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Swiss bank UBS in Hong Kong investigation for IPO work + MORE Oct 28th
HONG KONG – Swiss bank UBS says it’s being investigated by Hong Kong regulators over its work on some initial public offerings on the southern Chinese financial centre’s stock market.
UBS also said Friday that the city’s Securities and Futures Commission notified it this mont.... More »
The 20 best credit cards in Canada for June 2023 + MORE Jun 22nd
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The 20 best credit cards in Canada for 2023
Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required.
Find my perfect card*
.... More »
Are ETFs a good investment for an all-weather portfolio? + MORE Feb 2nd
For retirees and near retirees, it can sometimes seem like there’s no such thing as a “safe” investment—especially now. Even bonds and bond funds, typically considered the safest of investments—suffered losses in 2022, as central banks hiked interest rates. Meanwhile, stocks look determine.... More »
TD misses estimates with US retail hurt by interest rate cuts - BNNBloomberg.ca Feb 27th
TD misses estimates with US retail hurt by interest rate cuts BNNBloomberg.caTD Bank hikes dividend, profit falls short of forecasts The Globe and MailTD Bank misses expectations with U.S. retail hit by interest-rate cuts Financial PostNational Bank reports Q1 profit.... More »
Making sense of the markets this week: August 4, 2024 Aug 2nd
Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
Mixed results for Magnificent 7
The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news.
Microsoft .... More »
Business Highlights
– canadianbusiness.com
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Cyber Monday sales still on top, but losing some lustre
NEW YORK (AP) — Shoppers traded bricks for clicks on Monday, flocking online to snap up “Cyber Monday” deals.
However, the 10-year-old shopping holiday has lost some of its lustre as online sales on Thanksgiving and Black Friday have increased. But enough shoppers have been trained to look for “Cyber Monday” specific sales to ensure the holiday will still mean big bucks for retailers.
It’s too early for sales figures, but Monday is still expected to be the biggest online shopping day ever, likely racing up more than $3 billion in sales, according to comScore.
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IMF adds China’s yuan to basket of top currencies
WASHINGTON (AP) — The Chinese yuan will join a basket of the world’s leading currencies, the International Monetary Fund announced Monday.
The yuan will joins the U.S. dollar, euro, Japanese yen and the British pound as one of the currencies used for the global organization’s Special Drawing Rights, which serves as a standard for dealing with the financial reserves of its 188 member governments…
Cyber Monday sales still on top, but losing some lustre
NEW YORK (AP) — Shoppers traded bricks for clicks on Monday, flocking online to snap up “Cyber Monday” deals.
However, the 10-year-old shopping holiday has lost some of its lustre as online sales on Thanksgiving and Black Friday have increased. But enough shoppers have been trained to look for “Cyber Monday” specific sales to ensure the holiday will still mean big bucks for retailers.
It’s too early for sales figures, but Monday is still expected to be the biggest online shopping day ever, likely racing up more than $3 billion in sales, according to comScore.
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IMF adds China’s yuan to basket of top currencies
WASHINGTON (AP) — The Chinese yuan will join a basket of the world’s leading currencies, the International Monetary Fund announced Monday.
The yuan will joins the U.S. dollar, euro, Japanese yen and the British pound as one of the currencies used for the global organization’s Special Drawing Rights, which serves as a standard for dealing with the financial reserves of its 188 member governments…
5 things snowbirds should do to stay in the U.S.
– moneysense.ca
The U.S. government has a better idea than ever of how long you’ve been in the country, now that border officials routinely photograph your license plate and exchange information with Canadian authorities. “If you were able to bend the rules in the past, it ain’t going to fly any more,” says Terry Ritchie, a cross-border financial expert with Cardinal Point Wealth Management Inc. and co-author of The Canadian Snowbird in America (an updated edition is expected this Spring). Here are a few ways to stay in Uncle Sam’s good books.
A guide to achieving the snowbird lifestyle »
1. Keep count: 182 days
That’s how many days you’re allowed to stay in the U.S. during a calendar year on a visitor’s visa. In fact, the Canadian Snowbird Association suggests you avoid being in the U.S. longer than 182 days in any rolling 12-month period, to avoid contravening a common interpretation of the rule. Otherwise, you could be barred from re-entering the U.S.
2. Carry a “border binder”
Keep dates and locations of all your border crossings in a file, along with copies of property tax statements, utility bills and your most recent tax return should you need to provide evidence that your permanent home is in Canada…
A guide to achieving the snowbird lifestyle »
1. Keep count: 182 days
That’s how many days you’re allowed to stay in the U.S. during a calendar year on a visitor’s visa. In fact, the Canadian Snowbird Association suggests you avoid being in the U.S. longer than 182 days in any rolling 12-month period, to avoid contravening a common interpretation of the rule. Otherwise, you could be barred from re-entering the U.S.
2. Carry a “border binder”
Keep dates and locations of all your border crossings in a file, along with copies of property tax statements, utility bills and your most recent tax return should you need to provide evidence that your permanent home is in Canada…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,469.83, up 101.59 points):
Element Financial Corp. (TSX:EFN). Financial Services. Down 34 cents, or 1.95 per cent, to $17.10 on 17 million shares.
TransAlta Corp. (TSX:TA). Utilities. Down 19 cents, or 3.42 per cent, to $5.37 on 14.1 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 13 cents, or 2.29 per cent, to $5.55 on 12.6 million shares.
Enerplus Corp. (TSX:ERF). Oil and gas. Down 13 cents, or 1.94 per cent, to $6.56 on 10.7 million shares.
Seven Generations Energy Ltd. (TSX:VII). Oil and gas. Up 62 cents, or 4.12 per cent, to $15.67 on 9.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 12 cents, or 3.02 per cent, to $4.09 on 8.9 million shares.
Companies reporting major news:
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Up 23 cents, or 2.76 per cent, to $8.56 on 2.9 million shares. The Alberta Securities Commission issued a compromise ruling after markets closed saying COS can stall a hostile takeover bid by oilsands behemoth Suncor Energy (up 62 cents, or 1…
Toronto Stock Exchange (13,469.83, up 101.59 points):
Element Financial Corp. (TSX:EFN). Financial Services. Down 34 cents, or 1.95 per cent, to $17.10 on 17 million shares.
TransAlta Corp. (TSX:TA). Utilities. Down 19 cents, or 3.42 per cent, to $5.37 on 14.1 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 13 cents, or 2.29 per cent, to $5.55 on 12.6 million shares.
Enerplus Corp. (TSX:ERF). Oil and gas. Down 13 cents, or 1.94 per cent, to $6.56 on 10.7 million shares.
Seven Generations Energy Ltd. (TSX:VII). Oil and gas. Up 62 cents, or 4.12 per cent, to $15.67 on 9.8 million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up 12 cents, or 3.02 per cent, to $4.09 on 8.9 million shares.
Companies reporting major news:
Canadian Oil Sands Ltd. (TSX:COS). Oil and gas. Up 23 cents, or 2.76 per cent, to $8.56 on 2.9 million shares. The Alberta Securities Commission issued a compromise ruling after markets closed saying COS can stall a hostile takeover bid by oilsands behemoth Suncor Energy (up 62 cents, or 1…
Debt is another four-letter word for most of us
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.A while back on this site I wrote about my distaste for debt. For example, our bank owns close to half our home. Sure, there is “good debt” such as borrowing money for an appreciating asset (like a house) but a mortgage limits our cash flow for investment purposes, even with the low mortgage interest rates of today. Debt payments limit some of our options on how we can spend our money and therefore our time. Without debt, our income could be used to buy more appreciating assets (like more dividend paying stocks or equity ETFs) to fund our financial future. Instead, a good portion of our income services debt today. With debt we pay other people first.
Recently Statistics Canada announced that the ratio of household debt to disposable income in households rose to record levels. Credit cards are the usual suspects when it comes to debt, with mortgages and lines of credit along for the ride. I suspect it’s easy for folks to fall behind on debt payments because using credit is just so damn easy…
Aurcana posts 3rd-quarter loss of $6.5 million
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Aurcana Corp. (AUNFF) on Monday reported a loss of $6.5 million in its third quarter.
The Vancouver, British Columbia-based company said it had a loss of 8 cents per share. Losses, adjusted for asset impairment costs, were 6 cents per share.
The silver, copper and zinc mining company posted revenue of $6.8 million in the period.
In the final minutes of trading on Monday, the company’s shares hit 7 cents. A year ago, they were trading at 27 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUNFF at http://www.zacks.com/ap/AUNFF
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Keywords: Aurcana, Earnings Report
The post Aurcana posts 3rd-quarter loss of $6.5 million appeared first on Canadian Business – Your Source For Business News.
The Vancouver, British Columbia-based company said it had a loss of 8 cents per share. Losses, adjusted for asset impairment costs, were 6 cents per share.
The silver, copper and zinc mining company posted revenue of $6.8 million in the period.
In the final minutes of trading on Monday, the company’s shares hit 7 cents. A year ago, they were trading at 27 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUNFF at http://www.zacks.com/ap/AUNFF
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Keywords: Aurcana, Earnings Report
The post Aurcana posts 3rd-quarter loss of $6.5 million appeared first on Canadian Business – Your Source For Business News.
