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US Treasury secretary headed to Europe for finance talks + MORE Jul 9th
WASHINGTON – The U.S. Treasury Department says Secretary Jacob Lew will meet with officials in London, Paris, Berlin and Brussels next week to discuss ways to promote “economic stability and shared economic growth” in the wake of the vote in Britain to leave the European Union.
Tre.... More »
Making sense of the markets this week: November 27, 2022 Nov 25th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
2022 tax season primer: Our roundup of the best tax tips for Canadians + MORE Nov 10th
Before the payment deadline rolls around on May 1, 2023, there are ways to avoid racking up a higher tax bill than you need to (especially given this year’s record levels of inflation and rising cost of living). Plus, look for any deductions, rebates or tax credits that will help you put some mone.... More »
Ski-Doo maker BRP reports Q4 earnings, delays financial forecast + MORE Mar 27th
Economic uncertainty stirred up by whipsawing U.S. tariff threats prompted BRP Inc. to push back its financial forecast for the coming year, with the trade limbo exacerbating weak consumer demand that drove the Ski-Doo maker to an earnings loss last quarter.
“There’s still the uncer.... More »
Why companies are looking to Alberta to produce plastic + MORE Jul 31st
Work is well underway on a $3.5-billion petrochemical complex northeast of Edmonton — the first major petrochemical plant to be built in the province in nearly two decades. Industry analysts say there is good reason to believe there's plenty more investment on the way..... More »
UnitedHealth broadens stake in overhaul’s insurance exchanges, with expansion, price hikes
– canadianbusiness.com
UnitedHealth will jump into 11 more public insurance exchanges next year, as the nation’s biggest health insurer grows more comfortable with one of the health care overhaul’s main ways of expanding coverage to millions of people.
The once-reluctant exchange participant now draws 550,000 customers from that market and predicts that business will improve next year, helped by double-digit price hikes.
“We continue to expect exchanges to develop and mature over time into a strong, viable growth market for us,” Chief Financial Officer David Wichmann told analysts during a Thursday morning conference call to discuss the Minnesota-based insurer’s third-quarter earnings performance.
State-based health insurance exchanges opened a couple years ago as a way for customers to buy individual health insurance, many with help from income-based tax credits. The overhaul also expands coverage through the state- and federally-funded Medicaid program, which mainly serves the needy and those who are disabled…
The once-reluctant exchange participant now draws 550,000 customers from that market and predicts that business will improve next year, helped by double-digit price hikes.
“We continue to expect exchanges to develop and mature over time into a strong, viable growth market for us,” Chief Financial Officer David Wichmann told analysts during a Thursday morning conference call to discuss the Minnesota-based insurer’s third-quarter earnings performance.
State-based health insurance exchanges opened a couple years ago as a way for customers to buy individual health insurance, many with help from income-based tax credits. The overhaul also expands coverage through the state- and federally-funded Medicaid program, which mainly serves the needy and those who are disabled…
US stocks gain as financial stocks climb; Hospital stocks slump after HCA warns on earnings
– canadianbusiness.com
NEW YORK, N.Y. – Stocks are moving higher following two days of losses as investors respond to some positive earnings surprises.
Financial stocks rose after Citigroup reported better profits for the third quarter than analysts were expecting. Citi was up 3 per cent at midday Thursday.
Hospital shares slumped after HCA said its earnings would fall short of projections.
The Dow Jones industrial average climbed 61 points, or 0.4 per cent, to 16,985 as of 11:45 a.m. Eastern time.
The Standard & Poor’s 500 index rose seven points, or 0.4 per cent, to 2,001. The Nasdaq composite rose 24 points, or 0.5 per cent, to 4,807.
The price of oil fell 1 per cent to $45 a barrel in New York.
Bond prices fell. The yield on the 10-year Treasury note rose to 2 per cent.
The post US stocks gain as financial stocks climb; Hospital stocks slump after HCA warns on earnings appeared first on Canadian Business – Your Source For Business News.
Financial stocks rose after Citigroup reported better profits for the third quarter than analysts were expecting. Citi was up 3 per cent at midday Thursday.
Hospital shares slumped after HCA said its earnings would fall short of projections.
The Dow Jones industrial average climbed 61 points, or 0.4 per cent, to 16,985 as of 11:45 a.m. Eastern time.
The Standard & Poor’s 500 index rose seven points, or 0.4 per cent, to 2,001. The Nasdaq composite rose 24 points, or 0.5 per cent, to 4,807.
The price of oil fell 1 per cent to $45 a barrel in New York.
Bond prices fell. The yield on the 10-year Treasury note rose to 2 per cent.
The post US stocks gain as financial stocks climb; Hospital stocks slump after HCA warns on earnings appeared first on Canadian Business – Your Source For Business News.
Celebrity businessman Kevin O’Leary and another former Dragons’ Den star are merging their two fund companies, which will manage nearly $4-billion once the deal is done.
At the open: TSX sinks amid Valeant investigation
– theglobeandmail.com
But Wall Street edges higher in advance of data, bank earnings
The average selling price of a Canadian home was $433,649 in September, a rise of over six per cent from a year ago, the Canadian Real Estate Association said today.
