are aligned with their needs, as well as the long-term market outlook.”
CMHC has also found evidence of price acceleration in Toronto and Vancouver spreading to a number of other areas that aren’t covered by the housing market assessment, such as Barrie, Ont., Oshawa, Ont., and Kelowna, B…
Toronto’s main stock index slips but still near record high, loonie down
– canadianbusiness.com
TORONTO _ Canada’s largest stock market moved lower in late-morning trading, but remained just below its record high.
The S&P/TSX composite index fell 17.15 points at 15,626.69, after 90 minutes of trading.
Earlier, it had been as high as 15,652.19 _ a few points short of its record high close set in September 2014.
In New York, the Dow Jones industrial average gained 31.38 points at 20,099.89, but the other major U.S. indexes moved lower. The S&P 500 slipped 0.8 of a point at 2,297.57 and the Nasdaq composite fell 5.97 points to 5,650.37.
The Canadian dollar was at 76.27 cents US, down 0.25 of a U.S. cent from Wednesday.
The March crude oil contract gained 98 cents at US$53.73 per barrel and March natural gas climbed 13 cents at US$3.48 per mmBtu.
The February gold contract fell $11.90 to US$1,185.90 an ounce and March copper contracts lost one cent at US$2.70 a pound.
The post Toronto’s main stock index slips but still near record high, loonie down appeared first on Canadian Business – Your Source For Business News.
The S&P/TSX composite index fell 17.15 points at 15,626.69, after 90 minutes of trading.
Earlier, it had been as high as 15,652.19 _ a few points short of its record high close set in September 2014.
In New York, the Dow Jones industrial average gained 31.38 points at 20,099.89, but the other major U.S. indexes moved lower. The S&P 500 slipped 0.8 of a point at 2,297.57 and the Nasdaq composite fell 5.97 points to 5,650.37.
The Canadian dollar was at 76.27 cents US, down 0.25 of a U.S. cent from Wednesday.
The March crude oil contract gained 98 cents at US$53.73 per barrel and March natural gas climbed 13 cents at US$3.48 per mmBtu.
The February gold contract fell $11.90 to US$1,185.90 an ounce and March copper contracts lost one cent at US$2.70 a pound.
The post Toronto’s main stock index slips but still near record high, loonie down appeared first on Canadian Business – Your Source For Business News.
Rogers Communications is reporting a $9 million net loss in the fourth quarter, primarily because of its decision to shelve a development project and adopt Comcast’s platform for the next generation of cable TV delivery systems.
PotashCorp hit some difficult financial times in its end of the year financial results.
Hunter Harrison sells CP Rail shares for $35-million
– theglobeandmail.com
Outgoing CEO Hunter Harrison has sold all common stock in CP as he prepares to move to Florida-based railway CSX Corp.
