All about Canadian investments. Learn the ins and outs and get the latest news.
Latest News
10 simple ways to save money Aug 18th
As the cost of living increases for Canadians, having a savings strategy has never been more important to ensure you can live comfortably in the future. But many are unsure where to start. Not having a thought-through plan or having one that is too rigid and demanding can easily push you off track. .... More »
Should I fire my advisor and invest by myself? + MORE Feb 11th
(Flickr)
Q. Bruce, I believe I am with a good and honest financial advisor. On her recommendation, I hold low-cost mutual funds, with an MER below 1%. My returns have averaged 6-8% annually over the past few years. But I am wondering if I should consider moving into a self-directed investment.... More »
What to do with a rental property when you owe more than it’s worth + MORE Apr 23rd
Q. I bought a home in Fort McMurray, Alta., for $413,000 in 2007. Five years later, in 2012, I moved out and started renting the property, and it has remained an income property since then.
With the decline in oil prices, the town of Fort McMurray has seen real estate losing value like crazy. After .... More »
Can I afford that mortgage? Here’s how much you can safely borrow to buy your first house + MORE Apr 25th
Talk to a mortgage broker and do a personal budget assessment before you start house hunting, expert says..... More »
CIBC to rebrand The PrivateBank as CIBC Bank USA at dozens of locations + MORE Sep 18th
The Canadian Imperial Bank of Commerce is extending its brand across the U.S. by renaming dozens of recently-purchased locations south of the border as CIBC Bank USA.
The Canadian lender closed its acquisition of Chicago-based PrivateBancorp in June.
Today, the bank announced it is replacing the U.S.... More »
Bombardier reviewing strategic options, says CEO
– macleans.ca
MONTREAL – The $1-billion lifeline Bombardier is getting from the Quebec government will go a long way toward helping the troubled plane and train maker, but it’s just one of several initiatives aimed at shoring up the company’s financial position, says chief executive Alain Bellemare.
In addition to working on the sale of a minority stake in its railway division (which analysts estimate would bring in US$1 billion to US$2 billion), the company is considering other strategic options, including the sale of non-core assets and exploring ways to trim costs from programs like the Q400 turboprop.
Related: Why the Bombardier bailout isn’t that risky a proposition
Bellemare was loathe to provide details about what is being considered, including whether joint ventures like the CSeries deal with the province are contemplated for other programs.
The CEO said he’s “super sensitive” about discussing options after “very unfortunate leaks” of the company’s approach to Airbus about selling a stake in the CSeries…
ETFs and dividend stocks built to last for your portfolio
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
It’s easy to see the love affair with Exchange Traded Funds (ETFs). They can be a super cheap, low-cost way to passively invest in the market. You can also get what is considered to be “the only free lunch” that comes with investing – diversification. You can own thousands of stocks from around the world with one ETF product.
It’s also see the affinity to dividend paying stocks. While a high and a consistent total return is always a good goal when it comes to your portfolio, dividend paying stocks can offer tangible cash flow to investors and some capital appreciation as well. By owning dozens of established companies from different sectors that have a long history of paying consistent dividends, you can build a generous passive income machine. This income machine can also grow from dividend increases.
Are there ETFs and/or stocks that are built to last for your long-term portfolio?
I believe there are, and the list is here…
It’s easy to see the love affair with Exchange Traded Funds (ETFs). They can be a super cheap, low-cost way to passively invest in the market. You can also get what is considered to be “the only free lunch” that comes with investing – diversification. You can own thousands of stocks from around the world with one ETF product.
It’s also see the affinity to dividend paying stocks. While a high and a consistent total return is always a good goal when it comes to your portfolio, dividend paying stocks can offer tangible cash flow to investors and some capital appreciation as well. By owning dozens of established companies from different sectors that have a long history of paying consistent dividends, you can build a generous passive income machine. This income machine can also grow from dividend increases.
Are there ETFs and/or stocks that are built to last for your long-term portfolio?
I believe there are, and the list is here…
Five things to watch for in the Canadian business world in the coming week
– canadianbusiness.com
TORONTO – Five things to watch in Canadian business this week:
China missions: Premier Christy Clark of B.C. and Kathleen Wynne, her Ontario counterpart, both visit China next week as they try to foster stronger trade relationships with the Asian giant. Chinese leaders recently committed to doubling the size of the economy by 2020 from 2010 levels — and both premiers will be seeking to capitalize on those growth ambitions.
Earnings mania: It’s another big week for corporate earnings. Among companies reporting are SNC-Lavalin, Torstar, Quebecor, BCE, Telus, WestJet, Air Canada and TransCanada.
Hydro One IPO: Shares of Hydro One are expected to go on sale on the Toronto Stock Exchange on Thursday at $20.50 each. The Ontario government’s plan to sell 60 per cent of the transmission utility in the hopes of raising $1.66 billion from the sale of the shares has triggered waves of controversy. Wynne has said revenue the sale will generate is needed to fund transit and infrastructure projects, but the province’s budget watchdog has warned it could drive Ontario further into debt in the long run…
China missions: Premier Christy Clark of B.C. and Kathleen Wynne, her Ontario counterpart, both visit China next week as they try to foster stronger trade relationships with the Asian giant. Chinese leaders recently committed to doubling the size of the economy by 2020 from 2010 levels — and both premiers will be seeking to capitalize on those growth ambitions.
Earnings mania: It’s another big week for corporate earnings. Among companies reporting are SNC-Lavalin, Torstar, Quebecor, BCE, Telus, WestJet, Air Canada and TransCanada.
Hydro One IPO: Shares of Hydro One are expected to go on sale on the Toronto Stock Exchange on Thursday at $20.50 each. The Ontario government’s plan to sell 60 per cent of the transmission utility in the hopes of raising $1.66 billion from the sale of the shares has triggered waves of controversy. Wynne has said revenue the sale will generate is needed to fund transit and infrastructure projects, but the province’s budget watchdog has warned it could drive Ontario further into debt in the long run…
China’s manufacturing contracts for 3rd straight month in sign of economic weakness
– canadianbusiness.com
BEIJING, China – China’s manufacturing contracted for the third consecutive month in October in a sign of weakness in the world’s second-largest economy.
The National Bureau of Statistics said Sunday that China’s purchasing managers’ index was 49.8 for October, the same figure as September. A PMI reading above 50 indicates an expansion of manufacturing activity while those below 50 indicate contraction.
The official non-manufacturing PMI, which gauges the services sector, was 53.1 per cent for October, down from September’s 53.4.
The Chinese government has cut interest rates six times in the past year to shore up economic growth that slowed to 6.9 per cent in the third quarter.
The Chinese economic slowdown comes as Beijing tries to move the country away from an overreliance on exports and often-wasteful investment in housing, factories and infrastructure projects.
The post China’s manufacturing contracts for 3rd straight month in sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
The National Bureau of Statistics said Sunday that China’s purchasing managers’ index was 49.8 for October, the same figure as September. A PMI reading above 50 indicates an expansion of manufacturing activity while those below 50 indicate contraction.
The official non-manufacturing PMI, which gauges the services sector, was 53.1 per cent for October, down from September’s 53.4.
The Chinese government has cut interest rates six times in the past year to shore up economic growth that slowed to 6.9 per cent in the third quarter.
The Chinese economic slowdown comes as Beijing tries to move the country away from an overreliance on exports and often-wasteful investment in housing, factories and infrastructure projects.
The post China’s manufacturing contracts for 3rd straight month in sign of economic weakness appeared first on Canadian Business – Your Source For Business News.
Bombardier not done with transformation; reviewing strategic options, says CEO
– canadianbusiness.com
MONTREAL – The $1-billion lifeline Bombardier is getting from the Quebec government will go a long way toward helping the troubled plane and train maker, but it’s just one of several initiatives aimed at shoring up the company’s financial position, says chief executive Alain Bellemare.
In addition to working on the sale of a minority stake in its railway division (which analysts estimate would bring in US$1 billion to US$2 billion), the company is considering other strategic options, including the sale of non-core assets and exploring ways to trim costs from programs like the Q400 turboprop.
Bellemare was loathe to provide details about what is being considered, including whether joint ventures like the CSeries deal with the province are contemplated for other programs.
The CEO said he’s “super sensitive” about discussing options after “very unfortunate leaks” of the company’s approach to Airbus about selling a stake in the CSeries.
“I will continue to look at strategic options across the board…
In addition to working on the sale of a minority stake in its railway division (which analysts estimate would bring in US$1 billion to US$2 billion), the company is considering other strategic options, including the sale of non-core assets and exploring ways to trim costs from programs like the Q400 turboprop.
Bellemare was loathe to provide details about what is being considered, including whether joint ventures like the CSeries deal with the province are contemplated for other programs.
The CEO said he’s “super sensitive” about discussing options after “very unfortunate leaks” of the company’s approach to Airbus about selling a stake in the CSeries.
“I will continue to look at strategic options across the board…
