How to go about securing the best return for your investment in Canada.
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Financial aid guide for university and college students in Canada + MORE Dec 2nd
Financial aid is rarely an after-thought, but student debt is often a bigger problem than most university and college students in Canada anticipate. Rising tuition fees and expenses of going to college or university have become increasingly large burdens to bear for students—many of whom are alrea.... More »
Selling stocks at a loss in a TFSA: What it means for your contribution room Apr 11th
Ask MoneySense
I lost $20,000 dollars in my TFSA account in the market correction, and my broker sold the losing stocks. Can I put more money in to bring me back up the to the limit the government allows?—Wayne
Capital losses in a TFSA
A capital loss is when you sell an investment at a lowe.... More »
Pembina Pipeline posts 1st-quarter profit of $74.3 million + MORE May 5th
CALGARY – CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported first-quarter earnings of $74.3 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3.... More »
'Strong but not stellar' quarter for Netflix shows higher profit, but slower subscriber growth + MORE Jul 17th
Netflix released second quarter earnings after stock markets closed on Monday, and while the streaming giant revealed it added fewer new customers than anticipated, it still added more than 5 million people to its customer base in the past three months..... More »
Stock market news for Canadian investors: Eli Lilly, BCE and more + MORE Feb 7th
Companies that reported earnings this week
Canada Goose
BCE
Bombardier
Suncor
Thomson Reuters
Eli Lilly
Lightspeed
Canada Goose (TSE: GOOS)
Q3 profit: $139.7 million or $1.42 per diluted share, up from $130.6 million or $1.29 per diluted share a year earlier
Q3 .... More »
A settlement over how to divide up a portion of the $7.3 billion US made from the sale of certain Nortel Networks assets may be nearing completion.
Canadians investing more of their paycheques
– moneysense.ca
Canadian investors now invest 14% of their income, up from 12.6% in 2013, according to the latest TD Investor Insights Index, and it may have something to rising stock markets and the confidence they have instilled. Nearly half of investors polled for the study said their portfolio has seen gains in the past 12 months and nearly as many expect the gains to continue.Bob Gorman, chief portfolio strategist at TD Wealth, says this rising confidence is helping investors get closer to their ideal goal of investing about a quarter of their income each year to meet their long-term financial goals. “With many investors expressing similarly positive views this year, we could see even higher levels of investment going forward.”
In fact, one in five investors said they’re planning to increase the proportion of income they invest if stock markets continue to improve.
“Even if markets slip back somewhat, there are great opportunities for investors to continue to earn solid returns if they choose a balanced portfolio that offers the prospect of growth while respecting their individual tolerance for risk,” Gorman said in a press release Monday…
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (15,172.93, down 42.03 points):
Orbite Aluminae Inc. (TSX:ORT). Miner. Up seven cents, or 11.67 per cent, to 67 cents on 7.6 million shares.
Eastern Platinum Ltd. (TSX:ELR). Unchanged at 11 cents on 7.3 million shares.
BlackBerry Ltd. (TSX:BB). Communications equipment. Up 64 cents, or 5.63 per cent, to $12.01 on 4.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 91 cents, or 3.63 per cent, to $25.95 on 3.3 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 64 cents, or 1.68 per cent, to $38.63 on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Down seven cents, or 0.32 per cent, to $21.75 on 2.8 million shares.
Toronto Venture Exchange (1,030.63, down 7.13 points):
Cap-Ex Iron Ore Ltd. (TSXV:CEV). Miner. Down one cent, or 50 per cent, to one cent on 6.7 million shares.
Canamex Resources Corp. (TSXV:CSQ)…
Toronto Stock Exchange (15,172.93, down 42.03 points):
Orbite Aluminae Inc. (TSX:ORT). Miner. Up seven cents, or 11.67 per cent, to 67 cents on 7.6 million shares.
Eastern Platinum Ltd. (TSX:ELR). Unchanged at 11 cents on 7.3 million shares.
BlackBerry Ltd. (TSX:BB). Communications equipment. Up 64 cents, or 5.63 per cent, to $12.01 on 4.5 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up 91 cents, or 3.63 per cent, to $25.95 on 3.3 million shares.
Fortis Inc. (TSX:FTS.IR). Utilities. Up 64 cents, or 1.68 per cent, to $38.63 on 2.9 million shares.
Manulife Financial Corp. (TSX:MFC). Insurance. Down seven cents, or 0.32 per cent, to $21.75 on 2.8 million shares.
Toronto Venture Exchange (1,030.63, down 7.13 points):
Cap-Ex Iron Ore Ltd. (TSXV:CEV). Miner. Down one cent, or 50 per cent, to one cent on 6.7 million shares.
Canamex Resources Corp. (TSXV:CSQ)…
Bank trading revenues expected to show another big gain in quarter
– theglobeandmail.com
National Bank Financial forecasts that the Big Six will report a gain of 7 per cent to $2.5-billion in the third quarter
Samsung’s operating profit hits 2-year low in Q2 on strong won, weak smartphone sales
– canadianbusiness.com
SEOUL, South Korea – Samsung Electronics Co. said its second-quarter operating income has declined to a two-year low hit by the strong local currency and slowing demand for smartphones in China.
The South Korean company said Tuesday in its earnings preview its operating income was 7.2 trillion won ($7.1 billion) for the three months ending June 30.
The quarterly profit represents a 24 per cent drop from the previous year. It is below analysts’ expectations of about 8 trillion won.
The figure was the lowest since the second quarter of 2012 when Samsung’s income stood at 6.5 trillion won. Since then, Samsung’s operating profit never fell below 8 trillion won, largely driven by robust sales of Galaxy smartphones.
Sales fell 10 per cent from the previous year to 52 trillion won in the latest period. It did not provide its quarterly net profit and breakdown for its four business divisions.
Samsung, which had usually not elaborated on its financial performance during the earnings preview and waited until its full earnings release at the end of the month, issued a rare statement to explain its disappointing result…
The South Korean company said Tuesday in its earnings preview its operating income was 7.2 trillion won ($7.1 billion) for the three months ending June 30.
The quarterly profit represents a 24 per cent drop from the previous year. It is below analysts’ expectations of about 8 trillion won.
The figure was the lowest since the second quarter of 2012 when Samsung’s income stood at 6.5 trillion won. Since then, Samsung’s operating profit never fell below 8 trillion won, largely driven by robust sales of Galaxy smartphones.
Sales fell 10 per cent from the previous year to 52 trillion won in the latest period. It did not provide its quarterly net profit and breakdown for its four business divisions.
Samsung, which had usually not elaborated on its financial performance during the earnings preview and waited until its full earnings release at the end of the month, issued a rare statement to explain its disappointing result…
