Telus third-quarter profit slips despite revenue, subscriber growth + MORE Nov 4th

Presidential race overshadows jobs data due on Friday; European and Asian stock markets down across the board

VANCOUVER – Telus Corp. (TSX:T) had a lower third-quarter profit despite higher revenue and continued subscriber growth, as expenses and accounting items took a bigger bite out of its earnings.
The Vancouver-based telecom company’s net income fell to $355 million from $365 million in the third quarter of 2015.
Its adjusted earnings were $383 million for the quarter ending Sept. 30, down from $398 million in the same period last year.
Basic earnings per share fell to 59 cents from 61 cents, while adjusted earnings slipped to 65 cents, down a cent.
Revenue rose to $3.24 billion from $3.16 billion.
The wireless services division saw revenue grow by 4.9 per cent to $1.7 billion, while landline services revenue was $1.4 billion, up 2.3 per cent.
The post Telus third-quarter profit slips despite revenue, subscriber growth appeared first on Canadian Business – Your Source For Business News.

The year-end reports many investors are going to receive in January will be the first time that most Canadians will see exactly how much they paid for financial advice. It will also mark the first time many will see a personal rate of return for their portfolios.
For the uninitiated, the new disclosures are part of the so-called CRM II (the second phase of the Client Relationship Model put forward by Canadian securities regulators). There has been much speculation regarding the likely consequences of these new disclosures. Most of it has revolved around how those willfully delusional individuals will react when they discover that financial advice is not, in fact, free.
So many people all but abdicate all meaningful responsibility regarding their personal finances to their advisor (and shame on those advisors who perpetuate the myth, too). But in the near future, we will all need to act like adults and stop pretending that advice is free as long as no one asks how much it costs.
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:…

Donald Trump meets with local small business leaders before a campaign rally in West Palm Beach, Florida, U.S., October 13, 2016. (Mike Segar/Reuters)
WASHINGTON — Canadian courses for Trump University were taught by a couple who used aliases, declared multiple bankruptcies, lost a real-estate licence and were sanctioned by securities regulators over a multimillion-dollar swindle, according to documents reviewed through a joint investigation by The Canadian Press and The Associated Press.
An Ontario husband-and-wife team identifying themselves as Dave Ravindra and Rita Bahadur taught Trump courses in Canadian cities in 2010, before Trump’s namesake real-estate seminars folded amid mounting inquiries from U.S. regulators and complaints from former students.
Trump assured customers registering for his program that he had personally hand-picked only the best people to teach courses that would share lessons for attaining financial success.
Yet examples abound of teachers with spotty credentials — in the U…

 
 
 
Q: I need help buying Canadian real estate. I’m a Canadian citizen but live almost exclusively in Southern California. I own a home, free and clear, that’s worth almost USD$1.8 million. I’d like to buy a vacation property near Muskoka, Ont. that my son could use when he starts to attend university in southern Ontario. What do I need to know?
— Kerry, San Bernardino, Cali., USA

Romana King, senior editor and real estate specialist at MoneySense:
Over the last decade, as the U.S. housing sector struggled to regain momentum after the 2008 credit crisis, a large number of Canadians have crossed the border to buy a U.S. property. As a result, a ton has been written on the pros and cons of owning an American home. Now, with the impending U.S. election, there’s been chatter, lots of chatter, on whether or not the roles will be reversed: Americans flooding the Canadian housing market (looking for a safe retreat from potential Trump-mania).
If you’re an American or an expat Canadian with an eye for owning real estate in the Great White North, here’s what you need to know…