Making sense of the markets this week: May 29 + MORE May 27th

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Hyundai Ioniq 6 Preferred Long-Range AWD: The best affordable EV in Canada for long-range driving for 2024 + MORE Mar 1st

Last year, we told you that the 2024 Hyundai Ioniq 6 was our top pick for affordable access to long-distance cruising range, specifically with the 2024 Hyundai Ioniq 6 Preferred Long-Range version delivering maximum return on the investment of shoppers counting “range for the buck” as a key purc.... More »

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How to calculate the adjusted cost base of inherited property Feb 6th

Ask MoneySense I sold a building that I inherited over 20 years ago. I don’t know the adjusted cost base (ACB) or fair market value of the building in 2003. How do I determine the value?—Bill Reporting the sale of a property in Canada When you sell real estate, you need to report that sal.... More »

Don’t get stuck on financial advice that doesn’t ring true Mar 26th

Finance tips and advice that worked decades ago aren’t always relevant in today’s day and age. Still, well-meaning friends and family often recycle the same information for younger generations—only for them to find out the hard way the advice might be inaccurate. Financial experts say the.... More »

Maple Leaf to spin off a publicly traded company Jul 10th

This little piggy is going to market. Maple Leaf Foods (MFI/TSX) is spinning off its pork business into a new publicly traded company, the firm announced Tuesday. It’s something that’s been in the works for a little while, but the time is now right, said chief executive Curtis Frank in an.... More »

Making sense of the markets this week: May 29

– moneysense.ca

Million Dollar Journey editor and Canadian Financial Summit founder Kyle Prevost shares financial headlines and offers context for Canadian investors.

Banking on boring profits

Consistent, proven business models that take advantage of oligopolistic pricing power are often boring. They don’t often involve CEOs standing on stage making fantastic declarations about world-changing technology. They don’t often inspire forum posts about rockets going to the moon.

Canada’s big banks just churn out reliable streams of profits quarter after quarter.

Boring hasn’t looked good in a while. Boring looks pretty good these days. Here’s a chart, showing the adjusted earrings and direction of revenue plus dividend.

BankTickerAdjusted earnings & revenue directionDividendsBank of MontrealBMO.TOAdjusted earnings per share up to $3.23 from $3.13 last year, beat earnings prediction of $3.21, and revenue way up.Raised dividend $0.06.Bank of Nova ScotiaBNS.TOAdjusted earnings per share up to $2…

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Price of natural gas could climb higher still after cresting multi-year highs – CBC.ca

– news.google.ca

Price of natural gas could climb higher still after cresting multi-year highs CBC.caAnalysts say natural gas could go even higher after breaking 14-year record this week – Business News Castanet.netNatural gas could go even higher after breaking 14-year record this week, analysts say The Globe and MailTop TSX Stocks to Consider as Natural Gas Price Races to US$10 The Motley Fool CanadaNatural Gas Price Forecast – Natural Gas Markets Racing Higher FX EmpireView Full coverage on Google News

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