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Prairie farmers take financial hit as oil and gas slowdown stalls drilling rigs + MORE Oct 9th
CALGARY – For 56-year-old farmer Shannon Webb, waking up Friday to six inches of snow coating his grain fields near Wynyard, Sask., the frustration of an interrupted harvest wins out, for now, over worry about the ongoing oil-and-gas drilling downturn.
Like many Prairie farmers, Webb has used .... More »
The best balance transfer credit cards in Canada for 2024 + MORE Mar 1st
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The best balance transfer credit cards in Canada for 2024
Moving your credit card debt to a balance transfer card can help you pay off the debt more quickly by paying little or no interest.
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StatCan latest wealth survey shows stark disparity between homeowners, renters - CTV News Oct 29th
StatCan latest wealth survey shows stark disparity between homeowners, renters CTV NewsView Full Coverage on Google News.... More »
Before you borrow: Navigating back-to-school financial aid in Canada + MORE Jun 26th
Each year, more than half a million Canadians take out student loans to cover tuition, books, and living costs. But according to some recent research, including a study from Royal Bank of Canada (RBC), many students are unprepared for how these loans work and how to manage repayment.
Understandin.... More »
Canadians investing more of their paycheques + MORE Jul 7th
Canadian investors now invest 14% of their income, up from 12.6% in 2013, according to the latest TD Investor Insights Index, and it may have something to rising stock markets and the confidence they have instilled. Nearly half of investors polled for the study said their portfolio has seen gains .... More »
BlackBerry’s patent portfolio is believed by some to be among the company’s most valuable assets. But what if it’s not?
New Trade: Long Priceline ($PCLN) & Short Orbitz Worldwide ($OWW)
– IntelligentSpeculator.net
Things remain fairly good for my tech & short stock picks. I have not done very well with my latest pick though and will be closing it out this morning. I had opened Long TripAdvisor (TRIP) and short Pandora (P) but TRIP had a very difficult week. It now stands at -23%. Why? It warned that the current quarter was going to come in worse than expected sending the stock down. That being said, things do remain good as my average trade this year has returned 1.84%. As always, you can see my live tech long & short trades here.Today I’m back with a new long & short trade with two fairly familiar names.Let’s start off by looking at the numbers:
TickerNamePriceEPSPE RatioPE Next YearReturn YTDSales GrowthAnalyst ratingBook ValueBetaMkt CapRevenue/ShareSales 5Y Avg GrowthEPS 5Y Avg Growth
PCLNpriceline.com Inc940.0728.4830.2618.9851.3220.794.6114.591.1848348179688105.5627.0549.51
OWWOrbitz Worldwide Inc9.67-2.8614.6325.29251.471.563.180.140.8910321687017…
What not to do with a $10 million jackpot
– moneysense.ca
On the weekend, the Toronto Star referenced a Hamilton Spectator story about the winner of a $10.6 million lottery who managed to blow through all but $750,000 in less than a decade.
When I posted a link to the Spectator’s original story to various social media, it sparked a fair bit of commentary. I was incredulous—gobsmacked, you might say—that anyone could be so financially illiterate as to waste such a gift of early financial independence. Most of us can only dream of ever amassing that much wealth in a lifetime of hard work.
Any financial planner worth his/her salt could tell you that if you could generate a 4% investment return annually from $10 million, that’s a whopping $400,000 a year of income. Yes, a balanced portfolio of stocks and bonds could probably do better than that: perhaps 6%. On the other hand, if you really wanted to play it safe even a GIC could give you a 2% annual return: enough to spin off $200,000 a year for life, albeit gradually losing ground to inflation and being subject to the highest level of tax…
When I posted a link to the Spectator’s original story to various social media, it sparked a fair bit of commentary. I was incredulous—gobsmacked, you might say—that anyone could be so financially illiterate as to waste such a gift of early financial independence. Most of us can only dream of ever amassing that much wealth in a lifetime of hard work.
Any financial planner worth his/her salt could tell you that if you could generate a 4% investment return annually from $10 million, that’s a whopping $400,000 a year of income. Yes, a balanced portfolio of stocks and bonds could probably do better than that: perhaps 6%. On the other hand, if you really wanted to play it safe even a GIC could give you a 2% annual return: enough to spin off $200,000 a year for life, albeit gradually losing ground to inflation and being subject to the highest level of tax…
4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
CSeries entry into service likely delayed until early 2015, says analyst
– canadianbusiness.com
MONTREAL – A transportation analyst says delays in the first test flight of Bombardier’s new CSeries jet will likely push the plane’s entry into commercial service into early 2015.
Bombardier has delayed the inaugural flight three times. It was initially expected to fly by the end of June, then by the end of July and then delayed a “few weeks.”
The Montreal-based aircraft manufacturer (TSX:BBD.B) announced Friday that it has started low-speed taxiing, one of the last test before fight flight.
National Bank FInancial analyst Cameron Doerksen says a first flight by the end of August is possible and deliveries in 2015 seem “inevitable.”
But he says the manufacturer’s inability to correctly predict the inaugural flight suggests the CSeries entry-into-service will be in the first quarter of 2015.
Doerksen says such a delay will add costs to the overall CSeries program that will not be “overly material.”
He adds that a delay in deliveries will Bombardier Aerospace margins in 2014…
Bombardier has delayed the inaugural flight three times. It was initially expected to fly by the end of June, then by the end of July and then delayed a “few weeks.”
The Montreal-based aircraft manufacturer (TSX:BBD.B) announced Friday that it has started low-speed taxiing, one of the last test before fight flight.
National Bank FInancial analyst Cameron Doerksen says a first flight by the end of August is possible and deliveries in 2015 seem “inevitable.”
But he says the manufacturer’s inability to correctly predict the inaugural flight suggests the CSeries entry-into-service will be in the first quarter of 2015.
Doerksen says such a delay will add costs to the overall CSeries program that will not be “overly material.”
He adds that a delay in deliveries will Bombardier Aerospace margins in 2014…
