All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Trump administration sets meetings with oil companies over Venezuela, source says - Reuters + MORE Jan 5th
Trump administration sets meetings with oil companies over Venezuela, source says ReutersOpinion: Guns and oil: Trump’s global power with Venezuela’s reserves at his side will be formidable The Globe and MailTrump’s plan to seize and revitalize Venezuela’s oil industry .... More »
A long trade war could mean more financial stress: Bank of Canada + MORE May 8th
The financial picture for Canadian households and businesses was showing signs of increased health until the United States started a trade war, the Bank of Canada said Thursday (May 8).
The central bank says in its latest Financial Stability Report that at the start of the year, households had, o.... More »
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta - CBC News Jan 30th
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta CBC NewsWalmart Canada announces landmark $6.5 billion investment in its store and supply chain footprint, announcing dozens of new stores to be built across Canada over the next five years Canada Ne.... More »
Global stock markets have lost $6 trillion in value in six days - CNBC + MORE Feb 28th
Global stock markets have lost $6 trillion in value in six days CNBCCoronavuirus fears devastate Dow Jones by 4.4 per cent Sky News AustraliaCoronavirus spread sparks “bloodbath” on Wall Street World Socialist Web SiteHere's how long stock market corrections last.... More »
Warren Buffett, Jamie Dimon urge end to quarterly profit forecasts Jun 8th
Investor Warren Buffett and JP Morgan Chase CEO Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals..... More »
PepsiCo 3Q results beat Street; raises full-year guidance
– canadianbusiness.com
PURCHASE, N.Y. – PepsiCo, free of last year’s entanglements in beleaguered Venezuela, reported soaring third-quarter profits that breezed past almost all expectations.
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, which is nearing an all-time high, before the market opened Thursday.
For the period ended Sept. 3, PepsiCo earned $1.99 billion, or $1.37 per share. A year earlier the Purchase, New York, company earned $533 million, or 36 cents per share.
Earnings, adjusted for one-time costs and restructuring costs, were $1.40 per share. That easily beat the $1.32 per share that analysts surveyed by Zacks Investment Research called for.
Revenue declined to $16.03 billion from $16.33 billion, stung by foreign currency exchange translation and the Venezuela deconsolidation. Still, the performance topped the $15.89 billion analysts expected.
PepsiCo Inc. now foresees full-year earnings of $4.78 per share. Its prior outlook was for earnings of $4…
The company boosted its full-year profit outlook given its performance to date and shares jumped more than 2 per cent, which is nearing an all-time high, before the market opened Thursday.
For the period ended Sept. 3, PepsiCo earned $1.99 billion, or $1.37 per share. A year earlier the Purchase, New York, company earned $533 million, or 36 cents per share.
Earnings, adjusted for one-time costs and restructuring costs, were $1.40 per share. That easily beat the $1.32 per share that analysts surveyed by Zacks Investment Research called for.
Revenue declined to $16.03 billion from $16.33 billion, stung by foreign currency exchange translation and the Venezuela deconsolidation. Still, the performance topped the $15.89 billion analysts expected.
PepsiCo Inc. now foresees full-year earnings of $4.78 per share. Its prior outlook was for earnings of $4…
SNC-Lavalin cuts 2016 profit forecast on two troubled Mideast projects
– theglobeandmail.com
Engineering company revises outlook for adjusted diluted earnings per share to between $1.30 and $1.60, from its previous forecast of between $1.50 to $1.70
OPEC reaches preliminary accord to curb oil production – CTV News
– news.google.ca
CTV NewsOPEC reaches preliminary accord to curb oil productionCTV NewsOPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and …Iraq's OPEC revolt shows Saudi-Iran oil deal fragilityReuters CanadaThe Biggest Winners and Losers From OPEC's Oil DealBloombergFTSE 100 smashes 6900 after Opec agrees first output cut since global financial crisisTelegraph.co.ukFinancial Times -CBS News -The Guardianall 2,499 news articles »
Commerzbank to cut nearly 10,000 jobs, halt dividend
– theglobeandmail.com
Germany’s second biggest lender said in a statement it expected restructuring costs of $1.12-billion (U.S.)
The new rules of retirement
– moneysense.ca
If you’re anything like my dear departed father, you may not need to read any of my new “Retired Money” columns, which are dedicated to solving money management challenges for retirees. You see, my dad was an Ontario high-school teacher and the fortunate beneficiary of the famous defined benefit (DB) teachers’ pension plan.He didn’t need to worry about investing—he owned only GICs and would proudly declare that he didn’t know a stock from a bond. Unlike you, dear reader, he didn’t need to. With a paid-for home, his GICs, teacher’s pension and government CPP and OAS, Dad was laughing in his classic “do-nothing” retirement. He could take long walks, read to his heart’s content and entertain neighbours with glasses of sherry. Oh, and cheer for the Montreal Canadiens.
His two sons, and readers of their generation, may be less fortunate. For starters, only a minority of workers enjoy the kind of inflation-indexed guaranteed pension that Dad—and his widow—enjoyed…
