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.
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Pembina Pipeline sees Q1 earnings soar to $147M; dividend increased 3.6%
– canadianbusiness.com
CALGARY – Pembina Pipeline Corp. (TSX:PPL) has reported a more than 60 per cent increase in first-quarter earnings and increased its dividend more than three per cent.
Calgary-based Pembina said after markets closed Thursday that net earnings in the three months ended March 31 increased to $147 million or 41 cents per diluted share, up from $91 million or 30 cents in the same 2013 period.
Net revenue increased 42 per cent to $447 million from $315 million, due to a strong performance in each of the pipeline company’s businesses, particularly in its midstream business, as well as returns on new capital investments.
Meanwhile, Pembina said it was increasing its quarterly dividend to 14.5 cents per share from 14 cents, payable June 13 to to shareholders of record on May 25.
“We are confident in the long-term sustainability and growth in our cash flows and so today our board of directors approved and declared a dividend increase of 3.6 per cent,” said president and CEO Mick Dilger…
Calgary-based Pembina said after markets closed Thursday that net earnings in the three months ended March 31 increased to $147 million or 41 cents per diluted share, up from $91 million or 30 cents in the same 2013 period.
Net revenue increased 42 per cent to $447 million from $315 million, due to a strong performance in each of the pipeline company’s businesses, particularly in its midstream business, as well as returns on new capital investments.
Meanwhile, Pembina said it was increasing its quarterly dividend to 14.5 cents per share from 14 cents, payable June 13 to to shareholders of record on May 25.
“We are confident in the long-term sustainability and growth in our cash flows and so today our board of directors approved and declared a dividend increase of 3.6 per cent,” said president and CEO Mick Dilger…
Barclays Bank is to cut 19,000 jobs by 2016, greatly simplifying its operations by pulling back on investment banking and returning to its roots in retail banking.
Alibaba's Political Investment Risk
– online.wsj.com
There’s no guarantee Beijing will continue to favor monopolistic behavior in tech.Toronto-based ShawCor buying Houston firm Desert NDT in deal valued at US$260M
– canadianbusiness.com
TORONTO – ShawCor Ltd. (TSX:SCL) plans to acquire Houston-based Desert NDT LLC in a deal valued at US$260 million.
The deal for Desert, which provides non-destructive testing services for new oil and gas gathering pipelines and infrastructure integrity management services, is expected to close in the third quarter subject to U.S. regulatory approval.
Toronto-based ShawCor said the acquisition of Desert, which operates through 18 branches in major U.S. oil and gas basins, is expected to add to earnings within the first 12 months.
“We are very pleased to welcome Desert to the ShawCor family,” president and CEO Steve Orr said in announcing the deal Thursday.
“Desert’s NDT offering is expected to increase ShawCor’s exposure to the growing unconventional oil and gas production in the United States and to complement the business of Shaw Pipeline Services, ShawCor’s NDT business unit”
Orr added that the U.S. company would also be a vehicle to advance ShawCor’s strategy of providing management and data centric solutions for the production, processing and pipeline assets of its customers…
The deal for Desert, which provides non-destructive testing services for new oil and gas gathering pipelines and infrastructure integrity management services, is expected to close in the third quarter subject to U.S. regulatory approval.
Toronto-based ShawCor said the acquisition of Desert, which operates through 18 branches in major U.S. oil and gas basins, is expected to add to earnings within the first 12 months.
“We are very pleased to welcome Desert to the ShawCor family,” president and CEO Steve Orr said in announcing the deal Thursday.
“Desert’s NDT offering is expected to increase ShawCor’s exposure to the growing unconventional oil and gas production in the United States and to complement the business of Shaw Pipeline Services, ShawCor’s NDT business unit”
Orr added that the U.S. company would also be a vehicle to advance ShawCor’s strategy of providing management and data centric solutions for the production, processing and pipeline assets of its customers…
Scotiabank has signed a deal to buy a 20 per cent stake in Canadian Tire’s financial services business for $500 million in cash as part of a strategic partnership between the companies.
