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India unveils restrained pre-election budget; finance minister says fiscal deficit lowered + MORE Feb 17th
MUMBAI, India – India’s finance minister unveiled Monday a restrained mini budget for the government’s remaining months in office, saying the budget deficit has narrowed and pledging to keep public spending steady.
Palaniappan Chidambaram said that the Indian government’s fin.... More »
A complete guide to TFSA accounts in 2022 Jan 31st
In 2009, the federal government introduced Tax-Free Savings Accounts (TFSAs). This account quickly became popular with investors since it was another savings vehicle that allowed people to tax-shelter their money. However, the name is misleading, and many people still don’t understand how TFSA.... More »
Fear grips investors as stock markets plunge, loonie down - CTV News Mar 12th
Fear grips investors as stock markets plunge, loonie down CTV NewsTSX, Wall Street keep dropping after triggering 2nd trading halt in a week Global NewsTSX falls by 12%, now back to where it was in 2016 CBC.caCanadian stocks on brink of biggest drop since 1940 amid g.... More »
U.S. Commerce Secretary Wilbur Ross denies any wrongdoing in shorting stock Jun 20th
Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company..... More »
Philadelphia's Forfeiture Landmark Sep 19th
No longer can cops and prosecutors seize assets to fund their own pay..... More »
30 days – 1.50%
– 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.
Uranium miner Cameco says 2018 production target no longer makes sense
– canadianbusiness.com
SASKATOON – Cameco chief executive Tim Gitzel says it no longer makes sense for the company to keep its goal of producing 36 million pounds of uranium a year by 2018.
He says the company continues to like the long-term prospects for the industry, but the near- to medium-term outlook is too foggy to support that target.
Cameco (TSX:CCO) says it expects to produce 23.8 million to 24.3 million pounds in 2014.
The uranium miner says it earned $64 million, or 16 cents per share, in the quarter ended Dec. 31, up from $41 million, or 10 cents per share, a year ago.
Revenue for the three-month period totalled $977 million, up from $846 million.
Adjusted earnings for the company were $150 million, or 38 cents per share, down from $233 million, or 59 cents per share.
The post Uranium miner Cameco says 2018 production target no longer makes sense appeared first on Canadian Business.
He says the company continues to like the long-term prospects for the industry, but the near- to medium-term outlook is too foggy to support that target.
Cameco (TSX:CCO) says it expects to produce 23.8 million to 24.3 million pounds in 2014.
The uranium miner says it earned $64 million, or 16 cents per share, in the quarter ended Dec. 31, up from $41 million, or 10 cents per share, a year ago.
Revenue for the three-month period totalled $977 million, up from $846 million.
Adjusted earnings for the company were $150 million, or 38 cents per share, down from $233 million, or 59 cents per share.
The post Uranium miner Cameco says 2018 production target no longer makes sense appeared first on Canadian Business.
120 days – 1.70%
– 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.
Activist investor Carl Icahn is backing off his proposal that Apple spend $50 billion US buying back its own stock during the current fiscal year that ends in September.
Stephen Harper must abandon obsession with austerity in budget: Liberals
– canadianbusiness.com
OTTAWA – Deputy Liberal leader Ralph Goodale is urging the federal Conservatives to abandon what he calls their obsession with austerity in Tuesday’s budget.
The former finance minister says it’s the wrong policy when households are carrying record levels of debt, the country is running a chronic trade deficit and businesses aren’t boosting their investments.
Goodale says the government should allot more money for infrastructure and access to post-secondary education, while eliminating tariffs on consumer goods and reducing the burden of higher employment insurance payroll taxes.
He says the Tories should also stop spending millions of taxpayer dollars on advertising unless there’s some accountability on how that money is spent.
Goodale says he doesn’t know whether the Tories should delay their self-imposed deadline of 2015 to balance the books because he doesn’t have access to all the financial information they do.
But he says he’s skeptical of the Conservative math because they’re planning to balance the books, in part, by simply not spending the money they’ve promised in the budget…
The former finance minister says it’s the wrong policy when households are carrying record levels of debt, the country is running a chronic trade deficit and businesses aren’t boosting their investments.
Goodale says the government should allot more money for infrastructure and access to post-secondary education, while eliminating tariffs on consumer goods and reducing the burden of higher employment insurance payroll taxes.
He says the Tories should also stop spending millions of taxpayer dollars on advertising unless there’s some accountability on how that money is spent.
Goodale says he doesn’t know whether the Tories should delay their self-imposed deadline of 2015 to balance the books because he doesn’t have access to all the financial information they do.
But he says he’s skeptical of the Conservative math because they’re planning to balance the books, in part, by simply not spending the money they’ve promised in the budget…
