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How to keep your holiday spending in check Nov 29th
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
TFSA confusion: The myths that just won’t die Jun 25th
After 15 years of conversations with blog readers and financial planning clients, I’m still amazed at how often the same myths about tax-free savings accounts (TFSAs) pop up.
I’ve had clients ask if a dividend paid inside their TFSA counts as a contribution. Others think they lose contribut.... More »
Prairie farmers take financial hit as oil and gas slowdown stalls drilling rigs + MORE Oct 9th
CALGARY – For 56-year-old farmer Shannon Webb, waking up Friday to six inches of snow coating his grain fields near Wynyard, Sask., the frustration of an interrupted harvest wins out, for now, over worry about the ongoing oil-and-gas drilling downturn.
Like many Prairie farmers, Webb has used .... More »
Jared Kushner and Ivanka Trump made at least $82 million in 2017, documents show - Toronto Star Jun 12th
Toronto StarJared Kushner and Ivanka Trump made at least $82 million in 2017, documents showToronto StarIvanka Trump and Jared Kushner, the president's daughter and son-in-law, brought in at least $82 million in outside income while serving as senior White House advisers during 2017, according .... 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 »
The Globe and MailBombardier reports loss; Russian C Series order scaled backThe Globe and MailRussian aircraft lessor Ilyushin Finance Co. has scaled back its order for Bombardier Inc. C Series jets as the Canadian plane maker reported a slightly wider-than-expected loss for its latest quarter and reaffirmed previous full-year financial guidance.Bombardier reports big Q2 loss but says profitable growth is aheadCBC.caBombardier, Inc.: Collect a 9.2% DividendThe Motley Fool CanadaBombardier Inc reports quarterly loss as sales fall in commercial aircraft businessFinancial Postbnn.ca -Digital Journal -Wall Street Journal -Bloombergall 14 news articles »
Bombardier reports loss; Russian C Series order scaled back
– theglobeandmail.com
Transportation giant posted a slightly wider-than-expected loss in the latest quarter but also reaffirmed full-year financial guidance
Auto parts giant Magna earns US$558 million in Q2
– canadianbusiness.com
AURORA, Ont. – Magna International Inc. (TSX:MG) is reporting net income of US$558 million in the second quarter, a slight improvement for the Canadian auto parts giant compared with the same quarter a year ago.
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted earnings per share were equal to $1.41, up from $538 million or $1.29 in the second quarter of 2015.
Magna says it posted sales of $9.4 billion in the quarter — up 16 per cent from $8.1 billion — while North American and European light vehicle production volume increased two per cent and six per cent respectively.
The company’s complete vehicle assembly sales increased seven per cent in the quarter compared to last year while complete vehicle assembly volumes fell nine per cent.
The quarterly results come a day after Magna’s board approved a quarterly dividend of 25 cents per share.
Magna is one of the world’s largest auto parts makers with more than 300 factories around the world…
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted earnings per share were equal to $1.41, up from $538 million or $1.29 in the second quarter of 2015.
Magna says it posted sales of $9.4 billion in the quarter — up 16 per cent from $8.1 billion — while North American and European light vehicle production volume increased two per cent and six per cent respectively.
The company’s complete vehicle assembly sales increased seven per cent in the quarter compared to last year while complete vehicle assembly volumes fell nine per cent.
The quarterly results come a day after Magna’s board approved a quarterly dividend of 25 cents per share.
Magna is one of the world’s largest auto parts makers with more than 300 factories around the world…
In Canada’s grocery wars, Metro has little panache, but aisles of discipline
– theglobeandmail.com
An analysis this year by the U.S. investment website Seeking Alpha ranked it the second-best grocery chain in all of North America
Telus turns in solid Q2 results, earnings slightly above estimates
– canadianbusiness.com
VANCOUVER – Telus Corp. (TSX:T) says its net profit, adjusted earnings and revenue were up from the same time last year as it attracted more customers to its wireless division as well as its residential Internet and Optik TV services.
At the end of the quarter, Telus had 12.49 million subscriber connections to all services, up from 12.34 million a year earlier. Declines in home landline phone customers and satellite TV offset some of the gains elsewhere.
The Vancouver-based company’s net income was $416 million — up 22 per cent from $341 million a year ago when Telus recorded a number of unusual items that reduced its net income.
After excluding certain items such as the impact of closing Black’s retail stores last year, adjusted earnings were up 2.2 per cent, rising to $415 million from $406 million.
This year’s second-quarter profit amounted to 70 cents per Telus share, both before and after adjustments. Last’s profit was 56 cents per share in net income and 66 cents per share in adjusted earnings…
At the end of the quarter, Telus had 12.49 million subscriber connections to all services, up from 12.34 million a year earlier. Declines in home landline phone customers and satellite TV offset some of the gains elsewhere.
The Vancouver-based company’s net income was $416 million — up 22 per cent from $341 million a year ago when Telus recorded a number of unusual items that reduced its net income.
After excluding certain items such as the impact of closing Black’s retail stores last year, adjusted earnings were up 2.2 per cent, rising to $415 million from $406 million.
This year’s second-quarter profit amounted to 70 cents per Telus share, both before and after adjustments. Last’s profit was 56 cents per share in net income and 66 cents per share in adjusted earnings…
