Toronto has recently passed two new controversial taxes in city hall – a tax on land transfers, and another one on vehicle registrations. It has been months since this long debated issue came arise. (Originally posted on July 18/07, here) Mayor Miller’s take: “it is a very difficult decision.” he said the vote poses a [...]

Continue reading " Toronto’s new taxes "

Best Buy Canada… maybe not the “best buy” after all – well, at least not in Canada. I was looking for the “best buy” on certain electronics this weekend, and found some interesting information for all Canadian shoppers. Let’s take a look at my shopping list: iPod Touch 16GB – $435.99 ; ($399.99 USD @ [...]

Continue reading " Best Buy Canada "

Stock markets tumbled Friday as the latest batch of earnings reports and high oil prices raised concerns about U.S. economic growth, while the dollar surged to a fresh decades-old highs after data showed higher-than-expected core inflation in September. On top of that, in the back of investors’ minds was the recollection that it was the [...]

Continue reading " Markets tumble before weekend "

Looks like the Canadian athletic wear company Lululemon Athletica Inc. (TSX:LLL) is living up to its positive expectations since the company’s initial public offering. Lululemon is hiking its third-quarter profit forecast after increasing its comparable-store sales outlook to about 35-percent. “Even though the increase in sales is expected to be partially offset by the currency [...]

Continue reading " Lululemon Athletica "

According to CIBC World Markets, the Canadian economy will “outperform” the United States economy in 2008. Looks like the strong Canadian loonie (dollar) will set pressures on the country’s manufacturing sector, but will not hold the economy back at all. CIBC World Markets’ economic forecast indicated the loonie will hit $1.05 U.S.. This will be [...]

Continue reading " Canada set to outperform U.S. in 2008 "

How many pennies have you dropped… how many did you bother picking up? That’s why some are pushing for Canada to drop the penny from our money circulation. The Royal Canadian Mint, along with the Department of Finance recently conducted a study on this issue – 64-percent of us wouldn’t dig into the couch to [...]

Continue reading " A “penny-less” Canada "

“Free markets do not mean a free pass. Canada is open for business, but it’s not for sale. And like other countries around the world, it’s important that we have safeguards in place to protect our interests.” –Jim Prentice, Industry Minister (Some strong words huh…) Canada’s industry minister, Jim Prentice, said the federal government will [...]

Continue reading " Canada is “not for sale”: Industry Minister "

Consumer debt is on the rise in the United States. Who would’ve guessed? I mean the credit crunch wasn’t that bad was it? Guess again… Yankee consumers have been borrowing at the fastest pace in three months, with increased usage of their credit cards. The U.S. Federal Reserve reported that consumer credit rose at an [...]

Continue reading " U.S. Consumer Debt on the rise "

Waterloo, ON – based Research in Motion [RIM-T] beat all expectations on their second-quarter profits report. RIM stated earnings of $287.7-million U.S., or 50-cents a share, for the three months ended Sept. 1. That figure was up from a profit of $140.2-million, or 25 cents a share, in the same period – the previous year. [...]

Continue reading " rrroll up the RIM to win "

The Bank of Canada’s new governor (from Feb. 1) was announced today, as former Golman Sachs investment banker Mark Carney. Carney, 42, will become the the youngest central bank governor among the G8 nations when he begins his term. Finance Minister Jim Flaherty trumped youth over experience when choosing Carney, currently the senior associate deputy [...]

Continue reading " New BoC Governor "