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Making sense of the markets this week: October 15, 2023 + MORE Oct 13th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
A savvy millennial’s journey to early retirement + MORE Aug 13th
Save, invest, prosper with My Own Advisor.
A savvy millennial’s journey to early retirement For a few years now I’ve been inspired and motivated by early retirement. I’ve also been inspired by other investing stories. You can read some of those stories here. When it comes to our financ.... More »
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes - Reuters Apr 8th
Japan's Nikkei jumps 6%, rebounds from rout on market recovery hopes ReutersAsian shares gain and Japan’s Nikkei 225 jumps 6.5 per cent despite uncertainty over tariffs The Globe and MailJapan’s Nikkei 225 stock index up 5.5% as world markets gyrate under tariffs uncertaint.... More »
Five things to watch for in the Canadian business world in the coming week + MORE Oct 25th
TORONTO – Five things to watch in Canadian business this week:
Earnings galore: It’s a huge week for earnings reports, with a slew of oilpatch companies — including Suncor and Canadian Oil Sands, locked in a hostile takeover battle — reporting their third-quarter results. Among other.... More »
Oil prices drop sharply after Trump moves to reassure markets over Iran war - The Guardian + MORE Mar 10th
Oil prices drop sharply after Trump moves to reassure markets over Iran war The GuardianIran war live: Trump says conflict will be over soon; Gulf attacks continue Al JazeeraMarkets Monday: North American stock indexes swing positive, oil prices fall, after Trump suggests war n.... More »
The Next McDonald's Turnaround
– online.wsj.com
Shake Shack’s IPO is good news for anybody whose business is burgers and fries.90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Obama plans 19% tax on U.S. companies’ foreign earnings
– theglobeandmail.com
Fiscal budfet is seen as much a political document as a fiscal roadmap
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.
Traders to concentrate on oilpatch earnings/outlooks, January jobs data
– canadianbusiness.com
TORONTO – Earnings news and a heavy slate of economic data will set the tone on stock markets this week.
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor’s earnings are expected to come in at 43 cents, a long way from last year’s 66 cents.
But the big question is what sort of outlook can be expected in an environment where oil prices have plunged about 40 per cent just since the end of November. That is when OPEC ruled out cutting production levels to support prices that had already started to fall sharply from the highs of last summer.
“With the volatility in oil prices, it’s going to be near impossible for any oil company to give accurate guidance as to where things are going to go,” said Kash Pashootan, portfolio manager at Raymond James in Ottawa…
Investors will get the first of the quarterly earnings reports from energy sector heavyweights such as Imperial Oil (TSX:IMO) and Suncor Energy (TSX:SU).
Markets are already braced for lower profits. Analysts expect Imperial Oil to post earnings per share of 83 cents, down sharply from $1.24 a year ago. And Suncor’s earnings are expected to come in at 43 cents, a long way from last year’s 66 cents.
But the big question is what sort of outlook can be expected in an environment where oil prices have plunged about 40 per cent just since the end of November. That is when OPEC ruled out cutting production levels to support prices that had already started to fall sharply from the highs of last summer.
“With the volatility in oil prices, it’s going to be near impossible for any oil company to give accurate guidance as to where things are going to go,” said Kash Pashootan, portfolio manager at Raymond James in Ottawa…
