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Latest News
Bank of Montreal boosts dividend, reports $1.25B quarterly profit May 30th
The Bank of Montreal joined its peers in delivering second-quarter profits that beat expectations as Canada's Big Five banks earned a collective $10.6 billion — up nearly 11 per cent from a year ago..... More »
Debate peaks over vast coastal Southern California oil land Sep 3rd
NEWPORT BEACH, Calif. – The vast, dusty stretch of land in one of Southern California’s wealthiest beachfront communities is littered with rusting pipes from once-thriving oil production.
Beneath its drought-stricken exterior, however, environmentalists say the Newport Beach property is .... More »
Nearly one in six could not handle $500 increase in mortgage payment: poll + MORE Oct 6th
OTTAWA – Nearly one in six Canadians would not be able to handle a $500 increase in their monthly mortgage payments, a new survey from the Bank of Montreal suggests.
According to the bank, 16 per cent of respondents said they would not be able to afford such an increase, while more than a quar.... More »
CEOs say Trump policies hurt business, investment Jan 23rd
Foreign direct investment to the United States fell in 2018, and companies gathered at the World Economic Forum in the Swiss Alps this year say they are worried Trump's trade war with China will dampen the global economy and business investments even further..... More »
Weekend Reading – Budgets suck, higher rates, safe stocks, Robos and #money stuff Jul 15th
Save, invest, prosper with My Own Advisor.
Weekend Reading Welcome to my latest Weekend Reading edition. I hope you had a great week. Here are my articles from the past week: This post outlined Sure Dividend’s favourite Canadian dividend stocks (as well as my own). I wondered who wants to .... More »
Finance minister ‘overstepped’ by wading into central bank’s domain: expert
– canadianbusiness.com
OTTAWA – The federal finance minister raised eyebrows last week by publicly sharing his opinion on monetary policy — not necessarily because of his view on the matter, but because some believe he ventured too far onto the Bank of Canada’s turf.
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
Economists split on September ‘lift-off’ as Fed prepares rate decision
– theglobeandmail.com
A rate hike from 0 to 0.25 per cent would be the first rate change of any kind since the Fed cut rates during the financial crisis
Californian short seller targets Home Capital Group, Canadian real estate
– theglobeandmail.com
Marc Cohodes used to run one of the biggest U.S. hedge funds specializing in short selling. Recently, he’s emerged as one of the most vocal critics of Canada’s housing market, aiming his efforts at one company: Home Capital Group
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – A slew of Canadian companies report their second-quarter earnings this week. Here are five sectors to watch:
Oil and gas: A number of oilpatch companies that have been battered by the slump in crude prices are out with their results this week. They include Imperial Oil, Suncor, Cenovus, Enbridge and TransCanada. The price of oil has slumped below the US$50 mark in recent days, grim news for Canada’s oil companies, not to mention the Canadian dollar.
Food: Restaurant Brands International, the owner of Tim Hortons and Burger King, reports its second-quarter results on Monday, one of several Canadian food/restaurant giants reporting over the week. Maple Leaf Foods, the country’s largest food producer, and baked-goods giant George Weston are also out with their results on Thursday and Friday respectively. Maple Leaf reported a profit in the first quarter as it neared the completion of a long-term plan to replace old meat-processing plants with modern facilities.
Media: Torstar is out with results on Wednesday, followed by Quebecor a day later…
Oil and gas: A number of oilpatch companies that have been battered by the slump in crude prices are out with their results this week. They include Imperial Oil, Suncor, Cenovus, Enbridge and TransCanada. The price of oil has slumped below the US$50 mark in recent days, grim news for Canada’s oil companies, not to mention the Canadian dollar.
Food: Restaurant Brands International, the owner of Tim Hortons and Burger King, reports its second-quarter results on Monday, one of several Canadian food/restaurant giants reporting over the week. Maple Leaf Foods, the country’s largest food producer, and baked-goods giant George Weston are also out with their results on Thursday and Friday respectively. Maple Leaf reported a profit in the first quarter as it neared the completion of a long-term plan to replace old meat-processing plants with modern facilities.
Media: Torstar is out with results on Wednesday, followed by Quebecor a day later…
Did Joe Oliver overstep?
– macleans.ca
Minister of Finance Joe Oliver delivers the federal budget in the House of Common on Parliament Hill in Ottawa on Tuesday, April 21, 2015. (Adrian Wyld/CP)
OTTAWA — The federal finance minister raised eyebrows last week by publicly sharing his opinion on monetary policy — not necessarily because of his view on the matter, but because some believe he ventured too far onto the Bank of Canada’s turf.
In response to a reporter’s question, Joe Oliver said the policy measure known as quantitative easing was “not on the table” as a response to Canada’s ongoing economic downturn.
The comment has prompted questions about whether the territorial line between the Conservative government and the central bank has been blurred.
Technically, it’s Bank of Canada governor Stephen Poloz’s call whether to implement quantitative easing, where central banks buy government assets and other securities to boost the supply of money.
“I thought that Minister Oliver overstepped when ruling out (quantitative easing) because it’s not his decision,” said Ian Lee, an economics professor at Carleton University’s Sprott School of Business…
