News: Money

Retired TD Bank executive to head up LCBO

Thursday  18:40,   18 january 2018
MSN

TORONTO - A retired bank executive is set to become the next chairman of the Liquor Control Board of Ontario, a Crown corporation tasked with selling and distributing recreational marijuana once it's legalized this summer. Former TD Bank CEO Ed[...]

Is Kate Middleton Richer Than Meghan Markle?

Thursday  16:37,   18 january 2018
International Business Times

Kate Middleton is richer than Meghan Markle, and there are good reasons why.Kate Middleton and Meghan Markle are two of the most talked about women today because of their relationship to Prince William and Prince Harry,[...]

'Shark Tank' investor Kevin O'Leary: Here's how to get rich

Thursday  09:35,   18 january 2018
CNBC

"Shark Tank" investor Kevin O'Leary explains how anyone can improve their financial situation by saving more money and investing."When you're 21 years old, or 20 or 18 or 19 and you start putting aside 10 percent of what you make,[...]

What Does the Interest Rate Hike Decision Mean for Canadians?

Thursday  08:52,   18 january 2018
Baystreet

The Bank of Canada raised interest rates today and questions of how the interest rate hike will affect both investments and personal household finances are continuing to shape much of the discussion on Bay[...]

Goldman's Solomon Is Victim of Alleged $1 Million Wine Theft

Thursday  07:16,   18 january 2018
Bloomberg

A former personal assistant to Goldman Sachs Group Inc. Co-President David Solomon faces federal charges that he stole more than $1.2 million of rare wine from his boss. define("homepageFinanceIndices", ["c.deferred"], function () { [...]

Cramer: Investors should heed Bank of America's warning on bitcoin

Thursday  05:05,   18 january 2018
CNBC

During a post-earnings call, Bank of America CEO Brian Moynihan says it has a limited relationship with cryptocurrencies.Investors should heed Bank of America's warning on bitcoin and other virtual currencies, CNBC's Jim Cramer said[...]

Big Canadian banks raise prime lending rate

Thursday  02:02,   18 january 2018
MSN

TORONTO - Canada's biggest banks will hike their prime rate by a quarter of a percentage point on Thursday, putting financial pressure on homeowners with variable rate mortgages. The Royal Bank of Canada (TSX:RY) was first to announce its prime[...]

Loblaws in $400M tax fight with CRA over claims it set up bogus offshore bank

Thursday  02:01,   18 january 2018
cbc.ca

Loblaws and the government squared off in court today in one of the biggest offshore corporate tax-avoidance cases in the country, with authorities alleging the grocery conglomerate set up a bogus foreign bank to avoid tax on hundreds of millions of [...]

Sears Canada dividend payments under review

Wednesday  23:55,   17 january 2018
MSN

TORONTO - Hundreds of millions of dollars of dividends doled out to Sears Canada shareholders are coming under scrutiny by the former retailer's court-appointed monitor, according to a new report in the company's insolvency proceedings. The[...]

Bank of Canada Sees Trump's Tax Plan Trickling Across Border

Wednesday  22:37,   17 january 2018
Bloomberg

President Donald Trump’s tax reform plan is a $600-billion boon for the American economy that primarily benefits U.S. businesses and high-income individuals -- and some of it will trickle down to Canada. Too bad about the trade policy. [...]

The End of NAFTA: Here’s What Could Happen

Wednesday  19:22,   17 january 2018
The Motley Fool

In the unlikely event NAFTA is torn up, companies such as Magna International Inc. (TSX:MG)(NYSE:MGA) could see revenues take temporary a dip until global supply chains are[...]

Short seller sues Home Capital for $4M

Wednesday  18:08,   17 january 2018
MSN

TORONTO - A short seller is suing Home Capital Group (TSX:HCG) and three former executives for $4 million, alleging the alternative mortgage lender's false representations scandal cost him millions when he closed his position early. Marc Cohodes [...]

Walmart is hoping a simple packet could help curb opioid misuse

Wednesday  18:08,   17 january 2018
Business Insider

Walmart Walmart is taking what could be a major step to curbing the opioid crisis.Walmart, the third-largest pharmacy in the US, wants to give people who receive prescriptions that are frequently misused a safe way to get rid of them for[...]

Rise in condo maintenance fees slowed last year, says study

Wednesday  17:38,   17 january 2018
Toronto Star

It's big and it's real — condo buyers’ and residents’ fear of escalating monthly maintenance fees. But a study by Condos.ca shows condo fees in Toronto rose only 2.5 per cent last year over 2016. The average maintenance cost on a 594 sq.[...]

It's becoming economically desirable to live in a trailer park

Wednesday  16:22,   17 january 2018
Quartz

America’s growing affordability housing gap is forcing many people to rethink the traditional single family home. Trailer parks don’t have the best reputation. But[...]