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Investors need to watch the accounting on weed stocks + MORE Jan 28th
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Depending on your point of view, the burgeoning marijuana industry in Canada is either an unprecedented opportunity to rake in huge profits as recreational use becomes legal, or a speculative bubble that will eventually pop. When forensic accountant Al Rosen looks at the sector, he sees som.... More »
Retiring soon? There are some big financial changes coming — here’s what you need to know Nov 24th
More than 2 million Canadians will turn 65 by 2030, with many not knowing what they are getting into, writes Gordon Pape..... More »
What P/E can tell you about a stock, and what it can’t May 6th
If there’s one water cooler conversation that investors love to have, it’s whether stocks are expensive or cheap. Your argument will depend partly on your investment approach: If you’re growth-focused, the valuation metrics of a quickly expanding company may not look overly pricey to you if yo.... More »
How to become a digital nomad—and not go broke Jun 28th
A silver lining of the pandemic is that work has become more flexible than ever—leading more Canadians to take “workations” or relocate to other countries for weeks or months at a time. It’s more than just a change of scenery. Planned carefully, working abroad can mean seeing the world affor.... More »
The best GIC rates in Canada for 2026 + MORE Feb 17th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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(Frank Gunn/CP)It’s been a miserable start to 2016 for the world’s stock markets. Panicked investors have sold their shares en masse for several weeks, sending some of the most closely watched major indexes, including the S&P/TSX Composite Index, deep into the red. The sell-off has raised questions about whether this is merely a temporary phenomenon or something m0re sinister, with market-watchers throwing around terms like “correction,” “crash” and “cyclical bear.” For those struggling with the terminology, and the relative levels of concern they imply, Maclean’s has prepared the following mini-glossary of a market downturn.
Related: Assume the crash position. How far will the stock market fall?
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Correction
A stock market correction is generally defined as a market that’s lost 10 per cent of its value since its most recent peak…
Snowed under: warm weather leads to overflowing stocks of winter apparel
– canadianbusiness.com
MONTREAL – Bargain shoppers are enjoying deep discounts on winter apparel as unseasonably warm weather in Eastern Canada has left retailers with overflowing stocks of snowsuits, boots and tuques.
Sales of winter outdoor clothing have plummeted as a result of temperatures that have been above normal this winter, said Fred Fox, CEO of Planalytics, a Pennsylvania firm that researches how weather affects North American businesses.
Ontario and Quebec recorded their warmest and driest November and December in more than 55 years, Fox said. Sales of winter boots were down 16 and eight per cent in those two months compared to the same period the previous year, while winter wear was off 11 and three per cent.
He said the next 30 to 45 days will be a bonanza for those shopping for winter clothing.
“If you don’t need it for this season, certainly stock up on it for next season,” he said. “If it’s not marked down 75 per cent, it will be very soon.”
Apparel is a retailer’s cash crop, generating hefty margins exceeding 50 per cent…
Sales of winter outdoor clothing have plummeted as a result of temperatures that have been above normal this winter, said Fred Fox, CEO of Planalytics, a Pennsylvania firm that researches how weather affects North American businesses.
Ontario and Quebec recorded their warmest and driest November and December in more than 55 years, Fox said. Sales of winter boots were down 16 and eight per cent in those two months compared to the same period the previous year, while winter wear was off 11 and three per cent.
He said the next 30 to 45 days will be a bonanza for those shopping for winter clothing.
“If you don’t need it for this season, certainly stock up on it for next season,” he said. “If it’s not marked down 75 per cent, it will be very soon.”
Apparel is a retailer’s cash crop, generating hefty margins exceeding 50 per cent…
Chris Sorensen breaks down the forces that are sending Canada’s stock market spiralling: China, oil, and the U.S. economy.
brightcove.createExperiences();
Must-read stories to understand this downturn:
Assume the crash position: How far will the market fall?
Has the next U.S. recession already arrived?
Why the oil crash will affect all Canadians
A mini-glossary of words you should know in the downturn
From Advisor.ca: Four things to know about the correction
From Canadian Business: Like everyone else, the Bank of Canada awaits Trudeau’s first budget
The post Maclean’s Explains: What’s driving Canada’s stock-market downturn? appeared first on Macleans.ca.
2016 Predictions
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I enjoy predictions, I treat them as entertainment. I had some fun with my 2015 predictions and I actually got a few of them right. When it comes to the financial markets, I think people should “buckle up” for 2016. I think it’s going to be a wild ride. Oil is crashing, our Canadian dollar has tanked and my Senators are up and down. I’ll be going to a few games between now and April to cheer my hometown team into the playoffs. Will the Senators make the playoffs? Where will oil finish the year? What stocks will raise their dividends in 2016? How will our dollar finish? Here’s what I think about a bunch of stuff in 2016.
I enjoy predictions, I treat them as entertainment. I had some fun with my 2015 predictions and I actually got a few of them right. When it comes to the financial markets, I think people should “buckle up” for 2016. I think it’s going to be a wild ride. Oil is crashing, our Canadian dollar has tanked and my Senators are up and down. I’ll be going to a few games between now and April to cheer my hometown team into the playoffs. Will the Senators make the playoffs? Where will oil finish the year? What stocks will raise their dividends in 2016? How will our dollar finish? Here’s what I think about a bunch of stuff in 2016.
The Ottawa Senators will make the playoffs.
The Chicago Blackhawks will win The Stanley Cup. A safe bet?
Telus will increase their dividend by 5%.
Enbridge will increase their dividend by 5%. Might be a stretch.
The Dow will finish the year at 16,500.
Coca-Cola will increase their dividend by 3%…
GM unites car-sharing services under new brand ‘Maven’
– canadianbusiness.com
DETROIT – The final destination is a mystery, but General Motors is taking another step on its fast-moving journey into new ways of getting around.
The company on Thursday announced that it’s formed a brand called “Maven” that will run its car-sharing ventures, including a new one that will begin competing with ZipCar next month in Ann Arbor, Michigan, and spread to other metro areas later this year.
GM executives said they expect their main business model of selling cars to people will continue to be large, but they also see big changes coming with ride- and car-sharing.
“We see significant opportunity as that change occurs,” GM President Dan Ammann said. “We very much as a company want to make sure we’re at the forefront of that.”
The unveiling of Maven comes on the heels of two new mobility deals announced by GM this year: a $500 million investment in ride-hailing company Lyft and the purchasing of the remnants of defunct ride-hailing company Sidecar…
The company on Thursday announced that it’s formed a brand called “Maven” that will run its car-sharing ventures, including a new one that will begin competing with ZipCar next month in Ann Arbor, Michigan, and spread to other metro areas later this year.
GM executives said they expect their main business model of selling cars to people will continue to be large, but they also see big changes coming with ride- and car-sharing.
“We see significant opportunity as that change occurs,” GM President Dan Ammann said. “We very much as a company want to make sure we’re at the forefront of that.”
The unveiling of Maven comes on the heels of two new mobility deals announced by GM this year: a $500 million investment in ride-hailing company Lyft and the purchasing of the remnants of defunct ride-hailing company Sidecar…
