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Latest News
Converting mutual funds: The benefits, the risks and the costs Jan 25th
My wife and I have been educating ourselves on the merits of ETF vs traditional mutual funds after deciding to make a switch from our personal financial advisor. We were late starters in saving and we have another 15- to 20-year investment horizon ahead of us before retirement stares at us.
.... More »
Three things retirees can do now to protect your cash flow and portfolio Mar 21st
Withdraw funds insulated from stock meltdown, review long-term asset allocation and gradually rebalance to support cash flow needs..... More »
RRSP or TFSA? Here’s the simple and definitive answer Jan 14th
Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
Cannabis producer Aphria fights back against short seller — but it's not enough to stop the stock slide + MORE Dec 4th
Shares in Canadian cannabis company Aphria Inc. plunged for the second day in a row as the company fought back against allegations from a short seller that its recent slew of overseas takeovers are worthless and designed only to enrich company insiders..... More »
What is the Saskatchewan Pension Plan? May 12th
The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses.
Who can .... More »
Sprott Inc. to take control of rival gold holder Central Fund of Canada
– canadianbusiness.com
TORONTO _ Sprott Inc. (TSX:SII) says it has struck a deal to take control of rival gold-holding firm Central Fund of Canada Ltd. (TSX:CEF.A) after a protracted takeover effort.
Toronto-based Sprott said Monday it will pay $120 million in cash and stock for Central Fund of Canada Ltd.’s common shares and for the right to administer and manage the fund’s assets.
The deal, which requires approval from Central Fund shareholders, would see its class A shareholders transferred to a new Sprott Physical Gold and Silver Trust.
Sprott says the deal would add $4.3 billion to its assets under management, which are focused largely on holding physical precious metals on behalf of clients, and 90,000 investors to its client base.
In March, Sprott tried to go through the Court of Queen’s Bench of Alberta to allow Central Fund’s class A shareholders to swap their shares to Sprott after the family that controls Central Fund rebuffed their attempt to make a deal.
Last year Sprott took over Central GoldTrust, a similar fund controlled by the same family, after securing support from more than 96 per cent of shareholder votes cast…
Toronto-based Sprott said Monday it will pay $120 million in cash and stock for Central Fund of Canada Ltd.’s common shares and for the right to administer and manage the fund’s assets.
The deal, which requires approval from Central Fund shareholders, would see its class A shareholders transferred to a new Sprott Physical Gold and Silver Trust.
Sprott says the deal would add $4.3 billion to its assets under management, which are focused largely on holding physical precious metals on behalf of clients, and 90,000 investors to its client base.
In March, Sprott tried to go through the Court of Queen’s Bench of Alberta to allow Central Fund’s class A shareholders to swap their shares to Sprott after the family that controls Central Fund rebuffed their attempt to make a deal.
Last year Sprott took over Central GoldTrust, a similar fund controlled by the same family, after securing support from more than 96 per cent of shareholder votes cast…
Clothing retailer Roots Corp. says it is looking to price its initial public offering at between $14 and $16 per share, and says the total size of the offering could be as much as $230 million.
RioCan to sell 100 properties worth about $2 billion over two to three years
– canadianbusiness.com
TORONTO _ Canada’s largest real-estate trust says it’s planning to sell about $2 billion worth of properties _ primarily open-air malls or power centres _ in secondary markets across the country.
RioCan Real Estate Investment Trust (TSX:REI.UN) expects to net about $1.5 billion after expenses from the sale of about 100 properties by late 2018 or 2019, with exact details yet to be revealed.
About half of the net proceeds will be used to repurchase RioCan trust units from the open market.
RioCan also plans to invest $300 million to $400 million per year on property development in the six major markets that already account for about 75 per cent of its annual rental revenue.
RioCan chief executive Edward Sonshine told analysts that its properties in secondary markets generally have less growth potential than its holdings in Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver.
“We have always known that the best assets, from a growth perspective, are located where there’s population growth,” Sonshine said Monday during a conference call with analysts…
RioCan Real Estate Investment Trust (TSX:REI.UN) expects to net about $1.5 billion after expenses from the sale of about 100 properties by late 2018 or 2019, with exact details yet to be revealed.
About half of the net proceeds will be used to repurchase RioCan trust units from the open market.
RioCan also plans to invest $300 million to $400 million per year on property development in the six major markets that already account for about 75 per cent of its annual rental revenue.
RioCan chief executive Edward Sonshine told analysts that its properties in secondary markets generally have less growth potential than its holdings in Toronto, Montreal, Ottawa, Calgary, Edmonton and Vancouver.
“We have always known that the best assets, from a growth perspective, are located where there’s population growth,” Sonshine said Monday during a conference call with analysts…
Stocks to help you achieve your financial goals
– moneysense.ca
What are we looking for:A concentrated low volatility portfolio for Canadian Markets.
The screen
For most retail investors and stock jockeys, the idea of finding “the next best stock” is often front of mind. However, disciplined and seasoned investors know that the portfolio that will ultimately help you reach your financial goals is not achieved by hitting one or two home runs, but rather getting onto first base consistently over time. With this in mind, I used Morningstar CPMS to create a low volatility portfolio by ranking stocks within the largest 200 companies in Canada by market float (excluding unit trusts) based on 3 factors:
Yield on expected dividends (this is the yield calculated by taking the most recently announced, but not yet paid, distribution and dividing it by the most recent stock price)
5 year historic beta. Recall that Beta is a sensitivity measure. In falling markets, a stock with a beta lower than 1 well have fallen less than the index, while in rising markets a stock with Beta lower than one will rise less than the index…
Canada’s largest real-estate investment trust says it’s planning to sell about $2 billion worth of properties in smaller cities over the next two years but invest more in six larger cities.
