News: Money

Mortgages Soar For Canadians In Their 80s, 90s

Tuesday  08:51,   25 september 2018

With new mortgage rules and higher interest rates putting the squeeze on Canadian homebuyers, some have found a new approach: Get the parents (or grandparents) to bankroll your purchase. The number of mortgages issued to people in the pre-war...[...]

Self-made millionaire Ramit Sethi: This is the mindset you need to be rich

Tuesday  06:50,   25 september 2018

Author of "I Will Teach You to be Rich" and self-made millionaire Ramit Sethi tells CNBC Make It the difference in the mindset between people who become wealthy and people who don't."I want to encourage you to think about your mindset," Sethi...[...]

Aurora Cannabis Q4 revenues more than triple

Tuesday  04:25,   25 september 2018

Aurora Cannabis Inc. capped a busy year by seeing its revenues more than triple to $19.1 million in the fourth quarter. The Edmonton company says revenues for the three months ended June 30 were up from $5.9 million a year earlier.The company said...[...]

California urges Trump to drop plan for weaker fuel standard

Tuesday  04:25,   25 september 2018

California officials demanded Monday that the Trump administration back off a plan to weaken national fuel economy standards aimed at reducing car emissions and saving people money at the pump, saying the proposed rollback would damage people's...[...]

Keystone XL developer plans to start construction in 2019

Monday  22:06,   24 september 2018

Keystone XL developer plans to start construction in 2019Load...[...]

Sobeys parent company to acquire Farm Boy

Monday  17:27,   24 september 2018

Sobeys parent company to acquire Farm BoyEmpire Co. Ltd. says the acquisition, which values the Ontario-based chain of grocery stores at $800 million, includes 26 Farm Boy locations in the...[...]

Canadian borrowers will feel this week's U.S. interest rate hike: Don Pittis

Monday  13:26,   24 september 2018

The world will feel the effect as U.S. Federal Reserve Chair Jerome Powell is expected to raise rates this week — and then keep raising them.But the near certainty so cherished by market traders — who hate rude surprises — will provide little...[...]

Canada's Barrick Gold to buy Randgold Resources in $18.3 billion deal

Monday  13:05,   24 september 2018

Canada's Barrick Gold (ABX.TO) has agreed to buy Randgold Resources Ltd (RRS.L) in a $18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good...[...]

China hikes tariffs on US imports as trade row intensifies

Monday  12:51,   24 september 2018

China hikes tariffs on US imports as trade row intensifiesThe General Administration of Customs said it started collecting additional taxes of 5 and 10 per cent on a $60 billion list of 5,207 American goods from honey to industrial chemicals at...[...]

Baloney Meter: Is a typical family $2,000 richer?

Monday  12:06,   24 september 2018

hey argue that when the next federal election rolls around in the fall of 2019, a "typical" middle class Canadian family of four will have $2,000 more each year, compared to the pre-Trudeau era.Last week, when the federal Liberal caucus met in...[...]

Why Americans pay more for cannabis than Canadians

Monday  10:06,   24 september 2018

In the Great White North, marijuana consumers get a bargain compared to their American counterparts.Load...[...]

Drake’s New House In Toronto Is Totally In Touch With Normal Life

Monday  10:05,   24 september 2018

Rumour has it Drake is super rich. We know he planned to spend over $200,000 on a "Harry Potter" first edition. We've read about his hobby of collecting Birkin bags, the cheapest of which are in the $15,000 range, as a future gift for "the woman I...[...]

Eerily empty mall postpones grand opening

Monday  09:26,   24 september 2018

The developer of a nearly empty new mall just north of Calgary says he's confident it will become the bustling Asian-style bazaar it is meant to be despite having to delay its late-October grand opening until sometime next year.Only nine of 517...[...]

Comcast Defeats Fox, Disney With $39 Billion Winning Bid for Sky

Sunday  17:05,   23 september 2018

Comcast Corp. won a bidding war for Sky Plc with a $39 billion offer for Europe’s largest satellite broadcaster, staving off rivals 21st Century Fox Inc. and Walt Disney Co. to extend the U.S. cable giant’s empire abroad. In a rare auction overseen...[...]

Missing another NAFTA deadline would be risky — but not fatal

Sunday  17:05,   23 september 2018

Washington's warning to Canada to not miss the next deadline in the renegotiation of the North American Free Trade Agreement is starting to sound like a boy crying wolf. Several deadlines have been blown already. The talks...[...]