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How sustainable is Wealthsimple’s new socially responsible portfolio? + MORE Jul 13th
Investors who want to invest in sustainable solutions will need to incorporate additional products including green ETFs or community bonds if they want their investment to have a positive impact..... More »
Why the $35,000 RRSP Home Buyers’ Plan won’t be much help + MORE Mar 25th
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the.... More »
N.B. wants to sell its stock of American alcohol removed in anti-Trump protest Oct 11th
FREDERICTON - The New Brunswick Liquor Corporation says it wants to sell the remaining $3.4 million worth of American alcohol removed from store shelves in protest of the policies of U.S. President Donald Trump..... More »
Horgan gives $600 million in tax rebates to help curb inflationary pressures - Vancouver Sun Sep 7th
Horgan gives $600 million in tax rebates to help curb inflationary pressures Vancouver SunB.C. government announces 2 tax credit boosts, rent increase cap for 2023 Global NewsB.C. caps rent increases at 2%, boosts climate tax credit and family benefit as cost of living soars&nb.... More »
MoneySense reader survey: Help us get to know you Feb 7th
We’d love to get your thoughts on personal finance. It’s just a quick three-question poll for a future article. All responses are anonymous. MoneySense does not keep your email address for this survey. That said, feel free to sign up for one or all three of the free MoneySense newsletters.
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Barrick earnings beat expectations; Tanzania talks to start next week
– theglobeandmail.com
Toronto-based Barrick said adjusted net earnings rose to $261-million, or 22 cents a share, from $158-million, or 14 cents a share
Toronto housing market downturn to be short lived, federal housing agency says
– canadianbusiness.com
The recent downturn in Toronto’s real estate market, brought on after Ontario introduced measures this spring including a foreign buyers’ tax, is expected to be brief, the federal housing agency said Wednesday.
Property prices in the city _ which fell from an average of $919,589 in April to $793,915 last month, according to data from the Toronto Real Estate Board _ should pick up again due to supply constraints and a stronger economy, Canada Mortgage and Housing Corp. said.
“The response we’re seeing in the Toronto market seems almost emotional and a knee-jerk reaction to some of the changes, which suggests that these impacts will be short-lived,” Dana Senagama, CMHC’s principal market analyst for Toronto, said during a conference call to discuss the agency’s latest housing market assessment.
The provincial government’s measures, which were retroactive to April 21, include a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe region, expanded rent controls and legislation allowing Toronto and other cities to tax vacant homes…
Property prices in the city _ which fell from an average of $919,589 in April to $793,915 last month, according to data from the Toronto Real Estate Board _ should pick up again due to supply constraints and a stronger economy, Canada Mortgage and Housing Corp. said.
“The response we’re seeing in the Toronto market seems almost emotional and a knee-jerk reaction to some of the changes, which suggests that these impacts will be short-lived,” Dana Senagama, CMHC’s principal market analyst for Toronto, said during a conference call to discuss the agency’s latest housing market assessment.
The provincial government’s measures, which were retroactive to April 21, include a 15 per cent tax on foreign buyers in the Greater Golden Horseshoe region, expanded rent controls and legislation allowing Toronto and other cities to tax vacant homes…
Loblaw expects higher minimum wage rules will increase its labour costs by $190M
– canadianbusiness.com
Canada’s largest grocery and drug store operator warned Wednesday that minimum wage increases in Ontario and Alberta threaten to harm its bottom line and it will have to find ways to cut costs.
Loblaw Companies Ltd. (TSX:L), which owns Shoppers Drug Mart and grocery chains including Loblaws and No Frills, estimates the wage hikes will mean its labour costs will grow by about $190 million next year.
“We are flagging a significant set of financial headwinds and the organization is mobilizing all of its resources to see whether or not it can close that gap,” Loblaw chairman and CEO Galen G. Weston told analysts during a quarterly earnings conference call.
“At this point, we don’t know the answer.”
The Ontario government has proposed legislation that would boost the hourly minimum wage, which is currently set to rise from $11.40 an hour to $11.60 in October, to $14 on Jan. 1 and $15 the following year.
The province has said the wage increases are intended to increase people’s purchasing power and stimulate the economy…
Loblaw Companies Ltd. (TSX:L), which owns Shoppers Drug Mart and grocery chains including Loblaws and No Frills, estimates the wage hikes will mean its labour costs will grow by about $190 million next year.
“We are flagging a significant set of financial headwinds and the organization is mobilizing all of its resources to see whether or not it can close that gap,” Loblaw chairman and CEO Galen G. Weston told analysts during a quarterly earnings conference call.
“At this point, we don’t know the answer.”
The Ontario government has proposed legislation that would boost the hourly minimum wage, which is currently set to rise from $11.40 an hour to $11.60 in October, to $14 on Jan. 1 and $15 the following year.
The province has said the wage increases are intended to increase people’s purchasing power and stimulate the economy…
Suncor chops Syncrude production target after fire
– theglobeandmail.com
The company reported net earnings for the three months ended June 30 of $435-million or 26 cents per share
