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Stocks lower as investors weigh rising North Korea tensions Aug 9th
North American markets were lower on Wednesday afternoon as investors rushed to safe-haven assets after President Donald Trump's 'fire and fury' warning to North Korea escalated tensions with the nuclear-armed nation..... More »
Report: Canada, Hong Kong and China most at risk of new financial crisis + MORE Mar 12th
A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web
.... More »
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices - CBC News Nov 15th
Housing market has gone into 'hibernation' CREA says, with lower sales, listings and flat prices CBC NewsAverage home price in Canada rises to $656625 as monthly sales slow: CREA - Business News Castanet.netCanadian home sales slow in October as many buyers have already 'gone i.... More »
Toronto's housing market tightened in March despite falling prices Apr 7th
Toronto's real estate board says it's too hard to say if prices have 'bottomed out,' but sales ticked up in March while new listings fell by double digits..... More »
Is AI coming for my job? + MORE May 8th
Nearly two years after ChatGPT asked “Hello! How can I assist you today?”, a majority of Canadians worry the latest wave of artificial intelligence (AI) will replace jobs done by human workers. In a February survey by Leger, 75% of respondents held this view. The overwhelming consensus is that A.... More »
Book review: Landlord By Design
– moneysense.ca
(Courtesy Landlordbydesign.com)Building your real estate rental portfolio
Who it’s for: Anyone who’s ever considered becoming a landlord.
More specifically: Real estate investors who want to go beyond renting out a basement or a room in their home and want to build a real estate portfolio.
Does it have a design?: Yes. Michael Currie, an east coast landlord and property manager and one of the founders of the Fort Nova Group, offers practical advice on the decision-making process on becoming a landlord. Even better, he helps distinguish between being an accidental (or occasional) landlord, being a real estate investor and being a property manager-cum-landlord.
Why we like it: In a market filled with get-rich-in-real-estate books, mostly from the U.S., it’s great to have the insight of a Canadian landlord. Better still, Currie helps to distinguish between being a landlord and being a property manager—an often-overlooked aspect of real estate investing. Currie also wanted to offer a comprehensive guide to anyone serious about do-it-yourself real estate investment…
Canadian Pacific profit rises to $347 million but falls short of expectations
– canadianbusiness.com
CALGARY – Canadian Pacific Railway reported a third-quarter profit of $347 million on Wednesday, topping its result a year ago, but falling short of investors’ expectations.
The profit amounted to $2.34 per diluted share for the quarter ended Sept. 30 compared with a profit of $323 million or $2.04 per diluted share in the same period last year when it had more shares outstanding.
On an adjusted basis, CP Rail said it earned $2.73 per diluted share for the quarter, up from $2.69 a year ago.
Analysts had expected a profit of $2.79 per share, according to data compiled by Thomson Reuters.
For the three months ended Sept. 30, the Calgary-based railway had $1.55 billion of revenue, down from $1.71 billion last year.
Shares in the company slipped $4.07 or about two per cent to $197.24 in early trading on the Toronto Stock Exchange.
CP Rail is entangled in a dispute with some farmers who are worried that not enough of their harvest this year will be shipped because of a rail bottleneck…
The profit amounted to $2.34 per diluted share for the quarter ended Sept. 30 compared with a profit of $323 million or $2.04 per diluted share in the same period last year when it had more shares outstanding.
On an adjusted basis, CP Rail said it earned $2.73 per diluted share for the quarter, up from $2.69 a year ago.
Analysts had expected a profit of $2.79 per share, according to data compiled by Thomson Reuters.
For the three months ended Sept. 30, the Calgary-based railway had $1.55 billion of revenue, down from $1.71 billion last year.
Shares in the company slipped $4.07 or about two per cent to $197.24 in early trading on the Toronto Stock Exchange.
CP Rail is entangled in a dispute with some farmers who are worried that not enough of their harvest this year will be shipped because of a rail bottleneck…
US stock indexes edge higher in morning trading
– canadianbusiness.com
Major U.S. stock indexes edged higher in morning trading Wednesday as investors sized up the latest company earnings and new data showing residential construction slowed last month. Energy stocks led among the gainers as oil prices headed higher, while consumer-focused companies lagged the most.
KEEPING SCORE: The Dow Jones industrial average gained 52 points, or 0.3 per cent, to 18,213 as of 10:43 a.m. Eastern time. The Standard & Poor’s 500 index rose 4 points, or 0.2 per cent, to 2,144. The Nasdaq composite index edged up 1 point to 5,245.
ALL ABOUT EARNINGS: Investors are poring over company earnings reports to gauge the market’s prospects for growth in coming months and get a better handle on the state of the economy. About 80 of the companies in the S&P 500 are scheduled to report quarterly results this week.
BOND BUMP: Morgan Stanley rose 1.2 per cent after the investment bank said earnings soared 62 per cent in the third quarter, thanks to big gains in bond trading…
KEEPING SCORE: The Dow Jones industrial average gained 52 points, or 0.3 per cent, to 18,213 as of 10:43 a.m. Eastern time. The Standard & Poor’s 500 index rose 4 points, or 0.2 per cent, to 2,144. The Nasdaq composite index edged up 1 point to 5,245.
ALL ABOUT EARNINGS: Investors are poring over company earnings reports to gauge the market’s prospects for growth in coming months and get a better handle on the state of the economy. About 80 of the companies in the S&P 500 are scheduled to report quarterly results this week.
BOND BUMP: Morgan Stanley rose 1.2 per cent after the investment bank said earnings soared 62 per cent in the third quarter, thanks to big gains in bond trading…
13.8M goal set for Obama’s final health care sign-up season
– canadianbusiness.com
WASHINGTON – The Obama administration has set its goal for the president’s final health care sign-up season.
Health and Human Services Secretary Sylvia Burwell says she expects 13.8 million people to sign up.
This is shaping up to be the most challenging sign-up season since HealthCare.gov launched in 2013 and its computer system didn’t work.
But technology isn’t the issue this time. Premiums are going up sharply in many parts of the country, and some major insurers have bailed.
The administration says subsidies will cushion most of the impact of premium increases.
The government says enrolment averaged more than 10 million people through the first half of 2016, and more than 8 in 10 were receiving financial help.
Open enrolment starts Nov. 1 and ends Jan. 31.
The post 13.8M goal set for Obama’s final health care sign-up season appeared first on Canadian Business – Your Source For Business News.
Health and Human Services Secretary Sylvia Burwell says she expects 13.8 million people to sign up.
This is shaping up to be the most challenging sign-up season since HealthCare.gov launched in 2013 and its computer system didn’t work.
But technology isn’t the issue this time. Premiums are going up sharply in many parts of the country, and some major insurers have bailed.
The administration says subsidies will cushion most of the impact of premium increases.
The government says enrolment averaged more than 10 million people through the first half of 2016, and more than 8 in 10 were receiving financial help.
Open enrolment starts Nov. 1 and ends Jan. 31.
The post 13.8M goal set for Obama’s final health care sign-up season appeared first on Canadian Business – Your Source For Business News.
2016 Predictions October Update
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I enjoy predictions, I treat them as entertainment. I had some fun with my 2015 predictions and I actually got a few of them right.
Many months ago I predicted the financial markets would be a wild ride in 2016. It’s actually been a nice uphill climb since the beginning of the year for the Canadian stock market – but the year isn’t over yet.
What stocks would raise their dividends in 2016? How would our dollar finish this year? Here was my forecast for 2016 and where things stand today.
I enjoy predictions, I treat them as entertainment. I had some fun with my 2015 predictions and I actually got a few of them right.
Many months ago I predicted the financial markets would be a wild ride in 2016. It’s actually been a nice uphill climb since the beginning of the year for the Canadian stock market – but the year isn’t over yet.
What stocks would raise their dividends in 2016? How would our dollar finish this year? Here was my forecast for 2016 and where things stand today.
The Ottawa Senators will make the playoffs.
Nope. I didn’t come close to getting this prediction right, unfortunately. With new head coach Guy Boucher in town now, the Senators should be able to turn the page on an old chapter and start a new one for the 2016-2017 campaign. At least Sens fans like me are hoping so – they are off to a decent start this fall.
The Chicago Blackhawks will win The Stanley Cup.
Wrong again…
