Description: Canadian clothier Canada Goose reports good results with its latest quarterly earnings of over $130 million. Revenues were almost $610 million, up by six percent over results from the previous year. Canada Goose anticipates that its sales results for the full 2024 year will be somewhere in the range of $1.285 billion and $1.305… Read more »
Posts Categorized: eCommerce
Books Bounce Back
Description: A few years ago, the emergence of e-readers was seen as one more disruptive technology; one that seemed poised to kill the book. Well, take another look folks as the analog book is back. Sales of print books have risen somewhere between 10 % and 14 % in English speaking markets over the last… Read more »
A 47-Year Mortgage
Description: Negative amortization is pushing some Canadian homeowners to longer and longer mortgages. When rising interest rates eat up more and more of a fixed payment from a client, the life of the mortgage gets extended to allow more time to pay off the principal. Homeowner Michael Girard-Courty now finds that only $27 of his… Read more »
Big Win? Or No Win?
Description: When Luc Massé of Shediac, New Brunswick, rolled up his rim for the first time this year playing Tim Horton’s annual contest, he was surprised to see a big win of a $10,000 American Express prepaid card. Massé smartly took a screen shot of the prize notification and began to dream of a trip… Read more »
Tax on Stock Buybacks
Description: The federal government is set to introduce a 2% tax on stock buybacks. The government hopes this move will encourage companies to reinvest their profits in order to grow and benefit the Canadian economy, rather than buying back shares with excess cash. Kim Forrest of Bokeh Capital Partners does not believe the 2% penalty… Read more »
Facebook Falling
Description: The stock price of Meta, Facebook’s parent company, has been tanking. On Thursday, the markets wiped out 20 percent of the big tech giant’s market valuation, following two quarter’s of revenue declines. Investors see former Facebook advertisers heading off to TikTok as one of Meta’s problems. Others see the billions of spending on the… Read more »
Netflix Light?
Description: Perhaps it will appeal to some customers in these inflationary times; Netflix is offering Canadians a reduced monthly rate of $5.99. The catch is you have to be willing to put up with about five minutes of ads each hour in exchange for your rate reduction. The move seems to fly in the face… Read more »
Loading up on Debt
Description: Canadians are taking on more debt with Statistics Canada telling us that debt per household in Canada is now 181.7 per cent of income. This figure is up from just under 180 per cent in the previous quarter. According to Ksenia Bushmeneva, an economist with TD Bank, “the selloff in financial markets earlier this… Read more »
Streaming Changes
Description: With word this week that Netflix reported its first drop in subscribers since 2011, and with streaming service CNN+ shutting down only one month after launch, https://www.cbc.ca/news/business/cnn-streaming-1.6426163, it’s no wonder some are speculating about challenges ahead for streaming services. Rising inflationary pressures may be part of the reason for Netflix’s declines, as the video… Read more »
Paying Big Dividends
Description: Two big Canadian banks, TD and CIBC, have upped their dividends by 10% after announcing their latest quarterly results. The banking sector has done quite well during the pandemic, and the market had anticipated some range of dividend increase. Until recently, the regulator had been restricting dividend payments by the banks during Covid-19 in… Read more »