Buyers send North American stock markets higher
TSX, Dow post triple-digit gains
- By: David Friend
- May 1, 2015 May 1, 2015
- 16:10
TSX, Dow post triple-digit gains
Exit could trigger a confidence shock, disrupting government debt markets
Dealers “strongly supportive”
Loonie down against U.S. dollar
But report states both economies will pick up steam throughout the year
Report states problematic energy sector having outsized impact on price-earnings ratio
Only 29% of small business owners expect the economy to improve this year
Poloz faces questions from Commons finance committee
Finance Dept. reports do not include future cost projections on a wide suite of tax benefits
Panel discusses dealers’ role in helping advisors face any negative consequences that may arise when compensation reports become mandatory
First quarter earnings were mixed for the large U.S. banks
Increased uncertainty over country’s political commitment to fiscal consolidation
Economic forecasts have tended to overestimate growth
Ontario’s economy is expected to grow by 2.7% this year
Nasdaq closes at record high
40% of the first-time buyers say they couldn’t afford a home without financial help from family
Proposed changes to RRIFs, TFSAs find favour
Firms face an uphill battle to improve metrics due historically low interest rates and uncertain market returns
Current period of six weeks extended to six months
Two initiatives extend an RDSP deadline and offer credits for home accessibility improvements
Among other measures, the federal government is proposing a reduction to the small business tax rate to 9% by 2019 from 11% today
The ‘too big to fail’ measures will follow international principals
New minimum withdrawal rules for RRIFS will allow retired Canadians to preserve up to 50% more capital to age 90
New national strategy for financial literacy to be unveiled in coming months
Measures pioneered by provinces to improve cooperation backed by Ottawa