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Latest News
Kamala Harris ends U.S. presidential campaign, cites financial troubles - Global News Dec 3rd
Kamala Harris ends U.S. presidential campaign, cites financial troubles Global NewsSen. Kamala Harris drops out of U.S. presidential race CTV NewsU.S. Senator Kamala Harris ends 2020 presidential bid The Globe and MailDid We Ever Know the Real Kamala Harris? &nb.... More »
Toronto home sales, average prices soar in August + MORE Sep 7th
TORONTO – A record number of homes were sold in the Greater Toronto Area last month as listings continued to dwindle, the city’s real estate board said Wednesday.
The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, tho.... 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 »
Warning signs are there for stock market 'retreat': Olive + MORE Jul 29th
From over-valued markets to rising interest rates, the signs are there that a come-down is due for equities..... More »
These relatively new Canadian dividend ETFs are worth a look + MORE Mar 15th
While most of these funds have been around less than five years, they are worthy of consideration for investors seeking high yields with minimal managing
.... 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…
