There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
Latest News
Selling a cottage to a family member: What that means for capital gains Jul 18th
AskMoneySense
I shared a cottage property with my brother. I sold my half to my half to my niece. Do I have to pay capital gains tax? If so, how do you calculate this? How do you determine the adjusted cost base? What expenses can be applied?
—Terry
What happens when you sell your cottage t.... More »
New documents link Huawei to suspected front companies in Iran, Syria Jan 8th
The U.S. case against the chief financial officer of China’s Huawei Technologies, who was arrested in Canada last month, centres on the company’s suspected ties to two obscure companies. One is a telecom equipment seller that operated in Tehran; the other is that firm’s owner, .... More »
Should this DIY investor go all in on this international ETF? May 29th
Ask MoneySense
I am seriously considering investing in ETFs. Is there a penalty or limit into investing solely on an international ETF such as XAW?—Michael
Exchange-traded funds (ETFs) can be a great investment tool, Michael. There are over 900 ETFs listed on the TSX right now, according to th.... More »
How has inflation affected Canadians’ finances in recent years? Oct 10th
Inflation and higher interest rates have eroded Canadians’ purchasing power since 2022, particularly for lower-income households, a new report from the parliamentary budget officer has found.
But wealthier households have seen their purchasing power rise thanks in big part to their i.... More »
2022 Income Tax Guide for Canadians: Deadlines, tax tips and more + MORE May 1st
It’s been quite a year for numbers, hasn’t it? From rising interest rates to steep stock market drops, finances have been headline news throughout 2022. It’s almost enough to make you forget about tax season. But with the tax deadline approaching, you have a few reminders (see the dates below).... More »
What advisors need to learn about ETF investing
– moneysense.ca
When I began writing about investing, I was struck by the enormous gap between theory and practice. The overwhelming weight of academic research and real-world data make it clear that most investors who try to beat the market will fail. Whether they pick stocks, choose actively managed funds or try to time the markets, the majority would have been better off simply buying and holding a portfolio of ETFs or index funds. Yet many advisors seem unaware that indexing is even a viable option, let alone the one with the most evidence behind it. They’re like biologists who have never heard of Darwin.
I realize the main reason is self-interest. If you’re looking to attract clients, you sound much more impressive if you say you can deliver market-beating returns. And you can use that claim to justify higher fees. But there’s another reason indexing is rare among advisors: They’ve never been taught about its benefits.
This insight came to me over the last three years as I completed hundreds of hours of study to become, first, a licensed investment advisor and, then, to earn the Certified Financial Planner and Chartered Investment Manager designations…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,632.01, up 0.01 of a point):
Kinross Gold Corp. (TSX:K). Miner. Up 29 cents, or 4.43 per cent, to $6.83 on 9.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 20 cents, or 3.33 per cent, to $6.20 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.98 per cent, to $33.16 on 9.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 39 cents, or 7.25 per cent, to $5.77 on 8.8 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up 12 cents, or 5.85 per cent, to $2.17 on 8.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.54 per cent, to $9.24 on 8.3 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 35 cents, or 0.77 per cent, to $45.69 on 266,883 shares. SNC-Lavalin said its oil and gas segment will be one of two main profit generators this year, saying it accounted for $1…
Toronto Stock Exchange (13,632.01, up 0.01 of a point):
Kinross Gold Corp. (TSX:K). Miner. Up 29 cents, or 4.43 per cent, to $6.83 on 9.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 20 cents, or 3.33 per cent, to $6.20 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.98 per cent, to $33.16 on 9.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 39 cents, or 7.25 per cent, to $5.77 on 8.8 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up 12 cents, or 5.85 per cent, to $2.17 on 8.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.54 per cent, to $9.24 on 8.3 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 35 cents, or 0.77 per cent, to $45.69 on 266,883 shares. SNC-Lavalin said its oil and gas segment will be one of two main profit generators this year, saying it accounted for $1…
Trilogy Energy posts first-quarter loss of $20.1 million
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Trilogy Energy Corp. (TETZF) on Thursday reported a loss of $20.1 million in its first quarter.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 16 cents.
The oil and natural gas company posted revenue of $33.2 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $3.60. A year ago, they were trading at $7.83.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TETZF at http://www.zacks.com/ap/TETZF
_____
Keywords: Trilogy Energy, Earnings Report
The post Trilogy Energy posts first-quarter loss of $20.1 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 16 cents.
The oil and natural gas company posted revenue of $33.2 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $3.60. A year ago, they were trading at $7.83.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TETZF at http://www.zacks.com/ap/TETZF
_____
Keywords: Trilogy Energy, Earnings Report
The post Trilogy Energy posts first-quarter loss of $20.1 million appeared first on Canadian Business – Your Source For Business News.
Get ready for a grocery price war
– moneysense.ca
brightcove.createExperiences();
War, huh. What is it good for? Cheaper groceries, sometimes.
Reports from both the Globe and Mail and the Financial Post this week suggest a price war is brewing among Canada’s biggest grocers. On Tuesday, the Post cited a report from Desjardins Securities that said Walmart has cut prices on a number of popular packaged goods to better compete with discount chains like No Frills:
The mass merchant, which operates 312 stores across the country and began expanding into the grocery business in 2006, is looking to bolster its everyday low pricing strategy in the centre-of-the-store grocery aisles by consistently having lower shelf prices on selected major branded goods, according to a new report from Keith Howlett of Desjardins Securities…
Pembina Pipeline posts 1st-quarter profit of $74.3 million
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported first-quarter earnings of $74.3 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3 million in the period.
Pembina Pipeline shares have increased 35 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.36, a decrease of 15 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 PBA at http://www.zacks.com/ap/PBA
_____
Keywords: Pembina Pipeline, Earnings Report
The post Pembina Pipeline posts 1st-quarter profit of $74.3 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3 million in the period.
Pembina Pipeline shares have increased 35 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.36, a decrease of 15 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 PBA at http://www.zacks.com/ap/PBA
_____
Keywords: Pembina Pipeline, Earnings Report
The post Pembina Pipeline posts 1st-quarter profit of $74.3 million appeared first on Canadian Business – Your Source For Business News.
