The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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After a successful pilot project last summer, Royal Bank (TSX:RBC) is rollin.... More »
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Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
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How the federal budget will affect families + MORE Mar 25th
Andrew Francis Wallace/Toronto Star/GetStock
This article was originally published at MoneySense.ca.
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Yamana cites big tax impact in US$135.2M Q1 loss; revenue rises to US$451.8M
– canadianbusiness.com
TORONTO – Yamana Gold Inc. (TSX:YRI) has reported a big increase in its first-quarter net lost compared with a year ago, citing the impact of non-cash, unrealized foreign exchange loses related to deferred incomes taxes in several jurisdictions.
The Toronto-based miner said Tuesday after markets closed that its net loss was US$135.2 million or 15 cents per diluted share in the period ended March 31, including US$96.4 million related to the tax issue.
That compared with a net loss from continuing operations attributable to Yamana equity holders of US$31.4 million or four cent per share in the same 2014 period.
The company said its adjusted loss from continuing operations was US$37.5 million or four cents per share compared with adjusted earnings of $9.9 million or a penny per share in the prior-year quarter, reflecting lower metals prices partially offset by higher sales volumes.
Revenue rose to US$451.8 million from $353.9 million as a result of the higher sales volumes.
The post Yamana cites big tax impact in US$135…
The Toronto-based miner said Tuesday after markets closed that its net loss was US$135.2 million or 15 cents per diluted share in the period ended March 31, including US$96.4 million related to the tax issue.
That compared with a net loss from continuing operations attributable to Yamana equity holders of US$31.4 million or four cent per share in the same 2014 period.
The company said its adjusted loss from continuing operations was US$37.5 million or four cents per share compared with adjusted earnings of $9.9 million or a penny per share in the prior-year quarter, reflecting lower metals prices partially offset by higher sales volumes.
Revenue rose to US$451.8 million from $353.9 million as a result of the higher sales volumes.
The post Yamana cites big tax impact in US$135…
Genworth posts first profit in three quarters but it’s still a ‘show-me story’
– theglobeandmail.com
First-quarter operating profit, which excludes some investment results, was 31 cents a share, beating the 25-cent average estimate of 10 analysts surveyed by Bloomberg
Twitter shares sold off almost 20 per cent on Tuesday after the company apparently released its quarterly earnings early, and the numbers were much lower than analysts had been expecting.
Why you shouldn’t pick mutual funds based on past performance
– theglobeandmail.com
Author John Bogle says most winning funds lose their market-beating mojo. So Mr. Bogle says most investors should buy index funds instead
Mark Bishop to replace Acadian Timber’s longtime CEO Reid Carter
– canadianbusiness.com
VANCOUVER – Acadian Timber Corp. (TSX:ADN) has announced that longtime chief executive Reid Carter is stepping down at the end of the week.
The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday.
Bishop has more than 25 years of forest industry experience, including the last seven with Brookfield Asset Management (TSX:BAM.A), Acadian’s manager.
In addition to his new role, Bishop will continue to lead Brookfield’s timberland business development activities outside of North America.
Carter, who steps down after nine years as CEO, will continue to lead Brookfield’s timberlands platform and intends to remain on Acadian’s board, the company said.
News of the change at the top came as Acadian reported swinging to a net loss of $2.9 million or 17 cents per share in the three months ended March 28, compared with a net profit of $697,000 or four cents per share in the comparable year-earlier period…
The company said in its earnings reported issued Tuesday after markets closed that Mark Bishop will become president and CEO effective on Friday.
Bishop has more than 25 years of forest industry experience, including the last seven with Brookfield Asset Management (TSX:BAM.A), Acadian’s manager.
In addition to his new role, Bishop will continue to lead Brookfield’s timberland business development activities outside of North America.
Carter, who steps down after nine years as CEO, will continue to lead Brookfield’s timberlands platform and intends to remain on Acadian’s board, the company said.
News of the change at the top came as Acadian reported swinging to a net loss of $2.9 million or 17 cents per share in the three months ended March 28, compared with a net profit of $697,000 or four cents per share in the comparable year-earlier period…
