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Latest News
Hurry! New Amex offer for Amazon Prime - Spend at least $79 and Earn a $20 credit. + MORE Sep 22nd
Another excellent Amex Offers offers was revealed this morning for Amazon Prime Memberships. When you spend $79 or more on the membership you'll get a $20 statement credit. In our household we received it on The Platinum Card. I say hurry in the post title as this offer is limited to the first 5,000.... More »
5 rules to pay less tax + MORE Oct 8th
Do you plan to be wealthy? Then it’s time to go to tax school. As your kids head back to the classroom to learn to read and write, you can learn basic taxation principles that will help you build wealth faster.
There’s a reason why those who have more, care more about taxes. They know that what.... More »
May 23 Update: Save up to 15% on Air Canada flights with the latest Amex offer and more changes coming to the Cobalt Card. + MORE May 23rd
Check your emails for a new Air Canada discount from American Express! I received mine via the Platinum Card and it offers an exclusive discount code for up to 15% off any Air Canada flights:• 15% off Standard, Flex, Comfort, Latitude, Premium Economy and Premium Rouge• 10% off Air Canada .... More »
Is choosing bonus categories the next big trend in credit cards? + MORE Jan 21st
Is the updated Bank of America Cash Rewards card starting the newest credit card trend?.... More »
CIBC Aerogold Visa Infinite Sign Up Bonus increased to 20,000 Aeroplan Miles + First Year Free + MORE Jan 4th
This came as a bit of a surprise, but CIBC has upped the sign up bonus on their CIBC Aerogold Visa Infinite Card to 20,000 Aeroplan Miles (15,000 upon approval and 5,000 more when you spend $500 in the first three months) and are waiving the first year annual fee.Why is it a surprise? Well this esse.... More »
A surprise top performer on the TSX
– canadianbusiness.com
(Photo: Natalie Castellino)These are strange days indeed, when a financial company, not a mining or tech stock, posts the best returns on the S&P/TSX composite index. But then Element Financial, which is up nearly 120% over the past 12 months, is not your typical financial sector stock. As John Aiken, a Barclays Capital analyst, puts it, “This is not the company you put grandmother into.”
It’s growth-seeking investors who will want a piece of this business. Earnings are growing around 20% a year, and Steve Hudson, Element’s CEO and founder, is a star executive who sold another lender, Newcourt Credit Group, for more than $2 billion in 1999. The Toronto-based company leases industrial equipment, such as tractors, private jets and construction machinery. One reason it’s done so well since it listed in December 2011 is that it has barely any competition.
There used to be more leasing companies, says Aiken, but big ones like GE exited the sector during the recession, and smaller players went out of business…
