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10 years after expropriation, Abitibi waste still in the ground Jan 13th
Ten years ago, when Abitibi Consolidated announced it was closing its Grand Falls-Windsor paper mill, the Danny Williams government reacted by expropriating the company's assets..... More »
Toronto's housing market tightened in March despite falling prices Apr 7th
Toronto's real estate board says it's too hard to say if prices have 'bottomed out,' but sales ticked up in March while new listings fell by double digits..... More »
China reins in lending for stock trading as it winds down measures to stop market slide + MORE Nov 13th
BEIJING, China – China tightened limits Friday on lending to finance stock purchases in its latest step to wind down emergency measures aimed at stopping a market plunge.
The maximum size of such “margin lending” will be cut by half to the equivalent of the amount of cash an invest.... More »
China grabs a bigger share of the indexes + MORE Jun 24th
(Getty Images)
Traditional international index funds assign a weight to each country based on the size of its stock market. But in the case of China, that’s a bit misleading. Despite having the world’s second-largest economy, China has a relatively small number of publicly traded companies. More.... More »
13.8M goal set for Obama’s final health care sign-up season + MORE Oct 19th
WASHINGTON – The Obama administration has set its goal for the president’s final health care sign-up season.
Health and Human Services Secretary Sylvia Burwell says she expects 13.8 million people to sign up.
This is shaping up to be the most challenging sign-up season since HealthCare.g.... More »
The Next McDonald's Turnaround
– online.wsj.com
Shake Shack’s IPO is good news for anybody whose business is burgers and fries.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.
Obama plans 19% tax on U.S. companies’ foreign earnings
– theglobeandmail.com
Fiscal budfet is seen as much a political document as a fiscal roadmap
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.
Traders to concentrate on oilpatch earnings/outlooks, January jobs data
– canadianbusiness.com
TORONTO – Earnings news and a heavy slate of economic data will set the tone on stock markets this week.
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor’s earnings are expected to come in at 43 cents, a long way from last year’s 66 cents.
But the big question is what sort of outlook can be expected in an environment where oil prices have plunged about 40 per cent just since the end of November. That is when OPEC ruled out cutting production levels to support prices that had already started to fall sharply from the highs of last summer.
“With the volatility in oil prices, it’s going to be near impossible for any oil company to give accurate guidance as to where things are going to go,” said Kash Pashootan, portfolio manager at Raymond James in Ottawa…
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor’s earnings are expected to come in at 43 cents, a long way from last year’s 66 cents.
But the big question is what sort of outlook can be expected in an environment where oil prices have plunged about 40 per cent just since the end of November. That is when OPEC ruled out cutting production levels to support prices that had already started to fall sharply from the highs of last summer.
“With the volatility in oil prices, it’s going to be near impossible for any oil company to give accurate guidance as to where things are going to go,” said Kash Pashootan, portfolio manager at Raymond James in Ottawa…
