There are more investment options in Canada than you can shake a stick at! Stay on top of the best returns right here.
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Meet the Advisors Who Are Expanding Wealth and Enhancing Legacy Planning Jun 13th
Established families and business leaders trust the boutique wealth advisory firm to multiply wealth and maximize estate value. Leveraging innovative and sophisticated financial strategies, they’re creating monumental financial impact.
Movsessian and Kachani speak about establishing the f.... More »
State pension funds invested millions in hedge fund that controls “National Enquirer” parent - Fast Company + MORE Aug 30th
Fast CompanyState pension funds invested millions in hedge fund that controls “National Enquirer” parentFast CompanyThis story was co-published with MapLight and Capital & Main. During the last five years, taxpayers in New Jersey, Ohio and California have owned large financial stakes in the .... More »
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How to build a couch potato portfolio + MORE Sep 3rd
Though the investment industry now offers a few different ways to create a couch potato portfolio, they all have a few things in common. First, they all adhere to the ethos of passive investing, such that you end up with broad exposure to the stock and bond markets—and possibly other asset classes.... More »
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TSX to open lower amid major oilpatch buy; traders look to U.S. housing data
– canadianbusiness.com
TORONTO – The Toronto stock market looked set to open lower amid earnings news and acquisition activity in the Western Canadian oilpatch.
The Canadian dollar edged up 0.05 of a cent to 91.37 cents US.
New York futures were also lower as traders looked to see how severe winter weather impacted housing starts during January.
Economists looked for U.S. housing starts data to fall by 10 per cent to an annualized rate of 899,000.
The Dow Jones industrial futures fell 53 points to 16,054, the Nasdaq futures were down 7.7 points to 3,667.3 while the S&P 500 futures declined 6.75 points to 1,830.75.
The TSX and New York markets put in a lacklustre performance Tuesday amid manufacturing and real estate data that showed severe winter weather is having an impact on U.S. economic performance.
Also, traders will look to the release of the minutes from the latest Federal Reserve meeting mid-afternoon, where the central bank moved to further taper its bond purchases to $64 billion a month. Traders hoped to see some guidance from the Fed on future tapering…
The Canadian dollar edged up 0.05 of a cent to 91.37 cents US.
New York futures were also lower as traders looked to see how severe winter weather impacted housing starts during January.
Economists looked for U.S. housing starts data to fall by 10 per cent to an annualized rate of 899,000.
The Dow Jones industrial futures fell 53 points to 16,054, the Nasdaq futures were down 7.7 points to 3,667.3 while the S&P 500 futures declined 6.75 points to 1,830.75.
The TSX and New York markets put in a lacklustre performance Tuesday amid manufacturing and real estate data that showed severe winter weather is having an impact on U.S. economic performance.
Also, traders will look to the release of the minutes from the latest Federal Reserve meeting mid-afternoon, where the central bank moved to further taper its bond purchases to $64 billion a month. Traders hoped to see some guidance from the Fed on future tapering…
Canadian Natural buying some Devon gas assets for $3.1-billion
– theglobeandmail.com
Lands being acquired are all in Western Canada in areas next to or close to Canadian Natural’s current operations and exclude the Horn River and heavy oil properties
Sherritt reports bigger Q4 loss, misses estimates amid asset impairments
– canadianbusiness.com
TORONTO – Sherritt International Corp. (TSX:S) missed analyst estimates in the fourth quarter, reporting a $673.8 million net loss as it recorded a loss on the sale of its coal business and weaker operating results.
Sherritt reported a $38.1 million adjusted net loss in the fourth quarter, equal to 13 cents per share, as a result of a $466.8 million impairment charge related to the coal business and other items.
Analysts had expected Sherritt’s adjusted earnings would break even.
The company also told shareholders Wednesday that its quarterly dividend will be cut 76 per cent to one cent per common share, starting with the April 14 payment, down from 4.3 cents.
It said reduced payout to shareholders was prudent given persistently low commodity prices and its near-term funding requirements, particularly for the Ambatovy nickel project in Madagascar.
At the modified payout level, the annual cost of the dividend will be reduced by approximately $39 million in 2014, Sherritt said…
Sherritt reported a $38.1 million adjusted net loss in the fourth quarter, equal to 13 cents per share, as a result of a $466.8 million impairment charge related to the coal business and other items.
Analysts had expected Sherritt’s adjusted earnings would break even.
The company also told shareholders Wednesday that its quarterly dividend will be cut 76 per cent to one cent per common share, starting with the April 14 payment, down from 4.3 cents.
It said reduced payout to shareholders was prudent given persistently low commodity prices and its near-term funding requirements, particularly for the Ambatovy nickel project in Madagascar.
At the modified payout level, the annual cost of the dividend will be reduced by approximately $39 million in 2014, Sherritt said…
5.5 year – 2.77%
– ratesupermarket.ca
This GIC rate is offered by DUCA Financial Services and was updated on 2014-01-25. Click on the link above to get more details or apply online.
60 days – 1.55%
– ratesupermarket.ca
This GIC rate is offered by Oaken Financial and was updated on 2013-11-28. Click on the link above to get more details or apply online.
