Finance

From festivals in Florida to touring Dracula’s digs in Romania, we round up the best destinations to visit this October. As summer abandons Europe again this October, eke out the last of the rays and raves in Ibiza, where nightclubs will be going out with a bang for the winter break. When the party finally stops head to the island’s north.

Some of Canada’s hottest tech firms are weighing IPOs following success of Lightspeed, Shopify rally

Some of Canada’s hottest tech firms are weighing IPOs following success of Lightspeed, Shopify...

Shopify Inc.’s scorching rally and Lightspeed POS Inc.’s successful trading debut this year are throwing the spotlight on who might be the next Canadian tech star to go public.A total of $1 billion (US$751 million) was invested in 142 venture capital deals in the first quarter, up 48 per cent from a year earlier, according…
Here’s why silver could still outshine gold this year, despite weaker fundamentals

Here’s why silver could still outshine gold this year, despite weaker fundamentals

While gold enjoys all the spotlight, its poor cousin silver has been riding on its coattails and enjoying the safe-haven rally.Silver has been up more than 11 per cent for the year to US$17.22 per ounce, but is still in gold’s shadow (which is in the midst of a blistering near-18-per-cent jump year to date).Philip…
Potential for massive IRS tax penalties still hangs over U.S. citizens living in Canada

Potential for massive IRS tax penalties still hangs over U.S. citizens living in Canada

It’s estimated that there are up to one million U.S. citizens living in Canada. And as most U.S. citizens know by now, the U.S. is effectively the only country in the world that currently imposes citizenship-based taxation in that it taxes all its citizens regardless of where their income is earned or where they live.This…
The Bank of Canada has a dilemma. Instead of looking to the Fed, maybe it should look to Norway

The Bank of Canada has a dilemma. Instead of looking to the Fed, maybe...

Those who complain that central bankers in North America say too much might be happier in Norway.The Norges Bank explained this week’s decision to leave interest rates unchanged in 175 words, packed tightly into three paragraphs. “Overall, new information indicates that the outlook for the policy rate for the period ahead is little changed since…
David Rosenberg: What’s happening to yields matters more than the curve, but the news still isn’t good

David Rosenberg: What’s happening to yields matters more than the curve, but the news...

I wish folks would stop asking why the market is going down and instead ponder what it was that took the major averages up so sharply from January to July — especially since we know for a fact that earnings and earnings forecasts have been going down all year long. A multiple-led market rally built…
Ottawa announces $1.75-billion compensation for dairy farmers to offset impact of trade deals

Ottawa announces $1.75-billion compensation for dairy farmers to offset impact of trade deals

COMPTON, Que. — Ottawa has announced $1.75 billion in compensation for Canadian dairy farmers to offset a loss of market share resulting from free trade agreements with Europe and countries on the Pacific Rim.Canada’s approximately 11,000 dairy producers, about half of whom are in Quebec, will receive the money over eight years, with $345 million…
People in Argentina are pulling millions of dollars from the banks amid currency crisis fears

People in Argentina are pulling millions of dollars from the banks amid currency crisis...

Argentines have been withdrawing dollars from banks and keeping them at home since President Mauricio Macri’s defeat in a key primary election sent the peso tumbling.Savers pulled more than US$700 million from their dollar-denominated accounts on Monday and Tuesday alone, according to the most recent official data. That’s equivalent to 2.3 per cent of total…
Five eyebrow-raising market events that have nothing to do with Trump

Five eyebrow-raising market events that have nothing to do with Trump

Well, my wish for a quiet summer in the markets has, once again, certainly not come true, with Mr. Trump messing up my relaxation plans with a series of market-moving tweets. So, no sitting on the dock for me this summer. However, at least the markets remain interesting, with plenty of strange stuff to report…
A guide to investing from the Waltons, the richest family on the planet

A guide to investing from the Waltons, the richest family on the planet

Sam Walton would probably be bewildered by the businesses his grandchildren have chosen to pursue, but the late founder of the world’s largest family fortune would likely have applauded their initiative.Grandson Ben Walton, 44, owns Zoma Capital, which makes investments in areas such as energy and water. His cousins Steuart and Tom bought Rapha, a…
OSC blocks CannTrust insiders from trading company stock

OSC blocks CannTrust insiders from trading company stock

Canada’s largest securities regulator has issued a management cease-trade order prohibiting nine insiders at medical cannabis company CannTrust Holdings Inc. from buying or trading the company’s shares.The Ontario Securities Commission said investors other than the nine people named in the order can continue to trade the company’s shares. Those subject to the management cease-trade order…

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