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The close: TSX dips as oil price drop offsets bank earnings + MORE May 25th
S&P 500 hits record high after upbeat retail results
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Estate planning and trusts for a beneficiary with a disability Dec 28th
I am wondering who I would reach out to for estate planning advice. I have a family member on permanent disability (independent living) and wish to arrange a trust upon my death that would not interfere with his monthly support ceiling of one thousand dollars a month (the current income is approxima.... More »
Trump official orders consumer protection agency to stop work - CTV News Feb 9th
Trump official orders consumer protection agency to stop work CTV NewsConsumer financial watchdog is ordered by acting director to stop fighting financial abuse CNNTrump’s acting chief of federal financial watchdog orders staff to pause activity The Guardian USTrum.... More »
US housing starts fall in notably cold and snowy January + MORE Feb 17th
WASHINGTON – Cold winter weather appears to have cut into homebuilding in the Midwest and Northeast, causing the pace of construction to tumble in January.
Housing starts slipped 3.8 per cent last month to a seasonally adjusted annual rate of 1.1 million homes, the Commerce Department said Wed.... More »
Should you buy real estate through a corporation? Sep 26th
One of the main tax benefits of Canadian real estate is the ability to claim an unlimited principal residence exemption on the property value appreciation. One exception may be if the land is more than half a hectare (1.24 acres), unless the minimum municipal lot size at the time you purchased the p.... More »
30 days – 1.50%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
Intact Financial Corp. Q1 results hit by the severe winter weather
– canadianbusiness.com
TORONTO – Intact Financial Corp. (TSX:IFC) reported a first-quarter profit of $160 million, down from a year ago as the company said the harsh winter weather took its toll.
The property and casualty insurance company earned $1.17 per share for the quarter ended March 31, down from $174 million or $1.27 per share in the first quarter of 2013.
Excluding integration and restructuring costs and other one-time costs, Intact said it earned an adjusted profit of $1.23 per share, down 10 per cent from $1.36 a year ago.
Revenue totalled $1.98 billion, up from $1.86 billion a year ago, helped by higher net earned premiums and investment gains.
“Our home insurance portfolio performed very well despite significant property damages incurred as a result of extreme cold temperatures and rapid thaw events,” CEO Charles Brindamour said in a news release on Wednesday.
“The performance of our auto insurance portfolio remained healthy despite the increased number of automobile accidents due to icy driving conditions…
The property and casualty insurance company earned $1.17 per share for the quarter ended March 31, down from $174 million or $1.27 per share in the first quarter of 2013.
Excluding integration and restructuring costs and other one-time costs, Intact said it earned an adjusted profit of $1.23 per share, down 10 per cent from $1.36 a year ago.
Revenue totalled $1.98 billion, up from $1.86 billion a year ago, helped by higher net earned premiums and investment gains.
“Our home insurance portfolio performed very well despite significant property damages incurred as a result of extreme cold temperatures and rapid thaw events,” CEO Charles Brindamour said in a news release on Wednesday.
“The performance of our auto insurance portfolio remained healthy despite the increased number of automobile accidents due to icy driving conditions…
Brookfield Asset Management reports $843M Q1 profit, up from $697M a year ago
– canadianbusiness.com
TORONTO – Brookfield Asset Management Inc. (TSX:BAM.A) said Wednesday it earned $843 million in its latest quarter, up from $697 million a year ago.
The company said the profit amounted to 80 per diluted share for the quarter ended March 31, up from 51 cents per diluted share a year ago.
Brookfield said the increase was due in part to an increase in the value on its office and retail properties and private equity investments, offset in part due to a change in tax rates.
Revenue totalled $4.37 billion, up from $4.95 billion in the first three months of 2013.
Funds from operations totalled $492 million or 72 cents per share, down from $689 million or $1.03 per share a year ago when the results were boosted by the sale of part of its renewable energy portfolio.
“Our global portfolio of real assets turned in a strong performance, including a significant increase in fee revenues and the contribution from our renewable energy investments,” Brookfield chief executive Bruce Flatt said in a statement…
The company said the profit amounted to 80 per diluted share for the quarter ended March 31, up from 51 cents per diluted share a year ago.
Brookfield said the increase was due in part to an increase in the value on its office and retail properties and private equity investments, offset in part due to a change in tax rates.
Revenue totalled $4.37 billion, up from $4.95 billion in the first three months of 2013.
Funds from operations totalled $492 million or 72 cents per share, down from $689 million or $1.03 per share a year ago when the results were boosted by the sale of part of its renewable energy portfolio.
“Our global portfolio of real assets turned in a strong performance, including a significant increase in fee revenues and the contribution from our renewable energy investments,” Brookfield chief executive Bruce Flatt said in a statement…
Tense Russian market hurts Danish brewer Carlsberg’s earnings in first quarter
– canadianbusiness.com
COPENHAGEN – Danish brewer Carlsberg says uncertainty in its vast Russian market led to a loss of 67 million kroner ($12.49 million) in the first quarter of 2014.
Last year, the net profit was of 62 million kroner for the three month period ending March 31.
Revenue grew slightly to 12.9 billion kroner ($2.4 billion), from 12.7 billion kroner. Organic beer volumes for the group dropped 3 per cent.
Carlsberg said Wednesday “eastern Europe is having a further negative impact on the economies and consumer sentiment and consequently, we now assume that the Russian market will decline mid-single-digit.”
The group said it expected the results “to be impacted more negatively by currencies than previously anticipated.”
Carlsberg shares were flat at 533.50 kroner in afternoon trading in Copenhagen.
The post Tense Russian market hurts Danish brewer Carlsberg’s earnings in first quarter appeared first on Canadian Business.
Last year, the net profit was of 62 million kroner for the three month period ending March 31.
Revenue grew slightly to 12.9 billion kroner ($2.4 billion), from 12.7 billion kroner. Organic beer volumes for the group dropped 3 per cent.
Carlsberg said Wednesday “eastern Europe is having a further negative impact on the economies and consumer sentiment and consequently, we now assume that the Russian market will decline mid-single-digit.”
The group said it expected the results “to be impacted more negatively by currencies than previously anticipated.”
Carlsberg shares were flat at 533.50 kroner in afternoon trading in Copenhagen.
The post Tense Russian market hurts Danish brewer Carlsberg’s earnings in first quarter appeared first on Canadian Business.
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
