How to go about securing the best return for your investment in Canada.
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Canadian Securities Administrators Ignore Rule #1 about Rules + MORE Apr 30th
What's rule #1? A rule is not a rule unless it's enforced. Any two year old knows that if the parents say to do or not do something, unless there is a sanction that is actually applied, you can behave as you want. The rule doesn't actually exist in any practical sense. And they do.The CSA is exactly.... More »
A bubble in pot stocks, David Rosenberg's warning to bulls, and why yield chasers need to be wary + MORE Dec 9th
A roundup of investment ideas for active investors
.... More »
What to do with your extra cash + MORE May 24th
(Getty Images)
Q: I am turning 30 this year and make around $60,000 a year and was wondering what the best thing to do with some extra money is? I have $10,000 saved in an emergency fund sitting in a high-interest bank account at my bank, so I am covered in case of emergency. Is this the best plac.... More »
Regulators close Edgebrook Bank of Chicago in the fifth bank failure of 2015 + MORE May 9th
NEW YORK, N.Y. – Regulators have closed a small bank in Chicago, marking the fifth failure of a federally insured bank 2015.
Edgebrook Bank was closed by the Illinois Department of Financial & Professional Regulation on Friday. Republic Bank of Chicago agreed to buy $79.7 million of the fa.... More »
Markets need active investors more than ever + MORE Apr 15th
(Illustration by Sam Island)
I am a firm believer in stock picking. I think stock picking, with the right process and the right temperament, works. Stock pickers, at least the ones I track, in the long run tend to outperform. As a result, the growth in exchange-traded funds, which are investment .... More »
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
George Weston hikes dividend, posts lower profit
– theglobeandmail.com
Food giant posts earnings per share of 78 cents in the first quarter, down from $1.19 a year earlier
George Weston reports a drop in Q1 net earnings but has higher sales
– canadianbusiness.com
TORONTO – George Weston Ltd. (TSX:WN) reported a drop in its first quarter profit and warned of ongoing earnings pressure amid higher costs and expansion plans.
The company, which has been struggling as customers continue to turn away from frozen and baked goods and toward healthier food choices, posted a profit of $109 million, down 32.7 per cent, from $162 million in the same quarter of 2013.
Earnings per share were 78 cents compared with $1.19 year-over-year with the Toronto company saying the decrease was due to the year-over-year unfavourable impact of the forward sale agreement for 9.6 million Loblaw common shares and a number of other items.
Adjusted earnings per share remained flat at 83 cents and adjusted operating income increased to $318 million from $313 million year-over-year, while sales were up 1.6 per cent at $7.61 billion.
Loblaw completed a $12.4-billion deal to acquire Shoppers Drug Mart at the end of March, a purchase that will allow it to better compete against retail giants such as Walmart and provide cash flow of about $1 billion to pay down debt…
The company, which has been struggling as customers continue to turn away from frozen and baked goods and toward healthier food choices, posted a profit of $109 million, down 32.7 per cent, from $162 million in the same quarter of 2013.
Earnings per share were 78 cents compared with $1.19 year-over-year with the Toronto company saying the decrease was due to the year-over-year unfavourable impact of the forward sale agreement for 9.6 million Loblaw common shares and a number of other items.
Adjusted earnings per share remained flat at 83 cents and adjusted operating income increased to $318 million from $313 million year-over-year, while sales were up 1.6 per cent at $7.61 billion.
Loblaw completed a $12.4-billion deal to acquire Shoppers Drug Mart at the end of March, a purchase that will allow it to better compete against retail giants such as Walmart and provide cash flow of about $1 billion to pay down debt…
Barclays earnings hit by sharp fall in investment bank
– theglobeandmail.com
Throws a spotlight on overhaul of the flagging business due to be unveiled in two days by the British bank
