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Canada's main stock index sustains largest loss in more than a month + MORE Sep 29th
Canada's main stock index sustained its largest loss in more than a month while the loonie regained lost ground after the Canadian economy grew slightly faster than economists had expected in July..... More »
10 podcasts to amp up your investing and financial confidence May 3rd
Q. I’m 30 years old and would like to learn more about saving, budgeting, debt management, mortgages, taxes, investing and basic economics. I prefer podcasts to reading books and newspapers, mainly because I can listen to them on my walks or while exercising. Could you recommend a few that are tar.... More »
Eldorado backs down on threat to halt Greek investment, for now + MORE Sep 21st
The company says talks with government are ‘constructive’
.... More »
What will it take to re-energize oil stocks? + MORE Dec 1st
The energy sector has performed reasonably well in 2016, but you don’t have to ask an Albertan to know it’s still a long way off from what it was. What will it take to re-energize the oil stocks? Here are three key signals Lanny Pendill at Edward Jones says you need to watch before you top up th.... More »
Saudi Arabia taking Aramco public on Riyadh stock exchange - CBC.ca Nov 3rd
Saudi Arabia taking Aramco public on Riyadh stock exchange CBC.caSaudi Arabia formally begins IPO of giant oil firm Saudi Aramco Global NewsSaudi regulator approves Aramco share listing request Al Jazeera EnglishAramco float a crude effort at opening up the kingdom&n.... More »
Sears reports 1Q loss
– canadianbusiness.com
HOFFMAN ESTATES, Ill. (AP) _ Sears Holdings Corp. (SHLD) on Thursday reported a loss of $471 million in its fiscal first quarter.
On a per-share basis, the Hoffman Estates, Illinois-based company said it had a loss of $4.41. Losses, adjusted for pretax expenses and asset impairment costs, came to $1.86 per share.
The department store operator posted revenue of $5.39 billion in the period.
Sears shares have fallen 39 per cent since the beginning of the year. The stock has dropped 71 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 SHLD at http://www.zacks.com/ap/SHLD
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Keywords: Sears Holdings, Earnings Report, Priority Earnings
The post Sears reports 1Q loss appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Hoffman Estates, Illinois-based company said it had a loss of $4.41. Losses, adjusted for pretax expenses and asset impairment costs, came to $1.86 per share.
The department store operator posted revenue of $5.39 billion in the period.
Sears shares have fallen 39 per cent since the beginning of the year. The stock has dropped 71 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 SHLD at http://www.zacks.com/ap/SHLD
_____
Keywords: Sears Holdings, Earnings Report, Priority Earnings
The post Sears reports 1Q loss appeared first on Canadian Business – Your Source For Business News.
Why you should learn to love sell-offs
– moneysense.ca
It drives me crazy. Whenever we go through a down draft in the stock market, like the one we had at the beginning of this year, investors are universally scared and discouraged. Their mood is inextricably linked to their paper losses and the doom and gloom they’re reading about in the media.
I certainly wasn’t immune. I was concerned about my declining net worth and what’s going on in the world around us—negative interest rates, a slowdown in China, and piles and piles of debt are big issues. But fear isn’t an equal opportunity emotion; bad news and weak stock markets impact people differently.
Retired investors who are drawing an income from their portfolio have reason to be concerned. If they haven’t got enough cash in reserve, then they’re forced to sell holdings at reduced prices. But younger investors who are working and regularly contributing to their portfolio—accumulators as we call them—shouldn’t be fearful. What they should be doing is licking their chops, jumping up and down and scrambling to find more money to invest…
Prime Minister Justin Trudeau, left, meets with Japan Prime Minister Shinzo Abe at the Kantei in Tokyo, Japan, on Tuesday, May 24, 2016. THE CANADIAN PRESS/Sean KilpatrickISE, Japan – A group of powerful world leaders is about to hear a starkly new take on what Canada thinks must be done to revive the stagnant global economy.
Prime Minister Justin Trudeau will promote Canada’s growth-boosting plan to his Group of Seven counterparts this week in Japan.
Trudeau’s theme: government investment is better than belt-tightening.
This approach will sound different to G7 leaders than the message they likely heard from Trudeau’s predecessor, Stephen Harper.
The ex-Conservative leader, who lost power to Trudeau’s Liberals last fall, regularly called upon the global community to apply budgetary restraint.
Trudeau’s approach is expected to be well-received by most of his G7 peers at the two-day summit, which begins Thursday in Japan’s Ise-Shima region.
Most of the leaders have supported the use of fiscal tools to foster growth, but countries such as Germany and the United Kingdom are likely to stick to their cost-cutting approaches…
TD grows second-quarter profit to $2.05 billion on higher retail banking results
– canadianbusiness.com
TORONTO – TD Bank (TSX:TD) reported a second-quarter profit of $2.05 billion, up from $1.86 billion a year ago as its retail banking operations on both sides of the border had stronger earnings.
The earnings amounted to $1.07 per share, up from 97 cents per share during the same period last year.
On an adjusted basis, TD had a quarterly profit of $2.28 billion or $1.20 per share, compared with $2.17 billion or $1.14 per share during the second quarter of 2015.
Revenue for the period ended April 30 was $8.26 billion, up from $7.76 billion a year ago.
The bank’s provision for credit losses was $584 million — up $209 million, or 56 per cent, from a year ago, but down $58 million, or nine per cent, from the previous quarter.
Follow @alexposadzki on Twitter.
The post TD grows second-quarter profit to $2.05 billion on higher retail banking results appeared first on Canadian Business – Your Source For Business News.
The earnings amounted to $1.07 per share, up from 97 cents per share during the same period last year.
On an adjusted basis, TD had a quarterly profit of $2.28 billion or $1.20 per share, compared with $2.17 billion or $1.14 per share during the second quarter of 2015.
Revenue for the period ended April 30 was $8.26 billion, up from $7.76 billion a year ago.
The bank’s provision for credit losses was $584 million — up $209 million, or 56 per cent, from a year ago, but down $58 million, or nine per cent, from the previous quarter.
Follow @alexposadzki on Twitter.
The post TD grows second-quarter profit to $2.05 billion on higher retail banking results appeared first on Canadian Business – Your Source For Business News.
CIBC reports increased second-quarter earnings, boosts dividend – The Daily Courier (subscription)
– news.google.ca
CIBC reports increased second-quarter earnings, boosts dividendThe Daily Courier (subscription)TORONTO – CIBC (TSX:CM) saw its second-quarter profit grow to $941 million, up from $911 million during the same period last year. The profit amounted to $2.35 per share of net income, up from $2.25 during the second quarter of 2015.and more »
