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Why “unretirement” may be the fate of so many Canadians Mar 13th
The idea of “unretirement” seems to be making a comeback as more Canadians find themselves under economic stress. Even before the tariff threats emerged under Trump 2.0, seniors and near-retirees were finding the economic uncertainty and rising cost of living becoming uncomfortable. No surprise .... More »
Even Ford Motor Co. is concerned about Canadians’ car loan debt + MORE Mar 31st
F-150 pickup trucks on the lot at a Ford dealership. (David Zalubowski/AP/CP)
Ford Motor Co. has joined financial regulators in raising concerns over Canadians’ appetites for longer-term loans to finance the purchase of new vehicles.
Regulators have warned in recent years about debt-burdened consu.... More »
RRSP.ORG – Registered Retirement Savings Plan Dec 2nd
Registered Retirement Savings Plan
RRSP.ORG
Canadian Registered Retirement Savings Plan Organization is exactly that; the organization part of the best gift Canadian’s could get from the government to promote and encourage Canadian capital markets. Registered is the keyword and tax differed is.... More »
Bullish on Best Buy + MORE Dec 30th
A technical look at the stock
.... More »
Never made a budget before? Here are a few budgeting basics for post-secondary students + MORE Aug 17th
Budgeting is probably the most important financial skill every student needs to learn because it’s the cornerstone of financial security and, eventually, success. And, if you learn how to manage a tight budget while in school, you should be able to master budgeting for the rest of your life..... More »
Warren Buffet’s Berkshire Hathaway reduces its stake in Tesco to under 3 per cent
– canadianbusiness.com
LONDON – Warren Buffett’s Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 per cent, offering a fresh slap to the struggling company.
Buffett’s move, revealed in a regulatory filing Thursday, was not unexpected. He told CNBC this month that his investment in the supermarket giant was “a huge mistake by me.”
Buffett’s stake is down from 3.2 per cent earlier this week and 5.1 per cent last year.
The sale comes as Tesco investigates why half-year profit was overstated by 250 million pounds ($407 million). Eight executives have been swept up into the probe.
Tesco, one of the world’s largest retailers, has issued a series of profit warnings, and its stock price has fallen by about 50 per cent in the past year as it struggles to compete with low-cost rivals.
The post Warren Buffet’s Berkshire Hathaway reduces its stake in Tesco to under 3 per cent appeared first on Canadian Business.
Buffett’s move, revealed in a regulatory filing Thursday, was not unexpected. He told CNBC this month that his investment in the supermarket giant was “a huge mistake by me.”
Buffett’s stake is down from 3.2 per cent earlier this week and 5.1 per cent last year.
The sale comes as Tesco investigates why half-year profit was overstated by 250 million pounds ($407 million). Eight executives have been swept up into the probe.
Tesco, one of the world’s largest retailers, has issued a series of profit warnings, and its stock price has fallen by about 50 per cent in the past year as it struggles to compete with low-cost rivals.
The post Warren Buffet’s Berkshire Hathaway reduces its stake in Tesco to under 3 per cent appeared first on Canadian Business.
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
Nestle reports 3 per cent sales drop but steady organic growth despite strong Swiss franc
– canadianbusiness.com
GENEVA – Nestle S.A., the world’s biggest food and drink company, on Thursday reported a 3-per cent drop in group sales for the first nine months of the year, impacted by weakness in currencies against the Swiss franc and other costs.
The Vevey, Switzerland-based company said it had sales of 66.2 billion francs, down from 68.35 billion francs in the same period a year ago, which also reflects weak consumer spending. But Nestle said it had 4.5 per cent organic sales growth, which does not reflect acquisitions and currency fluctuations.
CEO Paul Bulcke said Thursday the outlook for the full year remains about 5 per cent organic growth with improvement in margins, underlying earnings per share when measured in constant exchange rates and capital efficiency.
The company said the strong Swiss franc, which the nation has sought to weaken, had a “substantial negative foreign exchange” impact of 7.5 per cent on sales. It doesn’t report earnings for the nine-month period…
The Vevey, Switzerland-based company said it had sales of 66.2 billion francs, down from 68.35 billion francs in the same period a year ago, which also reflects weak consumer spending. But Nestle said it had 4.5 per cent organic sales growth, which does not reflect acquisitions and currency fluctuations.
CEO Paul Bulcke said Thursday the outlook for the full year remains about 5 per cent organic growth with improvement in margins, underlying earnings per share when measured in constant exchange rates and capital efficiency.
The company said the strong Swiss franc, which the nation has sought to weaken, had a “substantial negative foreign exchange” impact of 7.5 per cent on sales. It doesn’t report earnings for the nine-month period…
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
A Year of Living on the Brink
– online.wsj.com
Ebola, ISIS, Ukraine, a stock-market wipeout—there’s nowhere to hide.
