The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Canada’s best store credit cards for 2023 + MORE Apr 6th
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The best store credit cards in Canada for 2023
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Millionaire Next Door Principles – On Any Salary + MORE Aug 17th
Learn, save, invest and prosper with My Own Advisor.
Following this post I got an email from a reader that went something like this.
Your posts are interesting but we have different financial situations. My husband and I don’t have company pensions. We’ve pursued our passions, we love what w.... More »
Australia’s second largest airline Virgin posts $75 million 6-month loss, blames competition + MORE Feb 28th
SYDNEY – Virgin Australia Holdings Ltd., the country’s No. 2 airline, Friday reported a first-half loss of 83.7 million Australian dollars ($75 million), as airlines increased seat capacity faster than passenger demand in the domestic market.
The loss for the six months through December .... More »
How to handle your finances when CERB ends + MORE Jul 31st
Nick was doing deliveries for a friend with a catering service prior to the pandemic. In March, he applied for another driving job.
“That would have fit well with my parental duties and freelance writing gigs.” he says. “The guy was ready to give it to me right then and there, but the company .... More »
2022’s year in Review: The financial highs, lows and what’s in store for 2023 Dec 22nd
Investors started 2022 celebrating the record highs of 2021. The S&P 500, Dow Jones and NASDAQ were all up double digits. The S&P 500 achieved the greatest gains in 2021, ending the year up nearly 27%. The feeling was “onward and upward”—then macro issues took over and that changed eve.... More »
Oil sands firms urged to reveal risks of carbon crackdown
– theglobeandmail.com
Coalition wants oil companies to reveal financial dangers of potential new emissions policies
Samsung logs another record profit as semiconductor recovery offsets flat Galaxy sales
– canadianbusiness.com
SEOUL, South Korea – Samsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business offset flat sales of high-end smartphones.
The South Korean company, which is the world’s largest maker of smartphones, memory chips and televisions, said Friday its July-September net profit rose 25 per cent over a year earlier to 8 trillion won ($7.5 billion).
It was the seventh quarter in a row that Samsung posted record earnings. Growth was driven by semiconductors and sales of cheaper smartphones in contrast to previous quarters that relied on premium smartphones.
Third-quarter profit from its semiconductor business doubled over a year earlier to 2.06 trillion won as demand rose for memory chips used in mobile devices, servers and digital game consoles.
Samsung’s mobile business posted a record profit, contributing nearly 70 per cent of the company’s total operating profit.
However, growth in premium smartphones, the Galaxy S4 and the Galaxy Note 3, came to a halt during the third quarter, staying at the same level as the previous quarter…
The South Korean company, which is the world’s largest maker of smartphones, memory chips and televisions, said Friday its July-September net profit rose 25 per cent over a year earlier to 8 trillion won ($7.5 billion).
It was the seventh quarter in a row that Samsung posted record earnings. Growth was driven by semiconductors and sales of cheaper smartphones in contrast to previous quarters that relied on premium smartphones.
Third-quarter profit from its semiconductor business doubled over a year earlier to 2.06 trillion won as demand rose for memory chips used in mobile devices, servers and digital game consoles.
Samsung’s mobile business posted a record profit, contributing nearly 70 per cent of the company’s total operating profit.
However, growth in premium smartphones, the Galaxy S4 and the Galaxy Note 3, came to a halt during the third quarter, staying at the same level as the previous quarter…
Struggling small wireless operator Mobilicity has been granted a longer period by an Ontario court to restructure its business or complete a sale of its assets.
Business Highlights
– canadianbusiness.com
___
Twitter sets $17 to $20 per share range for IPO
NEW YORK (AP) — Twitter set a price range of $17 to $20 per share for its much-anticipated initial public offering and says it could raise as much as $1.6 billion in the process.
The company said in a regulatory filing Thursday that it is putting forth 70 million shares in the offering. If all the shares are sold, the underwriters can buy another 10.5 million shares.
At the $20 share price, Twitter’s market value is around $12.5 billion. That’s based on 625.2 million outstanding shares expected after the offering, including restricted stock units and stock options.
Twitter’s valuation is relatively conservative — some analysts had expected the figure to be as high as $20 billion.
The caution shows that Twitter learned from Facebook’s rocky initial public offering last year. Rather than set expectations too high, Twitter is playing it safe and will very likely raise its price range closer to the IPO, and thus fuel demand…
Twitter sets $17 to $20 per share range for IPO
NEW YORK (AP) — Twitter set a price range of $17 to $20 per share for its much-anticipated initial public offering and says it could raise as much as $1.6 billion in the process.
The company said in a regulatory filing Thursday that it is putting forth 70 million shares in the offering. If all the shares are sold, the underwriters can buy another 10.5 million shares.
At the $20 share price, Twitter’s market value is around $12.5 billion. That’s based on 625.2 million outstanding shares expected after the offering, including restricted stock units and stock options.
Twitter’s valuation is relatively conservative — some analysts had expected the figure to be as high as $20 billion.
The caution shows that Twitter learned from Facebook’s rocky initial public offering last year. Rather than set expectations too high, Twitter is playing it safe and will very likely raise its price range closer to the IPO, and thus fuel demand…
Weekend Reading – Podcasts, deadly shopping sins and Google billionaires
– myownadvisor.ca
Welcome to the Weekend Reading list. Here are some interesting articles I read this past week from the blogosphere. I hope you enjoy them. Take care and I’ll be back next week.
Here are 20 important financial things to do every year.
My University Money had Jon Chevreau on their podcast. I might get a chance to talk to them this winter.
Mo’ Money Mo Houses wrote about seven deadly sins of….shopping.
With stocks, Andrew Hallam said bigger isn’t always better.
Google’s recent stock price surge (over $1,000 USD per share) made the co-founders another $6-billion dollars.
Rob Carrick told us about Guaranteed Investment Certificates (GICs). Something I didn’t know is Guaranteed Interest Accounts (GIAs), insurance company GICs, offer estate planning benefits: upon death, the proceeds from a GIA would be paid directly and without probate, legal and other legal estate fees to the designated beneficiary. GIA deposits are insured for amounts up to $100,000.
Boomer & Echo listed four great personal finance and investing resources…
Here are 20 important financial things to do every year.
My University Money had Jon Chevreau on their podcast. I might get a chance to talk to them this winter.
Mo’ Money Mo Houses wrote about seven deadly sins of….shopping.
With stocks, Andrew Hallam said bigger isn’t always better.
Google’s recent stock price surge (over $1,000 USD per share) made the co-founders another $6-billion dollars.
Rob Carrick told us about Guaranteed Investment Certificates (GICs). Something I didn’t know is Guaranteed Interest Accounts (GIAs), insurance company GICs, offer estate planning benefits: upon death, the proceeds from a GIA would be paid directly and without probate, legal and other legal estate fees to the designated beneficiary. GIA deposits are insured for amounts up to $100,000.
Boomer & Echo listed four great personal finance and investing resources…
