KeatsConnelly Cross-Border Weekly Best of the Web 2015-7-24

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s articles begin with a couple pieces of dire news regarding the Canadian economy. We finish with a link to a video from The Globe and Mail covering some basic pieces of information important for American’s living and investing in Canada.

With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower (www.financialpost.com) – Ontario, the world’s most indebted sub-sovereign borrower, is ploughing ahead with Canada’s most ambitious infrastructure plan — risking the censure of Standard & Poor’s and underperformance for its $307 billion of bonds. The nation’s most-populous province is keeping a goal of spending $130 billion over the next decade on work such as roads and mass transit in Toronto even after S&P dropped its credit grade this month to the lowest level ever. Yield spreads on some of the province’s debt reached the widest since January after the ratings move…

Record levels of home building in Canada raises new red flags (www.theglobeandmail.com) – An international construction industry organization is raising new red flags about record levels of home construction in Canada’s major cities. More than a quarter of Canadian construction industry professionals told a new survey by London-based Royal Institute of Chartered Surveyors they were worried that Toronto’s housing market was at risk of a price correction because of high levels of new home construction. Half also pointed to Calgary as a market where the level of residential construction threatened to outstrip demand amid falling oil prices, putting home prices at risk…

Investment basics for Americans living in Canada (www.theglobeandmail.com) [VIDEO]

Come back next week for more interesting news and articles. Enjoy your weekend!

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Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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Taxation of Canadians in America
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Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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