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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Aimia reports first-quarter loss of $16.3M; ups quarterly dividend 5.9%
– canadianbusiness.com
MONTREAL – Travel rewards company Aimia Inc. (TSX:AIM) is increasing its dividend almost six per cent despite swinging to a loss in the first quarter on revenue that was relatively flat year over year.
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
Aimia, which owns and operates the Aeroplan rewards program in Canada and operates or has stakes in other such programs around the world, reported after markets closed Tuesday that it had a net loss of $16.3 million or 13 cents per share in the quarter.
That was a reversal of its results a year ago when it posted a first-quarter profit of $45.7 million or 22 cents per share.
Total revenue for the three months ended March 31 slumped slightly to $608.9 million from $609.5 million in the same 2013 period.
Despite the net loss, Aimia reported higher gross billings and an increase in adjusted earnings and said it was increasing its quarterly dividend a penny, or 5.9 per cent, to 18 cents per share “in line with annual policy.”
Adjusted net earnings were 48 cents, up from 27 cents a year ago and well above analyst expectations of 34 cents, according to a survey by Thomson Reuters…
Grupo Bimbo's takeover of Canada Bread approved
– theglobeandmail.com
Investment Canada Act approval was final obstacle to $1.83-billion deal
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.
120 days – 1.70%
– 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.
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.
