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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Manitoba Hydro projects bleak financial outlook without rate hike
– canadianbusiness.com
Manitoba Hydro warns that it can’t simply grow out of its financial troubles if its requested 7.9 per cent rate increase is not approved by the province’s Public Utilities Board.
The Crown corporation presented its case Wednesday before the independent, quasi-judicial tribunal for an interim rate hike to take effect Aug. 1.
Patti Ramage, a lawyer for the utility, says there has been an $880-million reduction in net exports and domestic sales are down $900 million.
Ramage also says Hydro is sinking lower into debt, financing two once-in-a-lifetime capital projects when interest rates are on the rise and revenue-generating high-water levels must eventually fall.
Hydro’s presentation came a day after interveners called the Crown corporation’s projections pessimistic.
The PUB will now decide if and when it approves the application, but board executive director Darren Christle says they may also decide to green-light an increase that’s more or less than what the corporation is seeking…
The Crown corporation presented its case Wednesday before the independent, quasi-judicial tribunal for an interim rate hike to take effect Aug. 1.
Patti Ramage, a lawyer for the utility, says there has been an $880-million reduction in net exports and domestic sales are down $900 million.
Ramage also says Hydro is sinking lower into debt, financing two once-in-a-lifetime capital projects when interest rates are on the rise and revenue-generating high-water levels must eventually fall.
Hydro’s presentation came a day after interveners called the Crown corporation’s projections pessimistic.
The PUB will now decide if and when it approves the application, but board executive director Darren Christle says they may also decide to green-light an increase that’s more or less than what the corporation is seeking…
What Leon Frazer's Ryan Bushell is buying and selling
– theglobeandmail.com
Vice-president at Leon Frazer and Associates spoke about what he’s buying and selling – and the consumer stock his firm wishes it bought
Rogers reports 35% surge in profits in second quarter, beating analyst estimates
– canadianbusiness.com
Rogers Communications reported a 35 per cent increase in second-quarter net income on Thursday, beating analyst estimates with an especially strong performance from its key wireless division.
It’s the first financial report issued by the Toronto-based telecommunications and media company (TSX:RCI.B) (which owns Canadian Business) on Joe Natale’s watch since he became its CEO in April.
Natale is a former CEO of Telus (TSX:T), where he had a reputation of building customer satisfaction and reducing wireless subscriber turnover—factors that some analysts have said would be critical to his success.
He said his new team at Rogers has delivered strong results in its wireless division, but added there’s always room for improvement.
“The focus on customer experience and loyalty is one that requires the whole organization to play,” Natale said in a conference call.
“That takes time. That’s not something that’s going to happen overnight but it’s fundamentally important…
It’s the first financial report issued by the Toronto-based telecommunications and media company (TSX:RCI.B) (which owns Canadian Business) on Joe Natale’s watch since he became its CEO in April.
Natale is a former CEO of Telus (TSX:T), where he had a reputation of building customer satisfaction and reducing wireless subscriber turnover—factors that some analysts have said would be critical to his success.
He said his new team at Rogers has delivered strong results in its wireless division, but added there’s always room for improvement.
“The focus on customer experience and loyalty is one that requires the whole organization to play,” Natale said in a conference call.
“That takes time. That’s not something that’s going to happen overnight but it’s fundamentally important…
