- Apple reported a 1st quarter profit of over $13 billion dollars. They sold 28% more iPhones and 48% more iPads and yet the stock is at it lowest point in almost two years after dropping 12% yesterday.
- Netflix stock was up more than 40% yesterday after 4th quarter earnings came in much higher than expected as did subscriber growth.
- RIM stock is up almost 200% in the last 6 months and rose another 2% yesterday after comments by a Lenovo Group Ltd. executive that the Chinese computer company was looking at possible acquisitions, including RIM.
- The Canadian dollar is almost a full cent below parity with the U.S. after Canadian inflation came in at 0.8% in December which was lower than expected and indicates that the Bank of Canada will be in no rush to hike interest rates.
- Vancouver was ranked the second least affordable among 337 metropolitan markets, according to a housing affordability survey from Demographia released this week. Hong Kong is the most unaffordable.
- RBC reports it takes 52% of a family’s pre-tax income, plus a 25% downpayment, to afford a house in the Greater Toronto Area. That’s about 70% of take-home money. In Vancouver, it’s 90%.
