65% of couples don’t talk money before marriage + MORE Aug 4th

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Price-to-book value has been an excellent predictor of future bank-stock performance .... More »
Canadian stocks edged higher, as energy producers climbed with crude oil to offset declines paced by Manulife Financial Corp. after its earnings disappointed.

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Why This Recovery Is So Lousy

– online.wsj.com

Why This Recovery Is So LousyDon’t believe the line that slow growth is inevitable after financial crises. Bad policies yield bad results.

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The Toronto Real Estate Board says the average resale price of a home in the Greater Toronto Area climbed to $709,825 last month, up more than 16 per cent compared to a year ago.

Continue Reading On cbc.ca »

65% of couples don’t talk money before marriageTORONTO – A new CIBC survey suggests nearly all couples believe it’s important to have a serious joint discussion about finances before getting hitched or moving in together — but only about a third will actually do so.
The study found that 35 per cent of committed partners who plan to marry or live common law within the next two years say they’ve talked about money in detail, with 40 per cent saying they’ve only discussed how to manage finances together as a couple “briefly.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How to stop fighting over money
Despite those responses, 99 per cent of those surveyed indicated they felt it’s very — or at least somewhat — important to discuss how they’ll plan their finances as a couple before saying, “I do.”
The findings may in part explain why 46 per cent also said their top financial goal within the first two years of living together was to save up for a vacation, despite the fact that two-thirds of the respondents said they would be entering into marriage or a common-law relationship in debt…

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NEW YORK, N.Y. – Jack in the Box Inc., up $9.26 to $96.99
The burger chain reported better than expected results and raised its forecasts for the year.
TripAdvisor Inc., down $5.90 to $63.59
The travel website operator reported lower revenue growth and profit margins in the second quarter, disappointing analysts.
Ball Corp., up $8.41 to $78.51
The metal packaging company’s profit was larger than expected.
Square Inc., up 88 cents to $11.32
The mobile payments company’s stock climbed after it reported strong second-quarter results and raised its projections for the year.
SeaWorld Entertainment Inc., down $1.96 to $12.88
The theme park operator said revenue fell as guests from Latin America dropped off amid economic turmoil there.
Callaway Golf Co., up 42 cents to $11
Callaway will face less competition after Nike said it will stop making golf equipment including clubs, balls and bags.
Kellogg Co., up $1.34 to $82.42
The maker of Frosted Flakes did better than expected in the second quarter as it cut costs, and it raised its forecasts for the year…

Continue Reading On canadianbusiness.com »

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