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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High Liner Foods says higher seafood costs left customers buying less
– canadianbusiness.com
High Liner Foods (TSX:HLF) says a decision to pass on higher seafood costs down to customers left many people looking elsewhere for their fish sticks.
The Nova Scotia-based company said its sales volumes fell while revenues dropped nearly four per cent in the second quarter.
Profits were further squeezed by unfavourable foreign exchange rates.
Shares of the company fell nearly 20 per cent to close at $19.39 on Wednesday at the Toronto Stock Exchange.
“The results for the second quarter did not meet our expectations,” president and chief executive Keith Decker told analysts on a conference call.
Seafood is purchased in U.S. dollars, which means recent price increases for raw materials have been even more pronounced in Canada because of the steep decline in the value of the loonie, he said.
“These price increases have had an adverse effect on sales volume in both retail and food service,” Decker added, pointing to the company’s two segments of business, mainly in supermarkets and quick-service restaurants…
The Nova Scotia-based company said its sales volumes fell while revenues dropped nearly four per cent in the second quarter.
Profits were further squeezed by unfavourable foreign exchange rates.
Shares of the company fell nearly 20 per cent to close at $19.39 on Wednesday at the Toronto Stock Exchange.
“The results for the second quarter did not meet our expectations,” president and chief executive Keith Decker told analysts on a conference call.
Seafood is purchased in U.S. dollars, which means recent price increases for raw materials have been even more pronounced in Canada because of the steep decline in the value of the loonie, he said.
“These price increases have had an adverse effect on sales volume in both retail and food service,” Decker added, pointing to the company’s two segments of business, mainly in supermarkets and quick-service restaurants…
The Globe and MailCANADA STOCKS-TSX ends barely higher for a 6th straight gainReutersTORONTO Aug 5 Canada's main stock index eked out a small gain on Wednesday, its sixth straight rise, as investors bought into banks and consumer names and pulled back from resource companies. The Toronto Stock Exchange's S&P/TSX composite …At midday: TSX gains for fifth day as oil rise lifts energy stocksThe Globe and MailTORONTO — The Toronto Stock Exchange gained ground and the Canadian rose …CTV NewsToronto stock market rises, loonie up Wednesday morningVancouver SunBloomberg -BlackburnNews.comall 84 news articles »
When heavyweights like Apple, Microsoft, and Exxon move, the market reacts
– canadianbusiness.com
NEW YORK, N.Y. – At $660 billion, Apple is the stock market’s heavyweight.
Like a handful of other “big cap” companies such as Microsoft and Exxon Mobil, the iPhone maker’s market value means that when its shares move, so can the market. And these are the companies that influence your stock portfolio.
“The combination of Apple’s size and price moves, results in an enormous impact on indices,” says Howard Silverblatt, a senior index analyst for S&P Dow Jones Indices.
Lately, Apple’s influence has been a drag.
Since closing at a record $133 on February 23, Apple has slumped to $116.53, wiping more than $120 billion off the value of its stock. Between then and Tuesday’s close, the Standard & Poor’s 500, the most widely-tracked stock index, was down 0.8 per cent.
Without Apple, the decline would have been 0.2 per cent, according to S&P Dow Jones Indices, the company behind the S&P 500 index and the Dow Jones industrial average…
Like a handful of other “big cap” companies such as Microsoft and Exxon Mobil, the iPhone maker’s market value means that when its shares move, so can the market. And these are the companies that influence your stock portfolio.
“The combination of Apple’s size and price moves, results in an enormous impact on indices,” says Howard Silverblatt, a senior index analyst for S&P Dow Jones Indices.
Lately, Apple’s influence has been a drag.
Since closing at a record $133 on February 23, Apple has slumped to $116.53, wiping more than $120 billion off the value of its stock. Between then and Tuesday’s close, the Standard & Poor’s 500, the most widely-tracked stock index, was down 0.8 per cent.
Without Apple, the decline would have been 0.2 per cent, according to S&P Dow Jones Indices, the company behind the S&P 500 index and the Dow Jones industrial average…
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
How the Dow Jones industrial average and other major indexes fared on Wednesday
– canadianbusiness.com
U.S. stocks closed mostly higher Wednesday, driven by better company earnings, but a slump in oil prices and a slide in Disney held the market’s gains back.
For the day:
The Dow Jones industrial average lost 10.22 points, or 0.06 per cent, to 17,540.47.
The Standard & Poor’s 500 index rose 6.52 points, or 0.3 per cent, to 2,099.84.
The Nasdaq composite climbed 34.40 points, or 0.7 per cent, to 5,139.94.
For the week:
The Dow Jones industrial average is down 149.39 points, or 0.8 per cent.
The Standard & Poor’s 500 index is down 4 points, or 0.2 per cent.
The Nasdaq composite is up 11.66 points, or 0.2 per cent.
For the year:
The Dow is down 282.60 points, or 1.6 per cent.
The S&P 500 index is up 40.94 points, or 2 per cent.
The Nasdaq is up 403.89 points, or 8.5 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
For the day:
The Dow Jones industrial average lost 10.22 points, or 0.06 per cent, to 17,540.47.
The Standard & Poor’s 500 index rose 6.52 points, or 0.3 per cent, to 2,099.84.
The Nasdaq composite climbed 34.40 points, or 0.7 per cent, to 5,139.94.
For the week:
The Dow Jones industrial average is down 149.39 points, or 0.8 per cent.
The Standard & Poor’s 500 index is down 4 points, or 0.2 per cent.
The Nasdaq composite is up 11.66 points, or 0.2 per cent.
For the year:
The Dow is down 282.60 points, or 1.6 per cent.
The S&P 500 index is up 40.94 points, or 2 per cent.
The Nasdaq is up 403.89 points, or 8.5 per cent.
The post How the Dow Jones industrial average and other major indexes fared on Wednesday appeared first on Canadian Business – Your Source For Business News.
