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UK Labour opposition party vows to reject May's Brexit deal - Toronto Star + MORE Sep 25th
Toronto StarUK Labour opposition party vows to reject May's Brexit dealToronto StarLONDON—Britain's main opposition Labour Party announced Tuesday it will reject Conservative Prime Minister Theresa May's proposed divorce deal with the European Union when it comes to a vote in Parlia.... More »
Carney Held $6.8 Million of Brookfield Options Before Quitting for Political Run - Bloomberg + MORE Mar 18th
Carney Held $6.8 Million of Brookfield Options Before Quitting for Political Run BloombergCarney pushes back when questioned about financial assets CBC.ca'Look inside yourself': Carney gets snippy at reporter when pressed on conflicts of interest National PostConserv.... More »
“One of my stocks just split. Am I richer now?” Sep 4th
If you’re an Apple or Tesla stockholder, you may have noticed that you’re now in possession of a bunch of new shares. On August 28, Apple did a 4-for-1 stock split. Three days later, Tesla split its shares 5-for-1. That means if you owned 100 shares each of Apple and Tesla before the split, you .... More »
How Green Card holders can get the most out of TFSAs and RRSPs + MORE Jan 7th
Getty Images/Chris Cheadle
Q. I am a Green Card holder as well as a Canadian resident, and have two questions: No.1. Which are the best securities to invest inside my TFSA to be “friendly” from an Internal Revenue Service and Federal Treasury Board (IRS/FTB) tax point of view? And .... More »
My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes? + MORE Sep 1st
Q. I have a registered education savings plan (RESP) for my three children, the youngest of whom is starting university this fall. We have made some withdrawals for the older two kids but the plan is still well-funded. Our middle child has decided to pursue a co-op university program, which is .... More »
The Amazon effect: How e-commerce is driving a real estate revolution
– theglobeandmail.com
As e-commerce players scale up, they're driving demand for massive warehouse space
Alimentation Couche Tard looks to Norway for guidance to adapt to electric cars
– canadianbusiness.com
Alimentation Couche-Tard, one of the largest gas retailers in Canada, is looking to Norway for guidance on how to adapt to growing electric car sales, a trend that some investors fear could threaten its current raison d’etre.
The Quebec-based convenience store company, which established a foothold in the Scandinavian country five years ago with its purchase of Statoil ASA’s fuel and retail operations, says it wants to ensure it will still appeal to customers if they no longer need to fill up on gas.
“We’ll look at Norway as a laboratory to the future,” CEO Brian Hannasch said during an earnings conference call earlier this month.
“We’re very much engaged to see how we can win there.”
When it comes to embracing electric vehicles, Norwegians are in a class of their own. In a country of about five million people, there are about 120,000 full-electric or plug-in hybrid automobiles on the road _ a per capita ownership ratio 23 times larger than in Canada…
The Quebec-based convenience store company, which established a foothold in the Scandinavian country five years ago with its purchase of Statoil ASA’s fuel and retail operations, says it wants to ensure it will still appeal to customers if they no longer need to fill up on gas.
“We’ll look at Norway as a laboratory to the future,” CEO Brian Hannasch said during an earnings conference call earlier this month.
“We’re very much engaged to see how we can win there.”
When it comes to embracing electric vehicles, Norwegians are in a class of their own. In a country of about five million people, there are about 120,000 full-electric or plug-in hybrid automobiles on the road _ a per capita ownership ratio 23 times larger than in Canada…
Time to get selective about dividend equities, where the loonie will peak, and summer stock picks
– theglobeandmail.com
A roundup of investment ideas for active investors
Husky Energy set to repair pipeline that spilled crude into river a year ago
– canadianbusiness.com
Husky Energy (TSX:HSE) says it has been granted permission to repair and replace a section of pipeline that leaked 225,000 litres of crude in Saskatchewan just over a year ago.
Chief executive Robert Peabody said that it will be applying lessons learned from the spill on the rebuild.
“My mother used to tell me this, learn from your mistakes and don’t do it again,” Peabody told a conference call Friday to discuss Husky’s latest financial results.
With the pipeline out of commission, Husky has been relying on tanker trucks to transport crude the final leg to Lloydminster, Sask., until it is repaired and permission is granted by the government to resume operations.
The company said it plans to include more monitoring equipment that will measure ground movement, as well as add thicker and higher grades of steel pipe to the section of pipe that burst near the North Saskatchewan River.
The spill sent about 40 per cent of the leaked crude into the waterway, forcing communities downstream to shut off a main source of water for almost two months…
Chief executive Robert Peabody said that it will be applying lessons learned from the spill on the rebuild.
“My mother used to tell me this, learn from your mistakes and don’t do it again,” Peabody told a conference call Friday to discuss Husky’s latest financial results.
With the pipeline out of commission, Husky has been relying on tanker trucks to transport crude the final leg to Lloydminster, Sask., until it is repaired and permission is granted by the government to resume operations.
The company said it plans to include more monitoring equipment that will measure ground movement, as well as add thicker and higher grades of steel pipe to the section of pipe that burst near the North Saskatchewan River.
The spill sent about 40 per cent of the leaked crude into the waterway, forcing communities downstream to shut off a main source of water for almost two months…
Encana reports US$331M profit on earlier than expected ‘production bounce’
– canadianbusiness.com
Higher production of more profitable products in the second quarter allowed oil and gas producer Encana Corp. (TSX:ECA) to handily beat analyst expectations while posting a US$331-million net profit.
“Our core assets have returned to growth, delivering our planned mid-year production bounce ahead of schedule,” said CEO Doug Suttles on a conference call Friday.
“We continue to enhance well productivity across the portfolio and, as a result, we now expect the core assets will deliver 25 to 30 per cent growth in the fourth quarter of 2017 as compared with the fourth quarter of 2016.”
The Calgary-based oil and gas company, which presents its results in U.S. dollars, reported Friday net earnings per share of 34 cents, compared with a loss of US$601 million, or 71 cents per share, in the same period last year.
Its operating earnings were 18 cents per share, well ahead of analysts’ average estimate of four cents, according to Thomson Reuters.
Encana has sold non-core assets over the past four years to reduce debt, with the result that production has fallen from 528,000 barrels of oil equivalent per day in 2012 to 353,000 boe/d last year…
“Our core assets have returned to growth, delivering our planned mid-year production bounce ahead of schedule,” said CEO Doug Suttles on a conference call Friday.
“We continue to enhance well productivity across the portfolio and, as a result, we now expect the core assets will deliver 25 to 30 per cent growth in the fourth quarter of 2017 as compared with the fourth quarter of 2016.”
The Calgary-based oil and gas company, which presents its results in U.S. dollars, reported Friday net earnings per share of 34 cents, compared with a loss of US$601 million, or 71 cents per share, in the same period last year.
Its operating earnings were 18 cents per share, well ahead of analysts’ average estimate of four cents, according to Thomson Reuters.
Encana has sold non-core assets over the past four years to reduce debt, with the result that production has fallen from 528,000 barrels of oil equivalent per day in 2012 to 353,000 boe/d last year…
