Not a millionaire? Pay for expert financial advice the same way you pay for Netflix
Want to get your financial house in order? There’s a monthly subscription service for that. The same payment model that you use to cover Netflix and Spotify each month has arrived to the world of financial advice. Charles Schwab recently announced it would start charging investors in its Schwab Intelligent Portfolios Premium service a one-time […]
To Save More, Think Like an Optimist
A new study suggests that the power of positive thinking could also have a positive effect on your bank balance. The Motley Fool reports: A whopping 90% of optimists say they’ve saved up for a major purchase, compared to just 70% of pessimists. And 61% of optimists have started an emergency fund, while only 43% of […]
TSX, S&P 500 hit new closing highs on Tuesday
Oil prices help push up stocks, but strong earnings numbers helped too The two best known stock indexes in Canada and the U.S. closed at record highs on Tuesday, as the price of oil pushes higher and U.S. companies posted strong profits. The S&P/TSX Composite Index of the largest companies on the Toronto Stock Exchange […]
Oil curtailments working?
Cenovus Energy Inc. reported a profit of $110 million in its first quarter compared with a loss a year ago as it benefited from improved prices for western Canadian oil. The company says the improvement in prices for western Canadian oil due to the Alberta government’s curtailment program more than offset the impact of reduced […]
Energy sector lifts TSX
Gains in the energy sector helped lift Canada’s main stock index in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 47.39 points at 16,624.67. In New York, the Dow Jones industrial average was up 107.23 points at 26,618.28. The S&P 500 index was up 17.15 points at 2,925.12, […]
CP Rail profits jump 25%
Canadian Pacific Railway Ltd. missed expectations even though its profits surged 25 per cent during the winter quarter despite lower volumes caused by frigid temperatures and heavy snowfall. “What happened to us in February, especially in the first two weeks of March, was extraordinary,” chief executive Keith Creel told investors on a conference call Tuesday. […]