The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
Latest News
TFSA confusion: The myths that just won’t die Jun 25th
After 15 years of conversations with blog readers and financial planning clients, I’m still amazed at how often the same myths about tax-free savings accounts (TFSAs) pop up.
I’ve had clients ask if a dividend paid inside their TFSA counts as a contribution. Others think they lose contribut.... More »
How McPhee held GMs 'hostage' to accumulate assets - TSN + MORE Jun 22nd
TSNHow McPhee held GMs 'hostage' to accumulate assetsTSNLAS VEGAS — Marc-Andre Fleury emerged from backstage wearing a storm grey Golden Knights sweater, his first in 14 years without a Penguin, and his trademark megawatt smile exploded. Any trepidation Fleury had about the introduction .... More »
Making sense of the markets this week: August 4, 2024 Aug 2nd
Michael McCullough is a contributing editor to MoneySense and a financial writer and editor in Duncan, B.C.
Mixed results for Magnificent 7
The narrative around the Magnificent 7 mega-cap technology stocks has become mixed, even in the face of mostly positive earnings news.
Microsoft .... More »
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions - CNN Oct 14th
Canadian drink company tastes controversy after Simu Liu raises cultural appropriation questions CNNSimu Liu criticizes Canadian boba tea company over concerns of cultural appropriation NBC News‘Dragon’ Manjit Minhas withdraws from Bobba Tea investment after backlash over c.... More »
Investors look to earnings as President Trump enters first week on the job + MORE Jan 22nd
Early signs point to growth for fourth-quarter results, but expectations are running high as big companies report
.... More »
CIBT posts first-quarter profit of $384,000
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ CIBT Education Group Inc. (MBAIF) on Thursday reported fiscal first-quarter net income of $384,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 1 cent.
The operator of business, technical and language colleges posted revenue of $7 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit 19 cents. A year ago, they were trading at 20 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBAIF at http://www.zacks.com/ap/MBAIF
_____
Keywords: CIBT, Earnings Report
The post CIBT posts first-quarter profit of $384,000 appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 1 cent.
The operator of business, technical and language colleges posted revenue of $7 million in the period.
In the final minutes of trading on Thursday, the company’s shares hit 19 cents. A year ago, they were trading at 20 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MBAIF at http://www.zacks.com/ap/MBAIF
_____
Keywords: CIBT, Earnings Report
The post CIBT posts first-quarter profit of $384,000 appeared first on Canadian Business – Your Source For Business News.
TSX bounces back, but dollar slides
– thestar.com
The Toronto stock market bounced back into the black today after days of steep losses while the Canadian dollar weakened.
Exxon Mobil and JPMorgan rise, GoPro and Best Buy skid
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:
NYSE
Best Buy Co., down $2.83 to $26.43
The electronics retailer said sales declined over the holidays and forecast a decline in revenue for the fourth quarter.
Exxon Mobil Corp. up $3.47 to $79.12
The energy giant’s shares rose as the price of U.S. crude oil rebounded from 12-year lows.
JPMorgan Chase & Co., up 86 cents to $58.20
The banking giant posted a larger fourth quarter profit that included strong results from its consumer banking business and less spending on litigation.
WebMD Health Corp., down $4.09 to $49.12
Responding to media reports, the health website operator said it is not in talks to be acquired.
Nasdaq
Big 5 Sporting Goods Corp., up 41 cents to $11.15
The sporting goods retailer forecast stronger-than-expected results for its upcoming earnings report.
GoPro Inc., down $2.13 to $12.48
The wearable camera maker slashed its fourth-quarter sales estimate and said it will cut about 100 jobs…
NYSE
Best Buy Co., down $2.83 to $26.43
The electronics retailer said sales declined over the holidays and forecast a decline in revenue for the fourth quarter.
Exxon Mobil Corp. up $3.47 to $79.12
The energy giant’s shares rose as the price of U.S. crude oil rebounded from 12-year lows.
JPMorgan Chase & Co., up 86 cents to $58.20
The banking giant posted a larger fourth quarter profit that included strong results from its consumer banking business and less spending on litigation.
WebMD Health Corp., down $4.09 to $49.12
Responding to media reports, the health website operator said it is not in talks to be acquired.
Nasdaq
Big 5 Sporting Goods Corp., up 41 cents to $11.15
The sporting goods retailer forecast stronger-than-expected results for its upcoming earnings report.
GoPro Inc., down $2.13 to $12.48
The wearable camera maker slashed its fourth-quarter sales estimate and said it will cut about 100 jobs…
The Canadian dollar hovered around 69.5 cents cents US Thursday as stock markets underwent a volatile morning session.
Learn, save, invest and prosper with My Own Advisor.59 cent loonie? That’s what I read about this week along with some Tangerine news, the suggestion to sell everything now, and market weakness advice. Hard to believe that’s what some financial experts are calling for our dollar, but it could happen I guess. Personally, I don’t see it going that low. Maybe $0.65 but really, like the price of oil, what my stocks might do or how my portfolio could perform, what the weather will be like next week….I have no idea. On that note, trying to forecast the future, I’ll have some fun and share some thoughts anyhow on what I think might happen in 2016 with an upcoming post about financial predictions – so stay tuned for that.
In case you missed it this week, I told you we’re closing in on another milestone as part of this dividend income update and I shared three investing habits I’m going to try and kick this year.
Enjoy this Weekend Reading edition and see you here again next week…
