December 4, 2020
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Pelosi: ‘We Have Time’ For Stimulus, $908 Billion Framework ‘Just A Start’ And Government Will Not Shutdown
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Pelosi: ‘We Have Time’ For Stimulus, $908 Billion Framework ‘Just

admin December 4, 2020

Share to Facebook Share to Twitter Share to Linkedin Topline Following months of deadlock in Washington over additional fiscal stimulus relief, House Speaker Nancy Pelosi (D-Calif.) on Friday insisted Congress will pass an omnibus spending bill this month to avoid a stopgap funding resolution–or government shutdown–and reiterated that she would support a new $908 billion stimulus framework as part of the bill before working to pass additional legislation after President-elect Joe Biden takes office. Speaker of the House Nancy Pelosi (D-CA) speaks during her weekly news conference on Capitol Hill on ... [+] December 4 in Washington, DC. After months of inaction, Read More

A mortgage rate of less than 1% now available in Canada
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A mortgage rate of less than 1% now available in

admin December 4, 2020

How would you like a mortgage with an interest rate of less than one per cent? That’s what HSBC, Canada’s seventh-largest bank by assets, is now advertising.The lender’s website now shows it is offering a new five-year variable mortgage rate of a mind-boggling low 0.99 per cent. It is a first in Canadian history in terms of bank-advertised rates, according to veteran mortgage broker Robert McLister. READ MORE: What do the new CMHC rules mean for homebuyers? “This is a milestone rate, akin to landmark rates like BMO’s 2.99 per cent 5-year fixed in 2012 and Meridian Credit Read More

Canada’s labour market beats expectations, adding 62K jobs in November
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Canada’s labour market beats expectations, adding 62K jobs in November

admin December 4, 2020

By Staff The Canadian Press Posted December 4, 2020 9:24 am     Updated December 4, 2020 9:43 am Smaller font Descrease article font size -A Larger font Increase article font size A+ Statistics Canada says the economy added 62,000 jobs in November compared with an addition of 84,000 in October, as the labour market recovery from the impacts of the novel coronavirus pandemic slowed down. The unemployment rate fell to 8.5 per cent compared with 8.9 per cent in October. READ MORE: Fiscal update would boost child benefit and wage subsidy, calls for airline refunds Employment rose by 0.3 per cent for the month, compared with 0.5 per cent in October. That contrasts Read More

How much could you save with the Liberals’ $400 home office deduction?
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How much could you save with the Liberals’ $400 home

admin December 4, 2020

If you’ve been working from the couch, the kitchen table or the kids’ bedroom this year because of the novel coronavirus pandemic, you’ll likely be able to claim some home-office costs on your next tax return without showing receipts. But don’t expect a big tax break.The Trudeau government’s fall fiscal update included a simplified home office deduction that would allow employees working from home due to COVID-19 to claim a tax deduction of up to $400 “without the need to track detailed expenses.” 7:44The Federal Liberals unveil their plan for new COVID-19 spending The Federal Liberals Read More

Husky Energy to get $41.5 million in federal cash for stalled N.L. offshore project
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Husky Energy to get $41.5 million in federal cash for

admin December 3, 2020

Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, if conditions permit.Newfoundland and Labrador Premier Andrew Furey made the funding announcement today in St. John’s, N.L., saying the investment ensures jobs for 331 people in the province for the next year. Furey said Husky is matching the funding with $41.5 million of its own money. Read more: Costs of decommissioning N.L. offshore kept ‘secret’ but public could be on the hook The company announced in September it was halting construction on Read More

Japan’s Richest Person Sees Wealth Cross $41 Billion As Fashion Sales Rebound In Japan And China
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Japan’s Richest Person Sees Wealth Cross $41 Billion As Fashion

admin December 3, 2020

Share to Facebook Share to Twitter Share to Linkedin Tadashi Yanai the holding company of Japan's casual fashion giant Uniqlo, speaks at his office in ... [+] Tokyo. YOSHIKAZU TSUNO/AFP via Getty Images The net worth of Japan’s wealthiest person, Tadashi Yanai, the billionaire behind everyday fashion brand Uniqlo, touched a peak of $41.6 billion this week, spurred by a shopping frenzy for Uniqlo’s pandemic-friendly clothes from masks to tracksuits. Yanai’s fortune was buoyed by a 114% rise in shares of flagship Fast Retailing since March, when they fell amid a pandemic-induced global sell-off. Yanai, who has a 47% stake Read More

New PPP Loan Data Reveals Most Of The $525 Billion Given Out Went To Larger Businesses–And A Few With Trump, Kushner Ties
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New PPP Loan Data Reveals Most Of The $525 Billion

admin December 2, 2020

Share to Facebook Share to Twitter Share to Linkedin Topline After months of litigation, the Small Business Administration finally revealed the name of every business that received a loan under the Paycheck Protection Program on Tuesday night, and early analysis reveals that a majority of the forgivable funds—intended for smaller businesses needing emergency relief for payroll, rent or mortgage expenses—actually went to bigger businesses, including some with ties to President Donald Trump and his administration. Donald Trump speaks in the Diplomatic Room of the White House on Thanksgiving. Getty Images Key Facts More than half of the roughly $525 Read More

Salesforce Deal Lifts Slack CEO's Fortune By More Than $200 Million
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Salesforce Deal Lifts Slack CEO's Fortune By More Than $200

admin December 1, 2020

Share to Facebook Share to Twitter Share to Linkedin Slack CEO Stewart Butterfield ASSOCIATED PRESS Slack CEO and cofounder Stewart Butterfield was already a billionaire before rumors began floating that Salesforce would buy work-communication tool Slack. But in a deal announced Tuesday after markets closed and valued at over $27 billion, Salesforce’s agreement to purchase Slack lifted Butterfield’s net worth by more than $200 million, Forbes calculates. Per the terms of the acquisition, disclosed in a Salesforce press release, Slack shareholders will get 0.076 shares of Salesforce stock for each Slack share, plus $26.79 per share in cash. Butterfield owns more than 39 Read More

It’s Official: Salesforce Buying Slack For $28 Billion, Taking On Microsoft With Benioff’s Biggest Deal Yet
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It’s Official: Salesforce Buying Slack For $28 Billion, Taking On

admin December 1, 2020

Share to Facebook Share to Twitter Share to Linkedin Topline After nearly a week of speculation, Salesforce confirmed its intent to acquire popular workforce chat platform Slack in a deal valued at $27.7 billion on Tuesday, marking the enterprise cloud giant's largest-ever acquisition and positioning it to compete more forcefully with the nation's second-largest tech firm by market capitalization, Microsoft. Marc Benioff, Chairman and CEO of Salesforce gives a keynote address during the Salesforce ... [+] Dreamforce Conference in San Francisco. Corbis via Getty Images Key Facts In an announcement accompanying the firm's third-quarter earnings release, Salesforce said it'll Read More

Black Friday-Cyber Monday sales surge during COVID-19 pandemic, Shopify stats show
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Black Friday-Cyber Monday sales surge during COVID-19 pandemic, Shopify stats

admin December 1, 2020

Businesses selling through the Shopify platform set a collective sales record over the 2020 Black Friday–Cyber Monday weekend, illustrating what the Ottawa-based tech company’s executives have dubbed a shift in retail’s “centre of gravity” amid the novel coronavirus pandemic.Shopify’s merchants collectively made $5.1 billion in sales from Nov. 27 to Nov. 30, up 76 per cent from last year’s totals for the Black Friday-Cyber Monday (BFCM) stretch. Shopify recorded more than $2.9 billion in total sales on its platform during the 2019 BFCM, a figure its merchants reached this year by 5 p.m. EST on Saturday. (All figures in USD.) The Read More

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