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Making sense of the markets this week: October 12 Oct 10th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
It’s October. Will stock markets get spooked again?
October is, historically, the most volatile month for U.S. stocks. In fact, it was kind enough to author two of the most .... More »
'Wildcard' Trump could affect markets, economic outlook in 2017 + MORE Jan 2nd
Donald Trump, who will be inaugurated as the next U.S president on Jan. 20, brings with him a high level of uncertainty for 2017, investment managers and economists say..... More »
The wrong way to pay off debt + MORE Sep 7th
I’ve always believed that anyone substantially mired in debt has no business fantasizing about retirement. For me, this extends even to a home mortgage, which is why I often say “the foundation of financial independence is a paid-for home.”
Sadly, however, it’s a fact that many Canadian sen.... More »
Ericsson shares plummet after it warns on profit and outlook + MORE Oct 12th
STOCKHOLM – Mobile networks company Ericsson saw its share price plummet by almost a fifth on Wednesday after saying that its third quarter earnings this year will be “significantly lower” than expectations and it predicts no improvement anytime soon.
The Swedish company said its s.... More »
Japanese messaging app Line shares surge in debut in Tokyo + MORE Jul 15th
TOKYO – Line Corp.’s shares surged in its debut on the Tokyo Stock Exchange on Friday, a day after its initial public offering in New York, as investors cashed in on the popular Japanese messaging app that features emoticons.
The biggest technology sector IPO of the year for both nations.... More »
90 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
4.5 year – 2.50%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.
Statoil cuts costs, investments after posting fourth-quarter loss due to oil price slump
– canadianbusiness.com
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 14.8 billion kroner in the same period in 2013.
Revenue was stable at 147 billion kroner.
Statoil said Friday its earnings were eroded by sagging oil prices and impairment losses linked to its international operations.
The state-controlled company said it would reduce planned capital spending by 10 per cent this year to 18 million kroner and deepen its cost-cutting program by 30 per cent to 1.7 billion kroner annually from 2016.
Statoil’s production rose nearly 8 per cent to 2.1 million barrels per day.
The post Statoil cuts costs, investments after posting fourth-quarter loss due to oil price slump appeared first on Canadian Business.
Statoil’s net loss in the fourth quarter was 8.9 billion kroner ($1.2 billion) compared to a profit of 14.8 billion kroner in the same period in 2013.
Revenue was stable at 147 billion kroner.
Statoil said Friday its earnings were eroded by sagging oil prices and impairment losses linked to its international operations.
The state-controlled company said it would reduce planned capital spending by 10 per cent this year to 18 million kroner and deepen its cost-cutting program by 30 per cent to 1.7 billion kroner annually from 2016.
Statoil’s production rose nearly 8 per cent to 2.1 million barrels per day.
The post Statoil cuts costs, investments after posting fourth-quarter loss due to oil price slump appeared first on Canadian Business.
Learn, save, invest and prosper by subscribing to My Own Advisor.
Welcome to some Weekend Reading folks, helping you save, learn and prosper here on My Own Advisor.
This week I shared some of my favourite, low-cost equity Exchange Traded Funds (ETFs) and thanks to my friends at TurboTax Canada I’m giving away a bunch of online tax codes for you to use this tax season.
Next week I hope to post answers to some reader questions about my dividend investing journey so stay tuned for that. Until then, kick back, relax and enjoy these articles from the personal finance and investing blogosphere. Thanks for reading and sharing.
Jim Yih wrote about six good things you can do with your RRSP on BrighterLife.ca.
Young & Thrifty provided a review of the MoneySense Guide to Retiring Wealthy.
Simon from Sustainable Personal Finance has a smart strategy for PayPal currency exchange.
Readers of this site have been emailing me about some good books to “get started with saving and investing”…
Welcome to some Weekend Reading folks, helping you save, learn and prosper here on My Own Advisor.
This week I shared some of my favourite, low-cost equity Exchange Traded Funds (ETFs) and thanks to my friends at TurboTax Canada I’m giving away a bunch of online tax codes for you to use this tax season.
Next week I hope to post answers to some reader questions about my dividend investing journey so stay tuned for that. Until then, kick back, relax and enjoy these articles from the personal finance and investing blogosphere. Thanks for reading and sharing.
Jim Yih wrote about six good things you can do with your RRSP on BrighterLife.ca.
Young & Thrifty provided a review of the MoneySense Guide to Retiring Wealthy.
Simon from Sustainable Personal Finance has a smart strategy for PayPal currency exchange.
Readers of this site have been emailing me about some good books to “get started with saving and investing”…
60 days – 1.75%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2014-12-19. Click on the link above to get more details or apply online.
