TSX getting you down? There are always sound investment alternatives.
Latest News
Do you have real estate FOMO? What you need to know before it affects your finances + MORE May 3rd
The fear of missing out on owning a home, a.k.a. real estate FOMO, can be a powerful feeling—especially if you’re watching from the sidelines as home values soar. “I think of all the ‘high-priced’ $600,000 homes I could have purchased,” says Candice Best, a public relations executive bas.... More »
August 2017 Dividend Income Update Sep 17th
Save, invest, prosper with My Own Advisor.
August 2017 Dividend Income Update Welcome to my latest dividend income update. For those of you new to these posts on my site, every month I discuss our approach to investing focusing on Canadian dividend paying stocks. We believe buying and holding a nu.... More »
Five things to watch for in the Canadian business world in the coming week + MORE May 10th
TORONTO – Here are five things to look for in Canadian business this week:
AGMs in the oilpatch: Encana Corp., once a natural gas focused firm that’s been getting oilier over the past year or two, reports its first-quarter results and holds its annual meeting on Tuesday. It spent billion.... More »
5 things to know before the stock market opens Friday - CNBC May 12th
5 things to know before the stock market opens Friday CNBCFutures higher ahead of Friday trading: Stock market news today Yahoo Canada FinanceWhat every Canadian investor needs to know today The Globe and MailNasdaq 100: Bulls may be too optimistic on US CPI &nb.... More »
2 richest Canadians have wealth equal to 11 million poorest - CBC.ca + MORE Jan 16th
CBC.ca2 richest Canadians have wealth equal to 11 million poorestCBC.caThe two richest Canadians have the same amount of wealth as the poorest 30 per cent of the country combined, according to a new report from a group of international aid organizations. The Oxfam report says the wealth of billionai.... More »
How much should I have in my RRSP?
– moneysense.ca
It depends on how luxurious a retirement you want. To get a rough idea, start by adding up how much annual income you think you’ll need in retirement; then subtract the amount of money you expect to get from your company pension, Canada Pension Plan and Old Age Security. Then multiply that amount by 30. That’s how much you need to have saved by the time you retire, says Jim Otar, founder of RetirementOptimizer.com.
Here’s an example: You and your spouse are together earning $100,000 a year. Most retirees can live comfortably on half their pre-retirement income. That’s $50,000. Many couples in that situation will get about $33,500 a year in retirement income from the Canada Pension Plan, workplace pensions and Old Age Security, so you’ll need an additional $16,500 a year from your own savings. Multiply that by 30 and you get close to $500,000. That’s the amount you need to have banked by the time you retire.
How do you know whether you’re on track to reach your goal? The chart below offers some sample numbers, based on a few realistic assumptions…
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
Leon’s posts 11.8% increase in Q4 earnings; sales improve to $649.6M
– canadianbusiness.com
TORONTO – Leon’s Furniture Ltd. (TSX:LNF) has reported an 11.8 per cent increase in fourth-quarter net income as sales at both corporate and franchise stores improved.
The Toronto-based furniture, appliance and electronics retailer that also operates The Brick chain, says net income was $29.9 million or 38 cents per diluted share in the three months ended Dec. 31.
That was up from $26.3 million or 34 cents in the prior-year quarter, the company said in an earnings release issued after markets closed.
System-wide sales in the fourth quarter were $649.4 million, including $107.2 million of franchise sales, up from $633.8 million, including $110.8 million of franchise sales in 2013.
Same-store corporate sales increased by 4.3 per cent year over year in the quarter.
For the year ended December 31, 2014, total system wide sales were $2.35 billion, including almost $374 million in franchise sales, versus $2.04 billion, including $344.8 million of franchise sales, in 2013.
Full-year net income was $75…
The Toronto-based furniture, appliance and electronics retailer that also operates The Brick chain, says net income was $29.9 million or 38 cents per diluted share in the three months ended Dec. 31.
That was up from $26.3 million or 34 cents in the prior-year quarter, the company said in an earnings release issued after markets closed.
System-wide sales in the fourth quarter were $649.4 million, including $107.2 million of franchise sales, up from $633.8 million, including $110.8 million of franchise sales in 2013.
Same-store corporate sales increased by 4.3 per cent year over year in the quarter.
For the year ended December 31, 2014, total system wide sales were $2.35 billion, including almost $374 million in franchise sales, versus $2.04 billion, including $344.8 million of franchise sales, in 2013.
Full-year net income was $75…
CIBC increased its quarterly dividend Thursday as it reported a first-quarter profit of $923 million, higher than analysts had expected.
Pembina enjoys ‘most successful year’ ever despite lower Q4 revenue, earnings
– canadianbusiness.com
CALGARY – Pembina Pipeline Corp. (TSX:PPL) has reported lower earnings and revenue in the fourth quarter in what was otherwise the company’s “most successful year” ever.
The Calgary-based concern says net income in the three months ended Dec. 31 was $84 million or 22 cents per diluted share, down from $95 million or 29 cents in the comparable year-earlier period.
Revenue was $1.26 billion, down from $1.29 billion.
For the full year, Pembina reported net earnings of $383 million or $1.06 per diluted share, up from $351 million or $1.12 per share in 2013 as revenue improved to $6.07 billion from $5.01 billion.
“I’m very happy to report that 2014 was another record year for Pembina and the most successful year in the history of our company,” president and CEO Mick Dilger said in an earnings release Thursday after markets closed.
“Driven by strong operational performance, we achieved record operating margin, which increased nearly 14 per cent over 2013…
The Calgary-based concern says net income in the three months ended Dec. 31 was $84 million or 22 cents per diluted share, down from $95 million or 29 cents in the comparable year-earlier period.
Revenue was $1.26 billion, down from $1.29 billion.
For the full year, Pembina reported net earnings of $383 million or $1.06 per diluted share, up from $351 million or $1.12 per share in 2013 as revenue improved to $6.07 billion from $5.01 billion.
“I’m very happy to report that 2014 was another record year for Pembina and the most successful year in the history of our company,” president and CEO Mick Dilger said in an earnings release Thursday after markets closed.
“Driven by strong operational performance, we achieved record operating margin, which increased nearly 14 per cent over 2013…
