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Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving for 2024 + MORE Mar 1st
Last year, we told you that the 2024 Hyundai Ioniq 6 was our top pick for affordable access to long-distance cruising range, specifically with the 2024 Hyundai Ioniq 6 Preferred Long-Range version delivering maximum return on the investment of shoppers counting “range for the buck” as a key purc.... More »
Six big retirement mistakes – what I’m doing about them Feb 14th
Save, invest, prosper with My Own Advisor.
Six big retirement mistakes – what I’m doing about them Recently Jason Heath, a fee-only financial planner, outlined a number of mistakes investors make when it comes to retirement planning and/or investing during retirement. I thought I’d outli.... More »
OAS payment dates in 2025, and more to know about Old Age Security + MORE Jul 28th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck - CNBC Dec 12th
Stock futures nudge higher to start the week with Fed meeting, key inflation data on deck CNBCDow futures slip, CPI and Fed meeting in focus By Investing.com Investing.comCNN Fear & Greed Index In 'Neutral' Zone After Dow Tumbles 300 Points - Blue Bird (NASDAQ:BLBD), Coupa .... More »
Silicon Valley Bank files for bankruptcy | GMA - ABC News Mar 18th
Silicon Valley Bank files for bankruptcy | GMA ABC NewsParent company of Silicon Valley Bank filing for bankruptcy protection CBC NewsSVB Financial Goes Bankrupt Bloomberg TelevisionSVB parent company files for bankruptcy CTV NewsSilicon Valley Bank parent.... More »
B.C.’s 2017 home sales below 2016 record, but far above average says BCREA
– canadianbusiness.com
VANCOUVER _ The British Columbia Real Estate Association says fewer homes were sold across the province in 2017 compared with the year earlier, but it says prices were up and sales remained above 100,000 for the third straight year.
The association’s snapshot of 2017 residential sales shows 103,763 properties changed hands, down 7.5 per cent from the 2016 record of 112,211.
The total dollar value of all sales also slipped 5.1 per cent to $73.63 billion but the association says the average price of a home nudged up 2.7 per cent to $709,579.
December was also a strong month for sales, as seasonally adjusted purchases jumped four per cent from November, although the association says year-end results may reflect buyers hurrying to avoid tougher mortgage qualification rules in January.
A total of 5,738 sales were recorded across B.C. in December, an increase of 21.5 per cent over the same period last year, with the average residential price province-wide set at $734,108, a leap of 12.1 per cent from December 2016…
The association’s snapshot of 2017 residential sales shows 103,763 properties changed hands, down 7.5 per cent from the 2016 record of 112,211.
The total dollar value of all sales also slipped 5.1 per cent to $73.63 billion but the association says the average price of a home nudged up 2.7 per cent to $709,579.
December was also a strong month for sales, as seasonally adjusted purchases jumped four per cent from November, although the association says year-end results may reflect buyers hurrying to avoid tougher mortgage qualification rules in January.
A total of 5,738 sales were recorded across B.C. in December, an increase of 21.5 per cent over the same period last year, with the average residential price province-wide set at $734,108, a leap of 12.1 per cent from December 2016…
New BMO Nesbitt Burns head faces in-house challenges
– theglobeandmail.com
Andrew Auerbach will begin his new role as head of the bank’s investment dealer as of Feb. 1
Shares of Primero Mining more than double after First Majestic takeover offer
– canadianbusiness.com
VANCOUVER _ Shares in Primero Mining Corp., which owns the San Dimas silver-gold mine in Mexico, more than doubled in trading Friday after First Majestic Silver announced a deal to buy the company.
Primero shares (TSX:P) were up 15 cents at 27 cents in trading on the Toronto Stock Exchange, while shares of First Majestic (TSX:FR) fell 30 cents to $8.44.
Under the deal, shareholders will receive 0.03325 of a First Majestic share for each Primero share.
First Majestic also signed an agreement with a subsidiary of Wheaton Precious Metals Corp. to end a silver streaming interest at San Dimas and replace it with a new deal based on 25 per cent of the gold equivalent production with ongoing payments of US$600 per gold equivalent ounce.
As part of the transaction, Wheaton Precious Metals will receive 20.9 million shares of First Majestic valued at roughly US$151 million.
First Majestic put the total value of the transaction at US$320 million including the shares issued to Primero shareholders and Wheaton Precious Metals as well as other payments under the deal including the repayment of Primero debt…
Primero shares (TSX:P) were up 15 cents at 27 cents in trading on the Toronto Stock Exchange, while shares of First Majestic (TSX:FR) fell 30 cents to $8.44.
Under the deal, shareholders will receive 0.03325 of a First Majestic share for each Primero share.
First Majestic also signed an agreement with a subsidiary of Wheaton Precious Metals Corp. to end a silver streaming interest at San Dimas and replace it with a new deal based on 25 per cent of the gold equivalent production with ongoing payments of US$600 per gold equivalent ounce.
As part of the transaction, Wheaton Precious Metals will receive 20.9 million shares of First Majestic valued at roughly US$151 million.
First Majestic put the total value of the transaction at US$320 million including the shares issued to Primero shareholders and Wheaton Precious Metals as well as other payments under the deal including the repayment of Primero debt…
Finance minister issues order in response to North Korean money laundering fears
– canadianbusiness.com
OTTAWA _ Canadian financial institutions have been ordered to treat what few transactions they conduct with North Korea with even greater diligence as the federal government tries to increase pressure on the nuclear-armed nation.
Finance Minister Bill Morneau quietly issued the directive last month following concerns that the North Korean government was skirting international sanctions through money laundering and other illicit financial activity.
The number of financial transactions between Canada and North Korea is extremely small because of those sanctions, which the federal government imposed in August 2011.
But financial institutions will now have to treat even those few that are allowed, which include remittances worth less than $1,000 and humanitarian aid, as potential cases of money laundering and report them to the government.
The move comes as Canada prepares for a meeting with allies in Vancouver next week, where the main topic will be finding ways to further squeeze the North Korean government and get it to give up its nuclear program…
Finance Minister Bill Morneau quietly issued the directive last month following concerns that the North Korean government was skirting international sanctions through money laundering and other illicit financial activity.
The number of financial transactions between Canada and North Korea is extremely small because of those sanctions, which the federal government imposed in August 2011.
But financial institutions will now have to treat even those few that are allowed, which include remittances worth less than $1,000 and humanitarian aid, as potential cases of money laundering and report them to the government.
The move comes as Canada prepares for a meeting with allies in Vancouver next week, where the main topic will be finding ways to further squeeze the North Korean government and get it to give up its nuclear program…
Securities regulators rethink U.S. pot listing policy
– theglobeandmail.com
Canadian securities regulators are rethinking the rules that allow cannabis companies doing business in the United States to raise funds in Canada’s stock markets
