TSX getting you down? There are always sound investment alternatives.
Latest News
Hard choices ahead as Alberta teachers' strike bargaining resumes Tuesday - Edmonton Journal Oct 14th
Hard choices ahead as Alberta teachers' strike bargaining resumes Tuesday Edmonton JournalAlberta teachers, province set to meet for first time since strike began last week Global NewsTeachers’ Strike: Most Albertans side with teachers as they criticize UCP’s handling of ed.... More »
Pension fund manager OMERS earns 11.5 per cent return after all expenses in 2017 + MORE Feb 24th
TORONTO _ Pension fund manager OMERS earned an investment return of 11.5 per cent after all expenses last year, topping the 10.3 per cent result it posted in 2016.
The defined-benefit pension plan for Ontario’s municipal employees said all of its major asset classes performed well for the year.... More »
The smart way to pay for “experiences” and other money tips Oct 1st
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Ass.... More »
Best robo-advisors in Canada for 2026 + MORE Feb 11th
The name may be offputting, but robo-advisors occupy a key middle way in the investment landscape between do-it-yourself investing and having a live investment advisor. They will cost you a lot less than a commissioned or fee-for-service advisor and the often pricey investment products they recommen.... More »
Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
40 days – 2.75%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 0000-00-00. Click on the link above to get more details or apply online.
Further oil declines help push TSX down, traders look to Fed for rate hike hints
– canadianbusiness.com
TORONTO – The Toronto stock market was slightly lower as oil prices continued to plumb fresh five-year lows while traders looked for reassurance from the U.S. Federal Reserve’s afternoon interest rate announcement.
The S&P/TSX composite index lost 20.95 points to 13,840.57.
The Canadian dollar gained 0.04 of a cent to 85.98 cents US ahead of the mid-afternoon release of the Fed’s rate announcement. Traders hope the Fed will retain important language in that statement that says short-term rates will stay ultra-low “for a considerable time.”
U.S. indexes were higher as the Dow Jones industrials gained 51.28 points to 17,120.15, the Nasdaq was ahead 6.06 points to 4,553.89 and the S&P 500 index was ahead 6.6 points to 1,979.34.
Oil prices continued to head lower as the market continues to sort out a huge supply/demand imbalance that has cut prices by more than 50 per cent since summertime highs. Oil fell $1.16 today to US$54.77.
The TSX registered a solid 156-point advance yesterday as investors picked through stocks that have been beaten down in value during the course of a selloff that had left the TSX barely in positive territory for the year…
The S&P/TSX composite index lost 20.95 points to 13,840.57.
The Canadian dollar gained 0.04 of a cent to 85.98 cents US ahead of the mid-afternoon release of the Fed’s rate announcement. Traders hope the Fed will retain important language in that statement that says short-term rates will stay ultra-low “for a considerable time.”
U.S. indexes were higher as the Dow Jones industrials gained 51.28 points to 17,120.15, the Nasdaq was ahead 6.06 points to 4,553.89 and the S&P 500 index was ahead 6.6 points to 1,979.34.
Oil prices continued to head lower as the market continues to sort out a huge supply/demand imbalance that has cut prices by more than 50 per cent since summertime highs. Oil fell $1.16 today to US$54.77.
The TSX registered a solid 156-point advance yesterday as investors picked through stocks that have been beaten down in value during the course of a selloff that had left the TSX barely in positive territory for the year…
3.5 year – 2.30%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-11-28. Click on the link above to get more details or apply online.
Penn West Petroleum to slash quarterly dividend by 78%, cut 2015 capital budget
– canadianbusiness.com
CALGARY – Penn West Petroleum Ltd. (TSX:PWT) is reducing its 2015 capital budget and slashing its dividend by 78.6 per cent in response to the current price environment, in which the price of crude has plunged globally.
The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.
The 2015 capital budget is also being reduced to $625 million, which is $215 million or about 26 per cent less than anticipated in Penn West’s previous guidance issued Nov. 17.
In the month that folowed that announcement, the price of crude has fallen dramatically — causing many producers to rethink their plans.
Penn West’s previous capital plan for 2015 assumed crude oil would average at US$86.50 per barrel but the revised plan has reduced that to US$65 barrel — still higher than the current price.
“Penn West’s business model assumes a conservative long run-term commodity price; however, the recent downturn falls outside our lowest probabilistic expectations,” Penn West president and CEO Dave Roberts said in a statement…
The Calgary-based company says its dividend will drop to three cents per share, starting with the April 15 payout to shareholders, from 14 cents per share.
The 2015 capital budget is also being reduced to $625 million, which is $215 million or about 26 per cent less than anticipated in Penn West’s previous guidance issued Nov. 17.
In the month that folowed that announcement, the price of crude has fallen dramatically — causing many producers to rethink their plans.
Penn West’s previous capital plan for 2015 assumed crude oil would average at US$86.50 per barrel but the revised plan has reduced that to US$65 barrel — still higher than the current price.
“Penn West’s business model assumes a conservative long run-term commodity price; however, the recent downturn falls outside our lowest probabilistic expectations,” Penn West president and CEO Dave Roberts said in a statement…
90 days – 2.00%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online.
