![]() ![]() Efficiency ratio: the efficiency ratio tells you how much revenue a bank uses towards its operating costs. The higher the ROA, the more profit a bank makes from its assets. Return on assets (ROA): the ROA tells you the overall profit a bank makes in relation to its assets. ![]() The higher this metric, the more efficient a bank is using its stakeholder’s money. Return on equity (ROE): this metric tells you how much profit a bank makes from its shareholder’s equity. To do that, you can use the following metrics. Look at the bank’s profitability First, you want to be sure the bank is even profitable. Over time bank stocks have been relatively safe investments, as they offer products and services that most people need. Bank Stocks What are bank stocks? Bank stocks represent partial ownership in a financial institution that’s licensed to hold and loan money.Stocks for Beginners If you’re looking for stocks for beginners, you’ve come to the right place! Our staff of experts help find some of the best beginner stocks for Canadians.Halifax Transit announced its services are operating as usual on Sunday. Northumberland Ferries cancelled its Sunday crossings between Nova Scotia and P.E.I., while Marine Atlantic reported Sunday that regular sailings have resumed. Some flights have resumed in and out of the Halifax Stanfield International Airport, though many are still cancelled, and departing and arriving flights at the JA Douglas McCurdy Sydney Airport are slated to proceed as scheduled Sunday. The utility added a command centre in Sydney to co-ordinate plans and resources for restoring services in Cape Breton. So just the time it takes for us to go along and replace each one of those poles once we get there is just time consuming and lots of work." "We've got hundreds of poles that are broken, snapped right off. Nova Scotia Power was well-prepared for Fiona, Gregg said, adding that the company staged crews and equipment across the province before the storm hit, and was able to stock up on supplies such as poles, transformers and lines. The utility already had 900 crews working on restoring electricity by Sunday morning, and "several hundred" more coming from New Brunswick, Quebec and Maine, he said. Accessibility was also an issue, as downed trees and road washouts prevented crews from getting to repair sites. Gregg said one challenge is that the winds were still high in some areas on Saturday, so crews were not able to assess damage and safely do repairs. Several power poles snapped and fell into a road in Glace Bay, N.S., during post-tropical storm Fiona. ![]() "We've been there before and we'll have to make sure we figure it out so we're not there again in the future," Houston said. He said communications issues - cellphone and internet service have been intermittent or inaccessible in the aftermath of the storm - made things difficult for people and slowed down restoration efforts, and the province will examine that issue after things settle down. Houston said the province's top priorities are ensuring people have safe shelter and restoring power to those without electricity. "Fiona definitely left a mark on the province. The damage is pretty heartbreaking." "The predictions were for a massive storm, historic storm. We certainly have seen that," Houston said. Premier Tim Houston and the ministers of EMO, finance, public works and mental health surveyed some of the hardest-hit areas of Cape Breton on Sunday by helicopter. The Canadian Armed Forces has been called in to help remove debris, and Prime Minister Justin Trudeau said Saturday that Ottawa has approved Nova Scotia's request for disaster assistance funding, which will assist municipalities repair infrastructure and help people pay for losses. The highest rainfall totals were in Osborne Head near Eastern Passage, where 192 millimetres fell.Īn uprooted tree fell directly on a house in Sydney, N.S. The highest winds in Nova Scotia were reported in Arisaig, north of Antigonish, where they reached gusts of 171 km/h, according to preliminary information. To preserve your device data, read the latest Hurricane Fiona details here.That number dropped to around 215,000 by 6 p.m.įiona made landfall as a hurricane-strength post-tropical storm near Whitehead, N.S., near Canso, in the early hours Saturday, according to Environment Canada. The storm raged through the province on Saturday, downing trees and power lines, flooding homes, washing out roads and leaving more than 250,000 Nova Scotia Power customers without electricity on Sunday morning. Some are also now scrambling for child care on Monday, after classes were cancelled at many public schools throughout the province due to power outages and road conditions. Many Nova Scotians are spending part of Sunday in temporary shelters, making insurance calls, revving up chainsaws and wielding rakes as they clean up after post-tropical storm Fiona. ![]()
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