How to go about securing the best return for your investment in Canada.
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Why not borrow heavily when interest rates are so low? Here’s why + MORE Apr 20th
(Illustration by Nicholas Little)
Q: Given today’s low interest rates, should I max out my business’s bank loan to bolster my cash flow?
“It’s true, you don’t pay much service for debt if you do a short-term draw while the interest rate is low,” says Jeffrey Sherman, a speaker on c.... More »
Canadian exporters feel pessimistic on NAFTA uncertainty, seeking new solutions + MORE Dec 16th
TORONTO _ Nearly one-quarter of Canadian exporters believe they are negatively affected by looming NAFTA renegotiation uncertainty and are turning to creative solutions to succeed even if the free trade agreement fails, according to a poll by Export Development Canada.
The federal agency supporting .... More »
Cut tax while cashing in a whole life policy + MORE Apr 21st
Q: My question is about whole life insurance. My wife and I both have policies. her cash surrender value with paid up additions is around $200,000. My policy is about $190,000. We have no children. We both have pension plans and comfortable assets. We are looking at surrendering one if not both in.... More »
What’s on MLS: This is what $2 million buys + MORE Dec 9th
Yes, of course $2-million will let you buy a stunning urban home complete with modern remodel and architectural upgrades, but aren’t you just a little bit curious as to what else $2-million will get you in the Canadian real estate market?
Here’s a snapshot of what a $2-million (or more.... More »
Do you need that bank mutual fund? Maybe not + MORE Jul 10th
A regulator-led survey of Ontario mutual fund dealers based out of big banks finds a sizable minority are not always acting in the interests of clients.
The survey of close to 3,000 dealers by the Ontario Securities Commission and the Canadian Investment Regulatory Organization found that 25% say.... More »
Nissan Motor Co. reports higher profit, but cuts earnings outlook as recalls add to costs
– canadianbusiness.com
TOKYO – Nissan Motor Co., Japan’s second-biggest automaker, cut its earnings forecast Friday to reflect tougher than expected conditions in many markets and expensive recalls.
The company posted a 107.8 billion yen ($1.1 billion) net profit for the July-September quarter, a meagre 2 per cent increase from 105.7 billion yen a year earlier. Quarterly sales rose 16 per cent to 2.5 trillion yen ($25.4 billion).
“We had very costly recalls that hit our earnings,” Nissan President and Chief Executive Carlos Ghosn said in a video statement.
The company cut its profit forecast for the full fiscal year ending March by 15.5 per cent to 355 billion yen ($3.6 billion).
Nissan said last week it was recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash. In September, it recalled 908,900 vehicles around the world for defective accelerator sensors that could cause engines to stall.
Weaker than expected sales in Russia, Australia, Indonesia, Thailand and Brazil also took a toll, Ghosn said, though Nissan did well in China despite slowing growth in that market…
The company posted a 107.8 billion yen ($1.1 billion) net profit for the July-September quarter, a meagre 2 per cent increase from 105.7 billion yen a year earlier. Quarterly sales rose 16 per cent to 2.5 trillion yen ($25.4 billion).
“We had very costly recalls that hit our earnings,” Nissan President and Chief Executive Carlos Ghosn said in a video statement.
The company cut its profit forecast for the full fiscal year ending March by 15.5 per cent to 355 billion yen ($3.6 billion).
Nissan said last week it was recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash. In September, it recalled 908,900 vehicles around the world for defective accelerator sensors that could cause engines to stall.
Weaker than expected sales in Russia, Australia, Indonesia, Thailand and Brazil also took a toll, Ghosn said, though Nissan did well in China despite slowing growth in that market…
5.5 year – 3.00%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-10-30. Click on the link above to get more details or apply online.
Norbord earns $27 million, 50 cents per share, in third quarter
– canadianbusiness.com
TORONTO – Norbord Inc. (TSX:NBD) says it recorded $27 million in earnings during third quarter, or 50 cents per diluted share _ virtually unchanged from a gain of $27 million and 59 cents per share in the same quarter last year.
Earnings in the latest quarter include a $9 million one-time non-recurring income tax recovery.
In North America, Norbord says third quarter shipments of oriented strand board (OSB) rose 11 per cent year-over-year due to improved mill operating performance and the ramp-up of the Jefferson, Texas mill.
Norbord’s OSB mills produced at approximately 80% of installed capacity, compared to 75% in the prior quarter and 70% in the same quarter last year.
Excluding the two mothballed mills in Huguley, Ala., and Val-d’Or, Que., Norbord produced at approximately 100 per cent of capacity. It does not currently expect to restart its curtailed mills in 2014.
In Europe, panel shipments were flat year-over-year. Total shipments, including flat-pack furniture, were three per cent lower than the same quarter last year reflecting the usual summer slowdown…
Earnings in the latest quarter include a $9 million one-time non-recurring income tax recovery.
In North America, Norbord says third quarter shipments of oriented strand board (OSB) rose 11 per cent year-over-year due to improved mill operating performance and the ramp-up of the Jefferson, Texas mill.
Norbord’s OSB mills produced at approximately 80% of installed capacity, compared to 75% in the prior quarter and 70% in the same quarter last year.
Excluding the two mothballed mills in Huguley, Ala., and Val-d’Or, Que., Norbord produced at approximately 100 per cent of capacity. It does not currently expect to restart its curtailed mills in 2014.
In Europe, panel shipments were flat year-over-year. Total shipments, including flat-pack furniture, were three per cent lower than the same quarter last year reflecting the usual summer slowdown…
Weekend Readings – Apple Beats Estimates
– IntelligentSpeculator.net
http://techcrunch.com/2013/10/28/apples-q4-13-beats-with-37-5b-revenue-up-4-yy-7-5b-profit-and-8-26-eps/
General Readings
-Two giant investors at war on Twitter @ Bloomberg
-Are buybacks all good? @ MoneyBeat
Dividend/Passive Income Readings
-Death Bonds – A Spooky investment for Halloween @ TheDividendGuyBlog
Tech Stock Readings
-Tax loopholes closing could have major impacts on Tech stocks @ Bloomberg
-Big beat in earnings by Facebook ($FB) @ TechCrunch
General Readings
-Two giant investors at war on Twitter @ Bloomberg
-Are buybacks all good? @ MoneyBeat
Dividend/Passive Income Readings
-Death Bonds – A Spooky investment for Halloween @ TheDividendGuyBlog
Tech Stock Readings
-Tax loopholes closing could have major impacts on Tech stocks @ Bloomberg
-Big beat in earnings by Facebook ($FB) @ TechCrunch
http://www.thereformedbroker.com/2013/10/30/wolf-of-wall-street-trailer-2-hits/
The post Weekend Readings – Apple Beats Estimates appeared first on Intelligent Speculator.
Bank segregates toxic assets as it reports third quarter loss
– canadianbusiness.com
LONDON – Royal Bank of Scotland announced Friday it will segregate up to 39 billion pounds ($62 billion) of toxic assets to clean up its balance sheet in the aftermath of the financial crisis.
The taxpayer-owned bank’s decision comes with the support of the U.K government, which had reviewed the possibility of creating a separate entity to manage the assets. The government concluded that spinning off a so-called bad bank’ would do more harm than good, in part because it would distract management at a crucial moment.
Instead, RBS will create an “internal bad bank,” meaning it will segregate high-risk assets and manage them separately from the rest of the bank. The goal is to dispose of 55 per cent to 70 per cent of these assets by the end of 2016.
“While there is inevitable uncertainty associated with running down such assets, we have a clear aspiration to remove all these assets from the balance sheet in three years,” Chief Executive Ross McEwan said in a statement…
The taxpayer-owned bank’s decision comes with the support of the U.K government, which had reviewed the possibility of creating a separate entity to manage the assets. The government concluded that spinning off a so-called bad bank’ would do more harm than good, in part because it would distract management at a crucial moment.
Instead, RBS will create an “internal bad bank,” meaning it will segregate high-risk assets and manage them separately from the rest of the bank. The goal is to dispose of 55 per cent to 70 per cent of these assets by the end of 2016.
“While there is inevitable uncertainty associated with running down such assets, we have a clear aspiration to remove all these assets from the balance sheet in three years,” Chief Executive Ross McEwan said in a statement…
