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Stock market news for investors: Canadian banks report Q1 earnings + MORE Feb 28th
Companies that reported earnings this week
BMO
Scotiabank
National Bank
CIBC
RBC
TD
Laurentian
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Trump wants companies to report earnings twice a year, not four times Aug 17th
U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter..... More »
The Toronto effect: Sales and average prices for Canadian homes fell in February + MORE Mar 15th
Canada's housing market has taken a tumble in the past 12 months, with average selling prices and home sales volumes off sharply in the year up to February, the Canadian Real Estate Association says..... More »
Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
Defence stocks attract attention as spending climbs + MORE Apr 10th
With global hostilities rising, experts say investors should take a fresh look at defence companies. The defence industry is much broader than weapons-focused firms. Investing professionals say there are a range of options for retail investors to gain exposure to the sector, depending on their comfo.... More »
Jean Coutu anticipates generic drug stability as it prepares for sale to Metro
– canadianbusiness.com
MONTREAL _ As it prepares to join the Metro grocery chain network, Quebec pharmacy company Jean Coutu Group Inc. anticipates some stability after years of provincial government intervention in a bid to lower generic drug costs.
A ceiling on professional allowances paid to pharmacists by generic drug manufacturers such as Jean Coutu’s (TSX:PJC.A) Pro Doc will be restored to 15 per cent next week.
And a new law limiting pharmacists to buying half of their total generic drug purchases from one generic drugmaker is expected to have little impact on its pharmacist owners.
Most of Jean Coutu pharmacists already meet this threshold and will be able to maintain their current purchases from Pro Doc, which mainly supplies large volume generic drugs, chief financial officer Andre Belzile said Thursday during a conference call to discuss second-quarter results.
“We don’t expect any additional reform so we should have a much better view on the impact on our earnings and the earnings of Pro Doc going forward now that we will have that stability for the next five years,” he told analysts…
A ceiling on professional allowances paid to pharmacists by generic drug manufacturers such as Jean Coutu’s (TSX:PJC.A) Pro Doc will be restored to 15 per cent next week.
And a new law limiting pharmacists to buying half of their total generic drug purchases from one generic drugmaker is expected to have little impact on its pharmacist owners.
Most of Jean Coutu pharmacists already meet this threshold and will be able to maintain their current purchases from Pro Doc, which mainly supplies large volume generic drugs, chief financial officer Andre Belzile said Thursday during a conference call to discuss second-quarter results.
“We don’t expect any additional reform so we should have a much better view on the impact on our earnings and the earnings of Pro Doc going forward now that we will have that stability for the next five years,” he told analysts…
Sweat equity and capital: What it takes to open a successful franchise
– canadianbusiness.com
VANCOUVER _ Beeru Mannan owns two Freshii locations in British Columbia with his brother, and the duo plan to open another pair of the chain’s restaurants in the province next year.
The veteran franchisee, who’s been affiliated with three other brands previously, was drawn to Freshii’s focus on healthy dining options. Standing in his Burnaby, B.C., location while employees prepped fresh vegetables in the kitchen, Mannan said he believed it was an up-and-coming chain in the health food segment that could grow exponentially.
The brothers are two of many Canadians running the 78,000 franchise units in the country that fall under some 1,300 brand names, including Freshii, according to the Canadian Franchise Association.
People looking to join their ranks want to be their own boss, enjoy the flexibility that comes along with that, and desire direct control over their financial investment, according to survey responses compiled by the CFA.
Prospective franchisees should research the company, build an emergency fund and closely read the fine print on all documents before making a big capital investment, according to franchisees and industry insiders…
The veteran franchisee, who’s been affiliated with three other brands previously, was drawn to Freshii’s focus on healthy dining options. Standing in his Burnaby, B.C., location while employees prepped fresh vegetables in the kitchen, Mannan said he believed it was an up-and-coming chain in the health food segment that could grow exponentially.
The brothers are two of many Canadians running the 78,000 franchise units in the country that fall under some 1,300 brand names, including Freshii, according to the Canadian Franchise Association.
People looking to join their ranks want to be their own boss, enjoy the flexibility that comes along with that, and desire direct control over their financial investment, according to survey responses compiled by the CFA.
Prospective franchisees should research the company, build an emergency fund and closely read the fine print on all documents before making a big capital investment, according to franchisees and industry insiders…
