How to go about securing the best return for your investment in Canada.
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Is AI coming for my job? + MORE May 8th
Nearly two years after ChatGPT asked “Hello! How can I assist you today?”, a majority of Canadians worry the latest wave of artificial intelligence (AI) will replace jobs done by human workers. In a February survey by Leger, 75% of respondents held this view. The overwhelming consensus is that A.... More »
Royal Bank profit climbs 4% to $2.5B + MORE Aug 26th
Royal Bank of Canada will be raising its dividend to shareholders following a four per cent rise in third-quarter profit to $2.475 billion..... More »
Canopy earnings disappoint as posted loss is nearly four times expectations - The Globe and Mail Jun 21st
Canopy earnings disappoint as posted loss is nearly four times expectations The Globe and MailCanopy Growth shares slump as cannabis company earnings reveal quarterly loss CBC.caCanopy Growth's fourth-quarter loss widens as expenses surge - Article - BNN BNNBloomberg.... More »
You can be a renter and still grow richer. Here’s how Apr 12th
The price of buying a home is daunting these days, but there are plenty of other ways for renters to build wealth, writes Lesley-Anne Scorgie..... More »
Why retirement planners are getting defensive + MORE Sep 30th
While working people may envy those at or near retirement, once you get there there’s a certain amount of anxiety over markets and the prospect of outliving your money should stocks and interest rates fail to cooperate.
Of course, those with guaranteed-for-life, taxpayer-backed, defined benefit.... More »
Canadian dollar falls, index futures up before North American markets open
– canadianbusiness.com
TORONTO – The Canadian dollar was down about one-quarter of a U.S. cent ahead of trading on North American stock markets.
The loonie traded at 80.34 cents US, down 0.25 of a U.S. cent from Tuesday’s close.
The Dow Jones industrial futures were up 84 points at 18,085.0, the Nasdaq futures rose 30 points to 4,533.0, and the S&P 500 futures advanced 8.7 points to 2,115.4.
On the commodity markets, the July crude contract was down 91 cents at US$60.35 a barrel and the August gold contract fell $4.30 to US$1,190.10 an ounce.
The S&P/TSX composite index closed Tuesday at 15,104.74, up 30.61 points
The post Canadian dollar falls, index futures up before North American markets open appeared first on Canadian Business – Your Source For Business News.
The loonie traded at 80.34 cents US, down 0.25 of a U.S. cent from Tuesday’s close.
The Dow Jones industrial futures were up 84 points at 18,085.0, the Nasdaq futures rose 30 points to 4,533.0, and the S&P 500 futures advanced 8.7 points to 2,115.4.
On the commodity markets, the July crude contract was down 91 cents at US$60.35 a barrel and the August gold contract fell $4.30 to US$1,190.10 an ounce.
The S&P/TSX composite index closed Tuesday at 15,104.74, up 30.61 points
The post Canadian dollar falls, index futures up before North American markets open appeared first on Canadian Business – Your Source For Business News.
Insurer UnitedHealth bumps up quarterly dividend 33 per cent to 50 cents per share
– canadianbusiness.com
MINNEAPOLIS – UnitedHealth Group is raising its cash dividend by more than 30 per cent once again, as the nation’s largest health insurer keeps pace with its rising stock price.
The Minneapolis company said Wednesday its board backed a dividend of 50 cents per share to be paid on June 24 to shareholders of record as of June 15. That’s an increase of more than 12 cents from the previous payout of 37.5 cents per share.
UnitedHealth Group Inc. has increased its dividend 30 per cent or more each year since 2010, when it became the first health insurer to offer more than a token dividend.
Once companies start offering dividends, they can face shareholder pressure to raise the payout and avoid diluting the yield. Investors have pushed the shares of UnitedHealth and competitors like Blue Cross-Blue Shield carrier Anthem Inc. and Aetna Inc. to several all-time high prices over the past year.
The nation’s second-largest health insurer, Anthem, raised its quarterly dividend nearly 43 per cent earlier this year…
The Minneapolis company said Wednesday its board backed a dividend of 50 cents per share to be paid on June 24 to shareholders of record as of June 15. That’s an increase of more than 12 cents from the previous payout of 37.5 cents per share.
UnitedHealth Group Inc. has increased its dividend 30 per cent or more each year since 2010, when it became the first health insurer to offer more than a token dividend.
Once companies start offering dividends, they can face shareholder pressure to raise the payout and avoid diluting the yield. Investors have pushed the shares of UnitedHealth and competitors like Blue Cross-Blue Shield carrier Anthem Inc. and Aetna Inc. to several all-time high prices over the past year.
The nation’s second-largest health insurer, Anthem, raised its quarterly dividend nearly 43 per cent earlier this year…
Global economic think-tank lowers forecast for Canada’s growth this year
– canadianbusiness.com
The OECD has trimmed its 2015 economic growth forecast for Canada, citing weaker investment in the energy sector following the plunge in oil prices.
The Paris-based organization is now projecting the economy to grow by just 1.5 per cent this year — down 0.7 per cent since its March outlook.
It says the Canadian economy will grow by 2.3 per cent in 2016 as non-energy exports accelerate and consumption rises with help from the lower dollar and stronger foreign growth.
The organization’s latest projections come less than a week after Statistics Canada reported the economy contracted by 0.6 per cent at an annualized rate in the first three months of the year.
That negative reading for the real gross domestic product was below the Bank of Canada’s prediction of zero growth.
The post Global economic think-tank lowers forecast for Canada’s growth this year appeared first on Canadian Business – Your Source For Business News.
The Paris-based organization is now projecting the economy to grow by just 1.5 per cent this year — down 0.7 per cent since its March outlook.
It says the Canadian economy will grow by 2.3 per cent in 2016 as non-energy exports accelerate and consumption rises with help from the lower dollar and stronger foreign growth.
The organization’s latest projections come less than a week after Statistics Canada reported the economy contracted by 0.6 per cent at an annualized rate in the first three months of the year.
That negative reading for the real gross domestic product was below the Bank of Canada’s prediction of zero growth.
The post Global economic think-tank lowers forecast for Canada’s growth this year appeared first on Canadian Business – Your Source For Business News.
The case for tontines: part 2
– moneysense.ca
Getty ImagesLast week in this space we looked at a Medieval risk-sharing concept called the tontine, as reprised by finance professor Moshe Milevsky in his recently published book, King William’s Tontine: Why the Retirement Annuity of the Future Should Resemble its Past. In brief, a tontine is a seemingly morbid concept that involves the pooling of investments such that those who die end up subsidizing those who keep living.
The prolific Milevsky, in concert with certified financial planner Alexandra MacQueen, also recently published the revised international edition of Pensionize Your Nest Egg. A must-read for anyone lacking a Defined Benefit (DB) pension, the new edition is aimed not just at Canadians but also English speakers in the United States, the United Kingdom, Australia and New Zealand.
We’ll look at this other book in more detail in an upcoming column but suffice it to say for now that Milevsky makes a distinction between a real pension—the DB pensions on offer by employers and also government benefits like CPP and Old Age Security (OAS)—and capital-appreciation vehicles like RRSPs, TFSAs and even Defined Contribution pensions…
