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Should you transfer your DC pension plan to a discount brokerage? May 8th
Ask MoneySense
I have been with the same employer for nearly 20 years and have participated in the company’s DC RPP for nearly that whole time.
A few years back I consolidated the majority of my different investment accounts—RRSP, TFSA and unregistered—by moving them all to a discount.... More »
Trump moves to scale back financial regulations + MORE Feb 4th
President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signalling that it’s eager to help.
The president signed an executive order that will direct the Treasury secretary to review a 2010 f.... More »
Couche-Tard's Q2 earnings up 9% from acquisitions, fuel sales + MORE Nov 27th
The world's second-biggest convenience store operator beat revenue expectations, as the Quebec-based retailer's net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions, improved fuel sales and lower taxes..... More »
New CEO of mortgage lender Home Capital says corporate culture is critical + MORE Aug 3rd
The new CEO of Home Capital Group (TSX:HCG) says ensuring the company, which nearly collapsed earlier this year, has the right corporate culture is critical to its future.
In his first day on the job Thursday, Yousry Bissada said while the lender’s core executive team is strong, there is still.... More »
Delta Air Lines places firm order for 75 CSeries aircraft + MORE Apr 28th
MONTREAL — Bombardier says Delta Air Lines Inc. has placed a firm order for 75 CS100 aircraft with options for an additional 50 CS100 aircraft in what would be the largest order for the CSeries jets.
The company says, based on the list price, the firm order is valued at approximately US$5.6 billi.... More »
Finance ministers warn of consequences for not adopting new tax evasion rules
– canadianbusiness.com
WASHINGTON – The world’s major economies have issued a warning that countries could be punished if they resist new global anti-tax-evasion rules amid the wide-ranging fallout over the so-called Panama Papers.
The massive leak of offshore bank details that has already destroyed a few political careers also destroyed scheduling plans Friday at the spring financial meetings, pushing a G20 meeting well over time.
“Yes, it was a main point of discussion,” Finance Minister Bill Morneau said afterward.
“It was clear that many people wanted to speak of the importance of collective action… In the course of many people pressing the button to speak, we took a little longer than we would have taken otherwise.”
The final communique warned of actions against countries that don’t agree within a year to adopt bank-reporting standards being promoted by international agencies.
It didn’t go as far as some countries wanted — it did not explicitly mention economic sanctions, nor did it single out Panama…
The massive leak of offshore bank details that has already destroyed a few political careers also destroyed scheduling plans Friday at the spring financial meetings, pushing a G20 meeting well over time.
“Yes, it was a main point of discussion,” Finance Minister Bill Morneau said afterward.
“It was clear that many people wanted to speak of the importance of collective action… In the course of many people pressing the button to speak, we took a little longer than we would have taken otherwise.”
The final communique warned of actions against countries that don’t agree within a year to adopt bank-reporting standards being promoted by international agencies.
It didn’t go as far as some countries wanted — it did not explicitly mention economic sanctions, nor did it single out Panama…
Marathon Petroleum, Citi, GM slip; Edison Int’l rises
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Citigroup Inc., down 6 cents to $44.92
The bank’s profit shrank 27 in the first quarter, but its net income and revenue were greater than expected.
Regions Financial Corp., up 26 cents to $8.74
The Regions Bank holding company reported a bigger profit and greater sales than expected.
Marathon Petroleum Corp., down $1.52 to $37.90
Energy companies took losses as the price of oil fell.
General Motors Co., down 16 cents to $30.56
The company is recalling 1 million Chevrolet Silverado and GMC Sierra pickup trucks because of possible seatbelt problems.
Edison International, up $1.02 to $71.06
Utilities traded higher as bond prices rose. Investors are drawn to their relatively high dividend payouts because rising bond prices are lowering the yields investors can earn from bonds.
Newmont Mining Corp., up 69 cents to $29.37
Mining and metals companies rose as gold and silver prices increased…
NYSE
Citigroup Inc., down 6 cents to $44.92
The bank’s profit shrank 27 in the first quarter, but its net income and revenue were greater than expected.
Regions Financial Corp., up 26 cents to $8.74
The Regions Bank holding company reported a bigger profit and greater sales than expected.
Marathon Petroleum Corp., down $1.52 to $37.90
Energy companies took losses as the price of oil fell.
General Motors Co., down 16 cents to $30.56
The company is recalling 1 million Chevrolet Silverado and GMC Sierra pickup trucks because of possible seatbelt problems.
Edison International, up $1.02 to $71.06
Utilities traded higher as bond prices rose. Investors are drawn to their relatively high dividend payouts because rising bond prices are lowering the yields investors can earn from bonds.
Newmont Mining Corp., up 69 cents to $29.37
Mining and metals companies rose as gold and silver prices increased…
Consumer-ratings business JD Power sold for $1.1 billion
– canadianbusiness.com
NEW YORK, N.Y. – McGraw Hill Financial, the financial-data group behind Standard & Poor’s ratings agency, says it has its sold consumer-ratings unit J.D. Power for $1.1 billion.
The buyer is XIO Group, a London-based investment firm established in 2014 with an aim to invest over $5 billion in North American and European companies and help them expand into Asia.
The parties said they expect the transaction to close in the third quarter.
The post Consumer-ratings business JD Power sold for $1.1 billion appeared first on Canadian Business – Your Source For Business News.
The buyer is XIO Group, a London-based investment firm established in 2014 with an aim to invest over $5 billion in North American and European companies and help them expand into Asia.
The parties said they expect the transaction to close in the third quarter.
The post Consumer-ratings business JD Power sold for $1.1 billion appeared first on Canadian Business – Your Source For Business News.
Business Highlights
– canadianbusiness.com
___
Top finance officials: World economy still faces threats
WASHINGTON (AP) — The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world’s largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist bombings to Britain’s upcoming vote on whether to leave the European Union.
The finance ministers from the Group of 20 major economies pledged to pursue policies that will bolster growth and further stabilize financial markets, but they offered no new measures to accomplish these goals.
___
Has China’s slowdown bottomed out? Growth at 6.7 pct in 1Q
HONG KONG (AP) — China’s economic growth slowed in the first quarter to 6.7 per cent, largely in line with expectations, but its slowest pace since the global financial crisis.
Data reported Friday showed that the annualized growth rate for the world’s second-largest economy ticked lower from the previous quarter’s 6…
Top finance officials: World economy still faces threats
WASHINGTON (AP) — The global recovery has regained most of the ground lost from the market turbulence at the beginning of the year, finance officials of the world’s largest economies said Friday. But they worry that growth remains uneven in the face of a variety of threats ranging from terrorist bombings to Britain’s upcoming vote on whether to leave the European Union.
The finance ministers from the Group of 20 major economies pledged to pursue policies that will bolster growth and further stabilize financial markets, but they offered no new measures to accomplish these goals.
___
Has China’s slowdown bottomed out? Growth at 6.7 pct in 1Q
HONG KONG (AP) — China’s economic growth slowed in the first quarter to 6.7 per cent, largely in line with expectations, but its slowest pace since the global financial crisis.
Data reported Friday showed that the annualized growth rate for the world’s second-largest economy ticked lower from the previous quarter’s 6…
Earnings schedule for the week of 4/18/2016
– canadianbusiness.com
MONDAY
PepsiCo Inc. reports earnings before the market open.
Netflix Inc. reports earnings after the market close.
TUESDAY
UnitedHealth Group Inc. reports earnings before the market open.
Johnson & Johnson reports earnings before the market open.
Yahoo Inc. reports earnings after the market close.
WEDNESDAY
The Coca-Cola Co. reports earnings before the market open.
American Express Co. reports earnings after the market close.
Yum Brands Inc. reports earnings after the market close.
THURSDAY
General Motors Co. reports earnings before the market open.
Southwest Airlines Co. reports earnings before the market open.
Union Pacific Corp. reports earnings before the market open.
Alphabet Inc. reports earnings after the market close.
Microsoft Corp. reports earnings after the market close.
Starbucks Corp. reports earnings after the market close.
Visa Inc. reports earnings after the market close.
FRIDAY
Caterpillar Inc. reports earnings before the market open.
McDonald’s Corp. reports earnings before the market open…
PepsiCo Inc. reports earnings before the market open.
Netflix Inc. reports earnings after the market close.
TUESDAY
UnitedHealth Group Inc. reports earnings before the market open.
Johnson & Johnson reports earnings before the market open.
Yahoo Inc. reports earnings after the market close.
WEDNESDAY
The Coca-Cola Co. reports earnings before the market open.
American Express Co. reports earnings after the market close.
Yum Brands Inc. reports earnings after the market close.
THURSDAY
General Motors Co. reports earnings before the market open.
Southwest Airlines Co. reports earnings before the market open.
Union Pacific Corp. reports earnings before the market open.
Alphabet Inc. reports earnings after the market close.
Microsoft Corp. reports earnings after the market close.
Starbucks Corp. reports earnings after the market close.
Visa Inc. reports earnings after the market close.
FRIDAY
Caterpillar Inc. reports earnings before the market open.
McDonald’s Corp. reports earnings before the market open…
