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Facebook's rise in profits, users shows resilience after scandals - CBC.ca Apr 25th
CBC.caFacebook's rise in profits, users shows resilience after scandalsCBC.caFacebook Inc. shares rose on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.... More »
SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision - Reuters May 21st
SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision ReutersSpaceX files for stock market debut that could make Elon Musk a trillionaire BBCSpaceX, OpenAI valuations would mean they leapfrog Berkshire Hathaway on first day of trading CNBCSpaceX is cap.... More »
Who inherits a selfie? States seek to fill privacy law gaps + MORE Oct 2nd
SPRINGFIELD, Ill. – States are passing laws dealing with how to release information from online accounts to relatives when people die.
Google, Facebook and other companies have said a federal privacy law approved decades before digital storage became common prevents them from releasing electro.... More »
Should you join your money with your honey? Jun 3rd
Joint accounts can help you plan your financial future..... More »
White House attacks on Fed chair fuel fears of market turmoil in 2019 - The Guardian Dec 23rd
White House attacks on Fed chair fuel fears of market turmoil in 2019 The GuardianAs stock markets plunge, Trump considers firing Federal Reserve chairman Global NewsTrump has discussed firing Fed Chairman Powell: sources Reuters CanadaFed Chairman Powell deserves ou.... More »
Tax treatment of Canadian dividend paying stocks
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I got this email in my inbox recently:
You write about Dividend Reinvestment Plans (DRIPs) often. I wonder if you would discuss the beneficial tax treatment of dividends and DRIPs. I’m not sure everyone understands the tax issues or implications.
Thanks for your comments and questions. Let’s get to my answers.
Regarding my dividend investing strategy
You might already know by now, I’m a hybrid investor. I own many Canadian dividend paying stocks for cash flow/income and I own a few ETFs for long-term growth. Most of the index investing I do is inside my RRSP account with U.S.-listed ETFs.
Back to the stocks…my portfolio consists of close to 40 Canadian companies. I figure that’s enough. Just like the holdings of many popular Canadian ETFs, I own a mixture of the following (and likely will for the foreseeable future for passive income):
I got this email in my inbox recently:
You write about Dividend Reinvestment Plans (DRIPs) often. I wonder if you would discuss the beneficial tax treatment of dividends and DRIPs. I’m not sure everyone understands the tax issues or implications.
Thanks for your comments and questions. Let’s get to my answers.
Regarding my dividend investing strategy
You might already know by now, I’m a hybrid investor. I own many Canadian dividend paying stocks for cash flow/income and I own a few ETFs for long-term growth. Most of the index investing I do is inside my RRSP account with U.S.-listed ETFs.
Back to the stocks…my portfolio consists of close to 40 Canadian companies. I figure that’s enough. Just like the holdings of many popular Canadian ETFs, I own a mixture of the following (and likely will for the foreseeable future for passive income):
5-7 Canadian banks
3 life insurance companies
A few pipeline companies
3-4 telecommunications companies
4-5 utility companies
1-2 industrial companies
3-5 energy companies
6-10 Real Estate Investment Trusts (REITs)…
Japan revised data show GDP grew 0.7 pct in April-June
– canadianbusiness.com
TOKYO – Japan’s economy expanded at a better-than-estimated 0.7 per cent annualized pace in April-June, according to revised data showing private demand was stronger than earlier reported.
An earlier estimate released last month put annualized growth in the April-June quarter at 0.2 per cent. The economy grew at a 2.1 per cent annualized pace in January-March.
The latest data showed business investment fell by a smaller margin than reported in August, while consumer spending was higher. But both remain much slower than hoped for given the government’s targets for growth.
Prime Minister Shinzo Abe has proposed an extra set of stimulus measures to help prop up the economic recovery and spur more consumer and corporate spending, which are seen as crucial for sustaining growth.
The Bank of Japan is also reviewing its own lavish monetary stimulus policies and is expected to step up its efforts to combat deflation, possibly later this month.
Japan’s benchmark Nikkei 225 index fell 0…
An earlier estimate released last month put annualized growth in the April-June quarter at 0.2 per cent. The economy grew at a 2.1 per cent annualized pace in January-March.
The latest data showed business investment fell by a smaller margin than reported in August, while consumer spending was higher. But both remain much slower than hoped for given the government’s targets for growth.
Prime Minister Shinzo Abe has proposed an extra set of stimulus measures to help prop up the economic recovery and spur more consumer and corporate spending, which are seen as crucial for sustaining growth.
The Bank of Japan is also reviewing its own lavish monetary stimulus policies and is expected to step up its efforts to combat deflation, possibly later this month.
Japan’s benchmark Nikkei 225 index fell 0…
European Central Bank weighs stimulus as inflation lags
– canadianbusiness.com
FRANKFURT – The European Central Bank is weighing whether to increase its efforts to boost stubbornly low inflation in the 19-country eurozone at Thursday’s meeting of its governing council.
The 25-member council led by President Mario Draghi could decide to extend its current bond-buying stimulus program, which is pumping newly printed money into the financial system.
Some analysts, however, think the bank is more likely to postpone action to its October or December meetings, or not act at all.
Draghi and the ECB are faced with inflation of only 0.2 per cent annually, far below the bank’s target of just under 2 per cent. Chronically low inflation suggests the economy is not hitting on all cylinders, even though the currency union is enjoying a moderate economic upswing. Low inflation also makes it harder for heavily indebted eurozone states such as Greece to become more price competitive relative to other economies.
New inflation projections compiled by ECB staff may give some hint about the bank’s future actions…
The 25-member council led by President Mario Draghi could decide to extend its current bond-buying stimulus program, which is pumping newly printed money into the financial system.
Some analysts, however, think the bank is more likely to postpone action to its October or December meetings, or not act at all.
Draghi and the ECB are faced with inflation of only 0.2 per cent annually, far below the bank’s target of just under 2 per cent. Chronically low inflation suggests the economy is not hitting on all cylinders, even though the currency union is enjoying a moderate economic upswing. Low inflation also makes it harder for heavily indebted eurozone states such as Greece to become more price competitive relative to other economies.
New inflation projections compiled by ECB staff may give some hint about the bank’s future actions…
Oil extends gains after big U.S. crude stock draw
– theglobeandmail.com
U.S. industry data showed a large drawdown in crude stocks, reflecting the temporary impact of an Atlantic storm
