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What do recent stock market gains really mean? Apr 12th
For the second week in a row, markets are up, with the S&P 500 climbing by about 12% between Monday, April 6, and Thursday, April 9, while the S&P/TSX Composite Index rose by 9.5%. (Markets were closed, perhaps thankfully, on Good Friday.) While stocks are still down by about 20% since Febru.... More »
Ford government's changes to children's aid societies miss what actually needs fixing, critics charge Jun 10th
The Supporting Children and Students Act would give province greater financial oversight of children’s aid societies, require increased transparency..... More »
Target raises profit forecast; earnings rise + MORE Nov 16th
Third-quarter earnings for Minneapolis-based retailer rose to $608-million from $549-million a year earlier
.... More »
Where are Nvidia’s chips made? Apr 15th
Nvidia announced Monday that it will produce its artificial intelligence (AI) super computers in the United States for the first time.
AP Photo
The tech giant said it has commissioned more than one million square feet of manufacturing space to build and test its specialized Blackwell chips in .... More »
News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs Nov 26th
Here’s a round-up of news for Canadian investors this week.
Barrick Mining
Alimentation Couche-Tard
Blue Ant Media
Brookfield
Featured RRSP Accounts
featured
EQ Bank
Build y.... More »
8 factors that really mess up Vancouver’s real estate prices
– moneysense.ca
(Barrett & MacKay/Getty Images)Vancouver’s real estate market is messed up. It’s really messed up. As a result it’s attracted a lot of attention. From media reports, to provincial scrutiny, to self-regulatory board actions, Canada’s most expensive real estate market is under the proverbial microscope. But what do we know for sure? Here’s a round-up of eight factors that are helping to push prices through the stratosphere in Vancouver and the lower mainland.
Factor #1. Foreign buyers
It’s not very Canadian to discuss the impact of immigration, particularly if it’s negative. But the truth is the Vancouver real estate market has felt the impact of foreign money—in particular, money from rich foreigners. Much of this money comes from mainland China. Also not a very Canadian thing to say. But it’s true. How do we know? Because the phenomenon has been tracked, studied and recorded—and not just in Vancouver.
Data collected by David Ley shows how, over the last few decades, metro Vancouver has become similar to other Pacific Rim “gateway” cities, such as Hong Kong, Singapore, London and Sydney…
American Airlines beats Street 1Q forecasts
– canadianbusiness.com
FORT WORTH, Texas – FORT WORTH, Texas (AP) _ American Airlines Group Inc. (AAL) on Friday reported first-quarter net income of $700 million.
The Fort Worth, Texas-based company said it had net income of $1.14 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The world’s largest airline posted revenue of $9.44 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $9.43 billion.
American Airlines shares have fallen 5.5 per cent since the beginning of the year. The stock has declined 22 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at http://www.zacks.com/ap/AAL
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Keywords: American Airlines, Earnings Report, Priority Earnings
The post American Airlines beats Street 1Q forecasts appeared first on Canadian Business – Your Source For Business News.
The Fort Worth, Texas-based company said it had net income of $1.14 per share. Earnings, adjusted for one-time gains and costs, came to $1.25 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The world’s largest airline posted revenue of $9.44 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $9.43 billion.
American Airlines shares have fallen 5.5 per cent since the beginning of the year. The stock has declined 22 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AAL at http://www.zacks.com/ap/AAL
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Keywords: American Airlines, Earnings Report, Priority Earnings
The post American Airlines beats Street 1Q forecasts appeared first on Canadian Business – Your Source For Business News.
Manitoba, Saskatchewan must say ‘yes’ to investment
– theglobeandmail.com
With electoral victories behind them, Manitoba premier-designate Brian Pallister and Saskatchewan Premier Brad Wall may usher in the next mini-boom on the Prairies
GE reports 1Q loss
– canadianbusiness.com
FAIRFIELD, Conn. (AP) _ General Electric Co. (GE) on Friday reported a loss of $98 million in its first quarter.
The Fairfield, Connecticut-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 21 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share.
The industrial conglomerate posted revenue of $27.85 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $28.98 billion.
GE expects full-year earnings in the range of $1.45 to $1.55 per share.
GE shares have fallen 0.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 2 per cent. The stock has risen 16 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
The Fairfield, Connecticut-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 21 cents per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 21 cents per share.
The industrial conglomerate posted revenue of $27.85 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $28.98 billion.
GE expects full-year earnings in the range of $1.45 to $1.55 per share.
GE shares have fallen 0.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 2 per cent. The stock has risen 16 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research…
NYSE moving to delist Aeropostale
– canadianbusiness.com
NEW YORK, N.Y. – Aeropostale says trading of its shares on the New York Stock Exchange has been suspended and that the exchange is moving to delist it.
The troubled teen retailer announced Friday that the NYSE has decided to start proceedings to delist its stock because of an “abnormally low” trading price.
Aeropostale Inc. said that it doesn’t plan to appeal the delisting determination and will start trading Friday on the OTCQX Best Market under the symbol “AROP.”
Last month Aeropostale announced that it was looking at several strategic options, including selling itself or restructuring the New York-based company. The chain has been struggling with falling sales for several years as more teens flock to so-called “fast-fashion stores” such as H&M and Forever 21.
The post NYSE moving to delist Aeropostale appeared first on Canadian Business – Your Source For Business News.
The troubled teen retailer announced Friday that the NYSE has decided to start proceedings to delist its stock because of an “abnormally low” trading price.
Aeropostale Inc. said that it doesn’t plan to appeal the delisting determination and will start trading Friday on the OTCQX Best Market under the symbol “AROP.”
Last month Aeropostale announced that it was looking at several strategic options, including selling itself or restructuring the New York-based company. The chain has been struggling with falling sales for several years as more teens flock to so-called “fast-fashion stores” such as H&M and Forever 21.
The post NYSE moving to delist Aeropostale appeared first on Canadian Business – Your Source For Business News.
