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Target raises profit forecast; earnings rise + MORE Nov 16th
Third-quarter earnings for Minneapolis-based retailer rose to $608-million from $549-million a year earlier
.... More »
Sienna Senior Living in $255M deal to acquire B.C. seniors housing assets + MORE Apr 18th
MARKHAM, Ont. – Ontario-based Sienna Senior Living (TSX:SIA) is acquiring seniors housing assets in British Columbia for $255 million, including mortgage debt.
Sienna said the assets, known as the Baltic properties, include two high-quality private-pay independent living retirement residences .... More »
Best FHSAs in Canada: Where to get the new first home savings account + MORE Dec 16th
MoneySense editors’ take
Consider opening an FHSA before Dec. 31, 2023, even if you don’t intend to contribute right away. Unused contribution room can be carried forward one year, up to a maximum of $8,000. You can give yourself a maximum contribution limit of $16,000 in 2024 by opening the acc.... More »
What is CDIC insurance, how it works and what’s covered Oct 28th
Toilet paper isn’t the only thing Canadians were hoarding early in the pandemic. Headlines were buzzing that the Bank of Canada was running short of $50 bills too. Whether you were stuffing cash in your mattress or in the bottom of your sock drawer, the truth is your savings are safer at a financi.... More »
Why beating forecasts is largely irrelevant in this U.S. earnings season + MORE Jul 26th
Measuring earnings against expectations is mostly a distraction. Instead, keep your eye on the longer-term trend in profit growth
.... More »
Google rolls outs tool designed to make it easier for people to buy products on smartphones
– canadianbusiness.com
SAN FRANCISCO – Google is introducing a way for shoppers browsing on their smartphones to buy merchandise by tapping on a button included in the ads appearing in its search results.
The buying button unveiled Wednesday is part of Google’s attempt to make it easier for people to shop on mobile devices and divert online traffic from e-commerce leader Amazon.com Inc.
The feature, called “Purchases on Google,” completes sales using financial information that already has been stored with Google. Participating merchants can still gather information about customers using Google’s buying button.
Facebook also has been testing a similar buying button in ads appearing in its social network.
About a dozen retailers are initially using Google’s buying button. Google is hoping to increase the number of merchants before the end of this year.
The post Google rolls outs tool designed to make it easier for people to buy products on smartphones appeared first on Canadian Business – Your Source For Business News.
The buying button unveiled Wednesday is part of Google’s attempt to make it easier for people to shop on mobile devices and divert online traffic from e-commerce leader Amazon.com Inc.
The feature, called “Purchases on Google,” completes sales using financial information that already has been stored with Google. Participating merchants can still gather information about customers using Google’s buying button.
Facebook also has been testing a similar buying button in ads appearing in its social network.
About a dozen retailers are initially using Google’s buying button. Google is hoping to increase the number of merchants before the end of this year.
The post Google rolls outs tool designed to make it easier for people to buy products on smartphones appeared first on Canadian Business – Your Source For Business News.
Canada’s housing boom continued in June, with data from the Canadian Real Estate Association showing the average price of a home sold in Canada at $453,560 – a rise of 9.6 per cent from the same month a year earlier.
The Financial Post’s Kristine Owram looks at some of the day’s top business and financial stories.
Reuters CanadaWages of fear trap Mexican prison guards in corruption spiralReuters CanadaMEXICO CITY (Reuters) – Working for a modest wage among powerful criminals, Mexican prison guards are caught between a rock and a hard place, often helpless against the muscle and financial might of drug gangs like Joaquin "El Chapo" Guzman's …El Chapo's escape: Final moments behind bars caught on cameraCTV NewsMexico drug lord's escape tunnel reveals ingenuity, audacityToronto StarMexico blames human rights laws for El Chapo escapeTelegraph.co.ukABC News -New Zealand Heraldall 4,084 news articles »
Bank of Canada rate cuts and its impact on mortgage rates
– moneysense.ca
Bank of Canada rate cuts and its impact on mortgage rates (mstay/Getty Images)For home buyers and sellers it could be considered Christmas in July. The Bank of Canada rate cut today already prompted one bank to cut its lending rate and others are expected to follow.
But is this good news? Well it depends where you are in the real estate cycle.
Buying a home
If you’re in the market to buy a home, today is just another day. Sorry. It’s just not Christmas in July. Why, you ask? Because the BoC’s rate cut won’t translate into any new significant savings. Both fixed and variable rates are already at historically low levels and any cut the banks will offer will be minimal, at best.
But the rate cut is still good news. It means that your cost to buy that home continues to be extremely low and will remain low for the next few months, at least. What’s even crazier is the possibility that rates could actually drop again this year. “Economists believe there’s more than a 70% chance of another rate cut in September,” says Robert McLister of RateSpy…
