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At midday: TSX falls as lower commodity prices pressure energy, miners - The Globe and Mail + MORE Nov 11th
Toronto StarAt midday: TSX falls as lower commodity prices pressure energy, minersThe Globe and MailCanada's main stock index fell on Friday as lower commodity prices pressured the shares of energy and mining companies, while financials and industrials also lost ground. At 11:34 a.m. ET, the To.... More »
BCE boosts dividend despite earnings dip + MORE Feb 8th
BCE Inc. reported Thursday that its fourth-quarter profit fell compared with a year ago as a number of expense items increased but the Montreal-based company says its dividend to common shareholders will be going up..... More »
Consumer group that battles the big telcos blames CRTC for its 'dire' financial troubles Dec 17th
The Public Interest Advocacy Centre, the voice behind some of the country’s most important consumer protections, is at risk of having to close its doors for good. And it says the CRTC, the regulator it has so often prodded over the past 42 years, is to blame for its financial troub.... More »
Stock options to be taxed more like regular income under new federal budget + MORE Mar 20th
Executives at big established companies who get paid with large stock grants will owe more in tax under changes promised in the new federal budget..... More »
Working towards your dream lifestyle? Here’s how financial goals can help Dec 21st
Having a bucket list in your 20s doesn’t have to be a pipe dream. No matter what you desire to accomplish—whether it’s going on a summer European trip, getting a new car or paying off student loans—there are steps you can take to attain your goals.
Even though the cost of living is rising.... More »
HSBC reports first half profit up 10 per cent, announces sale of Brazil business
– canadianbusiness.com
HONG KONG – HSBC Holdings PLC, Europe’s biggest bank, said Monday that strong performance in Asia helped to boost first-half profit by 10 per cent. The bank also announced the sale of its Brazil business for $5.2 billion.
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Profit for the six months ending June 30 rose to $13.6 billion, or 48 cents per share, said the bank which is listed on stock exchanges in Hong Kong and London. Revenue rose 4 per cent from a year earlier to $30.8 billion.
“Strong revenue performance across our Asia businesses helped drive increased profits,” said CEO Stuart Gulliver in a statement.
Gulliver cited growth in commercial banking in Hong Kong and Britain and in wealth management in Asia.
Also Monday, HSBC announced it is selling its business in Brazil to Banco Bradesco SA as part of plans announced in June to simplify its sprawling global operations. HSBC said it would keep an operation in Brazil to serve major corporate customers.
HSBC operates in 70 countries and has about 51 million customers…
Seven reasons SmartREIT makes for a wise investment
– theglobeandmail.com
Its attractive yield combined with potential modest unit price appreciation is ideal in this sluggish Canadian economy
