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How to prepare for life as a single-income family + MORE Jun 30th
Zena Amundsen didn’t realize how tight finances could be for a single-income household after she and her husband welcomed their first baby. She quickly had to learn to keep track of every dollar, recalled Amundsen, a Regina-based certified financial planner at Astra Financial Services.
For.... More »
Small Business Ideas for Children Who Want to Be Life-time Savers + MORE Feb 26th
Teaching your child how to handle money is a basic part of being a parent in today’s society. There are many ways you can approach introducing your child to financial responsibility. One way, is to show them how to set up their own business!
A child can learn how to work hard, make money, and save.... More »
SNC-Lavalin '100-per-cent' focused on court battle, CEO says as company reports fourth-quarter loss - The Globe and Mail Feb 23rd
SNC-Lavalin '100-per-cent' focused on court battle, CEO says as company reports fourth-quarter loss The Globe and MailSNC-Lavalin CEO says company plans to vigorously defend itself as political scandal unfolds CBC NewsSNC-Lavalin slashes dividend by 65%, reports $1.6B fourth-qu.... More »
6 mistakes new condo investors make + MORE Aug 19th
Mistake #1: Condo investors trust the floor plan
Ken Grunber, who works at a video production house in Toronto, found out too late that the new condo unit he bought wasn’t nearly as large as advertised. When he and his partner moved in and measured the area, they discovered it wasn’t 700 square.... More »
TFSA vs RRSP: How to decide between the two Jun 28th
One of the most common questions out there is whether to invest in a registered retirement savings plan (RRSP) or a tax-free savings account (TFSA). Both will help you save, and save on taxes, but each works in different ways. Understanding these investments will help you know when to use one or the.... More »
J.C. Penney CEO buys 112,000 shares of company’s slumping stock before holiday shopping season
– canadianbusiness.com
PLANO, Texas – J.C. Penney Mike Ullman seems confident the slumping retailer will bounce back during the holiday shopping season.
Ullman showed his faith by buying 112,000 shares at $8.95 apiece at the end of last week. The $1 million investment disclosed Monday comes as Ullman tries to snap Penney out of a funk that has seen the Plano, Texas, company lose more than $2.4 billion since late 2011.
The financial misery prompted Penny to fire Ron Johnson in April and bring back Ullman for a second stint as its CEO. Since his return, Ullman has been restoring more of the sales promotions that Johnson, a former executive at Target Inc. and Apple Inc., had eliminated.
The strategy has yielded some modest progress so far. In October, Penney reported that its monthly sales at its stores open for at least year — a key measure of a retailer’s health — had risen by 0.9 per cent, the first year-over-year increase since December 2011.
That still wasn’t enough to spare J.C. Penney Co…
Ullman showed his faith by buying 112,000 shares at $8.95 apiece at the end of last week. The $1 million investment disclosed Monday comes as Ullman tries to snap Penney out of a funk that has seen the Plano, Texas, company lose more than $2.4 billion since late 2011.
The financial misery prompted Penny to fire Ron Johnson in April and bring back Ullman for a second stint as its CEO. Since his return, Ullman has been restoring more of the sales promotions that Johnson, a former executive at Target Inc. and Apple Inc., had eliminated.
The strategy has yielded some modest progress so far. In October, Penney reported that its monthly sales at its stores open for at least year — a key measure of a retailer’s health — had risen by 0.9 per cent, the first year-over-year increase since December 2011.
That still wasn’t enough to spare J.C. Penney Co…
Spain’s Repsol has initial deal with Argentina on YPF
– theglobeandmail.com
If deal is approved by Repsol at a board meeting scheduled for Wednesday in Madrid, it could spark a wave of international investment in Argentina’s vast Vaca Muerta shale oil and gas formation
Most actively traded companies on the TSX, TSX Venture Exchange markets
– canadianbusiness.com
TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (13,472.22 down 6.12 points):
Detour Gold Corp. (TSX:DGC). Gold miner. Down 50 cents, or 11.71 per cent, at $3.77 on 9.09 million shares. The stock turned sharply lower after Detour announced that company founder and CEO Gerald Panneton had resigned, effective immediately. No reason was given.
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.15 per cent, at $20.15 on 8.79 million shares. The energy sector dipped 0.91 per cent to 269.85 points as oil prices fell in the wake of a weekend agreement between Iran and world powers to curb Tehran’s nuclear program.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 0.64 per cent, at $9.37 on 7.94 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up two cents, or 0.93 per cent, at $2.17 on 5.39 million shares.
Revolution Resources Corp. (TSXS:RV). Miner. Down half a cent, or 25 per cent, at 1…
Toronto Stock Exchange (13,472.22 down 6.12 points):
Detour Gold Corp. (TSX:DGC). Gold miner. Down 50 cents, or 11.71 per cent, at $3.77 on 9.09 million shares. The stock turned sharply lower after Detour announced that company founder and CEO Gerald Panneton had resigned, effective immediately. No reason was given.
Encana Corp. (TSX:ECA). Oil and gas. Down three cents, or 0.15 per cent, at $20.15 on 8.79 million shares. The energy sector dipped 0.91 per cent to 269.85 points as oil prices fell in the wake of a weekend agreement between Iran and world powers to curb Tehran’s nuclear program.
Yamana Gold Inc. (TSX:YRI). Miner. Up six cents, or 0.64 per cent, at $9.37 on 7.94 million shares.
B2Gold Corp. (TSX:BTO). Miner. Up two cents, or 0.93 per cent, at $2.17 on 5.39 million shares.
Revolution Resources Corp. (TSXS:RV). Miner. Down half a cent, or 25 per cent, at 1…
Oil heads lower after Iran nuclear deal raises chance sanctions will be lifted
– canadianbusiness.com
The price of oil dropped to near US$94 a barrel Monday as a deal between Iran and six world powers on the country’s nuclear program raised the possibility that sanctions choking Iranian oil exports will be lifted.
Benchmark West Texas Intermediate crude for January delivery fell 75 cents to close at US$94.09 in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, slipped half a cent to US$111 a barrel in London.
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran’s nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
It also removes, for now, the threat of further restrictions on Iranian exports and sets up the possibility that a more comprehensive deal will be struck in the coming months.
The diminished threat to global supplies is likely to make crude cheaper in the short term…
Benchmark West Texas Intermediate crude for January delivery fell 75 cents to close at US$94.09 in New York. Brent crude, a benchmark for international oil used by many U.S. refineries, slipped half a cent to US$111 a barrel in London.
The preliminary agreement reached in Geneva Sunday between Iran and the U.S., Britain, France, Russia, China and Germany over Iran’s nuclear program does not allow Iran to increase oil exports. But by relaxing some financial restrictions the agreement does make it easier for Iran to sell the oil it is permitted to.
It also removes, for now, the threat of further restrictions on Iranian exports and sets up the possibility that a more comprehensive deal will be struck in the coming months.
The diminished threat to global supplies is likely to make crude cheaper in the short term…
Mining reforms key to Chile’s future
– theglobeandmail.com
Foreign investment tax a pillar of Bachelet’s election platform, but energy, water problems loom
