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Statoil cuts costs, investments after posting fourth-quarter loss due to oil price slump + MORE Feb 6th
STOCKHOLM – Norwegian energy group Statoil ASA says it will cut back on investments and costs as the slump in oil prices prompted a loss in the fourth quarter despite higher production.
Statoil’s net loss in the fourth quarter was 8.9 billion kroner ($1.2 billion) compared to a profit of.... More »
US State Secretary won't specify timeline of denuclearization of North Korea - Globalnews.ca Jul 26th
Globalnews.caUS State Secretary won't specify timeline of denuclearization of North KoreaGlobalnews.caWATCH: U.S. Secretary of State Mike Pompeo stated that the United States is engaged in "patient diplomacy" with North Korea but it won't let this drag out to no end during a Sena.... More »
Canada's economy shrank by 0.1% in January, as oil and real estate slumped + MORE Mar 29th
Canada's economy contracted unexpectedly in January, with total output inching down by 0.1 per cent largely because of a slowdown in oil and in real estate..... More »
An investment strategy for a six-figure inheritance Jun 12th
The Problem
David, 31, is an engineer and lives in Toronto with his wife Alex and two-year-old son Leo. Both his father and grandfather were investors and he sees the six-figure estate that he inherited in January as a legacy that he really wants to continue. “My grandfather was a famous mining .... More »
Weekend Reading – Rich couples, frugalista, let’s get blunt, dogs are optional and more + MORE Sep 11th
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to some fine Weekend Reading friends. Seems like the 40 Deg. C heat (with humidity) in Ottawa is now over for the summer but some good weather will remain I think for weeks to come. Hopefully the weather and other things a.... More »
Ferrari’s $52-million price tag reveals turbocharged market
– theglobeandmail.com
Auction sale makes 1963 racer the most valuable car ever produced, and follows a recent trend in the “investment grade” automobile market that has seen prices skyrocket
Major convention business jumps at Detroit’s renovated Cobo Center, with 12 big events in 2014
– canadianbusiness.com
DETROIT – The thousands of Japanese anime art fans who descend on Cobo Center on Halloween are another sign of the reviving fortunes of Detroit’s downtown convention venue now undergoing a $279 million renovation, officials said.
Organizers of the Youmacon convention say they expect it to draw 14,000 people this year. The event first took place at suburban hotels and moved to downtown Detroit’s Renaissance Center for a few years before outgrowing that space.
“We have a lot of people coming from town but also all across the United States and abroad,” said Morgan Kollin, Youmacon convention chairman.
Youmacon is one of five Cobo conventions this year that are large enough to fill multiple hotels. Totals recently have ranged from four in 2011 to 10 in 2007.
The number jumps to 12 major conventions in 2014, and Detroit convention bureau Vice-President Bill Bohde said the increase reflects an improving situation for Cobo and Detroit. That’s despite the city’s financial emergency and bankruptcy process…
Organizers of the Youmacon convention say they expect it to draw 14,000 people this year. The event first took place at suburban hotels and moved to downtown Detroit’s Renaissance Center for a few years before outgrowing that space.
“We have a lot of people coming from town but also all across the United States and abroad,” said Morgan Kollin, Youmacon convention chairman.
Youmacon is one of five Cobo conventions this year that are large enough to fill multiple hotels. Totals recently have ranged from four in 2011 to 10 in 2007.
The number jumps to 12 major conventions in 2014, and Detroit convention bureau Vice-President Bill Bohde said the increase reflects an improving situation for Cobo and Detroit. That’s despite the city’s financial emergency and bankruptcy process…
5.5 year – 2.95%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-09-16. Click on the link above to get more details or apply online.
Governor-General heading to China to boost Sino-Canadian relations – The Globe and Mail
– news.google.ca
Ottawa CitizenGovernor-General heading to China to boost Sino-Canadian relationsThe Globe and MailGovernor-General David Johnston will serve as the sharp end of a political stick that the Harper government is pointing at China this coming week, amid renewed concern that Chinese investment in Canada is drying up. Within hours of delivering …Governor General leads Canadian push for Chinese businessCanada.comGov. Gen. will push China to invest in Canada during 1st official visitCityNewsall 16 news articles »
Rumours resurface of TD eyeing potential U.S. deal
– theglobeandmail.com
Initial speculation arose a year ago that Canadian bank was interested in RBS’s U.S. banking arm Citizens Financial Group
