How to go about securing the best return for your investment in Canada.
Latest News
The RRSP deadline is coming soon — here’s how to make your contribution work harder this year Feb 24th
Contributing to an RRSP allows your retirement savings to grow tax-sheltered and can reduce the amount of tax you pay this year, writes Lesley-Anne Scorgie..... More »
30 days - 1.50% + MORE Mar 13th
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online..... More »
3.5 year - 2.10% + MORE Apr 6th
This GIC rate is offered by DUCA Financial Services and was updated on 2015-04-01. Click on the link above to get more details or apply online..... More »
Making sense of the markets this week: February 13 + MORE Feb 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Earnings season continues, the halftime report
Last year’s Q4 financial reporting seems to be the most “normal” earnings season we’ve had in the past two y.... More »
Five money fears from childhood—and how to overcome them Dec 15th
Ask around your group of peers what their childhoods were like, and you’ll probably discover you all grew up incredibly differently. Some of us dined on Kraft Dinner nightly, while others enjoyed meals fit for the cover of Bon Appétit. Some families were frugal by choice or necessity, and others .... More »
Struggling New Zealand coal miner Solid Energy posts big annual loss after deal to stay open
– canadianbusiness.com
WELLINGTON, New Zealand – New Zealand’s biggest coal miner announced a gaping loss Friday as it struggled against lower international coal prices and a strong local currency.
State-owned Solid Energy reported a loss of 335 million New Zealand dollars ($278 million) for the year ended June 30 after writing down assets and sacking hundreds of workers. Revenue was down 35 per cent to NZ$631 million and profit excluding one-time items was down 78 per cent to NZ$22 million.
A switch to low-cost natural gas by some U.S. utilities coupled with slower growth in China contributed to last year’s decline in coal prices. Solid Energy exports more than half its coal, much of which is used in steel production. The company’s revenue was also dented by a strong New Zealand dollar, which has been given buoyancy by a relatively healthy economy in the South Pacific nation of 4.5 million people.
Observers have also accused Solid Energy of overextending itself when coal prices were booming…
State-owned Solid Energy reported a loss of 335 million New Zealand dollars ($278 million) for the year ended June 30 after writing down assets and sacking hundreds of workers. Revenue was down 35 per cent to NZ$631 million and profit excluding one-time items was down 78 per cent to NZ$22 million.
A switch to low-cost natural gas by some U.S. utilities coupled with slower growth in China contributed to last year’s decline in coal prices. Solid Energy exports more than half its coal, much of which is used in steel production. The company’s revenue was also dented by a strong New Zealand dollar, which has been given buoyancy by a relatively healthy economy in the South Pacific nation of 4.5 million people.
Observers have also accused Solid Energy of overextending itself when coal prices were booming…
Social media company Twitter Inc. has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion US.
Analysts See A Cash Problem At BlackBerry
– blogs.wsj.com
Analysts at Sanford Bernstein told investors on Monday they didn’t need to be negative on BlackBerry anymore. On Thursday, they effectively advised them to sell the stock. The Wall Street Journal’s Corporate Intelligence blog looks at what happened in between.
A new BMO survey of high-net-worth Canadians finds a majority feel more financially secure now than before the 2008 financial downturn, a sign that the economic turmoil of the past five years seems to have bypassed the wealthy.
Rumoured BlackBerry suitor Cerberus has track record of big plays in Canada
– theglobeandmail.com
The private equity firm reported to have interest in BlackBerry often goes after distressed assets
