Stock market news for investors: Transat, Empire and Algoma report earnings + MORE Mar 14th

The broad-based concern Canadians have about the effect of tariffs, including potential job losses or business failures, is an important trigger for individuals to get their financial affairs in order—sooner rather than later. For many Canadians, minimizing taxes can be the most are the most important, proactive financial step to counteract today’s financial fear factors. Here’s why.

How prepping your taxes can soften the burden of U.S. and retaliatory tariffs

A recent survey by Leger and BDO found that 83% of Canadians are planning to alter their financial plans, including cutting back on spending and reducing debt. But tax is equally important. It’s all about what you can do to control one of the biggest eroders of both income and your capital, and that’s the amount of tax you pay. Remember, what matters is what you keep.

The good news is that you do have some control over the amount of tax you pay on income and wealth. By contrast, little can be done about sales taxes, property taxes, carbon taxes and tariffs—except to control your spending…

These companies reported earnings this week

Transat A.T. Inc.

Empire Company Ltd.

Algoma Steel

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Canadians’ travel appetite still healthy, but desire to visit U.S. fading: Transat

Source: Google

Transat A.T. Inc. (TSE: TRZ)

Q1 net loss: $122.5 million, up from a net loss of $61 million a year earlier.

Revenue: $829.5 million, up from $785.5 million a year earlier.

The head of Transat A.T. Inc. says Canadians’ appetite for travel remains unsated even as pocketbook worries grow amid a trade war with the United States…

Affordable family vacations seem harder to find these days with the fluctuation of the Canadian dollar. Whether you’re dreaming of a bucket-list trip abroad or a last-minute weekend getaway, budgeting can be less painful with a few smart strategies. You can still find great deals if you’re willing to do some homework and make that part of the adventure. Here’s how to save on vacations.  

How much is the Canadian dollar worth?

The Canadian dollar has hovered around USD$0.70 since late November 2024, affected by a wide range of factors, including a stronger U.S. dollar, diverging policy rates here and down south, and the ongoing threat of a tariff war. 

This uncertainty is making many consumers wary when planning vacations to the United States, notes Mike Gomes, a Certified Financial Planner (CFP) at Team Up Planning Group in Vaughan, Ont. “It’s basically 70 cents on the dollar, so this has been a hot topic with a lot of my snowbird clients travelling down south to the U…