Good morning!Netflix is taking a beating this morning after reporting that it lost customers in the United States for the first time in eight years. Shares sank 12% in after-hours trading last night and were down almost that much in pre-market trade this morning. Netflix said it added 2.8 million subscribers overseas, while analysts had been expecting 4.8 million.
Canadian Boomers are falling short on their retirement goals, a new poll reveals. The latest RBC Retirement Myths & Realities poll found that Canadians over 50 with investable assets of more than $100,000 want to save on average $949,000, but are falling over $275,000 short. Canadians with investable assets less than $100,000 want to save $574,000, but are more than $500,000 short of their goal.
The Canadian dollar is leading world currencies with a 4.5% gain this year, but analysts at some of Canada’s top banks see headwinds ahead. The loonie’s rally could fade if the recent run of strong economic data peters out and trade barriers mount, strategists told Bloomberg. One analyst expects the Canadian dollar to fall back to around 75.75 US cents, compared with 76.65 where it is now.