CPPIB using its shareholder votes to push for more women on corporate boards: CEO + MORE Nov 11th

TSX getting you down? There are always sound investment alternatives.
Latest News

Liberals deliver tax breaks for businesses in response to Trump's rate cuts - The Globe and Mail Nov 22nd

The Globe and MailLiberals deliver tax breaks for businesses in response to Trump's rate cutsThe Globe and MailThe Liberal government has delivered billions of dollars in tax breaks for businesses in an economic update that gives priority to incentives for new corporate investment over shrinkin.... More »
 rrsp

The best TD credit cards in Canada 2020 + MORE Aug 21st

Formed through a merger between financial giants Bank of Toronto and The Dominion Bank in 1955, TD is one of Canada’s most storied big five banks. It offers a wide array of financial services including an impressive portfolio of more than two dozen credit cards. We break down the best TD credit ca.... More »

Blue Jays trade JA Happ to Yankees for Brandon Drury, prospect - CBC.ca + MORE Jul 26th

CBC.caBlue Jays trade JA Happ to Yankees for Brandon Drury, prospectCBC.caToronto general manager Ross Atkins says competitive baseball teams are increasingly less willing to part with top prospects when they tool up for a playoff run. So while the Blue Jays didn't get a blue-chip minor leaguer.... More »

Is there a case for investing in retail right now? May 31st

Reitmans. JCPenney. Pier 1. True Religion. J.Crew. Neiman Marcus. These are just a few of the retailers that have filed for bankruptcy in 2020—and could become names no one mentions again. Everyone knows that retail has been ravaged by COVID-19, but it’s still wild to see how many big brands hav.... More »

Trump Family Finance - Wall Street Journal Oct 3rd

Wall Street JournalTrump Family FinanceWall Street JournalLast year MSNBC anchor Rachel Maddow revealed tax data suggesting that Donald Trump is not nearly as good as Warren Buffett when it comes to avoiding federal income taxes. But what about Mr. Trump's late father Fred? The New York Times i.... More »
MONTREAL _ Flight training and simulator provider CAE Inc. says its earnings soared 35 per cent in its latest quarter on proceeds from the sale of its stake in a Chinese training centre.
The Montreal-based company says its net income attributable to shareholders was $65.2 million or 24 cents per share in the three months ended Sept. 30. That compared with $48.3 million or 18 cents per share a year earlier.
Excluding a gain from the sale of a 49 per cent stake in the Zhuhai Flight Training Centre for US$96 million, CAE (TSX:CAE) earned $58.2 million or 22 cents per share, up from $55.5 million or 21 cents per share.
The adjusted profit was two cents per share below analyst forecasts, says RBC Capital Markets analyst Steve Arthur.
Revenue for its fiscal second quarter was $646 million, up from $635.5 million a year earlier.
CAE says it received $931 million in orders in the quarter, with more than half coming from defence customers.
The company says that former CGI chief executive Michael Roach is joining its board of directors…

Continue Reading On canadianbusiness.com »

TORONTO _ Hydro One Ltd. (TSX:H) says its third-quarter profit was down six per cent from last year as a result of costs associated with the proposed $6.7-billion acquisition of Avista Corp., a U.S. utility company based in Spokane, Wash.
Ontario’s largest electricity distributor says its profit attributable to common shareholders was $219 million in the three months ended Sept. 30, down from $233 million last year.
Excluding the costs associated with Avista, Hydro One’s adjusted profit was up two per cent at $237 million.
Hydro One’s earnings per share were down two cents at 37 cents, while adjusted earnings were up one cent at 40 cents per share.
Gross revenue was $1.52 billion, down 10.8 per cent in the third quarter of 2016. Excluding power purchases, net revenue was up 1.3 per cent at $847 million.
Hydro One says its revenue was positively affected by higher transmission rates but negatively affected by lower peak demand and lower energy consumption during mild weather during the summer…

Continue Reading On canadianbusiness.com »

TORONTO _ Canada’s largest retirement fund manager is pushing to have more women on corporate boards because diversity makes for better business decisions, CPPIB chief executive Mark Machin said Friday.
“This is a high priority for us,” Machin said in an interview after Canada Pension Plan Investment Board released its second-quarter financial report.
“We think that diversity leads to better decision-making and I think there’s a growing body of academic and practical evidence that leads to that (conclusion).”
As a result, CPPIB _ which manages more than $325 billion for the Canada Pension Plan _ voted 34 times this year against specific directors who chaired board’s nomination committees that failed to include women as candidates.
Although none of the 34 targeted directors were defeated, Machin said that CPPIB believes it has a responsibility to take a leadership role and “would encourage other people to do the same.”
The CPPIB, itself, has an equal number of male and female directors on its 12-member board, which is chaired by Heather Munroe-Blum, a former president of McGill University…

Continue Reading On canadianbusiness.com »

TORONTO _ Fairfax Financial Holdings Ltd. (TSX:FFH) has paid nearly $11.8 million to increase its holding of Torstar Corp.’s non-voting shares to 40.6 per cent.
The Toronto-based financial company now owns about 28.9 million class B shares of Torstar (TSX:TS.B), owner of the Toronto Star, the Metroland group of newspapers and other digital and print media businesses.
Fairfax says it paid $1.25 each for the 9.4 million class B shares. The shares closed Thursday at $1.30 on the Toronto Stock Exchange, but Fairfax didn’t say when its shares were acquired through a private agreement.
Fairfax says it acquired the class B shares for investment purposes but, in future, it may discuss transactions with management or the company’s board of directors.
The company has gradually increased its stake over the recent years. Prior to the most recent transaction, it owned 27.3 per cent of the media company’s non-voting shares.
Fairfax is a holding company that’s primarily invested in insurance businesses…

Continue Reading On canadianbusiness.com »

A gold penny stock was turned into a cryptocurrency play, and investors now value it at $1-billion

Continue Reading On theglobeandmail.com »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!