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The return of The Wealthy Barber Nov 11th
The original version of The Wealthy Barber was released in 1989, and has since become one of the best-selling books of all-time in Canada with over 2 million copies sold. Its cultural impact rivals that of Canadian literary classics like Margaret Atwood’s The Handmaid’s Tale and L.M. Montgomeryâ.... More »
How is investment income taxed in Canada? Jul 3rd
Ask MoneySense
I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying?
My financial advisor is not very helpful.
–Louise
There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »
We all pay the price for ballooning student debt + MORE Apr 17th
Over the past decades, higher education was seen as a rising tide that lifts everyone, but today, the return on a bachelor’s degree may be falling well below the cost of investment
.... More »
5 things to know before the stock market opens Tuesday - CNBC Jan 30th
5 things to know before the stock market opens Tuesday CNBCFutures struggle for direction ahead of key jobs data, big tech earnings Yahoo Canada FinanceStock Market Today: Dow, S&P Live Updates for January 30 BloombergApple Lags as Microsoft Sales Hit Highs: US E.... More »
Top International Dividend ETFs for your portfolio – 2017 Apr 30th
Save, invest, prosper with My Own Advisor.
Top International Dividend ETFs
Diversification remains the only free lunch that comes with investing – Modern Portfolio Theory.
According to this theory – one that remains embraced by most financial academics – we can enhance portfolio return.... More »
Chief of Japan technology giant Toshiba resigns over doctored accounts
– canadianbusiness.com
TOKYO – Toshiba’s chief executive resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen ($1.2 billion) over several years.
Toshiba Corp. acknowledged a systematic coverup, which began in 2008. Various parts of the Japanese company’s sprawling business including computer chips and personal computers were struggling financially, but top managers set unrealistic earnings targets under the banner of “challenge,” and subordinates faked results.
On top of its struggles in electronics, Tokyo-based Toshiba’s prospects in nuclear power, one of its core businesses, were shaken after the 2011 Fukushima disaster set off public fears about reactor safety, making new nuclear plants unlikely in Japan. All 48 of the nation’s working reactors are now offline.
Bowing deeply before flashing cameras at a news conference, CEO Hisao Tanaka kept his head lowered for nearly half a minute in a gesture meant to convey deep shame and contrition…
Toshiba Corp. acknowledged a systematic coverup, which began in 2008. Various parts of the Japanese company’s sprawling business including computer chips and personal computers were struggling financially, but top managers set unrealistic earnings targets under the banner of “challenge,” and subordinates faked results.
On top of its struggles in electronics, Tokyo-based Toshiba’s prospects in nuclear power, one of its core businesses, were shaken after the 2011 Fukushima disaster set off public fears about reactor safety, making new nuclear plants unlikely in Japan. All 48 of the nation’s working reactors are now offline.
Bowing deeply before flashing cameras at a news conference, CEO Hisao Tanaka kept his head lowered for nearly half a minute in a gesture meant to convey deep shame and contrition…
Carrick best reads: Buying a home? This is the income you need
– theglobeandmail.com
The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick
Beware the hype of the next big deal
– theglobeandmail.com
The financial crisis was supposed to teach us about falling for resource boom hype, yet CEOs make the same mistakes over and over again
Strong US dollar hurts Swiss pharmaceutical company Novartis with 32-per cent drop in Q2 profit
– canadianbusiness.com
BERLIN – Swiss-based pharmaceutical giant Novartis’ second-quarter net income dropped 32 per cent over the same quarter last year, brought down primarily by poor performance from associated companies and negative effects of a strong U.S. dollar, the company said Tuesday
Net income was $1.856 billion, down from $2.723 billion in the same quarter in 2014. Net sales were down 5 per cent to $12.694 billion and earnings per share from continuing operations dropped to $0.77 from $1.11 last year.
Nevertheless, CEO Joseph Jimenez said the company had a strong quarter for innovation with the U.S. approval and launch of two new drug products — heart failure drug Entresto and multiple sclerosis therapy drug Glatopa — and confirmed its full-year guidance.
Group sales are expected to grow by mid-single digits and operating income is expected to grow ahead of sales at a high-single-digit rate, Novartis has said.
“We are confident we will deliver on our priorities for the year,” Jimenez said…
Net income was $1.856 billion, down from $2.723 billion in the same quarter in 2014. Net sales were down 5 per cent to $12.694 billion and earnings per share from continuing operations dropped to $0.77 from $1.11 last year.
Nevertheless, CEO Joseph Jimenez said the company had a strong quarter for innovation with the U.S. approval and launch of two new drug products — heart failure drug Entresto and multiple sclerosis therapy drug Glatopa — and confirmed its full-year guidance.
Group sales are expected to grow by mid-single digits and operating income is expected to grow ahead of sales at a high-single-digit rate, Novartis has said.
“We are confident we will deliver on our priorities for the year,” Jimenez said…
Premarket: Gold claws back ground, European assets lose Greek tarnish
– theglobeandmail.com
Drug makers lead European stocks slightly lower; crude oil continues to skid on oversupply concerns
