How to go about securing the best return for your investment in Canada.
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What will it take to re-energize oil stocks? + MORE Dec 1st
The energy sector has performed reasonably well in 2016, but you don’t have to ask an Albertan to know it’s still a long way off from what it was. What will it take to re-energize the oil stocks? Here are three key signals Lanny Pendill at Edward Jones says you need to watch before you top up th.... More »
Altcoins vs. bitcoin: What to consider while building your crypto portfolio + MORE Oct 20th
Cryptocurrencies have skyrocketed in popularity over the last couple of years. While bitcoin remains the “king of the hill” of virtual coins, some other altcoins (smaller cryptos) are gaining traction and market value, driven by broader acceptance among retail and institutional investors.
.... More »
Canada Disability Benefit news, updates and how to apply + MORE Jun 20th
The Canada Disability Benefit is here, and it’s about time. Nearly five years have passed since the benefit was first announced by the Liberal government in September 2020, as part of a broader disability inclusion plan. After many delays and much deliberation, the benefit received royal assent—.... More »
We did it – why we have a $10,000 emergency fund + MORE May 15th
Learn, save, invest and prosper with My Own Advisor.
A few years ago on this site, I wrote about stashing away a modest emergency fund. Here are my reasons for doing so which remain valid today:
It provides us with financial flexibility. When something goes wrong with my 12 year-old 16-year-old M.... More »
Royal Bank profit climbs 4% to $2.5B + MORE Aug 26th
Royal Bank of Canada will be raising its dividend to shareholders following a four per cent rise in third-quarter profit to $2.475 billion..... More »
The Globe and MailCANADA STOCKS-TSX hits 1-month low as NDP victory sends energy stocks …Reuters(Adds election details, market reaction, analysts comments). * TSX down 225.81 points, or 1.49 percent, at 14,948.13. * Nine of the TSX's 10 main groups decline. By Solarina Ho. TORONTO, May 6 (Reuters) – Canada's main stock index fell on Wednesday for …At midday: TSX hits one-month low in wake of Alberta electionThe Globe and MailToronto Stock Exchange falls as investors weigh impact of NDP win in AlbertaCalgary HeraldCasting blame for Canada's trade disaster: Don PittisCBC.caall 134 news articles »
Loblaw Companies Ltd. is reporting a big jump in first quarter profit as it benefits from major strategic moves, including the purchase of Shoppers Drug Mart.
Good savings habits are in your genes
– moneysense.ca
(Getty Images; Scott Tysick)When it comes to saving behaviour, it turns out your parents’ genes are far more valuable than any solid financial advice they may try to impart. That’s the finding of a new Journal of Political Economy paper, which found that 33% of the differences in our savings and investment decisions are determined by our genetic predisposition. In particular, they found that our financial habits are rooted in general self control, with poor savings behaviour genetically correlated with smoking and obesity. Good parenting helps, but its effect quickly fades once adult children reach their 20s and start becoming less financially dependent. By age 40, parenting had little or no impact at all. When it comes to money, nature beats nurture every time.
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The post Good savings habits are in your genes appeared first on MoneySense.
Husky Energy Inc profits plunge 71% on low oil and gas prices
– canadianbusiness.com
CALGARY – Husky Energy Inc. (TSX:HSE) has reported a 71 per cent drop in first-quarter earnings as it struggled with low oil and gas prices.
The company earned $191 million or 17 cents a share in the quarter, compared with $662 million or 66 cents a share in the first quarter of 2015. Earnings included a $203-million deferred tax recovery.
Husky’s average realized price for its upstream production in the quarter was $40.84 a barrel, compared with $72.21 last year.
Production rose 9.2 per cent to 356,000 barrels of oil equivalent per day for the quarter compared with 326,000 barrels in the same quarter last year.
Operating costs per barrel dropped 13 per cent to $14.87 a barrel from $17.21 in the first quarter of 2014. The company attributes the cost savings to lower cost production coming on stream and lower energy input costs.
The company had $3.2 billion in undrawn credit facilities at the end of the quarter.
The post Husky Energy Inc profits plunge 71% on low oil and gas prices appeared first on Canadian Business – Your Source For Business News.
The company earned $191 million or 17 cents a share in the quarter, compared with $662 million or 66 cents a share in the first quarter of 2015. Earnings included a $203-million deferred tax recovery.
Husky’s average realized price for its upstream production in the quarter was $40.84 a barrel, compared with $72.21 last year.
Production rose 9.2 per cent to 356,000 barrels of oil equivalent per day for the quarter compared with 326,000 barrels in the same quarter last year.
Operating costs per barrel dropped 13 per cent to $14.87 a barrel from $17.21 in the first quarter of 2014. The company attributes the cost savings to lower cost production coming on stream and lower energy input costs.
The company had $3.2 billion in undrawn credit facilities at the end of the quarter.
The post Husky Energy Inc profits plunge 71% on low oil and gas prices appeared first on Canadian Business – Your Source For Business News.
Lending Club stocks jumps, helped by signs that online lending industry continues to grow fast
– canadianbusiness.com
NEW YORK, N.Y. – Everyone wants in the Club.
Shares of Lending Club advanced 3 per cent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank.
It’s a positive bit of good news for a company whose the stock is down nearly 30 per cent year to date as investors wait to see if Lending Club, and its competition, become as big as some investors believe it will be.
Lending Club is the largest company in the peer-to-peer lending industry, which has become one of the hottest topics among investors in the past year. Lending Club is not a bank nor does it lend money itself. Like other peer-to-peer lending companies, Lending Club operates a website that puts potential borrowers and investors together. Lending Club earns revenue by charging a servicing fee on all loans it helps create.
The San Francisco-based company said it earned an adjusted profit of 2 cents per share on revenue of $81…
Shares of Lending Club advanced 3 per cent Wednesday after the company reported better-than-expected results and raised its full-year outlook as more people discover peer-to-peer lending as a cheaper alternative to a traditional bank.
It’s a positive bit of good news for a company whose the stock is down nearly 30 per cent year to date as investors wait to see if Lending Club, and its competition, become as big as some investors believe it will be.
Lending Club is the largest company in the peer-to-peer lending industry, which has become one of the hottest topics among investors in the past year. Lending Club is not a bank nor does it lend money itself. Like other peer-to-peer lending companies, Lending Club operates a website that puts potential borrowers and investors together. Lending Club earns revenue by charging a servicing fee on all loans it helps create.
The San Francisco-based company said it earned an adjusted profit of 2 cents per share on revenue of $81…
