Woman aiming for $35,000 a year retirement income worries small savings not enough to reach goal

Woman aiming for $35,000 a year retirement income worries small savings not enough to reach goal

Situation: Woman, 60, with no company pension and low six-figure savings worries about future income Solution: Reducing spending alone will support retirement and more working years add security A divorced Ontario woman we’ll call Nancy, 60, is approaching retirement in five years with trepidation. Her company, a small business providing subsidized housing, does not offer…

Alcohol broker Southern Glazer’s partners with Aphria to sell weed

Alcohol broker Southern Glazer’s partners with Aphria to sell weed

The Canadian arm of alcohol distributor Southern Glazer’s Wine & Spirits LLC is entering the cannabis market by launching a marijuana-focused broker and partnering with licensed producer Aphria Inc. The new company, Great North Distributors Inc., will represent Aphria products to retailers and regulators across the country, essentially acting as Aphria’s on-the-spot salesforce, the company…

The FDA just approved a new kind of medication that could change the way we treat a condition that affects 38 million Americans

The FDA just approved a new kind of medication that could change the way we treat a condition that affects 38 million Americans

The FDA just approved a migraine treatment that’s the first of a new class of medications. The drug is called Aimovig, and it’s made by Amgen in partnership with Novartis. It will cost $6,900 a year. The wave of new treatments, of which Aimovig is the first to get approval, are going after the huge…

‘Submission’ strategy not working for Trump as NAFTA talks drag on

‘Submission’ strategy not working for Trump as NAFTA talks drag on

House Speaker Paul Ryan was once described as a Republican “young gun.” These days, he fires blanks. Ryan told the the men and women negotiating the North American Free Trade Agreement that if they wanted legislative approval this year, then he would need something by May 17. Everyone in Washington, Ottawa, and Mexico City essentially…

Why Enbridge’s roll-up could be good for investors

Why Enbridge’s roll-up could be good for investors

Enbridge Inc.’s decision on Thursday to absorb four of its subsidiaries is designed to mitigate the negative tax implications of a U.S. regulator changing its policy and to shore up investor confidence, analysts say, but it will do little to address the $60-billion debt elephant in the room. Enbridge intends to swap $11.4 billion in…

Inside the shakeup at the top of Goldman Sachs’ trading division — and what it means about the future of the firm

Inside the shakeup at the top of Goldman Sachs’ trading division — and what it means about the future of the firm

Wall Street was abuzz this week with Goldman Sachs bankers and rival financiers questioning what was behind the firm’s Monday announcement that securities division coheads Pablo Salame and Isabelle Ealet would be leaving the bank in June. Ealet’s departure was expected — the business she was most closely associated with, commodities, had its worst year…

Ad industry execs are buzzing about a potential sale of LiveRamp, one of the must trusted marketing-data platforms

Ad industry execs are buzzing about a potential sale of LiveRamp, one of the must trusted marketing-data platforms

LiveRamp employees. Glassdoor/LiveRamp Marketing-data company Acxiom is shopping around LiveRamp, a data-migration firm it acquired just four years ago for $310 million, according to industry insiders. LiveRamp is known as a “data-onboarding” company. It essentially helps big companies move around databases in a safe, privacy-respectful manner. For example, a big brand that has loads of…

Like it or not, crude oil is the biggest reason for Canada’s prosperity

Like it or not, crude oil is the biggest reason for Canada’s prosperity

The oil industry looms large in the Canadian economy and, in many ways, pays the rent in Canada. Yet many Canadians appear unaware of how critically important the oil industry is to the national economy, a fact often lost in the debate over the Trans Mountain pipeline expansion. Canada is a trading nation. We owe…