Making sense of the markets this week: May 8 + MORE May 6th

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How to stay the course with your retirement plan during market volatility + MORE Apr 8th

Three days of wild market volatility sparked by U.S. tariffs is enough to cause any investor stress, but for those in retirement, the plunge can be extra difficult. Markets have taken a nosedive after U.S. President Donald Trump’s announcement of sweeping global tariffs last Wednesday (April .... More »

The best high-interest savings accounts in Canada for 2024 Nov 11th

Savings comparison tool Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigate mo.... More »

The top 5 questions about RESPs + MORE Sep 7th

An RESP, short for registered education savings plan, is a powerful tool that families can use to save for a child’s post-secondary education. RESPs have many great benefits, including tax-deferred growth and access to thousands of dollars’ worth of free government grants and bonds. But… using.... More »

Stock market news for Canadian investors: BMO and Scotiabank report earnings + MORE Feb 26th

Companies that reported earnings this week BMO Scotiabank BMO Financial Group reports $2.14B Q1 profit up from $1.29B a year ago Source: Google BMO (TSE: BMO) Q1 earnings: $2.14 billion, up from $1.29 billion a year earlier. Revenue: $9.27 billion, up from $7.67 bi.... More »

The best student credit cards in Canada for 2023 + MORE Sep 13th

Credit Cards The best student credit cards in Canada for 2023 Searching for the perfect credit card? In under 60 seconds, CardFinder narrows down your top matches without impacting your credit score, no SIN required. Find my perfect card* .... More »

Gas prices hit record highs across the country – CBC News

– news.google.ca

Gas prices hit record highs across the country CBC NewsGas prices surge across Canada… again | ‘You almost want to cry’ says one driver CTV NewsBusiness Report: Gas to hit new high as stock markets crash CityNewsGas prices reach new record in Toronto | CTV News CTV News TorontoGas price leaps up, heating oil and diesel tumble CBC.ca

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Making sense of the markets this week: May 8

– moneysense.ca

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

Canadian dividend darlings chugging along

Canadian dividend investors had something to love and something to be cautiously optimistic about in recent earnings news. Energy giant Cenovus (CVE) made headlines when it announced a tripling of its base dividend to $0.42 per share, as well as a long-term commitment to stock buybacks and special dividends. This came on the back of a 700% increase in profits over Q1 2021.

Cenovus president and CEO Alex Pourbaix reported to shareholders that:

“After rapidly deleveraging our balance sheet, we are now able to provide a much clearer picture of how we will position Cenovus for the longer term—as a leader in delivering total shareholder returns.”

Clearly, Cenovus is trying to regain its dividend bonafides after suspending its dividend at the beginning of the pandemic. If oil prices stay elevated, Canada’s energy behemoths should be able to pay down debt, shore up balance sheets, and reward shareholders all at the same time…

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