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Latest News
Stock news for investors: Q4 results from Manulife, Sun Life, Air Canada, and more Feb 13th
Here’s a round-up of news for Canadian investors this week.
Manulife
Sun Life
Cineplex
Air Canada
Brookfield Corp.
Fortis
Featured RRSP Accounts
featured
EQ Bank
Build.... More »
Sears to close 78 stores this summer + MORE Apr 21st
NEW YORK, N.Y. – Sears Holdings Corp. will close another78 stores —68 Kmart units, and 10 Sears stores — as it looks to restore profitability.
That accounts for about 5 per cent of its store base, which is nearly 1,700 stores.
The ailing company, based in Hoffman Estates, Illinois, had sai.... More »
Making sense of the markets this week: October 26 Oct 23rd
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The pandemic holiday season is near
This will be our first “global pandemic holiday season.”
That phrase does not have a nice festive ring to it, I know. And it might not .... More »
Toronto's housing market tightened in March despite falling prices Apr 7th
Toronto's real estate board says it's too hard to say if prices have 'bottomed out,' but sales ticked up in March while new listings fell by double digits..... More »
German police spray anti-migrant protesters, Merkel toughens tone - The Australian Financial Review + MORE Jan 9th
The Australian Financial ReviewGerman police spray anti-migrant protesters, Merkel toughens toneThe Australian Financial ReviewSwiss performance artist Milo Moire holds a sign "Respect us! We are no fair game even when we are naked!!!" as she protests naked in front of Cologne's cathe.... More »
Fairfax, executives under investigation for insider trading over Resolute deal
– theglobeandmail.com
Toronto-based investment manager says it is fully co-operating with Quebec’s Autorité des marchés financiers
Buffett’s company says first-quarter profit grew 10 per cent as BNSF railroad rebounded
– canadianbusiness.com
OMAHA, Neb. – Warren Buffett’s company said Friday its first-quarter profit jumped 10 per cent on the strength of its railroad and insurance businesses.
Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share, during the first three months of 2015. That’s up from $4.71 billion, or $2,862 per Class A share, last year.
Most major Berkshire subsidiaries performed well. Revenue grew 7 per cent to $48.6 billion.
Berkshire’s BNSF railroad rebounded from last year’s service problems to generate $1.05 billion in net income, up from $724 million. Last year, BNSF dealt with severe cold weather and a backlog of shipments in several states.
The railroad’s fuel costs fell to $713 million from last year’s $1.16 billion.
Berkshire Hathaway officials do not typically comment on quarterly earnings reports, but Buffett told the Fox Business Network that BNSF had improved more quickly than he had expected.
“They’ve improved dramatically,” Buffett said…
Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share, during the first three months of 2015. That’s up from $4.71 billion, or $2,862 per Class A share, last year.
Most major Berkshire subsidiaries performed well. Revenue grew 7 per cent to $48.6 billion.
Berkshire’s BNSF railroad rebounded from last year’s service problems to generate $1.05 billion in net income, up from $724 million. Last year, BNSF dealt with severe cold weather and a backlog of shipments in several states.
The railroad’s fuel costs fell to $713 million from last year’s $1.16 billion.
Berkshire Hathaway officials do not typically comment on quarterly earnings reports, but Buffett told the Fox Business Network that BNSF had improved more quickly than he had expected.
“They’ve improved dramatically,” Buffett said…
Business Highlights
– canadianbusiness.com
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1 in 4 US renters must use half their pay for housing costs
WASHINGTON (AP) — More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.
That’s the finding of an analysis of Census data by Enterprise Community Partners, a non-profit that helps finance affordable housing. The number of such households has jumped 26 per cent to 11.25 million since 2007.
Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department.
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Hollywood rolls out red carpet to ‘influencer’ fans
LOS ANGELES (AP) — Clad in his pyjamas, Reid Jones often blogs about Marvel superhero movies, with starry ambitions of one day becoming an entertainment journalist.
A few weeks ago, the 16-year-old woke up to that opportunity when he was invited to conduct red carpet interviews with the stars of Marvel’s “Avengers: Age of Ultron” during the Los Angeles premiere…
1 in 4 US renters must use half their pay for housing costs
WASHINGTON (AP) — More than one in four U.S. renters have to use at least half their family income to pay for housing and utilities.
That’s the finding of an analysis of Census data by Enterprise Community Partners, a non-profit that helps finance affordable housing. The number of such households has jumped 26 per cent to 11.25 million since 2007.
Since the end of 2010, rental prices have surged at nearly twice the pace of average hourly wages, according to data from the real estate firm Zillow and the Labor Department.
___
Hollywood rolls out red carpet to ‘influencer’ fans
LOS ANGELES (AP) — Clad in his pyjamas, Reid Jones often blogs about Marvel superhero movies, with starry ambitions of one day becoming an entertainment journalist.
A few weeks ago, the 16-year-old woke up to that opportunity when he was invited to conduct red carpet interviews with the stars of Marvel’s “Avengers: Age of Ultron” during the Los Angeles premiere…
The Caisse teams with GE to buy U.S. natural gas pipeline company
– canadianbusiness.com
MONTREAL – La Caisse de depot et placement du Quebec has teamed up and arm of General Electric (NYSE:GE) to acquire a natural gas transmission and storage company in the United States.
Under the deal, the big Quebec pension fund manager and GE Energy Financial Services will jointly acquire Southern Star Central Corp. from Morgan Stanley Infrastructure. Financial terms of the deal were not disclosed.
Southern Star’s pipeline network extends over more than 9,300 kilometres across eight states, serving mainly the Kansas and Missouri markets.
“The investment is fully aligned with our infrastructure investment strategy because it will generate for la Caisse and its clients stable and predictable returns over the long term,” Macky Tall, senior vice-president, infrastructure, said in a statement announcing the deal.
The post The Caisse teams with GE to buy U.S. natural gas pipeline company appeared first on Canadian Business – Your Source For Business News.
Under the deal, the big Quebec pension fund manager and GE Energy Financial Services will jointly acquire Southern Star Central Corp. from Morgan Stanley Infrastructure. Financial terms of the deal were not disclosed.
Southern Star’s pipeline network extends over more than 9,300 kilometres across eight states, serving mainly the Kansas and Missouri markets.
“The investment is fully aligned with our infrastructure investment strategy because it will generate for la Caisse and its clients stable and predictable returns over the long term,” Macky Tall, senior vice-president, infrastructure, said in a statement announcing the deal.
The post The Caisse teams with GE to buy U.S. natural gas pipeline company appeared first on Canadian Business – Your Source For Business News.
Written off as good-as-dead by many after their leader, Danielle Smith, along with 10 MLAs, crossed the floor to the governing PC party in the Fall, Alberta’s Wildrose Party has staged a stunning comeback under new leader Brian Jean. Andrew Leach, professor of energy policy at the University of Alberta, asked the party to shed light on its policies for the energy sector. Go here to read Leach’s analysis. And go here for Leach’s Q&A with the NDP.
Q: First, on oil sands, Brian Jean has been very critical of oil sands management since he left the CPC caucus in Ottawa. In a pre-election interview with the Financial Post, he stated that, “It’s the wild west up in Fort McMurray…too many licences have been handed out to developers competing with each other on all levels, driving up costs, requiring the import of labour from across Alberta and around the world, while forcing workers to spend hours a day commuting to oilsands plants before 12-hour shifts.” Jean went on to say that, “the pace of the oilsands doesn’t need to be sporadic…it needs to be well-planned…
Q: First, on oil sands, Brian Jean has been very critical of oil sands management since he left the CPC caucus in Ottawa. In a pre-election interview with the Financial Post, he stated that, “It’s the wild west up in Fort McMurray…too many licences have been handed out to developers competing with each other on all levels, driving up costs, requiring the import of labour from across Alberta and around the world, while forcing workers to spend hours a day commuting to oilsands plants before 12-hour shifts.” Jean went on to say that, “the pace of the oilsands doesn’t need to be sporadic…it needs to be well-planned…
