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Cascading effect of low oil prices sweeps across Corporate Canada

Fallout from the crash in crude prices can be seen far and wide in the flurry of Canadian earnings today – and the damage extends well beyond the oil patch.
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Top Picks from Paul Harris: First Service, BMW, and Bank of America
Paul Harris, partner and portfolio manager at Avenue Investment Management
U.S. oil hits 12-year low on stockpile surge
U.S. crude slid on Thursday, hitting 12-year lows as domestic stockpiles grew.
Top Picks from Kash Pashootan: ResMed, BCE, and Emera
Top Picks from Kash Pashootan, senior vice president and portfolio manager at First Avenue Advisory, Raymond James.
TransCanada raises dividend despite oil slump
TransCanada Corp, Canada's second-largest pipeline company, raised its dividend at a time when most energy companies are scaling back shareholder payouts, as long-term contracts shield the company from weak commodity prices.
Teck Resources falls to $459-million loss, takes writedown
Canadian miner Teck Resources reported a fourth-quarter loss, hurt by lower commodity prices and an asset impairment charge of $536 million.
Telus profit falls 16% as increased competition takes a toll
Telus Corp. reported a 16 per cent fall in quarterly profit, hurt by increased competition and weaker demand for its wireless services.
Manulife issues profit warning as oil's plunge hurts bottom line
Manulife Financial Corp. reported a steep drop in quarterly and annual profits on Thursday as falling energy prices weighed on the company’s investments. If that trend persists, the insurer said it may not be able to meet its growth targets this year.
Cenovus cuts more jobs, slashes payout, spending
Oil producer Cenovus Energy Inc posted a bigger-than-expected quarterly loss and announced a fresh round of cuts to its quarterly dividend, 2016 capital budget and work force, as it tries to shore up finances amid an incessant fall in oil prices.
Sun Life profit rises on growth from Canada, Asia
Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by strength in its Canadian, Asian and asset management businesses.
Kevin O’Leary says a Donald Trump presidency will boost U.S. markets
Waking up to Donald Trump as the next president of the United States is something you should consider a real possibility, at least according to Kevin O’Leary, who believes it can happen.
National Bank Financial says hot foreign money could turn cold
National Bank warns a correction is coming for Canadian real estate.
Cascading effect of low oil prices sweeps across Corporate Canada
Fallout from the crash in crude prices can be seen far and wide in the flurry of Canadian earnings today – and the damage extends well beyond the oil patch.
Trudeau says it may be tough to keep balanced budget promise
The Canadian government could find it hard to balance the budget by 2019/20 as promised if the economy continues to struggle, Prime Minister Justin Trudeau said in an interview published on Thursday.
Calls with Clients: How to get clients to stay calm when the market is plummeting
What can investment advisors do to calm nervous clients — including those who have the impulse to sell?
Husky lays off workers as it looks to further cut costs
Husky Energy Inc. has laid off an undisclosed number of employees to cut costs while oil prices hover near a 12-year low with little prospect for a short-term recovery.
Reduce your debt as fast as you can: O’Leary
A more plentiful diet is just another reason to pay down your debts, according to Kevin O’Leary.
ANALYSIS: British Columbia blasts Alberta, but may regret LNG bet
British Columbia is hoping to avoid the economic fate of Alberta, despite following a similar strategy, writes BNN's Jameson Berkow.
Probe launched into alleged fraud, insider trading by Vancouver realtors
The office charged with overseeing the British Columbia real estate market will investigate allegations of fraud and insider trading by some Metro Vancouver real estate agents.
Pattie Lovett-Reid: Looking to build a lasting relationship? Talk about money
ANALYSIS: I’ve never been accused of being a hopeless romantic and this post will likely just reinforce that opinion.
Pattie Lovett-Reid: Sometimes even savers get burned
ANALYSIS: Don’t confuse business with friendship. I did and I wound up a loser.
Personal Investor: Hidden investment fees to be revealed
ANALYSIS: Some investors could go into shock when new regulations require dealers to disclose fees in dollar amounts. Right now trailer fees, loads, administrative and marketing fees – and any other fees – can be expressed as a much more digestible percentage.
Your Money Month: You're in your 60s. Will you ever retire?
ANALYSIS: Some people never retire. Take 94-year-old Betty White, for example, whose acting career is still going strong.There's no rule about when to retire, but there are blueprints.
Pattie Lovett-Reid: A step-by-step guide to dealing with job loss
ANALYSIS: It is so hard to accept the harsh reality in an economic downturn -- good, competent people lose their jobs through no fault of their own. So what is a person to do?
Your Money Month: When is the right time to retire?
ANALYSIS: You're now in your 50s, and you have the luxury of choice when it comes to financial planning and spending, writes Pattie Lovett-Reid, Chief Financial Commentator, CTV.
Pattie Lovett-Reid: 5 tips for the veteran or rookie investor
ANALYSIS: Wealth is not created overnight. It is usually created over time with effort and knowledge. With all the market volatility. It might be time to get back to basics.
Pattie Lovett-Reid: Paying with your mobile wallet? Don't worry be app-y
ANALYSIS: Canadian consumers are more likely to reach for their smartphones and credit cards over cash, new research from GfK has found. But many people are still wary of using mobile apps to make transactions. Should they be?
Your Money Month: You’re 40. It’s time to think about retirement
ANALYSIS: If you are in your 40s and you haven’t thought about saving for retirement, you need to. Here are some tips to get you thinking.

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