30 days – 1.50% + MORE Jan 14th

This GIC rate is offered by Oaken Financial and was updated on 2013-02-04. Click on the link above to get more details or apply online.

TORONTO – Corus Entertainment Inc. (TSX:CRJ.B), owner of multiple specialty television channels, radio stations and the Nelvana animation studio, reported stronger first-quarter financial results Tuesday.
The Toronto-based company had 65 cents per share of adjusted earnings, which was three cents per share ahead of analyst estimates and up from 63 cents per share a year earlier.
Overall revenue for the three months ended Nov. 30 was also up compared with the previous year but just below a composite estimate compiled by Thomson Reuters.
“We have again benefited from our disciplined focus on cost controls, delivering excellent margins this quarter in the face of slow economic growth and tough year-over-year comparables in our merchandising business,” said John Cassaday, Corus president and CEO.
He said 2014 is a pivotal year for Corus, with its recent acquisition of full ownership of Teletoon, from its partner Astral Media, strong ratings for its core TV brands and increases from several of newer brands…

CALGARY – Shaw Communications Inc. is reporting improved profit and revenue for its first quarter, beating analyst estimates.
The cable TV and media company (TSX:SJR.B) said Tuesday it earned $245 million or 51 cents per share in the quarter ended Nov. 30 as it saw improvements in all three of its major divisions.
The results compared with a profit of $235 million or 50 cents per share in the same period a year earlier.
Revenue gained 3.3 per cent, rising to $1.362 billion from $1.32 billion.
Analysts were looking for 49 cents per share of adjusted earnings with $1.358 billion of revenue, according to Thomson Reuters estimates.
“Our performance was driven by growth in our commercial business, discipline around customer acquisition, and strength in our Internet business,” said chief executive Brad Shaw, a member of the founding family that controls the company.
He said the company is continuing to make investments to improve its residential and commercial infrastructure…

TORONTO – The Toronto stock market looked set for a higher open Tuesday amid strong earnings reports and mixed commodity prices.
The Canadian dollar gave back all of Monday’s advance of almost 1/2 a cent, falling 0.44 of a cent to 91.76 cents US.
U.S. futures were higher after selling off Monday on concerns about what the Federal Reserve may do about further cutting back on its key stimulus program and worries about whether the American equity markets are looking too expensive.
The Dow Jones industrial futures rose 30 points to 16,244 after the blue chip index plunged 179 points. The Nasdaq futures ran up 7.8 points to 3,517.3 and the S&P 500 futures rose 3.75 points to 1,818.75.
Traders have been wondering what the Fed may do about further tapering of its massive purchases of bonds and other assets in the wake of last Friday’s big miss on December job creation.
And, with the fourth quarter earnings season about to get into gear, Goldman Sachs’ chief equity strategist David Kostin warned that the S&P 500 index’s valuation is “lofty by almost any measure…

This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-06. Click on the link above to get more details or apply online.