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Best FHSAs in Canada: Where to get the new first home savings account + MORE Dec 16th
MoneySense editors’ take
Consider opening an FHSA before Dec. 31, 2023, even if you don’t intend to contribute right away. Unused contribution room can be carried forward one year, up to a maximum of $8,000. You can give yourself a maximum contribution limit of $16,000 in 2024 by opening the acc.... More »
Stocks edge lower ahead of big tech earnings: Stock market news today - Yahoo Canada Finance Apr 25th
Stocks edge lower ahead of big tech earnings: Stock market news today Yahoo Canada FinanceBefore the Bell: Markets await tech Alphabet, Microsoft results The Globe and MailU.S. stocks drift with focus on earnings; bonds rally BNN BloombergHere's what we expect from o.... More »
The close: TSX ends lower with mining, technology stock falls + MORE Nov 29th
Nasdaq falls with tech stocks; S&P ends flat
.... More »
Investing in CBD — How to Do It & What to Consider + MORE Aug 31st
The cannabidiol market in the U.S.A is growing bigger. Investors are turning their attention to the CBD industry to look at the lucrative opportunities it may present. Although CBD has been around for a long time, federal legalization of the substance has opened more doors toward increasing its popu.... 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 »
Four ways to prepare for the inevitable stock-market crash
– theglobeandmail.com
A bit of psychological preparation can go a long way toward ensuring you’re among those who do best long-term by staying calm
Vancouver home sales dip 11.5 per cent in June compared with a year ago: board
– canadianbusiness.com
The Real Estate Board of Greater Vancouver says home sales dipped 11.5 per cent in June compared with a record high set a year ago.
The board says 3,893 properties changed hands last month compared with 4,400 residential property sales in June 2016.
Sales in June this year were down 10.8 per cent compared with May, when 4,364 homes were sold.
However, the board says last month’s sales were still 14.5 per cent above the 10-year sales average for the month of June.
The MLS composite benchmark price for all residential property types in Metro Vancouver was $998,700 _ a 7.9 per cent increase from a year ago and up 1.8 per cent compared with May 2017.
Board president Jill Oudil said demand for detached homes has eased back to more normal levels, while competition for condo units is leading to multiple offer scenarios and driving prices higher.
The post Vancouver home sales dip 11.5 per cent in June compared with a year ago: board appeared first on Canadian Business – Your Source For Business News.
The board says 3,893 properties changed hands last month compared with 4,400 residential property sales in June 2016.
Sales in June this year were down 10.8 per cent compared with May, when 4,364 homes were sold.
However, the board says last month’s sales were still 14.5 per cent above the 10-year sales average for the month of June.
The MLS composite benchmark price for all residential property types in Metro Vancouver was $998,700 _ a 7.9 per cent increase from a year ago and up 1.8 per cent compared with May 2017.
Board president Jill Oudil said demand for detached homes has eased back to more normal levels, while competition for condo units is leading to multiple offer scenarios and driving prices higher.
The post Vancouver home sales dip 11.5 per cent in June compared with a year ago: board appeared first on Canadian Business – Your Source For Business News.
Tesla stock
– theglobeandmail.com
No description available
Fed debating when to unwind $4.5 trillion in bond holdings
– canadianbusiness.com
The Federal Reserve is figuring out when to start unloading much of its $4.5 trillion in bond holdings _ a major turning point for an economy still healing from the 2008 financial crisis.
Some Fed officials want to announce the beginning of the process “within a couple of months,” according to minutes of the U.S. central bank’s June meeting released Wednesday. Others pushed for more time to first see how the broader U.S. economy fares during the second half of 2017.
What Fed officials all agreed upon in June was to publicly unveil its plan to gradually reduce the portfolio of bonds that built up after the Great Recession _ which was part of an effort to make long-term borrowing more affordable and spur growth. The economy has now reached a solid enough point that the Fed may look to begin unwinding its holdings at some point this year.
“It’s very clear that the Fed wants to remain vague,” said Lindsey Piegza, chief economist at the financial firm Stifel Fixed Income…
Some Fed officials want to announce the beginning of the process “within a couple of months,” according to minutes of the U.S. central bank’s June meeting released Wednesday. Others pushed for more time to first see how the broader U.S. economy fares during the second half of 2017.
What Fed officials all agreed upon in June was to publicly unveil its plan to gradually reduce the portfolio of bonds that built up after the Great Recession _ which was part of an effort to make long-term borrowing more affordable and spur growth. The economy has now reached a solid enough point that the Fed may look to begin unwinding its holdings at some point this year.
“It’s very clear that the Fed wants to remain vague,” said Lindsey Piegza, chief economist at the financial firm Stifel Fixed Income…
Alberta energy regulator turns to Supreme Court on well abandonment ruling
– canadianbusiness.com
Alberta’s energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country.
In documents filed Tuesday, the regulator formally applied to the top court for leave to appeal the so-called Redwater decision.
In May 2016, an Alberta Queen’s Bench judge ruled in favour of the bankruptcy trustee of Redwater Energy Corp. The court ruled the sale of assets from bankrupt energy companies should go first to creditors, not to cleaning up the mess from the company’s operations.
“The decision’s resulted in unacceptable risks to Albertans and it presents an environmental risk across Canada to all industrial sectors,” said Ryan Bartlett, spokesman for the Alberta Energy Regulator.
The Redwater Energy Corp trustee and its lender, ATB Financial, wanted to sell off the company’s remaining producing wells to pay creditors. They argued a bankruptcy trustee is free to pick and choose from among the company’s assets and disclaim unproductive oil and gas wells…
In documents filed Tuesday, the regulator formally applied to the top court for leave to appeal the so-called Redwater decision.
In May 2016, an Alberta Queen’s Bench judge ruled in favour of the bankruptcy trustee of Redwater Energy Corp. The court ruled the sale of assets from bankrupt energy companies should go first to creditors, not to cleaning up the mess from the company’s operations.
“The decision’s resulted in unacceptable risks to Albertans and it presents an environmental risk across Canada to all industrial sectors,” said Ryan Bartlett, spokesman for the Alberta Energy Regulator.
The Redwater Energy Corp trustee and its lender, ATB Financial, wanted to sell off the company’s remaining producing wells to pay creditors. They argued a bankruptcy trustee is free to pick and choose from among the company’s assets and disclaim unproductive oil and gas wells…
