The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Making sense of the markets this week: May 7, 2023 May 5th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
A big thanks to Diamond Hands Dale Roberts for so ably stepping in to cover the big market news over the last couple of weeks!
Powe.... More »
Find the best mortgage rates in Canada Oct 22nd
Mortgage rate comparison tool
Shopping around for the best rate can save you thousands on your mortgage. To instantly compare rate types and terms, click on the filters icon beside the down payment percentage in the Ratehub mortgage rate finder below. Input your location, the price of the home yo.... More »
How financial advisors can help at different life stages Mar 22nd
When it comes to figuring out your finances and planning for the future, working with a pro can make this process easier. Canadians who feel hopeful about their financial future are more likely to be working with a financial professional, according to research by FP Canada.
Depending on you.... More »
New CEO of mortgage lender Home Capital says corporate culture is critical + MORE Aug 3rd
The new CEO of Home Capital Group (TSX:HCG) says ensuring the company, which nearly collapsed earlier this year, has the right corporate culture is critical to its future.
In his first day on the job Thursday, Yousry Bissada said while the lender’s core executive team is strong, there is still.... More »
To take advantage of coming agriculture 'revolution' Canada needs investment, says expert Feb 18th
A Canadian agri-food expert says Canada has an opportunity to be a key player in the coming agriculture industrial-revolution — but the sector needs investment to take advantage..... More »
Time Warner 3Q results top Street; raises outlook
– canadianbusiness.com
NEW YORK, N.Y. – Time Warner’s third-quarter performance beat analysts’ estimates, thanks partly to revenue growth spurred by the success of films such as “Suicide Squad” and “Sully.”
The media company — which is in the midst of a proposed $85 billion tie-up with AT&T — also boosted its full-year adjusted profit forecast again.
Shares climbed almost 2 per cent before the market open on Wednesday.
For the three months ended Sept. 30, Time Warner earned $1.47 billion, or $1.86 per share. That compares with $1.04 billion, or $1.26 per share, a year earlier.
Stripping out certain items, earnings were $1.83 per share.
Analysts surveyed by Zacks Investment Research were looking for earnings of $1.36 per share.
Revenue increased to $7.17 billion from $6.56 billion. That beat the $7 billion that analysts predicted, according to a Zacks poll.
Revenue at Warner Bros. rose 7 per cent as higher movie theatre revenue offset lower videogame revenue. Aside from strong showings by “Suicide Squad” and “Sully,” revenue improved thanks to the releases of “The Legend of Tarzan” and “Lights Out…
The media company — which is in the midst of a proposed $85 billion tie-up with AT&T — also boosted its full-year adjusted profit forecast again.
Shares climbed almost 2 per cent before the market open on Wednesday.
For the three months ended Sept. 30, Time Warner earned $1.47 billion, or $1.86 per share. That compares with $1.04 billion, or $1.26 per share, a year earlier.
Stripping out certain items, earnings were $1.83 per share.
Analysts surveyed by Zacks Investment Research were looking for earnings of $1.36 per share.
Revenue increased to $7.17 billion from $6.56 billion. That beat the $7 billion that analysts predicted, according to a Zacks poll.
Revenue at Warner Bros. rose 7 per cent as higher movie theatre revenue offset lower videogame revenue. Aside from strong showings by “Suicide Squad” and “Sully,” revenue improved thanks to the releases of “The Legend of Tarzan” and “Lights Out…
Anthem misses 3Q Street profit forecast, medical costs rise
– canadianbusiness.com
INDIANAPOLIS – Anthem’s third-quarter earnings slid nearly 6 per cent and missed Wall Street expectations, as rising medical costs countered revenue growth and some cost cutting for the nation’s second-largest health insurer.
The Blue Cross-Blue Shield insurer also updated on Wednesday a 2016 forecast that falls short of analyst forecasts.
Anthem said its largest expense, medical claims paid, climbed more than 9 per cent in the quarter to $16.92 billion. Operating revenue, which excludes investment gains, rose 7 per cent to $21.12 billion
Overall, the insurer earned $617.8 million in the quarter, down from $654.8 million last year. Earnings, adjusted for one-time gains and costs, totalled $2.45 per share in this year’s quarter.
Analysts expected, on average, earnings of $2.49 per share on $20.74 billion in revenue, according to Zacks Investment Research.
The Indianapolis-based insurer also said Wednesday it now expects 2016 adjusted earnings to total about $10.80 per share…
The Blue Cross-Blue Shield insurer also updated on Wednesday a 2016 forecast that falls short of analyst forecasts.
Anthem said its largest expense, medical claims paid, climbed more than 9 per cent in the quarter to $16.92 billion. Operating revenue, which excludes investment gains, rose 7 per cent to $21.12 billion
Overall, the insurer earned $617.8 million in the quarter, down from $654.8 million last year. Earnings, adjusted for one-time gains and costs, totalled $2.45 per share in this year’s quarter.
Analysts expected, on average, earnings of $2.49 per share on $20.74 billion in revenue, according to Zacks Investment Research.
The Indianapolis-based insurer also said Wednesday it now expects 2016 adjusted earnings to total about $10.80 per share…
Economic advisers prod German government for more reforms
– canadianbusiness.com
BERLIN – The German government’s panel of economic advisers pushed Wednesday for more reforms in Europe’s biggest economy, including a higher retirement age, and said Britain shouldn’t be given substantial concessions on immigration as it negotiates its exit from the European Union.
In an annual report, the independent German Council of Economic Experts predicted that the German economy will grow by 1.9 per cent this year and 1.3 per cent in 2017 — a slightly slower rate for next year than officials have forecast. However, it said the slowdown is primarily due to calendar effects and “growth momentum will remain essentially unchanged.”
The 19 eurozone countries “should now use the tailwinds of the economic upturn to carry out structural reforms,” panel chairman Christoph Schmidt said. “Even the German government did not sufficiently use the positive economic growth of the past few years for market-oriented reforms.”
The group argued that Germany’s financial leeway should be used to reduce debt and conduct tax reforms rather than increase spending…
In an annual report, the independent German Council of Economic Experts predicted that the German economy will grow by 1.9 per cent this year and 1.3 per cent in 2017 — a slightly slower rate for next year than officials have forecast. However, it said the slowdown is primarily due to calendar effects and “growth momentum will remain essentially unchanged.”
The 19 eurozone countries “should now use the tailwinds of the economic upturn to carry out structural reforms,” panel chairman Christoph Schmidt said. “Even the German government did not sufficiently use the positive economic growth of the past few years for market-oriented reforms.”
The group argued that Germany’s financial leeway should be used to reduce debt and conduct tax reforms rather than increase spending…
Maple Leaf Foods profit jumps 70.4 per cent
– theglobeandmail.com
Meat processing company says earnings rose to $31.8-million or 23 cents a share in the most recent quarter
Then and Now – Bank of Nova Scotia
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
This post is a continuation of my series Then and Now where I revisit some older blogposts and either rip them to shreds (because my thinking has changed) or I’ll confirm my position on some personal finance topics or specific investments.
You can check out my previous posts in this series here:
H&R REIT
TransAlta
Enbridge
This post is an update on Bank of Nova Scotia.
Then
This post is a continuation of my series Then and Now where I revisit some older blogposts and either rip them to shreds (because my thinking has changed) or I’ll confirm my position on some personal finance topics or specific investments.
You can check out my previous posts in this series here:
H&R REIT
TransAlta
Enbridge
This post is an update on Bank of Nova Scotia.
Then
I started writing about Bank of Nova Scotia (BNS) on this site in more detail back in 2011. As part of our 2011 financial goals, I wrote the following:
“Bank of Nova Scotia (BNS) is one stock I cannot run my synthetic DRIP with yet. This is because I don’t own enough BNS shares for the dividends paid each quarter to buy one full share. So, I’ve started my full DRIP with their transfer agent (Computershare) to help me get there. Last year I managed to contribute at least $50 per month into BNS stock, no commission fees, based on the cost of an envelope, a stamp and my personal sacrifice of walking to the mailbox up the road…
