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What is the price of gold in Canada? And more about gold investing Apr 10th
Amidst the gyrations of mega-cap technology stocks and cryptocurrencies over the past year, a stodgy old standby has notched a number of new highs. Gold almost hit USD$3,200 per ounce in early April. It is up 27% over the last 12 months in U.S. dollars and more in Canadian dollars.
That, together.... More »
Will GIC rates keep going up in 2024? + MORE Dec 22nd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
5 things to know before the stock market opens Thursday - CNBC Aug 31st
5 things to know before the stock market opens Thursday CNBCU.S. stocks up again in 'bad news is good news' world BNN BloombergStocks Finish Higher as Speculation Builds for a Less Aggressive Fed BarchartStock market today: Global shares trade higher ahead of US upda.... More »
Trump backs off imposing China investment limits + MORE Jun 27th
President Donald Trump is shifting away from a proposal to impose limits on Chinese investment in American technology companies and high-tech exports to China. Instead, the president is calling on Congress to enhance an existing review process..... More »
What’s my RRSP contribution limit? Dec 12th
Your RRSP contribution limit is the maximum amount you can add to your registered retirement savings plan each year without triggering penalties. It’s based on your unused RRSP deduction room plus 18% of your previous year’s earned income, up to the annual CRA limit.
Use our RRSP contri.... More »
Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada
– canadianbusiness.com
Users can pay for everything from Uber to this Bengaluru autorickshaw using Paytm (Dhiraj Singh/Bloomberg/Getty)The floor is shaking in this sun-drenched, airy downtown Toronto office. Blame that on the two young men, one in shorts and a soccer jersey, thudding around the ping-pong table just off the centre of the room.
About 50 engineers, developers and data scientists—one of whom formerly worked at CERN, the European research facility which discovered the Higgs Boson particle—work in this two-story brick building in the Entertainment District. Their employer is not a buzzy homegrown startup or the Canadian branch plant of a Silicon Valley giant. Paytm Labs is the R&D arm for hyper-growth Indian financial technology firm Paytm. It’s led by Harinder Takhar, a Blackberry alumnus who started this facility in 2014 after three years as the parent company’s first CEO.
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SNC-Lavalin tops forecasts, raises dividend
– theglobeandmail.com
Engineering company forecasts higher adjusted profit for 2017
Valeant’s new bonus math puts debt holders in driver’s seat
– theglobeandmail.com
Shift means executives’ incentives are no longer tied to adjusted earnings per share
Closing 2 Trades (PCLN, TWTR, NFLX, ETSY)
– IntelligentSpeculator.net
This morning I will be closing 2 of the remaining 6 live trades which will open a couple more spots which will hopefully mean adding a new trade tomorrow. On February 1st I opened a trade going long Priceline (PCLN) and short Twitter (TWTR) which has done well and currently stands at +31,35% after a continued collapse by Twitter and once again Priceline beating on earnings. As always, you can see my 2017 (and previous years) long and short trades here:
http://www.intelligentspeculator.net/livetrades
The second trade that I’m closing was traded a couple of weeks ago when I went long Netflix (NFLX) and short Etsy (ETSY). Yesterday, ETSY got crushed after disappointing Q4 earnings so that trade now stands at +25.63%.
The company behind the popular messaging app Snapchat is expected to start trading Thursday after a better-than-expected stock offering.
