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City hall is banking on Toronto’s real estate market picking up in 2026. What’s behind their optimism? + MORE Jan 11th
Budget prediction comes as last year's Toronto-area home sales hit a 25-year low..... More »
Making sense of the markets this week: May 14, 2023 May 12th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. Inflation continues to move in the right direction
Despite the strong April jobs report in the United States, overall inflatio.... More »
How to protect family RESPs from being raided May 14th
Q. I am a grandparent providing funds for a family RESP. It is for twin grandsons—my son is the father. I have a bit of a concern their mother may decide to withdraw the funds I provided for her own purposes. Is there a mechanism whereby both parents have to sign off if the contributed funds were .... More »
Trudeau announces Canada's 1st lithium-ion battery plant to be built in Ontario | FULL - Global News May 14th
Trudeau announces Canada's 1st lithium-ion battery plant to be built in Ontario | FULL Global NewsHonda EV battery plant gets Japanese investment CTV News TorontoJapan's Asahi Kasei to invest $1.6-billion in Ontario electric-vehicle facility, sources say The Globe an.... More »
Advisors don’t want to talk about cheaper alternatives + MORE Oct 16th
Let’s start with a question: how would you feel if you bought something based on the recommendation from a trusted source, only to find out later that they knew there was cheaper alternative that is just as good?
That, in essence, was the question I put to the audience during a keynote presentati.... More »
A lesson from Wednesday's stock plunge: Bonds are essential in a portfolio
– theglobeandmail.com
The only way to reliably reduce the risk of large losses in an equity portfolio is to add a healthy dollop of high-quality bonds
Target breezes past expectations in the first quarter
– canadianbusiness.com
Target is reporting that first-quarter profits jumped almost 8 per cent as attempts to turn around its business appear to be gaining some traction.
The retailer on Wednesday reported earnings of $681 million, or $1.23 per share, for the quarter ended April 29. That compares with $632 million or $1.06 per share in the year-ago quarter.
Adjusted earnings were $1.21 per share.
Revenue fell 1.1 per cent to $16.02 billion. While comparable-stores sales fell, the decline was not as bad as expected.
Target Corp. is trying to reinvent itself as it faces stiff competition from Amazon.
Shares are up more than 5 per cent in premarket trading.
The post Target breezes past expectations in the first quarter appeared first on Canadian Business – Your Source For Business News.
The retailer on Wednesday reported earnings of $681 million, or $1.23 per share, for the quarter ended April 29. That compares with $632 million or $1.06 per share in the year-ago quarter.
Adjusted earnings were $1.21 per share.
Revenue fell 1.1 per cent to $16.02 billion. While comparable-stores sales fell, the decline was not as bad as expected.
Target Corp. is trying to reinvent itself as it faces stiff competition from Amazon.
Shares are up more than 5 per cent in premarket trading.
The post Target breezes past expectations in the first quarter appeared first on Canadian Business – Your Source For Business News.
Ford to cut 1,400 jobs in North America and Asia
– canadianbusiness.com
Ford, facing heavy costs for new technology and slowing U.S. car sales, is cutting 1,400 non-factory jobs in North America and Asia Pacific this year in an effort to boost profits and rescue its sagging stock price.
The company will offer voluntary early retirement and separation packages to around 10 per cent of salaried workers in departments such as sales, marketing and human resources. The packages will be offered to about 15,300 workers, including 600 in Canada, company spokesman Mike Moran said Wednesday. It expects the actions to be complete by the end of September.
The cuts are the biggest to Ford’s U.S. white collar staff since 2007, when 7,200 workers took voluntary buyout packages. Ford believes it will meet its targets by voluntary means, Moran said.
“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday…
The company will offer voluntary early retirement and separation packages to around 10 per cent of salaried workers in departments such as sales, marketing and human resources. The packages will be offered to about 15,300 workers, including 600 in Canada, company spokesman Mike Moran said Wednesday. It expects the actions to be complete by the end of September.
The cuts are the biggest to Ford’s U.S. white collar staff since 2007, when 7,200 workers took voluntary buyout packages. Ford believes it will meet its targets by voluntary means, Moran said.
“We remain focused on the three strategic priorities that will create value and drive profitable growth, which include fortifying the profit pillars in our core business, transforming traditionally underperforming areas of our core business and investing aggressively, but prudently, in emerging opportunities,” Ford said in an email sent to employees early Wednesday…
Trudeau to promote Canadian tech, lure foreign investment at Microsoft summit
– canadianbusiness.com
Prime Minister Justin Trudeau is expected to pitch major multinational companies on investing in Canada’s technology sector on Wednesday, joining top business leaders inside the closed-door Microsoft CEO Summit in Redmond, Wash.
Trudeau’s visit comes as U.S. President Donald Trump’s administration poses both challenges and opportunities for Canada’s high-tech industry. Trump’s “America First” rhetoric and his plans to slash corporate taxes could mean more investment flows south of the border, but his restrictive approach to immigration could draw talent north, experts say.
Trudeau is the first sitting head of government or state to be invited to address the annual gathering of CEOs, his office said.
“The prime minister’s participation in the summit is an important opportunity to encourage innovation, promote investment in the technology sector, and draw global talent to Canada,” said press secretary Andree-Lyne Halle in a statement…
Trudeau’s visit comes as U.S. President Donald Trump’s administration poses both challenges and opportunities for Canada’s high-tech industry. Trump’s “America First” rhetoric and his plans to slash corporate taxes could mean more investment flows south of the border, but his restrictive approach to immigration could draw talent north, experts say.
Trudeau is the first sitting head of government or state to be invited to address the annual gathering of CEOs, his office said.
“The prime minister’s participation in the summit is an important opportunity to encourage innovation, promote investment in the technology sector, and draw global talent to Canada,” said press secretary Andree-Lyne Halle in a statement…
Trump reports weigh on global stocks and the dollar
– canadianbusiness.com
Global stock markets and the dollar drifted lower Wednesday as traders fretted over reports that President Donald Trump appealed to ex-FBI Director James Comey to ditch an investigation into ousted national security adviser Michael Flynn. Though the White House has denied the allegation, there’s mounting unease in markets over the developments in the U.S. government.
KEEPING SCORE: In Europe, Germany’s DAX was down 0.3 per cent at 12,768 while the CAC 40 in France fell 0.4 per cent to 5,387. The FTSE 100 index of leading British shares was 0.1 per cent lower at 7,519 and near all-time highs. U.S. stocks were poised for a lower opening with Dow futures and the broader S&P 500 futures down 0.4 per cent.
TRUMP UNEASE: Traders appear to be growing concerned over the outlook for the Trump administration both politically and economically. A day barely passes without some new report about the president and his team. The latest centres on a memo that Comey wrote that showed the president asking him to shut down an FBI investigation into Flynn…
KEEPING SCORE: In Europe, Germany’s DAX was down 0.3 per cent at 12,768 while the CAC 40 in France fell 0.4 per cent to 5,387. The FTSE 100 index of leading British shares was 0.1 per cent lower at 7,519 and near all-time highs. U.S. stocks were poised for a lower opening with Dow futures and the broader S&P 500 futures down 0.4 per cent.
TRUMP UNEASE: Traders appear to be growing concerned over the outlook for the Trump administration both politically and economically. A day barely passes without some new report about the president and his team. The latest centres on a memo that Comey wrote that showed the president asking him to shut down an FBI investigation into Flynn…
