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Robo-adviser investment firms seek rule changes from OSC on know-your-client conversations + MORE Jan 29th
Online investment firms want the ability to register clients without having to first undertake a phone call to complete forms
.... More »
Know your TFSA contribution limit + MORE Nov 2nd
For Canadian investors and savers, it’s always some of the best news to come each year: new TFSA room that becomes available each January 1. For 2024, the TFSA contribution limit is $7,000, and for 2023, it is $6,500.
The actual TFSA yearly limit was set at $5,000 back in 2009 when the investm.... More »
Wal-Mart beats 3Q profit forecasts + MORE Nov 17th
BENTONVILLE, Ark. (AP) _ Wal-Mart Stores Inc. (WMT) on Thursday reported fiscal third-quarter net income of $3.03 billion.
On a per-share basis, the Bentonville, Arkansas-based company said it had net income of 98 cents.
The results exceeded Wall Street expectations. The average estimate of 13 analy.... More »
Trump Organization CFO Allen Weisselberg reportedly granted immunity - CBC.ca Aug 25th
CBC.caTrump Organization CFO Allen Weisselberg reportedly granted immunityCBC.caFederal prosecutors have granted immunity to the Trump Organization's chief financial officer in an investigation involving U.S. President Donald Trump's former personal lawyer, Michael Cohen, the Wall Street J.... More »
'Mismanagement ... must be corrected': Education minister launches financial audit of CBE - Calgary Herald Nov 20th
'Mismanagement ... must be corrected': Education minister launches financial audit of CBE Calgary HeraldEducation Minister orders CBE audit following decision to cut 300 temporary teachers CTV NewsCalgary Board of Education to cut 300 temporary teachers amid $32M shortfall .... More »
BlackBerry to end internal hardware development
– macleans.ca
REUTERS/Mark Blinch – RTX1HRYWWATERLOO, Ont. — BlackBerry says it plans to end all internal hardware development _ signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo, Ont.
The hardware development work will be outsourced to BlackBerry’s partners.
The move was announced by BlackBerry chairman and CEO John Chen as the company issued its latest financial report this morning.
He says that ending internal hardware development will reduce BlackBerry’s capital requirements and enhance return on invested capital.
BlackBerry says it had a US$372 million net loss in the three months ended Aug. 31, equivalent to 71 cents per share, but broke even after excluding certain items.
Revenue, which is reported in U.S. dollars, was $334 million or $352 million after adjustments that was below analyst estimates of $391.75 million.
The post BlackBerry to end internal hardware development appeared first on Macleans…
Quebec newspapers seek government help to ensure survival
– canadianbusiness.com
MONTREAL – Several newspaper publishers in Quebec have formed a coalition to demand that the provincial government establish a funding program to help them shift to digital.
The coalition says its members are all confronted with declining revenue, in part because advertising money has flowed toward social media platforms.
To help the print media, the coalition is asking the province to set up a five-year temporary financial assistance program for newspapers and to abolish the sales tax on newspapers sold.
It also seeks a refundable tax credit covering 40 per cent of the production costs and 50 per cent of their investments in digital platforms.
The coalition also wants a “significant increase” in the government budget for advertising in Quebec newspapers as they go through what Groupe Capitales Medias president and CEO Claude Gagnon calls a “profound re-examination” of their business models.
Brian Myles, the director of Montreal’s Le Devoir newspaper, says the group wants the government to grant a “cultural exception” for the province’s print news industry, arguing daily and weekly newspapers are “vital to preserving a diversity of media voices” and enriching debate in the province…
The coalition says its members are all confronted with declining revenue, in part because advertising money has flowed toward social media platforms.
To help the print media, the coalition is asking the province to set up a five-year temporary financial assistance program for newspapers and to abolish the sales tax on newspapers sold.
It also seeks a refundable tax credit covering 40 per cent of the production costs and 50 per cent of their investments in digital platforms.
The coalition also wants a “significant increase” in the government budget for advertising in Quebec newspapers as they go through what Groupe Capitales Medias president and CEO Claude Gagnon calls a “profound re-examination” of their business models.
Brian Myles, the director of Montreal’s Le Devoir newspaper, says the group wants the government to grant a “cultural exception” for the province’s print news industry, arguing daily and weekly newspapers are “vital to preserving a diversity of media voices” and enriching debate in the province…
BlackBerry to end internal hardware development, work to be outsourced
– canadianbusiness.com
WATERLOO, Ont. – BlackBerry says it plans to end all internal hardware development — signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo, Ont.
The hardware development work will be outsourced to BlackBerry’s partners.
“We are reaching an inflection point with our strategy,” BlackBerry chairman and CEO John Chen said in a statement.
“The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital.”
The move is part of Chen’s efforts to turn around the company, once a highly profitable global leader in smartphone technology that has been displaced by products from Apple, Samsung and others.
The company’s stock rose slightly in pre-market trading after the announcement. BlackBerry stock traded at US$8.18 per share about 90 minutes before regular trading began, up about four per cent from Tuesday’s close at Nasdaq…
The hardware development work will be outsourced to BlackBerry’s partners.
“We are reaching an inflection point with our strategy,” BlackBerry chairman and CEO John Chen said in a statement.
“The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital.”
The move is part of Chen’s efforts to turn around the company, once a highly profitable global leader in smartphone technology that has been displaced by products from Apple, Samsung and others.
The company’s stock rose slightly in pre-market trading after the announcement. BlackBerry stock traded at US$8.18 per share about 90 minutes before regular trading began, up about four per cent from Tuesday’s close at Nasdaq…
Avoid the kitchen renovation with these smart hacks
– moneysense.ca
(Flickr/Fieldstone Cabinetry)Frustrated by an unorganized kitchen. Rather than ripping out your cabinets, to install customized drawers and shelves—a solution that can add thousands to your remodel budget—consider a few of these after-market solutions.
By using or modifying a few off-the-shelf solutions, you not only keep the costs for organizing your cook space to a minimum—as little as $13 for a pot holders—but the hacks also make your kitchen more efficient and much safer, as well.
For more kitchen renovation tips, see our Ultimate kitchen renovation guide »
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The post Avoid the kitchen renovation with these smart hacks appeared first on MoneySense.
CBC.caBlackBerry to exit hardware business, posting $372M loss in quarterCBC.caBlackBerry Ltd will outsource manufacturing of its once-core hardware, including its flagship smartphone, the Waterloo-Ont.-based company said on Wednesday as it reported another loss and sharp drop in revenue. The company also said chief financial …BlackBerry to end internal hardware development after $372M Q2 net lossMobileSyrup.comBlackBerry to end internal hardware development, outsource functionCTV NewsBlackBerry exits hardware business after another quarterly lossITBusiness.caAm980 London News -Stockhouse -The Verge -CNETall 167 news articles »
