Archive for May, 2005

This and That

May 25, 2005

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  1. Bank of Canada kept interest rates at 2.5% as expected and seemed to suggest that it is no hurry to raise rates.
  2. BMO earned $1.04 per share (vs. expectations of $1.09) and CIBC earned $1.20 well shy of analyst expectations of $1.44. CIBC closed 2.25% lower today.
  3. JLP at AllThingsFinancial alerts that many iShares ETFs are splitting. I’ll have to update the Sleepy Portfolio holdings.
  4. I checked out the new My Google portal. Unlike other innovative Google offerings like Blogger, Picasa, Maps and Gmail, the portal seems to be a me-too service. I use My Yahoo! all the time and I see little reason to switch.

Bank Earnings

May 24, 2005

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The big five Canadian Banks kick off their earnings season on Wednesday with BMO and CIBC reporting. Here’s what to expect:

BMO $1.09 ($1.12 in year-ago quarter)
CIBC $1.44 ($1.34 in year-ago quarter)
TD Bank $1.00 ($0.90 in year-ago quarter)
RBC $1.38 ($1.17 in year-ago quarter)
Scotia Bank $0.75 ($0.68 in year-ago quarter)

The Bank of Canada is also widely expected to keep interest rates at 2.5% on Wednesday, though some economists see inflation pressures building due to massive new federal spending.

(Full Disclosure: I own shares in TD Bank)

Are You Fairly Compensated?

May 23, 2005

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When I was recently offered a new job, I had to find out if I was being offered a competitive compensation package. I was already gainfully employed and was in no pressure to accept the job offer. I couldn’t just ask my friends and co-workers about their salary, so I turned to the web for research.

Job site workopolis.com features a salary wizard that allows users to select a suitable job description and their geographic location and it spits out 25th percentile, median and 75th percentile information for base salary and total compensation. The information is extremely useful to evaluate a job offer or negotiate a raise.

Another website, PayScale.com allows the user to provide a lot of information (like school attended, years of experience, job skills etc) and grades the compensation. I am a little bit sceptical of the results because the matching profiles were very quite different from mine. They also offer a “premium report” for $14.95, but I didn’t order one for the above-mentioned reason. The free report is worth checking out anyway.