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CREA sees $1-billion hit to economy next year as home sales fall + MORE Dec 14th
Canadian Real Estate Association says it expects home sales to fall more than 5 per cent in 2018
.... More »
Closing small business tax loopholes won’t make things ‘fairer’ + MORE Sep 25th
Finance Minister Bill Morneau speaking in Calgary in January 2016. The Bank of Canada is looking to the federal government for fiscal leadership. (Paul Chiasson/CP)
Is Canada’s tax system fair? That question has been the subject of a fiery debate across Canada ever since federal Finance Minister B.... More »
TFSA contribution room calculator + MORE Jan 10th
Find out your current tax-free savings account (TFSA) contribution limit by using this calculator.
TFSA is a bit of a misnomer. While you can use it for straightforward savings, think of it more accurately as an investment holding account to store things like exchange-traded funds .... More »
Donald Trump’s economic delusions are already hurting America - The Economist Mar 6th
Donald Trump’s economic delusions are already hurting America The EconomistFIRST READING: How Trump's trade war is blowing up in American's faces National PostTrump weaponizing tariff chaos, but vulnerable to stock market, U.S. living costs: chief economist BNN Blo.... More »
How to save (and invest) your first $100,000 Mar 27th
A popular milestone goal for young adults just starting out is to save $100,000 cash. YouTube and TikTok are buzzing with videos on this very topic, and it makes sense—$100,000 is enough to give you financial breathing room and life-changing options, like making a down payment on a condo or house,.... More »
With negative rates, even your money market fund’s not safe
– theglobeandmail.com
Negative rates are posing a risk to public pensions in Europe – and Canada should take note
Rules for safe dividend investing
– moneysense.ca
(Illustration by Sébastien Thiebault)In this prolonged low-interest-rate environment, nothing has captured the hearts and minds of investors more than dividend stocks. Roughly three-quarters of the stock market’s real return has historically come from dividends, so there’s validity to chasing yield. But some industry experts worry this near-obsessive focus on high-yield investment strategies is putting our nest eggs at risk because it ignores the basic tenets of proper portfolio construction. And when you combine that with a fragile economy, the outlook only worsens.
“Dividend stocks tend to be under-diversified and this leaves your portfolio exposed, particularly in a downturn,” explains Tom Bradley, CEO of Steadyhand. Don’t forget that Canadian companies with dividends are heavily concentrated in just a few sectors that make up 30% to 40% of our overall economy—namely utilities, banks and real estate. If these sectors get hit hard, says Bradley, expect slower earnings and lower returns…
Low-cost airline asks Ottawa for higher foreign investment limit
– theglobeandmail.com
Report says that the Vancouver-based low-cost airline would mark the first carrier in the country of its kind
KingSet, AIMCo to own half of Scotia Plaza in deal with H&R, Dream REIT
– canadianbusiness.com
TORONTO – KingSett Capital and the Alberta Investment Management Corp. are acquiring a 50 per cent interest in Scotia Plaza, including 100 Yonge St. in downtown Toronto, in a deal valued at well over half a billion dollars.
Under the arrangement, KingSett and AIMCo have agreed to buy a 16.67 per cent ownership interest in the property from Dream Office REIT (TSX:D.UN) while concurrently acquiring the 33.33 interest currently owned by H&R REIT.
Following the transaction, Dream REIT, which expects to received net proceeds of $115 million in the deal, will continue to own a 50 per cent interest in Scotia Plaza.
H&R said is selling its interest for about $433 million and expects net proceeds of about $229 million before closing cost and adjustment after the buyers assume its share of existing financing.
H&R says it will use the proceeds to repay debt, including the $180 million in unsecured debentures maturing in July 2016.
Closing is expected to occur on or about June 30…
Under the arrangement, KingSett and AIMCo have agreed to buy a 16.67 per cent ownership interest in the property from Dream Office REIT (TSX:D.UN) while concurrently acquiring the 33.33 interest currently owned by H&R REIT.
Following the transaction, Dream REIT, which expects to received net proceeds of $115 million in the deal, will continue to own a 50 per cent interest in Scotia Plaza.
H&R said is selling its interest for about $433 million and expects net proceeds of about $229 million before closing cost and adjustment after the buyers assume its share of existing financing.
H&R says it will use the proceeds to repay debt, including the $180 million in unsecured debentures maturing in July 2016.
Closing is expected to occur on or about June 30…
