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Even Ford Motor Co. is concerned about Canadians’ car loan debt + MORE Mar 31st
F-150 pickup trucks on the lot at a Ford dealership. (David Zalubowski/AP/CP)
Ford Motor Co. has joined financial regulators in raising concerns over Canadians’ appetites for longer-term loans to finance the purchase of new vehicles.
Regulators have warned in recent years about debt-burdened consu.... More »
Making sense of the markets this week: November 30 Nov 28th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
The 10 biggest stocks won big over the last 10 years
This decade belonged to the winners, says Michael Batnick on The Irrelevant Investor. From that post…
“…if you own.... More »
Win Big With the TSX Venture 50 Feb 24th
Launched today, the TSX Venture 50 is a ranking of top performers on the TSX Venture Exchange over the past year. To celebrate, they’re running Canada’s Top Public Venture Capitalist Contest.
This virtual stock portfolio contest lets you trade this year’s TSX Venture 50 stocks over eigh.... More »
What Wall Street analysts are saying about Apple’s ugly quarter + MORE Apr 27th
Latest earnings release draws concern
.... More »
Mixed Up Money’s Alyssa Davies on striving for CoastFIRE, the value of time, and more Jan 12th
Alyssa Davies doesn’t let complex calculations get in the way of making sound financial decisions—though she does advocate for tracking your spending. “I strongly believe that money is less about numbers and math, and more about emotions and feelings,” she writes on her award-winning blog, M.... More »
Macy’s, Ruby Tuesday, Bed Bath & Beyond, AbbVie and Five Below are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Macy’s Inc., down $1.89 to $65.92
The department store operator said it will restructure its merchandising and marketing operations and will close 14 stores.
Ruby Tuesday Inc., down 83 cents to $6.27
The chain-restaurant operator’s quarterly revenue fell short of expectations, with sales at restaurants open at least a year declining.
The Container Store Group Inc., down $3.02 to $18.19
The storage products retailer’s quarterly profit met expectations, but its revenue fell short of forecasts.
DuPont Co., down $1.03 to $73.50
A hedge fund led by activist investor Nelson Peltz announced plans to nominate its own slate of four directors to chemical company’s board.
AbbVie Inc. down $1.85 to $65.78
The drugmaker delivered what some analysts saw as a conservative forecast for 2015 earnings growth.
Nasdaq
Bed Bath & Beyond Inc…
NYSE
Macy’s Inc., down $1.89 to $65.92
The department store operator said it will restructure its merchandising and marketing operations and will close 14 stores.
Ruby Tuesday Inc., down 83 cents to $6.27
The chain-restaurant operator’s quarterly revenue fell short of expectations, with sales at restaurants open at least a year declining.
The Container Store Group Inc., down $3.02 to $18.19
The storage products retailer’s quarterly profit met expectations, but its revenue fell short of forecasts.
DuPont Co., down $1.03 to $73.50
A hedge fund led by activist investor Nelson Peltz announced plans to nominate its own slate of four directors to chemical company’s board.
AbbVie Inc. down $1.85 to $65.78
The drugmaker delivered what some analysts saw as a conservative forecast for 2015 earnings growth.
Nasdaq
Bed Bath & Beyond Inc…
Most actively traded companies on the TSX
– canadianbusiness.com
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,384.92, down 72.80 points):
Goldgroup Mining Inc. (TSX:GGA). Miner. Unchanged at 13 cents on 21.3 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Down 21 cents, or 5.08 per cent, to $3.92 on 15.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up two cents, or 0.22 per cent, to $9.03 on 11.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.57 per cent, to $2.32 on 5.3 million shares.
Coalspur Mines Ltd. (TSX:CPT). Miner. Unchanged at 1.5 cents on 4.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 25 cents, or 1.95 per cent, to $13.04 on 4.8 million shares.
Companies reporting major news:
TransCanada Corp. (TRP:TSX). Pipelines. Up 41 cents, or 0.75 per cent, to $55.34 on 1.8 million shares. A Nebraska court struck down a lower-court decision that had been one of the barriers to the stalled Keystone XL pipeline. The end of the Nebraska case means U…
Toronto Stock Exchange (14,384.92, down 72.80 points):
Goldgroup Mining Inc. (TSX:GGA). Miner. Unchanged at 13 cents on 21.3 million shares.
Bombardier Inc. (TSX:BBD.B). Transportation. Down 21 cents, or 5.08 per cent, to $3.92 on 15.4 million shares.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Up two cents, or 0.22 per cent, to $9.03 on 11.9 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up eight cents, or 3.57 per cent, to $2.32 on 5.3 million shares.
Coalspur Mines Ltd. (TSX:CPT). Miner. Unchanged at 1.5 cents on 4.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 25 cents, or 1.95 per cent, to $13.04 on 4.8 million shares.
Companies reporting major news:
TransCanada Corp. (TRP:TSX). Pipelines. Up 41 cents, or 0.75 per cent, to $55.34 on 1.8 million shares. A Nebraska court struck down a lower-court decision that had been one of the barriers to the stalled Keystone XL pipeline. The end of the Nebraska case means U…
Best Buy Canada severs credit card ties with Chase, signs deal with Desjardins
– canadianbusiness.com
TORONTO – Best Buy Canada is moving its private-label credit card portfolio to Desjardins Group, ending a longtime relationship with Chase Bank.
The electronics retailer sent notices to Chase cardholders this week saying their co-branded Best Buy Reward Zone Visa would deactivate at the end of February.
The changes come after Best Buy announced a new partnership with Desjardins that will take effect on April 15. Under the agreement, the Quebec-based financial institution will acquire the private-label credit card portfolios under the brands of Best Buy and its sister company Future Shop.
Financial terms, and the value of the portfolio, were not disclosed.
Meanwhile, Best Buy urged customers to continue earning points as Best Buy RewardZone members by shopping online and in-store. The company did not say whether it planned to launch a new Visa-branded credit card with another provider.
Private-label cards are designed to be accepted only at a specific retailer and are particularly common with department stores and electronics chains…
The electronics retailer sent notices to Chase cardholders this week saying their co-branded Best Buy Reward Zone Visa would deactivate at the end of February.
The changes come after Best Buy announced a new partnership with Desjardins that will take effect on April 15. Under the agreement, the Quebec-based financial institution will acquire the private-label credit card portfolios under the brands of Best Buy and its sister company Future Shop.
Financial terms, and the value of the portfolio, were not disclosed.
Meanwhile, Best Buy urged customers to continue earning points as Best Buy RewardZone members by shopping online and in-store. The company did not say whether it planned to launch a new Visa-branded credit card with another provider.
Private-label cards are designed to be accepted only at a specific retailer and are particularly common with department stores and electronics chains…
From technology companies eager to pump up their latest gizmos, to the ongoing impact of the cratering price of oil, it was a busy week in the financial world. CBC’s Jacqueline Hansen gets you caught up in our weekly video recap
