High interest rates reward those who save
Savers and investors have enjoyed a favorable period as bank savings rates hover around 15 percent since 1981. An initial 1000 grows to about 2000 in under five years, yielding roughly four points above inflation. Better yields on bonds are limited, with long-term Government of Canada bonds only about 0.4 percentage point above bank savings.
MENTIONED IN THIS ARTICLE
Seymour Friedland
Financial Times
Toronto
Canada
Government of Canada
U.S
Royal Bank of Canada
Royal Bank
United States
International Monetary Fund
IMF
Washington
P.m. Ch'ge A
BAGFM
AMCA
Abu Pree
Abitbi
Advocate
Agassiz
Agnico
Agra
Alcan
Algoma
Astel P - Alum
Peu
Zuea Zuvy
Eagle
Leduc
Andrs WA
Andres
Argus
Atco
Atco II
Atlas
Bank NS
Bell Canad
Bighart O
Brinco
Computers move into architecture offices with drafting aid
In Vancouver, computer terminals enter architectural firms like Chandler Kennedy, promising faster production drawings and reduced drafting drudgery. The Sigma Design system, costing about $135 000, can produce 2D and 3D drawings from input, with a digitizing pad and keyboard interfaces.
MENTIONED IN THIS ARTICLE
Madelaine Drohan Vancouver
Roger Bayley
Chandler Kennedy
Vancouver
Bayley
Calgary
Edmonton
Sigma Design
Denver
Colo
Sigma
Market Totals Show Mixed Trading in Early Session
Pemberton Securities data place the TSE composite at 1453.3 at noon EDT, down 7 points. Sector readings include Oils at 2497.3 down 26.8, Real Estate down 115.0, and Pipelines down 2.8, with Metals up 2.1 and Golds down 6.5. Dow stands at 801.65 with the Canadian dollar at 0.7975 US.
MENTIONED IN THIS ARTICLE
Pemberton Securities Ltd
Medicine Hat
U.S
Investors lose money in small businesses
Tax rules on capital losses and special business investment losses affect investors in Canadian private companies. IT-484 clarifies when losses can be claimed, including deems, bad debts, and bankruptcies. Individuals may deduct up to 2,000 of capital losses from other income. corporations face limits.
MENTIONED IN THIS ARTICLE
Financial Times
Toronto
Department of National Revenue
Toronto Stocks Mixed on Broad Board Report at Noon
A midday report shows mixed activity across Toronto markets with numerous securities listed. Traders monitor price changes in senior equities like Alcan and Bell Canada as volumes surge and declines appear for others.
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