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Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards - The Globe and Mail + MORE Oct 7th
Opinion: Big money puts its trust in Canadian Natural Resources’ Murray Edwards The Globe and MailCanadian Natural Resources signs deal to buy Chevron’s Alberta assets for US$6.5-billion The Globe and MailBlockbuster $8.8-billion Chevron deal further consolidates Canadian c.... More »
CMHC to pay $4B special dividend to federal government + MORE Jun 29th
Canada Mortgage and Housing Corp. said Thursday it will pay a $4-billion special dividend to the federal government in instalments within the next two years..... More »
Ford government threatens to take control of real estate watchdog as realtors call for answers - CTV News Aug 31st
Ford government threatens to take control of real estate watchdog as realtors call for answers CTV NewsCanada’s largest private landlord often dramatically increases eviction applications after acquiring buildings, study finds Toronto StarOntario real estate agency has accoun.... More »
The Conservative Party’s Kevin O’Leary factor + MORE May 26th
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Kevin O’Leary’s.... More »
Making sense of the markets this week: November 28 + MORE Nov 26th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The greenification commodities supercycle
While there may be a broader commodities supercycle underway, what appears to be more of a sure thing is the green .... More »
The world’s biggest oil companies are reporting grim results in the third quarter of 2015, with Chevron Corp seeing profit fall by 64 per cent and Exxon profit down 47 per cent.
Clinton's 'A' Economy
– online.wsj.com
Slow business investment means another growth slump.TSX plunges as Valeant, Husky tumble
– cbc.ca
Toronto’s main stock index fell by triple digits on Friday, weighed down by the problems of Valeant Pharmaceuticals and the oil sector.
Valeant, CVS, AbbVie, Expedia and LinkedIn are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Valeant Pharmaceuticals International Inc., down $17.73 to $93.77
The company is cutting ties with Philidor, which is shutting down following accusations that it was a “phantom pharmacy” used solely to artificially boost sales.
AbbVie Inc., up $5.45 to $59.55
The drugmaker reported better-than-expected third-quarter results on a boost in sales of the anti-inflammatory Humira.
CVS Health Corp., down $5.02 to $98.78
The drugstore chain reported a worse-than-expected third-quarter profit and narrowed its outlook.
Anheuser-Busch InBev, up $1.59 to $119.33
The world’s largest brewer reported a 9.6 per cent boost in third-quarter profit, driven by Budweiser, Stella and Corona brands.
LinkedIn Corp., up $23.87 to $240.87
The professional networking service reported better-than-expected third-quarter profit and revenue and a boost in accountholders…
NYSE
Valeant Pharmaceuticals International Inc., down $17.73 to $93.77
The company is cutting ties with Philidor, which is shutting down following accusations that it was a “phantom pharmacy” used solely to artificially boost sales.
AbbVie Inc., up $5.45 to $59.55
The drugmaker reported better-than-expected third-quarter results on a boost in sales of the anti-inflammatory Humira.
CVS Health Corp., down $5.02 to $98.78
The drugstore chain reported a worse-than-expected third-quarter profit and narrowed its outlook.
Anheuser-Busch InBev, up $1.59 to $119.33
The world’s largest brewer reported a 9.6 per cent boost in third-quarter profit, driven by Budweiser, Stella and Corona brands.
LinkedIn Corp., up $23.87 to $240.87
The professional networking service reported better-than-expected third-quarter profit and revenue and a boost in accountholders…
Politics Can Interfere with your Financial Planning
– investitwisely.com
Life goes on while governments change. Everyone can be affected by new legislation without any real means of avoiding the consequences. It is election season in the USA with Presidential candidates vying for their party’s nomination while the current administration continues to govern. Those seeking nomination logically need to tell the electorate what they stand for. In the case of Chris Christie, the Governor of New Jersey, who is seeking the Republican nomination one of his proposals relates to the Social Security System. He wants to extend the full retirement age to 69, an extension of two years. The System is already in trouble with people living longer and fewer people paying in. There are not many Republicans supporting the idea of increasing taxes as part of the solution.Average life expectancy at birth in the USA is 81 for females, 76 for males though there are variations within racial/ethnic groups. It does mean that the average male will live 7 years after the new retirement age of 69 and the average female 12 years…
