NEWS

Billionaire Igor Makarov wants off Canada's Russia sanctions list

Shortly after Russia's full-scale invasion of Ukraine in 2022, Canada issued a slew of sanctions, freezing the assets of alleged Russian oligarchs. Nine people have since been removed from the list, and billionaire Igor Makarov is also trying to get dropped. But as Jeff Semple reports, Makarov's plan may have backfired.

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay

Senate finally passes aid bills worth billions to Ukraine, Israel and Taiwan after months of delay - The Senate passed the bill 79-18 after months of opposition from isolationist Republicans

Moving jobs this often helps you climb the career ladder and earn more money

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

By David Shepardson (Reuters) - General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday. The Detroit automaker also said GM President Mark Reuss' total compensation in 2023 rose to just under $18 million, up from $14.3 million, while Chief Financial Officer Paul Jacobson's compensation rose to $11.1 million last year, up from

What's cheaper, EV or gas? This scholar crunched the numbers

Where you live and how much you drive each day matters when it comes to the cost-effectiveness of an electric vehicle, compared to gas. to A new UBC study crunches the numbers.

The five decor mistakes that are making your home look cheap

Have you got any of these in your home?

Average net worth of Americans by age — see how you compare

How to Build the Best Passive-Income Portfolio With Just $15,000

When it comes to creating passive income, don't narrow your focus to just dividend income -- especially if you're looking for long-term gains! The post How to Build the Best Passive-Income Portfolio With Just $15,000 appeared first on The Motley Fool Canada.

Average US annual salary by age revealed – see how you compare

Bank of Canada says any rate cuts would probably be gradual

By Promit Mukherjee and David Ljunggren OTTAWA, April 24 (Reuters) - The Bank of Canada's (BoC) governing council agreed this month that interest rates would most likely only come down gradually, given the risks to the inflation outlook, minutes of the meeting published on Wednesday showed. The central bank kept its key interest rate unchanged at a near 23-year high of 5% on April 10 and minutes

Hermes 1st quarter sales jump 17% on strong China demand

By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday, sustaining a rapid growth rate from the previous quarter including in China, and underlining strong demand for high end luxury. Sales rose to 3.81 billion euros ($4.08 billion) for the three months to March 31 and beat expectations for a 13% rise, according to consensus provider

US's confiscation of Russian assets hinges on consent of G7 and EU - AP

The large aid package that President Joe Biden signed on Wednesday for Ukraine and other allies also allows his administration to confiscate Russian state assets and use them for the benefit of Ukraine. However, the US is unlikely to do so without the consent of other G7 members and the European Union, according to AP. In the US, $5 billion of the ...

Biggest mistakes that could tarnish, or even tank, your credit rating

Before reaching financial milestones such as a car, home, or savings account, a credit rating might be the only thing young people own. “Credit is a highly valuable asset,” says Ed Rempel, a fee-for-service financial planner, tax accountant and author of the blog Unconventional Wisdom. “In fact, it is your main asset until you can build up other in...

Ikea Canada cut prices on 800 items this month. Which ones?

Ikea Canada says it has lowered its prices for hundreds of items this past month as part of the company’s continuing push to make home furnishing more affordable.

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000

Income-seeking Canadian investors can consider holding shares of REIT such as Dream Industrial to create a passive-income stream. The post How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $20,000 appeared first on The Motley Fool Canada.

Child-free finances: How your financial needs, concerns differ if you don't have kids

As the child-free lifestyle surges in popularity among younger generations, many might imagine it means having a lot more money to spend, but that's not always the case. In fact, it’s not a prioritized clientele in the financial planning world, some experts say – and it’s one with its own unique needs. According to Statistics Canada, gen Z and mill...

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project

Hackers steal $35k from George Conway’s anti-Trump Super PAC Lincoln Project - ‘Since it was the vendor that was hacked, we are letting them and our bank’s fraud department lead any investigation,’ the group’s spokesperson said

CPP Enhancement: How to Make the Most of the Increased Retirement Income

Analyzing CPP enhancement through the lens of the rising cost of living can give you a more realistic idea of its impact on your lifestyle as a retiree. The post CPP Enhancement: How to Make the Most of the Increased Retirement Income appeared first on The Motley Fool Canada.

Canadian dollar weakens as soft data supports rate cut bets

By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday as domestic data showed a surprise decline in retail sales, bolstering expectations the Bank of Canada would begin cutting interest rates in the coming months. Canadian retail sales decreased 0.1% in February, led by a drop in sales at gasoline stations and fuel vendors. It was the second

Millennials, Gen Z, need government help ‘now more than ever’: treasury board president

Canada's Treasury Board President Anita Anand joins CBC chief political correspondent Rosemary Barton to talk about the federal budget and its focus on young Canadians — as well as the criticism it's receiving.

Trudeau says Sask. families to get full rebate, even without paying carbon tax on home heating

Prime Minister Justin Trudeau told reporters in Saskatoon on Tuesday that Saskatchewan families would receive "unaffected" carbon tax rebates "despite the fact the Premier is not sending that money to Ottawa right now." The provincial government stopped collecting the carbon tax on home heating from residents after the federal government gave an exemption on home heating oil that largely helped Atlantic Canada.

If you're retired or about to retire, think carefully about your tax strategy

NEW YORK (AP) — Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on a things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security. “It’s the biggest ch...

Manhattan prosecutors reveal election crime driving Trump’s hush money case

Manhattan prosecutors reveal election crime driving Trump’s hush money case - The former president faces felony charges based on misdemeanour crimes. The DA’s office is beginning to show what elevates the hush money scheme to an election interference plot

Business Matters: New condo sales in the Greater Toronto Area fall 71% below 10-year average

New condo sales tumbled 71 per cent below the 10-year average in the first quarter of this year according to analysis by Urbanation. Anne Gaviola has more on what’s happening in Business Matters for Monday, April 22, 2024.

Airlines will now be required to give automatic cash refunds for canceled and delayed flights

The Biden administration issued final rules Wednesday to require airlines to automatically issue cash refunds for things like delayed flights and to better disclose fees for baggage or canceling a reservation. The Transportation Department said airlines will be required to provide automatic cash refunds within a few days for canceled flights and “s...

Premiers lash out at Trudeau over budget

This week’s federal budget has premiers lashing out at Prime Minister Justin Trudeau over a planned increase to capital gains taxes as well as what they say is overstepping on infrastructure and pharmacare.

The Dividend Dream: 23% Returns to Fuel Your Income Dreams

If you want growth and dividend income, consider this dividend stock that continues to rise higher after October lows. The post The Dividend Dream: 23% Returns to Fuel Your Income Dreams appeared first on The Motley Fool Canada.

Business News: Impact of capital gains tax changes

The Liberals tabled the federal budget this week, and among the major changes was to how capital gains are taxed. The tech sector are the latest to speak out against the proposal. Financial analyst Robert Levy talks about the impact it could have on Canadians.

Why few bank fraud complaints lead to compensation

Sarah Bradley, the ombudsman and CEO at Ombudsman for Banking Services and Investments, responds to a report that found only a quarter of banking complaints resulted in monetary compensation in 2023.

Practical tips for renewing your mortgage in 2024

Personal finance adviser Rubina Ahmed-Haq shares some tips about how to handle renewing a mortgage at a higher rate.

Liz Weston: How to reduce your ‘widow’s penalty’

After a spouse dies, the survivor often ends up paying higher taxes on less income — something known by accountants and financial planners as the “widow’s penalty,” because women typically outlive their husbands. Couples who know what’s coming often can take steps to soften the penalty’s effect, but too many don’t think far enough ahead, says Barba...

Business Report: Taylor Swift breaks more records

Taylor Swift's new album continues to break records. Plus, a major automaker picks Ontario for electric vehicle production, and investors gear up for a big week on the markets. Business Editor Kris McCusker explains.

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS

Money Plant Indoor Table Decoration Ideas for Cleaning Indoor Air | Money plant Ideas//GREEN PLANTS Money plant growing ideas and easy method to grow bunch of money plants using growing stick for indoor garden or outdoor. This video shows easier way to display plants table decoration and how to grow money plants at home and potting these long vine pothos from cuttings. Growing money plant at home Feng Shui believe brings positive energy and cleaning air and negativity in every home. #greenplants #moneyplant #moneyplantdecoration #indoorplants #gardeningideas

Manifesting Money Wasn’t Working For Me, So I Successfully Turned To Loud Budgeting

Like many of my past relationships, my relationship with money is fraught, complicated, and a huge, bright red flag. And yet, I care about money so much. Still, as a millennial, having had to navigate a recession at every pivotal point of my adult life, money has never appeared to care about me. “It’s because you have a scarcity mindset,” a friend said to me over expensive wine I said I couldn’t afford. “The reason you’re bad with money is that...

European Commission allocates another €1.5 billion to Ukraine

The European Commission has allocated the second installment of exceptional bridge financing to Ukraine under the mechanism for Ukraine, amounting to €1.5 billion, reports the press center of the European Commission. The disbursement follows the European Commission's positive assessment of the agreed political conditions related to reforms in the j...

Tesla expects to book over $350 million in costs for layoffs

(Reuters) -Tesla expects to book more than $350 million in costs in the second quarter for the mass layoffs it began last week, the automaker disclosed in a regulatory filing on Wednesday. The electric vehicle maker also reiterated that it expects capital expenditure to exceed $10 billion in 2024 and to be between $8 billion to $10 billion in each of the following years. The filing follows

Want more money? Try these tips for negotiating a better salary

It can be daunting, but these tips may help get you that boost.

Instagram fraudster 'Jay Mazini' has been sentenced for his crypto scheme that preyed on Muslims

NEW YORK (AP) — The former Instagram influencer known as “ Jay Mazini ” who swindled millions of dollars from online followers and a network of Muslims during the pandemic was sentenced to seven years in prison on Wednesday, prosecutors said. Jebara Igbara, 28, of New Jersey, had pleaded guilty to fraud charges, admitting that he created a Ponzi sc...

Young people have given up on buying homes and are saving for cars instead

Gen Z and Londoners are prioritising four wheels over their own four walls.

Here’s the Average Retirement Income for Canadians: How Do You Rate?

If you're worried about how much you'll earn in retirement, increase your income by investing in an ETF like this one. The post Here’s the Average Retirement Income for Canadians: How Do You Rate? appeared first on The Motley Fool Canada.

Health Matters: Canadian government adds $36M to vaccine compensation fund

The Canadian federal government is putting another $36 million toward a program to compensate people who were seriously injured or killed by vaccines. The new funding was announced as part of the federal budget tabled in the House of Commons last week. Katherine Ward has this story and more in Health Matters for April 24, 2024.

Top 6 US industries where you can earn the most money

Study reveals how much Americans really spend on tipping each year

Psychologist explained how to maintain passion in long-term relationships

At the beginning of a relationship, there is a passionate stage for every couple when you simply can't get enough of each other. However, with time, this fades, and many couples encounter a loss of interest. What can help maintain passion in relationships, according to psychologist Dmytro Ostapenko. How to keep passion alive in long-term relationsh...

Ontario government faces lawsuit over cancellation of basic income pilot

Members of a class action lawsuit against the Form government for its cancellation of the Ontario basic income pilot are seeking $200M in damages. Jaden Lee-Lincoln explains.

How Much Cash Do You Need to Stop Work and Live Off Dividends?

Want to retire early? Here's how much cash you might need to quit work and live off your investment income. The post How Much Cash Do You Need to Stop Work and Live Off Dividends? appeared first on The Motley Fool Canada.

TFSA Traps: Common Mistakes That Can Cost You Thousands

TFSA users are advised to avoid common mistakes and not pay unnecessary and costly tax penalties. The post TFSA Traps: Common Mistakes That Can Cost You Thousands appeared first on The Motley Fool Canada.

Ukraine war latest: Biden signs $61 billion aid bill for Ukraine; US began secretly providing ATACMS in March

Key developments on April 24: ・Biden signs $61 billion aid bill for Ukraine ・Pentagon ready to send $1 billion in weapons to Kyiv ・State Department confirms US began secretly providing Ukraine long-range ATACMS in March ・Sources: SBU drone attack destroys 26,000 cubic meters of Russian fuel in Smolensk Oblast ・Ombudsman: Children in occupied Ukrain...

25 Women Share Exactly How Much Is Sitting In Their Savings Accounts

If salaries are a taboo topic, then savings are completely off limits. Which is fair: the only thing more awkward than randomly asking a friend how much they have saved is bringing up your own saving efforts. It either reads as a brag, derails the conversation as someone emphatically acknowledges their privilege, or makes people feel anything from sheepish to outright ashamed. All of this means that savings are shrouded in mystery. We wondered...

Doctors say capital gains tax changes will jeopardize their retirement. Is that true?

OTTAWA — The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are. Prime Minister Justin Trudeau's government presented a federal budget last week that propose...