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How to handle a stock with a huge capital gain Jul 22nd
If you hold investments in a taxable non-registered account, then income tax considerations ought to be part of your investing decision-making process. Although capital gains tax rates in Canada are relatively low, with only 50% of a capital gain being taxable to an investor, the dollars of tax paya.... More »
Protests, court challenges, B.C. recount: Trans Mountain IPO comes at awkward time for Kinder Morgan May 21st
Kinder Morgan's plan to raise money for its Trans Mountain expansion through an initial public offering could not come at a more awkward time..... More »
CIBC hikes dividend as profit grows to $982 million + MORE Feb 25th
CIBC says its first-quarter profit grew six per cent to $982 million as earnings from its retail and business banking segment grew..... More »
The MoneySense Find a Qualified Advisor Tool + MORE Mar 21st
Welcome to the MoneySense Find a Qualified Advisor tool. We’ve partnered with the Financial Planning Association of Canada (FPAC) to create a directory of credentialled advisors providing financial planning and investing services across Canada. All of the advisors in our Find a Qualified Advisor t.... More »
Why not borrow heavily when interest rates are so low? Here’s why + MORE Apr 20th
(Illustration by Nicholas Little)
Q: Given today’s low interest rates, should I max out my business’s bank loan to bolster my cash flow?
“It’s true, you don’t pay much service for debt if you do a short-term draw while the interest rate is low,” says Jeffrey Sherman, a speaker on c.... More »
Celestica misses 4Q net income expectations, tops revenue forecasts
– canadianbusiness.com
TORONTO – TORONTO (AP) _ Celestica Inc. (CLS) on Wednesday reported fourth-quarter net income of $12.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had net income of 8 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The electronics manufacturing services company posted revenue of $1.51 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.43 billion.
For the year, the company reported profit of $66.9 million, or 42 cents per share. Revenue was reported as $5.64 billion.
For the current quarter ending in April, Celestica said it expects revenue in the range of $1.3 billion to $1.4 billion.
Celestica shares have dropped 11 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9…
On a per-share basis, the Toronto-based company said it had net income of 8 cents. Earnings, adjusted for one-time gains and costs, were 27 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The electronics manufacturing services company posted revenue of $1.51 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.43 billion.
For the year, the company reported profit of $66.9 million, or 42 cents per share. Revenue was reported as $5.64 billion.
For the current quarter ending in April, Celestica said it expects revenue in the range of $1.3 billion to $1.4 billion.
Celestica shares have dropped 11 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9…
Anglo American mulls sale of Brazilian nickel assets
– theglobeandmail.com
The miner is under immense pressure to strengthen its balance sheet with metal and mineral prices in the dumps
Alberta to announce new oil and gas royalty framework on Friday in Calgary
– canadianbusiness.com
CALGARY – Alberta Premier Rachel Notley will unveil the province’s new oil and gas royalty framework on Friday.
The announcement will take place in Calgary, a city that’s seen scores of job losses as a result of the crude oil price collapse.
Industry players have warned the NDP government against making any changes that would add to the pain during the downturn.
The policy will be based on recommendations by a panel headed by Dave Mowat, head of Crown-owned bank ATB Financial.
Other panel members include energy economist Peter Tertzakian, Leona Hanson, mayor of Beaverlodge, Alta., and former Alberta deputy finance minister Annette Trimbee.
The panel began its work in August and had hoped to finish its report by the end of last year.
The post Alberta to announce new oil and gas royalty framework on Friday in Calgary appeared first on Canadian Business – Your Source For Business News.
The announcement will take place in Calgary, a city that’s seen scores of job losses as a result of the crude oil price collapse.
Industry players have warned the NDP government against making any changes that would add to the pain during the downturn.
The policy will be based on recommendations by a panel headed by Dave Mowat, head of Crown-owned bank ATB Financial.
Other panel members include energy economist Peter Tertzakian, Leona Hanson, mayor of Beaverlodge, Alta., and former Alberta deputy finance minister Annette Trimbee.
The panel began its work in August and had hoped to finish its report by the end of last year.
The post Alberta to announce new oil and gas royalty framework on Friday in Calgary appeared first on Canadian Business – Your Source For Business News.
Biogen and Hess rise, Apple and Boeing fall
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Boeing Co., down $11.43 to $116.58
The aerospace and defence giant’s 2016 outlook fell short of Wall Street estimates.
Textron Inc., down $5.04 to $32.69
The maker of Cessna planes and Bell helicopters reported disappointing fourth-quarter results.
Tupperware Brands Corp., down $7.51 to $43.97
The company’s fourth-quarter profit and sales fell far short of estimates.
Total System Services Inc., down $6.78 to $39.22
The electronic payment services provider reported a smaller-than-expected profit and gave a weak forecast.
Hess Corp., up $2.04 to $36.85
The oil and gas producer said it will cut more costs, slashing exploration and production further.
Nasdaq
Apple Inc., down $6.57 to $93.42
The tech titan said growth in iPhone sales slowed down and forecast its first decrease in quarterly revenue since 2003.
Biogen Inc., up $13.39 to $273…
NYSE
Boeing Co., down $11.43 to $116.58
The aerospace and defence giant’s 2016 outlook fell short of Wall Street estimates.
Textron Inc., down $5.04 to $32.69
The maker of Cessna planes and Bell helicopters reported disappointing fourth-quarter results.
Tupperware Brands Corp., down $7.51 to $43.97
The company’s fourth-quarter profit and sales fell far short of estimates.
Total System Services Inc., down $6.78 to $39.22
The electronic payment services provider reported a smaller-than-expected profit and gave a weak forecast.
Hess Corp., up $2.04 to $36.85
The oil and gas producer said it will cut more costs, slashing exploration and production further.
Nasdaq
Apple Inc., down $6.57 to $93.42
The tech titan said growth in iPhone sales slowed down and forecast its first decrease in quarterly revenue since 2003.
Biogen Inc., up $13.39 to $273…
The Globe and MailCanadian dollar, TSX gain strength Wednesday as oil price risesMontreal GazetteTORONTO – The Canadian dollar and Toronto Stock Exchange gained strength as Wednesday's trading session progressed. The S&P/TSX composite index had been down shortly after the open but was up 131.11 points at 12,462.43, after three hours of …Canadian dollar, TSX gain strengthOrangeville Bannerall 215 news articles »
