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Experts say dividend-paying stocks are not for everyone May 31st
How to go about securing the best return for your investment in Canada.
Experts say dividend-paying stocks are not for everyone - thestar.comContinue Reading On thestar.com »Why not follow our RSS feed to keep in sync with the latest Canadian Investment news?.... More »
How to cool a scorching hot real estate market + MORE Mar 29th
Sold stickers on real estate signs along Beach Drive in the greater Victoria Municipality of Oak Bay, Victoria, BC. (Don Denton/CP)
When the federal budget landed last week, Ontario Finance Minister Charles Sousa was disappointed in at least one respect. Sousa had pressed the Liberal government to d.... More »
How much income do I need to qualify for a mortgage in Canada? + MORE Jun 19th
The Bank of Canada made a long-awaited rate cut on June 5, but the effects of lower mortgage rates have yet to trickle down into housing market data. That was evident in May, as real estate affordability continued to worsen for would-be home buyers.
The latest monthly affordability report from Ra.... More »
“Everything companies”: How Amazon’s playbook is reshaping competition in Canada + MORE Oct 28th
Canadian companies are nowhere near the size and scale of Amazon, but some of our most beloved brands now see themselves less as industry leaders and more as collections of varied financial assets. Consumers think of companies as offering goods and services, but this is not necessarily how companies.... More »
Connacher wins court approval to seek bidders for its oilsands assets + MORE Mar 30th
CALGARY _ Oilsands producer Connacher Oil and Gas Ltd. has won court approval for a process to find a buyer or investor that could allow it to emerge from Companies’ Creditors Arrangement Act protection after nearly two years.
A court ruling Wednesday approves the Calgary-based company’s.... More »
Services sector to play increasingly important role in exports, Bank of Canada says
– canadianbusiness.com
HALIFAX – Canada’s services sector is expected to play an increasingly important role in the growth of the country’s exports, a deputy governor of the Bank of Canada says.
“Canada’s resource sector is shrinking in economic importance as investment and employment shift toward the non-resource sector,” deputy governor Lawrence Schembri says in the text of a speech prepared for delivery in Halifax.
An advance copy of the speech was released in Ottawa.
The central bank’s estimates suggest commodity exports could fall from 50 per cent of the total in 2014 to roughly 40 per cent of total exports by 2020.
However, Schembri sees significant prospects for increased exports by the services sector.
“In particular, firms in the information technology service sector, which sells business solutions, software and entertainment services, are benefiting from strong foreign demand,” Schembri said.
He noted the service sector has been rising since 2000 while the share of manufactured goods in Canada’s exports has fallen…
“Canada’s resource sector is shrinking in economic importance as investment and employment shift toward the non-resource sector,” deputy governor Lawrence Schembri says in the text of a speech prepared for delivery in Halifax.
An advance copy of the speech was released in Ottawa.
The central bank’s estimates suggest commodity exports could fall from 50 per cent of the total in 2014 to roughly 40 per cent of total exports by 2020.
However, Schembri sees significant prospects for increased exports by the services sector.
“In particular, firms in the information technology service sector, which sells business solutions, software and entertainment services, are benefiting from strong foreign demand,” Schembri said.
He noted the service sector has been rising since 2000 while the share of manufactured goods in Canada’s exports has fallen…
Canada Goose picks Credit Suisse, CIBC, Goldman for IPO: sources
– theglobeandmail.com
Sale could happen as soon as 2017 and retailer plans to seek a valuation of about $2-billion, people familiar with the matter said
Services sector to play increasingly important role in exports, Bank of Canada says – TheChronicleHerald.ca
– news.google.ca
Services sector to play increasingly important role in exports, Bank of Canada saysTheChronicleHerald.caHALIFAX — Canada's services sector is expected to play an increasingly important role in the growth of the country's exports, a deputy governor of the Bank of Canada says. "Canada's resource sector is shrinking in economic importance as investment and …and more »
Closing Trade ($FB, $NILE)
– IntelligentSpeculator.net
It is certainly fit that in what has been a tough year in terms of long & short tech stock trading, the one stock that has consistently been a good short finally ended up making me pay, and it was painful. Yesterday, as Blue Nile was in the news to release its quarterly earnings, it announced it had received and accepted an offer by a group led by Bain which was 33% over NILE’s stock value. No need to tell you that sent the stock way higher and crushed my FB-NILE trade:As of today, that trade stands at -52.14% and will be closed on the opening today. As is always the case, you can see this year (and past years) long & short trades here:
http://www.intelligentspeculator.net/livetrades
Dismal year for Hertz grows more dismal still
– canadianbusiness.com
NEW YORK, N.Y. – Hertz shares plunged more than 30 per cent in Tuesday trading and its rival, Avis, fell sharply after the company slashed its expectations for all of 2016 in what had already been a dismal year in the car rental business.
Both companies have wrestled with excess capacity in the market.
Hertz, which also owns Dollar and Thrifty, cited falling rental car volume and the diminishing values for the vehicles it owns.
Hertz said late Monday that it now expects earnings between 51 and 88 cents per share for the year, a fraction of its previous per-share forecasts between $2.75 and $3.50. Wall Street analysts had been projecting per-share earnings of $2.92 for the year, according to FactSet.
The company’s third-quarter earnings, also posted on Monday, were far below Wall Street expectations.
Hertz, based in Estero, Florida, said it plans to continue to cut costs to improve its finances.
Shares of Hertz Global Holdings Inc. fell $11.29 to $24.45 in afternoon trading. Shares of Avis Budget Group Inc…
Both companies have wrestled with excess capacity in the market.
Hertz, which also owns Dollar and Thrifty, cited falling rental car volume and the diminishing values for the vehicles it owns.
Hertz said late Monday that it now expects earnings between 51 and 88 cents per share for the year, a fraction of its previous per-share forecasts between $2.75 and $3.50. Wall Street analysts had been projecting per-share earnings of $2.92 for the year, according to FactSet.
The company’s third-quarter earnings, also posted on Monday, were far below Wall Street expectations.
Hertz, based in Estero, Florida, said it plans to continue to cut costs to improve its finances.
Shares of Hertz Global Holdings Inc. fell $11.29 to $24.45 in afternoon trading. Shares of Avis Budget Group Inc…
