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Three surprising things about the just-released MacKinnon report examining Alberta's financial mess - National Post Sep 3rd
Three surprising things about the just-released MacKinnon report examining Alberta's financial mess National PostMacKinnon panel's 26 recommendations include legislated salaries for public sector workers CBC.ca'Alberta faces a critical financial situation': Government panel rec.... More »
Should you claim the principal residence exemption on a property you bought your child? May 16th
Ask MoneySense
I bought a condo in 2006 in another province for my daughter to live in. It’s registered in my name. I also have a house in another province. I am planning to sell the condo my daughter lives in very soon. Can I claim capital gain exemption in the condo she lived in all these ye.... More »
Making sense of the markets: Looking at 2025 + MORE Jan 2nd
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Can we make sense of the 2025 markets?
Stock market predictions rarely age well. (As you can read from our look at 2024..... More »
What’s involved in moving investments from a high-fee advisor to a DIY setup? May 28th
Q. I have been concerned about high fees charged on my investments and have been trying to figure out a way to move my funds without getting hit with a huge tax bill. I started with mutual funds and today I have a 60% equity and 40% income balanced portfolio plan. My last statement shows about 5% re.... More »
Life insurance for kids: Do you really need it? + MORE Jul 20th
Buying life insurance for kids is probably the last thing on your mind when you’re in the throes of diaper changes and round-the-clock feedings. But the early stages of parenthood don’t last forever—and it’s never too early to start planning for your little one’s (or ones’) future.
W.... More »
PepsiCo 3Q results beat Street; raises full-year guidance
– canadianbusiness.com
PURCHASE, N.Y. – PepsiCo, free of last year’s entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past almost all expectations.
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, which is nearing an all-time high, before the market opened Thursday.
For the period ended Sept. 3, PepsiCo earned $1.99 billion, or $1.37 per share. A year earlier the Purchase, New York, company earned $533 million, or 36 cents per share.
Earnings, adjusted for one-time costs and restructuring costs, were $1.40 per share. That easily beat the $1.32 per share that analysts surveyed by Zacks Investment Research called for.
Revenue declined to $16.03 billion from $16.33 billion, stung by foreign currency exchange translation and the Venezuela deconsolidation. Still, the performance topped the $15.89 billion analysts expected.
PepsiCo Inc. now foresees full-year earnings of $4.78 per share. Its prior outlook was for earnings of $4…
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, which is nearing an all-time high, before the market opened Thursday.
For the period ended Sept. 3, PepsiCo earned $1.99 billion, or $1.37 per share. A year earlier the Purchase, New York, company earned $533 million, or 36 cents per share.
Earnings, adjusted for one-time costs and restructuring costs, were $1.40 per share. That easily beat the $1.32 per share that analysts surveyed by Zacks Investment Research called for.
Revenue declined to $16.03 billion from $16.33 billion, stung by foreign currency exchange translation and the Venezuela deconsolidation. Still, the performance topped the $15.89 billion analysts expected.
PepsiCo Inc. now foresees full-year earnings of $4.78 per share. Its prior outlook was for earnings of $4…
SNC-Lavalin cuts 2016 profit forecast on two troubled Mideast projects
– theglobeandmail.com
Engineering company revises outlook for adjusted diluted earnings per share to between $1.30 and $1.60, from its previous forecast of between $1.50 to $1.70
OPEC reaches preliminary accord to curb oil production – CTV News
– news.google.ca
CTV NewsOPEC reaches preliminary accord to curb oil productionCTV NewsOPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and …Iraq's OPEC revolt shows Saudi-Iran oil deal fragilityReuters CanadaThe Biggest Winners and Losers From OPEC's Oil DealBloombergFTSE 100 smashes 6900 after Opec agrees first output cut since global financial crisisTelegraph.co.ukFinancial Times -CBS News -The Guardianall 2,499 news articles »
Commerzbank to cut nearly 10,000 jobs, halt dividend
– theglobeandmail.com
Germany’s second biggest lender said in a statement it expected restructuring costs of $1.12-billion (U.S.)
The new rules of retirement
– moneysense.ca
If you’re anything like my dear departed father, you may not need to read any of my new “Retired Money” columns, which are dedicated to solving money management challenges for retirees. You see, my dad was an Ontario high-school teacher and the fortunate beneficiary of the famous defined benefit (DB) teachers’ pension plan.He didn’t need to worry about investing—he owned only GICs and would proudly declare that he didn’t know a stock from a bond. Unlike you, dear reader, he didn’t need to. With a paid-for home, his GICs, teacher’s pension and government CPP and OAS, Dad was laughing in his classic “do-nothing” retirement. He could take long walks, read to his heart’s content and entertain neighbours with glasses of sherry. Oh, and cheer for the Montreal Canadiens.
His two sons, and readers of their generation, may be less fortunate. For starters, only a minority of workers enjoy the kind of inflation-indexed guaranteed pension that Dad—and his widow—enjoyed…
