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The best credit cards in Canada for 2025 + MORE Nov 12th
Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices.
To make it easier to find the best credit card for you, we.... More »
The right way to sell stocks during COVID-19 + MORE Sep 18th
It’s becoming increasingly likely that the economic recovery from COVID-19 will be long and drawn out, which is not good considering that 3 million have been laid off over the last two months. Since the crisis began in Canada, MoneySense has been telling readers to hang tight with their portfolio .... More »
The real estate math mistake we all make + MORE Jul 20th
(Tetra Images/Getty Images)
Most financial choices boil down to simple math. Add up the gains, subtract the costs, and you should get a number that helps you draw a conclusion. Those numbers are particularly useful when trying to make a major life decision, such as whether or not to sell the family .... More »
Ellyce Fulmore is putting the personal back into personal finance + MORE Jun 10th
Ellyce Fulmore is putting the “personal” back into “personal finance.” She’s the finfluencer and founder behind Queerd Co., which offers “shame-free finance education that goes beyond the numbers.” Queerd Co. views personal finance through an intersectional lens, meaning that it takes .... More »
Wealthsimple Co-Founder and CEO Michael Katchen on Simplifying Finance Services Oct 3rd
As a changemaker in Canada’s financial services sector, Wealthsimple entered the arena in 2014 as a digital investment platform. Today, it has evolved tremendously into a company modernising the user experience with one overarching goal in mind—money, simplified.
“We offer core servic.... More »
Quebecor hikes dividend 29% on bright outlook
– theglobeandmail.com
Company says revenue grew 5 per cent on gains across all of its major business segments
Canada’s luxury real estate gets pricier and pricier
– moneysense.ca
It can be argued that no segment of the real estate market has been more affected by foreign buyer money than Canada’s luxury real estate market. Now a new survey released by Royal LePage sheds some light on the impact foreign buyers have had on this segment of the market.
According to theRoyal LePage Carriage Trade Luxury Properties 2016 Report, Canada’s luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25% of luxury properties now purchased by foreign buyers.
This report analyzed the luxury real estate market in four cities: Greater Toronto Area, Greater Vancouver, Greater Montreal Area and Calgary markets, and defined luxury as any property that cost no less than four times the average home price in these cities. The data shows a significant price appreciation in Canada’s luxury neighbourhoods across all four regions in the last 10 years. The Greater Vancouver luxury property market leads the country with a 10-year price increase of 125%, followed by the Greater Toronto Area with a 69% increase, Calgary with a 61% increase and the Greater Montreal Area with a 58% increase in luxury home prices between 2005 and 2015…
Vatican bank: now ‘impossible’ to launder money here
– canadianbusiness.com
VATICAN CITY – The head of the Vatican’s scandal-marred bank declared Thursday it’s now “impossible to launder money” there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion.
Jean-Baptiste Douville de Franssu made the claim as the bank reported net profit of 16.1 million euros ($18.3 million) last year, down from 69.3 million euros in 2014. The bank attributed the decrease to lower interest rates and market uncertainties and provisions to fix a foreign tax issue.
In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse “because you cannot serve two masters, and money is tempting.”
But now that new norms are in place, he said: “It is impossible to launder money at IOR.”
The bank has some 14,801 customers. About half are religious orders which use its investment services and to transfer money to missions around the world. Other customers include Vatican offices and employees…
Jean-Baptiste Douville de Franssu made the claim as the bank reported net profit of 16.1 million euros ($18.3 million) last year, down from 69.3 million euros in 2014. The bank attributed the decrease to lower interest rates and market uncertainties and provisions to fix a foreign tax issue.
In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse “because you cannot serve two masters, and money is tempting.”
But now that new norms are in place, he said: “It is impossible to launder money at IOR.”
The bank has some 14,801 customers. About half are religious orders which use its investment services and to transfer money to missions around the world. Other customers include Vatican offices and employees…
Enbridge pipelines to resume oil sands shipments within days
– theglobeandmail.com
Pipeline company posts earnings per share of $1.38 in the most recent quarter, compared with a loss of 46 cents in the same period last year
Crescent Point Energy reports 1st-quarter loss but tops expectations
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Crescent Point Energy Corp. (CPG) on Thursday reported a loss of $63.8 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil producer posted revenue of $370 million in the period.
Crescent Point shares have risen 36 per cent since the beginning of the year. The stock has declined 36 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 CPG at http://www.zacks.com/ap/CPG
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Keywords: Crescent Point Energy, Earnings Report
The post Crescent Point Energy reports 1st-quarter loss but tops expectations appeared first on Canadian Business – Your Source For Business News.
The Calgary, Alberta-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil producer posted revenue of $370 million in the period.
Crescent Point shares have risen 36 per cent since the beginning of the year. The stock has declined 36 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 CPG at http://www.zacks.com/ap/CPG
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Keywords: Crescent Point Energy, Earnings Report
The post Crescent Point Energy reports 1st-quarter loss but tops expectations appeared first on Canadian Business – Your Source For Business News.
