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Latest News
Is Selling Your Home: A Smart Decision for Retirement? Jan 7th
For many people, owning a mortgage-free home in retirement can be a financially smart decision, as it allows them to keep their expenses low by only having to worry about property taxes, maintenance, utilities, and insurance. However, if your home is particularly valuable or no longer fits your n.... More »
Why Bay Street and Trudeau don’t see eye to eye Mar 18th
THE CANADIAN PRESS/Adrien Veczan
Prime Minister Justin Trudeau certainly has Bay Street in a tizzy. David Rosenberg, a famous economist who works for high-end wealth manager Gluskin Sheff + Associates, this week advised readers of his $1,000-a-year newsletter to sell Canadian stocks and convert thei.... More »
The Triple Threat of a Triple Bottom Line Dec 19th
If you hadn’t noticed already, Canada’s workforce is changing. It’s expected that by 2030, nearly 30% of it will be made up of Gen Z employees—bringing to the office greater expectations for social good and the triple bottom line. Among mental health, climate change and other social issues i.... More »
Canadian banks set to reveal 1st earnings since CBC coverage on sales practices + MORE May 22nd
The Canadian banks are expected to benefit from rising U.S. interest rates and fewer bad loans in the oilpatch as they start reporting their latest quarterly results this week, but analysts say worries about the housing market and consumer debt remain key concerns..... 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 »
A tale of two retailers: Dollarama profits soar, while Sears Canada falters
– canadianbusiness.com
TORONTO – Two Canadian companies reported vastly different financial results Wednesday, with Dollarama’s profits soaring and Sears Canada continuing to falter.
Their finances hint at how legacy retailers can struggle to respond to a shifting shopping landscape while newer entrants thrive because they’re not bogged down by past investments, says one marketing expert.
Sears Canada (TSX:SCC) reported a $63.6 million net loss in its first quarter ended April 30, up from $59.1 million in the same period a year earlier, as it announced it was ramping up its cost-cutting efforts this year. Overall revenue was down 14.5 per cent, dropping to $595.9 million from $697.2 million.
Dollarama (TSX:DOL), on the other hand, recorded a 28.4 per cent jump in its net income in the first quarter, rising to $83.2 million from $64.8 million. Its revenue shot up 13.2 per cent to $641 million from $566.1 million, in part because its retail network grew to 1,038 stores from 972 a year earlier…
Their finances hint at how legacy retailers can struggle to respond to a shifting shopping landscape while newer entrants thrive because they’re not bogged down by past investments, says one marketing expert.
Sears Canada (TSX:SCC) reported a $63.6 million net loss in its first quarter ended April 30, up from $59.1 million in the same period a year earlier, as it announced it was ramping up its cost-cutting efforts this year. Overall revenue was down 14.5 per cent, dropping to $595.9 million from $697.2 million.
Dollarama (TSX:DOL), on the other hand, recorded a 28.4 per cent jump in its net income in the first quarter, rising to $83.2 million from $64.8 million. Its revenue shot up 13.2 per cent to $641 million from $566.1 million, in part because its retail network grew to 1,038 stores from 972 a year earlier…
Suncor stock offering flying off the shelves
– theglobeandmail.com
$2.5-billion equity offering is two times oversubscribed, with the vast majority of shares going to dozens of institutional investors in North America and beyond
RioCan teams up with developers for Toronto real estate project
– theglobeandmail.com
REIT partners with Tricon Capital Group and Diamond Corp. for combined retail and residential project
US stocks extend gains as mining and machinery makers rise
– canadianbusiness.com
NEW YORK, N.Y. – Stocks rose for the third day in a row Wednesday as machinery and mining companies traded higher. Oil prices also continued their rise, and stocks and oil prices are at their highest in almost a year.
Metals prices jumped as the dollar got weaker. Also trading higher were makers of beverages and other consumer goods. That’s because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won’t last: the Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It’s not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4 per cent, to 18,005…
Metals prices jumped as the dollar got weaker. Also trading higher were makers of beverages and other consumer goods. That’s because a weaker dollar could mean better sales and bigger profits for U.S. companies that do a lot of business overseas.
Kate Warne, an investment strategist for Edward Jones, said the dollar weakness won’t last: the Federal Reserve is preparing to eventually raise interest rates, which will make the dollar stronger, while stimulus policies of central banks in Europe and Japan will cause their own currencies to depreciate.
“The dollar will bounce around,” she said. “It’s not likely to weaken a whole lot given the gap in central bank policies.”
The Dow Jones industrial average rose 66.77 points, or 0.4 per cent, to 18,005…
The federal government is conducting an in-depth examination of the country’s real estate markets as it decides whether more changes are needed to rein in escalating prices or curb the impact of foreign investment on housing affordability, Finance Minister Bill Morneau told a conference Wednesday.
