May 22 roundup - MoneySense

May 22 roundup

On Facebook’s fall, rising interest rates and why the CRA is targeting cottage sales.

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Facebook shares continued to slide Tuesday. So why are investors un-friending the social media giant?

•The OECD wants Canada to hike interest rates. The Bank of Canada should resume raising rates this fall to help cool the country’s hot housing market and allow the bank to reach its inflation target, the Paris-based think tank said.

•Thinking of selling the cottage? The CRA seems to be targeting cottage sales and reviewing additions to the original adjusted cost base (“ACB”) of the property.

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