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Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone

Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone

OTTAWA — Canadian couples looking to save money in retirement may turn to spousal RRSP accounts, though financial experts caution it might not work for everyone. Aba Quarshie, a financial planner at RBC in Almonte, Ont.
Weekly jobless applications fall again despite Fed rate push

Weekly jobless applications fall again despite Fed rate push

Fewer Americans filed for jobless benefits last week despite efforts by the Federal Reserve to loosen the labor market with higher interest rates as it tries to cool the economy. Applications for jobless aid in the U.S. for the week ending Feb.
RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss

RioCan Real Estate Investment Trust raises monthly distributions, reports Q4 loss

TORONTO — RioCan Real Estate Investment Trust raised its payment to unitholders as it reported a loss of $5 million in its fourth quarter. The real estate trust says it will now pay a monthly distribution of nine cents per unit, up from 8.5 cents.
MTY Food Group reports $7.1M Q4 profit, revenue up 65 per cent from year ago

MTY Food Group reports $7.1M Q4 profit, revenue up 65 per cent from year ago

MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $7.1 million as the acquisition of BBQ Holdings helped its revenue rise 65 per cent compared with a year ago.
Perk or necessity? Hybrid work expectations differ between employers, employees

Perk or necessity? Hybrid work expectations differ between employers, employees

For public relations executive Terance Brouse, the office is where creativity flows. On Mondays, Tuesdays and Wednesdays, employees at Maverick PR work from the firm's office — a converted red brick Victorian home in Toronto's Annex neighbourhood.
China sanctions Lockheed Martin, Raytheon for Taiwan sales

China sanctions Lockheed Martin, Raytheon for Taiwan sales

BEIJING (AP) — China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to Taiwan, stepping up efforts to isolate the island democracy claimed by the ruling Communist Party as part of it
Shopify reports $623.6 million net loss in Q4, revenue up 26%

Shopify reports $623.6 million net loss in Q4, revenue up 26%

TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most recent quarter delivered a loss of US$623.6 million.
S&P/TSX composite edges upward despite energy losses, U.S. markets also up

S&P/TSX composite edges upward despite energy losses, U.S. markets also up

TORONTO — Losses in energy on sa¹ú¼Ê´«Ã½'s main stock index were offset by gains in other sectors, with the index posting a minor gain Wednesday, while U.S. markets were also up. The S&P/TSX composite index was up 15.60 points at 20,720.39.
Kinross reports loss of US$106 million in Q4, earnings of $31.9 million in 2022

Kinross reports loss of US$106 million in Q4, earnings of $31.9 million in 2022

TORONTO — Kinross Gold Corp. says it saw a loss of US$106 million from continuing operations in the fourth quarter of 2022, down from a loss of $66.2 million during the same quarter a year earlier. The company, which reports in U.S.
Nutrien sees 2022 earnings more than double despite softness in Q4

Nutrien sees 2022 earnings more than double despite softness in Q4

SASKATOON — Nutrien Ltd. says it earned $1.1 billion in the fourth quarter of 2022, down seven per cent from the same quarter a year earlier. Earnings per diluted share for the quarter ended Dec. 31 were $2.15, up from $2.11 a year earlier.