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Latest News
Markets react to trade talks: Investors are betting on a U.S.-Canada deal + MORE Aug 28th
Canada's stock market hit its highest point in more than a month on news of the U.S.-Mexico trade deal, and now the loonie is at its strongest against the U.S. dollar in more than two months, but are investors getting ahead of themselves?.... More »
Bombardier acquires Global 7500 business jet wing program from Triumph Group - BNNBloomberg.ca + MORE Jan 24th
Bombardier acquires Global 7500 business jet wing program from Triumph Group BNNBloomberg.caMONTREAL -- Bombardier Inc. (BBDb.TO) has signed a deal to acquire the Global 7500 wing manufacturing operations and assets from Triumph Group Inc., ...View full coverage on Google News.... More »
Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy - CBC News Jun 13th
Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy CBC NewsInstant Pot and Pyrex Maker Instant Brands Files for Bankruptcy Yahoo Canada FinancePyrex kitchenware maker files for Chapter 11 bankruptcy ReutersInstant Brands Takes Action to Str.... More »
How Canada’s economy went from boom to recession so fast + MORE Jul 16th
Two hours before the street racing movie Fast and Furious 7 was released in China in April, Tang Wentian, a 21-year-old man, wrecked his Lamborghini driving the streets of central Beijing at speeds of up to 179 km/h. Locals were enraged at what they thought were spoiled, second-generation rich kids.... More »
Wealthsimple Co-Founder and CEO Michael Katchen on Simplifying Finance Services Oct 3rd
As a changemaker in Canada’s financial services sector, Wealthsimple entered the arena in 2014 as a digital investment platform. Today, it has evolved tremendously into a company modernising the user experience with one overarching goal in mind—money, simplified.
“We offer core servic.... More »
Deere 3rd-quarter profit slips with equipment sales weakening at home and abroad
– canadianbusiness.com
MOLINE, Ill. – Deere’s third-quarter profit fell 15 per cent and the farming equipment maker believes that the same weak sales at home and abroad will cut into earnings for the entire year.
Chairman and CEO Samuel Allen said Wednesday that the company will be scaling back for the remainder of the year to bring production more “in line with demand for our agricultural products.”
With commodity prices falling, the U.S. Department of Agriculture in February predicted that farm income in 2014 would sink to levels not seen in four years.
That is cutting into the spending power of farmers and hitting companies like Deere, the world’s biggest farm equipment supplier.
Deere earned $850.7 million, or $2.33 per share, for the three months ended July 31. That beat expectations of $2.20 per share, according to a poll by FactSet. But that’s still down significantly from last year, when the Moline company earned $996.5 million, or $2.56 per share.
Revenue from equipment sales fell to $8…
Chairman and CEO Samuel Allen said Wednesday that the company will be scaling back for the remainder of the year to bring production more “in line with demand for our agricultural products.”
With commodity prices falling, the U.S. Department of Agriculture in February predicted that farm income in 2014 would sink to levels not seen in four years.
That is cutting into the spending power of farmers and hitting companies like Deere, the world’s biggest farm equipment supplier.
Deere earned $850.7 million, or $2.33 per share, for the three months ended July 31. That beat expectations of $2.20 per share, according to a poll by FactSet. But that’s still down significantly from last year, when the Moline company earned $996.5 million, or $2.56 per share.
Revenue from equipment sales fell to $8…
Managing Multiple Family Accounts
– CanadianCouchPotato.com
Model portfolios like those I recommend are ideal for investors who have a single RRSP account. But life isn’t so simple once you’ve accumulated a significant portfolio: chances are you’ll be managing two or three accounts, and if you have a spouse there may well be a few more.In most cases, it’s most efficient to consider both partners’ retirement accounts as a single large portfolio. In other words, there’s no my money and my spouse’s money: there’s only our money. This strategy has a couple of advantages: first, it allows the family to make the most tax-efficient asset location decisions. Second, it keeps the overall number of holdings to a minimum, which reduces transaction costs and complexity.
Meet Henry and Anne, who have a combined portfolio of $480,000. Let’s assume they are the same age and plan to retire at about the same time. Their financial plan revealed that a mix of 50% bonds and 50% stocks is suitable for their risk tolerance and goals…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Carrick on money: Tax tips for cottage owners
– 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.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
