Crtc Decision Paves Way For Cheaper Cell-Phone Bills — But Canadians May Still Have To Wait - [2022-11-04 Cyfxzl]

wakanda-forever (64) in money • 2 years ago

Freeland unveils tax credits of 30-40% for investment in clean technology and hydrogen: Naimul Karim

Ottawa has announced tax credits for investment in clean technology and hydrogen to try and keep up with U.S. incentives. Read more here.

Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work: Barbara Shecter

Canada Growth Fund will invest in industrial emitters, clean-tech companies and other companies 'across low-carbon supply chains.' Read more

Ottawa aims to balance fiscal restraint with targeted support amid darkening economic outlook: Stephanie Hughes

Chrystia Freeland unveils new targeted new supports as Canada faces soaring inflation and looming recession. Read more

Ottawa reveals plan for new tax on stock buybacks: Barbara Shecter

Ottawa's tax plan is expected to increase federal revenues by $2.1 billion over five years. Read more.

'A softer quarter': Barrick Gold production falls amid rising costs: Gabriel Friedman

Barrick Gold lowered its dividend as net earnings dropped 50%. Find out more.

Price hikes help drive major sales growth at Tim Hortons: Jake Edmiston

Tim Hortons same-store sales grew 11.1 per cent in Canada thanks to price increases. Find out more.

Here's how three portfolio managers are navigating the global economic storm: Stephanie Hughes

These three portfolio managers say there are places where clients can harbour their portfolios from stock market volatility. Read on

David Rosenberg: Fed pulls the old bait and switch and investors are left kicking air: David Rosenberg

Jerome Powell is Lucy, and the rest of us are Charlie Brown, writes David Rosenberg. Read his take on yesterday's Fed developments here.

Ottawa orders Chinese companies to exit three Canadian lithium miners: Naimul Karim

Ottawa has ordered three Chinese companies to exit three Canadian lithium miners based on alleged threats to national security. Read on.

Lightspeed posts wider $79.9-million loss in second quarter: Marisa Coulton

Lightspeed faces a difficult macroeconomic environment, including foreign exchange headwinds and inflation. Here's what you need to know.

CRA says T4 slips insufficient evidence of income for CRB eligibility and judge agrees: Jamie Golombek

A taxpayer said CRA should have accepted T4 as proof of eligibility for CRB, but a judge did not agree, writes Jamie Golombek. Read more.

Trudeau to propose new tax on stock buybacks in Canada: Hsbc Breadcrumb

Trudeau to propose new tax on stock buybacks in Canadafinancialpost.com

Tim Hortons' parent company beats profit expectations as sales surge past pandemic funk: Jake Edmiston

Tim Hortons' parent company Restaurant Brands International Inc. increased sales and boosted profits. Read on

Canadian Natural Resources boosts dividend 13%: Meghan Potkins

Canadian Natural Resources Ltd. reported a profit of $2.8 billion in the third quarter. Find out more.

Aggressive Bank of Canada rate hikes could add more strain on Ottawa’s debt servicing: Stephanie Hughes

Bank of Canada's mission to stomp out inflation risks triggering a recession that could put greater strain on Ottawa's finances. Read on.

Aggressive Bank of Canada rate hikes expected to put more strain on Ottawa's finances: Stephanie Hughes

Bank of Canada's mission to stomp out inflation risks triggering a recession that could put greater strain on Ottawa's finances. Read on.

Telus doesn't need CRTC approval to surcharge majority of customers, regulator says: Denise Paglinawan

Telus implemented the 1.5% charge last month for most wireless and home-service customers who pay their bills by credit card. Read more.

U.S. Federal Reserve delivers another big rate hike: Read the official statement: Financial Post Staff

Read the U.S. Federal Reserve's officials after it raised interest rate by 75 bps to fight inflation

Bank of Canada is walking a fine line, but rates will go higher, says Tiff Macklem: Stephanie Hughes

Bank of Canada is engaged in a balancing act as it looks to prevent inflation from becoming entrenched while avoiding a recession. Read more

Rio boosts chances of Turquoise Hill takeover on deal with activist shareholders: Naimul Karim

Rio Tinto has likely cleared the way for the takeover of Turquoise Hill after inking a deal with activist shareholders. Read more here.

Canada Goose lowers outlook as China's zero-COVID policy hits sales: Bianca Bharti

Canada Goose brought in $277.2 million for its second quarter ended on Oct. 2, a 19 per cent increase from the same time a year ago. Read on.

Is the Bank of Canada reaching the end of its rate raising cycle?: Gabriel Friedman

Kevin Carmichael discusses how far along he thinks the Bank of Canada is in its rate raising cycle on Down to Business podcast. Listen here

Sparks fly at Rogers-Shaw case conference with Competition Bureau: Barbara Shecter

Rogers, Shaw and Competition Bureau sparred over whether the trial would include the original merger proposal or a revised one. Read more.

Canada to admit 1.4 million immigrants in three years to address labour shortages: Naimul Karim

Ottawa's new selection tools will better target sectors that have the highest need for labour. Read more.

Calgary home sales on track for record year even as market eases in October: Shantaé Campbell

Sales and new listings were down for a seventh straight month and benchmark prices dipped slightly from September. Read more.

Postmedia names Mary Anne Lavallee chief financial officer and chief transformation officer: Financial Post Staff

Lavallee had previously been the company’s chief operating officer and interim CFO

Foreign students accuse Canada of exploiting them for 'cheap labour': Randy Thanthong-Knight, Bloomberg News

'I regret choosing Canada as a country to immigrate to,' said a former student at Seneca College near Toronto. Read more.

Vass Bednar: Let cash be king again — Why businesses should be forced to accept paper money: Special to Financial Post

The general elimination of cash as a payment option creates problems for small businesses and consumers alike, writes Vass Bednar. Read more

Vancouver miner Pure Gold seeks creditor protection after suspending operations for lack of money: Naimul Karim

Pure Gold Mining applies for creditor protection a week after suspending its underground mining operations in Ontario. Read on

Elon Musk orders Twitter staff to work 24/7 on 'blue tick' charge: Hannah Murphy in San Francisco, Cristina Criddle in London and James Fontanella-Khan in Milan, Financial Times

Twitter's new owner Elon Musk said to want paid subscription as a condition of having verified profile on social media platform. Read more.

Forcing real estate brokers onto MLS probably a good thing for both buyers and sellers: Special to Financial Post

CREA's decision to force real estate brokers onto the MLS starting Jan. 1, 2023, likely good for home buyers and sellers. Read on

Market corrections are where returns are made so don't head for the sidelines: Martin Pelletier

Martin Pelletier: Beware the doom-and-gloomers with their all-or-nothing approach

Ottawa's finances are in better shape than expected — but don't get used to it, say economists: Financial Post Staff

Ottawa's finances are improving as revenues climb and spending eases now that pandemic aid programs have ended. Read more

Everything you need to know about the Bank of Canada rate hike: Financial Post Staff

FP Video breaks down the interest rate decision, talks to an expert about what it means and examines what comes next for the economy. Watch

Ottawa raises the bar for foreign entry into Canada's critical minerals industry: Naimul Karim

Any attempt by a state-owned enterprise to purchase assets in the sector can now trigger a review on national security grounds. Read more.

Hybrid work is the future, but expect to be in the office more often than not: Victoria Wells

Employers are trending toward bringing workers back into the office more days of the week, Staples Canada's CEO says. Find out more.

David Rosenberg: Canada's housing bubble has burst — now brace yourself for the economic hit: David Rosenberg

Canadian home prices are now down nine per cent from their peak en route to a 30 per cent or so decline, says David Rosenberg. Read more

Air Canada loses $508 million in 'operationally challenging' quarter: What you need to know: Marisa Coulton

Air Canada's CEO apologized for a summer of travel chaos as the carrier reported a loss of $508 million for the third quarter. Read on

The very Canadian problem at the heart of our supply chain woes: Jake Edmiston

A top grain exporter says Canada has been too soft on the two companies that control the rail system: CN and CP Rail. Read more.

Elon Musk takes over Twitter, firing top executives: Sheila Dang and Greg Roumeliotis, Reuters

The CEO and CFO were escorted from the building when the deal closed, sources say.

There's a good side to oligopolies and a lack of competition if you're an investor: Tom Bradley

What’s hammering your budget may be benefiting your portfolio, writes investing pro Tom Bradley. Read more.

Three strategies for retirees to consider in times of market volatility: Special to Financial Post

A big part of investment success is how you manage emotions during market volatility, writes Rita Li. Read on.

FP Answers: Is whole life insurance a good investment? If so, in what circumstances?: Julie Cazzin

If you have a large or complicated estate, it pays to take a look at insurance, experts say. Read on.

Elon Musk completes US$44B Twitter takeover, fires CEO and other top executives: Sheila Dang and Greg Roumeliotis, Reuters

Musk, who has said he plans to cut jobs at the company, also said on Thursday he did not buy Twitter to make more money but 'to try to help humanity'

Aritzia sets sights on U.S. growth following pandemic-era success: Bianca Bharti

Fashion retailer Aritzia Inc. crossed the $1 billion sales threshold for the first time in the throes of the COVID-19 pandemic. Read more.

Teck Resources' oilsands exit will allow it to lean into 'low-carbon metals,' says CEO: Gabriel Friedman

Miner sells its 21.3% stake in the Fort Hills oilsands site to Suncor for $1 billion. Read on

Vass Bednar: Why Champagne's intervention in the Rogers-Shaw merger rings hollow: Special to Financial Post

Champagne's move could be interpreted as bullying the Competition Commissioner into doing what Ottawa wants, writes Vass Bednar. Read on.

Toronto rent prices surge by double-digits in third quarter: Shantaé Campbell

According to TREBB, the average one-bedroom apartment rent was up 20.4% to $2,481 from $2,061 in 2021. Find out more

'We've never been in better shape': CP Rail boosts profit and outlook ahead of 'top five all-time' grain crops: Jake Edmiston

Canadian Pacific Railway says it's ready to ship a bumper crop of Canadian grain this year. Find out more

Kevin Carmichael: Why Tiff Macklem is willing to risk a recession to crush inflation: Kevin Carmichael

Bank of Canada governor Tiff Macklem is prepared to push interest rates higher to tackle inflation. Read Kevin Carmichael's analysis.

Precision Drilling returns to profitability for first time since 2019: Meghan Potkins

Revenues jump on a tight rig supply and a 27% increase in North American drilling activity. Read on

'We're not there yet': Macklem signals more rate hikes as economists make bets on how high they'll go: Stephanie Hughes

Most economists predict the end point of the Bank of Canada's interest rate increases at a range of 4 to 4.25%. Find out more.

Getting a head start on tax-loss selling? Keep these five things in mind: Jamie Golombek

In tax-loss selling, beware the superficial loss rule along with currency implications, writes Jamie Golombek. Find out more.

Property tax rate balance tilting further against commercial properties, report finds: Shantaé Campbell

The gap between commercial and residential property tax rates in Canada is growing, says a new report. Find out more.

Canadian banks raise prime rate to 5.95% after Bank of Canada hike: Financial Post Staff

Canada's commercial banks began announcing hikes to their prime rate after the Bank of Canada raised its key interest rate. Read on

Manufacturing labour shortage costing Canadian economy almost $13 billion: Denise Paglinawan

Canadian Manufacturers and Exporters says more than 80% of manufacturers faced staff shortages for two years. Find out more.

Hundreds of businesses call on governments to require them to release biodiversity data: Marisa Coulton

Ahead of COP15, businesses argue mandatory reporting would give them the information they need to meet biodiversity targets. Read more.

Bank of Canada swerves in 'game of chicken' with inflation: What economists say: Stephanie Hughes

Bank of Canada blinked in its battle with inflation and raised interest rates just 50 basis points. Find out what the economists say

Bank of Canada hikes interest rate by 50 basis points: Financial Post Staff

Bank of Canada hikes interest rate by 50 basis pointsfinancialpost.com

Bank of Canada raises interest rates: Read the official statement: Financial Post Staff

The Bank of Canada raised its key interest rate by 50 basis points on Wednesday to 3.75%. Read the central bank's official statement here.

Ontario announces 'bold' new plan to meet target of building 1.5 million homes: Stephanie Hughes

Ontario government unveiled a series of new measures aimed at tackling the housing supply shortage and affordability crisis. Read on

CN boosts profit forecast after record revenues in third quarter: Jake Edmiston

CN's revenues jumped by $922 million in the quarter to $4.5 billion — an increase of 26 per cent compared to last year. Find out more.

Ottawa has 13% support on its oil and gas policies: Opinion: Special To Financial Post

A new poll shows Canadians are more than three times more likely to agree with the oil and gas industry than Ottawa. Read on.

David Rosenberg: The economies best positioned to withstand rising rates: David Rosenberg

investors would do well to be discerning, and focus on countries with manageable public debt levels, Rosenberg Research says. Find out more.

CIBC CEO calls for overhaul of immigration policy, highlighting threat posed by labour shortages: Naimul Karim

Dodig says Canadian professions undervalue foreigners' skills, housing is too expensive and wages are too low. Find out more.

The markets killed your early retirement dream, but there is a way to Freedom 65: Special to Financial Post

Almost half of baby boomers expect to work past the age of retirement or don’t plan to retire at all. Read on

Competition watchdog to probe grocery sector amid inflation concerns: Jake Edmiston

Canada's grocers face scrutiny from the Competition Bureau amid concerns that supermarket giants took advantage of the inflation crisis.

Bracing for interest rate hike, Canadians are feeling the pinch: Pamela Heaven

Bracing for interest rate hike, Canadians are feeling the pinchfinancialpost.com

Fundamentals 'Flashing Red'; Last Pillar of Credit Crumbles...: financialpost.com

Corporate credit conditions are worsening, with the last of three key measures “flashing red,” according to Janus Henderson. Read more.

Victor Dodig: Canada must urgently address affordability, housing woes so immigrants can thrive: Special to Financial Post

Our shared prosperity depends on remaining a welcoming nation of opportunity, writes CIBC CEO Victor Dodig. Read more.

Investors need to leave the past in the past and focus on doing the right thing in the present: Martin Pelletier

Martin Pelletier: This is one mistake I promised myself I would not make again regardless of what segment of the market it is in. Read on.

'Whistling past the graveyard’: Bank of Canada expected to go big with October rate hike as recession risks loom: Stephanie Hughes

The central bank is expected to raise the policy rate by 50 or 75 basis points as part of the Bank's strategy of front-loading rate hikes

How Montreal's video game industry is changing to meet labour demands: Caitlin Yardley, The Canadian Press

It is projected that there will be a continued shortage of video game developers over the next 10 years. Read more.

Lifting work cap on international students a good start, but more needed to tackle labour crisis, experts say: Naimul Karim

Canada’s decision to temporarily allow international students to work more hours will help but experts say more needed to ease labour crisis

Senate should kill online censorship bill: Opinion: Special To Financial Post

Widespread opposition to the bill is coming from all corners of the country, writes Jay Goldberg. Find out more.

This Toronto-based company wants to turn Mexico's dollar store industry upside down: Marisa Coulton

‘Chili-cucumber flavoured gummies’: PesoRama’s product offering is tailor-made for the Mexican market

Five winning investments in 2022 and their prospects ahead: Peter Hodson

Peter Hodson: There is always a bull market in something

FP Answers: Should I invest in an RRSP or non-registered account when saving for a home?: Julie Cazzin

Anthony, 25, plans to buy a house soon and wants the biggest down payment possible. Here's a financial planner's tips on maximizing savings.

Mark Carney says fiscal discipline 'imperative' to combat global inflation, instability: Stephanie Hughes

Mark Carney says it's time to use prudent fiscal policy, reduce deficits to fight global financial challenges. Read on.

Small businesses can still make claims in credit-card class action after deadline extended: Denise Paglinawan

Small- and medium-sized businesses have until end of the year to file for compensation in settlement with Visa and Mastercard. Find out more

CRTC decision paves way for cheaper cell-phone bills — but Canadians may still have to wait: Barbara Shecter

CRTC policy aims to increase competition and lower cell-phone prices, but analysts don't expect a flood of new operators. Find out more

Why a business owner who paid himself dividends got into trouble with the CRA: Jamie Golombek

The Canada Revenue Agency doesn't consider a dividend a legal remuneration, which can have severe implications. Jamie Golombek explains.

David Rosenberg: Canada's message to the rest of the world: Bring us your workers: David Rosenberg

A boom in immigration to Canada is set to boost near- and long-term economic growth, write David Rosenberg and Alena Neiland. Read more.

Forget the corporate PR campaigns, here's how to really save on groceries: Special to Financial Post

There are ways to cut back on what you spend at the supermarket. Find out here.

Inflation relief or PR stunt? Loblaw's No Name price freeze looks a lot like a routine holiday tactic, insiders say: Jake Edmiston

Loblaw's No Name price freeze isn't a big deal since it's a period when grocers face little pressure from suppliers to hike prices. Read on.

Here's who's investing in cryptocurrency in Canada: Barbara Shecter

An OSC survey sheds light on Canadian crypto investors, and their lack of knowledge over ownership rules. Find out more.

Odds of a 75-bps hike from the Bank of Canada just went up, economists say: Gigi Suhanic

Canada inflation numbers will give the Bank of Canada no reason to change its hawkish stance, economists said. Read on

Inflation slows to 6.9% — but that's still too fast for the BoC: What you need to know: Kevin Carmichael

Inflation pressures in Canada appear to be receding, albeit slowly, writes Kevin Carmichael. Read on

[news curation]@wakanda-forever

Posted using Partiko Android

money market economy partiko finance

2 years ago by wakanda-forever (64)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

fuli (52) · 2 years ago

You've got a free upvote from witness fuli.
Peace & Love!

$0.00