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Author Archives: privatefinancetips

Jack M. Mintz: How small businesses get taxed more under Trudeau II

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When I had been an undergraduate studying tax policy, I remember John Bulloch’s vicious attack on Pierre Elliott Trudeau’s tax reform package, that was particularly threatening to small businesses and investors. Bulloch, head from the Canadian Federation of Independent Business, was successful in paring back proposals that will have squeezed many Canadian entrepreneurs hard. As a result, the CFIB developed ...

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Surprise uptick in inflation unlikely to sway Bank of Canada off course, economists say

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OTTAWA ? The pace of inflation in Canada accelerated faster than expected last month, but economists said that costs are not rising in a level that would force the Bank of Canada to alter course. Nearly half of Canadians are within $200 per month to be not able to pay their bills, poll finds And that’s not the worst from ...

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Shareholder advisor raises concern over Corus’ debt, equity in Shaw Media deal, but urges approval anyway

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An influential shareholder advisory firm has raised a red flag about the way Corus Entertainment Inc. intends to fund its $2.65-billion acquisition of Shaw Media Inc., but continues to be advising shareholders to approve the transaction. In a Feb. 19 report, U.S.-based Institutional Shareholder Services (ISS) Inc. expressed concerns over just how much debt and equity Corus will raise to finance the acquisition, which is paid through $1.85 ...

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Gowling completes merger with Wragge Lawrence Graham

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Canada’s latest international law firm merger has become official. Gowling WLG launches on Monday, caused by the previously announced merger of Canadian law practice Gowling Lafleur Henderson LLP and U.K.-based international firm Wragge Lawrence Graham & Co. The newly merged firm has 1,400 lawyers and professionals employed in 18 cities across Canada, the U.K., Europe, the center East and Asia. ...

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First Quantum Minerals Ltd issues ‘going concern’ warning amid high debt, weak metal prices

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TORONTO – First Quantum Minerals Ltd. warned there is “significant doubt” it may continue like a going concern because the company struggles to handle a massive debt load amid very weak base metal prices. The Toronto-based copper miner made the disclosure Thursday night because it is in danger of breaching a key debt covenant. It needs to conserve a net ...

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Canada’s banks could be forced to raise equity, cut dividends if oil prices keep sinking, Moody’s warns

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Some Canadian banks might be forced to preserve capital by raising equity or perhaps cutting dividends if oil prices continue to slump, Moody’s warns inside a new report. In a “severe stress” scenario modelled through the ratings agency, and included in the are accountable to be widely circulated Monday, losses in consumer lending portfolios would exceed historic peaks and capital ...

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Online shopping in Canada grew substantially over holiday season, report says

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TORONTO ? Online shopping was the winner this holiday retail season, based on a report that says many traditional retailers will need to up their game in order to prevent Amazon and eBay from siphoning away sales in the future. “E-commerce has become a more preferred shopping channel among Canadians because these digital platforms offer convenience and comfort for shoppers,” ...

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Starbucks Corp tightens rewards program rules: ‘The more you spend, the more you get back’

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LOS ANGELES – Starbucks Corp on Monday announced changes to the loyalty program that will mean some customers will need to spend more money in the coffee chain to earn free drinks and food. Why Ottawa-based cafe Bridgehead doesn’t see Starbucks like a threat Securing a “bridgehead” in war means to conquer ground within an enemy’s territory. Bridgehead Inc., a ...

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