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A breakdown of the big Canadian banks’ third-quarter earnings so far - The Globe and Mail + MORE Aug 27th
A breakdown of the big Canadian banks’ third-quarter earnings so far The Globe and MailBMO, Scotiabank top earnings forecasts but sound wary note for road ahead The Globe and MailTSX scales new peak, lifted by robust bank earnings ca.finance.yahoo.com'Uncertainty m.... More »
CIBC ranked No. 1 in mobile banking customer service + MORE Apr 3rd
(Chris So/Toronto Star via Getty Images)
CIBC has come in first in a Canadian ranking of customer service in mobile banking. The bank topped the ranking based on its customizable experience, a feature to enable customers to book meetings and for its fingerprint ID security.
In its 2017 Mobile Bankin.... More »
Dating dilemma: When to talk about finances + MORE Mar 15th
When it comes to popular first-date conversation topics, credit scores and debt levels aren’t at the top of the list. Even committed couples may find it hard to broach financial topics like retirement planning or estate planning. But as the cost of living goes up and people try to plan for the fut.... More »
India businesses say shock currency swap painful but needed + MORE Nov 10th
NEW DELHI – Delivering one of India’s biggest-ever economic upsets, Prime Minister Narendra Modi this week declared the bulk of Indian currency notes no longer held any value and told anyone holding those bills to take them to banks.
Only those holding huge stashes of untaxed “blac.... More »
It’s RRSP season. Don’t forget rule No.1! + MORE Feb 1st
Whatever route you choose, just be sure you save for retirement, writes Gordon Pape..... More »
A tale of two retailers: Dollarama profits soar, while Sears Canada falters
– canadianbusiness.com
TORONTO – Two Canadian companies reported vastly different financial results Wednesday, with Dollarama’s profits soaring and Sears Canada continuing to falter.
Their finances hint at how legacy retailers can struggle to respond to a shifting shopping landscape while newer entrants thrive because they’re not bogged down by past investments, says one marketing expert.
Sears Canada (TSX:SCC) reported a $63.6 million net loss in its first quarter ended April 30, up from $59.1 million in the same period a year earlier, as it announced it was ramping up its cost-cutting efforts this year. Overall revenue was down 14.5 per cent, dropping to $595.9 million from $697.2 million.
Dollarama (TSX:DOL), on the other hand, recorded a 28.4 per cent jump in its net income in the first quarter, rising to $83.2 million from $64.8 million. Its revenue shot up 13.2 per cent to $641 million from $566.1 million, in part because its retail network grew to 1,038 stores from 972 a year earlier…
Their finances hint at how legacy retailers can struggle to respond to a shifting shopping landscape while newer entrants thrive because they’re not bogged down by past investments, says one marketing expert.
Sears Canada (TSX:SCC) reported a $63.6 million net loss in its first quarter ended April 30, up from $59.1 million in the same period a year earlier, as it announced it was ramping up its cost-cutting efforts this year. Overall revenue was down 14.5 per cent, dropping to $595.9 million from $697.2 million.
Dollarama (TSX:DOL), on the other hand, recorded a 28.4 per cent jump in its net income in the first quarter, rising to $83.2 million from $64.8 million. Its revenue shot up 13.2 per cent to $641 million from $566.1 million, in part because its retail network grew to 1,038 stores from 972 a year earlier…
Suncor stock offering flying off the shelves
– theglobeandmail.com
$2.5-billion equity offering is two times oversubscribed, with the vast majority of shares going to dozens of institutional investors in North America and beyond
RioCan teams up with developers for Toronto real estate project
– theglobeandmail.com
REIT partners with Tricon Capital Group and Diamond Corp. for combined retail and residential project
US stocks extend gains as mining and machinery makers rise
– canadianbusiness.com
NEW YORK, N.Y. – Stocks rose for the third day in a row Wednesday as machinery and mining companies traded higher. Oil prices also continued their rise, and stocks and oil prices are at their highest in almost a year.
Metals prices jumped as the dollar got weaker. Also trading higher were makers of beverages and other consumer goods. That’s because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won’t last: the Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It’s not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4 per cent, to 18,005…
Metals prices jumped as the dollar got weaker. Also trading higher were makers of beverages and other consumer goods. That’s because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won’t last: the Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It’s not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4 per cent, to 18,005…
The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau told a conference Wednesday.
