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Sears and Kmart remove some Trump products online + MORE Feb 13th
Sears and Kmart have evicted “a very small number” of Trump-branded items from their online stores, but won’t specify how many and emphasize that hundreds of products are still available through their third-party online marketplaces.
It’s another sign of how companies are try.... More »
Tillerson out at State, to be replaced by CIA chief Pompeo + MORE Mar 13th
U.S. Secretary of State Rex Tillerson arrives to a news conference with U.S. President Donald Trump and Swedish Prime Minister Stefan Lofven in the East Room of the White House March 6, 2018 in Washington, DC. Trump and Lofven are looking to focus on trade and investment between the two countries an.... More »
What’s the best way to pay down debt? + MORE Sep 2nd
As a Certified Financial Planner (CFP), a common question I hear from Canadians is how to better understand their debt. Questions like: How did I get here? What is the best approach to paying my debt off?
Many Canadians have debt of different amounts and for many different reasons. Common types .... More »
Ali Esmail’s PopRx is reinventing the pharmacy for the mobile-first era + MORE Jan 27th
Medical doctor Ali Esmail founded Toronto-based PopRx in early 2015, along with Vejey Gandier, whom he had previously partnered with on mobile collaboration platform Medlinx. The duo pitched PopRx on the CBC web series Next Gen Den that same year, earning a $100,000 investment .... More »
What rising bond rates tell us about the future Mar 8th
If one were to make a ranked list of which asset classes and securities are most fun to watch, fixed income would be near the bottom, just ahead of money market funds. You certainly won’t find any Redditors calling for bonds to rocket to the moon. However, the impression that bonds are boring is n.... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,514.52, up 20.72 points):
Dalradian Resources Inc. (TSX:DNA). Miner. Down two cents, or 1.90 per cent, to $1.03 on 10.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down five cents, or 0.71 per cent, to $6.96 on 7.1 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 11 cents, or 2.76 per cent, to $3.87 on seven million shares.
Birchcliff Energy Ltd. (TSX:BIR). Oil and gas. Up 84 cents, or 10.69 per cent, to $8.70 on six million shares.
Trevali Mining Corp. (TSX:TV). Miner. Up eight cents, or 11.27 per cent, to 79 cents on 5.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 33 cents, or 1.21 per cent, to $27.69 on 5.2 million shares.
Companies reporting major news:
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $1.58, or 5.62 per cent, to $29.69 on 1.6 million shares. Valeant Pharmaceuticals tried to reassure investors Thursday after its former CEO sold nearly US$100 million of equity in the troubled drug company…
Toronto Stock Exchange (14,514.52, up 20.72 points):
Dalradian Resources Inc. (TSX:DNA). Miner. Down two cents, or 1.90 per cent, to $1.03 on 10.9 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down five cents, or 0.71 per cent, to $6.96 on 7.1 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 11 cents, or 2.76 per cent, to $3.87 on seven million shares.
Birchcliff Energy Ltd. (TSX:BIR). Oil and gas. Up 84 cents, or 10.69 per cent, to $8.70 on six million shares.
Trevali Mining Corp. (TSX:TV). Miner. Up eight cents, or 11.27 per cent, to 79 cents on 5.7 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 33 cents, or 1.21 per cent, to $27.69 on 5.2 million shares.
Companies reporting major news:
Valeant Pharmaceuticals International Inc. (TSX:VRX). Pharmaceutical. Up $1.58, or 5.62 per cent, to $29.69 on 1.6 million shares. Valeant Pharmaceuticals tried to reassure investors Thursday after its former CEO sold nearly US$100 million of equity in the troubled drug company…
New investment rules will expose financial advisor fees
– moneysense.ca
As of tomorrow, financial companies will be required to provide people with an annual report that spells out in dollars what investment dealers and advisors have been paid. This is part of an initiative known as CRM2 and the changes apply to investment statements and are intended to help Canadians better understand how their portfolios are faring and how much they have paid for financial advice.
This latest change, made official on Friday July 15, 2016, is one of several amendments that are part of the final step to create a more streamlined, easily understood financial reporting regime. This process began in 2013 under what securities regulators have called the Client Relationship Model Phase 2, or CRM2.
CRM2? It’s a band-aid solution »
Brent Vandermeer, a portfolio manager with HollisWealth, says the new measures are important because they improve transparency across the investment industry.
“Especially in an era of low interest rates, low yields, sometimes weaker investment performance, it’s really important that a client is getting value for the cost they are paying,” he said…
This latest change, made official on Friday July 15, 2016, is one of several amendments that are part of the final step to create a more streamlined, easily understood financial reporting regime. This process began in 2013 under what securities regulators have called the Client Relationship Model Phase 2, or CRM2.
CRM2? It’s a band-aid solution »
Brent Vandermeer, a portfolio manager with HollisWealth, says the new measures are important because they improve transparency across the investment industry.
“Especially in an era of low interest rates, low yields, sometimes weaker investment performance, it’s really important that a client is getting value for the cost they are paying,” he said…
Strong earnings fuel concerns over Sirius XM Canada’s plan to go private
– theglobeandmail.com
Minority shareholders are concerned that a proposal to take the satellite radio business private low-balls the company’s true value
Business Highlights
– canadianbusiness.com
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Property owners: Get off my lawn, Pokemon!
As throngs of “Pokemon Go” players traipse around to real-world landmarks in pursuit of digital monsters, some ticked-off property owners are asking to have their locations in the fictional Poke-verse removed.
Besides the U.S. Holocaust Memorial Museum in Washington, several churches and cemeteries including Arlington National Cemetery want their in-game locations removed to keep crowds of players away.
The addictive, location-aware smartphone game gives digital incentives like “Pokeballs” as rewards for visiting real places. The locations, known as “Pokestops” and “Gyms,” are based on landmarks submitted by players of Niantic’s earlier game, “Ingress.”
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Investors shrug at longest profit slump since the recession
Not since the Great Recession have corporate profits been on this long of a slump. The response from investors: So what?
Investors are comfortable enough with the yearlong sag that they pushed stock prices to all-time highs this past week…
Property owners: Get off my lawn, Pokemon!
As throngs of “Pokemon Go” players traipse around to real-world landmarks in pursuit of digital monsters, some ticked-off property owners are asking to have their locations in the fictional Poke-verse removed.
Besides the U.S. Holocaust Memorial Museum in Washington, several churches and cemeteries including Arlington National Cemetery want their in-game locations removed to keep crowds of players away.
The addictive, location-aware smartphone game gives digital incentives like “Pokeballs” as rewards for visiting real places. The locations, known as “Pokestops” and “Gyms,” are based on landmarks submitted by players of Niantic’s earlier game, “Ingress.”
___
Investors shrug at longest profit slump since the recession
Not since the Great Recession have corporate profits been on this long of a slump. The response from investors: So what?
Investors are comfortable enough with the yearlong sag that they pushed stock prices to all-time highs this past week…
Got a tip about a white-collar crime? Ontario securities watchdog now pays up to $5M for info
– cbc.ca
Ontario’s stock market regulator has unveiled what it says is Canada’s first program to pay for tips from whistleblowers in the securities industry, offering up to $5 million to people whose tips lead to enforcement action.
