Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan – CBC News + MORE Oct 14th

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GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
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How to invest in Canadian bank ETFs + MORE May 22nd

Though they’re well represented in Canadian stock indices, you can see why some investors would want even more exposure to Canadian banks. They have enviable dividend growth histories and ample current yields. They offer relatively stable earnings that are not vulnerable to global tariffs or suppl.... More »

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All TTC subway riders getting cellphone service starting Oct. 3, federal minister says - CBC.ca + MORE Sep 11th

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Did you fall behind on your financial goals for 2025? If so, you’re not alone. According to a survey by online estate planning platform Willful, 58% of Canadians reported postponing financial tasks they’d earmarked for the year, such as paying down debt, contributing to registered savings and in.... More »
Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan  CBC NewsTruss dumps U.K. corporation tax freeze plan after firing ally  BNN BloombergBritish finance minister Kwasi Kwarteng ousted as PM Liz Truss scraps part of tax plan  The Globe and MailThis mini-budget crisis feels like the death of the Conservative party  The GuardianThe Guardian view on the UK’s financial crisis: a lot of blame to go around  The GuardianView Full coverage on Google News

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Housing market slowdown continues with sales and average prices well down from last year  CBC NewsCanadian Real Estate Association reports home sales in September continued to slow  BradfordTodayCanada’s average home price in September was down 6.6% from last year, CREA says  Global NewsCanada Home Sales Drop 3.9% in September  MarketWatchPeterborough home sales continue to slide but may have hit ‘tapering point’  The Peterborough ExaminerView Full coverage on Google News

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Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.

U.S. earnings remain strong

It looks more and more likely that companies in North America will start to see their profits decline at some point in the next year or so. By and large though, it doesn’t appear we’re at that point just yet. (All values are in U.S. currency unless otherwise stated.)

Pepsi (PEP/NASDAQ) kicked off the earnings season with a substantial earnings beat, cashing in to the tune of $1.97 in earnings per share (versus $1.84 predicted). Revenues were also strong at $21.97 billion (versus $20.84 billion predicted). Shares were up 4% on Wednesday after the earnings report.

Delta’s earnings (DAL/NYSE) arrived on time, coming at $1.51 per share (versus $1.53 predicted) on $12.84 billion in revenues (versus $12.87 billion predicted). The massive airline credited a strong international demand (specifically to Europe) for its increased profits…

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