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Hedging against inflation with dividend-paying stocks + MORE Apr 1st
Dividend-paying stocks typically don’t get much attention, but that’s changing as investors look for ways to protect their wealth in the face of market turbulence and inflation. Investing in dividend-paying stocks is one proven way to both grow your portfolio and cushion it against loss. That’.... More »
Ottawa puts $200M into space launch pad in Nova Scotia - CBC + MORE Mar 17th
Ottawa puts $200M into space launch pad in Nova Scotia CBCHistoric $200 million investment positions Nova Scotia spaceport as cornerstone of Canada’s defence capabilities canada.caOttawa investing $200-million in Nova Scotia spaceport to enable sovereign satellite launches&nb.... More »
Leaked NAFTA Draft Order Says Canada 'Exploits' American Industries - Huffington Post Canada Apr 29th
Huffington Post CanadaLeaked NAFTA Draft Order Says Canada 'Exploits' American IndustriesHuffington Post CanadaWASHINGTON — A published report says President Donald Trump planned to give Canada and Mexico five days notice that the U.S. intended to leave the North American Free Trade Agre.... More »
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants? + MORE Jan 19th
A MoneySense reader writes:
I’m writing to ask about beneficiaries, successor holders and successor annuitants for TFSAs and RRIFs. What is the difference between these, and how do you choose the right one for each account?
FPAC responds:
When you have a registered account, su.... More »
Restructuring charges drag down CIBC’s profit; boosts dividend + MORE Dec 3rd
Restructuring charges, which totalled $161-million after taxes
.... More »
Moody’s raises outlook for Spain’s banks to positive, ending 7-year negative rating
– canadianbusiness.com
MADRID – Credit ratings agency Moody’s says it has raised its outlook for Spain’s banks to positive, scrapping the negative rating it had held for seven years.
The agency said in a statement Thursday that the upgrade reflected its estimation of bank credit worthiness over the next 12-18 months, adding that Spain’s “robust economic recovery” was strengthening the country’s financial institutions.
Spain, European Union’s fifth-largest economy, was hit hard by the financial crisis and only emerged from a double-dip recession at the end of 2013.
The economy has expanded for the past seven quarters and is among the fastest-growing in the EU, with a forecast 3.1 per cent rate this year.
Moody’s Investor Services’ sovereign debt rating for Spain is Baa2 with a positive outlook.
The post Moody’s raises outlook for Spain’s banks to positive, ending 7-year negative rating appeared first on Canadian Business – Your Source For Business News.
The agency said in a statement Thursday that the upgrade reflected its estimation of bank credit worthiness over the next 12-18 months, adding that Spain’s “robust economic recovery” was strengthening the country’s financial institutions.
Spain, European Union’s fifth-largest economy, was hit hard by the financial crisis and only emerged from a double-dip recession at the end of 2013.
The economy has expanded for the past seven quarters and is among the fastest-growing in the EU, with a forecast 3.1 per cent rate this year.
Moody’s Investor Services’ sovereign debt rating for Spain is Baa2 with a positive outlook.
The post Moody’s raises outlook for Spain’s banks to positive, ending 7-year negative rating appeared first on Canadian Business – Your Source For Business News.
Ontario’s OMERS pension plan to buy Kenan bulk-liquid trucking company
– canadianbusiness.com
TORONTO – An Ontario public-sector pension fund manager has agreed to buy Ohio-based Kenan Advantage Group, which operates a trucking network that delivers fuel, chemicals and liquid food to about 2,000 customers throughout North America.
OMERS Private Equity didn’t disclose how much it will pay to acquire KAG from Goldman Sachs Capital Partners and Centerbridge Partners.
It said Kenan Advantage has a good management team and long-term growth prospects that fit the investment strategy of the Ontario Municiple Employee Retirement System, which has about $72 billion of assets under management.
Kenan currently delivers fuel throughout the continental United States and in Mexico. In Canada, it has locations in Alberta, British Columbia, Ontario, Saskatcewan and Northwest Territories.
The transaction is expected to close in this year’s third quarter.
The post Ontario’s OMERS pension plan to buy Kenan bulk-liquid trucking company appeared first on Canadian Business – Your Source For Business News.
OMERS Private Equity didn’t disclose how much it will pay to acquire KAG from Goldman Sachs Capital Partners and Centerbridge Partners.
It said Kenan Advantage has a good management team and long-term growth prospects that fit the investment strategy of the Ontario Municiple Employee Retirement System, which has about $72 billion of assets under management.
Kenan currently delivers fuel throughout the continental United States and in Mexico. In Canada, it has locations in Alberta, British Columbia, Ontario, Saskatcewan and Northwest Territories.
The transaction is expected to close in this year’s third quarter.
The post Ontario’s OMERS pension plan to buy Kenan bulk-liquid trucking company appeared first on Canadian Business – Your Source For Business News.
Perfect advisor for your financial planning needs
– moneysense.ca
Picking the perfect advisor (Illustration by The Project Twins)The word “frustrating” best describes Todd Wilson’s recent experience seeking information about mutual fund investments at his bank’s local branch. Even after talking with four different staffers, he still hadn’t received the help he needed. The problem? “There was no advice,” says the Edmonton-based engineer (whose name we’ve changed to protect his privacy). Wilson was hoping to get knowledgeable second opinions on his mutual fund preferences and to hear the relative merits of investing in TFSAs vs RRSPs. But instead, he says, “their attitude was, ‘If you want to invest, let me know and I’ll do the transaction for you.’”
Wilson’s discontentment is well justified. Simply put, there’s a lot more to a proper investment process than merely picking investments. Your advisor needs to first thoroughly understand your financial circumstances, and should be someone you can turn to for sound advice at all times…
