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HISAs vs. bonds and GICs: Where should Canadians hold their cash? + MORE Jan 9th
“Bonds are back,” you may have read on a financial news site or heard a financial advisor say recently. True enough, money is flowing into these fixed-income investments at the highest rate in years, and for good reasons.
In fact, Canadian savers have an abundance of good choices right now f.... More »
More Canadians are rethinking their bank. Should you? Jul 22nd
Clinton Begin was growing tired of frequent visits to bank branches and calling into the trading desk to check on various transactions. “There (were) a lot of things that just took too much of my time. I was always phoning, always going to visit them. It was always a big deal,” he recalled.
.... More »
Scheer accused of breaking law, falsely claiming he was once an insurance broker - National Post Sep 30th
Scheer accused of breaking law, falsely claiming he was once an insurance broker National PostLiberals ask for an investigation of Scheer's insurance industry credentials CBC NewsScheer would end Trudeau's experiment with less partisan Senate CTV NewsLiberals call fo.... More »
2017 Financial Goals – March Update + MORE Mar 16th
Save, invest, prosper with My Own Advisor.
In my previous update, outlining our 2017 financial goals, I told you my wife and I decided a long time ago we needed some financial goals defined so we have a hope of realizing them. Nothing has changed…
Our money goals for 2017 are rather simple but a.... More »
Taylor Swift Invests in Discounted Closed End Funds. Should You? May 18th
Taylor Swift is often called one of the savviest businesspeople in the music industry. And, in another demonstration of her money smarts, it was recently revealed that the 33-year-old pop superstar invests in a niche, elite investor-approved type of mutual fund.
Last weekend, Boaz Weinstein.... More »
The Globe and MailBombardier reports loss; Russian C Series order scaled backThe Globe and MailRussian aircraft lessor Ilyushin Finance Co. has scaled back its order for Bombardier Inc. C Series jets as the Canadian plane maker reported a slightly wider-than-expected loss for its latest quarter and reaffirmed previous full-year financial guidance.Bombardier reports big Q2 loss but says profitable growth is aheadCBC.caBombardier, Inc.: Collect a 9.2% DividendThe Motley Fool CanadaBombardier Inc reports quarterly loss as sales fall in commercial aircraft businessFinancial Postbnn.ca -Digital Journal -Wall Street Journal -Bloombergall 14 news articles »
Bombardier reports loss; Russian C Series order scaled back
– theglobeandmail.com
Transportation giant posted a slightly wider-than-expected loss in the latest quarter but also reaffirmed full-year financial guidance
Auto parts giant Magna earns US$558 million in Q2
– canadianbusiness.com
AURORA, Ont. – Magna International Inc. (TSX:MG) is reporting net income of US$558 million in the second quarter, a slight improvement for the Canadian auto parts giant compared with the same quarter a year ago.
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted earnings per share were equal to $1.41, up from $538 million or $1.29 in the second quarter of 2015.
Magna says it posted sales of $9.4 billion in the quarter — up 16 per cent from $8.1 billion — while North American and European light vehicle production volume increased two per cent and six per cent respectively.
The company’s complete vehicle assembly sales increased seven per cent in the quarter compared to last year while complete vehicle assembly volumes fell nine per cent.
The quarterly results come a day after Magna’s board approved a quarterly dividend of 25 cents per share.
Magna is one of the world’s largest auto parts makers with more than 300 factories around the world…
The Aurora, Ont.-based company — which reports in U.S. currency — says diluted earnings per share were equal to $1.41, up from $538 million or $1.29 in the second quarter of 2015.
Magna says it posted sales of $9.4 billion in the quarter — up 16 per cent from $8.1 billion — while North American and European light vehicle production volume increased two per cent and six per cent respectively.
The company’s complete vehicle assembly sales increased seven per cent in the quarter compared to last year while complete vehicle assembly volumes fell nine per cent.
The quarterly results come a day after Magna’s board approved a quarterly dividend of 25 cents per share.
Magna is one of the world’s largest auto parts makers with more than 300 factories around the world…
In Canada’s grocery wars, Metro has little panache, but aisles of discipline
– theglobeandmail.com
An analysis this year by the U.S. investment website Seeking Alpha ranked it the second-best grocery chain in all of North America
Telus turns in solid Q2 results, earnings slightly above estimates
– canadianbusiness.com
VANCOUVER – Telus Corp. (TSX:T) says its net profit, adjusted earnings and revenue were up from the same time last year as it attracted more customers to its wireless division as well as its residential Internet and Optik TV services.
At the end of the quarter, Telus had 12.49 million subscriber connections to all services, up from 12.34 million a year earlier. Declines in home landline phone customers and satellite TV offset some of the gains elsewhere.
The Vancouver-based company’s net income was $416 million — up 22 per cent from $341 million a year ago when Telus recorded a number of unusual items that reduced its net income.
After excluding certain items such as the impact of closing Black’s retail stores last year, adjusted earnings were up 2.2 per cent, rising to $415 million from $406 million.
This year’s second-quarter profit amounted to 70 cents per Telus share, both before and after adjustments. Last’s profit was 56 cents per share in net income and 66 cents per share in adjusted earnings…
At the end of the quarter, Telus had 12.49 million subscriber connections to all services, up from 12.34 million a year earlier. Declines in home landline phone customers and satellite TV offset some of the gains elsewhere.
The Vancouver-based company’s net income was $416 million — up 22 per cent from $341 million a year ago when Telus recorded a number of unusual items that reduced its net income.
After excluding certain items such as the impact of closing Black’s retail stores last year, adjusted earnings were up 2.2 per cent, rising to $415 million from $406 million.
This year’s second-quarter profit amounted to 70 cents per Telus share, both before and after adjustments. Last’s profit was 56 cents per share in net income and 66 cents per share in adjusted earnings…
