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What does the U.S. election outcome mean for Canadian investors? Oct 25th
In a few days, millions of Americans will head to the polls to vote for either Donald Trump or Joe Biden, while millions of Canadians will be in front of their screens, waiting to see how the night unfolds. But while it’s certainly going to be enthralling—and probably very long—evening,.... More »
For a child’s dreams, are parents going for gold, or broke? + MORE Aug 1st
The Olympics spark hope in many a child of going for the gold. But in financially supporting those dreams, some parents are going for broke.
For his 15-year old son’s travel hockey team, Tim Richmeier was spending about $5,000 a season: using his tax refunds, halting contributions to his 401(k.... More »
What’s driving Toronto house prices through the roof? Experts weigh in + MORE Apr 5th
The average selling prices of homes in the Greater Toronto Area skyrocketed last month, climbing 33.2 per cent from a year ago to $916,567. The latest data from the Toronto Real Estate Board comes as policy-makers mull potential measures to slow the rapid pace of price growth. Here are some of the f.... More »
State pension funds invested millions in hedge fund that controls “National Enquirer” parent - Fast Company + MORE Aug 30th
Fast CompanyState pension funds invested millions in hedge fund that controls “National Enquirer” parentFast CompanyThis story was co-published with MapLight and Capital & Main. During the last five years, taxpayers in New Jersey, Ohio and California have owned large financial stakes in the .... More »
Ghost insurance brokers. Staged collisions. How do I spot and prevent auto insurance fraud? Mar 27th
Fraudulent schemes are pushing up premiums in Ontario and are also tricky for drivers to spot, according to a poll by the Financial Services Regulatory Authority..... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Mt. Gox bitcoin exchange headed for liquidation after court rejects bankruptcy protection
– canadianbusiness.com
TOKYO – The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February.
An administrator will try to sell the company’s assets and many creditors, including those who had bitcoins with the exchange, are unlikely to get any money back.
After Mt Gox. went offline in February, its CEO Mark Karpeles said that 850,000 bitcoins worth several hundred millions dollars were unaccounted for, blaming a weakness in the exchange’s systems.
Later, Mt. Gox found 200,000 of the bitcoins, changing the estimate for the lost virtual currency to 650,000 bitcoins, although the exact amount is still under investigation. Mt Gox. has suggested the bitcoins were stolen. The company has not been able to confirm the bitcoin balances of its users…
Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would not be able to resurrect itself under a business rehabilitation process filed for in February.
An administrator will try to sell the company’s assets and many creditors, including those who had bitcoins with the exchange, are unlikely to get any money back.
After Mt Gox. went offline in February, its CEO Mark Karpeles said that 850,000 bitcoins worth several hundred millions dollars were unaccounted for, blaming a weakness in the exchange’s systems.
Later, Mt. Gox found 200,000 of the bitcoins, changing the estimate for the lost virtual currency to 650,000 bitcoins, although the exact amount is still under investigation. Mt Gox. has suggested the bitcoins were stolen. The company has not been able to confirm the bitcoin balances of its users…
Metro hikes dividend 20% as profit beats forecasts
– theglobeandmail.com
Grocer posts earnings per share of $1.07 from continuing operations; analysts had expected earnings of $1.02
Supermarket chain Metro reports Q2 profit of $96.9 million, sales rise 1.7%
– canadianbusiness.com
MONTREAL – Supermarket chain Metro Inc. (TSX:MRU) reports it had $96.9 million in net earnings in the second quarter ended March 15, down 73.3 per cent from an unusually high profit in the same quarter of 2013.
Last year’s second quarter had $362.7 million of net income, which included a gain from the sale of Metro’s investment in Alimentation Couche-Tard as (TSX:ATD.B).
Excluding certain items, Metro’s latest results were slightly above last year’s second-quarter adjusted net earnings, which were $96.4 million.
Adjusted earnings from continuing operations in the latest quarter improved to $1.07 per share from 98 cents per share last year. Overall sales were up 1.7 per cent year-year, rising to $2.55 billion from $2.51 billion.
The company’s adjusted earnings were five cents per share above analyst estimates after excluding unusual items.
Metro faces heightened competition, particularly in Ontario, from supermarket rivals such as Loblaws (TSX:L) and Sobeys (TSX:EMP), while its discount banner Food Basics is fending off expansion by Walmart (NYSE:TGT) and the first wave of openings by U…
Last year’s second quarter had $362.7 million of net income, which included a gain from the sale of Metro’s investment in Alimentation Couche-Tard as (TSX:ATD.B).
Excluding certain items, Metro’s latest results were slightly above last year’s second-quarter adjusted net earnings, which were $96.4 million.
Adjusted earnings from continuing operations in the latest quarter improved to $1.07 per share from 98 cents per share last year. Overall sales were up 1.7 per cent year-year, rising to $2.55 billion from $2.51 billion.
The company’s adjusted earnings were five cents per share above analyst estimates after excluding unusual items.
Metro faces heightened competition, particularly in Ontario, from supermarket rivals such as Loblaws (TSX:L) and Sobeys (TSX:EMP), while its discount banner Food Basics is fending off expansion by Walmart (NYSE:TGT) and the first wave of openings by U…
90 days – 1.60%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
