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Latest News
At the open: TSX falls as sliding oil prices drag energy shares + MORE May 31st
Canada’s main stock index turned negative shortly after the open on Wednesday, as a sharp decline in energy companies, hurt by falling oil prices, offset a broad rally in most other sectors.
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Business Highlights + MORE May 12th
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Middle class shrinks in 9 of 10 US cities as incomes fall
WASHINGTON (AP) — In cities across America, the middle class is hollowing out.
A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, accordin.... More »
Should I switch all at once? + MORE Jun 11th
A couch potato investor named Remi sent me the following question:
I want to move away from my stocks and mutual funds in order to build a Couch Potato portfolio with ETFs. What is the best way to do this? Should I sell everything at once and pay all of the taxes this year, or should I sell my asset.... More »
Alibaba Stock and Tencent Are Tumbling. This Time, Blame the Metaverse. - Barron's + MORE Feb 21st
Alibaba Stock and Tencent Are Tumbling. This Time, Blame the Metaverse. Barron'sView Full coverage on Google News.... More »
Apple Decreasing Production for iPhone 14 Plus, Report Says - CNET Oct 19th
Apple Decreasing Production for iPhone 14 Plus, Report Says CNETApple takes a hit on report it plans to cut production on iPhone 14 Plus CNBC TelevisionApple cuts iPhone 14+ production less than 2 weeks after debut ForexLiveApple reportedly cuts production figures on.... More »
What advisors need to learn about ETF investing
– moneysense.ca
When I began writing about investing, I was struck by the enormous gap between theory and practice. The overwhelming weight of academic research and real-world data make it clear that most investors who try to beat the market will fail. Whether they pick stocks, choose actively managed funds or try to time the markets, the majority would have been better off simply buying and holding a portfolio of ETFs or index funds. Yet many advisors seem unaware that indexing is even a viable option, let alone the one with the most evidence behind it. They’re like biologists who have never heard of Darwin.
I realize the main reason is self-interest. If you’re looking to attract clients, you sound much more impressive if you say you can deliver market-beating returns. And you can use that claim to justify higher fees. But there’s another reason indexing is rare among advisors: They’ve never been taught about its benefits.
This insight came to me over the last three years as I completed hundreds of hours of study to become, first, a licensed investment advisor and, then, to earn the Certified Financial Planner and Chartered Investment Manager designations…
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,632.01, up 0.01 of a point):
Kinross Gold Corp. (TSX:K). Miner. Up 29 cents, or 4.43 per cent, to $6.83 on 9.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 20 cents, or 3.33 per cent, to $6.20 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.98 per cent, to $33.16 on 9.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 39 cents, or 7.25 per cent, to $5.77 on 8.8 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up 12 cents, or 5.85 per cent, to $2.17 on 8.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.54 per cent, to $9.24 on 8.3 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 35 cents, or 0.77 per cent, to $45.69 on 266,883 shares. SNC-Lavalin said its oil and gas segment will be one of two main profit generators this year, saying it accounted for $1…
Toronto Stock Exchange (13,632.01, up 0.01 of a point):
Kinross Gold Corp. (TSX:K). Miner. Up 29 cents, or 4.43 per cent, to $6.83 on 9.9 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 20 cents, or 3.33 per cent, to $6.20 on 9.4 million shares.
Suncor Energy Inc. (TSX:SU). Oil and gas. Down $1.02, or 2.98 per cent, to $33.16 on 9.3 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up 39 cents, or 7.25 per cent, to $5.77 on 8.8 million shares.
Torex Gold Resources Inc. (TSX:TXG). Miner. Up 12 cents, or 5.85 per cent, to $2.17 on 8.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down five cents, or 0.54 per cent, to $9.24 on 8.3 million shares.
Companies reporting major news:
SNC-Lavalin Group Inc. (TSX:SNC). Engineering. Up 35 cents, or 0.77 per cent, to $45.69 on 266,883 shares. SNC-Lavalin said its oil and gas segment will be one of two main profit generators this year, saying it accounted for $1…
Trilogy Energy posts first-quarter loss of $20.1 million
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Trilogy Energy Corp. (TETZF) on Thursday reported a loss of $20.1 million in its first quarter.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 16 cents.
The oil and natural gas company posted revenue of $33.2 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $3.60. A year ago, they were trading at $7.83.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TETZF at http://www.zacks.com/ap/TETZF
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Keywords: Trilogy Energy, Earnings Report
The post Trilogy Energy posts first-quarter loss of $20.1 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 16 cents.
The oil and natural gas company posted revenue of $33.2 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit $3.60. A year ago, they were trading at $7.83.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TETZF at http://www.zacks.com/ap/TETZF
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Keywords: Trilogy Energy, Earnings Report
The post Trilogy Energy posts first-quarter loss of $20.1 million appeared first on Canadian Business – Your Source For Business News.
Get ready for a grocery price war
– moneysense.ca
brightcove.createExperiences();
War, huh. What is it good for? Cheaper groceries, sometimes.
Reports from both the Globe and Mail and the Financial Post this week suggest a price war is brewing among Canada’s biggest grocers. On Tuesday, the Post cited a report from Desjardins Securities that said Walmart has cut prices on a number of popular packaged goods to better compete with discount chains like No Frills:
The mass merchant, which operates 312 stores across the country and began expanding into the grocery business in 2006, is looking to bolster its everyday low pricing strategy in the centre-of-the-store grocery aisles by consistently having lower shelf prices on selected major branded goods, according to a new report from Keith Howlett of Desjardins Securities…
Pembina Pipeline posts 1st-quarter profit of $74.3 million
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported first-quarter earnings of $74.3 million.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3 million in the period.
Pembina Pipeline shares have increased 35 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.36, a decrease of 15 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBA at http://www.zacks.com/ap/PBA
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Keywords: Pembina Pipeline, Earnings Report
The post Pembina Pipeline posts 1st-quarter profit of $74.3 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Calgary, Alberta-based company said it had net income of 17 cents.
The oil and gas transportation and services company posted revenue of $741.3 million in the period.
Pembina Pipeline shares have increased 35 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.36, a decrease of 15 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBA at http://www.zacks.com/ap/PBA
_____
Keywords: Pembina Pipeline, Earnings Report
The post Pembina Pipeline posts 1st-quarter profit of $74.3 million appeared first on Canadian Business – Your Source For Business News.
