Australia's dollar is poised to drop another 5 per
cent this year as the central bank stays on hold while the Federal Reserve keeps raising interest rates, Goldman Sachs Asset Management says.
Not exact matches
The investment indicator in the Business Outlook Survey weakened significantly from the summer report,
as the balance of opinion between firms planning more spending on machinery and equipment versus those predicting less dropped to 17 per
cent from 29 per
cent in the summer and 35 per
cent at the start of the
year.
And if U.S. giant Verizon provides coast - to - coast service north of the border, it could snatch up
as much
as 10 or 15 per
cent of the market after a few
years, he said.
Just three per
cent of British households own a smart thermostat, up from two per
cent last
year, while a similar two per
cent own phone - controlled lights — the same amount
as a
year earlier.
Perth has suffered the biggest drop in house prices, falling 2.4 per
cent in the June quarter,
as capital city house prices across Australia decline by the sharpest rate in nearly than three
years.
The Dow Jones industrials fell 66.79 points to 15,334.59
as the Standard & Poor's / Case - Shiller 20 - city home price index rose 12.4 per
cent in July compared with a
year ago, the most since February 2006.
Statistics Canada's Consumer Price Index rose one per
cent in June from a
year earlier,
as cheaper gasoline allowed Canadians to stretch their paycheques, the agency reported July 21.
As of the end of July, there were nearly 123,000 consumer proposals and personal bankruptcies filed by Canadians this
year, a decline of 1.2 per
cent from the same period last
year.
Personal income tax will hit a 20 -
year high of 12.5 per
cent of GDP by 2020 - 21 under the budget forecasts
as the government relies on bracket creep and an increase in the Medicare levy to return the budget to surplus.
New car sales in Western Australia started the 2018 financial
year in the slow lane, falling 8 per
cent in July
as national sales continued to rise.
End - of - financial -
year specials failed to maintain May's positive tone on new car sales for Western Australia, with numbers for June down 5.5 per
cent as the financial
year ended with a whimper.
Belarusian Potash Co. supplied about 42 per
cent of the world's potash exports before it broke up and sent prices to a four -
year low
as major buyers like China and India waited to see how far prices would fall.
The company is also disclosing that it generated $ 317 million in revenue in 2012 and that it had more than 218 million active users
as of the end of June, up 44 per
cent from a
year earlier.
On an adjusted basis to remove one - time items such
as the tax charge, Canada's biggest lenders earned roughly $ 11.3 billion, up approximately 12.59 per
cent from a
year ago
As well, the company's gross margins before fair value adjustments shrunk from 58 per
cent of sales or $ 12.5 million, compared to 64 per
cent of sales or $ 6.2 million in the fiscal third quarter a
year ago.
The number of applications for university places this
year has fallen by 25.4 per
cent in Western Australia,
as a result of the change 12
years ago in the school starting age.
TD forecasts home prices will soar between 20 per
cent and 25 per
cent overall this
year, and tick up
as much
as five per
cent next
year.
The state's rural confidence is at its highest level in over two
years after a rainy autumn has found 84 per
cent of farmers expecting this
year to be better or
as good
as last
year's season.
Perth dwelling values fell 1 per
cent in January
as Australia's combined capital cities showed a 0.9 per
cent rise, with the local market expected to remain soft this
year.
Mining services company Ausdrill has suffered a 148.5 per
cent fall in full -
year profit to make a loss of $ 43.9 million, on the back of $ 77.9 million in write - downs and impairment charges
as a result of the diminished outlook for mining services.
According to TD, roughly 17 per
cent of homes in the region were resold within two
years as of March 2016, up from nine per
cent a
year earlier.
Perth residential property prices fell 2.4 per
cent in the September quarter,
as the Real Estate Institute of Western Australia tipped eight suburbs to watch next
year.
As much as 3.9 per cent of B.C.'s population is employed by a startup company, defined as a company under two years of age, and that's nearly double the share in Manitoba, the province with the lowest relative rate of startup activit
As much
as 3.9 per cent of B.C.'s population is employed by a startup company, defined as a company under two years of age, and that's nearly double the share in Manitoba, the province with the lowest relative rate of startup activit
as 3.9 per
cent of B.C.'s population is employed by a startup company, defined
as a company under two years of age, and that's nearly double the share in Manitoba, the province with the lowest relative rate of startup activit
as a company under two
years of age, and that's nearly double the share in Manitoba, the province with the lowest relative rate of startup activity.
At first glance, the planned $ 600 million expansion of Perth's Karrinyup Shopping Centre seems to run counter to the relentless march of internet retailing, especially
as a fresh report predicts that 50 per
cent of all retail sales will be made over the internet in less than 10
years.
In a speech in August, Foreign Affairs Minister Chrystia Freeland said Canada's economy is 2.5 per
cent larger every
year than it would be without NAFTA: «It is
as if Canada has been receiving a $ 20 - billion cheque each
year since NAFTA was ratified.»
A 2 per
cent move today has the same significance
as a 2 per
cent move 50
years ago.
TD says
as of Wednesday it increased its posted rate for five -
year fixed mortgages to 5.59 per
cent from 5.14 per
cent.
Revenue was $ 4.61 billion, up from $ 3.54 billion a
year ago and above analyst estimates,
as oilsands volumes nearly doubled
as a result of Cenovus buying out its 50 per
cent partner, ConocoPhillips, in May of last
year.
The increase came
as Imperial reported it earned $ 516 million or 62
cents per share, up from $ 333 million or 39
cents per share a
year ago.
As more and more bookstores have closed, Amazon is now believed to be the nation's largest bookseller, with an estimated 30 per
cent of a total book market that PricewaterhouseCoopers estimates hit $ 34.9 billion last
year, and 60 per
cent of an e-book market that PwC pegged at $ 7.9 billion.
The March increase was the largest
year - over-
year move since it hit 2.4 per
cent in October 2014, just
as the oil - price slump was getting underway.
'
cents S - corp conversions: Normally when a corporation elects «S corporation» status, it has to pay taxes on any gains it earned while still a C corporation («built - in gains») and realized in its first ten
years as an S corporation.
As a result, I have given out hundreds of loans over the
years, ranging from $ 50 to $ 6,000, for a variety of Ã
cents «emergencies.Ã
cents» I almost always have been repaid.
«We have seen our online sales grow by more than 50 per
cent in the past
year and new services, such
as in - store reserve and pickup, more than doubling,» said Best Buy Canada president Ron Wilson in a release.
The Wall Street Journal says executives are preparing to reduce the company's staff by
as much
as 40 per
cent before the end of the
year, citing people familiar with the matter.
MONTREAL — CGI Group Inc. still expects that the acquisition of U.K. - based Logica will deliver a 25 to 30 per
cent boost to its earnings next
year as the information technology company «aggressively» pursues cost savings.
The company completed a 15 per
cent cut to its workforce in January and February, eliminating between 500 and 700 jobs,
as part of its plan to trim $ 1 billion in cumulative capital, operating and administration costs over two
years.
Equifax Canada said in a new report Monday Canadian consumers now owe $ 1.821 trillion including mortgages
as of the fourth - quarter of 2017, marking a six per
cent increase from a
year earlier.
The total included $ 23.6 million generated during the last three months of last
year,
as a reduction of operating costs at Torstar's print divisions offset a 10 per
cent decline in fourth - quarter revenue.
Last
year, ECU was listed as the first - preference choice for 34 per cent of Year 12, the highest of WA's public universit
year, ECU was listed
as the first - preference choice for 34 per
cent of
Year 12, the highest of WA's public universit
Year 12, the highest of WA's public universities.
«This bid seems to defy logic,» Peel Hunt analyst Paul Morland told the Financial Times, characterizing the 79 % premium HP paid
as «an «amazing» premium for a company whose earnings grew by just 6 per
cent in the first half of the
year.»
The results also showed that Uber cut its fourth - quarter net loss by 25 per
cent from the third quarter
as new CEO Dara Khosrowshahi moves to make the company profitable ahead of a planned initial public stock offering sometime next
year.
For fiscal 2017
as a whole, each of the five biggest Canadian lenders reported record annual profits for a collective total of $ 40.3 billion in net income, up nearly 13 per
cent from a
year earlier.
An oil price crash and an unemployment rate that spiked to nine per
cent last
year did not cause the residential real estate market to crater,
as some feared.
TORONTO — Loblaw Companies Ltd. (TSX: L) plans to unveil about 700 Joe Fresh stores in the U.S. next
year as Canada's largest grocery chain works to ramp up sales of its hip fashion line to help bolster earnings that dropped by 19 per
cent in its most recent quarter.
Canadian Natural production averaged a record 1.02 million barrels of oil equivalent per day in the fourth quarter, a 19 per
cent increase from the
year - earlier period,
as it ramped up the latest expansion of its Horizon oilsands mining and upgrading project.
Antares, which was known
as Amity Oil until November last
year, announced a half
year profit to December 31 of $ 8.2 million, which was 15 per
cent higher than the previous corresponding period.
As for operating system market share, comScore says that Google is first with 50.5 per
cent of the market running some version of Android, up from 44 per
cent a
year ago.
All the «other» operating systems, such
as BlackBerry 10 and Windows Phone, combined to comprise 11.2 per
cent of the market, with BlackBerry representing 8.9 per
cent overall, a decline of 6.1 per
cent from a
year earlier.
Over the
year as a whole, it is expecting five per
cent growth.