Amaya’s PokerStars takes big share of New Jersey market after just one month + MORE May 17th

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Smart Beta ETFs for your Portfolio + MORE Dec 6th

Save, invest, prosper with My Own Advisor. The boom of the Exchange Traded Fund (ETF) industry over the last decade has been great for many financial firms but also great for retail investors.  Many ETFs help investors simplify their portfolio and keep their investing costs low.  These are two hal.... More »
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How can you start investing in stocks? We make it make sense + MORE Mar 14th

This week, our question comes from 23-year-old Lea. She asks, “What are some basics on entering the stock market and investing in stocks for a first-timer?”.... More »
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Great West Life acquires EverWest in U.S. real estate push + MORE Feb 2nd

TORONTO _ Great-West Lifeco’s real estate arm has acquired the business of Colorado-based EverWest Real Estate Partners, marking its first move into the U.S. The terms of the deal announced today were not disclosed. The president of GWL Realty Advisors says the acquisition of EverWest provides.... More »
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The close: TSX dips as oil price drop offsets bank earnings + MORE May 25th

S&P 500 hits record high after upbeat retail results .... More »
Oil prices are up three per cent today as U.S. investment bank Goldman Sachs says the supply glut has vanished.

Continue Reading On cbc.ca »

OTTAWA – The Canadian Real Estate Association says home sales in April set a new record for the month as they gained 10.3 per cent compared with a year ago.
The industry organization says sales in April were up in about 70 per cent of all local markets compared with a year ago, boosted by markets in B.C. and the Toronto region.
Compared with March, sales were up 3.1 per cent in April.
4 changes in B.C.’s hot real estate market »
The national average price for homes sold in April was $508,097, up 13.1 per cent compared with a year ago.
Excluding the Greater Vancouver and Greater Toronto markets, the average price was $369,222, up 8.7 per cent from April 2015.
Newly listed homes were down 0.2 per cent in April compared with March. The national sales-to-new listings ratio rose to 64.5 per cent in April, the ratio’s tightest reading since October 2009.
The post Home sales hit nationwide record for April appeared first on MoneySense.

Continue Reading On moneysense.ca »

Amaya had $55.5-million in net earnings from continuing operations in the quarter, up from $23.3-million a year earlier

Continue Reading On theglobeandmail.com »

MONTREAL – Amaya’s PokerStars captured 46 per cent of New Jersey’s online poker revenue in the first full month of operation in April, the online gambling company said Monday as it released first-quarter results.
The Montreal-based company said PokerStars is helping to grow the New Jersey market, which the state Department of Gaming Enforcement estimated increased about 30 per cent over the course of last month.
Amaya (TSX:AYA), which has switched to reporting in U.S. dollars, had US$55.5 million in net earnings from continuing operations in the quarter, up from US$23.3 million a year earlier.
Excluding one-time items, adjusted profits surged 26 per cent to almost US$85 million or 43 cents per diluted share. That compared with $67.4 million or 34 cents per share in the first quarter of 2015. Revenues for the three months ended March 31 grew six per cent to US$288.7 million.
Amaya said several potential buyers, including a group headed by former CEO David Baazov, have entered into confidentiality agreements with Amaya and are conducting due diligence…

Continue Reading On canadianbusiness.com »

A new way to build a portfolio

– theglobeandmail.com

Some advisers are asking not what your risk tolerances are but rather what your financial hopes and dreams require

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