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Morneau faces more questions despite promise to sell shares, use blind trust + MORE Oct 20th
One day after he promised to sell off at least $21 million worth of family assets, Finance Minister Bill Morneau is facing still more questions over how he handled his personal fortune when he entered government in 2015.
In hope of quieting conflict of interest accusations, the former businessman ha.... More »
Telecommunications and technology sectors help push Toronto market higher + MORE Aug 1st
The telecommunications and technology sectors helped lift Canada’s main stock index in late morning trading today.
The S&P/TSX composite index was up 79.44 points to 15,223.31 after 90 minutes of trading.
In New York, the Dow Jones industrial average advanced 87.73 points to 21,978.85, th.... More »
FBI says Trump gunman searched about Kennedy assassination days before shooting - Axios + MORE Jul 24th
FBI says Trump gunman searched about Kennedy assassination days before shooting AxiosTrump shooter used 'mechanical equipment' to climb roof, may have had collapsible gun stock: FBI CBC NewsTrump shooter Google searched JFK assassination, FBI director reveals The Ind.... More »
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta - CBC News Jan 30th
Walmart rolls out $6.5B expansion plan, including three new stores for Alberta CBC NewsWalmart Canada announces landmark $6.5 billion investment in its store and supply chain footprint, announcing dozens of new stores to be built across Canada over the next five years Canada Ne.... More »
CRA's Panama Papers raids targeted oilpatch fixer with half-dozen offshore companies - CBC.ca May 4th
CBC.caCRA's Panama Papers raids targeted oilpatch fixer with half-dozen offshore companiesCBC.caAn Alberta businessman who has quietly been teeing up hundreds of millions of dollars in deals for Chinese investors to buy oilpatch assets is the first person known to be targeted by the Canada Reve.... More »
What procrastinators should do about the RRSP deadline
– moneysense.ca
OTTAWA – If you haven’t made a contribution to your RRSP account so far this year, investment advisers say you are not alone.But while the volatile ride the Toronto Stock Exchange has taken in recent months may have given reason to procrastinate, the deadline is just around the corner.
Linda MacKay, senior vice-president for personal savings and investing at TD Canada Trust, said the stock market fluctuations in recent months may have some pondering what’s the right thing to do.
But, she said, the earlier people start saving for retirement, the better.
The savvy investor’s guide to RRSPs »
“It is incredibly difficult to time the market and typically if you do try to you’re going to probably miss some of the best times to buy,” MacKay said.
“People who are nervous about the market tend to hit the worst days and miss the best days. We know over the long run if you have a good plan and you’re focused on your long-term goals then staying invested in the right investments for your risk tolerance is a better strategy…
Fund manager Q&A: Beaten down REITs look attractive
– canadianbusiness.com
LOS ANGELES, Calif. – Like the rest of the stock market, real estate investment trusts have taken a beating this year and are well off their levels from a year ago.
The threat of a weaker economy has hurt, but REIT investors also have an uncertain outlook for interest rates to worry about.
Adam Patti, who oversees an exchange-traded fund focused on REITs as CEO of IndexIQ, thinks all this concern might make for a good time to buy REITs. REITs’ sharp fall after a big run-up about two years ago has made them more attractively priced, he says, and helped push dividend yields higher.
Patti believes that interest rate hikes won’t hurt REITs as long as the economy remains on firm footing.
Real estate investment trusts are companies that own real estate, like malls, apartment buildings, or commercial buildings. Unlike most companies, though, they operate under a tax structure that requires them to pay out most of their income, which is usually from rent and lease payments, to shareholders…
The threat of a weaker economy has hurt, but REIT investors also have an uncertain outlook for interest rates to worry about.
Adam Patti, who oversees an exchange-traded fund focused on REITs as CEO of IndexIQ, thinks all this concern might make for a good time to buy REITs. REITs’ sharp fall after a big run-up about two years ago has made them more attractively priced, he says, and helped push dividend yields higher.
Patti believes that interest rate hikes won’t hurt REITs as long as the economy remains on firm footing.
Real estate investment trusts are companies that own real estate, like malls, apartment buildings, or commercial buildings. Unlike most companies, though, they operate under a tax structure that requires them to pay out most of their income, which is usually from rent and lease payments, to shareholders…
TD Bank grew its first-quarter profit by roughly eight per cent to $2.22 billion on higher earnings from its Canadian and U.S. retail banking operations.
Ottawa and Quebec could control Bombardier CSeries program: provincial minister
– canadianbusiness.com
MONTREAL – Ottawa and Quebec would control Bombardier’s CSeries if the federal government joins the province in contributing US$1 billion to the troubled jet program, Quebec’s transport minister said.
Quebec has secured a 49.5 per cent stake in the CSeries and two of five seats on a separate board after agreeing in October to the financial contribution.
The Montreal-based aircraft manufacturer (TSX:BBD.B) would hold the three remaining seats and have the right to appoint the subsidiary’s chairman.
However, Ottawa would gain two additional seats on an expanded seven-person board if the federal government ponies up additional money, Jacques Daoust said in an interview with Radio-Canada.
Bombardier declined to comment on the minister’s statement but said former Quebec premier Daniel Johnson would head the CSeries board.
The Liberal government has said it was continuing to evaluate the request for funding.
The narrow-body CSeries planes, which are two years late and overbudget at US$5…
Quebec has secured a 49.5 per cent stake in the CSeries and two of five seats on a separate board after agreeing in October to the financial contribution.
The Montreal-based aircraft manufacturer (TSX:BBD.B) would hold the three remaining seats and have the right to appoint the subsidiary’s chairman.
However, Ottawa would gain two additional seats on an expanded seven-person board if the federal government ponies up additional money, Jacques Daoust said in an interview with Radio-Canada.
Bombardier declined to comment on the minister’s statement but said former Quebec premier Daniel Johnson would head the CSeries board.
The Liberal government has said it was continuing to evaluate the request for funding.
The narrow-body CSeries planes, which are two years late and overbudget at US$5…
CIBC says its first-quarter profit grew six per cent to $982 million as earnings from its retail and business banking segment grew.
