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Do you really need $1.7 million to retire? We surveyed financial experts — and they all agreed you don’t Mar 6th
A recent BMO survey found Canadians expect they’ll need to save $1.7 million to retire comfortably. Such reports stoke unnecessary fear, financial experts say..... More »
Bank of Canada finds pockets of vulnerability in financial system - Financial Post + MORE May 10th
Bank of Canada finds pockets of vulnerability in financial system Financial PostBank of Canada warns of steep jump in mortgage payments The Globe and MailRenters so far more 'vulnerable' than homeowners amid higher interest rates. Why? - National | Globalnews.ca Glob.... More »
“Get to know and minimize the investing fees you pay”: Michael McCullough, MoneySense contributing editor + MORE Oct 30th
Financial writer and editor Michael McCullough has made a career of helping Canadians understand a wide range of money topics, from real estate to alternative investments. In addition to being a MoneySense contributor and contributing editor, Michael writes for The Globe and Mail and BCBusiness, and.... More »
Shares in two major cannabis companies halted on TSX + MORE May 3rd
Shares in two of Canada's three largest cannabis companies were halted on the Toronto Stock Exchange on Thursday..... More »
Rates are going down—is now a good time to buy a house in Canada? Jun 6th
Real estate market analysts say the Bank of Canada’s much anticipated decision to lower its key interest rate could be the sign that many would-be homebuyers have been waiting for to make their move. The central bank announced the quarter-percentage-point cut on Wednesday, its first in more than f.... More »
Quebecor hikes dividend 29% on bright outlook
– theglobeandmail.com
Company says revenue grew 5 per cent on gains across all of its major business segments
Canada’s luxury real estate gets pricier and pricier
– moneysense.ca
It can be argued that no segment of the real estate market has been more affected by foreign buyer money than Canada’s luxury real estate market. Now a new survey released by Royal LePage sheds some light on the impact foreign buyers have had on this segment of the market.
According to theRoyal LePage Carriage Trade Luxury Properties 2016 Report, Canada’s luxury residential real estate market has seen a notable increase in foreign buyer activity over the last 10 years, with some realtors suggesting that more than 25% of luxury properties now purchased by foreign buyers.
This report analyzed the luxury real estate market in four cities: Greater Toronto Area, Greater Vancouver, Greater Montreal Area and Calgary markets, and defined luxury as any property that cost no less than four times the average home price in these cities. The data shows a significant price appreciation in Canada’s luxury neighbourhoods across all four regions in the last 10 years. The Greater Vancouver luxury property market leads the country with a 10-year price increase of 125%, followed by the Greater Toronto Area with a 69% increase, Calgary with a 61% increase and the Greater Montreal Area with a 58% increase in luxury home prices between 2005 and 2015…
Vatican bank: now ‘impossible’ to launder money here
– canadianbusiness.com
VATICAN CITY – The head of the Vatican’s scandal-marred bank declared Thursday it’s now “impossible to launder money” there after a years-long cleanup that saw norms imposed to fight money laundering and tax evasion.
Jean-Baptiste Douville de Franssu made the claim as the bank reported net profit of 16.1 million euros ($18.3 million) last year, down from 69.3 million euros in 2014. The bank attributed the decrease to lower interest rates and market uncertainties and provisions to fix a foreign tax issue.
In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse “because you cannot serve two masters, and money is tempting.”
But now that new norms are in place, he said: “It is impossible to launder money at IOR.”
The bank has some 14,801 customers. About half are religious orders which use its investment services and to transfer money to missions around the world. Other customers include Vatican offices and employees…
Jean-Baptiste Douville de Franssu made the claim as the bank reported net profit of 16.1 million euros ($18.3 million) last year, down from 69.3 million euros in 2014. The bank attributed the decrease to lower interest rates and market uncertainties and provisions to fix a foreign tax issue.
In an interview with Vatican media, de Franssu acknowledged that in the past the IOR had been subject to abuse “because you cannot serve two masters, and money is tempting.”
But now that new norms are in place, he said: “It is impossible to launder money at IOR.”
The bank has some 14,801 customers. About half are religious orders which use its investment services and to transfer money to missions around the world. Other customers include Vatican offices and employees…
Enbridge pipelines to resume oil sands shipments within days
– theglobeandmail.com
Pipeline company posts earnings per share of $1.38 in the most recent quarter, compared with a loss of 46 cents in the same period last year
Crescent Point Energy reports 1st-quarter loss but tops expectations
– canadianbusiness.com
CALGARY – CALGARY, Alberta (AP) _ Crescent Point Energy Corp. (CPG) on Thursday reported a loss of $63.8 million in its first quarter.
The Calgary, Alberta-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil producer posted revenue of $370 million in the period.
Crescent Point shares have risen 36 per cent since the beginning of the year. The stock has declined 36 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPG at http://www.zacks.com/ap/CPG
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Keywords: Crescent Point Energy, Earnings Report
The post Crescent Point Energy reports 1st-quarter loss but tops expectations appeared first on Canadian Business – Your Source For Business News.
The Calgary, Alberta-based company said it had a loss of 12 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The oil producer posted revenue of $370 million in the period.
Crescent Point shares have risen 36 per cent since the beginning of the year. The stock has declined 36 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPG at http://www.zacks.com/ap/CPG
_____
Keywords: Crescent Point Energy, Earnings Report
The post Crescent Point Energy reports 1st-quarter loss but tops expectations appeared first on Canadian Business – Your Source For Business News.
