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Why we have deficits—in good times as well as bad + MORE Feb 28th

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George Weston hikes dividend as improvements at Loblaw boost profit + MORE May 9th

Company posts a 189-per-cent increase to its first-quarter profit .... More »

Asian stocks mixed, Europe up as market focus turns to outlook for interest rates + MORE Jul 20th

BEIJING, China – Asian stocks were mixed and Europe rose Monday as investors put Greece’s debt crisis behind them to focus on the outlook for interest rates, corporate earnings and China’s economy. KEEPING SCORE: In early trading, France’s CAC-40 rose 0.5 per cent to 5,151.91.... More »

Can transferring ownership of a house help avoid probate tax? + MORE May 2nd

Ask MoneySense I was having dinner with a friend and talking about inheritance tax regarding her parents’ house when they pass away. If they transferred ownership while the parents were still living, what would the impact of the inheritance tax be? –Mary Understanding inheritance tax in C.... More »

“A way to leapfrog”: AWS executive says regulated industries moving fastest on AI + MORE Jul 5th

As a wave of companies rush to embed artificial intelligence into their operations, Matt Wood has noticed the technology’s fastest adopters are businesses more typically described as slow to change. Matt Wood, Amazon Web Services global VP of AI products (The Canadian Press / HO-Amazon Web Serv.... More »

LG Display’s 2Q profit jumps as demand for big ultra-high-definition TV rises, currency rates

– canadianbusiness.com

SEOUL, South Korea – LG Display Co. said profit for the April-June quarter more than doubled as a stronger won reduced the value of its foreign debt and the World Cup boosted demand for ultra-high-definition TVs.
The South Korean display panel maker said Wednesday its net income reached 256 billion won ($250 million), compared with 105 billion won a year earlier. Operating fell, however, showing that most of the net profit improvement came from the debt revaluation.
Analysts polled by FactSet, a financial data provider, expected profit of 114 billion won.
The panel supplier for Apple Inc. said higher demand for UHD TVs during the World Cup increased panel shipments.
LG Display’s parent company, LG Electronics Inc., is among the TV makers betting that a quadrupling of the resolution of high-definition TVs will convince consumers to upgrade.
Consumer interest in UHD TV sets, also known as “4K,” is positive for panel makers especially because those advanced TV sets tend to come in big sizes, featuring screens larger than 40 inches…

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