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After five quarters of declines, light emerges in earnings tunnel + MORE Oct 10th
Companies typically set the earnings bar low so results will beat expectations and give their stock prices a lift
.... More »
Couche-Tard's Q2 earnings up 9% from acquisitions, fuel sales + MORE Nov 27th
The world's second-biggest convenience store operator beat revenue expectations, as the Quebec-based retailer's net earnings rose nine per cent in its most recent quarter thanks in part to acquisitions, improved fuel sales and lower taxes..... More »
Making sense of the markets this week: January 25, 2021 Jan 24th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The best post-election surge in modern presidential history
Stocks gained about 13% between U.S. election day and Jan,19, the day before Joe Biden’s inauguration—mar.... More »
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns - CBC May 15th
3 regional Indigenous tourism boards separate from ITAC amid ongoing financial concerns CBC.... More »
Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
Most actively traded companies on the TSX, TSX Venture Exchange
– canadianbusiness.com
TORONTO – Some of the most active companies traded Tuesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (14,658.02, down 57.67 points):
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Down 11 cents, or 4.56 per cent, to $2.30 on 8.2 million shares.
Sherritt International Corp. (TSX:S). Miner. Up 38 cents, or 8.54 per cent, to $4.83 on 8.2 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down three cents, or 0.27 per cent, to $11.13 on 5.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 16 cents, or 5.46 per cent, to $2.77 on 5.1 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up one cent, or 0.17 per cent, to $5.99 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up four cents, or 1.07 per cent, to $3.79 on 3.2 million shares.
Toronto Venture Exchange (985.73, down 9.17 points):
Spartan Energy Corp. (TSXV:SPE). Oil and gas. Up 13 cents, or 3.36 per cent, to $4 on 9.1 million shares.
Porto Energy Corp. (TSXV:PEC)…
Toronto Stock Exchange (14,658.02, down 57.67 points):
BlackPearl Resources Inc. (TSX:PXX). Oil and gas. Down 11 cents, or 4.56 per cent, to $2.30 on 8.2 million shares.
Sherritt International Corp. (TSX:S). Miner. Up 38 cents, or 8.54 per cent, to $4.83 on 8.2 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down three cents, or 0.27 per cent, to $11.13 on 5.3 million shares.
B2Gold Corp. (TSX:BTO). Miner. Down 16 cents, or 5.46 per cent, to $2.77 on 5.1 million shares.
Lundin Mining Corp. (TSX:LUN). Miner. Up one cent, or 0.17 per cent, to $5.99 on 4.2 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace. Up four cents, or 1.07 per cent, to $3.79 on 3.2 million shares.
Toronto Venture Exchange (985.73, down 9.17 points):
Spartan Energy Corp. (TSXV:SPE). Oil and gas. Up 13 cents, or 3.36 per cent, to $4 on 9.1 million shares.
Porto Energy Corp. (TSXV:PEC)…
Puerto Rican bank, US territory’s government caught up in bitter fight over $230 million
– canadianbusiness.com
SAN JUAN, Puerto Rico – Puerto Rico’s government and one of the island’s biggest banks are locked in a heated battle over $230 million as both sides struggle to regain their financial footing in a wobbly economy.
The dispute between the Treasury Department and Doral Financial Corp. escalated this month when the government announced it was nullifying a multimillion-dollar agreement with the bank, leading a former top U.S. economic official advising the bank to warn on Tuesday that such a move would further spook investors.
“It’s not an option for the government of Puerto Rico to issue that refund. They are legally, politically and morally obliged to do so,” said economist Robert Shapiro, who was undersecretary of commerce in President Bill Clinton’s administration and is now an adviser for Doral Bank.
Barbara Morgan, a spokeswoman for the Treasury Department, declined to comment. She said the agency does not publicly discuss tax-related claims and disputes with taxpayers…
The dispute between the Treasury Department and Doral Financial Corp. escalated this month when the government announced it was nullifying a multimillion-dollar agreement with the bank, leading a former top U.S. economic official advising the bank to warn on Tuesday that such a move would further spook investors.
“It’s not an option for the government of Puerto Rico to issue that refund. They are legally, politically and morally obliged to do so,” said economist Robert Shapiro, who was undersecretary of commerce in President Bill Clinton’s administration and is now an adviser for Doral Bank.
Barbara Morgan, a spokeswoman for the Treasury Department, declined to comment. She said the agency does not publicly discuss tax-related claims and disputes with taxpayers…
How one investor found inner peace
– moneysense.ca
Most people who embrace index investing are attracted to the low fees and the proven performance compared with a majority of active strategies. But another advantage sometimes gets overlooked, and that’s the peace of mind that comes from a long-term plan that allows you to ignore the distractions of daily market movements.
I recently received an email from a long-time reader named Steve, who described his investing journey. “I’m curious if my experience of ‘inner investing peace’ is unique or typical,” he says, so with his permission I’ll share some of the details.
“I’m in my mid-40s and I was already familiar with the theory behind passive investing when your blog was becoming popular back in 2010,” Steve writes. “I’d already had run-ins with expensive mutual funds, and I had already done a fair amount of (unsuccessful) investing in individual stocks as well. I had a friend who traded options, and I even dabbled in that. I then moved on to dividend growth investing for a while…
I recently received an email from a long-time reader named Steve, who described his investing journey. “I’m curious if my experience of ‘inner investing peace’ is unique or typical,” he says, so with his permission I’ll share some of the details.
“I’m in my mid-40s and I was already familiar with the theory behind passive investing when your blog was becoming popular back in 2010,” Steve writes. “I’d already had run-ins with expensive mutual funds, and I had already done a fair amount of (unsuccessful) investing in individual stocks as well. I had a friend who traded options, and I even dabbled in that. I then moved on to dividend growth investing for a while…
Improved Profits Suggest Canadian Firms to Spend More
– blogs.wsj.com
An increase in business investment is essential for Canada’s economy to keep growing, and a jump in profits in the first quarter is encouraging on that front, some economists say.
Free bank accounts for low-income seniors, youth
– moneysense.ca
OTTAWA – Finance Minister Joe Oliver is expected to announce he has secured agreement from Canada’s big banks on no-cost banking services for low-income seniors and other financially vulnerable Canadians.
The minister has scheduled an announcement at a senior’s centre in Ottawa for noon.
The announcement is expected to put flesh to the broad measure introduced in the February budget on cheap access to banking services.
The budget promised the government would work with financial institutions to expand no-cost banking services for youth, students and vulnerable groups.
The no-cost accounts are expected to potentially benefit about seven million low-income Canadians, including young people, and come into force next year.
Susan Eng of the Canadian Association of Retired Persons says measures to help vulnerable seniors avoid costly fees are welcome, as would be the elimination of charges for receiving credit card statements by mail.
Last year’s Throne Speech signalled that the government plans to announce a string of consumer-friendly policies, including rules limiting charges on pre-paid credit cards and measures to reduce the Canada-U…
The minister has scheduled an announcement at a senior’s centre in Ottawa for noon.
The announcement is expected to put flesh to the broad measure introduced in the February budget on cheap access to banking services.
The budget promised the government would work with financial institutions to expand no-cost banking services for youth, students and vulnerable groups.
The no-cost accounts are expected to potentially benefit about seven million low-income Canadians, including young people, and come into force next year.
Susan Eng of the Canadian Association of Retired Persons says measures to help vulnerable seniors avoid costly fees are welcome, as would be the elimination of charges for receiving credit card statements by mail.
Last year’s Throne Speech signalled that the government plans to announce a string of consumer-friendly policies, including rules limiting charges on pre-paid credit cards and measures to reduce the Canada-U…
