Is gas driving inflation? The agency said gasoline prices rose 0.4% in June following a 5.6% jump in May. Excluding gasoline, the consumer price index rose 2.8% in June. StatCan said lower prices for durable goods also contributed to the overall slowdown in...
RESP contributions grow tax-deferred and are eligible for government grants and bonds. Withdrawals are partially taxable and partially tax-free. The taxable portion can be taxed to the post-secondary student, who may pay little to no tax on the income. Should you give your...
The job losses, which amount to around 800 positions, come during a turbulent year for the Toronto-based television and radio broadcaster, mired by advertising revenue declines, regulatory challenges and licensing battles. On Monday, Corus reported a loss attributable to shareholders of $769.9 million...
In a release Monday, the storied Hamilton, Ont.-based steelmaker said it agreed to sell all issued and outstanding common shares for $70 per share to Ohio-based Cleveland-Cliffs, one of North America’s largest steel manufacturers. “I know that Cliffs will continue to build upon...
Are U.S. rate cuts on the way? While Canada’s inflation rate is obviously at the forefront around decision making for the Bank of Canada (BoC) in setting the key interest rate, inflation below the border is also a major consideration. Arguably, policymakers are...
The Canada Carbon Rebate is a tax-free payment, created to help Canadian households offset the cost of federal pollution pricing at gas pumps. According to the Canadian government, eight in 10 families will get back more than they pay into the carbon...
What is the Wealthsimple Cash card? The Wealthsimple Cash card is a prepaid Mastercard available to anyone with a Wealthsimple Cash account. With this card, you can use the funds in your account to make purchases in-store or online. It’s essentially a debit...
Coinbase Global Inc., based in the U.S., is a publicly traded company that has more than eight million users and operates in over 100 countries. Coinbase formally launched in Canada in August 2023, though it has offered services here since 2015. For...
Not just domestic fund managers like Evolve and CI are entering the Canadian AI ETF scene. Invesco Canada offers INAI, which tracks a namesake index for a 0.35% management fee. The index is actively managed by the “Morningstar Equity Research Next Generation...
Before locking into a familial loan, both parties must assess whether they are on the same page and are in a position to take on this type of agreement—along with knowing the power and relationship dynamics that could come with it. Here...
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