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What is the price of gold in Canada? And more about gold investing Apr 10th
Amidst the gyrations of mega-cap technology stocks and cryptocurrencies over the past year, a stodgy old standby has notched a number of new highs. Gold almost hit USD$3,200 per ounce in early April. It is up 27% over the last 12 months in U.S. dollars and more in Canadian dollars.
That, together.... More »
Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? - CBC.ca May 2nd
Will Archbishop of Canterbury's residential school apology include any of Church of England's $13B in assets? CBC.caResidential school survivor says weight "lifted" after Anglican church apology Global NewsArchbishop of Canterbury addresses reconciliation during service in Sask.... More »
Signage comes down at Winnipeg café where police say hate crime was staged - CBC.ca Apr 27th
Signage comes down at Winnipeg café where police say hate crime was staged CBC.caCourt documents show BerMax Caffe owners were in financial trouble Global NewsFamily accused of staging an anti-Semitic attack has been facing financial troubles CBC.caCourt documents s.... More »
They lack tech glamour. They’ve lagged the market. But blue-chip dividend stocks but can be smart buys + MORE Aug 31st
Columnist David Aston points out the opportunities that can, if you’re smart, eschew the risk from the most volatile sectors..... More »
Musk Foils Tesla Claim It’s Handled Covid-19 Like Everybody Else - Bloomberg May 11th
Musk Foils Tesla Claim It’s Handled Covid-19 Like Everybody Else BloombergMusk threatens to exit California over virus restrictions CP24 Toronto's Breaking NewsCEO Elon Musk Threatens to Move Tesla From California, Sues Alameda County iPhone in CanadaElon Musk thre.... More »
The Amazon effect: How e-commerce is driving a real estate revolution
– theglobeandmail.com
As e-commerce players scale up, they're driving demand for massive warehouse space
Alimentation Couche Tard looks to Norway for guidance to adapt to electric cars
– canadianbusiness.com
Alimentation Couche-Tard, one of the largest gas retailers in Canada, is looking to Norway for guidance on how to adapt to growing electric car sales, a trend that some investors fear could threaten its current raison d’etre.
The Quebec-based convenience store company, which established a foothold in the Scandinavian country five years ago with its purchase of Statoil ASA’s fuel and retail operations, says it wants to ensure it will still appeal to customers if they no longer need to fill up on gas.
“We’ll look at Norway as a laboratory to the future,” CEO Brian Hannasch said during an earnings conference call earlier this month.
“We’re very much engaged to see how we can win there.”
When it comes to embracing electric vehicles, Norwegians are in a class of their own. In a country of about five million people, there are about 120,000 full-electric or plug-in hybrid automobiles on the road _ a per capita ownership ratio 23 times larger than in Canada…
The Quebec-based convenience store company, which established a foothold in the Scandinavian country five years ago with its purchase of Statoil ASA’s fuel and retail operations, says it wants to ensure it will still appeal to customers if they no longer need to fill up on gas.
“We’ll look at Norway as a laboratory to the future,” CEO Brian Hannasch said during an earnings conference call earlier this month.
“We’re very much engaged to see how we can win there.”
When it comes to embracing electric vehicles, Norwegians are in a class of their own. In a country of about five million people, there are about 120,000 full-electric or plug-in hybrid automobiles on the road _ a per capita ownership ratio 23 times larger than in Canada…
Time to get selective about dividend equities, where the loonie will peak, and summer stock picks
– theglobeandmail.com
A roundup of investment ideas for active investors
Husky Energy set to repair pipeline that spilled crude into river a year ago
– canadianbusiness.com
Husky Energy (TSX:HSE) says it has been granted permission to repair and replace a section of pipeline that leaked 225,000 litres of crude in Saskatchewan just over a year ago.
Chief executive Robert Peabody said that it will be applying lessons learned from the spill on the rebuild.
“My mother used to tell me this, learn from your mistakes and don’t do it again,” Peabody told a conference call Friday to discuss Husky’s latest financial results.
With the pipeline out of commission, Husky has been relying on tanker trucks to transport crude the final leg to Lloydminster, Sask., until it is repaired and permission is granted by the government to resume operations.
The company said it plans to include more monitoring equipment that will measure ground movement, as well as add thicker and higher grades of steel pipe to the section of pipe that burst near the North Saskatchewan River.
The spill sent about 40 per cent of the leaked crude into the waterway, forcing communities downstream to shut off a main source of water for almost two months…
Chief executive Robert Peabody said that it will be applying lessons learned from the spill on the rebuild.
“My mother used to tell me this, learn from your mistakes and don’t do it again,” Peabody told a conference call Friday to discuss Husky’s latest financial results.
With the pipeline out of commission, Husky has been relying on tanker trucks to transport crude the final leg to Lloydminster, Sask., until it is repaired and permission is granted by the government to resume operations.
The company said it plans to include more monitoring equipment that will measure ground movement, as well as add thicker and higher grades of steel pipe to the section of pipe that burst near the North Saskatchewan River.
The spill sent about 40 per cent of the leaked crude into the waterway, forcing communities downstream to shut off a main source of water for almost two months…
Encana reports US$331M profit on earlier than expected ‘production bounce’
– canadianbusiness.com
Higher production of more profitable products in the second quarter allowed oil and gas producer Encana Corp. (TSX:ECA) to handily beat analyst expectations while posting a US$331-million net profit.
“Our core assets have returned to growth, delivering our planned mid-year production bounce ahead of schedule,” said CEO Doug Suttles on a conference call Friday.
“We continue to enhance well productivity across the portfolio and, as a result, we now expect the core assets will deliver 25 to 30 per cent growth in the fourth quarter of 2017 as compared with the fourth quarter of 2016.”
The Calgary-based oil and gas company, which presents its results in U.S. dollars, reported Friday net earnings per share of 34 cents, compared with a loss of US$601 million, or 71 cents per share, in the same period last year.
Its operating earnings were 18 cents per share, well ahead of analysts’ average estimate of four cents, according to Thomson Reuters.
Encana has sold non-core assets over the past four years to reduce debt, with the result that production has fallen from 528,000 barrels of oil equivalent per day in 2012 to 353,000 boe/d last year…
“Our core assets have returned to growth, delivering our planned mid-year production bounce ahead of schedule,” said CEO Doug Suttles on a conference call Friday.
“We continue to enhance well productivity across the portfolio and, as a result, we now expect the core assets will deliver 25 to 30 per cent growth in the fourth quarter of 2017 as compared with the fourth quarter of 2016.”
The Calgary-based oil and gas company, which presents its results in U.S. dollars, reported Friday net earnings per share of 34 cents, compared with a loss of US$601 million, or 71 cents per share, in the same period last year.
Its operating earnings were 18 cents per share, well ahead of analysts’ average estimate of four cents, according to Thomson Reuters.
Encana has sold non-core assets over the past four years to reduce debt, with the result that production has fallen from 528,000 barrels of oil equivalent per day in 2012 to 353,000 boe/d last year…
