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Japan stock index soars 5 per cent, yen falls after BOJ announces new stimulus

Oct 31, 2014 / 2:44 am

SEOUL, South Korea - Japan's stock benchmark surged 5 per cent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy. Expectations Japan's $1.1 trillion public pension fund would boost...

Japan's huge public pension fund OK's plan to boost share purchases, pare bond holdings

Oct 31, 2014 / 2:30 am

TOKYO - Japan's $1.1 trillion public pension fund has approved a plan to double its holdings of shares and cut back sharply on bonds in its portfolio to help improve its investment returns.The Government Pension Investment Fund endorsed the change in investment strategy on Friday. Prime Minister...

Banks, credit card companies cutting rates charged to merchants, capping fees

Oct 31, 2014 / 1:40 am

OTTAWA - Canada's major banks and credit card companies have reached a deal with the federal government to cut the fees charged to merchants for credit transactions, sources familiar with the negotiations say.The voluntary agreement could mean cost savings for up to 700,000 large, medium-sized and...

Japan central bank unexpectedly expands asset purchases to shore up shaky recovery

Oct 31, 2014 / 1:00 am

TOKYO - Japan's central bank expanded its asset purchases in a surprise move Friday to shore up sagging growth in the world's No. 3 economy.The Bank of Japan said it would increase its asset purchases by between 10 trillion yen and 20 trillion yen ($91 billion to $181 billion) to about 80 trillion...

Police search Boeing aircraft plant in Washington after reports of armed man; nothing found

Oct 30, 2014 / 10:08 pm

EVERETT, Wash. - Police in Everett, Washington, say they have searched a portion of a Boeing aircraft plant after two employees reported seeing what appeared to be an armed man, but officers found nothing to substantiate the reports.More than two hours after the 7 p.m. reports of a man possibly...

Reports: Stampeders great and businessman John Forzani on life support

Oct 30, 2014 / 7:44 pm

CALGARY - Stampeders great and prominent Calgary businessman John Forzani was put on life support in a California hospital on Thursday according to several media reports.Family members have told a number of Calgary-based media outlets that the 67 year old had a heart attack in his sleep and was...

Apple CEO publicly acknowledges that he's gay, but will disclosure ease workplace stigma?

Oct 30, 2014 / 5:02 pm

NEW YORK, N.Y. - Apple CEO Tim Cook's declaration that he's "proud to be gay" wasn't exactly news in Silicon Valley, where his sexual orientation was no secret. But advocates say that given Apple's immense reach and visibility, his coming-out could help change attitudes in workplaces across...
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Salt Lake City optimistic about future Olympic bid as it maintains, upgrades 2002 venues

Oct 30, 2014 / 4:48 pm

KEARNS, Utah - Salt Lake City officials don't know exactly when they will get to bid for another Winter Olympics, but the host city of the 2002 games wants the world to know it is ready and willing whenever given a chance.Several prominent figures gathered Thursday at the Olympic Oval speed skating...

US economy growing while others falter; Fed actions of the past bearing fruit

Oct 30, 2014 / 4:40 pm

WASHINGTON - The U.S. economy powered its way to a solid annual growth rate of 3.5 per cent from July through September, outpacing most of the developed world and appearing on track to extend its momentum through this year and beyond.The result isn't a fluke.It turns out the world's biggest economy...

What will remain of federal surplus following Harper's family tax cuts?

Oct 30, 2014 / 3:40 pm

OTTAWA - One thing is for certain: Prime Minister Stephen Harper's sweeping new package of family tax cuts will chew through billions of dollars of the Conservative government's projected budgetary surplus.Just how much cash is left over — if any — remains to be seen, experts...

Fairfax Financial swings to Q3 profit of US$461.2M on investment gains

Oct 30, 2014 / 3:24 pm

TORONTO - Fairfax Financial Holdings Ltd. (TSX:FFH) said Thursday that gains on its investment portfolio moved the property and casualty insurer back into profitable territory in the third quarter compared with the same period a year earlier.The Toronto-based company, which reports in U.S. dollars,...

Harper courts suburban voters with broad tax relief for families with kids

Oct 30, 2014 / 3:24 pm

OTTAWA - Three months before millions of Canadians get their voter information cards for the 2015 federal election, they'll find something else in their mailboxes: a cheque from the Conservative government.A $60 monthly tax benefit for families with children aged six through 17 is the kind of...

A quick look at new family benefits announced by the prime minister

Oct 30, 2014 / 2:52 pm

OTTAWA - A look at the family-friendly tax measures announced Thursday by Prime Minister Stephen Harper:Income splitting: A "family tax cut" will allow an eligible taxpayer to transfer up to $50,000 of income to his or her spouse for tax purposes in order to collect a non-refundable tax credit of...

Canadian Oil Sands profits fall sharply to $87 million in third quarter

Oct 30, 2014 / 2:50 pm

CALGARY - Canadian Oil Sands Ltd. (TSX:COS) said Thursday a project to replace equipment at its Mildred Lake mine is near completion as it reported a sharp drop in quarterly profits on foreign exchange losses and lower sales.The Calgary-based company, which owns a 37 per cent stake in the massive...

LeBron James huddles Cleveland in stirring new Nike commercial set to debut during opener

Oct 30, 2014 / 2:28 pm

CLEVELAND - LeBron James huddles with teammates before each game, pulling them close to deliver a message. In a new TV commercial, James does the same to bring an entire city together.To celebrate James' homecoming in Cleveland, Nike launched a stirring advertisement on Thursday to coincide with...

Jobs, not human rights, focus of trade mission as premiers wrap Chinese trip

Oct 30, 2014 / 2:04 pm

BEIJING, China - Quebec Premier Philippe Couillard said he never once mentioned the issue of human rights with Chinese officials on a trade mission with two other Canadian premiers to the Asian country.Couillard had said upon arriving in Shanghai earlier this week he didn't intend to lecture his...

Most actively traded companies on the TSX

Oct 30, 2014 / 1:58 pm

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (14,458.69, down 68.88 points):U3O8 Corp. (TSX:UWE). Miner. Up 0.5 of a cent, or 16.67 per cent, to 3.5 cents on 28.2 million shares.Seven Generations Energy Ltd. (TSX:VII). Oil and gas....

Barrick Gold looking to cut debt to $7 billion as industry cuts costs

Oct 30, 2014 / 1:56 pm

TORONTO - Barrick Gold Corp. (TSX:ABX) wants to drop its debt to about $7 billion, down about $3.5 billion from where it stands today."Our current debt level is higher than we would like it to be and we are intent on reducing it," Barrick co-president Kelvin Dushnisky told a conference call with...

Yamana shares down more than 15 per cent after posting loss and cutting dividend

Oct 30, 2014 / 1:46 pm

TORONTO - Shares of Yamana Gold Inc. (TSX:YRI) were hammered Thursday after it reported a US$1.02-billion loss in its latest quarter and slashed its dividend.The stock dropped $1.02 or nearly 17 per cent at $4.99 on the Toronto Stock Exchange.After the close of markets Wednesday, Yamana cut its...

TSX lower amid falling gold prices, heavy slate of earnings, solid U.S. growth

Oct 30, 2014 / 1:36 pm

TORONTO - The Toronto stock market closed lower Thursday as a sell-off in gold stocks accelerated alongside a drop bullion prices.The S&P/TSX composite index declined 68.88 points to 14,458.69 as traders also balanced a strong reading on U.S. third-quarter economic growth.The Canadian dollar was...
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Today's Market
S&P TSX14458.69-68.88
S&P CDNX771.65-9.42
DJIA17195.42221.11
Nasdaq4566.138+16.912
S&P 5001994.65+12.35
CDN Dollar0.8929-0.0005
Gold1173.70-24.90
Oil80.30-0.60
Lumber322.40-1.20
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.11+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.1711-0.0089
Metalex Ventures0.0350.00
Russel Metals32.22-0.35
Copper Mountain Mining1.97-0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 



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Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

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