Category Archives: General News

Liberals to target ‘most wealthy’ with updated tax proposal

Finance Minister Bill Morneau is adjusting his tax proposals on passive income so only three percent of the “most wealthy” privately owned corporations will have to pay higher taxes.

To read an update on the budget click here.

Liberals trimming small business tax rate to stanch political bleeding

Prime Minister Trudeau also says the government won’t be changing the lifetime capital gains rule.

The Trudeau government took the first of several steps Monday to stanch the bleeding from a self-inflicted political wound, resurrecting a campaign promise to cut taxes for small businesses outraged by it’s controversial tax-reform proposals.

To read the entire story click here.

Budget 2017 Update

The B.C. NDP government has tabled it’s first budget.  It will raise taxes on corporations and high-income earners to help pay for new spending on education, affordable housing and the ongoing overdose crisis.

To read an update on the budget click here.

 

11 things to know about B.C.’s 2017 budget update

The B.C. NDP has added significant new spending in its 2017 Budget update, which is its first financial plan since it took office.

For the 2017/2018 fiscal year, the government will spend $51.9 billion, nearly $2 billion more than the B.C. Liberals planned to spend in their February budget, which was never passed.

To read the complete article click here.

The Bank of Canada raises benchmark interest rate to 1% as the Canadian dollar rises!

The Bank of Canada raised its benchmark interest rate by a quarter of a point to one percent on Wednesday.

It’s the second time this year that the central bank has upped the rate, after hiking it for the first time in seven years in July.

The central bank’s rate has an impact on lending rates that consumers and savers get from […]

Interest rates have finally increased: How that could affect your loans

From mortgages to lines of credit, the rise in the ‘overnight rate’ will hit Canadian consumers.

After seven years of leaving its key interest steady or cutting it to near-historic lows, the Bank of Canada has finally increased its overnight rate by 0.25 percentage points to 0.75 per cent.

The overnight rate determines the rate at which banks lend money to each other […]

Bank of Canada Raises Interest Rates for the first time in seven years

The Bank of Canada’s first interest-rate hike in seven years has set in motion a complex unwinding of a near-decade-long era of easy money.

To read the complete article click here.

Interview with Vito Maida, Portfolio Manager VPI Foreign Equity Pool

Summer 2017 update VPI Foreign Equity Pool

“Falling prices are the friend of long-term investors.  If people don’t feel uncomfortable then I’m probably not doing my job.”

Please read the complete interview click here

 

Is the Bank of Canada finally signalling an interest rate hike?

Stephen Poloz speaks out on interest rate hike

The Canadian dollar extended gains and investors ramped up bets of a rate increase as early as next month after Bank of Canada Governor Stephen Poloz reiterated the central bank may be considering higher interest rates.

The nation’s currency jumped 0.7 percent to C$1.3103 per U.S. dollar at 8:57 a.m. in Toronto. The loonie […]

Canada’s big banks admit they overcharged customers – what went wrong?

RBC latest bank to get slapped with a multi-million dollar penalty for overcharging clients

On Tuesday, Royal Bank was the last of Canada’s five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds.  In some cases clients were unknowingly overcharged for more than a decade.

The bank will reimburse affected […]