Disney returned to a profitable third quarter as its combined streaming business began generating positive results for the first time, and a strong theatrical run for Inside Out 2 boosted content sales. The company also posted solid gains in its entertainment segment and reported improved results across several key businesses. Profitable efforts from Disney Operating … Read more
Shopify Inc.’s president says the company is holding up well as consumer spending shows signs of softening, attributing the relative strength to the wide variety of merchants that use its platform. Harley Finkelstein told analysts on a Wednesday earnings call that the company’s merchants appear to be “outperforming and doing better than others.” Finkelstein explained … Read more
Owning a cottage often feels like an emotionally easy decision: picture Muskoka chairs on a sunny deck and the stress of daily life melting away. But like any investment—stocks, bonds or a primary home—cottage ownership carries financial risks and tax consequences. Below is a clear, practical guide based on popular MoneySense columnist and Certified Financial … Read more
Ask MoneySense I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense? —Audrey Investing in gold for retirement in Canada Gold has rallied recently—prices rose significantly over the past year, and silver has also seen … Read more
When markets slide like they did on Monday, the immediate thought may be about stock losses rather than mortgage rates. Yet shifts in the stock market can quickly ripple into the bond market, and that in turn affects fixed mortgage rates. While many borrowers watch the Bank of Canada for signals that could lower variable … Read more
Looking for a used vehicle? Even when comparing the same make, model and year, not every pre-owned car is the same. This guide offers practical tips and key considerations to help you shop confidently for a second-hand car in Canada. Top used cars in Canada We reviewed the market to find used vehicles that deliver … Read more
Markets on Wall Street and across Asia steadied on Tuesday after a brief panic sparked by a mix of developments that began late last week and intensified through Monday. In morning trading, the S&P 500 and Nasdaq each rose about 1.3%, positioning both to snap a harsh three-day losing streak. The S&P 500 had fallen … Read more
On average, Canadians of legal drinking age consume more than nine standard alcoholic drinks per week. If you’re among those who enjoy a nightly glass or weekend pint, you’ve likely noticed that the cost of alcohol has climbed—whether you buy it in a store, order delivery, or drink at a bar. Statistics Canada reports that … Read more
Jon McKenzie, CEO of Cenovus Energy Inc., said the company’s recent debt-reduction milestone will not prompt any immediate changes to its strategy. Speaking on a conference call Thursday, McKenzie urged investors and analysts not to expect a large mergers and acquisitions push or any major strategic shift now that the Calgary-based oil producer is generating … Read more
Ask MoneySense How will the $200,000 tax-free capital gains affect our non-principal residence? Is each tenant entitled to $200,000? My wife and I are original owners / joint tenants of our cottage and we expect to sell before we hit the retirement home in a few years. The original building and properties costs were less … Read more