News: Money

Most boomers plan to stay put in next 5 years: study

Thursday  07:31,   09 august 2018
msn

A new study finds that some 80 per cent of Canadian baby boomers plan to stay put in their homes in the next five years as a majority consider their local housing market unaffordable for retirement. The Leger and Royal LePage survey of 1,000[...]
News / Money

Canadian dollar gets whacked after Saudi Arabia reportedly starts dumping the country's assets 'no matter the cost'

Thursday  07:31,   09 august 2018
msn

The Canadian dollar slid Wednesday after the Financial Times reported that Saudi Arabia had begun selling off its holdings of the country's bonds, stocks, and cash.According to the FT's Simeon Kerr, Saudi Arabia ordered the divestments "no[...]

Millennials: Retire Young With These 2 TFSA Millionaire-Maker Stocks

Thursday  06:16,   09 august 2018
fool

Millennials should buy and hold Cargojet Inc. (TSX:CJT) and one other stock forever if they desire to retire early.Load[...]

How this 28-year-old built up $250,000 in savings and plans to retire by 37

Wednesday  18:05,   08 august 2018
cnbc

How this 28-year-old built up $250,000 in savings and plans to retire by 37Sean, who asked to remain anonymous, is well on his way to early retirement: By age 25, his net worth hit six figures, and today, at 28, he has more than $250,000 in the[...]

Opinion: Don’t hold your breath for ‘Buck-a-Beer’

Wednesday  16:07,   08 august 2018
globalnews.ca

Opinion: Don’t hold your breath for ‘Buck-a-Beer’What Ford actually did was to announce legislation that would lower the minimum price that brewers can charge for beer to $1 from[...]

Elon Musk Makes $82 Billion Gambit to Silence Tesla Critics

Wednesday  15:27,   08 august 2018
msn

Elon Musk Makes $82 Billion Gambit to Silence Tesla Critics(Bloomberg) -- The wild tweet hit Wall Street at precisely 12:48 p.m. Tuesday -- and things just keep getting[...]

Canada's oil price discount rises to widest gap since 2013

Wednesday  12:40,   08 august 2018
cbc.ca

The price gap between the thick and heavy Canadian oil benchmark and the more widely used American one has risen to its widest level in more than five years. The price of the heavy tarry type of oil that comes out of Alberta's oilsands — known as [...]

Kingston set to rein in Uber

Wednesday  12:40,   08 august 2018
cbc.ca

Under a new bylaw passed by the Kingston Area Taxi Commission, the city will soon start regulating ride-hailing services much like it does traditional taxis. Under the bylaw, companies such as Uber or Lyft will be required to pay a[...]

Half of Ontario boomers willing to downsize

Wednesday  11:12,   08 august 2018
thestar

The most affluent generation in Canadian history isn’t convinced that it needs to downsize. Even baby boomers who expect to move to a smaller home in the next five years are waiting for the kids to leave and casting about for more affordable[...]

Why Warren Buffett Is Going to Make Even More Money Over the Next Week!

Wednesday  09:36,   08 august 2018
fool

After making billions last week, Warren Buffett can keep the train going with Home Capital Group Inc (TSX:HCG) over the next week.That could all change in the coming[...]

Largest Aimia shareholder says Air Canada group's offer was 'blatantly inadequate'

Wednesday  09:36,   08 august 2018
cbc.ca

The largest shareholder in Aeroplan's parent company, Aimia Inc., has applauded the firm's board of directors for not agreeing to sell the Aeroplan point program to a group led by Air Canada.In an open letter, Christopher Mittleman, the[...]

Papa John's sales drop amid founder controversy

Wednesday  09:36,   08 august 2018
msn

Papa John's sales drop amid founder controversyLoad[...]

Spat with Saudis hits home in London, Ont.

Wednesday  09:35,   08 august 2018
msn

Spat with Saudis hits home in London, Ont.The city's General Dynamics Land Systems plant has been supplying light armoured vehicles to Saudi security forces, thanks to a huge, $15-billion contract signed by the federal government in[...]

Why Elon Musk wants to take Tesla private

Wednesday  07:20,   08 august 2018
cnbc

Why Elon Musk wants to take Tesla privateTesla shares went on a wild ride Tuesday after CEO Elon Musk said on Twitter that he was hoping to privatize the company at $420 a share. At that price, the market value of Tesla would be about $71[...]

Trans Mountain costs spike by up to $1.9B

Wednesday  02:30,   08 august 2018
msn

Trans Mountain costs spike by up to $1.9BThe figures are included in documents the company filed Tuesday with the United States Security and Exchange Commission related to its plan to sell the pipeline to the Canadian government for $4.5[...]