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Vancouver's Shoes.com shuts down operations + MORE Jan 27th
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Nicholas Hui, P.Eng, Certified Financial Planner + MORE Mar 21st
Who is Nicholas Hui?
Nicholas Hui was an automotive engineer for 20 years before becoming a Certified Financial Planner. He brings the same systematic approach from his engineering background to his practise now as an advice-only planner. Nicholas specializes in helping young families and profess.... More »
Silicon Valley Bank's Toronto branch assets seized - CP24 Mar 13th
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Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
Ottawa gets it right on funding for disaster mitigation + MORE May 1st
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George Weston posts profit of $123.1 million in third quarter
– canadianbusiness.com
TORONTO – TORONTO (AP) _ George Weston Ltd. (WNGRF) on Tuesday reported third-quarter net income of $123.1 million.
On a per-share basis, the Toronto-based company said it had profit of 88 cents. Earnings, adjusted for one-time gains and costs, were $1.27 per share.
The baked goods maker and parent of the conglomerate Loblaw posted revenue of $11 billion in the period.
George Weston shares have decreased nearly 6 per cent since the beginning of the year. The stock has fallen slightly more than 8 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WNGRF at http://www.zacks.com/ap/WNGRF
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Keywords: George Weston, Earnings Report
The post George Weston posts profit of $123.1 million in third quarter appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Toronto-based company said it had profit of 88 cents. Earnings, adjusted for one-time gains and costs, were $1.27 per share.
The baked goods maker and parent of the conglomerate Loblaw posted revenue of $11 billion in the period.
George Weston shares have decreased nearly 6 per cent since the beginning of the year. The stock has fallen slightly more than 8 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WNGRF at http://www.zacks.com/ap/WNGRF
_____
Keywords: George Weston, Earnings Report
The post George Weston posts profit of $123.1 million in third quarter appeared first on Canadian Business – Your Source For Business News.
Former Rouge Valley hospital clerk fined $36K for selling patient information
– canadianbusiness.com
TORONTO – Former hospital clerk Shaida Bandali has been sentenced to two years’ probation, 300 hours of community service and $45,000 in penalties for handing over the personal information of new mothers to investment dealers peddling education savings plans.
Bandali pleaded guilty in August to one count of unregistered trading. On top of a $36,000 fine, Bandali must pay a $9,000 victim surcharge that goes toward a provincial fund that assists the victims of crime.
The Ontario Securities Commission alleged that she breached the confidentiality policies of her employer, the Rouge Valley Hospital group, to access the personal data of maternity patients and distribute it to one or more people selling Registered Education Savings Plans.
The OSC said Bandali created investor lists by using her unauthorized access to get patient information and selling those lists to RESP agents for cash.
Ontario Superior Court Judge Kathleen Caldwell said the fine reflected the seriousness of Bandali’s breach of trust…
Bandali pleaded guilty in August to one count of unregistered trading. On top of a $36,000 fine, Bandali must pay a $9,000 victim surcharge that goes toward a provincial fund that assists the victims of crime.
The Ontario Securities Commission alleged that she breached the confidentiality policies of her employer, the Rouge Valley Hospital group, to access the personal data of maternity patients and distribute it to one or more people selling Registered Education Savings Plans.
The OSC said Bandali created investor lists by using her unauthorized access to get patient information and selling those lists to RESP agents for cash.
Ontario Superior Court Judge Kathleen Caldwell said the fine reflected the seriousness of Bandali’s breach of trust…
More and more Canadians are getting PhDs every year, but fewer and fewer are finding them worth the effort from a financial point of view, a new report from the Conference Board of Canada suggests.
Armed with $2.5 billion in new financial support, CEO Alain Bellemare and other top brass will try to boost confidence in their troubled company at a long-delayed meeting with institutional investors.Bombardier presents vision for future
– macleans.ca
(The Canadian Press) MONTREAL — Armed with $2.5 billion U.S. in new financial support, Bombardier told institutional investors this morning that it has developed a five-year strategic plan to turn around the Montreal-based transportation giant.
“Despite short-term challenges, the potential for Bombardier is great and we are turning the business around,” CEO Alain Bellemare said in a webcast of the meeting in New York City.
After nine months of reviewing the company since his appointment, Bellemare said he has taken action to diminish risk and stabilize the business.
While 2016 will be a year of “transformation,” the focus is to shift to grow earnings and generate better free cash flow.
“We have great fundamentals and significant runway for improvement,” he told analysts.
Related: Bombardier is lightweight when it comes to taxpayer support
Bombardier expects overall revenues will grow five to six per cent annually to exceed US$25 billion by 2020 with earnings more than doubling to seven to eight per cent…
