Time to Refresh Your RRSP Basics
It’s RRSP season, the time of year when many Canadians focus on their retirement savings. This isn’t due to the cold reality presented by mid-winter, but the looming deadline to make an annual contribution to one’s registered retirement savings plan. For over six decades, the RRSP has facilitated saving by providing a generous tax deferral […]
What Effects Might Trump’s Tariffs Have on the…
Dashing any hopes of a last-minute reversal of his threat, US President Donald Trump signed executive orders on Feb. 1 unleashing a wrecking ball of 25% tariffs on most Canadian goods and 10% levies on energy exports to the US. The news has triggered widespread alarm among economists and fears of financial turmoil among market […]
Finance Secretary: Cut in Import Duty Sends a Message to the World | Business News
Cut in import duty a message to the world, says Finance Secretary | Business News The government’s decision in the Budget to reduce import tariffs on a number of items is a conscious call to rationalise India’s trade tariffs, which had come under criticism, notably from US President Donald Trump, for being too high. Finance […]
Gold Soars Once More – MINING.COM
From early October 2023 to late October 2024, gold soared an epic 53.1% higher in a rare monster-status upleg exceeding 40%! With stellar accomplishments like this, gold should’ve been one of 2024’s dominant financial-news topics fueling intense trader interest. While there was some reporting, for the most part this powerful bull market has been ignored. […]
Meta Earnings: Increasing Fair Value Due to Generative AI Advances…
What We Thought of Meta’s Earnings Meta META reported strong fourth-quarter financial results, with the firm’s sales growing 21% year over year to $46.8 billion and operating margins expanding 700 basis points year over year to 48%. Why it matters: Meta’s advertising behemoth surpassed our expectations on both the top and bottom line. We were […]
Trump Imposes Tariffs on Imports from Canada, Mexico, and China, Declares ‘National Emergency’
Trump signs tariffs on imports from Canada, Mexico and China: ‘National emergency’ The Trump administration will be imposing tariffs through its new International Emergency Economic Powers Act (IEEPA). President Donald Trump signed an executive order authorizing the tariffs Saturday, which will go into effect Tuesday, consisting of a 25% additional tariff on imports from Canada […]
Canadian Pacific Earnings: Impact of Port Disruptions on Performance
Canadian Pacific Kansas City’s CP fourth-quarter top line grew by 3% year over year, on yield gains (longer lengths of haul) and synergies related to the merger with Kansas City Southern, partly offset by labor-related port disruption for coal and intermodal. Profitability also improved relative to a year ago. Key Morningstar Metrics for Canadian Pacific […]
Canada’s Economy Contracted in November Due to Tariff Impacts…
The Canadian economy declined 0.2% in November as the country faced a hefty 25% US tariff on its exports, which could take effect as early as this Saturday. That decline followed a 0.3% expansion in October. Even with a projected 0.2% rebound in December, analysts note that the implied quarterly growth of 1.6% (annualized) falls […]
Canadian National Earnings: Impact of Cold Weather and…
Key Morningstar Metrics for Canadian National Railway Company What We Thought of Canadian National Railway Company’s Earnings Canadian National Railway Company’s CNR fourth-quarter top line fell 2.5% year over year due to labor-related port disruption (strikes at Vancouver, Prince Rupert, and Montreal) and greater cold weather operating restrictions. These factors also pressured margins during the […]
Tariffs Under Trump, American Airlines, and the U.S.-China AI Competition
Trump’s tariffs, American Airlines and the U.S.-China AI race Steve Forbes, chairman and editor-in chief of Forbes Media, gives his take on the impact and longevity of President Donald Trump’s tariffs on foreign countries on ‘Kudlow.’ -Stocks wrapped up a winning January, despite ending the Friday session lower as investors digested a fresh inflation report […]