The Bank of Canada also has a mandate to keep inflation, as measured by the CPI, within a target range. Since 1993, the Bank and the federal government have agreed that the Bank will adjust its interest rates to maintain year-over-year CPI...
The difficulties facing newcomers to Canada with respect to retirement planning are particularly acute. Given how Canada’s immigration points system works, economic immigrants are usually in their late 20s or early 30s—and they face unique challenges: Depleted savings: If you’re a 30-year-old newcomer,...
What is the legal age to work in Canada? The legal age to work in Canada depends on the province, industry and type of work. Some jobs for youth may require a work permit and parent/guardian consent regardless of immigration status, such as...
Even if you’re simply buying, trading and selling crypto as an investment, the CRA might still view your earnings as business income—especially if this is something you do frequently with the intention of turning a profit. Some of the factors the CRA considers...
Growing grocery delivery business and other opportunities The company also said it’s hitting pause on a new fulfilment centre to help save costs in its grocery delivery business Voilà, among other changes. “While the market penetration of Voilà continues to be strong, the size...
Trump’s down, Oracle’s up Tuesday’s earnings call was the best day that Oracle shareholders have seen in a while. Oracle earnings highlights All figures in U.S. currency in this section. Oracle (ORCL/NYSE): Earnings per share came in at $1.39 (versus $1.32 predicted), and revenues of $13.31...
“It’s just one small part of our store,” Neil Rossy told analysts on a Wednesday call (on Sept. 11), where he was questioned about the company’s food merchandise and rivals playing in the same space. “We will keep an eye on all retailers—like...
“Markets’ reaction [to the rate cuts] so far has been largely muted,” wrote RBC assistant chief economist Robert Hogue, in the bank’s latest economics report on housing. “It will clearly take deeper rate cuts to stimulate demand in a material way, as...
A report by TD economist Rishi Sondhi said sales activity hasn’t been absorbing supply fast enough, with July condo resales in the GTA down 25% from pre-pandemic levels. Sondhi said the trend is tied to factors such as a wave of newly built...
Fee-based advisors, who charge based on asset size, typically work better for people with more assets and dollars to invest. Tam said fee-based financial planning aligns the motivation of an advisor with the client. “They’re not going to be motivated to do what we...
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