While we used to think of new mines as projects that required WTI prices near $ 100 per barrel to be viable, we can see 10 per
cent rates of return on investment at WTI prices below $ US65 per barrel for a new build.
If you're talking about a new project with no significant investment already deployed, building a new mine if you expect today's prices to hold in the long term is a tough call — a 50 year oil sands project is a lot of risk for less than a 10 per
cent rate of return — but even there, you can see the impact of the lower Canadian dollar and the hedge provided by a royalty regime which lowers rates when prices are low.
The loans were given at a very favourable two per
cent rate of interest and under the agreement Britain was allowed to defer payments whenever it wanted.
Alistair Darling's attempts to simplify the CGT system with a flat 18 per
cent rate of tax have been met with fierce opposition by business leaders, prompting speculation the Treasury would be forced to make some concessions.
One important moment came in last year's pre-Budget report, when Darling announced a plan to bring in a new 45 per
cent rate of income tax on earnings above # 150,000 a year in 2011.
The 17.5 per
cent rate of VAT has been in place since 1991, except for the temporary reduction to 15 per cent introduced by Alistair Darling as the last Labour government sought to tackle the recession.
In other words, paying off a credit card balance is equivalent to earning a guaranteed 30 per
cent rate of return, assuming you are in a 33.5 per cent income tax bracket.
If a 40 - year old earns an 4 per
cent rate of return on their $ 100,000 RRSP instead of 5 per cent, their RRSP will be 21 per cent smaller at age 65 — $ 266,584 instead of $ 338,635.
As a result, the full $ 5,000 is invested in his RRSP, grows to $ 9,031 (also compounded at a three per
cent rate of return) and is ultimately taxed in 20 years» time at 40 per cent, netting Jake exactly the same after - tax amount as Isaac, or $ 5,418.
The calculator they have on their website does not allow for variations in the per
cent rate of commissions despite the fact not all brokers charge five per cent — some charge more, some charge less.
Not exact matches
But because operators bill at such a high
rate for data roaming — at about 15
cents per kilobyte
of information in France, for example, which is roughly the amount
of information in this paragraph — consumers typically reach that limit within a few hours
of downloading standard e-mails.
The global market for voice AI speakers is expected to grow at a compound annual
rate of 43 per
cent to reach US$ 2.1 billion by 2020, according to analysis firm Gartner.
The economy grew at an annual
rate of 0.4 per
cent in the October - December quarter, the Commerce Department said Thursday.
Yet the Prime Minister's Office appears to think an economy that has been growing at an annual
rate of around three per
cent for nearly a year is too weak to absorb interest
rates that still are near record lows.
Analysts think the economy is growing at a
rate of around 2.5 per
cent in the current January - March quarter, which ends this week.
The 0.4 per
cent growth
rate for the gross domestic product, the economy's total output
of goods and services, was the weakest quarterly performance in almost two years and followed a much faster 3.1 per
cent increase in the third quarter.
Shares dropped more than 5 per
cent in morning trading Tuesday and one analyst that follows the company stripped it
of its «Buy»
rating.
The Canadian dollar was up 0.08
of a
cent to 96.46
cents US as inflation came in at an annualized
rate of 1.2 per
cent, which was in line with expectations.
On the economic front, the U.S. consumer price index rose a slight 0.3 per
cent in December, translating into an annualized
rate of 1.5 per
cent.
THE unemployment
rate in Australia is currently 6.9 per
cent, according to figures released by the Australian Bureau
of Statistics last week.
At that
rate, the cost
of a typical 12 - ounce can
of soda would rise by 21
cents.
Even before Wednesday's decision, five
of the country's largest banks hiked five - year fixed
rates 15 basis points to 5.14 per
cent last week.
• Credit card delinquency
rates remain low, at only 0.87 per
cent of total outstanding balances as
of April 2016, while credit card debt only makes up five per
cent of total household debt in Canada.
The savings
rate is close to the 25 - year average
of five per
cent, which doesn't point to a consumer debt apocalypse.
About 70 per
cent of mortgages in Canada are fixed
rate, with the majority
of those loans set for five - year terms.
When those prices collapsed anew a few years later, the central bank dropped the benchmark interest
rate back to its crisis - era setting
of 0.5 per
cent %.
Between 2000 and 2010, HELOC balances soared from $ 35 billion to $ 186 billion, according to the Financial Consumer Agency
of Canada, an average annual growth
rate of 20 per
cent.
If the Bank
of Canada ultimately raises its benchmark
rate by 50 basis points from the start
of the year, that could increase borrowers» monthly payments by approximately 5 per
cent, according to Rob McLister, founder
of comparison site RateSpy.com.
«There are 70,000 books in the British Library with leadership in the title,» the blog reports Furnham remarking, «but most leaders don't succeed, they fail, with a base
rate of bad leadership collated from various studies
of 50 per
cent.»
The range
of parameter values consistent with Canadian data are in red; they are all much smaller than the 73 per
cent rate obtained by Diamond and Saez using U.S. data.
Aside borrowers, investors benefit from regular monthly returns at an average
rate of 15.5 per
cent, which is significantly higher than other asset classes.
The increase from 0.7 per
cent in May put Canadian inflation
rate back into the desired range
of between one and three per
cent that the Bank
of Canada strives to achieve.
«(With an alternative lender), the interest
rates are higher, the qualifying
rate is higher than if you were going with a traditional bank and they are going to charge one per
cent of the mortgage amount (as a lender's fee) for closing, so that means your closing costs increase.»
The Smart Savings account, launched in Canada and the U.S. on Thursday, will offer a 1.7 per
cent interest
rate north
of the border.
Perhaps more importantly, if we take his new statements literally he is now predicting that installation
of a Tory government will immediately cause the economy to grow at an absurd 10 per
cent per year, 5 times the current
rate by implementing only three - tenths
of the Million Jobs Plan.
The Tax Foundation recently published research that found America's top
rate of business tax — 35 per
cent — is the highest amongst the 34 industrialized nations
of the Organization for Economic Cooperation and Development (OECD).
The gains were enough to lower the unemployment
rate to a 4 1/2 - year low
of 7.4 per
cent, a good sign in an otherwise lacklustre report.
The Commerce Department said Monday that new - home sales fell 2.4 per
cent last month to a seasonally adjusted annual
rate of 412,000.
The whole concept
of inversion, and the simpler relocation
of smaller firms» HQs, is driven by one simple desire — to avoid America's corporate tax
rate which headlines at 35 per
cent, which is the highest corporate tax
rate in the industrialized world.
On the other hand, the sell - through
rate of new launches has plummeted, with 65 per
cent recorded this month, against 90 per
cent last month.
As universally expected, the Federal Reserve left things as they were after yesterday's Federal Open Market Committee meeting: the target for the Fed funds
rate stays between 0 and 0.25 per
cent and the bank will continue to buy $ 40 billion - worth
of mortgage - backed securities, plus $ 45 billion
of longer - term treasuries per month.
This group
of occupations has an unemployment
rate of just over 1 per
cent and wages that are «rising by an average annual
rate of 3.9 per
cent — more than double the
rate seen in the economy as a whole.»
The Reserve Bank
of Australia has left the cash
rate unchanged at 2.25 per
cent after cutting it in February.
The unemployment
rate in Western Australia was unchanged at 6.1 per
cent in September, however it disguised a fall in employment as the number
of people working fell by over 9,000 during the month.
Western Australia has maintained the country's fastest annual population growth
rate of 2.9 per
cent, however the
rate of growth has slowed compared with last year's figures.
The rising cost
of homeownership is pushing more people to rent, and the vacancy
rate in Toronto has tightened over the past few years to 1.3 per
cent, according to CMHC.
Richard Tse, an analyst with National Bank Financial, put out a research note this week estimating that Shopify's churn
rate is 25 per
cent, and that «transient subscribers» account for between 5 per
cent and 10 per
cent of revenue.
Condo prices are growing at a
rate of 19 per
cent year - over-year too, even though a record number
of units are under construction relative to the population, according to TD Economics.
A 2013 survey conducted near its Tasiast mine in Mauritania by local sociologists found that the number
of households living below the poverty line had been cut by more than half since 2011 and the unemployment
rate had declined from 47 per
cent to 24 per
cent.
In turn, Bolger added, the bank's effective tax
rate after one fiscal year will move to the lower end
of its range
of 22 per
cent to 24 per
cent.