Tax-News.com: Canada Concerned By Indian Pulse Tariffs by Mike Godfrey, Tax-News.com, Washington 06 December 2017 The Canadian Government has said that it is “concerned and disappointed” by recent tariff decisions made by the Indian Government regarding imports of certain pulses. In November, India imposed a 50 percent tax on dry pea imports from all countries.
Tax-News.com: Canada, China Free Trade Talks Stall by Mike Godfrey, Tax-News.com, Washington 06 December 2017 Efforts to get free trade talks underway between Canada and China have stalled, after the two countries failed to reach an agreement. Canadian Prime Minister Justin Trudeau met with Chinese Premier Li Keqiang in Beijing on December 4. It had
Capital Group launches fixed income fund Capital Group has announced a globally diversified fixed income portfolio for Canadian investors: Capital Group World Bond Fund (Canada). Read: Longer low for bond yields The strategy seeks to provide a prudently managed portfolio of bonds and other debt securities of global issuers, and can complement equity portfolios. Read:
Comply with OBSI, say regulators CSA, IIROC and the MFDA have released a joint notice, Complying with requirements regarding the Ombudsman for Banking Services and Investments. The notice highlights concerns about some registered firms’ complaint handling systems and participation in OBSI’s services, and sets out potential regulatory responses. In the notice, the regulators say that,
Canadians’ net worth, mortgage debt rise Canadians’ net worth is increasing. In 2016 the median net worth of Canadian families was $295,100, up 14.7% from 2012 ($257,200), reveals StatsCan’s survey of financial security. (Canadian families include families of two or more persons, as well as unattached individuals.) Read: Wealthy couple worries about worldwide estate value Unsurprisingly, the
Condo sales push Montreal real estate to November record The Greater Montreal Real Estate Board says the region set a November record for condominium sales, which helped fueled a 12% increase in overall residential transactions compared with the same month last year. Read: Construction of multi-unit homes on the climb The number of condo sales
Can you make your client’s holiday wish come true? It’s the most wonderful time of the year—for overspending, that is. Holiday shopping budgets are up 8% from last year, reveals a CIBC poll. That puts the average budget to almost $650. Further, Canadians plan to spend another $300 on entertaining and other festive events. Younger
Broadridge partners with Wealthsimple Broadridge Financial Solutions, a global fintech firm, has announced a partnership with robo-advisor Wealthsimple. Working with Wealthsimple, Broadridge will offer automated investment management to support both advisor-investor and direct-to-investor models, says a release. Read: Fintech investment remains strong: report The partnership will also enable Broadridge to drive efficiencies in client onboarding, compliance, and account transfers.
How will Brexit affect global capital markets? IIAC weighs in While the outcome of Brexit will have the biggest impact on the U.K. and EU markets, there will be some effects on the global economy, writes IIAC’s president and CEO in an industry letter. “There is a need for an overarching structure to promote regulatory cooperation
Mortgage changes make it tougher for first-time buyers: industry group Recent government policy changes have made it harder for Canadians, specifically first-time buyers, to purchase a home, finds a report by Mortgage Professionals Canada. In fact, homeownership in Canada is at 67.8%, down from 69% in 2011, notes the report. And ownership rates fell sharply for the youngest