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Guidelines for earning money on home-equity investments: Vaz-Oxlade + MORE Jul 4th
The next time someone comes calling with a spiel about can using your home equity to diversify your investment portfolio and make lots of money, ask some questions..... More »
Empire to expand FreshCo grocery chain in Western Canada amid restructuring woes + MORE Dec 14th
Shares of Empire Co. Ltd. were down more than five per cent on Wednesday amid news it’s planning to convert up to a quarter of stores in Western Canada to its discount FreshCo banner as it struggles with industry challenges and increased labour costs.
The company made the announcement after it.... More »
Five things to watch for in the Canadian business world in the coming week + MORE Nov 27th
TORONTO – Five things to watch this week in Canadian business:
Bombardier CSeries Takes Flight: Bombardier will celebrate the maiden flight of the CSeries CS300 on Monday. The delivery to airBaltic at Montreal’s Mirabel airport comes nearly half a year after the first CSeries CS100 passe.... More »
The circus elephant takes a final bow + MORE Apr 26th
An elephant act at a circus performance on December 19,1958. (Trinity Mirror/Mirrorpix/Alamy Stock Photo)
The dowager ambles toward an early supper, leaving footprints as round as moons. She is a saggy-skinned and cloudy-eyed old girl, born before India was independent, a subject of the British Raj..... More »
This Toronto nurse recently graduated with $50K of debt. He works more 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it? Aug 3rd
Fresh out of nursing school, with a lot of debt, Ali is seeking advice from Millennial Money’s financial expert on paying down his debt and saving..... More »
Scotiabank Q4 profit rises to $1.843 billion, says results good in Canada, abroad
– canadianbusiness.com
TORONTO – Scotiabank (TSX:BNS) says growth in most of its business segments drove up fourth-quarter net income to $1.843 billion, taking the total for the 2015 financial year to nearly $7.3 billion.
The profit for the three months ended Oct. 31 amounted to $1.45 per share, up 32 per cent from $1.10 a year earlier when Scotiabank recorded a number of unusual items.
Excluding special items last year, the quarter’s earnings per share was up 10 per cent from $1.32.
The results were above analyst estimates of $1.41 per share before adjustments or $1.43 per share on an adjusted basis, according to Thomson Reuters.
Canadian banking contributed $837 million to the quarter’s total profit, while the international banking segment contributed $564 million to the quarter’s total profit — both up from last year.
There was, however, a decline at Scotiabank’s global banking and markets segment. Its $325 million net income fell 14 per cent, mostly because of less from U.S…
The profit for the three months ended Oct. 31 amounted to $1.45 per share, up 32 per cent from $1.10 a year earlier when Scotiabank recorded a number of unusual items.
Excluding special items last year, the quarter’s earnings per share was up 10 per cent from $1.32.
The results were above analyst estimates of $1.41 per share before adjustments or $1.43 per share on an adjusted basis, according to Thomson Reuters.
Canadian banking contributed $837 million to the quarter’s total profit, while the international banking segment contributed $564 million to the quarter’s total profit — both up from last year.
There was, however, a decline at Scotiabank’s global banking and markets segment. Its $325 million net income fell 14 per cent, mostly because of less from U.S…
Scotiabank fourth-quarter profit climbs, beats estimates
– theglobeandmail.com
Operating earnings for the quarter rose to $1.46 a share, ahead of the $1.44 that analysts had been expecting
Scotiabank (TSX:BNS) says its fourth-quarter net income was $1.843 billion, taking the total for the 2015 financial year to nearly $7.3 billion.
Carrick best reads: These open house tricks will wow buyers
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick
Britain’s major banks pass annual health checks in Bank of England stress test
– canadianbusiness.com
LONDON – The Bank of England says the country’s seven biggest lenders have passed stress tests designed to see if they can withstand a slump in the global economy.
The annual check of the health of the financial institutions found that five of the seven participating institutions — Barclays, HSBC, Lloyds Banking Group, Santander UK, and Nationwide — showed no capital inadequacies.
The Royal Bank of Scotland Group and Standard Chartered did not meet their capital requirements. But the banking regulator is not asking either to submit a plan to raise new cash, as both institutions were already taking steps to strengthen their capital positions.
The Bank of England modeled how banks would react to, among other things, a sharp drop in Chinese economic growth.
The post Britain’s major banks pass annual health checks in Bank of England stress test appeared first on Canadian Business – Your Source For Business News.
The annual check of the health of the financial institutions found that five of the seven participating institutions — Barclays, HSBC, Lloyds Banking Group, Santander UK, and Nationwide — showed no capital inadequacies.
The Royal Bank of Scotland Group and Standard Chartered did not meet their capital requirements. But the banking regulator is not asking either to submit a plan to raise new cash, as both institutions were already taking steps to strengthen their capital positions.
The Bank of England modeled how banks would react to, among other things, a sharp drop in Chinese economic growth.
The post Britain’s major banks pass annual health checks in Bank of England stress test appeared first on Canadian Business – Your Source For Business News.
