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Canada’s best balance transfer credit cards 2021 + MORE Dec 31st
Are you working on a plan to become debt-free but are paying a lot of interest on purchases made on your existing high interest card? A balance-transfer credit card, which allows you to move the balance from your current cards over to a new card with a lower interest rate (some as low as 0%) can be .... More »
Canada’s housing bubble looks disturbingly familiar + MORE Apr 7th
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Last March, Canada’s unstoppable bull market in housing entered its eighth consecutive year since recovering from a brief downturn amid the global financial crisis. Even that contraction looks like a mere blip when viewed against the long-term trend. The country’s real estate mark.... More »
Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs - Castanet Kamloops Sep 12th
Kruger says $32M investment at Kamloops mill will boost tech, preserve jobs Castanet KamloopsView Full Coverage on Google News.... More »
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The best low-interest credit cards in Canada for 2023 Sep 9th
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UK central bank launches stimulus to counter Brexit jitters
– canadianbusiness.com
LONDON – The Bank of England has unveiled a series of stimulus measures, including its first interest rate cut since the global financial crisis, as it tries to jumpstart an economy shocked by Britain’s vote to leave the European Union.
The central bank cut its key rate to 0.25 per cent from a previous record low of 0.5 per cent. It is also restarting its bond-buying stimulus program to pump an additional 60 billion pounds ($79 billion) in new money into the economy. It will buy up to another 10 billion pounds in U.K. corporate bonds — or bonds sold by companies to finance their activities — to help them borrow more cheaply.
The central bank further announced a program of cheap lending to banks to make sure they are financially able to in turn lend to people and businesses at low rates.
“This is the appropriate response to the economic conditions we find ourselves in,” the Bank of England’s governor, Mark Carney, told a news conference.
He added that all of the measures “have scope for further action…
The central bank cut its key rate to 0.25 per cent from a previous record low of 0.5 per cent. It is also restarting its bond-buying stimulus program to pump an additional 60 billion pounds ($79 billion) in new money into the economy. It will buy up to another 10 billion pounds in U.K. corporate bonds — or bonds sold by companies to finance their activities — to help them borrow more cheaply.
The central bank further announced a program of cheap lending to banks to make sure they are financially able to in turn lend to people and businesses at low rates.
“This is the appropriate response to the economic conditions we find ourselves in,” the Bank of England’s governor, Mark Carney, told a news conference.
He added that all of the measures “have scope for further action…
BCE profit tops forecasts on customer, wireless gains
– theglobeandmail.com
Telecom giant posted adjusted earnings per share of 94 cents, compared with analysts’ estimates of 91 cents
Restaurant Brands beats 2Q profit forecasts
– canadianbusiness.com
OAKVILLE, Ont. – Restaurant Brands International (QSR) on Thursday reported second-quarter profit of $90.9 million.
The Oakville, Ontario-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.04 billion in the period.
Restaurant Brands shares have increased 20 per cent since the beginning of the year. The stock has risen nearly 4 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 QSR at http://www.zacks.com/ap/QSR
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Keywords: Restaurant Brands, Earnings Report
The post Restaurant Brands beats 2Q profit forecasts appeared first on Canadian Business – Your Source For Business News.
The Oakville, Ontario-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring costs, came to 41 cents per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.
The operator of Burger King and Tim Hortons restaurant chains posted revenue of $1.04 billion in the period.
Restaurant Brands shares have increased 20 per cent since the beginning of the year. The stock has risen nearly 4 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 QSR at http://www.zacks.com/ap/QSR
_____
Keywords: Restaurant Brands, Earnings Report
The post Restaurant Brands beats 2Q profit forecasts appeared first on Canadian Business – Your Source For Business News.
Wells Fargo says small business optimism ticks up slightly
– canadianbusiness.com
Small business owners showed a modest uptick in optimism in a survey released Thursday by Wells Fargo & Co.
The bank’s Small Business Index, which measures owners’ sentiment, rose 4 points to 68 from 64 in the previous survey released during the second quarter. The index was 67 at the beginning of this year. The latest survey questioned 603 owners in early July.
Owners had a slightly more upbeat assessment of their companies’ current financial situation as well as their expectations for how business will be a year from now. However, they also had a slightly more pessimistic view of what their revenue will look like over the next year. And 21 per cent of the owners said they expected their number of jobs at their companies to increase over the next year, a tad lower than the 23 per cent who forecast an increase in jobs in the second-quarter survey.
The results are in line with other recent surveys and reports that show owners, while not ebullient, are also not feeling as pessimistic as they did several years ago…
The bank’s Small Business Index, which measures owners’ sentiment, rose 4 points to 68 from 64 in the previous survey released during the second quarter. The index was 67 at the beginning of this year. The latest survey questioned 603 owners in early July.
Owners had a slightly more upbeat assessment of their companies’ current financial situation as well as their expectations for how business will be a year from now. However, they also had a slightly more pessimistic view of what their revenue will look like over the next year. And 21 per cent of the owners said they expected their number of jobs at their companies to increase over the next year, a tad lower than the 23 per cent who forecast an increase in jobs in the second-quarter survey.
The results are in line with other recent surveys and reports that show owners, while not ebullient, are also not feeling as pessimistic as they did several years ago…
Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend
– canadianbusiness.com
WASHINGTON – Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant on its investments.
The second-quarter results released Thursday marked the 18th straight profitable quarter for the government-controlled company.
Washington-based Fannie Mae also will pay a dividend of $2.9 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a total $151.4 billion in dividends.
Fannie received $116 billion from taxpayers when the financial crisis struck in September 2008. The government rescued Fannie and smaller sibling Freddie Mac after they suffered huge losses from risky mortgages in housing market bust.
The post Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend appeared first on Canadian Business – Your Source For Business News.
The second-quarter results released Thursday marked the 18th straight profitable quarter for the government-controlled company.
Washington-based Fannie Mae also will pay a dividend of $2.9 billion to the U.S. Treasury next month. With that payment, Fannie will have paid a total $151.4 billion in dividends.
Fannie received $116 billion from taxpayers when the financial crisis struck in September 2008. The government rescued Fannie and smaller sibling Freddie Mac after they suffered huge losses from risky mortgages in housing market bust.
The post Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend appeared first on Canadian Business – Your Source For Business News.
