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Stock market news for Canadian investors: Loblaw, Walmart and more Feb 21st
Companies that reported earnings this week
Gildan
Loblaw
Walmart
Gildan Activewear reports $132.3M Q4 profit, raises dividend 10%
Source: Google
Gildan (TSE: GIL)
(All figures in U.S. dollars.)
Q4 profit: $132.3 million or 86 cents per diluted share, down from $153.3 mill.... More »
Drug firm AstraZeneca says 3Q earnings fall 12 per cent. + MORE Nov 10th
LONDON – Anglo-Swedish drugmaker AstraZeneca says third-quarter earnings fell 12 per cent as its blockbuster cholesterol drug Crestor faced its first full quarter of competition in the United States from generic alternatives.
Operating profit declined to $1.03 billion from $1.17 billion in the.... More »
Making sense of the markets this week: November 27, 2022 Nov 25th
This week, Cut the Crap Investing founder, Dale Roberts, shares financial headlines and offers context for Canadian investors.
It’s wonderful to be back writing “Making sense of the markets this week” at MoneySense. I am gladly filling in for a few weeks while Kyle Prevost is away on a drea.... More »
Ontario electricity operator offers money for cutting power consumption + MORE Oct 5th
Companies have been asked to bid on demand-response contracts, which offers financial incentive for reducing consumption during peak hours
.... More »
Why are mortgages so expensive in Canada? A look at 2024 and 2025 + MORE Jan 21st
Housing affordability—while still extremely expensive in many of Canada’s major real estate markets—was all over the map in 2024, as central bank interest rate cuts reduced mortgage rates, and a lack of demand in the first half of the year kept a lid on buyer competition.
According to the y.... More »
Chinese manufacturing measure falls to 77-month low in new sign of economic weakness
– canadianbusiness.com
BEIJING, China – A survey shows China’s manufacturing contracted by an unexpectedly large margin this month, adding to signs of economic weakness.
The preliminary version of the Caixin purchasing managers’ index, formerly sponsored by HSBC Corp., fell to a 77-month low of 47.1 in August from July’s 47.8 on a 100-point scale. Numbers below 50 indicate a contraction. That was weaker than most analysts expected.
The survey found output, new export orders and employment all declined at faster rates than in July.
He Fan, the chief economist for Caixin Insight Group, a Chinese financial publisher, said in a statement the index showed there is “still pressure on the front of maintaining growth rates.”
The post Chinese manufacturing measure falls to 77-month low in new sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
The preliminary version of the Caixin purchasing managers’ index, formerly sponsored by HSBC Corp., fell to a 77-month low of 47.1 in August from July’s 47.8 on a 100-point scale. Numbers below 50 indicate a contraction. That was weaker than most analysts expected.
The survey found output, new export orders and employment all declined at faster rates than in July.
He Fan, the chief economist for Caixin Insight Group, a Chinese financial publisher, said in a statement the index showed there is “still pressure on the front of maintaining growth rates.”
The post Chinese manufacturing measure falls to 77-month low in new sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
Continuing oil woes fuel Canadian stock market low
– theglobeandmail.com
Pessimism inspires string of selloffs as investors predict more cuts to spending and less growth
Weekend Reading – Go for total returns, killer online income, and more investing mistakes
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to some summer Weekend Reading friends. Earlier this week I shared seven essential steps to a fat RRSP nest egg and I highlighted a few multi-millionaire #frugal athletes. Enjoy these articles I read this week and here’s to a great weekend!
Indexing guru Larry Swedroe told us to ignore the dividend investing hype and go for total return. “The low yields on safe bonds available during the past seven years have led many once-conservative investors to shift their allocations from safe bonds to much riskier dividend-paying stocks. This has been especially true for individuals who take an income—or cash-flow—approach to investing as opposed to a total return approach, which I believe is the right one.”
Dividend Growth Investor wondered if companies should pay dividends?
Making Sense of Cents is making a killing online, about $25,000 per month. Geez…
5i Research continued their series on #MBIM, My Biggest Investing Mistake…
Welcome to some summer Weekend Reading friends. Earlier this week I shared seven essential steps to a fat RRSP nest egg and I highlighted a few multi-millionaire #frugal athletes. Enjoy these articles I read this week and here’s to a great weekend!
Indexing guru Larry Swedroe told us to ignore the dividend investing hype and go for total return. “The low yields on safe bonds available during the past seven years have led many once-conservative investors to shift their allocations from safe bonds to much riskier dividend-paying stocks. This has been especially true for individuals who take an income—or cash-flow—approach to investing as opposed to a total return approach, which I believe is the right one.”
Dividend Growth Investor wondered if companies should pay dividends?
Making Sense of Cents is making a killing online, about $25,000 per month. Geez…
5i Research continued their series on #MBIM, My Biggest Investing Mistake…
CTV NewsSombre ceremony marks Bangkok blast as police hunt for suspectCTV NewsBANGKOK – Sombre horns sounded Friday at the site of Bangkok's deadly bomb blast as officials joined a multi-religious ceremony for victims of this week's attack, the latest effort to show that the bustling capital was respectfully, if cautiously …Thai leaders pray for bomb dead; no sign of investigation progressReuters CanadaVictim's families visit site of Bangkok bombingCNNThai bombing reveals a fractured country and no simple answersThe Australian Financial ReviewThe Indian Express -Sydney Morning Herald -NDTVall 519 news articles »
Greece heads for early elections after radical left government seeks renewed bailout mandate
– canadianbusiness.com
ATHENS, Greece – Greece’s president will launch the process Friday of asking opposition leaders to form a new government, after a party rebellion over a bailout deal forced Prime Minister Alexis Tsipras to call early elections next month.
The opposition is given little chance of uniting and forming a government, meaning that after five-plus years of a worsening financial crisis, Greece appears headed for its fifth national election in six years. Although Tsipras is widely tipped to win the election, if he fails to secure an outright majority he would have to seek a complex coalition deal that could hamper his ability to govern in the long term.
Outgoing government officials say the likeliest election date is Sept. 20, just under eight months after Tsipras’ election on promises to fight creditor-demanded spending cuts and tax hikes, terms he later agreed to in order to secure Greece a third bailout as its economy was on the brink of collapse.
On Friday morning, President Prokopis Pavlopoulos will meet the head of conservative New Democracy party, Evangelos Meimarakis, and ask him to try to form a government…
The opposition is given little chance of uniting and forming a government, meaning that after five-plus years of a worsening financial crisis, Greece appears headed for its fifth national election in six years. Although Tsipras is widely tipped to win the election, if he fails to secure an outright majority he would have to seek a complex coalition deal that could hamper his ability to govern in the long term.
Outgoing government officials say the likeliest election date is Sept. 20, just under eight months after Tsipras’ election on promises to fight creditor-demanded spending cuts and tax hikes, terms he later agreed to in order to secure Greece a third bailout as its economy was on the brink of collapse.
On Friday morning, President Prokopis Pavlopoulos will meet the head of conservative New Democracy party, Evangelos Meimarakis, and ask him to try to form a government…
