CREA wants parents to assist children with home purchase with their RRSPs

CREA wants parents to assist children with home purchase with their RRSPs
VANCOUVER — The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000. Extending the Home Buyers’ Plan to allow for “intergenerational RRSP loans” would ease the financial burden that... Read More

B.C. tells feds to back off, stop interfering in Trans Mountain pipeline

B.C. tells feds to back off, stop interfering in Trans Mountain pipeline
VANCOUVER — British Columbia says the federal government needs to back off and stop interfering in an independent review process over the approval of Kinder Morgan’s Trans Mountain pipeline. Environment Minister George Heyman said he is “very disturbed” that the federal government supports the creation of a standing panel to quickly settle conflicts over provincial and municipal permits. “The federal government should get... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,067.48, up 99.76 points) Lundin Mining Corp. (TSX:LUN). Miner. Down $1.44, or 16.07 per cent, to $7.42 on 74.9 million shares. Yamana Gold Inc. (TSX:YRI). Miner. Down 10 cents, or 2.94 per cent, to $3.30 on 65.4 million shares. Aurora Cannabis Inc. (TSX:ACB). Healthcare. Up $1.25, or 18.52 per cent, to... Read More

Sales tax not the answer to Alberta’s fiscal woes: Finance minister

Sales tax not the answer to Alberta’s fiscal woes: Finance minister
EDMONTON — Alberta Finance Minister Joe Ceci says he is not considering introducing a sales tax to help cure the province’s financial woes because Albertans don’t support it. Ceci says the idea of a sales tax came up today when he had a roundtable meeting with economists but says having no provincial sales tax reflects, in his words, “the mindset... Read More

Pembina Pipeline approves construction of $260M propane export facility

Pembina Pipeline approves construction of $260M propane export facility
CALGARY — Pembina Pipeline Corp. (TSX: PPL) says its board of directors has approved construction of an export terminal at Prince Rupert, B.C., to be used to send liquefied Western Canadian propane to markets in Asia and Central America. The Calgary-based company says the project on Watson Island is expected to cost about $260 million, up from an estimate of $150 million made last spring, due to minor scope changes,... Read More

Tories call for Morneau to resign, but Trudeau defends his finance minister

Tories call for Morneau to resign, but Trudeau defends his finance minister
OTTAWA — Conservative Leader Andrew Scheer demanded Bill Morneau hand in his resignation Wednesday as political rivals intensified their attacks on a finance minister mired in controversy for weeks. But Prime Minister Justin Trudeau launched a spirited defence of Morneau, accusing the Tories of engaging in baseless personal attacks that they won’t repeat outside the House of Commons for fear of being sued. “After careful... Read More

Canada’s global prosperity ranking slips to lowest level in 11 years: survey

Canada’s global prosperity ranking slips to lowest level in 11 years: survey
MONTREAL — Canada’s prosperity ranking has slipped in 2017 to the lowest level in 11 years, according an annual index that measures several factors including wealth and well-being. Canada now ranks No. 8 in Legatum Institute Prosperity Index, three spots below last year and the lowest level since 2007. That’s in part due to Canadians viewing banking services as being increasingly... Read More

Enbridge shares up after it raises dividend, sells shares and plans asset sales

Enbridge shares up after it raises dividend, sells shares and plans asset sales
CALGARY — Shares of Enbridge Inc. popped higher in early trading after the company announced plans to raise its dividend, issue shares and sell off at least $3 billion in assets next year. The stock was up $2.72 or about six per cent at $48.47 in trading on the Toronto Stock Exchange on Thursday morning. In a strategic update after markets... Read More