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Canada joins other high profile figures in skipping Saudi investment summit - Globalnews.ca + MORE Oct 19th
Globalnews.caCanada joins other high profile figures in skipping Saudi investment summitGlobalnews.caThe federal government has no intention of sending anyone to a major investment conference in Saudi Arabia next week at a time when Riyadh is the target of global outrage – and one source insists O.... More »
CIBC boosts dividend after posting third-quarter net income of $1.1B + MORE Aug 24th
CIBC is reporting nearly $1.1 billion of net income for its fiscal third quarter, and an increase to its quarterly dividend..... More »
Should you withdraw from non-registered or TFSA investments in retirement? + MORE Mar 8th
Ask MoneySense
I have stocks in my TFSA as well as some that are non-registered. I am at the point in my life (retired) now that I’d like to begin selling them and using the money. Do I sell from the TFSA account or just from the non-registered portfolio?—Catherine
TFSA versus non-registered.... More »
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage - gizmochina Feb 24th
PlayStation 5 to be in short supply till second half of 2021 due to chip shortage gizmochinaSony Finally Announces Next-Gen VR For PS5 KotakuSony Explains Why PS5 Stock Is So Hard To Find ForbesThe best free PS5 games Digital TrendsSemiconductor shortage m.... More »
Home Capital postpones earnings release date amid bid to restore confidence + MORE May 3rd
Mortgage lender says it will delay its first-quarter earnings disclosure until May 11 to include new updates
.... More »
The Globe and MailCANADA STOCKS-TSX ends lower as banks, healthcare sectors weakenReuters… * TSX down 97.08 points, or 0.67 percent, at 14,405.91. * Seven of 10 main sectors fall. By Alastair Sharp. TORONTO, Aug 6 (Reuters) – Canada's main stock index ended lower on Thursday, dragged down by weakness in the financial and healthcare …TSX snaps six-day rally as banks, healthcare sectors weakenFinancial PostOil prices fall below $45 US a barrel; stock markets in the redEdmonton Journal (blog)Canadian dollar up, North American markets down early ThursdayCTV NewsReuters Canada -Bloomberg -The Globe and Mailall 31 news articles »
Government open to public-private partnership for Exhibition Park
– canadianbusiness.com
HALIFAX – Nova Scotia’s minister of business says the province would be open to the possibility of a public-private partnership for Exhibition Park.
The government announced Thursday it plans to divest the facility just outside Halifax, after the unusually harsh winter left it in need of an estimated $9 million in repairs and upgrades.
Mark Furey said the 102,000-sq. ft. venue isn’t worth that investment for the government.
“What I would hope is that business would see an opportunity to invest in that property themselves, and use it for whatever purpose they deem fit,” Furey said.
A spokeswoman for Master Promotions, a company that holds five events at the facility every year, said company officials are hoping for a public-private partnership to keep Exhibition Park in operation.
Moira Pellerine, manager of marketing and operations, said the president of the company has expressed an interest in contributing private funding depending how negotiations go with the government…
The government announced Thursday it plans to divest the facility just outside Halifax, after the unusually harsh winter left it in need of an estimated $9 million in repairs and upgrades.
Mark Furey said the 102,000-sq. ft. venue isn’t worth that investment for the government.
“What I would hope is that business would see an opportunity to invest in that property themselves, and use it for whatever purpose they deem fit,” Furey said.
A spokeswoman for Master Promotions, a company that holds five events at the facility every year, said company officials are hoping for a public-private partnership to keep Exhibition Park in operation.
Moira Pellerine, manager of marketing and operations, said the president of the company has expressed an interest in contributing private funding depending how negotiations go with the government…
Cash for the Revolutionary Guards
– online.wsj.com
The nuclear deal is a financial windfall for Iran’s military wing. A prominent Alberta oil and gas company is blaming the provincial NDP government for a loss this quarter, saying its tax hike is the reason why it was not able to post a profit.
Agrium profits up despite Western Canada drought, record rain in U.S. corn belt
– canadianbusiness.com
CALGARY – A drought in Western Canada and record rainfall in parts of the U.S. corn belt hit Agrium Inc.’s (TSX:AGU) retail sales this spring but the agricultural supplier still reported higher earnings thanks to lower production costs and higher wholesale returns.
The company’s adjusted net earnings from continuing operations were US$675 million for the second quarter, up from US$625 million for the same quarter last year. Earnings per share were US$4.90, up from US$4.34 per share last year.
The increased earnings came despite a US$346 million drop in sales to US$6.99 billion, with retail sales making up US$237 million of the decrease.
On a conference call with investors Thursday, company president and CEO Chuck Magro blamed the decline in sales on the weather.
“Weather conditions across North America were challenging, with record amounts of moisture across most of the southern corn belt and southeast U.S. in June, and a serious drought in Western Canada.”
He said the drought, which saw rain levels on average 40 per cent below normal in areas of Saskatchewan, Alberta and British Columbia, had the biggest impact on retail sales…
The company’s adjusted net earnings from continuing operations were US$675 million for the second quarter, up from US$625 million for the same quarter last year. Earnings per share were US$4.90, up from US$4.34 per share last year.
The increased earnings came despite a US$346 million drop in sales to US$6.99 billion, with retail sales making up US$237 million of the decrease.
On a conference call with investors Thursday, company president and CEO Chuck Magro blamed the decline in sales on the weather.
“Weather conditions across North America were challenging, with record amounts of moisture across most of the southern corn belt and southeast U.S. in June, and a serious drought in Western Canada.”
He said the drought, which saw rain levels on average 40 per cent below normal in areas of Saskatchewan, Alberta and British Columbia, had the biggest impact on retail sales…
