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Latest News
95% of profits don't go toward jobs, salaries & investment, report finds + MORE Oct 6th
Companies in the Standard & Poor's 500 index are set to spend $914 billion this year on share buybacks and dividends while skimping on capital investment and pay raises..... More »
Shares in Cameco up after Kazakhstan plans uranium production cuts + MORE Dec 4th
TORONTO _ Shares of Canadian miner Cameco Corp. (TSX:CCO) soared in trading Monday after a rival uranium producer announced plans to cut production.
Kazakhstan’s state-owned Kazatomprom announced it plans to reduce uranium production by 20 per cent for three years, starting in January.
Kazakhs.... More »
What is a non-registered account and how does it work? + MORE Mar 4th
You could consider opening a non-registered account if you’ve reached the contribution limits of your registered accounts, like your registered retirement savings plan (RRSP) and tax-free savings account (TFSA). Unlike a registered account, a non-registered account doesn’t offer tax benefits, bu.... More »
Canadian farmers held record amount of debt in 2016 relative to total asset value + MORE Sep 12th
While Farm Credit Canada is confident the industry’s financial resilience remains healthy, many challenges remain
.... More »
March 2016 Dividend Income Update + MORE May 1st
Learn, save, invest and prosper with My Own Advisor.
Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss my approach to investing focusing on dividend paying stocks and how reinvesting the dividends paid from the Canadian companies we .... More »
120 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
Canadian Western Bank posts record quarterly earnings of $56.6M; revenue up 11%
– canadianbusiness.com
EDMONTON – Canadian Western Bank (TSX:CWB) has reported record quarterly earnings in the third quarter amid an 11 per cent increase in total revenue.
Canadian Western, which offers a full range of business and personal banking services in Canada’s four western provinces, reported after markets closed Wednesday that net income available to common shareholders was $56.6 million or 70 cents per diluted share, from up from $47.5 million or 60 cents per share in the comparable prior-year period.
Adjusted cash earnings increased 16 per cent to 71 cents per share from 61 cents.
Total revenue on a tax equivalent basis was $159.8 million, up from $144 million, reflecting the positive impact of strong 12 per cent loan growth and a 22 per cent increase in non-interest income, which more than offset a 12 basis point decline in net interest margin to 2.58 per cent.
“Record earnings this quarter were driven by solid results across our banking, trust, insurance and wealth management businesses, as well as the impact of last quarter’s preferred share transactions,” Chris Fowler, CWB group president and chief executive said in a statement accompanying the earnings…
Canadian Western, which offers a full range of business and personal banking services in Canada’s four western provinces, reported after markets closed Wednesday that net income available to common shareholders was $56.6 million or 70 cents per diluted share, from up from $47.5 million or 60 cents per share in the comparable prior-year period.
Adjusted cash earnings increased 16 per cent to 71 cents per share from 61 cents.
Total revenue on a tax equivalent basis was $159.8 million, up from $144 million, reflecting the positive impact of strong 12 per cent loan growth and a 22 per cent increase in non-interest income, which more than offset a 12 basis point decline in net interest margin to 2.58 per cent.
“Record earnings this quarter were driven by solid results across our banking, trust, insurance and wealth management businesses, as well as the impact of last quarter’s preferred share transactions,” Chris Fowler, CWB group president and chief executive said in a statement accompanying the earnings…
Billionaire Ma emerges as China’s richest man before Alibaba IPO
– theglobeandmail.com
Alibaba founder worth $21.8-billion (U.S.) as e-commerce firm prepares massive initial public offering
National Bank profit up 10%
– cbc.ca
National Bank, Canada’s sixth largest bank, has reported a third-quarter net income of $441 million, up 10 per cent from the same quarter last year as the bank was helped by growth in its wealth management and financial markets services.
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-06-06. Click on the link above to get more details or apply online.
