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.
Latest News
Bitcoin prices drop on news South Korea still considering crackdown + MORE Jan 16th
Prices of bitcoin and other digital currencies fell after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still an option..... More »
Oland lawyers launch attack on ‘house of cards’ murder conviction + MORE Oct 16th
Dennis Oland, accompanied by his mother Constance Oland, arrives for the start of his trial in Saint John, N.B. on Wednesday, Sept. 16, 2015. Oland is charged with second degree murder in the death of his father. Richard Oland, 69, was found dead in his Saint John office on July 7, 2011. (Andrew Vau.... More »
The best student credit cards in Canada for 2024 + MORE Oct 7th
When you’re at a new restaurant, do you have to see the menu before you order? Or do you eat what your foodie friend says is good, knowing it’ll be amazing? The answer can help you decide how to pick a new credit card. Some people want the ability to compare their options side-by-side; others wa.... More »
The problem with using infrastructure to stimulate the economy + MORE Jan 17th
The economy seems under intense pressure at the beginning of 2016. In the first two weeks alone, Canadian stock markets were down over 7 per cent, the dollar fell from over 72 cents to under 69 cents, oil prices fell from about $37/barrel to less than $30. In response, the government is “actively.... More »
At midday: TSX falls on lower metal, oil prices + MORE Aug 24th
Resource stocks offest gains for financials after RBC reported better-than-expected earnings
.... More »
Iamgold whacked by falling gold prices, higher costs; Q3 earnings tumble 56%
– canadianbusiness.com
TORONTO – Iamgold Corp. (TSX:IMG) reported a big drop in third-quarter revenue and earnings, citing lower prices for gold and higher operating costs.
The Toronto-based miner, which reports in U.S. dollars, said Tuesday that net earnings attributable to shareholders fell 68 per cent to US$25.3 million or seven cents per share in the period ended Sept. 30.
That compared with net earnings of $78 million or 21 cents per share in the year-earlier period.
Revenue fell 13 per cent to $293.5 million from $336.2 million as lower gold prices were only partially offset by a higher volume of sales.
The cost of sales for the third quarter was $218.3 million, up $33.1 million from the same prior-year period, primarily the result of higher operating costs ($27 million) and higher depreciation expense ($9.7 million), partially offset by lower royalties arising from a lower average realized gold price ($3.6 million).
“We had a good quarter despite the challenging environment in our industry,” president and CEO Steve Letwin said in the Iamgold earnings announcement, issued after stock markets closed…
The Toronto-based miner, which reports in U.S. dollars, said Tuesday that net earnings attributable to shareholders fell 68 per cent to US$25.3 million or seven cents per share in the period ended Sept. 30.
That compared with net earnings of $78 million or 21 cents per share in the year-earlier period.
Revenue fell 13 per cent to $293.5 million from $336.2 million as lower gold prices were only partially offset by a higher volume of sales.
The cost of sales for the third quarter was $218.3 million, up $33.1 million from the same prior-year period, primarily the result of higher operating costs ($27 million) and higher depreciation expense ($9.7 million), partially offset by lower royalties arising from a lower average realized gold price ($3.6 million).
“We had a good quarter despite the challenging environment in our industry,” president and CEO Steve Letwin said in the Iamgold earnings announcement, issued after stock markets closed…
Business Highlights
– canadianbusiness.com
___
As US economy plods and pay lags, companies profit
WASHINGTON (AP) — Look at the U.S. economy and you’ll notice an unusual disconnect. The economy is being slowed by a tight job market, scant pay raises and weak business investment. Yet corporate profits are reaching record highs and fueling record stock prices.
What gives?
For starters, weak job growth has held down pay. Since the recession struck six years ago, businesses have been relentless in cutting costs. They’ve also stockpiled cash rather than build new products or lines of business. And they’ve been earning larger chunks of their profits overseas.
All of which is a recipe for solid profits and tepid economic growth.
The economy grew at a meagre annual rate of just 1.8 per cent in the first half of 2013. The unemployment rate is 7.2 per cent, far above the 5 per cent to 6 per cent considered healthy. Even so, corporate profits equaled 12.5 per cent of the economy in the April-June quarter, just below a 60-year high reached two years ago…
As US economy plods and pay lags, companies profit
WASHINGTON (AP) — Look at the U.S. economy and you’ll notice an unusual disconnect. The economy is being slowed by a tight job market, scant pay raises and weak business investment. Yet corporate profits are reaching record highs and fueling record stock prices.
What gives?
For starters, weak job growth has held down pay. Since the recession struck six years ago, businesses have been relentless in cutting costs. They’ve also stockpiled cash rather than build new products or lines of business. And they’ve been earning larger chunks of their profits overseas.
All of which is a recipe for solid profits and tepid economic growth.
The economy grew at a meagre annual rate of just 1.8 per cent in the first half of 2013. The unemployment rate is 7.2 per cent, far above the 5 per cent to 6 per cent considered healthy. Even so, corporate profits equaled 12.5 per cent of the economy in the April-June quarter, just below a 60-year high reached two years ago…
Sure, Twitter has great power and reach, but can it make money? Wall Streeters are concerned
– canadianbusiness.com
NEW YORK, N.Y. – It can help overthrow dictators. But can it make money?
Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging service. Lady Gaga tweets. So does the pope.
But for all its power and reach, Twitter gushes losses — $65 million in the third quarter, nearly three times more than it lost a year ago.
As Wall Street analysts size up Twitter ahead of its first public stock sale this week, more than a few are expressing concern about the company’s lack of profits.
Those misgivings are echoed by average investors. Some 47 per cent of Americans believe Twitter won’t be a good investment, according to a recent AP-CNBC poll.
Of course, a company’s pre-IPO losses are no indication its stock will do poorly. Amazon.com had big losses before it went public 16 years ago and still occasionally posts them. Yet its stock is up more than 18,000 per cent since the IPO…
Protesters famously used Twitter to organize during the Arab Spring three years ago. President Barack Obama announced his 2012 re-election victory using the short messaging service. Lady Gaga tweets. So does the pope.
But for all its power and reach, Twitter gushes losses — $65 million in the third quarter, nearly three times more than it lost a year ago.
As Wall Street analysts size up Twitter ahead of its first public stock sale this week, more than a few are expressing concern about the company’s lack of profits.
Those misgivings are echoed by average investors. Some 47 per cent of Americans believe Twitter won’t be a good investment, according to a recent AP-CNBC poll.
Of course, a company’s pre-IPO losses are no indication its stock will do poorly. Amazon.com had big losses before it went public 16 years ago and still occasionally posts them. Yet its stock is up more than 18,000 per cent since the IPO…
Watsa’s promises add to sting of a dead BlackBerry deal
– theglobeandmail.com
The credibility of the chairman and CEO of Fairfax Financial has been dented
Since the 2008 financial crisis, household income and household wealth in OECD countries has declined, and trust in government and other institutions has taken a hit. But Canada is among the best countries when the OECD report measures well-being.
