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Bob Joyce, financial advisor + MORE Apr 7th
Meet Bob Joyce
As a young lad, Bob Joyce received some words of wisdom from his father that clearly resonated with him. He would, on occasion, hear his dad say that we don’t all wear blue suits. When he asked his dad what that meant, he was told that everyone is unique, and we need to recognize.... More »
Canadian firms still positive about future, but some see moderation ahead: central bank + MORE Apr 9th
Firms remain upbeat about future sales, business investment and hiring — but some are predicting a moderation following last year's red-hot pace, according to the Bank of Canada's latest business outlook survey..... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Dec 15th
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investment—suffered losses in 2021, as interest rates were poised to rise. Now that central banks have said .... More »
Canadian CEOs Made $1.16 Billion Last Year. Will the Fat Cheques Continue in 2022? Jul 12th
Did you get a raise last year? If you’re an executive at one of Canada’s largest companies, chances are you enjoyed a hefty pay bump.
CEOs at the 100 biggest Canadian businesses listed on the Toronto Stock Exchange took home combined pay totalling $1.16 billion in 2021—a 32 per cent i.... More »
Couche-Tard walks away from 7-Eleven bid, citing lack of good faith Jul 17th
Canada’s convenience store giant backed away from a blockbuster bid set to dramatically expanded its convenience store empire, when it pulled its proposal to buy the parent company of rival 7-Eleven on Wednesday.
Alimentation Couche-Tard has spent nearly a year courting Seven & i Holdin.... More »
Learn, save, invest and prosper with My Own Advisor.Welcome to my latest Weekend Reading edition. I hope you had a good week…
Earlier this week I told you we reached a milestone when it comes to our emergency fund and I finally got around to deciding what to do with my old car. Let me know your thoughts about emergency funds or old cars in a comment below – always great to read other perspectives.
I hope you enjoy your May long weekend! We intend to
Best wishes,
Mark
Here is your cheap ticket to the elite class.
Million Dollar Journey profiled a Smiling Saver.
Here are 13 strategies to retire early, from people who did it.
Michael James on Money pondered what might happen to our Canadian dollar.
Dividend Growth Investor highlighted what can we learn from Exxon stock performance.
This is how high net worth investor Som Seif invests.
InsurEye breaks down Canadian insurance companies – who owns whom.
Tawcan wondered if you’re focusing on the wrong things.
Here are 8 things I’ve discovered about money…
Ex-wife’s lawsuit against billionaire Steven Cohen dismissed
– canadianbusiness.com
NEW YORK, N.Y. – A judge has dismissed a lawsuit filed by the ex-wife of billionaire hedge fund manager Steven Cohen that had alleged he lied about his worth to cheat her out of millions of dollars during their divorce decades ago.
The judge said Patricia Cohen had failed to prove her claim that her former husband and his brother, his accountant at the time, had understated the value of a real estate transaction during their divorce, which was finalized in 1990. Patricia Cohen had alleged that her husband hid more than $5 million from the 1986 real estate deal.
U.S. District Court Chief Judge Loretta Preska, in Manhattan, said that there was no evidence Steven Cohen had hidden any assets and that the statute of limitations for Patricia Cohen’s claims had expired because the claim would’ve needed to be filed within six years from the date a fraud occurred or two years from when she found out about it.
Steven Cohen, who lives on a sprawling estate in Greenwich, Connecticut, is one of the highest-profile figures in American finance and one of the country’s richest men…
The judge said Patricia Cohen had failed to prove her claim that her former husband and his brother, his accountant at the time, had understated the value of a real estate transaction during their divorce, which was finalized in 1990. Patricia Cohen had alleged that her husband hid more than $5 million from the 1986 real estate deal.
U.S. District Court Chief Judge Loretta Preska, in Manhattan, said that there was no evidence Steven Cohen had hidden any assets and that the statute of limitations for Patricia Cohen’s claims had expired because the claim would’ve needed to be filed within six years from the date a fraud occurred or two years from when she found out about it.
Steven Cohen, who lives on a sprawling estate in Greenwich, Connecticut, is one of the highest-profile figures in American finance and one of the country’s richest men…
Wal-Mart bucks a downward trend in retail; Verizon slips
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday:
Wal-Mart Stores Inc., up $6.05 to $69.20
The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.
Salesforce.com Inc., up $3.22 to $81.09
The company reported earnings and revenue that were better than analysts were expecting.
Verizon Communications Inc., down 76 cents to $49.63
Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.
American Eagle Outfitters Inc., up $2.45 to $15.84
The apparel maker reported sales and earnings that were well ahead of analysts’ forecasts.
FMC Technologies Inc., down $1.35 to $27.30
The company said it would attempt to combine with Technip to create a large player in the energy-services sector.
L Brands Inc., down $3.16 to $60.62
The company, which owns Victoria’s Secret, lowered its full-year earnings estimate.
Stage Stores Inc., down $1…
Wal-Mart Stores Inc., up $6.05 to $69.20
The giant retailer bucked a downward trend in the industry and reported surprisingly strong sales.
Salesforce.com Inc., up $3.22 to $81.09
The company reported earnings and revenue that were better than analysts were expecting.
Verizon Communications Inc., down 76 cents to $49.63
Phone companies and other high-dividend stocks fell as investors worried that the Federal Reserve would raise interest rates at its June meeting.
American Eagle Outfitters Inc., up $2.45 to $15.84
The apparel maker reported sales and earnings that were well ahead of analysts’ forecasts.
FMC Technologies Inc., down $1.35 to $27.30
The company said it would attempt to combine with Technip to create a large player in the energy-services sector.
L Brands Inc., down $3.16 to $60.62
The company, which owns Victoria’s Secret, lowered its full-year earnings estimate.
Stage Stores Inc., down $1…
CIBC releases iPhone app to apply for a mortgage
– moneysense.ca
(CNW Group/CIBC)If you’re not a fan of heading to your bank branch to apply for a mortgage, CIBC has got a solution for you: just tap your iPhone.
CIBC’s new Hello Home app, available in the App Store, allows you to apply for a mortgage without ever meeting another human being. You’ll still need to submit the usual financial documents, of course, but this can be done by taking a photo of them through the app. When you have a question or problem, you can use the in-app messaging function to talk to a mortgage specialist. All of this, CIBC reassures, is secure.
Understanding how mortgage payments work »
Users will be offered “special in-app mortgage rates” and you don’t need to be a CIBC customer to apply.
CIBC’s mortgage app will certainly eliminate the time it takes to visit a bank branch and fill out paperwork, but Hello Home won’t actually speed up your mortgage approval process. That approval will still take about a week (sometimes longer) and, according to CIBC’s FAQ page for Hello Home, still goes through the same verification checks as a regular CIBC mortgage application process…
Former Brazil energy minister new CEO at troubled Petrobras
– canadianbusiness.com
RIO DE JANEIRO – Former Brazilian energy minister Pedro Parente has been named by acting President Michel Temer as the new CEO of state-run oil giant Petrobras.
Parente was picked Thursday to replace Aldemir Bendine, an appointee of now suspended President Dilma Rousseff. The new Petrobras CEO was working as chairman of Sao Paulo-based financial bourse BM&FBovespa.
Parente served in a number of positions under President Fernando Henrique Cardoso. He is widely known to Brazilians as the “blackout minister,” due to his efforts during energy rationing in 2001. He has worked for private organizations since Rousseff’s Workers’ Party first won the presidency in 2003.
Petrobras is the epicenter of a sprawling corruption scandal that has rocked Brazilian politics and economy since 2014. Parente is the company’s third CEO in less than 16 months.
The post Former Brazil energy minister new CEO at troubled Petrobras appeared first on Canadian Business – Your Source For Business News.
Parente was picked Thursday to replace Aldemir Bendine, an appointee of now suspended President Dilma Rousseff. The new Petrobras CEO was working as chairman of Sao Paulo-based financial bourse BM&FBovespa.
Parente served in a number of positions under President Fernando Henrique Cardoso. He is widely known to Brazilians as the “blackout minister,” due to his efforts during energy rationing in 2001. He has worked for private organizations since Rousseff’s Workers’ Party first won the presidency in 2003.
Petrobras is the epicenter of a sprawling corruption scandal that has rocked Brazilian politics and economy since 2014. Parente is the company’s third CEO in less than 16 months.
The post Former Brazil energy minister new CEO at troubled Petrobras appeared first on Canadian Business – Your Source For Business News.
