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Landmark trial opens for Spain’s Princess Cristina + MORE Jan 11th
PALMA DE MALLORCA, Spain — A landmark fraud trial opened Monday for Spain’s Princess Cristina, accused of helping bankroll a lavish lifestyle with funds her husband received from an alleged scheme to embezzle about 6 million euros ($6.5 million) in public contracts for conferences and sport.... More »
Does a spouse’s real estate ownership cancel out first-time homebuyer qualifications? Jun 5th
Q. My husband and I married recently, and we have lived together in a rental apartment since we got engaged and married. He has a condo, which he purchased seven years ago, but he has not lived there for the past three years. I’ve never lived in that condo and he didn’t use the Home Buyers’ Pl.... More »
RRIF or annuity: Which one is right for you? + MORE Mar 22nd
(Caimage/Getty Images)
Q: What are cons and pros of selecting an annuity versus RRIF?
I will be 71 in July 2016. I currently work and receive OAS and CPP. My wife is 70 in July 2016 and also receives OAS and CPP.
After I hit my age of 71, I must start withdrawals from my RRSP and I need to .... More »
Documenting financial agreements with family + MORE Jun 2nd
(BraunS/Getty Images)
Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the understanding was that we would stay with them and take over the house “once the mortgage is paid”.
My husband’s parents ha.... More »
Managing tax in a “tenancy in common” situation Nov 25th
Q. I am a co-owner of a cottage in Ontario. The other co-owner would like to buy out my 50% share of the cottage as tenant in common. Do I have to claim capital gains if the cottage isn’t being sold?
–Claudia
A. Real estate is commonly owned as joint tenants, with rights of survivorship by spous.... More »
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Target Canada given OK to start liquidation sale – CTV News
– news.google.ca
CTV NewsTarget Canada given OK to start liquidation saleCTV NewsTORONTO — Shoppers can expect their local Target Canada stores to begin knocking down prices starting Thursday, after the retailer received court approval to liquidate its stock. The company got the go ahead following a hearing Wednesday involving …Target Canada liquidation sales hit stores Thursday, company confirmsCBC.caTarget Canada liquidation sale set to begin ThursdayThe Globe and Mail (subscription)Target liquidation sale to start ThursdayToronto Starall 132 news articles »
Mesa Air to order CRJ900s, first new aircraft since 2011 bankruptcy
– canadianbusiness.com
MONTREAL – Mesa Airlines, the launch customer for Bombardier’s CRJ900 regional jets, has reached agreement to buy seven planes, the first new aircraft order since Mesa exited bankruptcy in 2011.
Mesa said it has reached an agreement in principle to buy the 76-seat planes and operate them for an undisclosed major U.S. airline.
The planes, to be delivered later this year, are valued at about US$320 million based on list prices. The Phoenix-based company also has an undisclosed number of options.
Mesa CEO and chairman Jonathan Ornstein said the planes are the perfect size for hub-to-hub service. With the order it will have 64 CRJ900s in its fleet of 115 planes.
Ornstein said the company couldn’t consider the larger CRJ1000s or CSeries planes because they have too many seats to be flown under pilot agreements for regional carriers.
And while Mesa is aware of Bombardier’s financial challenges, it isn’t concerned about the future of the Montreal-based aerospace manufacturer…
Mesa said it has reached an agreement in principle to buy the 76-seat planes and operate them for an undisclosed major U.S. airline.
The planes, to be delivered later this year, are valued at about US$320 million based on list prices. The Phoenix-based company also has an undisclosed number of options.
Mesa CEO and chairman Jonathan Ornstein said the planes are the perfect size for hub-to-hub service. With the order it will have 64 CRJ900s in its fleet of 115 planes.
Ornstein said the company couldn’t consider the larger CRJ1000s or CSeries planes because they have too many seats to be flown under pilot agreements for regional carriers.
And while Mesa is aware of Bombardier’s financial challenges, it isn’t concerned about the future of the Montreal-based aerospace manufacturer…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,995.65, down 67.23 points):
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Down 79 cents, or 6.94 per cent, to $10.60 on 10.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.51 per cent, to $2.36 on 10.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace and transportation. Down five cents, or 1.67 per cent, to $2.94 on 9.2 million shares.
Penn West Petroleum Ltd. (TSX:PWT). Oil and gas. Down seven cents, or 2.66 per cent, to $2.56 on 6.6 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Unchanged at $9.48 on 5.9 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 52 cents, or 11.45 per cent, to $4.02 on 5.6 million shares.
Companies reporting major news:
Brookfield Property Partners L.P. (TSX:BPY.UN). Real estate services. Up 46 cents, or 1.53 per cent, to $30.60 on 111,650 shares. Brookfield group’s main real estate holding will raise its quarterly distribution to investors by six per cent to 26…
Toronto Stock Exchange (14,995.65, down 67.23 points):
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Down 79 cents, or 6.94 per cent, to $10.60 on 10.8 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.51 per cent, to $2.36 on 10.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace and transportation. Down five cents, or 1.67 per cent, to $2.94 on 9.2 million shares.
Penn West Petroleum Ltd. (TSX:PWT). Oil and gas. Down seven cents, or 2.66 per cent, to $2.56 on 6.6 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Unchanged at $9.48 on 5.9 million shares.
Pacific Rubiales Energy Corp. (TSX:PRE). Oil and gas. Down 52 cents, or 11.45 per cent, to $4.02 on 5.6 million shares.
Companies reporting major news:
Brookfield Property Partners L.P. (TSX:BPY.UN). Real estate services. Up 46 cents, or 1.53 per cent, to $30.60 on 111,650 shares. Brookfield group’s main real estate holding will raise its quarterly distribution to investors by six per cent to 26…
TMX Group, Newalta, Intact Financial and Imperial Metals are a few stocks we’re eyeing today
