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Vancouver cannabis company wins lottery for POT stock symbol, stock rises 137% Feb 1st
The chief executive of cannabis company Weekend Unlimited Inc. says winning the POT stock ticker lottery was a 'wonderful surprise' for the small company which is hoping the catchy symbol will help it stand out in the sector..... More »
Why Vanguard’s ETF aimed at retirees is currently cautious in its asset allocation Feb 27th
As a semi-retired investor who recently started a registered retirement income fund (RRIF), I regard exchange-traded funds (ETFs) from Vanguard Group as a major part of my core portfolio, along with low-volatility ETFs from BMO ETFs, and income-oriented ETFs from various other vendors.
After the .... More »
Wealthsimple review 2025 Jun 12th
Since launching in 2014, Wealthsimple has developed a strong reputation for offering online, easy-to-use, low-fee financial services. It’s come a long way since its humble beginnings exclusively as a robo-advisor (now known as Invest). It now offers:
Managed investing: This includes their rob.... More »
A surprising place to find free financial advice + MORE Jan 19th
Looking for someone to help you learn to manage your money better? Then check out some of the local churches across Canada. Right now, Christians Against Poverty (CAP) Canada is offering three financial services: debt counselling, a free money course and a job counselling program for those interest.... More »
Regulators issue warning on binary options scams + MORE Mar 3rd
Canadian regulators are raising the alarm with an awareness campaign about investor fraud involving so-called “binary option” scams.
Options are a popular but sophisticated product that can be used by experienced investors as part of an investment strategy, often providing offsetting positions t.... More »
Energy companies lead US stocks higher as oil prices rise
– canadianbusiness.com
NEW YORK, N.Y. – U.S. stocks are rising as energy companies climb with the price of oil. Investors are hoping that OPEC countries will soon be able to finalize a deal that would cut oil production and help support prices. Meat producer Tyson Foods is tumbling after it reported weak fourth-quarter results. Major stock indexes are on track to set new records.
KEEPING SCORE: The Dow Jones industrial average gained 52 points, or 0.3 per cent, to 18,919 as of 10 a.m. Eastern time. The Standard & Poor’s 500 index rose 11 points, or 0.5 per cent, to 2,192. The Nasdaq composite gained 39 points, or 0.7 per cent, to 5,360. Small-company stocks, which are at record highs already, also continued to climb.
ENERGY: Benchmark New York crude gained $1.11, or 2.4 per cent, to $46.80 a barrel while Brent crude, the international standard, rose $1.31, or 2.8 per cent, to $48.17 a barrel in London. That led to gains for energy companies. Marathon Oil added 84 cents, or 5.4 per cent, to $16…
KEEPING SCORE: The Dow Jones industrial average gained 52 points, or 0.3 per cent, to 18,919 as of 10 a.m. Eastern time. The Standard & Poor’s 500 index rose 11 points, or 0.5 per cent, to 2,192. The Nasdaq composite gained 39 points, or 0.7 per cent, to 5,360. Small-company stocks, which are at record highs already, also continued to climb.
ENERGY: Benchmark New York crude gained $1.11, or 2.4 per cent, to $46.80 a barrel while Brent crude, the international standard, rose $1.31, or 2.8 per cent, to $48.17 a barrel in London. That led to gains for energy companies. Marathon Oil added 84 cents, or 5.4 per cent, to $16…
Puerto Rico governor defies new federal control board
– canadianbusiness.com
SAN JUAN, Puerto Rico – Puerto Rico’s governor is already challenging a federal control board just created to oversee the finances of the U.S. territory and help pull it out of an economic crisis.
Alejandro Garcia Padilla announced Monday that he will not submit an amended fiscal plan — the board’s first request of the government. He said he believes new austerity measures will only worsen the crisis. Garcia insisted that the board restructure nearly $70 billion in public debt that he has said is unpayable.
Board members who met in Puerto Rico for the first time last week said the plan needs to be amended in part because it is not realistic and assumes federal financial help when there’ll likely be none.
A board spokesman did not immediately return a message seeking comment.
The post Puerto Rico governor defies new federal control board appeared first on Canadian Business – Your Source For Business News.
Alejandro Garcia Padilla announced Monday that he will not submit an amended fiscal plan — the board’s first request of the government. He said he believes new austerity measures will only worsen the crisis. Garcia insisted that the board restructure nearly $70 billion in public debt that he has said is unpayable.
Board members who met in Puerto Rico for the first time last week said the plan needs to be amended in part because it is not realistic and assumes federal financial help when there’ll likely be none.
A board spokesman did not immediately return a message seeking comment.
The post Puerto Rico governor defies new federal control board appeared first on Canadian Business – Your Source For Business News.
DH Corp. slashing dividend, allocating cash to share buybacks, debt reduction
– canadianbusiness.com
TORONTO – DH Corp. is slashing its quarterly dividend by 63 per cent starting in January while it undergoes a strategic transformation into a financial technology company.
The Toronto-based company (TSX:DH) says the dividend reduction will free up $85.5 million in cash for other purposes next year.
It expects to allocate 45 to 50 per cent of the money to stock repurchases, 40 to 45 per cent on debt reduction and the rest on growth initiatives.
DH — previously called Davis + Henderson — was at one time primarily a supplier of paper cheques, but has diversified into technology for the financial services industry.
The company said in October that its third quarter showed an accelerated decline in Canadian cheque volumes, as well as delayed technology purchase decisions by large banks outside the United States.
The post DH Corp. slashing dividend, allocating cash to share buybacks, debt reduction appeared first on Canadian Business – Your Source For Business News.
The Toronto-based company (TSX:DH) says the dividend reduction will free up $85.5 million in cash for other purposes next year.
It expects to allocate 45 to 50 per cent of the money to stock repurchases, 40 to 45 per cent on debt reduction and the rest on growth initiatives.
DH — previously called Davis + Henderson — was at one time primarily a supplier of paper cheques, but has diversified into technology for the financial services industry.
The company said in October that its third quarter showed an accelerated decline in Canadian cheque volumes, as well as delayed technology purchase decisions by large banks outside the United States.
The post DH Corp. slashing dividend, allocating cash to share buybacks, debt reduction appeared first on Canadian Business – Your Source For Business News.
Markets Right Now: Stocks climb as oil prices rise
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in financial markets (All times local):
9:35 a.m.
U.S. stocks are rising in early trading as the price of oil jumps and energy companies move higher, keeping indexes at record highs.
The price of oil jumped nearly 3 per cent early Monday as traders hoped OPEC would finalize a deal to curb production.
Marathon Oil gained 4 per cent and Hess rose 3 per cent.
Meat producer Tyson Foods tumbled dropped 15 per cent after it disclosed disappointing third-quarter results and said its CEO is stepping down.
LifeLock climbed 15 per cent after Symantec agreed to buy the identity theft and fraud protection company.
The Dow Jones industrial average rose 55 points, or 0.3 per cent, to 18,921. The Standard & Poor’s 500 index gained 9 points, or 0.4 per cent, to 2,191. The Nasdaq composite added 28 points, or 0.5 per cent, to 5,350.
The post Markets Right Now: Stocks climb as oil prices rise appeared first on Canadian Business – Your Source For Business News.
9:35 a.m.
U.S. stocks are rising in early trading as the price of oil jumps and energy companies move higher, keeping indexes at record highs.
The price of oil jumped nearly 3 per cent early Monday as traders hoped OPEC would finalize a deal to curb production.
Marathon Oil gained 4 per cent and Hess rose 3 per cent.
Meat producer Tyson Foods tumbled dropped 15 per cent after it disclosed disappointing third-quarter results and said its CEO is stepping down.
LifeLock climbed 15 per cent after Symantec agreed to buy the identity theft and fraud protection company.
The Dow Jones industrial average rose 55 points, or 0.3 per cent, to 18,921. The Standard & Poor’s 500 index gained 9 points, or 0.4 per cent, to 2,191. The Nasdaq composite added 28 points, or 0.5 per cent, to 5,350.
The post Markets Right Now: Stocks climb as oil prices rise appeared first on Canadian Business – Your Source For Business News.
Top U.S. Dividend ETFs for your portfolio – 2016
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
Diversification remains the only free lunch with investing – Modern Portfolio Theory. This theory recognizes we humans are generally risk-averse and ready to run from any bear in the woods instead of running towards it. According to this theory, one that is generally embraced by most financial academics and personal finance gurus, we can enhance portfolio returns while suppressing volatility through diversification. Diversification then, via different assets classes (bonds, stocks), via different economic sectors (banking, consumer goods), via different countries other than your own (U.S., England, Brazil) is therefore a very good thing.
Recently, I shared my top Canadian dividend Exchange Traded Funds (ETFs) to consider for your portfolio. These ETFs are ones that I feel, will provide a steady income stream for you while providing some essential diversification within the Canadian equity market.
Today’s post will look at some of my favourite U…
Diversification remains the only free lunch with investing – Modern Portfolio Theory. This theory recognizes we humans are generally risk-averse and ready to run from any bear in the woods instead of running towards it. According to this theory, one that is generally embraced by most financial academics and personal finance gurus, we can enhance portfolio returns while suppressing volatility through diversification. Diversification then, via different assets classes (bonds, stocks), via different economic sectors (banking, consumer goods), via different countries other than your own (U.S., England, Brazil) is therefore a very good thing.
Recently, I shared my top Canadian dividend Exchange Traded Funds (ETFs) to consider for your portfolio. These ETFs are ones that I feel, will provide a steady income stream for you while providing some essential diversification within the Canadian equity market.
Today’s post will look at some of my favourite U…
