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Latest News
The new Canadian Mortgage Charter explained - CBC News + MORE Nov 23rd
The new Canadian Mortgage Charter explained CBC NewsWhen people are worried about job security they don't buy a new house: mortgage broker BNN BloombergCanada has a new measure to help homeowners pay their mortgages. Here’s what you need to know NOW TorontoNot all .... More »
Warren Buffett and Charlie Munger on picking winning stocks, businesses and more: Yahoo Finance - Yahoo Finance Apr 30th
Warren Buffett and Charlie Munger on picking winning stocks, businesses and more: Yahoo Finance Yahoo FinanceWarren Buffett slams Wall Street, reveals big investments at Berkshire Hathaway meeting The Globe and MailBerkshire's Charlie Munger calls stock market manipulation 'inc.... More »
Marijuana business expands beyond smoke and rolling papers: Don Pittis Jan 23rd
With new Canadian rules on cannabis legalization just around the corner, money is pouring into an increasingly complex marijuana sector. Is it a sound investment or market euphoria?.... More »
Business Highlights + MORE May 12th
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Middle class shrinks in 9 of 10 US cities as incomes fall
WASHINGTON (AP) — In cities across America, the middle class is hollowing out.
A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, accordin.... More »
Joe Mimran’s best financial advice + MORE Feb 1st
(Illustration by Ben Kirchner)
My first paycheque was a tip I received delivering groceries when I was 11 years old. I immediately bought a Coffee Crisp bar with it. Nowadays, I love to indulge in a great wine and I enjoy collecting it, too. I get great pleasure out of opening up a really beautiful .... 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.
The immense cost of keeping up during the holidays sets UPS back; cuts outlook for the year
– canadianbusiness.com
NEW YORK, N.Y. – The huge cost of ensuring timely deliveries cost UPS during the holidays and the shipping company is now cutting its outlook for the year.
Shares plunged nearly 10 per cent in premarket trading Friday.
The Atlanta company hired more workers and boosted capacity at its facilities during the busy holiday season to avoid a repeat of 2013, when shippers struggled with a deluge of orders.
UPS Inc. now expects 2014 earnings of $4.75 per share, down from its previous forecast of between $4.90 and $5 per share. Industry analysts had been looking for earnings of $4.96 per share, according to FactSet. For the fourth quarter, UPS expects earnings of $1.25 per share, well below the $1.47 per share analysts had projected.
Shares of FedEx Corp. are down more than 2 per cent.
The post The immense cost of keeping up during the holidays sets UPS back; cuts outlook for the year appeared first on Canadian Business.
Shares plunged nearly 10 per cent in premarket trading Friday.
The Atlanta company hired more workers and boosted capacity at its facilities during the busy holiday season to avoid a repeat of 2013, when shippers struggled with a deluge of orders.
UPS Inc. now expects 2014 earnings of $4.75 per share, down from its previous forecast of between $4.90 and $5 per share. Industry analysts had been looking for earnings of $4.96 per share, according to FactSet. For the fourth quarter, UPS expects earnings of $1.25 per share, well below the $1.47 per share analysts had projected.
Shares of FedEx Corp. are down more than 2 per cent.
The post The immense cost of keeping up during the holidays sets UPS back; cuts outlook for the year appeared first on Canadian Business.
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.
Brookfield to buy Johnson Control’s half of joint venture as part of new thrust
– canadianbusiness.com
TORONTO – Brookfield Asset Management Inc. (TSX:BAM.A) says it’s planning to create a new global facilities management business, which will include a Canadian and Australian business that it has jointly owned with Johnson Controls Inc.
Brookfield says it will pay US$200 million to buy the other half of the joint venture that it has had with Johnson Controls and then launch its new initiative on a large-scale in the United States and Europe.
The company is a Toronto-based alternative asset manager that’s focused primarily on real estate, renewable power generation and the forestry sector.
It currently has about $200 billion of assets under management, making it one of Canada’s largest asset managers. It is also one of the world’s leaders in commercial real estate management, with properties in major Canadian and U.S. cities..
Brookfield said Friday that the termination of its joint venture agreements with Johnson Controls will allow Brookfield to build on client relationships across its property portfolio…
Brookfield says it will pay US$200 million to buy the other half of the joint venture that it has had with Johnson Controls and then launch its new initiative on a large-scale in the United States and Europe.
The company is a Toronto-based alternative asset manager that’s focused primarily on real estate, renewable power generation and the forestry sector.
It currently has about $200 billion of assets under management, making it one of Canada’s largest asset managers. It is also one of the world’s leaders in commercial real estate management, with properties in major Canadian and U.S. cities..
Brookfield said Friday that the termination of its joint venture agreements with Johnson Controls will allow Brookfield to build on client relationships across its property portfolio…
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.
