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The U.S. wants Venezuelan oil. Does that undercut Canada's leverage in trade talks? - CBC Jan 10th
The U.S. wants Venezuelan oil. Does that undercut Canada's leverage in trade talks? CBCCanadian oilsands producers lose $8B of stock market value in 4 days Calgary HeraldThe past and potential of Venezuela’s oil sector, and what it means for Canada CTV NewsVenezuel.... More »
National Bank to buy Canadian Western Bank, household wealth jumps to record high and lessons from Swiss Chalet: Must-read business and investing stories - The Globe and Mail Jun 16th
National Bank to buy Canadian Western Bank, household wealth jumps to record high and lessons from Swiss Chalet: Must-read business and investing stories The Globe and MailView Full Coverage on Google News.... More »
Toys 'R' Us Canada files for creditor protection - CBC Feb 4th
Toys 'R' Us Canada files for creditor protection CBCToronto Toys “R” Us closure highlights Canada’s shrinking big-box toy retail scene NOW TorontoToys “R” Us Canada facing another lawsuit from landlord claiming it’s owed rent - Toronto Global NewsTOYS "R".... More »
Markets response to U.S. Federal Reserve Aug 24th
U.S. stocks rallied close to their records Friday after the head of the Federal Reserve finally said out loud what Wall Street has been expecting for a while: Cuts to interest rates are coming soon to help the economy.
The S&P 500 rose 1.1% after Fed Chair Jerome Powell said in a highly anti.... More »
Investment fees are eating your returns + MORE Mar 16th
How are your investment fees affecting your returns? A new site called the WealthGame.ca has the answer, but you may not like what you learn.
Larry Bates is the founder of WealthGame.ca, which aims to draw attention to the impact fees have on your portfolio. The 25-year financial services industry.... More »
At midday: TSX dips despite jump in materials stocks
– theglobeandmail.com
Wall Street falls as earnings from some big names disappoint
Apple Inc. will report fourth-quarter and full-year earnings after the close of trading Tuesday, with analysts expecting the tech giant to report a third straight quarterly revenue drop and its first drop in annual revenue in 15 years.
GM reports record 3Q earnings despite slowing US sales
– canadianbusiness.com
DETROIT – General Motors doesn’t seem too worried about slowing U.S. auto sales or economic troubles in Europe. If third-quarter numbers are any indication, the company has numbers to back that up.
The Detroit automaker reported a record profit on Tuesday that doubled results in the third quarter a year ago. And the automaker put a little more swagger behind its full-year guidance, predicting pretax earnings at the high end of previous forecasts of $5.50 to $6 per share.
GM earned $2.77 billion, or $1.76 per share, compared with $1.36 billion, or 84 cents per share a year ago. Revenue hit a record $42.8 billion.
The performance is largely because the company shunned low-profit sales to rental car companies in the U.S., keeping prices and profits high. GM also made $500 million off its Chinese joint venture and reduced losses by about $100 million each in Europe and South America.
“Very much on track to deliver the performance that we promised at the beginning of the year, which is higher profit, higher margins,” Chief Financial Officer Chuck Stevens said…
The Detroit automaker reported a record profit on Tuesday that doubled results in the third quarter a year ago. And the automaker put a little more swagger behind its full-year guidance, predicting pretax earnings at the high end of previous forecasts of $5.50 to $6 per share.
GM earned $2.77 billion, or $1.76 per share, compared with $1.36 billion, or 84 cents per share a year ago. Revenue hit a record $42.8 billion.
The performance is largely because the company shunned low-profit sales to rental car companies in the U.S., keeping prices and profits high. GM also made $500 million off its Chinese joint venture and reduced losses by about $100 million each in Europe and South America.
“Very much on track to deliver the performance that we promised at the beginning of the year, which is higher profit, higher margins,” Chief Financial Officer Chuck Stevens said…
Is your mortgage leaving you house poor?
– theglobeandmail.com
The Globe's Real Life Ratio is an answer to the self-interested housing affordability calculators offered by banks and the real estate industry
Apple’s earnings are imminent. Here's what to expect
– theglobeandmail.com
Tech giant’s fourth-quarter results will give the first major clues on how consumers responded to the new device
