How to go about securing the best return for your investment in Canada.
Latest News
Suncor wins over majority of Canadian Oil Sands shareholders + MORE Feb 6th
Suncor Energy Ltd. said Canadian Oil Sands Ltd. shareholders holding more than two-thirds of the stock tendered their shares in a C$4.3-billion ($3.2-billion) takeover that will make the country’s biggest crude producer also the largest owner of the Syncrude project in northern Alberta
.... More »
IMF delegation arrives in Egypt for bailout talks Jul 30th
CAIRO – A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.
Cairo airport officials said the IMF mission chief for Egypt, Christopher Jarvis, led the team that would .... More »
2016 to remain challenging for Canadian stocks Dec 24th
OTTAWA – The Toronto Stock Exchange was pounded this year as the price of oil and other commodities took a beating.
Down more than 10 per cent heading into the final trading week of the year, even the Canadian banking sector — a stalwart of many portfolios — has struggled.
And 2016 is expected.... More »
Should you get a 30-year mortgage? + MORE Feb 25th
Signing a 30-year mortgage in Canada can be an attractive option for some home buyers in the face of relentless real estate prices.
In the city of Toronto, the average selling price for all home types reached $1.07 million in January 2022, according to figures from the Toronto Regional Real Estat.... More »
CannTrust stock falls - Business News - Castanet.net Jul 12th
CannTrust stock falls - Business News Castanet.netPosthaste: Just when Canada thought it was out of the housing bubble woods … Financial PostCannTrust stops selling all of its cannabis as Health Canada probe continues CBC NewsCannTrust halts sales of cannabis durin.... More »
In Hamilton, Trudeau blames Conservatives for US Steel mess – CBC.ca
– news.google.ca
CBC.caIn Hamilton, Trudeau blames Conservatives for US Steel messCBC.caJustin Trudeau criticized the Conservative government on Wednesday for its decisions around foreign investment that lead to bleak situations like the one U.S. Steel pensioners in Hamilton find themselves in after last Friday's Superior Court decision.Tories take their eye off Trudeau to focus on Liberal-led governmentToronto StarTrudeau calls on Canadians to vote for a majority Liberal governmentThe Globe and MailUp-for-grabs BC has attention of all partiesTimes ColonistDigital Journal -rabble.ca -Hamilton Spectatorall 142 news articles »
Bell Centre to receive $100M facelift – Montreal Gazette
– news.google.ca
Montreal GazetteBell Centre to receive $100M faceliftMontreal GazetteCanadiens owner Geoff Molson announced a $100 million facelift for Montreal's Bell Centre over the next three years. “This major investment is intended to maintain our standards of excellence and to ensure the quality of the Bell Centre visitor …Bell Centre to undergo $100 million renovationCTV NewsThe Montreal Canadiens To Spend $100-million On Upgrades For Bell CentreMTL Blog (blog)Canadiens: Molson to Spend $100 Million in UpgradesA Winning Habitall 6 news articles »
Bank of America’s cost cuts cushion blow from weak rates, muted trading
– theglobeandmail.com
Second biggest U.S. bank reports earnings per share of 37 cents (U.S.) in the latest quarter, compared with a loss the year before
Couche-Tard to buy 18 convenience stores in Texas as CFO suddenly resigns
– canadianbusiness.com
MONTREAL – Alimentation Couche-Tard is expanding its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.
The deal also includes two Subway stores and a dealer fuel supply network in the southern part of Texas. The purchase price isn’t being disclosed.
The convenience stores will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.
With this deal, Couche-Tard’s U.S. Southwest division will include 513 corporate and franchised stores.
The Quebec-based company (TSX:ATD.B) also says its chief financial officer has resigned, effective Thursday, to “pursue other interests and spend more time with his family.”
Raymond Pare has been with the Couche-Tard for 13 years, including about seven as CFO. Chief executive Bran Hannasch will handle financial and investor issues until a replacement is found.
Hannasch said Pare was instrumental in the company’s growth through key acquisitions including Statoil Fuel & Retail in northern Europe and The Pantry in the United States…
The deal also includes two Subway stores and a dealer fuel supply network in the southern part of Texas. The purchase price isn’t being disclosed.
The convenience stores will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.
With this deal, Couche-Tard’s U.S. Southwest division will include 513 corporate and franchised stores.
The Quebec-based company (TSX:ATD.B) also says its chief financial officer has resigned, effective Thursday, to “pursue other interests and spend more time with his family.”
Raymond Pare has been with the Couche-Tard for 13 years, including about seven as CFO. Chief executive Bran Hannasch will handle financial and investor issues until a replacement is found.
Hannasch said Pare was instrumental in the company’s growth through key acquisitions including Statoil Fuel & Retail in northern Europe and The Pantry in the United States…
Dividend Earner – why I’m living off dividends and distributions
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.As you might already be aware, a short while ago on My Own Advisor I wrote a controversial post about the intent to live off dividends and distributions form our portfolio. Some investors don’t agree with this approach:
“The trouble with a “live off the dividends” approach is that I’d have to save too much in order to create my desired retirement income. For example, I’d need to save between $2.5M and $3M in order to generate $90,000 per year in dividend income. Alternatively, I could get the same $90,000 per year by simply withdrawing from a portfolio of $1.45M (assuming 5% annual growth and the portfolio lasts 30 years).”
Personally, I don’t think you need a nest egg of $3M to retire on. This of course depends on your expensive retirement tastes and how much you think inflation will kill your portfolio value over time.
For me, “living off dividends” is very much a mindset:
There are simply too many unknowns about the future…
