wealth | Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan - CBC News + MORE Oct 14th

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Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan – CBC News

– news.google.ca

Under fire, U.K. PM Liz Truss dumps finance minister and scraps tax plan CBC NewsTruss dumps U.K. corporation tax freeze plan after firing ally BNN BloombergBritish finance minister Kwasi Kwarteng ousted as PM Liz Truss scraps part of tax plan The Globe and MailThis mini-budget crisis feels like the death of the Conservative party The GuardianThe Guardian view on the UK’s financial crisis: a lot of blame to go around The GuardianView Full coverage on Google News

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Housing market slowdown continues with sales and average prices well down from last year – CBC News

– news.google.ca

Housing market slowdown continues with sales and average prices well down from last year CBC NewsCanadian Real Estate Association reports home sales in September continued to slow BradfordTodayCanada’s average home price in September was down 6.6% from last year, CREA says Global NewsCanada Home Sales Drop 3.9% in September MarketWatchPeterborough home sales continue to slide but may have hit ‘tapering point’ The Peterborough ExaminerView Full coverage on Google News

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Making sense of the markets this week: October 16

– moneysense.ca

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. earnings remain strong

It looks more and more likely that companies in North America will start to see their profits decline at some point in the next year or so. By and large though, it doesn’t appear we’re at that point just yet. (All values are in U.S. currency unless otherwise stated.)

Pepsi (PEP/NASDAQ) kicked off the earnings season with a substantial earnings beat, cashing in to the tune of $1.97 in earnings per share (versus $1.84 predicted). Revenues were also strong at $21.97 billion (versus $20.84 billion predicted). Shares were up 4% on Wednesday after the earnings report.

Delta’s earnings (DAL/NYSE) arrived on time, coming at $1.51 per share (versus $1.53 predicted) on $12.84 billion in revenues (versus $12.87 billion predicted). The massive airline credited a strong international demand (specifically to Europe) for its increased profits…

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