•   
  •   
  •   

Money Are hard economic times approaching? Here is one solid Canadian tech company to consider

22:27  12 july  2018
22:27  12 july  2018 Source:   fool.com

U.S. steel tariffs cause layoffs in Ontario

  U.S. steel tariffs cause layoffs in Ontario A manufacturing company is laying off workers in Ontario in response to American tariffs on Canadian steel and aluminum. A spokesman for Tenaris, which manufactures steel pipes, says 40 workers at the company's mill in Sault Ste. Marie, Ont., will be laid off on Sunday due to changes in the export market.David McHattie says the employees were hired at the northern Ontario mill to help with increased demand for the company's products, including steel pipes.

Are Hard Economic Times Approaching ? Here Is 1 Solid Canadian Tech Company to Consider . Kinaxis Inc. (TSX:KXS) is a growing cloud-based supply chain solutions company with international exposure that would be worth adding to your portfolio on market weakness.

News Canada » Alberta » Commerce: Hiku Celebrates AGLC Purchase of Tokyo Smoke and Van der Pop Branded Cannabis in Province of Alberta. News Canada » Alberta » Commerce: Are hard economic times approaching ? Here is one solid Canadian tech company to consider .

a close up of a logo© Provided by Fool

With trade wars heating up, it is time for Canadians to begin looking for companies to buy if things begin to go south and stocks get cheaper. There are a number of wonderful companies in Canada that have solid balance sheets and that operate in high-growth industries. Some of these companies are really expensive at the moment, but if a pullback does happen, it’s worth being prepared to pull the trigger on a long-term investment.

Kinaxis Inc. (TSX:KXS) is one Canadian growth company that might be worth adding if the market pulls back. The company is involved in cloud-based supply chain operations and sales optimization. It provides services to customers in numerous industries, such as aerospace, life sciences, and automotive companies. And while 85% of its revenues are currently generated from North America, Kinaxis is expanding its operations internationally, especially in Asia.

Vivo’s new sensor tech could be the future of face unlock

  Vivo’s new sensor tech could be the future of face unlock Last week Vivo announced its latest innovation in the field of cramming innovative components into phone-sized devices: a time-of-flight 3D scanner with 300,000 sensor points. I had a chance to test the tech out when I dropped in on MWC Shanghai this week, and it’s clear that while things are still very early, we are rapidly approaching the point where your phone is just straight-up going to be able to capture a 3D representation of your head.The demo Vivo set up starts with a face-registering UI very similar to what you’d see with Face ID — place your head in a circle, turn it left then right, and you’re set.

Are Hard Economic Times Approaching ? Here Is 1 Solid Canadian Tech Company to Consider . Kinaxis Inc. (TSX:KXS) is a growing cloud-based supply chain solutions company with international exposure that would be worth adding to your portfolio on market weakness.

For the company that markets itself properly on an international level, this can lead to a huge boost in revenue. Many times a country to which you would like to sell a product has extreme regional differences that must be accounted for Let's find the one for you Start here ! Already a member?

The company focuses on providing management solutions for companies with complex, often international supply chains. It has numerous blue-chip clients, such as Honeywell International Inc., Advanced Micro Devices Inc., and Cisco Systems Inc. The subscription model Kinaxis employs produces significant recurring revenue, and the company also has an active sales force driving 65% of subscription growth from new business.

Kinaxis is not a cheap stock, but its solid operational performance warrants a closer look. Kinaxis has grown its revenues at a compound annual growth rate of 25%. Profit was up 41% for the year, and basic earnings per share were up 38%, indicating strong financial growth. Another attractive aspect of the company is its balance sheet. It has virtually no debt and more cash than the entirety of its liabilities.

Amazon to open fulfillment centre in Ottawa

  Amazon to open fulfillment centre in Ottawa Amazon to open fulfillment centre in OttawaThe e-commerce giant plans to open the new warehouse in the capital city's eastern suburb of Orleans.

Building businesses that use A. I . is an economic imperative for Canada . The Canadian tech industry has stalled in recent years. Software engineers are asked to make multiyear commitments to the company during the hiring process.CreditAaron Vincent Elkaim for The New York Times .

Economic growth has lagged behind that of the United States, and Canadian financial markets have posted only about half the growth of their American counterparts “ That is one thing which is really differentiating us from other countries,” Ms. Delaney said. “If you want to encourage growth, fiscal

Unfortunately, Kinaxis lacks a dividend, which may cause some investors who crave income from their stocks to avoid investing in the company. While I generally like owning dividend-paying stocks, the lack of a dividend alone is not a reason to dismiss a stock entirely. Companies that do not possess dividends can employ the capital to grow the business through organic or acquisitive initiatives. So far, Kinaxis has been an effective allocator of its cash.

Probably the biggest risk to the company is that Kinaxis has customers that account for large portions of its revenues. It has 42% of its total revenue coming from 10 companies, with one customer accounting for a full 10% of its business. The long-term nature of its subscriptions, with each agreement being paid annually in advance and with a duration of two to five years, provides a degree of stability and visibility to mitigate uncertainty should a large customer decide to no longer use its service.

Bank of Canada expected to raise rate

  Bank of Canada expected to raise rate The Bank of Canada is widely expected to raise its trend-setting interest rate today for the first time in six months. Thanks to stronger economic data, experts are predicting governor Stephen Poloz to hike the rate from its current level of 1.25 per cent.Poloz has followed a cautious, data-dependent approach in recent months and he hasn't touched the rate since raising it in January, a move that came after two earlier increases in the second half of 2017.The central bank's rate decision arrives as Canada faces significant trade-related uncertainties, including stalled NAFTA talks, U.S.

I came to Canada first time exactly 10 years ago for a month and I immediately fell in love right after stepping my foot out of the airport. I am just a IT technician guy, I am not graduated nor I have 000 to go to a college in Canada . I wouldn't mind doing labor jobs such as waiter or gardening, etc.

He added that skilled foreign workers crave the greater stability that he said immigrants have in Canada compared with the United States. In contrast, Canada ’s immigration agency in June started the Global Skills Strategy for high-skilled workers from abroad to get a work permit in two weeks.

If you are worried about economic uncertainty, Kinaxis would be a good stock to keep in mind as a stock to buy if it were to pull back with the market. With its high-growth software and cloud-based business, it could be more resistant to the negative impact of tariffs. While it does not have a dividend, the company’s solid balance sheet makes it both more attractive as an investment and more resilient if hard times begin to hit the Canadian or the world economy.

Canada’s answer to Amazon.com

You’ve probably never even heard of this up-and-coming e-commerce powerhouse headquartered in Eastern Ontario…

But, despite coming public just last year, it’s already helping the likes of Budweiser… Tesla… Subway… and Red Bull move $9.9 BILLION (and counting) worth of goods online each year.

And now it’s caught the eye of the legendary investor who got behind Amazon.com in 1997 — just before it shot up over 23,000% and made investors like you and me rich beyond their wildest dreams.

Click here to discover why this investor says it’s time to buy.

Fool contributor Kris Knutson owns shares of Cisco Systems. Kinaxis is a recommendation of Stock Advisor Canada.

Zuckerberg loses $16 billion in record Facebook fall .
Zuckerberg loses $16 billion in record Facebook fallAt least 16 brokerages cut their price targets on Facebook after managers said the cost of improving privacy safeguards, as well as slowing usage in the biggest advertising markets, would hit the company's profit margins for more than two years.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!