Economy

TD hikes dividend as Q1 earnings beat estimates, AUM grows

TD Bank’s adjusted earnings came in ahead of analyst estimates Thursday, rising 15% from the year-earlier period after excluding the impact of U.S. tax reform and other items. The Canadian lender had $2.946 billion, or $1.56 per share, in adjusted diluted earnings per share for the fiscal first quarter ended Jan. 31. That was above […]

By Staff, with files from The Canadian Press |March 1, 2018

3 min read

Tax cuts boost U.S. incomes, but spending increase modest

Americans lifted their spending just 0.2% in January, while their incomes jumped because of last year’s tax cuts. The Commerce Department said Thursday that the modest spending increase followed gains of 0.4% in December and 0.8% in November. Incomes rose 0.4%, boosted by $30 billion in tax cut-related bonuses the government estimates were paid out […]

By Staff, with files from The Associated Press |March 1, 2018

3 min read

Highlights from budget 2018

From passive income rules to cybersecurity spending, here's what the feds propose

By Staff, with files from The Canadian Press |February 27, 2018

6 min read

All about the Liberals’ EI Parental Sharing Benefit

The Trudeau Liberals took baby steps in their bid to reshape the social safety net Tuesday with a new, “use-it-or-lose-it” leave option for new parents and a modest increase in the value of a rebranded tax benefit for low-income workers. The government’s third budget—coming on the heels of two that created an income-tested child benefit […]

By Staff, with files from The Canadian Press |February 27, 2018

4 min read