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Canadian Natural Resources blames NDP for financial loss + MORE Aug 6th
A prominent Alberta oil and gas company is blaming the provincial NDP government for a loss this quarter, saying its tax hike is the reason why it was not able to post a profit..... More »
Is this frugal Toronto artist’s $70,000 in savings enough for her to buy a property in the U.S.? Jul 2nd
If Joy were to buy a house in the U.S., writes financial expert Jason Heath, it’s probably best she get a pre-approved a mortgage before house hunting..... More »
A ‘simple but not easy’ strategy to improve portfolio performance, the bitcoin 'death cross', and a hot forestry stock + MORE Mar 20th
A roundup of investment ideas for active investors
.... More »
CPPIB acquires 30-per-cent stake in BGL Group for $1.14-billion + MORE Nov 23rd
The owner of Comparethemarket.com was considering an IPO on the London Stock Exchange
.... More »
37% of Vancouverites think real estate market is 'extremely corrupt': report + MORE Dec 13th
According to a Transparency International Canada report on perceptions of domestic corruption, 37 per cent of those living in the Metro Vancouver area would describe the real estate sector as “extremely corrupt.".... More »
Financial advice for my younger self
– myownadvisor.ca
Inspired by a few reader questions a few weeks ago and reflecting upon some older blogposts, I wondered what financial advice would I tell my younger self? Here are some things that have crossed my mind…
Dear Mark,
Dear Mark,
There is no point saving for your financial future if you don’t take care of your health. Your health will be your most important asset.
Investing is for the long-term. Trading is for the short-term. You’re going to have minimal success at timing the market so forget trading. Make sure you buy and hold indexed products and established companies that pay dividends instead.
Avoid tinkering with your portfolio. See reason above.
The biggest barriers to your financial freedom will be, other than your good health: your investing behaviour, taxes and inflation.
You’re going to make some major investing mistakes but hopefully you’ll make fewer of them over time.
You’ll learn to appreciate indexing more and more as you get older.
You will thoroughly enjoy plotting your own financial course…
Video: Market View: Housing: Why sellers in Toronto and Calgary hold all the cards
– theglobeandmail.com
Michael Babad takes stock of a slew of real estate data coming out this week, and what it reveals about Canada's regional divides
5.5 year – 2.80%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-03-11. Click on the link above to get more details or apply online.
State-owned China Film invests in Hollywood movies for first time
– canadianbusiness.com
HONG KONG – China’s state-owned film distributor is making its first investment in Hollywood movies by taking a stake in two projects by production company Legendary Entertainment.
The two companies said on Tuesday that China Film would make an “eight-figure equity investment” in two upcoming films, “Seventh Son” and “Warcraft.”
The exact amount was not specified.
“Seventh Son” is a fantasy adventure starring Jeff Bridges and Julianne Moore. “Warcraft” is based on a video game.
If approved for release in China, China Film would distribute the movies under current rules and regulations for foreign films, which are tightly controlled.
The projects are the first since Legendary and China Film teamed up last year.
Hollywood studies are keen to move into China, now the world’s second biggest movie market.
The post State-owned China Film invests in Hollywood movies for first time appeared first on Canadian Business.
The two companies said on Tuesday that China Film would make an “eight-figure equity investment” in two upcoming films, “Seventh Son” and “Warcraft.”
The exact amount was not specified.
“Seventh Son” is a fantasy adventure starring Jeff Bridges and Julianne Moore. “Warcraft” is based on a video game.
If approved for release in China, China Film would distribute the movies under current rules and regulations for foreign films, which are tightly controlled.
The projects are the first since Legendary and China Film teamed up last year.
Hollywood studies are keen to move into China, now the world’s second biggest movie market.
The post State-owned China Film invests in Hollywood movies for first time appeared first on Canadian Business.
Food company Nestle sees sales rise 4.2 per cent in Q1 despite weak prices in Europe
– canadianbusiness.com
FRANKFURT – Food company Nestle SA says sales rose 4.2 per cent in the first quarter compared with a year ago despite deflationary pressures in Europe.
The Switzerland-based maker of Lean Cuisine, Nespresso and Haagen-Dazs said Tuesday that sales of 20.8 billion Swiss francs ($23.7 billion) were held back by a strong franc and by a flat retail environment that is keeping prices down in Europe. Sales there fell 0.8 per cent.
Candy sales were reduced by a later Easter, which pushed sales of sweets into the second quarter.
CEO Paul Bulcke said the first quarter increase was consistent with the company’s forecasts and was “driven by volume rather than by price.” He reaffirmed the company’s sales target of 5 per cent growth for this year, saying that sales performance would be “weighted to the second half.”
Chief Financial Officer Wan Ling Martello said on a conference call with analysts that “we do expect some pricing pickup by the end of the year” in Europe…
The Switzerland-based maker of Lean Cuisine, Nespresso and Haagen-Dazs said Tuesday that sales of 20.8 billion Swiss francs ($23.7 billion) were held back by a strong franc and by a flat retail environment that is keeping prices down in Europe. Sales there fell 0.8 per cent.
Candy sales were reduced by a later Easter, which pushed sales of sweets into the second quarter.
CEO Paul Bulcke said the first quarter increase was consistent with the company’s forecasts and was “driven by volume rather than by price.” He reaffirmed the company’s sales target of 5 per cent growth for this year, saying that sales performance would be “weighted to the second half.”
Chief Financial Officer Wan Ling Martello said on a conference call with analysts that “we do expect some pricing pickup by the end of the year” in Europe…
