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Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse - CBC Jan 14th
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse CBCSaks files for bankruptcy, leaving the future of its stores up in the air Yahoo! Finance CanadaSaks Global files for bankruptcy amid luxury market strains CNNWhat Does the Sa.... More »
Investors say 'fake' experts on local radio shows conned them out of millions Feb 17th
Dozens of Ontario investors say they were conned out of millions of dollars after fraudsters using fake names were featured as investment "experts" on their favourite radio stations — on shows listeners say sounded like news but were actually infomercials..... More »
Berkshire Hathaway’s 1Q profit up 8 per cent on paper gain May 1st
OMAHA, Neb. – Berkshire Hathaway’s first-quarter profit grew 8 per cent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
CEO Warren Buffett offered a preview of the first-quarter results .... More »
New Zealand posts budget surplus for first time since 2008; government plans to pay down debt + MORE Oct 13th
WELLINGTON, New Zealand – New Zealand’s government on Wednesday posted a budget surplus for the first time since 2008, fulfilling a financial target it set itself after borrowing billions of dollars to pay for the fallout from the global financial crisis and a devastating earthquake.
The.... More »
Why dividend investing works for me. Period. + MORE Jun 1st
Fans of this site know I take a two-pronged approach to investing.
For one I use Exchange Traded Funds (ETFs) for a portion of my portfolio. I use ETFs and likely always will for these reasons:
I can achieve market performance less miniscule money management fees,
I can obtain great diversificati.... More »
Traders look to another heavy slate of earnings news following solid gain
– canadianbusiness.com
Investors hope markets can build on the respectable gains chalked up last week after getting reassurance about the Chinese and U.S. economies.
Traders will again focus on corporate earnings as big Canadian companies start to release quarterly reports.
North American markets racked up solid gains last week, with the TSX ahead 1.7 per cent while the Dow industrials ran ahead 2.4 per cent, partly because Chinese economic growth in the first quarter came in better than expected. Also, the U.S. Federal Reserve’s latest regional survey showed that the American economy picked up over the past two months as bitter winter weather subsided.
It was a positive change from the previous week when U.S. indexes sustained sharp losses as traders rotated out of expensive biotechs and technology stocks.
The major Canadian reports this week will come from Teck Resources (TSX:TCK.B) and Canadian Pacific Railway (TSX:CP).
Teck’s share price has suffered over the last 52 weeks, coming down from a high of $31…
Traders will again focus on corporate earnings as big Canadian companies start to release quarterly reports.
North American markets racked up solid gains last week, with the TSX ahead 1.7 per cent while the Dow industrials ran ahead 2.4 per cent, partly because Chinese economic growth in the first quarter came in better than expected. Also, the U.S. Federal Reserve’s latest regional survey showed that the American economy picked up over the past two months as bitter winter weather subsided.
It was a positive change from the previous week when U.S. indexes sustained sharp losses as traders rotated out of expensive biotechs and technology stocks.
The major Canadian reports this week will come from Teck Resources (TSX:TCK.B) and Canadian Pacific Railway (TSX:CP).
Teck’s share price has suffered over the last 52 weeks, coming down from a high of $31…
90 days – 1.60%
– ratesupermarket.ca
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.
60 days – 1.55%
– ratesupermarket.ca
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.
U.S. investors warming up to Air Canada’s promise, says New York analyst
– canadianbusiness.com
MONTREAL – Air Canada’s financial promise is piquing the interest of U.S. institutional investors seeking a way to profit from the turnaround of another North American carrier, according to a New York analyst.
Helane Becker of Cowen and Company is optimistic that Air Canada’s drive to cut costs by 15 per cent — which she estimates will net nearly $2 billion in the next few years — will improve earnings and help reduce its share discount compared with U.S. network carriers.
“Even if everything else stays exactly flat, revenues don’t grow, you’re talking about an awful lot of money that can fall to the bottom line and a stock that can really take off and I think there are a lot of big investors that are looking for new ideas that can invest in Toronto and Canada,” she said in an interview after initiating coverage last week.
The long-time WestJet (TSX:WJA) analyst expects Air Canada (TSX:AC.B) will follow the strategy of U.S. carriers by cutting costs, paying down debt and returning capital to shareholders through a dividend or by buying back its shares, starting in late 2015 or early 2016…
Helane Becker of Cowen and Company is optimistic that Air Canada’s drive to cut costs by 15 per cent — which she estimates will net nearly $2 billion in the next few years — will improve earnings and help reduce its share discount compared with U.S. network carriers.
“Even if everything else stays exactly flat, revenues don’t grow, you’re talking about an awful lot of money that can fall to the bottom line and a stock that can really take off and I think there are a lot of big investors that are looking for new ideas that can invest in Toronto and Canada,” she said in an interview after initiating coverage last week.
The long-time WestJet (TSX:WJA) analyst expects Air Canada (TSX:AC.B) will follow the strategy of U.S. carriers by cutting costs, paying down debt and returning capital to shareholders through a dividend or by buying back its shares, starting in late 2015 or early 2016…
30 days – 1.50%
– ratesupermarket.ca
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.
