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Investment is flowing out of Canada and into U.S. after tax changes, RBC president says + MORE Apr 2nd
The head of one of Canada's largest banks is urging the federal government to stem the flow of investment capital from this country to the United States — because, he warns, it's already leaving in "real time.".... More »
Best online brokers in Canada for 2020 + MORE Jul 17th
NOTE: These rankings are based on data collected before June 1, 2020 and do not reflect changes which may have taken place since then.
A penny saved, as they say, is a penny earned. That’s certainly the case for Canada’s self-directed investors, who are embracing the ultra-low fees offered by .... More »
Tax planning for Canadians who invest in the U.S. Jun 10th
It’s no surprise that many Canadians invest south of the border—both in stocks and real estate. On the world stage, economically speaking, we’re small potatoes.
As of May 31, 2021, Canada’s country weight within the MSCI All Country World Index was less than 3%. By comparison, U.S. stocks re.... More »
The Calgary Flames dig a deeper hole in arena debate Sep 16th
Flames president Ken King speaks on Friday to reporters about the team’s position on a new arena deal THE CANADIAN PRESS/Jeff McIntosh
In the long battle of hearts and minds over how many taxpayer money should go into a pro-sports arena, Calgary Flames CEO Ken King and the club owners aren’.... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 19th
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
Federal government offers $867M to help lumber sector weather softwood tariffs
– canadianbusiness.com
Natural Resources Minister Jim Carr is announcing $867 million in financial supports to help lumber producers and employees weather the impact of punishing new U.S. tariffs on Canadian softwood exports.
The package announced today includes loans and loan guarantees to help cushion the blow for forestry companies and to help them exploring new markets and innovations.
The help includes $260 million to help diversify the market base for Canadian lumber products, allow the indigenous forestry sector to explore new initiatives and extend work-sharing agreement limits to minimize layoffs.
“Our government recognizes the importance of finding new markets for our forest products,” Carr said Thursday in Ottawa, flanked by Foreign Affairs Minister Chrystia Freeland and International Trade Minister Francois-Philippe Champagne.
“By diversifying into a variety of markets, we will be less vulnerable to actions from any one market and today we stand with softwood companies, their employees and their communities to support good jobs to create new opportunities and ensure sustainable prosperity for generations to come…
The package announced today includes loans and loan guarantees to help cushion the blow for forestry companies and to help them exploring new markets and innovations.
The help includes $260 million to help diversify the market base for Canadian lumber products, allow the indigenous forestry sector to explore new initiatives and extend work-sharing agreement limits to minimize layoffs.
“Our government recognizes the importance of finding new markets for our forest products,” Carr said Thursday in Ottawa, flanked by Foreign Affairs Minister Chrystia Freeland and International Trade Minister Francois-Philippe Champagne.
“By diversifying into a variety of markets, we will be less vulnerable to actions from any one market and today we stand with softwood companies, their employees and their communities to support good jobs to create new opportunities and ensure sustainable prosperity for generations to come…
Saputo shares drop after financial results fall short of expectations
– canadianbusiness.com
Shares in Saputo Inc. (TSX:SAP) fell in trading Thursday after the company reported weaker-than-expected results for its latest quarter.
The dairy processor says it earned $165.2 million or 42 cents per diluted share for the quarter ended March 31 compared with a profit of $141.2 million or 36 cents per share a year ago.
Revenue for what was Saputo’s fourth quarter totalled nearly $2.72 billion compared with just over $2.73 billion in the same quarter a year earlier.
Analysts had expected on average the company to earn 48 cents per share on revenue of $2.92 billion, according to Thomson Reuters.
For the full year, Saputo earned $731.1 million or $1.84 per diluted share on $11.16 billion in revenue. That compared with a profit of $601.4 million or $1.51 per diluted share on $10.99 billion in revenue in the previous year.
Saputo shares were down $3.60 or about eight per cent at $41.50 in trading on the Toronto Stock Exchange on Thursday afternoon.
The post Saputo shares drop after financial results fall short of expectations appeared first on Canadian Business – Your Source For Business News.
The dairy processor says it earned $165.2 million or 42 cents per diluted share for the quarter ended March 31 compared with a profit of $141.2 million or 36 cents per share a year ago.
Revenue for what was Saputo’s fourth quarter totalled nearly $2.72 billion compared with just over $2.73 billion in the same quarter a year earlier.
Analysts had expected on average the company to earn 48 cents per share on revenue of $2.92 billion, according to Thomson Reuters.
For the full year, Saputo earned $731.1 million or $1.84 per diluted share on $11.16 billion in revenue. That compared with a profit of $601.4 million or $1.51 per diluted share on $10.99 billion in revenue in the previous year.
Saputo shares were down $3.60 or about eight per cent at $41.50 in trading on the Toronto Stock Exchange on Thursday afternoon.
The post Saputo shares drop after financial results fall short of expectations appeared first on Canadian Business – Your Source For Business News.
Why Big Six bank stocks have barely moved after an impressive earnings season
– theglobeandmail.com
Strong results demonstrate that core operations are still humming – so why the curious response from investors?
