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  • 03 Apr 2017 16:03 | Manjot Cheema (Administrator)

    Not all investments are taxed equally. And that’s why you can save tax dollars by giving income generating investments like bonds, GICs and high interest savings accounts first priority in a registered retirement savings plan or tax free savings account.

    Any tax expert will tell you to never make an investment decision solely based on how it’s taxed – but what goes into or outside registered accounts like RRSPs and TFSAs can make a big difference.Read More 

  • 10 Mar 2017 12:45 | Manjot Cheema (Administrator)

    Shares in Toronto-Dominion Bank on Friday had their biggest one day decline since December 2014 after CBC News reported that employees of the bank were being pressured to meet high sales revenue goals, traders said.

    In an emailed response to Reuters regarding the CBC story, Toronto-Dominion Bank said, "The environment described in the media report is very much at odds with how we run our business, and we don't recognize it from our own perspective, experience or assessments."Read More

  • 23 Feb 2017 15:14 | Manjot Cheema (Administrator)

    TORONTO - A new survey suggests Canadians contributed less to their tax-free savings accounts last year, mostly because they didn't have enough money to invest.The Bank of Montreal's annual TFSA survey found respondents contributed an average of $4,592 into their accounts last year -- $939 less than the year before.Forty-three per cent indicated that drop was due to a lack of funds, while 36 per cent said they required the cash for other expenses.Respondents estimated they would contribute even less this year, estimating an average of $4,325.Read More

  • 14 Feb 2017 11:57 | Manjot Cheema (Administrator)

    A new report from C.D. Howe Institute warns that a border adjustment tax (BAT) implemented by the Trump administration would drag down Canada’s economy and could also be damaging to other U.S. trading partners.

    While such a border tax has not yet been imposed, the report predicts such a levy would cut Canada’s gross domestic product by a full percentage point. The BAT would be part of a larger reform plan to cut the U.S. corporate tax rate to 20 per cent from 35 per cent.Read More 

  • 06 Feb 2017 14:42 | Manjot Cheema (Administrator)

    The Canadian dollar weakened against its U.S. counterpart on Monday as oil prices slipped and bond yields set a one-week low, with investors awaiting December trade data due on Tuesday for signs of momentum in a nascent export revival.

    The loonie has gained for two straight weeks on a combination of favorable economic data and greenback weakness. Last week it touched its strongest level since September.At 8:47 a.m. ET, the Canadian dollar was trading at $1.3073 to the greenback, or 76.49 U.S. cents, weaker than the Bank of Canada's official close on Friday of $1.3028, or 76.76 U.S. cents. Read more

  • 02 Feb 2017 12:59 | Manjot Cheema (Administrator)

    Bank of Nova Scotia (BNS.TO 0.03%) said on Thursday that the introduction of new digital technologies would enable the bank to lower its operating costs and increase profits.

    Scotiabank is investing in new digital technologies in response to customers transacting far less in branches and using mobile banking apps much more. The bank has said it plans to cut 5 per cent of branches in the next two years Read More

  • 30 Jan 2017 18:48 | Manjot Cheema (Administrator)

    Canada’s top diplomat in Washington D.C. is calling on corporate Canada to take a more active role in engaging with the United States. In an interview on BNN, David MacNaughton, Canada’s ambassador to the U.S., said the private sector should throw its weight behind efforts to highlight the close economic ties between the two nations by reiterating that 35 states rely on Canada as their largest export market.Read More 

  • 25 Jan 2017 13:14 | Manjot Cheema (Administrator)

    Consumer behaviours are evolving faster than ever. And it has never been more important—or more challenging—for entrepreneurs to stay on top of consumer trends in order to better compete and grow.

    A recent BDC study identified five consumer trends that will transform the way you do business in 2017 and the strategies you can use to take advantage of them. Here are some of the highlights from the study.Read More

  • 23 Jan 2017 12:48 | Manjot Cheema (Administrator)

    U.S. President Donald Trump met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country.Trump, who took office on Friday, promised to bring manufacturing plants back to the United States - an issue he said helped him win the Nov. 8 election.Read More

  • 19 Jan 2017 11:05 | Manjot Cheema (Administrator)

    The S&P/TSX Composite Index rose on Thursday as oil prices rose and the energy, financial and industrial groups gained ground.

    The index was up 17.50 points, or 0.11 percent, at 15,415.35, shortly after the open. Seven of the index's 10 main groups were higher.

    U.S. stocks, meanwhile, were flat on Thursday, with investors seemingly wary of taking on risk ahead of Donald Trump's swearing-in as U.S. president on Friday.

    After having driven Wall Street to record highs in a post-election rally, investors are on the sidelines as they await Trump's inaugural speech to get a steer on his policies Read More 

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