How to go about securing the best return for your investment in Canada.
Latest News
Shares in Cameco up after Kazakhstan plans uranium production cuts + MORE Dec 4th
TORONTO _ Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production.
Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January.
Kazakhs.... More »
With schizophrenia in remission, accused Toronto financial district killer declared fit to stand trial - National Post + MORE Oct 30th
National PostWith schizophrenia in remission, accused Toronto financial district killer declared fit to stand trialNational PostRohinie Bisesar is mentally fit to stand trial, but will plead that she is not criminally responsible because of mental illness in the stabbing death three years ago of a y.... More »
Belfast: Thales missile factory to supply 5,000 air defence missiles to Ukraine - BBC.com + MORE Mar 3rd
Belfast: Thales missile factory to supply 5,000 air defence missiles to Ukraine BBC.comEurope wants to broker peace in Ukraine — and between Trump and Kyiv after the White House fiasco CNBCAfter Zelenskyy-Trump row, British PM says allies must increase 'share of the burden' t.... More »
Marijuana millionaires: The Canadian execs getting rich off the rally Feb 3rd
Dozens of key insiders have become multimillionaires within the past year as share prices have surged and the theoretical value of stock options has exploded, but the value of their dazzling fortunes can rise or fall by millions of dollars each day
.... More »
AFN head RoseAnne Archibald calls her suspension unlawful - The Globe and Mail + MORE Jul 6th
AFN head RoseAnne Archibald calls her suspension unlawful The Globe and MailFirst Nations leaders vote against Assembly of First Nations national chief's suspension CBC NewsAFN Chief brings corruption claims to annual gathering CTV NewsAssembly of First Nations meets.... More »
Some grifters are hard to spot
– moneysense.ca
Finding a good financial adviser is the key to a good financial plan. (Photo caption by Martin Barraud/Getty Images)Last fall I bought a house, and wouldn’t you know it, I didn’t even make it through my first spring without the roof leaking. So I called a big-name Toronto roofing company and they sent out an estimator to have a look.
I liked the guy as soon as I answered the door—he was affable and Irish, with a bit of a twinkle in his eye. He did a very thorough inspection of my roof before putting together a detailed written quote.
He took me through it carefully, and answered all my questions knowledgeably. By the time we got to the end of it, I was thinking I wouldn’t bother to get any more quotes. But then he told me the cost, and I almost fell over. In a calm and steady voice, he informed me that getting my little row house’s roof redone would cost me $26,000. “Thanks,” I choked out. “But I think I might get a couple more quotes before deciding.”
I did get a few more quotes, and they all fell within the $5,000 to $7,000 range…
Anheuser-Busch InBev shareholders approve Goudet as next chairman
– canadianbusiness.com
NEW YORK, N.Y. – Anheuser-Busch InBev shareholders have approved Olivier Goudet as their next chairman.
Goudet, an independent board member, succeeds Kees Storm in the post. He will serve as chairman for four years.
Goudet is the CEO of JAB Holding Co, which has stakes in businesses such as cosmetics maker Coty Inc. and Peet’s Coffee & Tea Inc. He’s also served as chief financial officer at Mars Inc., according to a biography on the Anheuser-Busch InBev website.
Anheuser-Busch InBev’s brands include Budweiser, Bud Light, Corona and others. On Wednesday, Anheuser-Busch apologized for ad copy that appeared on bottles saying Bud Light removes the word “no” from drinkers’ vocabulary. There were widespread complaints about the slogan.
Shares of Anheuser-Busch InBev NV added 33 cents to $119.99 in Thursday morning trading.
The post Anheuser-Busch InBev shareholders approve Goudet as next chairman appeared first on Canadian Business – Your Source For Business News.
Goudet, an independent board member, succeeds Kees Storm in the post. He will serve as chairman for four years.
Goudet is the CEO of JAB Holding Co, which has stakes in businesses such as cosmetics maker Coty Inc. and Peet’s Coffee & Tea Inc. He’s also served as chief financial officer at Mars Inc., according to a biography on the Anheuser-Busch InBev website.
Anheuser-Busch InBev’s brands include Budweiser, Bud Light, Corona and others. On Wednesday, Anheuser-Busch apologized for ad copy that appeared on bottles saying Bud Light removes the word “no” from drinkers’ vocabulary. There were widespread complaints about the slogan.
Shares of Anheuser-Busch InBev NV added 33 cents to $119.99 in Thursday morning trading.
The post Anheuser-Busch InBev shareholders approve Goudet as next chairman appeared first on Canadian Business – Your Source For Business News.
Puerto Rico’s economy in limbo after legislators reject governor’s tax proposal
– canadianbusiness.com
SAN JUAN, Puerto Rico – Legislators struck down a key part of a plan to overhaul the island’s tax system early Thursday, raising concerns about the U.S. territory’s economic future and its ability to pay off a heavy public debt.
Legislators voted 28-22 to reject Gov. Alejandro Garcia Padilla’s call for a 16 per cent value-added tax, and they failed to agree on an alternative way to raise revenues after some nine hours of debate that began Wednesday night.
Garcia issued a sharply worded statement accusing the island’s House of Representatives of being irresponsible and warning that economic development could stagnate.
“This action can bring negative consequences to the island’s financial stability, putting into danger the continuity of public services, the retirement system, debt payments and health services,” Garcia said.
House President Jaime Perello said he will take disciplinary measures against the six legislators of Garcia’s party who voted against the measure…
Legislators voted 28-22 to reject Gov. Alejandro Garcia Padilla’s call for a 16 per cent value-added tax, and they failed to agree on an alternative way to raise revenues after some nine hours of debate that began Wednesday night.
Garcia issued a sharply worded statement accusing the island’s House of Representatives of being irresponsible and warning that economic development could stagnate.
“This action can bring negative consequences to the island’s financial stability, putting into danger the continuity of public services, the retirement system, debt payments and health services,” Garcia said.
House President Jaime Perello said he will take disciplinary measures against the six legislators of Garcia’s party who voted against the measure…
Goldcorp posts loss as gold prices decline
– theglobeandmail.com
First-quarter earnings that missed analysts’ estimates
Imperial Oil’s Q1 profit falls 55% to $421 million due to lower oil prices
– canadianbusiness.com
CALGARY – Imperial Oil Ltd. (TSX:IMO) says its first-quarter net income was down 55 per cent from a year ago, dropping to $421 million as a result of the global decline in oil prices.
The Calgary-based oil and gas company said that it partially offset the effect of lower crude prices with higher production, which was up about 3,000 barrels per day from last year to the equivalent of 333,000 barrels per day.
Imperial’s share of production from the Kearl oilsands operation was 67,000 barrels, up significantly both from the year-earlier period when Imperial’s share was 50,000 barrels and the fourth quarter of 2014.
Production at its older Cold Lake oilsands operation also increased to 152,000 barrels of bitumen per day, up from 147,000.
Even still, Imperial’s earnings dropped to 50 cents per share from $1.11 per share or $946 million in last year’s first quarter.
The post Imperial Oil’s Q1 profit falls 55% to $421 million due to lower oil prices appeared first on Canadian Business – Your Source For Business News.
The Calgary-based oil and gas company said that it partially offset the effect of lower crude prices with higher production, which was up about 3,000 barrels per day from last year to the equivalent of 333,000 barrels per day.
Imperial’s share of production from the Kearl oilsands operation was 67,000 barrels, up significantly both from the year-earlier period when Imperial’s share was 50,000 barrels and the fourth quarter of 2014.
Production at its older Cold Lake oilsands operation also increased to 152,000 barrels of bitumen per day, up from 147,000.
Even still, Imperial’s earnings dropped to 50 cents per share from $1.11 per share or $946 million in last year’s first quarter.
The post Imperial Oil’s Q1 profit falls 55% to $421 million due to lower oil prices appeared first on Canadian Business – Your Source For Business News.
