. This small-cap stock is well covered by the Street. In Februrary, two analysts – CIBC World Markets’s Stephanie Price and Desjardins Securities’ Gary Ho – initiated coverage on the company, bringing the total number of analysts covering it up to nine. The stock has a unanimous buy recommendation with over 30-per-cent upside potential in the share price anticipated over the next year. Winnipeg-based People Corp.
will now be held legally responsible for any tax owing on income earned in a tax-free savings account. In the 2019 budget, the federal government proposed the changes stating the TFSA holder is “typically in the best position to determine whether the activities of the TFSA constitute carrying on a business,” and therefore should be the one held responsible for paying any amount owing in tax. While the Canada Revenue Agency allows securities trading it deems to be passive to occur within a TFSA, it has deemed day trading to be a business, and will tax it accordingly. Clare O’Hara reports .
. Taking their cue from slowing growth and a more dovish tone from central banks, bond yields have taken a remarkable dive. The yield on the five-year Government of Canada bond, for instance, has plunged more than a full percentage point, to about 1.46 per cent from a recent peak of about 2.49 per cent in October. Such a violent downward move is often associated with a sharp slowdown in the economy.
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