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Marijuana business expands beyond smoke and rolling papers: Don Pittis Jan 23rd
With new Canadian rules on cannabis legalization just around the corner, money is pouring into an increasingly complex marijuana sector. Is it a sound investment or market euphoria?.... More »
Amid talk of arm sales and human rights, don't forget the Khashoggi case is personal - The Globe and Mail Oct 28th
The Globe and MailAmid talk of arm sales and human rights, don't forget the Khashoggi case is personalThe Globe and MailOn the day journalist Jamal Khashoggi was killed in the Saudi consulate in Istanbul, U.S. President Donald Trump told a rally in Southaven, Miss., that Saudi Arabia's Kin.... More »
Podcast 16: Common Sense With Ben Carlson May 5th
In Episode 16 of the Canadian Couch Potato podcast, I’m joined by Ben Carlson, the author of A Wealth of Common Sense and creator of the excellent blog of the same name. Ben is also Director of Institutional Asset Management at Ritholtz Wealth Management in New York.
As someone who works with bot.... More »
How I saved $1 million by age 33 + MORE Nov 19th
Fidan Geneski, 33 from Ajax, Ont. (Photograph by Shlomi Amiga)
Sometimes a moment in your life changes you forever and that moment happened for me when I was 18 years old. The house next door to my family home in Scarborough, Ont. went up for sale and my dad looked at it to see if it would be a good.... More »
Canadian dollar hits nine-month high - CTV News Jul 13th
Canadian dollar hits nine-month high CTV NewsToronto stock market falls as Canadian dollar hits 9-month high BNNBloomberg.caTSX down, U.S. markets up - Business News Castanet.netWhat every Canadian investor needs to know today The Globe and MailThe close: .... More »
NB Power records $15M net loss in first quarter, pays down $16M in debt
– canadianbusiness.com
FREDERICTON – NB Power says a net loss of $15 million during the first quarter was due in part to an unplanned outage at the Point Lepreau nuclear generating station.
The utility says despite the net loss, they were able to pay down $16 million in debt and anticipate positive earnings this year.
The Crown corporation says expenses increased $27 million during the first quarter because of the unplanned outage.
The company says its overall revenue was up by $12 million, due to a two per cent rate increase in October 2014 and an increase of out-of-province sales.
The Point Lepreau nuclear generating station was shut down for about a month this spring due to problems with a fuelling machine and heat transport system.
The 660 megawatt generating station produces enough electricity to power more than 333,000 homes.
The post NB Power records $15M net loss in first quarter, pays down $16M in debt appeared first on Canadian Business – Your Source For Business News.
The utility says despite the net loss, they were able to pay down $16 million in debt and anticipate positive earnings this year.
The Crown corporation says expenses increased $27 million during the first quarter because of the unplanned outage.
The company says its overall revenue was up by $12 million, due to a two per cent rate increase in October 2014 and an increase of out-of-province sales.
The Point Lepreau nuclear generating station was shut down for about a month this spring due to problems with a fuelling machine and heat transport system.
The 660 megawatt generating station produces enough electricity to power more than 333,000 homes.
The post NB Power records $15M net loss in first quarter, pays down $16M in debt appeared first on Canadian Business – Your Source For Business News.
Fed Vice Chair Fischer leaves door open for a Sept. rate hike, saying inflation likely to rise
– canadianbusiness.com
WASHINGTON – Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank’s target level have likely begun to fade.
Fischer said there’s “good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” He said, for example, that some effects of a stronger dollar and a plunge in oil prices — key factors in holding down inflation — have already started to diminish.
The vice chairman’s remarks came in a speech at an annual economic conference in Jackson Hole, Wyoming. Investors have been trying to determine whether the Fed might still be on course to raise rates after its Sept. 16-17 meeting given the recent turbulence in financial markets and worries about China’s economy, which had raised doubts. In addition, inflation has remained persistently below the Fed’s 2 per cent target rate…
Fischer said there’s “good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” He said, for example, that some effects of a stronger dollar and a plunge in oil prices — key factors in holding down inflation — have already started to diminish.
The vice chairman’s remarks came in a speech at an annual economic conference in Jackson Hole, Wyoming. Investors have been trying to determine whether the Fed might still be on course to raise rates after its Sept. 16-17 meeting given the recent turbulence in financial markets and worries about China’s economy, which had raised doubts. In addition, inflation has remained persistently below the Fed’s 2 per cent target rate…
Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66
– canadianbusiness.com
Billionaire investor Warren Buffett’s company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 per cent of the Houston company’s stock.
In late 2013, the Omaha, Nebraska, company agreed to trade about $1.4 billion of its Phillips 66 stock for one of the refiner’s businesses that makes additives to help crude oil flow through pipelines.
Many investors watch Berkshire Hathaway filings closely because they like to copy Buffett’s moves given his successful record.
Phillips 66 shares closed at $77.23 Friday and have advanced about 8 per cent so far this year.
The post Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66 appeared first on Canadian Business – Your Source For Business News.
A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 per cent of the Houston company’s stock.
In late 2013, the Omaha, Nebraska, company agreed to trade about $1.4 billion of its Phillips 66 stock for one of the refiner’s businesses that makes additives to help crude oil flow through pipelines.
Many investors watch Berkshire Hathaway filings closely because they like to copy Buffett’s moves given his successful record.
Phillips 66 shares closed at $77.23 Friday and have advanced about 8 per cent so far this year.
The post Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66 appeared first on Canadian Business – Your Source For Business News.
CHANNELS TELEVISIONThailand issues arrest warrant for suspect in second blastWashington PostBANGKOK — Thai authorities arrested a foreign man Saturday, whom they said had been holed up in a suburban apartment with bomb-making equipment and stacks of passports, in the first possible breakthrough in the deadly bombing at a Bangkok shrine …Thai police arrest foreign man over Bangkok bombingBrisbane TimesThai police charge foreign man over Bangkok bombingHindustan TimesThai police make arrest in Bangkok Erawan Shrine bombingThe Australian Financial ReviewBusiness Recorder (press release) (blog) -Bangkok Postall 1,002 news articles »
