The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Thomson Reuters expects higher 2018 costs, shares drop May 11th
Thomson Reuters Corp. forecast its costs would more than double for the year but revenue would only increase modestly. The prediction sent shares of the news and information company down five per cent as investors fretted about earnings growth..... More »
Most actively traded companies on the TSX + MORE Nov 21st
Some of the most active companies traded Monday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,039.87, up 175.84 points):
Canopy Growth Corp. (TSX:CGC). Drug manufacturer. Down $2.12, or 16.83 per cent, to $10.48 on 9.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Up 59 cents, or .... More »
Ontario lifts tuition freeze, unveils OSAP reforms as it boosts university and college funding. Here's what it will mean for schools and students Feb 12th
Ontario is overhauling OSAP, so that financial aid will be mainly loans with far fewer non-repayable grants..... More »
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization - Financial Post Nov 14th
Canopy Growth shares plunge to record low after revenue drops most since cannabis legalization Financial PostCanopy Growth hit with millions in product return charges, $375M net loss in Q2 Yahoo Canada FinanceCanopy Growth Reports Second Quarter Fiscal 2020 Financial Results&nb.... More »
Cost Versus Convenience in “ex Canada” ETFs + MORE Jun 20th
I used to own one of those one-piece cutlery tools designed for hiking and camping—the kind with a knife, fork and spoon that all fold into a single unit. It was hardly ideal for eating, especially if you needed the fork and knife at the same time. But it was more convenient than trekking around w.... More »
Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump
– canadianbusiness.com
NEW YORK, N.Y. – Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump.
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 per cent, or 100 jobs, by the end of January.
CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
“Fast fashion” outfits like H&M and Forever 21 have become more popular with teens than stores like Aeropostale, Abercrombie & Fitch and American Eagle Outfitters.
Aeropostale’s shares have lost 92 per cent of their value in the past 12 months and the stock hasn’t touched above $1 since September.
The post Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump appeared first on Canadian Business – Your Source For Business News.
The New York company said Tuesday it expects to cut expenses by $35 million to $40 million a year starting in fiscal 2016 and will slash its corporate staff by 13 per cent, or 100 jobs, by the end of January.
CEO Julian Geiger is also giving back 1 million stock options so Aeropostale can give them to other employees in an effort to keep them with the company.
“Fast fashion” outfits like H&M and Forever 21 have become more popular with teens than stores like Aeropostale, Abercrombie & Fitch and American Eagle Outfitters.
Aeropostale’s shares have lost 92 per cent of their value in the past 12 months and the stock hasn’t touched above $1 since September.
The post Teen retailer Aeropostale says it’s cutting costs and jobs amid a yearslong sales slump appeared first on Canadian Business – Your Source For Business News.
Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’
– macleans.ca
EDMONTON – Alberta Premier Rachel Notley is firing back at celebrity financial guru Kevin O’Leary.
O’Leary, formerly of CBC-TV’s “Dragon’s Den,” has said he is so concerned about what Notley’s NDP government is doing to Alberta’s economy, he’ll invest $1 million in the oilpatch if she’ll quit.
Notley says the last time businessmen spoke out against her she became premier.
She was referring to five Alberta corporate leaders with ties to the Progressive Conservatives who held a news conference just before last May’s provincial election.
The five, whom Notley nicknamed “The Monopoly Men,” warned against voting for the NDP and complained that businesses always get the short end of the tax stick.
Notley says if O’Leary wants to attack her the same way, she has one response: “Bring it on.”
The post Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’ appeared first on Macleans…
O’Leary, formerly of CBC-TV’s “Dragon’s Den,” has said he is so concerned about what Notley’s NDP government is doing to Alberta’s economy, he’ll invest $1 million in the oilpatch if she’ll quit.
Notley says the last time businessmen spoke out against her she became premier.
She was referring to five Alberta corporate leaders with ties to the Progressive Conservatives who held a news conference just before last May’s provincial election.
The five, whom Notley nicknamed “The Monopoly Men,” warned against voting for the NDP and complained that businesses always get the short end of the tax stick.
Notley says if O’Leary wants to attack her the same way, she has one response: “Bring it on.”
The post Rachel Notley on Kevin O’Leary’s attacks: ‘Bring it on’ appeared first on Macleans…
The Royal Canadian Mint is ending its experiment with digital payments, selling off its MintChip platform to Toronto-based financial startup nanoPay.
Why you should pay for insurance annually
– moneysense.ca
Almost everyone pays their insurance premiums monthly, but according to Chad Larmond of Larmond Risk Management Insurance, that’s not wise. “By paying annually, you will save 7% to 9%,” he says. There are three things working against you when you pay monthly. First, there is an administrative cost to process your premiums. Second, insurance companies charge you for the time they have to wait to get your money. Third, it’s an opportunity for insurance companies to profit from people’s aversion to paying premiums: People will happily pay more for the appearance of keeping their payments low. So if you’ve got the cash on hand, phone up your insurance provider and ask to pay your premiums annually. You can go out for a nice meal with the money you saved.
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Acasti Pharma posts loss of $1.7 million in third quarter
– canadianbusiness.com
LAVAL, Que. – LAVAL, Quebec (AP) _ Acasti Pharma Inc. (ACST) on Tuesday reported a fiscal third-quarter loss of $1.7 million, after reporting a profit in the same period a year earlier.
The Laval, Quebec-based company said it had a loss of 16 cents per share.
The biopharmaceutical company posted revenue of $4,000 in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.76. A year ago, they were trading at $5.60.
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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 ACST at http://www.zacks.com/ap/ACST
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Keywords: Acasti Pharma, Earnings Report
The post Acasti Pharma posts loss of $1.7 million in third quarter appeared first on Canadian Business – Your Source For Business News.
The Laval, Quebec-based company said it had a loss of 16 cents per share.
The biopharmaceutical company posted revenue of $4,000 in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $1.76. A year ago, they were trading at $5.60.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACST at http://www.zacks.com/ap/ACST
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Keywords: Acasti Pharma, Earnings Report
The post Acasti Pharma posts loss of $1.7 million in third quarter appeared first on Canadian Business – Your Source For Business News.
