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Regulators propose huge overhaul of debt collection industry + MORE Jul 28th
NEW YORK, N.Y. – The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what’s owed, and give peopl.... More »
Finding the financial balance in skin care routines + MORE Jul 11th
All about Canadian investments. Learn the ins and outs and get the latest news.
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules - The Wall Street Journal - news.google.caMicrosoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules The Wall.... More »
How to read your investment statements Oct 16th
Failing to read your investment statements that arrive each month creates unnecessary risk and missed opportunities to catch errors, track progress, and stay aligned with your financial goals. Learning how to read your investment statement takes only a few minutes each month and provides important o.... More »
Vancouver home sales hit four-year low in wake of foreign-buyers tax - The Globe and Mail + MORE Sep 3rd
The Globe and MailVancouver home sales hit four-year low in wake of foreign-buyers taxThe Globe and MailHome sales in the Vancouver region hit their lowest August levels in four years as the real estate market grappled with the shock around the B.C. government's new tax on foreign buyers. There.... More »
The Crypto Crash Is Particularly Bad for Black Investors + MORE Nov 18th
After cryptocurrency values started crashing hard this year, headlines of people losing millions, their life savings or retirement funds flooded the news. When crypto bank Celsius Network filed for bankruptcy this summer its customers alone lost US$5 billion. Even digital-asset evangelists like Bina.... More »
Toronto, Regina, Winnipeg at risk of housing correction
– moneysense.ca
TORONTO – A new report from the Canada Mortgage and Housing Corporation says Toronto, Regina and Winnipeg face a high risk of a housing correction due to a combination of factors including overvalued home prices.
The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.
Back in April, the national housing agency had pegged Toronto as having only a moderate risk of a correction.
CMHC also says Winnipeg faces a high level of risk due to overvalued home prices and overbuilding.
In Regina, rapid price growth, overvaluation and overbuilding, especially of condo units, are responsible for the high risk rating.
Should I buy a house now? »
The CMHC report says a rapid increase in home prices this year and overvaluation are responsible for the high level of risk in Toronto.
Back in April, the national housing agency had pegged Toronto as having only a moderate risk of a correction.
CMHC also says Winnipeg faces a high level of risk due to overvalued home prices and overbuilding.
In Regina, rapid price growth, overvaluation and overbuilding, especially of condo units, are responsible for the high risk rating.
Should I buy a house now? »
CMHC says housing market risk in Vancouver, one of the country’s priciest real estate markets, is low, as none of the individual risk factors that the agency examines are present.
CMHC’s house price analysis and assessment aims to identify potential risks in Canadian real estate by evaluating economic, financial and demographic factors…
Harper pledges higher RRSP withdrawal limit for homebuyers
– moneysense.ca
The Conservatives would let first-time buyers take $35,000 from their RRSPs to pay for homes if they’re re-elected, said Stephen Harper during a campaign stop in Vancouver on Wednesday.
Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.
The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.
If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.
This article was originally published on Advisor.ca
Home Buyers’ Plan is tax-free money »
Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.
The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.
If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.
This article was originally published on Advisor.ca
Home Buyers’ Plan is tax-free money »
Using the Home Buyers’ Plan on a second home »
Paying back the RRSP Home Buyers’ Plan »
The post Harper pledges higher RRSP withdrawal limit for homebuyers appeared first on MoneySense.
Kohl’s, Coty, Flowers Foods, Cisco and Advance Auto are big market mover
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Kohl’s Corp., down $5.39 to $56.11
The department store operator said state sales-tax holidays hurt second-quarter sales and said back-to-school shopping got off to a slow start.
Advance Auto Parts Inc., up $15.79 to $187.79
Shares of the auto parts retailer jumped to an all-time high after it reported second-quarter earnings that beat expectations.
Shake Shack Inc., down $10.30 to $54.49
The burger chain said more of its shares will reach the market soon as the “lock-up” period following its initial public offering has expired.
Coty Inc., up $1.75 to $30.47
The company behind Sally Hensen nail polish moved to a profit in its fiscal fourth quarter, thanks in part to a large tax benefit.
Flowers Foods Inc., up $1.41 to $23.44
The Wonder bread maker posted better than expected second-quarter earnings and said it plans to buy organic bread maker Dave’s Killer Bread…
NYSE
Kohl’s Corp., down $5.39 to $56.11
The department store operator said state sales-tax holidays hurt second-quarter sales and said back-to-school shopping got off to a slow start.
Advance Auto Parts Inc., up $15.79 to $187.79
Shares of the auto parts retailer jumped to an all-time high after it reported second-quarter earnings that beat expectations.
Shake Shack Inc., down $10.30 to $54.49
The burger chain said more of its shares will reach the market soon as the “lock-up” period following its initial public offering has expired.
Coty Inc., up $1.75 to $30.47
The company behind Sally Hensen nail polish moved to a profit in its fiscal fourth quarter, thanks in part to a large tax benefit.
Flowers Foods Inc., up $1.41 to $23.44
The Wonder bread maker posted better than expected second-quarter earnings and said it plans to buy organic bread maker Dave’s Killer Bread…
Canadian bank earnings are at risk this year because of low oil prices, an economic slowdown in Canada and the impact of rate cuts, according to two recent reports by analysts.
Tesla Motors Inc. has filed notice that it will seek to raise $500 million with the offer of an additional 2.1 million shares.
