Intact Financial Corp. Q1 results hit by the severe winter weather + MORE May 7th

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Compare the best GIC rates in Canada 2022 Jan 5th

How to use this tool: Simply scan the table below to view GIC interest rates offered by financial institutions across Canada. Click on one of the tabs at the top of the table to focus on your choice of non-registered, registered, TFSA-eligible or U.S. GICs. Or, follow the prompts in the six fields a.... More »

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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.

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TORONTO – Intact Financial Corp. (TSX:IFC) reported a first-quarter profit of $160 million, down from a year ago as the company said the harsh winter weather took its toll.
The property and casualty insurance company earned $1.17 per share for the quarter ended March 31, down from $174 million or $1.27 per share in the first quarter of 2013.
Excluding integration and restructuring costs and other one-time costs, Intact said it earned an adjusted profit of $1.23 per share, down 10 per cent from $1.36 a year ago.
Revenue totalled $1.98 billion, up from $1.86 billion a year ago, helped by higher net earned premiums and investment gains.
“Our home insurance portfolio performed very well despite significant property damages incurred as a result of extreme cold temperatures and rapid thaw events,” CEO Charles Brindamour said in a news release on Wednesday.
“The performance of our auto insurance portfolio remained healthy despite the increased number of automobile accidents due to icy driving conditions…

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TORONTO – Brookfield Asset Management Inc. (TSX:BAM.A) said Wednesday it earned $843 million in its latest quarter, up from $697 million a year ago.
The company said the profit amounted to 80 per diluted share for the quarter ended March 31, up from 51 cents per diluted share a year ago.
Brookfield said the increase was due in part to an increase in the value on its office and retail properties and private equity investments, offset in part due to a change in tax rates.
Revenue totalled $4.37 billion, up from $4.95 billion in the first three months of 2013.
Funds from operations totalled $492 million or 72 cents per share, down from $689 million or $1.03 per share a year ago when the results were boosted by the sale of part of its renewable energy portfolio.
“Our global portfolio of real assets turned in a strong performance, including a significant increase in fee revenues and the contribution from our renewable energy investments,” Brookfield chief executive Bruce Flatt said in a statement…

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COPENHAGEN – Danish brewer Carlsberg says uncertainty in its vast Russian market led to a loss of 67 million kroner ($12.49 million) in the first quarter of 2014.
Last year, the net profit was of 62 million kroner for the three month period ending March 31.
Revenue grew slightly to 12.9 billion kroner ($2.4 billion), from 12.7 billion kroner. Organic beer volumes for the group dropped 3 per cent.
Carlsberg said Wednesday “eastern Europe is having a further negative impact on the economies and consumer sentiment and consequently, we now assume that the Russian market will decline mid-single-digit.”
The group said it expected the results “to be impacted more negatively by currencies than previously anticipated.”
Carlsberg shares were flat at 533.50 kroner in afternoon trading in Copenhagen.
The post Tense Russian market hurts Danish brewer Carlsberg’s earnings in first quarter appeared first on Canadian Business.

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5.5 year – 2.80%

– ratesupermarket.ca

This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.

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