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Trading is Nothing But a Game of Risk Management Nov 20th
This statement may go against the ideology of all the pro traders in the Forex trading business. We are not here to change right and wrong. We are here to talk about what is right and inspire every trader to work in the correct way within the trading process. It is money we are talking about. Readin.... More »
Why are mortgages so expensive in Canada? + MORE Sep 26th
Interest rates have trended steadily lower over the late summer, and as a result, Canadians are finding it slightly easier to buy real estate. Prices are coming down, but Canadian mortgages are still expensive.
This is according to the latest home affordability report compiled by Ratehub (which o.... More »
How do you take RDSP withdrawals? + MORE Jun 12th
Registered disability savings plans (RDSPs) were created in the 2007 federal budget, and the first accounts were opened in December 2008. It took a while for financial institutions to offer them and, even now, you cannot open RDSPs everywhere.
Most Canadians with RDSPs have only ever deposi.... More »
How to Make Your Business Inflation-Proof + MORE Oct 17th
Pivoting through the economic challenges brought on by the pandemic, businesses have shown a great deal of creativity and resilience over the last two years. As Canada’s road to recovery continues, entrepreneurs and larger businesses alike must now confront the latest challenge—inflation.
In .... More »
OAS payment dates in 2024 and 2025, and more to know about Old Age Security + MORE Nov 4th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Ford’s 1Q net income falls on strong US dollar, lower sales in most regions
– canadianbusiness.com
DEARBORN, Mich. – Ford’s net income fell 6.5 per cent to $924 million in the first quarter, hurt by lower sales and the impact of a stronger U.S. dollar.
But the Dearborn-based automaker says the picture should improve as the year progresses, and it still is aiming for a full-year pretax profit of $8.5 to $9.5 billion, up from $6.3 billion in 2014.
“We feel we are very much on track to that breakthrough year we talked about,” Chief Financial Officer Bob Shanks said Tuesday.
First-quarter earnings of 23 cents per share, compared with earnings of 25 cents per share in the same quarter a year ago. That was short of Wall Street’s expectations. Analysts surveyed by FactSet forecast earnings of 26 cents per share.
One reason for the miss: Analysts forecast a tax rate of 29 per cent for the quarter, but Ford’s actual rate was 34 per cent. That difference was worth about 2 cents per share, the company said.
Revenue fell by 5 per cent, or $2 billion, to $33.9 billion…
But the Dearborn-based automaker says the picture should improve as the year progresses, and it still is aiming for a full-year pretax profit of $8.5 to $9.5 billion, up from $6.3 billion in 2014.
“We feel we are very much on track to that breakthrough year we talked about,” Chief Financial Officer Bob Shanks said Tuesday.
First-quarter earnings of 23 cents per share, compared with earnings of 25 cents per share in the same quarter a year ago. That was short of Wall Street’s expectations. Analysts surveyed by FactSet forecast earnings of 26 cents per share.
One reason for the miss: Analysts forecast a tax rate of 29 per cent for the quarter, but Ford’s actual rate was 34 per cent. That difference was worth about 2 cents per share, the company said.
Revenue fell by 5 per cent, or $2 billion, to $33.9 billion…
Middle class in India, China driving iPhone sales: Apple CEO Tim Cook – Times of India
– news.google.ca
Times of IndiaMiddle class in India, China driving iPhone sales: Apple CEO Tim CookTimes of IndiaNEW YORK: Middle class and first time smartphone buyers in emerging markets such as India and China were among the major drivers of iPhone sales in January-March period with the momentum expected to continue, Apple CEO Tim Cook has said. Cook …Five things you need to know about Apple's fiscal performanceIrish TimesApple Earnings Surge 33% on iPhone SalesWall Street Journal23 essential facts from Apple's Q2 fiscal callComputerworldCNETall 1,161 news articles »
When Apple met China
– macleans.ca
All hail the mighty Apple, producer of non-stop revenue, profits, smart watches, and lots of iPhones: lots and lots and lots of iPhones. More than 60 million iPhones, to be specific, just in the last three months alone.And all hail China, source of a massive, and ever-growing, market for those iPhones: and now the U.S.’ chief rival for Apple enthusiasm. Lest we forget, this quarter has not been about the much-hyped Apple Watch – but about good, old fashioned smart phones.
Today, we’ll tally up the sales and costs of a giant, as well as looking at the tactics of 3G, the company behind the merger of Tim Hortons and Burger King, after they reported quarterly earnings yesterday. We’ll also get excited for the U.K. election or, failing that, will contemplate the age-old question of whether bankers make good politicians. (It’s a skeptical kind of Tuesday.)
Today, the Fed’s meeting begins, and the rate announcement (or lack thereof) will come tomorrow, so prepare for Janet Yellen watching on Wednesday…
Canadian dollar rises ahead of open at Toronto Stock Exchange
– canadianbusiness.com
TORONTO – The Canadian dollar was up about one-third of a cent before the beginning of trading at the Toronto Stock Exchange.
The loonie traded at 82.95 cents US, up 0.31 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 59 points at 17,931.0, the Nasdaq futures gell 4.50 points to 4,520.3, and the S&P 500 futures declined 7.1 points to 2,097.6.
On the commodity markets, the June crude contract was down 12 cents at US$56.87 a barrel and the June gold contract fell 30 cents to US$1,202.90 an ounce ahead of the TSX open.
The S&P/TSX composite index closed Monday at 15,344.08, after falling 64.25 points.
The post Canadian dollar rises ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 82.95 cents US, up 0.31 of a U.S. cent from Monday’s close.
The Dow Jones industrial futures were down 59 points at 17,931.0, the Nasdaq futures gell 4.50 points to 4,520.3, and the S&P 500 futures declined 7.1 points to 2,097.6.
On the commodity markets, the June crude contract was down 12 cents at US$56.87 a barrel and the June gold contract fell 30 cents to US$1,202.90 an ounce ahead of the TSX open.
The S&P/TSX composite index closed Monday at 15,344.08, after falling 64.25 points.
The post Canadian dollar rises ahead of open at Toronto Stock Exchange appeared first on Canadian Business – Your Source For Business News.
Women on corporate boards are more likely than men to seek advice
– canadianbusiness.com
(Illustration by Kagan McLeod)When it comes to high-level business decisions, it seems the stereotype holds true: Women are more likely than men to stop and ask for help.
According to a joint study from the University of British Columbia and the University of Utah, corporate boards that include women are more likely to seek help from financial advisers when faced with a takeover offer. The researchers noted that even a 10% increase in female directors on a board is linked to an increase in the likelihood of engaging a top-ranked advisor.
The researchers pointed out that when women were present on a board that was doing the bidding for a company, there was no significant association with the engagement of top-ranked advisors. Key takeaway: It’s wise to solicit outside opinions during a takeover, as a board could potentially face litigation if it doesn’t get a high enough price. Going it alone, the authors suggest, is a symptom of overconfidence. Hear that, fellas?
MORE ABOUT WOMEN IN BUSINESS AND WORKPLACE CULTURE:
Women now hold one in five corporate board seats in Canada
The office comedian is helping your team reach its targets
Women with more kids are more productive at work
Powerful people find themselves more inspirational
How to hire—and retain—the next generation of great female executives
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