The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Tesla dangles $2.8B to bring SolarCity into its orbit + MORE Jun 22nd
SAN FRANCISCO – Electric car maker Tesla Motors wants to buy solar panel maker SolarCity for up to $2.8 billion in an attempt to create a one-stop shop for cleaner energy as consumers become more concerned about fossil fuels harming the environment.
The all-stock bid announced Tuesday values S.... More »
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' - CBC.ca + MORE May 1st
Tesla loses $13B in market value after CEO Elon Musk tweets 'stock price is too high' CBC.caElon Musk tweet wipes $14bn off Tesla's value BBC NewsTesla shares drop after CEO Elon Musk tweets 'stock price is too high' CNBC TelevisionElon Musk Is Right About Tesla's St.... More »
Pakistan's prime minister resigns after high court ruling - CTV News + MORE Jul 28th
CTV NewsPakistan's prime minister resigns after high court rulingCTV NewsISLAMABAD -- Pakistan's beleaguered Prime Minister Nawaz Sharif stepped down Friday after the Supreme Court ordered him removed from office over allegations of corruption, plunging the nuclear-armed nation into a poli.... More »
HBC going private? - Business News - Castanet.net Jun 10th
HBC going private? - Business News Castanet.netShareholders in HBC propose to take the company private CBC NewsHBC stock has best day in years, up on news of asset sale, privatization plan Yahoo Canada FinanceHudson’s Bay executive chair spearheading bid to take re.... More »
The case for buying a pre-construction home Feb 16th
My wife and I bid on, and lost, nine houses before we got our 10th. I remember the day in March 2016 when the listing popped up on Realtor.ca, the online directory of homes for sale, which had become one of the “frequently visited” websites on our computer. The house ticked off all the boxes, an.... More »
Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations
– canadianbusiness.com
TORONTO – TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Thursday reported first-quarter earnings of $27.8 million.
On a per-share basis, the Toronto-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The gold mining company posted revenue of $490.5 million in the period.
Agnico shares have climbed 64 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.23, a climb of 35 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at http://www.zacks.com/ap/AEM
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Keywords: Agnico Eagle Mines, Earnings Report
The post Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Toronto-based company said it had net income of 13 cents. Earnings, adjusted for one-time gains and costs, came to 12 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The gold mining company posted revenue of $490.5 million in the period.
Agnico shares have climbed 64 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.23, a climb of 35 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at http://www.zacks.com/ap/AEM
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Keywords: Agnico Eagle Mines, Earnings Report
The post Agnico Eagle Mines posts 1Q profit of $27.8 million, result tops expectations appeared first on Canadian Business – Your Source For Business News.
The Canadian dollar neared 80 cents on Thursday, while stock markets in New York finished solidly in the red.
Mercer International posts first-quarter profit of $8.8 million
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Mercer International Inc. (MERC) on Thursday reported first-quarter net income of $8.8 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 14 cents.
The pulp company posted revenue of $253.8 million in the period.
Mercer International shares have climbed nearly 6 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a fall of 34 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MERC at http://www.zacks.com/ap/MERC
_____
Keywords: Mercer International, Earnings Report
The post Mercer International posts first-quarter profit of $8.8 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 14 cents.
The pulp company posted revenue of $253.8 million in the period.
Mercer International shares have climbed nearly 6 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.56, a fall of 34 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MERC at http://www.zacks.com/ap/MERC
_____
Keywords: Mercer International, Earnings Report
The post Mercer International posts first-quarter profit of $8.8 million appeared first on Canadian Business – Your Source For Business News.
A ‘fear’ barometer for dividend investors
– theglobeandmail.com
The MOVE index, which measures expected fixed-income volatility, can be remarkably helpful for Canadians invested in dividend-related stocks
Recovering from bad Home Buyers’ Plan advice
– moneysense.ca
Q: I am totally disappointed with my investment advisor’s advice in terms of tax issues. Four years ago, I contributed to my wife’s spousal RRSP for $25,000 in order to borrow under the Home Buyers’ Plan (HBP). Now we need to repay the HBP for $1,666. By accident, I was guided to contribute to the spousal RRSP account and told I could designate $1,666 as HBP repayment. However, a tax software doesn’t allow me to designate my spousal contribution as my wife’s HBP repayment.I found not paying back the HBP repayment would generate a larger refund by using the software to compare two options of dealing with the $1,666. The first option was to pretend my wife put $1,666 in her RRSP and paid back the HBP repayment directly; the other one was to use the $1,666 RRSP to deduct from my income. Because I had full-time salary and my wife almost had no income in 2015, the second option from the tax software calculated a bigger refund for us, which I think makes sense in our situation…
