Five under-the-radar dividend picks + MORE Nov 1st

The unit could go for as much as $10-billion and there is at least one other bidder interested; Valeant stock jumps as much as 36 per cent in New York on Tuesday

Portfolio Management’s Norman Levine looks for a sustainable, growing dividend. If he can buy the stock at a discount, even better

Bank of Canada governor Stephen Poloz says risks from household debt and the housing market will be better addressed by the government’s recent policy moves than by adjusting interest rates.
In a speech in Vancouver, the head of Canada’s central bank says adjusting interest rates is a “very blunt tool” that has widespread effects.
“Our view is that these so-called macroprudential policies are best placed to deal with threats to financial stability because they can be designed to target specific financial vulnerabilities,” Poloz said, according to a text of his speech released in Ottawa.
“Given all the work done to strengthen the global financial system over the past few years, it makes even more sense to separate monetary policy from efforts to stabilize the financial system.”
.cbR{box-sizing:border-box;display:block;width:100%;margin:1em 0;border:1px solid #bbb;padding:.5em}@media (min-width:480px){.cbR{width:250px;margin:0 0 1em 1em;float:right}}How Canadians should adapt to low interest rates: Poloz
Household debt levels have hit record levels in recent years and housing markets have boomed, helped by low interest rates that have allowed consumers to borrow cheaply…

Despite mechanical difficulties, WestJet’s flghts to London led it to solid earnings over the summer as the airline flew nearly 6 million passengers in the quarter — a record. The airline said it is actively looking for more jets to add to the 767 fleet.

Q: I have topped up my TFSA to date and my wife has done the same. Returns have been good enough, no problem.
The TFSAs currently hold equity mutual funds as part of ‘near balanced’ allocations with a large mutual fund manager.
For estate planning and future risk planning (we are both 67), what happens to a TFSA upon death?
Is it liquidated and transferred to the survivor as cash?
Is it transferred ‘as is’ to the survivor and added on to their plan?
—Edmund
A: Tax-Free Savings Accounts (TFSAs) are still relatively new accounts, having been introduced in 2009. I find there is still some uncertainty about how they work, ranging from what to buy to what happens when you die.
Ask a Planner: Leave your question for Jason Heath »
In general, there are three options with a TFSA on death, Edmund:
1. Name a successor holder who becomes the accountholder.
2. Name a beneficiary who receives a distribution from the account.
3. Name your estate to receive the distribution, with the proceeds distributed based on the terms of your will…