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Alimentation Couche Tard feels ongoing pain from weak economy in Western Canada + MORE Mar 14th
Challenging economic conditions in Western Canada continued to weigh down on Alimentation Couche-Tard in the third quarter, despite the addition of 278 former Esso locations in Ontario and Quebec, the company said Tuesday.
Merchandise revenues from stores open for at least a year decreased by 0.9 pe.... More »
Scotiabank hikes dividend as profit beats expectations + MORE Feb 27th
The Bank of Nova Scotia raised its dividend Tuesday as it reported better-than-expected adjusted profit of roughly $2.275 billion for its first quarter, with strong earnings internationally as well as at home..... More »
Weekend Reading – Budgets suck, higher rates, safe stocks, Robos and #money stuff Jul 15th
Save, invest, prosper with My Own Advisor.
Weekend Reading Welcome to my latest Weekend Reading edition. I hope you had a great week. Here are my articles from the past week: This post outlined Sure Dividend’s favourite Canadian dividend stocks (as well as my own). I wondered who wants to .... More »
Japan defends Toyota after Trump broadside over Mexican plant - The Globe and Mail + MORE Jan 6th
FortuneJapan defends Toyota after Trump broadside over Mexican plantThe Globe and MailThe Japanese government defended Toyota Motor Corp on Friday as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the auto maker and threatened to slap puniti.... More »
The best GIC rates in Canada for 2025 + MORE Jun 30th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
NB Power records $15M net loss in first quarter, pays down $16M in debt
– canadianbusiness.com
FREDERICTON – NB Power says a net loss of $15 million during the first quarter was due in part to an unplanned outage at the Point Lepreau nuclear generating station.
The utility says despite the net loss, they were able to pay down $16 million in debt and anticipate positive earnings this year.
The Crown corporation says expenses increased $27 million during the first quarter because of the unplanned outage.
The company says its overall revenue was up by $12 million, due to a two per cent rate increase in October 2014 and an increase of out-of-province sales.
The Point Lepreau nuclear generating station was shut down for about a month this spring due to problems with a fuelling machine and heat transport system.
The 660 megawatt generating station produces enough electricity to power more than 333,000 homes.
The post NB Power records $15M net loss in first quarter, pays down $16M in debt appeared first on Canadian Business – Your Source For Business News.
The utility says despite the net loss, they were able to pay down $16 million in debt and anticipate positive earnings this year.
The Crown corporation says expenses increased $27 million during the first quarter because of the unplanned outage.
The company says its overall revenue was up by $12 million, due to a two per cent rate increase in October 2014 and an increase of out-of-province sales.
The Point Lepreau nuclear generating station was shut down for about a month this spring due to problems with a fuelling machine and heat transport system.
The 660 megawatt generating station produces enough electricity to power more than 333,000 homes.
The post NB Power records $15M net loss in first quarter, pays down $16M in debt appeared first on Canadian Business – Your Source For Business News.
Fed Vice Chair Fischer leaves door open for a Sept. rate hike, saying inflation likely to rise
– canadianbusiness.com
WASHINGTON – Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank’s target level have likely begun to fade.
Fischer said there’s “good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” He said, for example, that some effects of a stronger dollar and a plunge in oil prices — key factors in holding down inflation — have already started to diminish.
The vice chairman’s remarks came in a speech at an annual economic conference in Jackson Hole, Wyoming. Investors have been trying to determine whether the Fed might still be on course to raise rates after its Sept. 16-17 meeting given the recent turbulence in financial markets and worries about China’s economy, which had raised doubts. In addition, inflation has remained persistently below the Fed’s 2 per cent target rate…
Fischer said there’s “good reason to believe that inflation will move higher as the forces holding down inflation dissipate further.” He said, for example, that some effects of a stronger dollar and a plunge in oil prices — key factors in holding down inflation — have already started to diminish.
The vice chairman’s remarks came in a speech at an annual economic conference in Jackson Hole, Wyoming. Investors have been trying to determine whether the Fed might still be on course to raise rates after its Sept. 16-17 meeting given the recent turbulence in financial markets and worries about China’s economy, which had raised doubts. In addition, inflation has remained persistently below the Fed’s 2 per cent target rate…
Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66
– canadianbusiness.com
Billionaire investor Warren Buffett’s company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 per cent of the Houston company’s stock.
In late 2013, the Omaha, Nebraska, company agreed to trade about $1.4 billion of its Phillips 66 stock for one of the refiner’s businesses that makes additives to help crude oil flow through pipelines.
Many investors watch Berkshire Hathaway filings closely because they like to copy Buffett’s moves given his successful record.
Phillips 66 shares closed at $77.23 Friday and have advanced about 8 per cent so far this year.
The post Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66 appeared first on Canadian Business – Your Source For Business News.
A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 per cent of the Houston company’s stock.
In late 2013, the Omaha, Nebraska, company agreed to trade about $1.4 billion of its Phillips 66 stock for one of the refiner’s businesses that makes additives to help crude oil flow through pipelines.
Many investors watch Berkshire Hathaway filings closely because they like to copy Buffett’s moves given his successful record.
Phillips 66 shares closed at $77.23 Friday and have advanced about 8 per cent so far this year.
The post Berkshire Hathaway builds stake worth nearly $4.5 billion in refiner oil Phillips 66 appeared first on Canadian Business – Your Source For Business News.
CHANNELS TELEVISIONThailand issues arrest warrant for suspect in second blastWashington PostBANGKOK — Thai authorities arrested a foreign man Saturday, whom they said had been holed up in a suburban apartment with bomb-making equipment and stacks of passports, in the first possible breakthrough in the deadly bombing at a Bangkok shrine …Thai police arrest foreign man over Bangkok bombingBrisbane TimesThai police charge foreign man over Bangkok bombingHindustan TimesThai police make arrest in Bangkok Erawan Shrine bombingThe Australian Financial ReviewBusiness Recorder (press release) (blog) -Bangkok Postall 1,002 news articles »
