Author Topic: The money thread  (Read 509300 times)

Offline Cudworthhab

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Re: The money thread
« Reply #900 on: December 10, 2014, 10:06:54 am »
I agree that they need to spread the risk across the country & across different product lines .

Offline blotter

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Re: The money thread
« Reply #901 on: December 10, 2014, 11:15:37 am »
They're on my watch list as well. 
However I don't have much $$ in my stock portfolio, so I may not get a chance to strike when I want to.

There was a good article a few weeks ago when the shares sat around $65 and started retreating.
it was comparing them to the US peers and making a case the stock still had tons of potentially and was pretty much still undervalued.   

Offline blotter

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Re: The money thread
« Reply #902 on: December 20, 2014, 09:48:15 am »
interesting and facinating article.
while it's focus is really on one company in particular, it's a fine example of how the media is used to manipulate markets. 

http://www.theglobeandmail.com/report-on-business/how-much-does-ottawa-know-about-the-medical-marijuana-companies-its-licensing/article22008885/

Offline Snowman

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Re: The money thread
« Reply #903 on: January 16, 2015, 07:02:06 am »
My wife has been at McCarthy Law all week for arbitration. She was blown away by the office that is the top 5 floors of the TD Tower. They actually have a kitchen with 5 chefs to feed the 200 lawyers, staff and visitors. One floor is just board rooms that are occupied all day to nearly midnight. Crazy money.

Offline Railton

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Re: The money thread
« Reply #904 on: January 16, 2015, 10:12:13 am »
Interesting documentary about tax avoidance to watch soon. ;)
Railton
-------------------------------------------------------------

From:
Sent: Friday, January 16, 2015 9:12 AM
To: * Toronto - Tax Lawyers
Subject: The Great Canadian Tax Dodge and Al's Interview

The Air Dates for anyone who wants to watch:


Airs on TVO February 4, 2015, 9 PM

 


Air Dates:
Wed Feb 4 at 9:00pm (repeating that same day at midnight)
Sun Feb 8 at 11:00pm
Mon Feb 9 at 10:00pm
The film will also be available to all Canadians on TVO.org and via TVO’s Doc Studio iPad app, starting February 5, 2015.
Twitter: @gr8taxdoc
MEDIA CONTACT: Cynthia Amsden RoundstonePR@gmail.com 416 910 7740

Toronto. January 7, 2015. Benjamin Franklin said there were only two things certain in life: death and taxes. Of course, Franklin could say that because he didn’t live in 21st century Canada where lots of big players are not paying their taxes.  On TVO at 9pm on February 4, 2015, Cogent/Benger’s latest film, The Great Canadian Tax Dodge, will go to air. Written and directed by Robin Benger (Madiba: The Life and Times of Nelson Mandela; Sex Scandals in Religion), The Great Canadian Tax Dodge is produced by Benger and Christopher Sumpton (The Autism Enigma; Pedal Power).
The Great Canadian Tax Dodge is the product of a three-year investigation by writer/director/producer Robin Benger into the extent of tax avoidance by Canadian entities in Canada and abroad, mostly via offshore tax havens in the Caribbean. “I was astonished at the systematic pervasiveness of tax avoidance by many Canadian companies on a multi-billion-dollar scale, with the apparent neglect of several generations of Canadian finance ministers,” says Robin Benger.
The documentary follows the story of a fair-tax campaigner in Ottawa as he struggles to create a national movement; it looks at the views of “the Wayne Gretzky of tax lawyers”, who asserts that legal tax avoidance is a good thing; it examines the charge that the highest courts are settling precedent-setting cases in favour of companies that deprive Canadians of millions of dollars of taxable revenue; and it reports on the seminal Canadian influence in the setting up and running of global tax havens, and how tiny offshore islands like the Caymans have become the agents of investment in major sectors of the Canadian economy.

“This revealing and brilliant film explains the strategies used by tax avoiders and demonstrates the damage they cause.”--Neil Brooks, Professor Emeritus and Senior Scholar, Osgoode Hall Law School

"Watch this and realise what you've been missing - which is the tax the dodgers don't pay that you have to instead."--Richard Murphy, Founder, Global Tax Justice Network.

The Great Canadian Tax Dodge is narrated by Nicky Guadagni, with cinematography by Colin Allison, original music composed by Kurt Swinghammer and computer animation by Mark Alberts. Produced by Cogent/Benger Productions in association with TVO, with Jane Jankovic, Executive Producer for Documentaries, and with the assistance of the Canada Media Fund and The Canadian Film Or Video Production Tax Credit.


ABOUT ROBIN BENGER AND COGENT/BENGER PRODUCTIONS:
Robin Benger is a producer/director/writer/narrator of television documentaries. Born in England, raised in South Africa, he's been working in Canadian journalism and documentary filmmaking since 1976. Over a 30-year career he has made more than 100 documentaries on practically every conceivable subject across more than 65 countries, both as an in house documentary producer for the Canadian Broadcasting Corporation and as an independent documentary filmmaker. Since 1997 he has run Cogent/Benger Productions with Christopher Sumpton. First they produced In Security for the CBC, which then led to Eastside Showdown for the NFB. Since then they’ve produced The Autism Enigma, Sex Scandals in Religion, Five Roads to Freedom, Pedal Power, Porndemic, Pharma Sutra, China’s Leap of Faith, How To Stop a Hurricane, which received the innovation prize at the Pariscience Film Festival, Money & The Maker, The In-Between World of MG Vassanji, Destiny: The Life & Times of Paul Anka; Somebody Stop Me; The Life and Times of Jim Carrey and Wolverine: Devil Of The North. C/BP's programs have been seen on Canadian networks, such as CBC, CTV and Discovery, as well as internationally on ARTE, ABC (Australia) and other broadcasters. Benger also made “Madiba; the Life and Times of Nelson Mandela” and “A Dream of Millions” for CBC, both of which won Geminis.
Do you realize that in about 30 (updated as requested) years, we'll have millions of old ladies running around with tattoos?

Offline Guy

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Re: The money thread
« Reply #905 on: January 21, 2015, 11:18:30 am »
Bank of Canada lowers prime rate to .75% from 1%. TSE jumps 237 points!  :)

Offline Snowman

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Re: The money thread
« Reply #906 on: January 21, 2015, 11:40:29 am »

Offline Triple Bob

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Re: The money thread
« Reply #907 on: January 21, 2015, 12:11:46 pm »
What ain't workin', your frickin' resize button?!?

 :rofl2:


Choosing a car based on reliability is like choosing a wife based solely because she is punctual. There is more to it than that...

Offline Guy

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Re: The money thread
« Reply #908 on: January 21, 2015, 12:51:22 pm »
And the US $ is up to almost $1.24 CAD now...

Crazy day!!

Offline Triple Bob

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Re: The money thread
« Reply #909 on: January 21, 2015, 12:56:46 pm »
I bought some stuff from the US in December, picked it up last weekend, so glad I did now.

Offline Solstice2006

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Re: The money thread
« Reply #910 on: January 21, 2015, 01:22:47 pm »
Bank of Canada lowers prime rate to .75% from 1%. TSE jumps 237 points!  :)

Does that mean my mortgage rate will go down?  As I am on a variable rate. Prime 2.25% currently...

Offline OliverD

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Re: The money thread
« Reply #911 on: January 21, 2015, 01:29:49 pm »
Bank of Canada lowers prime rate to .75% from 1%. TSE jumps 237 points!  :)

Does that mean my mortgage rate will go down?  As I am on a variable rate. Prime 2.25% currently...

Assuming that the banks follow the prime rate, which they usually do, then yes.

Offline SaskSpecV

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Re: The money thread
« Reply #912 on: January 21, 2015, 01:35:05 pm »
Damn glad my wife got the US money to pay for her horse trailer in December...every penny slide in the CDN dollar would have cost her another $250!

But all of us are going to start feeling this kick in when import pricing starts creeping up.  I wonder how long before the CDN hockey teams start their "we can't remain competitive paying US salaries in CDN dollars" refrain!

Offline ArticSteve

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Re: The money thread
« Reply #913 on: January 21, 2015, 01:43:17 pm »
BoC is panicking and terrified of a significant reversal in housing prices.  This band aid will do little.

Significant unemployment around the corner.

BoC model is based on $60 WTI.  JP Morgan says under $50 until 2019.  What year are we in now?   

Offline SaskSpecV

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Re: The money thread
« Reply #914 on: January 21, 2015, 01:56:47 pm »
BoC model is based on $60 WTI.  JP Morgan says under $50 until 2019.  What year are we in now?

Hmmm, you don't trust BoC model, but have that much faith in JP Morgan's predictions 5 years out??  C'mon Steve, you know better.  None  of the forecasting agencies - gov't, banking, etc. - have a crystal ball, especially for that sort of time frame.  How good was JP Morgan at predicting the crash pre-2008?  Or how about predicting the current oil price slide?  Nobody saw it coming (except maybe the Saudi royal family), so nobody should pretend they'll be any better at predicting the future.

I completely agree that it would be prudent to base royalty/economic assumptions on lowball estimates - but nobody predicted this low.

Offline Solstice2006

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Re: The money thread
« Reply #915 on: January 21, 2015, 01:58:53 pm »
Bank of Canada lowers prime rate to .75% from 1%. TSE jumps 237 points!  :)

Does that mean my mortgage rate will go down?  As I am on a variable rate. Prime 2.25% currently...

Assuming that the banks follow the prime rate, which they usually do, then yes.

Maybe I should meet with some mortgage advisor at the bank.  If they do adjust the rate.  I would like to ask if it is possible to keep my payments the same, so more of the principal is paid.  Sure I could pocket the rest, into the savings account and make a payment at the end of the year, but I don't trust myself...

Offline Guy

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Re: The money thread
« Reply #916 on: January 21, 2015, 02:18:22 pm »
Bank of Canada lowers prime rate to .75% from 1%. TSE jumps 237 points!  :)

Does that mean my mortgage rate will go down?  As I am on a variable rate. Prime 2.25% currently...

Assuming that the banks follow the prime rate, which they usually do, then yes.

Maybe I should meet with some mortgage advisor at the bank.  If they do adjust the rate.  I would like to ask if it is possible to keep my payments the same, so more of the principal is paid.  Sure I could pocket the rest, into the savings account and make a payment at the end of the year, but I don't trust myself...

Yes, you should be able to do that.

« Last Edit: January 21, 2015, 03:06:24 pm by Guy »

Offline Snowman

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Re: The money thread
« Reply #917 on: January 21, 2015, 02:23:20 pm »
BoC is panicking and terrified of a significant reversal in housing prices.  This band aid will do little.

Significant unemployment around the corner.

BoC model is based on $60 WTI.  JP Morgan says under $50 until 2019.  What year are we in now?

$0.80 CDN is the sweet spot for Ontario manufacturing and mining companies with Canadian operations. Good times.

Offline evil_twin

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Re: The money thread
« Reply #918 on: January 21, 2015, 02:32:39 pm »
BoC is panicking and terrified of a significant reversal in housing prices.  This band aid will do little.

Significant unemployment around the corner.

BoC model is based on $60 WTI.  JP Morgan says under $50 until 2019.  What year are we in now?

$0.80 CDN is the sweet spot for Ontario manufacturing and mining companies with Canadian operations. Good times.

Agreed.  Canada is an export economy and BoC recent moves have mostly been to lower the dollar.   Sure it will cost you more to order from US retailers, but Canadian manufacturing and resources can better compete.

Certainly good for my purely USD-based employer.  24% lift on the bottom line.

Offline ArticSteve

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Re: The money thread
« Reply #919 on: January 21, 2015, 02:57:32 pm »
BoC model is based on $60 WTI.  JP Morgan says under $50 until 2019.  What year are we in now?

Hmmm, you don't trust BoC model, but have that much faith in JP Morgan's predictions 5 years out??  C'mon Steve, you know better.  None  of the forecasting agencies - gov't, banking, etc. - have a crystal ball, especially for that sort of time frame.  How good was JP Morgan at predicting the crash pre-2008?  Or how about predicting the current oil price slide?  Nobody saw it coming (except maybe the Saudi royal family), so nobody should pretend they'll be any better at predicting the future.

I completely agree that it would be prudent to base royalty/economic assumptions on lowball estimates - but nobody predicted this low.

BoC is managing an economy similar to someone stepping on a landmine, but only detonating it if they step off of it.   What else are they going to say about oil.  That fact is there is a 1.6 million barrel a day surplus.  Current producers are pumping flat out just to cover "Cash Costs".

WCS closed @ $31.79 USD (39.45 cdn) in relation to WTI.

If unemployment reaches critical mass it could pop the housing bubble which is beyond ridiculous by any metric.  Lower loonie will make squat difference to Ontario/Quebec employment.  The manufacturing sectors here are beyond salvage.  The only thing that has been driving the eastern economies is Federal and Provincial deficit spending.  For the past decade Ontario has been pumping on average 15 Billion into the Ontario economy.  That's all ending now.  Currently, all ministries in Ontario are slowly laying off ppl, cancelling and delaying infrastructure throughout.

Loonie could easily hit 70 cents USD once things really start to unravel.  FWIW, loonie was 63 cents in 2003 and the country was in a infinitely better place.

Welcome to the real Harper Economic Action Plan.