It took Russell Phipps just one day to sell his three-bedroom, 1,800-sq.-ft. house in Ajax, Ont., after a fierce bidding war. With an early closing and no place yet to live, the Toronto native moved into a friend's 550-sq.
Ontario's deficit for this fiscal year is down to $1.9 billion, due in part to higher tax revenues, a hot housing market and the use of the province's reserve.
Yahoo is taking a $350 million US hit on its previously announced $4.8 billion US sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.
Excerpted from Dispelling the Myths of Borrowing to Invest. Before we can assess the merits of larger loans to “catch-up” on RRSP contributions, Canadians should recognize that there are at least five different RRSP refund strategies.
Veresen Inc. is selling its power generation business to several buyers for a total of $1.18 billion. According to its website, Calgary-based Veresen's power business includes a combination of gas-fired, hydroelectric, wind and other types of ...