The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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How do the RRSP contribution carry forward rules work? + MORE Jun 9th
If I have $25,000 contribution room left in my RRSP, can I take that all at once plus my regular RRSP contribution of $30,780 for the tax year 2023? Effectively making a contribution of $55,780 to my RRSP?— Lorraine
The rules around RRSP contribution room
As soon as a taxpayer starts t.... More »
Making sense of the markets this week: May 29 + MORE May 27th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Banking on boring profits
Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t .... More »
Miami Accounting Vice + MORE Sep 20th
Sen. Warren wants more defendants in financial cases. Here they are..... More »
Clothing retailer Roots prices shares in IPO at between $14 and $16 + MORE Oct 2nd
Clothing retailer Roots Corp. says it is looking to price its initial public offering at between $14 and $16 per share, and says the total size of the offering could be as much as $230 million..... More »
Why are we so afraid of financial mistakes? + MORE Jul 17th
Growing up, I heard one saying repeatedly: the early bird gets the worm. Like so many childhood proverbs, I accepted it without much thought—one of those quiet truths adults repeat often enough that children stop questioning them.
For most of my life I assumed it was a lesson about hard w.... More »
TSX, loonie lower as oil weakens
– thestar.com
The Toronto stock market was lower at the close as crude prices fell amid fresh comments from Iran that it intends to increase oil production.
Emergent Capital posts loss of $13.9 million in 4th quarter
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Emergent Capital Inc. (EMG) on Monday reported a fourth-quarter loss of $13.9 million, after reporting a profit in the same period a year earlier.
The Vancouver, British Columbia-based company said it had a loss of 50 cents per share. Losses, adjusted to account for discontinued operations, were 49 cents per share.
The specialty finance company posted revenue of $3.1 million in the period.
For the year, the company reported that its loss widened to $31 million, or $1.25 per share. Revenue was reported as $46.9 million.
In the final minutes of trading on Monday, the company’s shares hit $3.99. A year ago, they were trading at $7.10.
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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 EMG at http://www.zacks.com/ap/EMG
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Keywords: Emergent Capital, Earnings Report
The post Emergent Capital posts loss of $13.9 million in 4th quarter appeared first on Canadian Business – Your Source For Business News.
The Vancouver, British Columbia-based company said it had a loss of 50 cents per share. Losses, adjusted to account for discontinued operations, were 49 cents per share.
The specialty finance company posted revenue of $3.1 million in the period.
For the year, the company reported that its loss widened to $31 million, or $1.25 per share. Revenue was reported as $46.9 million.
In the final minutes of trading on Monday, the company’s shares hit $3.99. A year ago, they were trading at $7.10.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EMG at http://www.zacks.com/ap/EMG
_____
Keywords: Emergent Capital, Earnings Report
The post Emergent Capital posts loss of $13.9 million in 4th quarter appeared first on Canadian Business – Your Source For Business News.
This Canadian bank stock is a solid core holding for investors
– theglobeandmail.com
Historically, this stock has traded at a premium relative to its peers, and with time, shares should resume its dominant position and premium valuation
It’s complicated: The trouble with GoldenTree’s Postmedia sale
– theglobeandmail.com
Search for a buyer may face additional hurdles due to Postmedia’s share structure, which was designed to fit within Canada’s rules around foreign ownership of media assets
Valeant CEO aiming to reassure investors with release of delayed Q4 results
– canadianbusiness.com
MONTREAL – Valeant Pharmaceuticals will try reassure investors this morning as the embattled drug and health-care products maker finally releases its long-delayed quarterly results.
After a two-month medical leave, CEO Michael Pearson has vowed to update shareholders on the company’s “progress” and outlook for the coming year by releasing preliminary fourth-quarter results.
Valeant delayed its results after Pearson was hospitalized for severe pneumonia and again when he returned to work two weeks ago.
The Quebec-based company has struggled since a critical report disclosed connections with a U.S. mail order pharmacy amid political accusations of price gouging that further punished its reputation.
Once one of Canada’s largest companies, Valeant has seen its stock price crater to about $91 from a week high of $348, with its market capitalization more than halved since October alone.
Valeant’s (TSX:VRX) net profit is expected to fall 15 per cent to US$462…
After a two-month medical leave, CEO Michael Pearson has vowed to update shareholders on the company’s “progress” and outlook for the coming year by releasing preliminary fourth-quarter results.
Valeant delayed its results after Pearson was hospitalized for severe pneumonia and again when he returned to work two weeks ago.
The Quebec-based company has struggled since a critical report disclosed connections with a U.S. mail order pharmacy amid political accusations of price gouging that further punished its reputation.
Once one of Canada’s largest companies, Valeant has seen its stock price crater to about $91 from a week high of $348, with its market capitalization more than halved since October alone.
Valeant’s (TSX:VRX) net profit is expected to fall 15 per cent to US$462…
