All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
Kenneth Doll, fee-only, advice-only financial planner + MORE Jun 11th
Meet Ken Doll
Ken has been providing financial, retirement and estate planning solutions for over 28 years. He has worked with prominent families, professional athletes (NHL players), executives, business owners, professionals, and farmers and ranchers, many with a high net worth ($2 million to o.... More »
How are bonuses taxed in Canada? + MORE Jan 16th
If you’re fortunate enough to get a bonus from your employer this year, or if you’ve recently earned a pay bump, how should you spend it?
Maybe that money is already spoken for. Many Canadians are struggling financially right now, so a bonus or salary increase might simply help cover th.... More »
Before the Bell: What every Canadian investor needs to know today - The Globe and Mail Feb 15th
Before the Bell: What every Canadian investor needs to know today The Globe and MailUtilities Stocks Gain Ground on TSX Today, and I'm Buying This Stock Right Away! The Motley Fool CanadaS&P/TSX composite up more than 200 points in late-morning trading Toronto St.... More »
Stock news: Air Canada leads TSX earnings roundup with guidance pause amid fuel uncertainty May 1st
Here’s a round-up of news for Canadian investors this week.
Air Canada
Canada Packers
Bombardier
Spin Master
Gildan
Featured RRSP Accounts
featured
EQ Bank
Build your ret.... More »
Making sense of the markets this week: May 8 + MORE May 6th
Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.
Canadian dividend darlings chugging along
Canadian dividend investors had something to love and something to be cautiously optimistic about in .... More »
What Sears retirees can do about the reduced DB pension
– moneysense.ca
Like Stelco and Nortel before it, thousands of pensioners of Sears Canada are experiencing firsthand what happens to corporate Defined Benefit pension plans when a business fails.
In October, Ontario’s Superintendent of Financial Services (FSCO) appointed Morneau Shepell to administer Sears Canada’s underfunded pension plan, a first step to winding the plan down in the wave of store liquidations that are now under way.
According to veteran Sears Canada spokesperson Vincent Power, the Sears DB pension is only 81% funded as of June 2017, although changes in interest rates and markets could alter the final figure. If it stands, it means DB plan members would get a 19% benefits haircut, although Ontario residents would have some restitution under the province’s Pension Benefits Guarantee Fund (PBGF), which we looked at in detail a couple of columns back. The PBGF guarantees the first $1,000 a month of pension, a figure slated to rise to $1,500 but which has not yet been legislated. Residents of other provinces do not enjoy this compensation, and roughly half of Sears employees were outside Ontario…
In October, Ontario’s Superintendent of Financial Services (FSCO) appointed Morneau Shepell to administer Sears Canada’s underfunded pension plan, a first step to winding the plan down in the wave of store liquidations that are now under way.
According to veteran Sears Canada spokesperson Vincent Power, the Sears DB pension is only 81% funded as of June 2017, although changes in interest rates and markets could alter the final figure. If it stands, it means DB plan members would get a 19% benefits haircut, although Ontario residents would have some restitution under the province’s Pension Benefits Guarantee Fund (PBGF), which we looked at in detail a couple of columns back. The PBGF guarantees the first $1,000 a month of pension, a figure slated to rise to $1,500 but which has not yet been legislated. Residents of other provinces do not enjoy this compensation, and roughly half of Sears employees were outside Ontario…
Vancouver eyes San Francisco program to protect cherished community businesses
– canadianbusiness.com
VANCOUVER _ It wasn’t until he announced plans to shut down that Jerry Wolfman learned just how much the outdoor store his father started 70 years ago means to Vancouver.
“It’s like we’re having a wake,” Wolfman said. “Tears in people’s eyes, a hug, people recounting stories of first coming in with their grandparents, their parents, themselves and now bringing their children.”
Wolfman puts much of the blame for the pending closure of Three Vets on soaring property taxes, echoing concerns from other businesses that have gone under in the face of surging real estate prices.
What’s been happening has caught the city’s attention as it has begun looking for ways to preserve heritage businesses whose value to the community goes beyond the stock on the shelves.
City planner Tom Wanklin said the municipality is studying how business legacy programs used in other cities might be adapted to fit in Vancouver.
“San Francisco is one example where they have a program that provides support to historic businesses, those that are regarded as being very precious to the local community and long-standing in the neighbourhood,” he said…
“It’s like we’re having a wake,” Wolfman said. “Tears in people’s eyes, a hug, people recounting stories of first coming in with their grandparents, their parents, themselves and now bringing their children.”
Wolfman puts much of the blame for the pending closure of Three Vets on soaring property taxes, echoing concerns from other businesses that have gone under in the face of surging real estate prices.
What’s been happening has caught the city’s attention as it has begun looking for ways to preserve heritage businesses whose value to the community goes beyond the stock on the shelves.
City planner Tom Wanklin said the municipality is studying how business legacy programs used in other cities might be adapted to fit in Vancouver.
“San Francisco is one example where they have a program that provides support to historic businesses, those that are regarded as being very precious to the local community and long-standing in the neighbourhood,” he said…
How Ontario is failing to help stop opioid deaths
– macleans.ca
A woman carries a naloxone kit and a bag from Insite, the safe injection site, while walking in the Downtown Eastside of Vancouver, B.C., on Wednesday July 27, 2016. (Darryl Dyck/CP)On July 29, 2016, Vancouver Coastal Health, the largest regional health authority in British Columbia, announced that free naloxone kits would soon be available at emergency rooms, detox centres and correctional facilities throughout the Vancouver area.
Each kit consists of two vials of naloxone, a pair of devices for opening the vials, two syringes, a pair of gloves and an identifier card for the person carrying the kit. If an overdose occurs, any bystander equipped with a kit can administer naloxone, which blocks the effects of opioids like fentanyl, and perform CPR until paramedics arrive.
“By fall 2016,” said the agency’s press-release, “all 14 urgent care centres and emergency departments in the [Vancouver] region will have naloxone kits in stock for nurses and doctors to give to patients to take with them upon discharge…
These stocks are set to see major moves Friday
– theglobeandmail.com
Canadian earnings season is starting to pick up just as the United States begins to wind down
Cenovus Energy reports $69M third quarter loss, production more than doubles
– canadianbusiness.com
CALGARY _ Cenovus Energy Inc. (TSX:CVE) says it lost $69 million in its latest quarter as it more than doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips earlier this year.
The company says the loss amounted to six cents per share for the quarter ended Sept. 30 compared with a loss of $251 million or 30 cents per share in the same quarter last year.
Revenue totalled $4.39 billion, up from $2.95 billion, as production averaged 590,851 barrels of oil equivalent per day, up from 273,405 a year ago.
Cenovus acquired of most of the Canadian assets of Houston-based ConocoPhillips in May.
The company has since been selling non-core assets and using the proceeds to reduce its debt.
Cenovus announced earlier this week that Alex Pourbaix would become its new president and chief executive starting on Nov. 6. The former TransCanada Corp. executive will replace Brian Ferguson, who is retiring after 33 years with Cenovus and its predecessor companies…
The company says the loss amounted to six cents per share for the quarter ended Sept. 30 compared with a loss of $251 million or 30 cents per share in the same quarter last year.
Revenue totalled $4.39 billion, up from $2.95 billion, as production averaged 590,851 barrels of oil equivalent per day, up from 273,405 a year ago.
Cenovus acquired of most of the Canadian assets of Houston-based ConocoPhillips in May.
The company has since been selling non-core assets and using the proceeds to reduce its debt.
Cenovus announced earlier this week that Alex Pourbaix would become its new president and chief executive starting on Nov. 6. The former TransCanada Corp. executive will replace Brian Ferguson, who is retiring after 33 years with Cenovus and its predecessor companies…
