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Five things to watch for in the Canadian business world in the coming week Aug 2nd
TORONTO – Five things to watch for in Canadian business this week:
Dairy: Canadian dairy giant Saputo holds its annual meeting in Laval, Que., on Tuesday, followed by a first-quarter earnings conference call later in the day. The company has taken a hit from the decline in global cheese prices.... More »
What to do if you overcontributed to your RRSP + MORE Feb 26th
Ask MoneySense
I overcontributed to my RRSP by accident, and I am looking for some advice on how to deal with it. I contributed $3,550 to my 2022 RRSP in October 2022. I then forgot I made this contribution and again in February 2023 I made a $3,550 contribution.
What options to I have to address.... More »
How do mortgage brokers get paid? Feb 17th
Q. Is it typical to pay a mortgage broker fee in advance, and before closing?
My broker is saying that I have to pay cash one week before closing, and that he will pay other persons who are involved. I am confused as to why brokers payment in advance and in cash.
–Adil
A. A mortgage broker can obt.... More »
3 sectors to consider investing in when the stock market is volatile May 3rd
If you’re retired or nearing retirement, or you’re a younger investor who wants stability in your portfolio, where should you consider investing when financial markets are suffering? Three sectors stand out for their relative stability in tough times: health care, utilities and brand leaders. He.... More »
Donald Trump’s asymmetrical bid for the White House + MORE Dec 19th
Victor J. Blue/Bloomberg/Getty
WASHINGTON — It can be hard to see where Donald Trump the business ends and Donald Trump the presidential candidate begins.
When rivals level political attacks, the Republican front-runner’s company attorney threatens lawsuits on corporate letterhead. When his .... More »
McGraw Hill to buy SNL Financial for $2.23-billion
– theglobeandmail.com
Deal will strengthen McGraw Hill’s data unit, S&P Capital IQ, particularly in providing information on banking and insurance, the company said
US stocks open lower, continuing a losing streak; Shanghai’s index dives 8 per cent
– canadianbusiness.com
NEW YORK, N.Y. – Stocks were solidly lower in early trading Monday, following a steep sell-off in China and other global markets.
The Dow Jones industrial average lost 147 points, or 0.8 per cent, to 17,420 as of 10:04 a.m. Eastern time. The Standard & Poor’s 500 index lost 13 points, or 0.6 per cent, to 2,066 and the Nasdaq composite lost 40 points, or 0.8 per cent, to 5,047.
The main focus for investors was the precipitous 8.5 percentage point fall on the Shanghai market overnight, which was the biggest one-day decline since February 2007. It was the latest big drop in the Chinese stock market, which has been falling since early June.
Some analysts said the dive was set off by brokerages restricting credit used to finance stock purchases, also known as margin trading. Chinese authorities took aggressive steps to stabilize the market after it tumbled last month, wiping away about $3.2 trillion in market value. Analysts have been skeptical that such gravity-defying efforts could be sustained…
The Dow Jones industrial average lost 147 points, or 0.8 per cent, to 17,420 as of 10:04 a.m. Eastern time. The Standard & Poor’s 500 index lost 13 points, or 0.6 per cent, to 2,066 and the Nasdaq composite lost 40 points, or 0.8 per cent, to 5,047.
The main focus for investors was the precipitous 8.5 percentage point fall on the Shanghai market overnight, which was the biggest one-day decline since February 2007. It was the latest big drop in the Chinese stock market, which has been falling since early June.
Some analysts said the dive was set off by brokerages restricting credit used to finance stock purchases, also known as margin trading. Chinese authorities took aggressive steps to stabilize the market after it tumbled last month, wiping away about $3.2 trillion in market value. Analysts have been skeptical that such gravity-defying efforts could be sustained…
Officials from Greece’s creditors arrive in Athens to get bailout deal negotiations into gear
– canadianbusiness.com
ATHENS, Greece – Technical talks over Greece’s third bailout in five years are poised to start in the next day or so as negotiators representing the country’s creditors continued arriving in Athens Monday.
The talks involving lower-levels officials, delayed from last Friday, are set to incorporate a wide array of issues such as pensions and labour market reforms.
They are designed to pave the way for high-level discussions between Greek ministers and top officials from the European Union and the International Monetary Fund that should start later this week.
Worries that the discussions over Greece’s bailout are dragging out have weighed on stock markets across Europe on Monday. The Stoxx 50 index of leading European shares was down 1.5 per cent.
After passing a series of reforms demanded by creditors, the Greek government is hoping that negotiations on the bailout will be completed by Aug. 20 when the country has a big debt repayment of around 3.2 billion euros ($3…
The talks involving lower-levels officials, delayed from last Friday, are set to incorporate a wide array of issues such as pensions and labour market reforms.
They are designed to pave the way for high-level discussions between Greek ministers and top officials from the European Union and the International Monetary Fund that should start later this week.
Worries that the discussions over Greece’s bailout are dragging out have weighed on stock markets across Europe on Monday. The Stoxx 50 index of leading European shares was down 1.5 per cent.
After passing a series of reforms demanded by creditors, the Greek government is hoping that negotiations on the bailout will be completed by Aug. 20 when the country has a big debt repayment of around 3.2 billion euros ($3…
Tim Hortons owner boosts dividend, posts better-than-expected profit
– theglobeandmail.com
Company formed from Burger King’s takeover of coffee and doughnut chain reported strong sales on new menu items
North American stock markets open lower after China’s main stock index lost eight per cent in its worst one-day performance since 2007.
