How to go about securing the best return for your investment in Canada.
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Concord Development confirms plans for newly purchased Molson lands in Vancouver + MORE Apr 12th
VANCOUVER – Property developer Concord Pacific is the new owner of a prime piece of real estate on the south side of Vancouver’s False Creek, but its plans for the land may run into zoning trouble.
In a release, Concord Pacific senior vice-president Peter Webb confirms the purchase of th.... More »
Here's why Robinhood is restricting users from buying surging stocks like GameStop - Yahoo Canada Finance Jan 28th
Here's why Robinhood is restricting users from buying surging stocks like GameStop Yahoo Canada FinanceWhy a Reddit group pumped GameStop shares up 1,000% on a lark to make short sellers lose their shirts CBC.ca'This is a drastic shift' — Reddit co-founder Alexis Ohanian on W.... More »
Frankfurt WW II bomb defusal delayed as some people refuse to leave evacuation zone - CBC.ca Sep 3rd
CBC.caFrankfurt WW II bomb defusal delayed as some people refuse to leave evacuation zoneCBC.caTen of thousands of residents of Germany's financial capital Frankfurt left their homes on Sunday ahead of the planned defusing of a massive Second World War bomb discovered on a building site. Bomb t.... More »
Banking boss says firms preparing to leave UK before EU exit + MORE Oct 23rd
LONDON – The head of the British Bankers’ Association has warned that financial firms are planning to start leaving London within weeks because of uncertainty about the U.K.’s exit from the European Union.
Chief executive Anthony Browne said in an article published Sunday that bank.... More »
Air Canada says its new loyalty program will help to increase share price further + MORE Apr 30th
Air Canada's move to launch its own loyalty program in 2020 will help to attract more foreign investors who will bolster its stock price, CEO Calin Rovinescu said Monday..... More »
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Industrial valve maker Velan Q3 profit down at US$4.8M; revenue up at US$127.3M
– canadianbusiness.com
MONTREAL – Industrial valve maker Velan Inc. (TSX:VLN) says lower margins and higher administration costs resulted in a drop in year-over-year net profit in its most recent quarter.
Net earnings amounted to US$4.8 million or 22 cents per share in the three months ended Nov. 30, down from US$8.3 million or 38 cents in the comparable year-earlier period, the company said Tuesday.
Revenue rose to US$127.3 million from US$115.6 million.
“The $3.5 million decrease in net earnings is primarily attributable to a lower gross profit percentage and increased administration costs, in particular an increase in costs recognized in connection with the company’s ongoing asbestos litigation and higher sales commissions resulting from the increased sales output in the quarter,” Velan said in remarks accompanying its earnings.
It said the US$11.7 million or 10.1 per cent increase in sales was due to the shipment of large export orders in the quarter.
Montreal-based Velan has manufacturing plants in 10 countries and employs about 2,000 people…
Net earnings amounted to US$4.8 million or 22 cents per share in the three months ended Nov. 30, down from US$8.3 million or 38 cents in the comparable year-earlier period, the company said Tuesday.
Revenue rose to US$127.3 million from US$115.6 million.
“The $3.5 million decrease in net earnings is primarily attributable to a lower gross profit percentage and increased administration costs, in particular an increase in costs recognized in connection with the company’s ongoing asbestos litigation and higher sales commissions resulting from the increased sales output in the quarter,” Velan said in remarks accompanying its earnings.
It said the US$11.7 million or 10.1 per cent increase in sales was due to the shipment of large export orders in the quarter.
Montreal-based Velan has manufacturing plants in 10 countries and employs about 2,000 people…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
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.
