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What is a cashable GIC? Dec 21st
Canadian investors have been struggling with high inflation for a couple of years now. In an attempt to cool inflation down, the Bank of Canada (BoC) continues to keep interest rates high. As a result, the interest rates available for guaranteed investment certificates (GICs) look to be pretty attra.... More »
Making sense of the markets this week: February 11, 2024 + MORE Feb 9th
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.
Disney is back on track
Even with all the iconic brands under its corporate umbrella, Disney has struggled the last few .... More »
Is China’s economy slowing down? Jun 17th
Shanghai, China, 2010.
China has been an economic powerhouse for decades and a massive driver of growth and sources of investment around the world. However, as one of the world’s largest economies, it appears to be slowing as it matures.
There are a variety of signs and potential reasons. Trade te.... More »
Married with money: How to combine finances with your partner + MORE Dec 21st
If you’re in a relationship, the topic of money will eventually come up. Since the pandemic started, couples have spent more time talking about money, according to a 2021 RBC poll. Almost half—47%—identified finances as one of the biggest stressors in their relationship. One U.S. study found t.... More »
Minecraft "RTX On" Looks Like an Entirely New Game - Gamescom 2019 - IGN Aug 20th
Minecraft "RTX On" Looks Like an Entirely New Game - Gamescom 2019 IGNMicrosoft, Nvidia team up for more realistic visuals on Minecraft game The TelegramWant real-time ray tracing on your AMD GPU? Use Nvidia’s GeForce Now PCGamesNMinecraft: Nvidia RTX Ray-Tracing a.... More »
Services sector to play increasingly important role in exports, Bank of Canada says
– canadianbusiness.com
HALIFAX – Canada’s services sector is expected to play an increasingly important role in the growth of the country’s exports, a deputy governor of the Bank of Canada says.
“Canada’s resource sector is shrinking in economic importance as investment and employment shift toward the non-resource sector,” deputy governor Lawrence Schembri says in the text of a speech prepared for delivery in Halifax.
An advance copy of the speech was released in Ottawa.
The central bank’s estimates suggest commodity exports could fall from 50 per cent of the total in 2014 to roughly 40 per cent of total exports by 2020.
However, Schembri sees significant prospects for increased exports by the services sector.
“In particular, firms in the information technology service sector, which sells business solutions, software and entertainment services, are benefiting from strong foreign demand,” Schembri said.
He noted the service sector has been rising since 2000 while the share of manufactured goods in Canada’s exports has fallen…
“Canada’s resource sector is shrinking in economic importance as investment and employment shift toward the non-resource sector,” deputy governor Lawrence Schembri says in the text of a speech prepared for delivery in Halifax.
An advance copy of the speech was released in Ottawa.
The central bank’s estimates suggest commodity exports could fall from 50 per cent of the total in 2014 to roughly 40 per cent of total exports by 2020.
However, Schembri sees significant prospects for increased exports by the services sector.
“In particular, firms in the information technology service sector, which sells business solutions, software and entertainment services, are benefiting from strong foreign demand,” Schembri said.
He noted the service sector has been rising since 2000 while the share of manufactured goods in Canada’s exports has fallen…
Canada Goose picks Credit Suisse, CIBC, Goldman for IPO: sources
– theglobeandmail.com
Sale could happen as soon as 2017 and retailer plans to seek a valuation of about $2-billion, people familiar with the matter said
Services sector to play increasingly important role in exports, Bank of Canada says – TheChronicleHerald.ca
– news.google.ca
Services sector to play increasingly important role in exports, Bank of Canada saysTheChronicleHerald.caHALIFAX — Canada's services sector is expected to play an increasingly important role in the growth of the country's exports, a deputy governor of the Bank of Canada says. "Canada's resource sector is shrinking in economic importance as investment and …and more »
Closing Trade ($FB, $NILE)
– IntelligentSpeculator.net
It is certainly fit that in what has been a tough year in terms of long & short tech stock trading, the one stock that has consistently been a good short finally ended up making me pay, and it was painful. Yesterday, as Blue Nile was in the news to release its quarterly earnings, it announced it had received and accepted an offer by a group led by Bain which was 33% over NILE’s stock value. No need to tell you that sent the stock way higher and crushed my FB-NILE trade:As of today, that trade stands at -52.14% and will be closed on the opening today. As is always the case, you can see this year (and past years) long & short trades here:
http://www.intelligentspeculator.net/livetrades
Dismal year for Hertz grows more dismal still
– canadianbusiness.com
NEW YORK, N.Y. – Hertz shares plunged more than 30 per cent in Tuesday trading and its rival, Avis, fell sharply after the company slashed its expectations for all of 2016 in what had already been a dismal year in the car rental business.
Both companies have wrestled with excess capacity in the market.
Hertz, which also owns Dollar and Thrifty, cited falling rental car volume and the diminishing values for the vehicles it owns.
Hertz said late Monday that it now expects earnings between 51 and 88 cents per share for the year, a fraction of its previous per-share forecasts between $2.75 and $3.50. Wall Street analysts had been projecting per-share earnings of $2.92 for the year, according to FactSet.
The company’s third-quarter earnings, also posted on Monday, were far below Wall Street expectations.
Hertz, based in Estero, Florida, said it plans to continue to cut costs to improve its finances.
Shares of Hertz Global Holdings Inc. fell $11.29 to $24.45 in afternoon trading. Shares of Avis Budget Group Inc…
Both companies have wrestled with excess capacity in the market.
Hertz, which also owns Dollar and Thrifty, cited falling rental car volume and the diminishing values for the vehicles it owns.
Hertz said late Monday that it now expects earnings between 51 and 88 cents per share for the year, a fraction of its previous per-share forecasts between $2.75 and $3.50. Wall Street analysts had been projecting per-share earnings of $2.92 for the year, according to FactSet.
The company’s third-quarter earnings, also posted on Monday, were far below Wall Street expectations.
Hertz, based in Estero, Florida, said it plans to continue to cut costs to improve its finances.
Shares of Hertz Global Holdings Inc. fell $11.29 to $24.45 in afternoon trading. Shares of Avis Budget Group Inc…
