News: Money

Liberals to change passive-income plan

Wednesday  14:06,   18 october 2017
MSN

OTTAWA - The federal government is moving to pare down its controversial tax proposal on passive income so that it will only affect three per cent of private corporations. Finance Minister Bill Morneau will be in New Brunswick on Wednesday to unveil [...]

Is a Third Rate Hike on the Way?

Wednesday  12:51,   18 october 2017
The Motley Fool

The Bank of Canada is set to make a determination on a rate decision on October 25. Bank of Montreal (TSX:BMO)(NYSE:BMO) and other institutions will be watching[...]

Bombardier says duties resolved by Airbus deal

Wednesday  00:32,   18 october 2017
MSN

MONTREAL - Bombardier believes its partnership with Airbus puts it on a strong legal footing to avoid import duties for its CSeries commercial jets while turning the tables on Boeing. The Montreal-based company has a legal opinion that no duties can [...]

OSFI finalizes new mortgage rules, including stress test for even uninsured borrowers

Wednesday  00:32,   18 october 2017
CBC

Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand higher interest rates. [...]

Tesla employees detail how and why they were fired

Wednesday  00:30,   18 october 2017
CNBC

Tesla employees claim they were fired with almost no warning and that the cuts targeted those who were paid most not just "performance" issues.On Friday, October 13th, the San Jose Mercury news first reported that Tesla had dismissed an[...]

What’s Next for the Retail Sector Post-Sears Canada?

Tuesday  20:56,   17 october 2017
The Motley Fool

As Sears Canada prepares to liquidate, attention turns to Hudson’s Bay Co. (TSX:HBC) and other legacy retailers. Will they meet the same fate?Sears’s downfall is a lesson to[...]

Canada’s Best Jobs: What you need to study to land a great gig

Tuesday  20:31,   17 october 2017
Canadian Business

Want a job with the best pay, the most opportunity and the brightest outlook? Here’s how to plan a career in some of the country’s hottest[...]

Dow briefly hits 23,000 for the first time

Tuesday  20:05,   17 october 2017
CNBC

<p>The S&amp;P 500 and Nasdaq indexes were little changed.</p>The Dow traded higher Tuesday, buoyed by strong quarterly results from UnitedHealth Group and Johnson & Johnson and briefly topping 23,000 for the first[...]

'I'm angry,' says Thunder Bay, Ont., Sears customer over extended warranty loss

Tuesday  20:04,   17 october 2017
CBC

A woman in Thunder Bay, Ont. says she recently spent close to $800 on an extended warranty from Sears which will not be honoured, and feels customers have been treated poorly.Earlier this year, Lys Clifford purchased a fridge, stove and dishwasher[...]

Trudeau’s pandering small business tax cut will do nothing for the economy

Tuesday  20:04,   17 october 2017
Maclean's

Opinion: If the Liberals really wanted to help the economy, they’d design a policy with ambitious entrepreneurs in mind—not an army of small-business owners content to stay that wayEditor’s note: The opinions in this article are the author’s, as[...]

NAFTA trade ministers to square off over hard-line U.S. demands

Tuesday  18:25,   17 october 2017
Reuters

NAFTA trade ministers to square off over hard-line U.S.[...]

You can buy a $125 million private island under an hour from NYC

Tuesday  17:20,   17 october 2017
Bloomberg

If the Hamptons are the vacation playground for New York’s rich and famous, the North Shore of Long Island is the backyard for the city’s almost-as-rich and vastly more discreet. Towns less than an hour from New York, such as Glen Cove and Oyster[...]

Why tax and uncertainty don’t mix

Tuesday  16:12,   17 october 2017
Canadian Business

A fresh look at the standing guidelines on employee[...]

NAFTA on the Brink: How Will Canadian Manufacturing Stocks React?

Tuesday  16:12,   17 october 2017
The Motley Fool

NAFTA negotiations have turned sour, and Canadian manufacturers, such as Linamar Corporation (TSX:LNR), could be entering a period of[...]

Shoppers Drug Mart begins cutting jobs

Tuesday  16:12,   17 october 2017
Toronto Star

Shoppers Drug Mart began cutting jobs Monday in order to control costs, according to a confidential employee memo obtained by the Star.“Today is a very difficult day. We have started to inform select office colleagues that they will be leaving the[...]