Alberta

Gordon Pape’s Mailbag: RESP Advice, GAAP Confusion, Meme Stock Madness, and Other Investing Issues

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Your questions keep coming, so let’s tackle some through our inbox today. Tax treatment of HHL.U Q – Harvest Healthcare Leaders has units that trade in US dollars on the TSX. For tax purposes, is the income foreign or Canadian? For example, are donations to US-registered charities deductible from income from the charity? HHL.U? – … Read more

BC announces construction of 330 new homes for homeless in Vancouver’s Downtown Eastside

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Tents on Hastings Street, part of the Hastings Tent City in Vancouver, on Feb. 23. The British Columbia government says it will provide 330 new housing units for people living in Vancouver’s downtown east side by the end of June.Rich Lam/The Canadian Press The B.C. government has committed to opening hundreds more short-term housing units … Read more

Big-cap strength masks broader U.S. market woes

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Investors are relying on an old strategy to navigate the current turmoil in asset prices: buying shares of big U.S. companies that have led the market higher for years. Shares of the top five companies by market value — Apple, Microsoft, Alphabet, Amazon and Nvidia — have risen between 4.5 percent and 12 percent since … Read more

Alberta women’s shelters struggle as demand soars and funding stalls

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Alberta Premier Danielle Smith speaks at the Canada Strong and Free Network in Ottawa on March 23. Shelter staff are baffled that the Smith administration’s stated focus on mental health has not translated into an increase in operating funds.Sean Kilpatrick/The Canadian Press Years of stagnant funding, combined with soaring inflation, have left shelters in precarious … Read more

Siakam scores 32 points, 9 assists, Raptors beat Pistons 118-97

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Toronto Raptors guard Fred VanVleet drives past Detroit Pistons center James Wiseman in the first half in Toronto. On March 24, 2023, the Raptors won 118-97.Frank Gunn Pascal Siakam had a game-high 32 points and nine assists as the Toronto Raptors beat the Detroit Pistons 118-97 on Friday night. Chris Boucher had 19 points and … Read more

Alberta finance minister, environment minister not running for re-election

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Alberta Finance Minister Travis Toews delivered the budget on February 28 in Edmonton.Jason Franson/The Canadian Press Two powerful Alberta cabinet ministers have announced in separate letters that they will not seek re-election in an upcoming provincial vote in favor of a return to private life. Earlier Friday, Treasury Secretary Travis Toews ended weeks of speculation … Read more

Alberta Energy Regulator Issues Order Against Obsidian Energy, Says Disposal Triggers Earthquake

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Obsidian Energy Ltd. OBE-T has been hit by an environmental protection order because of earthquakes triggered by its oil sands operations in northwestern Alberta. The order relates to a series of earthquakes that rocked the Peace River region between November and March, including the largest ever recorded in Alberta.this 5.6 magnitude earthquake The attack occurred … Read more

Meet the Canadian team that won the country’s first ever Sailing Grand Prix last weekend

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Canadian Grand Prix Team driver Phil Robertson and his crew celebrated winning the New Zealand Grand Prix I in Christchurch on March 19.canadian media Billy Gooderham’s grandfather was a two-time Olympic sailor and was president of the Royal Canadian Yachting Club. Billy’s father was a former world champion and worked for Canada’s Real North American … Read more

Split delays plans for carbon accounting of bank’s capital markets deal, sources say

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Sources have told Reuters that banks are divided over how to account for carbon emissions related to their capital markets operations, with some angry over a proposal to attribute 100 percent to banks rather than investors buying financial instruments. An industry-wide approach is due to be unveiled by the end of 2022, but four sources … Read more

Long-delayed statue of Queen Elizabeth II finally unveiled – at taxpayers’ expense

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Queen’s Park, Toronto, February 20. A statue of Queen Elizabeth II will rise nearly seven meters in the air near the new visitor’s entrance to the legislature – opposite a majestic bronze statue of her great-great-grandmother, Queen Victoria.Frank Gunn/The Canadian Press Bronze statue weighing 2,000 kilograms queen elizabeth ii, which had been in storage for … Read more