Fort McMurray Business News | Latest Financial Headlines

Former industry minister takes parting shot at Canada's risk-averse business community

Kevin Carmichael: With a new budget on the way, those bags of cash that Navdeep Bains originally dangled in front of our captains of industry are about to get bigger

1 day ago Economy

It's up to Navdeep Bains' former colleagues to write the final chapter of his legacy.

Family Finance

Putting their $580,000 in cash to work is key to this Alberta couple's retirement

Because they have no debts, they can accumulate more savings, which can bloom as productive investments

2 days ago Family Finance

This couple are diligent savers but not well focused on investing their savings.

Transportation

Partial strike at Montreal port disrupting supply chain, piling on extra costs, shippers and manufacturers warn

Strike could force manufacturers to slow down or halt some of their production lines almost immediately

with Video

2 days ago Transportation

Shipping containers on a ship docked at the Port of Montreal.

Taxes

Investors should beware this quirk in the superficial loss rule when filing their taxes

Jamie Golombek: A little-known CRA administrative policy may help you claim some of an otherwise superficial loss, depending on the circumstances

with Video

2 days ago Taxes

Investing

David Rosenberg: Raising money to support pandemic spending is critical, but corporate tax hikes would be a fool's errand

Not only would they not pay for much, they would also damage America's competitiveness by making it the highest tax jurisdiction in the OECD

2 days ago Investing

U.S. President Joe Biden's administration has proposed to amend corporate tax law in an effort to raise US$2 trillion over 15 years to cover the costs of the infrastructure package.

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Taxes

Former Toronto Maple Leafs GM wins tax battle as judge calls CRA's position 'absurd'

Jamie Golombek: The dispute concerned the amount of Canadian income tax Dave Nonis had to pay related to the salary he earned from the Leafs after he was fired by the club

2 days ago Taxes

Dave Nonis, then general manager of the Toronto Maple Leafs, in 2014.

Economy

Homes are winning out over hotels for travellers

Glenn Fogel, CEO of Booking.com, speaks about the state of the travel and tourism industry amid the pandemic

with Video

3 days ago Economy

The Airbnb Inc. application on an iPhone and iPad.

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Money

Money Lady - Why CB scores drop

ASK THE MONEY LADY

3 days ago Money

Economy

Businesses are sitting on record $130B in excess cash, but will they invest it coming out of the pandemic?

CIBC deputy chief economist Benjamin Tal pointed out that businesses' participation in Canada's economic recovery could be limited by a couple of factors

3 days ago Economy

"The question is whether or not this money will be spent to reverse the decline in business investment."

Economy

Will Ottawa unveil new taxes in the budget next week?

Dino Infanti Partner, National Leader, Enterprise Tax KPMG, on what might be in the federal budget next week

with Video

4 days ago Economy

Canada's Finance Minister Chrystia Freeland delivers her first fiscal update, the Fall Economic Statement 2020, in the House of Commons, in Ottawa Nov. 30, 2020.

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Economy

Canada must avoid the '2% growth trap,' when pandemic ends, Scotia CEO says

Funding for child-care and businesses and freer provincial trade needed to lift economy out of doldrums of last 20 years

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5 days ago Economy

Scotiabank CEO Brian Porter said that Canada had been seeing slower growth even before the pandemic, as gross domestic product grew at an average annual rate over the past 20 years of less than two per cent.

Personal Finance

Updated Divorce Act emphasizes parental responsibilities over rights to children

Laurie H. Pawlitza: Changes reflect a social and cultural shift away from the adversarial process, while recognizing effect of family violence

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5 days ago Personal Finance

Changes to the Divorce Act are a significant shift when it comes to the roles and responsibilities of spouses to their children.

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Economy

New inflation data suggest Bank of Canada needn't worry about raising rates anytime soon

Kevin Carmichael: Evidence of calm from executives and households will embolden central bank to stick to current plans

with Video

6 days ago Economy

Real Estate

Low rates leave policymakers with tough choices as pandemic housing boom rages

'We have extraordinary low interest rates, because of the extraordinary circumstances of the pandemic, and extraordinary circumstances require extraordinary measures'

with Video

April 9, 2021 Real Estate

"You don't need interest rates to go back by four or five per cent in order to slow down this market ... You raise it by one-and-a-half per cent, you basically double mortgage payments for people."

Family Finance

This Alberta couple wants to spend on some big ticket items — can they retire now or should they wait?

They're flush with savings, but will need to boost income to cover the $95,000 they want to spend on a reno, wedding gifts and a new car

with Video

April 9, 2021 Family Finance

Robert and Ashley have a secure financial future.

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Taxes

Difference between current and capital expenses has big tax consequences for rental property owners

Jamie Golombek: Here's a review of the rules for deducting expenses and a recent tax case on the subject

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April 9, 2021 Taxes

Real Estate

Tightening mortgage stress test could have fast impact on housing market, RBC CEO says

Dave McKay told reporters that he did think some action will be necessary to cool demand in the market in the short term, but that it should be 'modest'

April 8, 2021 Real Estate

RBC president and CEO Dave McKay: "We can implement this quickly, and make an immediate impact with it."

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Economy

Safeguards needed to protect households from rising interest rates if inflation kicks in, CIBC's Dodig says

Decision-makers need to look beyond the pandemic-ravaged economy's initial rebound and plan for longer-term effects

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April 8, 2021 Economy

Canadians have tucked away $180 billion in precautionary savings during the pandemic, and that extra spending power is expected to boost the economy when restrictions are lifted.

Retirement

Canadian inheritances could hit $1 trillion over the next decade and both bequeathers and beneficiaries need to be ready

Jason Heath: Here are some decisions and strategies to consider when it comes to the complexities of estate planning

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April 8, 2021 Retirement

An illustration of money folded into paper airplanes flying through the air

Real Estate

Surge in home listings getting 'vapourized' by demand, BMO economist says

Research report suggests new listings are strong, it's just that demand is far stronger

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April 8, 2021 Real Estate

A real estate sign reading "Sold Over Asking" stands on display outside a townhouse in Richmond, British Columbia.

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Economy

Industry groups urge Ontario to prioritize vaccinating their workers as province hit by fresh pandemic wave

The Canadian Federation of Independent Business said its disappointed with the province's latest order and urged the Ontario government to 'ramp up vaccination schedules'

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April 7, 2021 Economy

Ontario Premier Doug Ford said Wednesday the province plans to start vaccinating people aged 18 and older living in COVID-19 hot spots, including teachers and essential workers.

Economy

How the often neglected hewers of wood and drawers of water are saving Canada some pain

Kevin Carmichael: The heroes of the crisis might be a couple of forgotten stars of Canada’s economy

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April 7, 2021 Economy

Non-energy commodities such as lumber and canola have been driving the trade recovery.

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Economy

BMO chief executive urges policymakers to watch, but wait, on housing intervention

Canada’s housing markets evolving with each passing week and the pattern looks set to continue, Darryl White says

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April 7, 2021 Economy

An aerial photo of homes in Burnaby, B.C.

PostPandemic

The pandemic exposed flaws in Canada's economic system. Fixing them won't be easy

Kevin Carmichael: All we've done to date is apply very expensive Band-Aids

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April 7, 2021 PostPandemic

The COVID-19 pandemic has hit jobs and sectors that historically have fared better during hard economic times.

Economy

Optimism over Canada and U.S. economies is overdone: David Rosenberg

Rosenberg Research chief economist talks about where the economy and inflation are going and Canada's hot housing market

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April 6, 2021 Economy

Former industry minister takes parting shot at Canada's risk-averse business community

Putting their $580,000 in cash to work is key to this Alberta couple's retirement

Partial strike at Montreal port disrupting supply chain, piling on extra costs, shippers and manufacturers warn

Investors should beware this quirk in the superficial loss rule when filing their taxes

David Rosenberg: Raising money to support pandemic spending is critical, but corporate tax hikes would be a fool's errand

Latest Videos

Up Next

Former Toronto Maple Leafs GM wins tax battle as judge calls CRA's position 'absurd'

Homes are winning out over hotels for travellers

Money Lady - Why CB scores drop

Businesses are sitting on record $130B in excess cash, but will they invest it coming out of the pandemic?

Will Ottawa unveil new taxes in the budget next week?

weather (Fort McMurray)

LOCAL SPOTLIGHT

Canada must avoid the '2% growth trap,' when pandemic ends, Scotia CEO says

Updated Divorce Act emphasizes parental responsibilities over rights to children

New inflation data suggest Bank of Canada needn't worry about raising rates anytime soon

Low rates leave policymakers with tough choices as pandemic housing boom rages

This Alberta couple wants to spend on some big ticket items — can they retire now or should they wait?

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Contests

Difference between current and capital expenses has big tax consequences for rental property owners

Tightening mortgage stress test could have fast impact on housing market, RBC CEO says

Safeguards needed to protect households from rising interest rates if inflation kicks in, CIBC's Dodig says

Canadian inheritances could hit $1 trillion over the next decade and both bequeathers and beneficiaries need to be ready

Surge in home listings getting 'vapourized' by demand, BMO economist says

Industry groups urge Ontario to prioritize vaccinating their workers as province hit by fresh pandemic wave

How the often neglected hewers of wood and drawers of water are saving Canada some pain

BMO chief executive urges policymakers to watch, but wait, on housing intervention

The pandemic exposed flaws in Canada's economic system. Fixing them won't be easy

Optimism over Canada and U.S. economies is overdone: David Rosenberg

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Fort McMurray Business News | Latest Financial Headlines | Fort Mcmurray Today

Former industry minister takes parting shot at Canada's risk-averse business community

Putting their $580,000 in cash to work is key to this Alberta couple's retirement

Partial strike at Montreal port disrupting supply chain, piling on extra costs, shippers and manufacturers warn

Investors should beware this quirk in the superficial loss rule when filing their taxes

David Rosenberg: Raising money to support pandemic spending is critical, but corporate tax hikes would be a fool's errand

Latest Videos

Up Next

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Former Toronto Maple Leafs GM wins tax battle as judge calls CRA's position 'absurd'

Homes are winning out over hotels for travellers

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Money Lady - Why CB scores drop

Businesses are sitting on record $130B in excess cash, but will they invest it coming out of the pandemic?

Will Ottawa unveil new taxes in the budget next week?

weather (Fort McMurray)

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LOCAL SPOTLIGHT

Canada must avoid the '2% growth trap,' when pandemic ends, Scotia CEO says

Updated Divorce Act emphasizes parental responsibilities over rights to children

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New inflation data suggest Bank of Canada needn't worry about raising rates anytime soon

Low rates leave policymakers with tough choices as pandemic housing boom rages

This Alberta couple wants to spend on some big ticket items — can they retire now or should they wait?

Around the Network

Contests

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Difference between current and capital expenses has big tax consequences for rental property owners

Tightening mortgage stress test could have fast impact on housing market, RBC CEO says

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Safeguards needed to protect households from rising interest rates if inflation kicks in, CIBC's Dodig says

Canadian inheritances could hit $1 trillion over the next decade and both bequeathers and beneficiaries need to be ready

Surge in home listings getting 'vapourized' by demand, BMO economist says

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Industry groups urge Ontario to prioritize vaccinating their workers as province hit by fresh pandemic wave

How the often neglected hewers of wood and drawers of water are saving Canada some pain

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BMO chief executive urges policymakers to watch, but wait, on housing intervention

The pandemic exposed flaws in Canada's economic system. Fixing them won't be easy

Optimism over Canada and U.S. economies is overdone: David Rosenberg

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News Releases GlobeNewswire

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