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Montreal not feeling effects of foreign investors in real estate market
– theglobeandmail.com
CMHC said just one per cent of conominiums in the greater Montreal area were owned by people whose primary residence is outside of Canada
CSX beats 2Q profit forecasts
– canadianbusiness.com
JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Wednesday reported second-quarter profit of $445 million.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 47 cents.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The freight railroad posted revenue of $2.7 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.71 billion.
CSX shares have climbed 7.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 per cent. The stock has decreased 13 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at http://www.zacks.com/ap/CSX
_____
Keywords: CSX, Earnings Report, Priority Earnings
The post CSX beats 2Q profit forecasts appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 47 cents.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The freight railroad posted revenue of $2.7 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.71 billion.
CSX shares have climbed 7.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 per cent. The stock has decreased 13 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at http://www.zacks.com/ap/CSX
_____
Keywords: CSX, Earnings Report, Priority Earnings
The post CSX beats 2Q profit forecasts appeared first on Canadian Business – Your Source For Business News.
Just moved in? Time to create a landscape master plan
– moneysense.ca
Want a home that oozes curb appeal? Then you’ll need to spend a bit of time and money on landscaping. To start, consider paying a professional landscape designer or contractor for a landscape master plan. At a cost that starts at $250 and goes up, they’ll tell you what you currently have, what you could do and alert you to potential problems that may arise in the future. For example, the previous homeowner may have planted a tree that looks great now, but in 10 years will pose a problem to your home’s foundation. A good landscape designer/planner will see this and point out ways to mitigate possible future problems. If you’re on a strict budget, consider paying a Sheridan Gardens’ contracted landscape designer. These professional landscape designers will visit your home, create a design and even provide a list of plants within your budget all for $170 plus tax.
For a few more tips, check out our video.
Ask Home Owner columnist Romana King your real estate question »
For a few more tips, check out our video.
Ask Home Owner columnist Romana King your real estate question »
brightcove…
CSX 2Q profit down 20 per cent as rail volume slows 9 per cent
– canadianbusiness.com
OMAHA, Neb. – CSX Corp. reported a nearly 20 per cent drop in second-quarter profit as freight volume slowed 9 per cent, but the railroad beat expectations by cutting expenses and raises rates where it could.
The Jacksonville, Florida-based railroad said Wednesday it earned $445 million, or 47 cents per share, in the quarter. That’s down from $553 million, or 56 cents per share, a year ago.
Analysts surveyed by FactSet expected CSX to earn 44 cents per share on $2.68 billion in revenue.
Revenue declined 12 per cent from last year because of the volume decline. Coal shipments fell 30 per cent, extending its prolonged decline.
CSX reiterated that the railroad expects its earnings and total volume to decline in 2016.
CSX operates over 21,000 miles of track in 23 Eastern states and two Canadian provinces.
The post CSX 2Q profit down 20 per cent as rail volume slows 9 per cent appeared first on Canadian Business – Your Source For Business News.
The Jacksonville, Florida-based railroad said Wednesday it earned $445 million, or 47 cents per share, in the quarter. That’s down from $553 million, or 56 cents per share, a year ago.
Analysts surveyed by FactSet expected CSX to earn 44 cents per share on $2.68 billion in revenue.
Revenue declined 12 per cent from last year because of the volume decline. Coal shipments fell 30 per cent, extending its prolonged decline.
CSX reiterated that the railroad expects its earnings and total volume to decline in 2016.
CSX operates over 21,000 miles of track in 23 Eastern states and two Canadian provinces.
The post CSX 2Q profit down 20 per cent as rail volume slows 9 per cent appeared first on Canadian Business – Your Source For Business News.
Foreign investing in Montreal real estate is small: CMHC
– moneysense.ca
A report by the Canada Mortgage and Housing Corp. says the number of foreign investors in the Montreal area real estate market is small and concentrated in condominiums in the city’s downtown core.
The report by the federal agency found that 1.3% of condominiums in the greater Montreal area were owned by foreigners last year, but that rose to 4.9% in the city’s downtown.
Why do rich people invest in real estate? »
The CMHC says the United States and France were the top countries for foreign buyers. Overall, 0.9% of residential property purchases in the Montreal area were made by foreign investors last year—compared with an annual average of 0.4% from 2005 to 2013.
The issue of foreign ownership has been a key issue raised in Vancouver and Toronto where money coming from outside the country has been cited as a factor in driving up real estate prices in those cities.
8 factors that really mess up Vancouver’s real estate prices »
A report by CMHC earlier this year found foreign ownership in the Toronto and Vancouver condo markets stood at 3…
The report by the federal agency found that 1.3% of condominiums in the greater Montreal area were owned by foreigners last year, but that rose to 4.9% in the city’s downtown.
Why do rich people invest in real estate? »
The CMHC says the United States and France were the top countries for foreign buyers. Overall, 0.9% of residential property purchases in the Montreal area were made by foreign investors last year—compared with an annual average of 0.4% from 2005 to 2013.
The issue of foreign ownership has been a key issue raised in Vancouver and Toronto where money coming from outside the country has been cited as a factor in driving up real estate prices in those cities.
8 factors that really mess up Vancouver’s real estate prices »
A report by CMHC earlier this year found foreign ownership in the Toronto and Vancouver condo markets stood at 3…
