How to go about securing the best return for your investment in Canada.
Latest News
Can this 31-year-old Toronto drummer save enough to buy property with his partner? Nov 28th
Marco has a job he loves and pays cheap rent, but he’s recently started a new relationship that has him rethinking his long-term financial goals..... More »
Britain agrees to return $44M to Macau seized from official in corruption case + MORE Nov 4th
HONG KONG – Britain has agreed to return 28.7 million pounds ($44.3 million) to Macau that was confiscated from a government official convicted in the Chinese enclave’s biggest corruption case.
According to a Macau government statement released Tuesday, British and Macau officials signed.... More »
Stocks solidly lower following weak jobs report + MORE Feb 5th
NEW YORK, N.Y. – The stock market is moving lower after the government reported that job creation in the U.S. slowed down last month.
Technology stocks had some of the biggest declines Friday.
LinkedIn plunged 40 per cent after the social media company released a weak forecast for 2016.
Tyson .... More »
Business Highlights + MORE Feb 16th
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The Big Uh-Oh: Global economy shaky and cavalry may not come
WASHINGTON (AP) — Eight years after the financial crisis, the world is coming to grips with an unpleasant realization: serious weaknesses still plague the global economy, and emergency help may not be on the way.
Sinking stock prices.... More »
Stock news for investors: Groupe Dynamite Q2 profit jumps to $63.9M on strong sales growth + MORE Sep 11th
Here’s a round-up of news for Canadian investors this week.
Groupe Dynamite
Roots
Transat A.T. Inc.
Empire Co. Ltd.
Featured RRSP Accounts
featured
EQ Bank
Build your retire.... More »
In Hamilton, Trudeau blames Conservatives for US Steel mess – CBC.ca
– news.google.ca
CBC.caIn Hamilton, Trudeau blames Conservatives for US Steel messCBC.caJustin Trudeau criticized the Conservative government on Wednesday for its decisions around foreign investment that lead to bleak situations like the one U.S. Steel pensioners in Hamilton find themselves in after last Friday's Superior Court decision.Tories take their eye off Trudeau to focus on Liberal-led governmentToronto StarTrudeau calls on Canadians to vote for a majority Liberal governmentThe Globe and MailUp-for-grabs BC has attention of all partiesTimes ColonistDigital Journal -rabble.ca -Hamilton Spectatorall 142 news articles »
Bell Centre to receive $100M facelift – Montreal Gazette
– news.google.ca
Montreal GazetteBell Centre to receive $100M faceliftMontreal GazetteCanadiens owner Geoff Molson announced a $100 million facelift for Montreal's Bell Centre over the next three years. “This major investment is intended to maintain our standards of excellence and to ensure the quality of the Bell Centre visitor …Bell Centre to undergo $100 million renovationCTV NewsThe Montreal Canadiens To Spend $100-million On Upgrades For Bell CentreMTL Blog (blog)Canadiens: Molson to Spend $100 Million in UpgradesA Winning Habitall 6 news articles »
Bank of America’s cost cuts cushion blow from weak rates, muted trading
– theglobeandmail.com
Second biggest U.S. bank reports earnings per share of 37 cents (U.S.) in the latest quarter, compared with a loss the year before
Couche-Tard to buy 18 convenience stores in Texas as CFO suddenly resigns
– canadianbusiness.com
MONTREAL – Alimentation Couche-Tard is expanding its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.
The deal also includes two Subway stores and a dealer fuel supply network in the southern part of Texas. The purchase price isn’t being disclosed.
The convenience stores will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.
With this deal, Couche-Tard’s U.S. Southwest division will include 513 corporate and franchised stores.
The Quebec-based company (TSX:ATD.B) also says its chief financial officer has resigned, effective Thursday, to “pursue other interests and spend more time with his family.”
Raymond Pare has been with the Couche-Tard for 13 years, including about seven as CFO. Chief executive Bran Hannasch will handle financial and investor issues until a replacement is found.
Hannasch said Pare was instrumental in the company’s growth through key acquisitions including Statoil Fuel & Retail in northern Europe and The Pantry in the United States…
The deal also includes two Subway stores and a dealer fuel supply network in the southern part of Texas. The purchase price isn’t being disclosed.
The convenience stores will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.
With this deal, Couche-Tard’s U.S. Southwest division will include 513 corporate and franchised stores.
The Quebec-based company (TSX:ATD.B) also says its chief financial officer has resigned, effective Thursday, to “pursue other interests and spend more time with his family.”
Raymond Pare has been with the Couche-Tard for 13 years, including about seven as CFO. Chief executive Bran Hannasch will handle financial and investor issues until a replacement is found.
Hannasch said Pare was instrumental in the company’s growth through key acquisitions including Statoil Fuel & Retail in northern Europe and The Pantry in the United States…
Dividend Earner – why I’m living off dividends and distributions
– myownadvisor.ca
Learn, save, invest and prosper by subscribing to My Own Advisor.As you might already be aware, a short while ago on My Own Advisor I wrote a controversial post about the intent to live off dividends and distributions form our portfolio. Some investors don’t agree with this approach:
“The trouble with a “live off the dividends” approach is that I’d have to save too much in order to create my desired retirement income. For example, I’d need to save between $2.5M and $3M in order to generate $90,000 per year in dividend income. Alternatively, I could get the same $90,000 per year by simply withdrawing from a portfolio of $1.45M (assuming 5% annual growth and the portfolio lasts 30 years).”
Personally, I don’t think you need a nest egg of $3M to retire on. This of course depends on your expensive retirement tastes and how much you think inflation will kill your portfolio value over time.
For me, “living off dividends” is very much a mindset:
There are simply too many unknowns about the future…
