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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Denmark’s AP Moller-Maersk says Q3 profit rises by 21 pct, raises full-year forecast
– canadianbusiness.com
COPENHAGEN – Denmark’s shipping and oil group A.P. Moller-Maersk says its profits rose by 21 per cent in the third quarter amid strong bottom-line results from its terminal, container shipping and drilling activities.
The Copenhagen-based group says net profit increased to 6.7 billion Danish kroner ($1.2 billion) from 5.6 billion kroner a year earlier and raised its earnings forecast for the full year to $3.5 billion from $3.3 billion.
Revenue dropped by 6 per cent to 82.1 billion kroner from 87.3 billion kroner, partly due to lower container freight rates and lower share of oil production.
It said most of its businesses performed well, except Maersk Oil which saw its profits fall due to a lower share of production from its fields.
The post Denmark’s AP Moller-Maersk says Q3 profit rises by 21 pct, raises full-year forecast appeared first on Canadian Business.
The Copenhagen-based group says net profit increased to 6.7 billion Danish kroner ($1.2 billion) from 5.6 billion kroner a year earlier and raised its earnings forecast for the full year to $3.5 billion from $3.3 billion.
Revenue dropped by 6 per cent to 82.1 billion kroner from 87.3 billion kroner, partly due to lower container freight rates and lower share of oil production.
It said most of its businesses performed well, except Maersk Oil which saw its profits fall due to a lower share of production from its fields.
The post Denmark’s AP Moller-Maersk says Q3 profit rises by 21 pct, raises full-year forecast appeared first on Canadian Business.
Denmark’s Carlsberg says Q3 profits rise 3 per cent despite challenging market conditions
– canadianbusiness.com
COPENHAGEN – Denmark’s Carlsberg A/S says its stringent control of costs helped it modestly increase profit in the third quarter in spite of uncertain market conditions.
The Copenhagen-based brewer said Wednesday net profit during the quarter rose 3 per cent to 2.2 billion Danish kroner ($395 million) from 2.1 billion kroner from the same period the year before.
The rise came despite an equivalent fall in revenues to 18 billion kroner.
Carlsberg said more favourable weather in Western European markets helped its business. However, it said the trading environment remained challenging in Eastern Europe, especially Russia, which continued to be impacted by outlet closures and waning economic growth.
CEO Joergen Buhl Rasmussen said he was satisfied the group could deliver earnings growth considering the conditions and that Carlsberg maintains a solid market share.
The post Denmark’s Carlsberg says Q3 profits rise 3 per cent despite challenging market conditions appeared first on Canadian Business.
The Copenhagen-based brewer said Wednesday net profit during the quarter rose 3 per cent to 2.2 billion Danish kroner ($395 million) from 2.1 billion kroner from the same period the year before.
The rise came despite an equivalent fall in revenues to 18 billion kroner.
Carlsberg said more favourable weather in Western European markets helped its business. However, it said the trading environment remained challenging in Eastern Europe, especially Russia, which continued to be impacted by outlet closures and waning economic growth.
CEO Joergen Buhl Rasmussen said he was satisfied the group could deliver earnings growth considering the conditions and that Carlsberg maintains a solid market share.
The post Denmark’s Carlsberg says Q3 profits rise 3 per cent despite challenging market conditions appeared first on Canadian Business.
GDF Suez warns on full-year profit after 9-month earns slump
– canadianbusiness.com
PARIS – GDF Suez warns that it still expects earnings this year to be well below last year’s amid power outages and further expected asset write-downs.
In a statement Wednesday the Franco-Belgian utility giant says both sales and operating profit slumped in the nine months to end-September and warned that “the economic and regulatory conditions continue to worsen in Europe.”
GDF Suez says recurring net income will be at the upper-end of a 3.1 billion euros ($4.2 billion) to 3.5 billion euro range. Last year it made 3.8 billion euros by that measure.
Sales slumped 4.6 per cent to 67.7 billion euros in the nine months to end-September, while earnings before interest, tax, depreciation and amortization dropped 8.8 per cent to 11.7 billion euros.
The post GDF Suez warns on full-year profit after 9-month earns slump appeared first on Canadian Business.
In a statement Wednesday the Franco-Belgian utility giant says both sales and operating profit slumped in the nine months to end-September and warned that “the economic and regulatory conditions continue to worsen in Europe.”
GDF Suez says recurring net income will be at the upper-end of a 3.1 billion euros ($4.2 billion) to 3.5 billion euro range. Last year it made 3.8 billion euros by that measure.
Sales slumped 4.6 per cent to 67.7 billion euros in the nine months to end-September, while earnings before interest, tax, depreciation and amortization dropped 8.8 per cent to 11.7 billion euros.
The post GDF Suez warns on full-year profit after 9-month earns slump appeared first on Canadian Business.
4.5 year – 2.70%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
