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Federal government offers $867M to help lumber sector weather softwood tariffs + MORE Jun 2nd
Natural Resources Minister Jim Carr is announcing $867 million in financial supports to help lumber producers and employees weather the impact of punishing new U.S. tariffs on Canadian softwood exports.
The package announced today includes loans and loan guarantees to help cushion the blow for fores.... More »
Are you receiving the child benefits you’re entitled to? + MORE Jun 13th
No surprise, but raising kids is expensive. Statistics Canada calculates that each child costs a two-parent household an average of $17,235 a year.
To help parents make ends meet, the federal government offers the Canada Child Benefit (CCB). If you have children under 18 and file a tax return, yo.... More »
Business Highlights + MORE Aug 25th
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Yellen, in speech Friday, could send signal about next hike
WASHINGTON (AP) — The job market is humming, and so are the U.S. financial markets, with major stock indexes near record highs.
All that would normally trigger a green light for the Federal Reserve to raise interest rates. Yet the Fed,.... More »
IIROC - Shafting Self-Directed Investors by Fixing What Ain't Broke at Discount Brokers + MORE Apr 13th
Grrr! IIROC, please leave us alone! With friends like you, self-directed investors don't need enemies. Despite receiving many objections and warnings from both investors and discount brokers (such a convergence of views sure doesn't happen often!) against measures that will make the discount broker .... More »
TorStar reports $24.4 million loss after cutting 110 jobs + MORE May 3rd
The Toronto Star building is shown in Toronto, Wednesday, June 8, 2016. THE CANADIAN PRESS/Eduardo Lima
TORONTO – The owner of the Toronto Star and other media operations said on Wednesday it made provisions to cut 110 jobs in the first quarter after reporting another drop in revenue and continuin.... More »
A dividend-growing utility that rewards patience
– theglobeandmail.com
Canadian Utilities’ share price has started to come around after a tough 2015 and its payout is expected to continue chugging higher
Asian stocks mostly higher after Wall Street decline
– canadianbusiness.com
BEIJING, China – Asian stock markets were mostly higher Wednesday after Wall Street declined. Shares in China were mixed after leaders approved a plan to give foreign investors more access to Chinese equities through Hong Kong.
KEEPING SCORE: Tokyo’s Nikkei 225 rose 0.9 per cent to 16,748.93 points and Sydney’s S&P-ASX 200 advanced 0.4 per cent to 5,497.40. Hong Kong’s Hang Seng added 0.2 per cent to 22,963.51 and India’s Sensex gained 0.1 per cent to 28,098.32. The Shanghai Composite Index shed 0.2 per cent to 3,102.93 and New Zealand and Malaysia also advanced. Singapore and Bangkok declined.
WALL STREET SLIDE: U.S. stocks slid as investors sold phone company and utility shares. Stocks have wavered lately as investors review mixed reports about the U.S. economy, trying to get a sense of its health. On Tuesday, the Federal Reserve said U.S. factories cranked out more autos, machinery and chemicals in July, which suggests manufacturers might be recovering, though growth is little changed from a year ago…
KEEPING SCORE: Tokyo’s Nikkei 225 rose 0.9 per cent to 16,748.93 points and Sydney’s S&P-ASX 200 advanced 0.4 per cent to 5,497.40. Hong Kong’s Hang Seng added 0.2 per cent to 22,963.51 and India’s Sensex gained 0.1 per cent to 28,098.32. The Shanghai Composite Index shed 0.2 per cent to 3,102.93 and New Zealand and Malaysia also advanced. Singapore and Bangkok declined.
WALL STREET SLIDE: U.S. stocks slid as investors sold phone company and utility shares. Stocks have wavered lately as investors review mixed reports about the U.S. economy, trying to get a sense of its health. On Tuesday, the Federal Reserve said U.S. factories cranked out more autos, machinery and chemicals in July, which suggests manufacturers might be recovering, though growth is little changed from a year ago…
China approves new mainland stock link to Hong Kong
– canadianbusiness.com
HONG KONG – China’s approval of a long-awaited initiative to link stock exchanges in Hong Kong and the mainland city of Shenzhen, allowing foreign investors wider leeway to invest in Chinese shares, got a muted reception on Wednesday.
China’s Cabinet announced late Tuesday that preparations to connect Hong Kong and Shenzhen are “basically completed.” Charles Li, CEO of Hong Kong Exchanges and Clearing, the city’s stock market operator said the link would likely launched by Christmas.
Li said that while awaiting the announcement of a launch date by regulators, the stock exchange would conduct technical preparations and testing, update regulations and raise investor awareness.
The Shenzhen Composite index rose modestly on Wednesday, gaining 0.3 per cent to 2,041.82, while the Shanghai Composite fell 0.2 per cent to 3,103.02. Hong Kong’s Hang Seng index added 0.2 per cent to 22,957.78.
Hong Kong is Chinese territory but its financial system is open to foreign investors, while mainland markets are largely sealed off from global capital flows…
China’s Cabinet announced late Tuesday that preparations to connect Hong Kong and Shenzhen are “basically completed.” Charles Li, CEO of Hong Kong Exchanges and Clearing, the city’s stock market operator said the link would likely launched by Christmas.
Li said that while awaiting the announcement of a launch date by regulators, the stock exchange would conduct technical preparations and testing, update regulations and raise investor awareness.
The Shenzhen Composite index rose modestly on Wednesday, gaining 0.3 per cent to 2,041.82, while the Shanghai Composite fell 0.2 per cent to 3,103.02. Hong Kong’s Hang Seng index added 0.2 per cent to 22,957.78.
Hong Kong is Chinese territory but its financial system is open to foreign investors, while mainland markets are largely sealed off from global capital flows…
Millionaire Next Door Principles – On Any Salary
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.Following this post I got an email from a reader that went something like this.
Your posts are interesting but we have different financial situations. My husband and I don’t have company pensions. We’ve pursued our passions, we love what we do, but because of that it’s more modest living. We live frugally. Our house will be paid off by age 50. We have a good chunk of money in savings. However reading about your pensions and $1 M savings goal (which you feel is attainable) is probably not realistic for us. What insights do you have for people who aren’t exactly the same path as you?
I thank this reader for their email. It got me thinking about how I started my savings and investing journey 20+ years ago and what I envisioned for my life back then. It’s a bit different now. I didn’t see many of those changes coming. My life has taken some interesting turns but I’m happy where I am. It seems the reader is happy where they are – which is ultimately the most important thing in life…
Hong Kong airline Cathay’s 1H profit tumbles 82 per cent
– canadianbusiness.com
HONG KONG – Cathay Pacific Airways says its profit tumbled in the first half of the year as economic weakness in China and other important markets cut passenger demand while it faced cutthroat competition from rivals.
Hong Kong’s biggest airline on Wednesday posted interim net profit of 353 million Hong Kong dollars ($45.5 million), down 82 per cent from the same period a year earlier.
The airline said its earnings were hurt by “economic fragility and intense competition” in the January-June period, putting sustained pressure on revenue, which fell 9.2 per cent.
The company, which also operates regional carrier Cathay Dragon, said passenger numbers rose 2.7 per cent but the money it earned from them fell 10 per cent.
Cathay said it expects business conditions to remain challenging for the rest of the year.
The post Hong Kong airline Cathay’s 1H profit tumbles 82 per cent appeared first on Canadian Business – Your Source For Business News.
Hong Kong’s biggest airline on Wednesday posted interim net profit of 353 million Hong Kong dollars ($45.5 million), down 82 per cent from the same period a year earlier.
The airline said its earnings were hurt by “economic fragility and intense competition” in the January-June period, putting sustained pressure on revenue, which fell 9.2 per cent.
The company, which also operates regional carrier Cathay Dragon, said passenger numbers rose 2.7 per cent but the money it earned from them fell 10 per cent.
Cathay said it expects business conditions to remain challenging for the rest of the year.
The post Hong Kong airline Cathay’s 1H profit tumbles 82 per cent appeared first on Canadian Business – Your Source For Business News.
