Pressure mounts on Hudson’s Bay as shareholders back activist push + MORE Jul 10th

The Canadian dollar continued its momentum today amid expectations that the Bank of Canada appears poised to hike its interest rate later this week for the first time in seven years.
The loonie has been steadily gaining ground in recent days, and in late morning trading was at 77.70 cents US, up from Friday’s average price of 77.60 cents US.
On Bay Street, the Toronto Stock Exchange’s S&P/TSX composite index was up 19.21 points to 15,046.37, buoyed by mining stocks, after 90 minutes of trading.
In New York, the Dow Jones industrial average gained 13.14 points to 21,427.48, the S&P 500 index added 3.39 points to 2,428.57 and the Nasdaq composite index climbed 13.74 points to 6,166.82.
The August crude contract was up 36 cents to US$44.59 per barrel and the August natural gas contract was up eight cents to US$2.94 per mmBTU.
The August gold contract was up $2.20 to US$1,211.90 an ounce and the September copper contract was down one cent at US$2.64 a pound.
The post Canadian dollar continues its momentum ahead of Bank of Canada rate announcement appeared first on Canadian Business – Your Source For Business News.

Activist investor Jonathan Litt and his company Land & Buildings have called on the retailer to unlock value in its real estate portfolio

(THE CANADIAN PRESS/Sean Kilpatrick)
Recent media stories have stirred interest in the Canada Revenue Agency’s quest to recoup $75-million in tax revenue from investors who are reaping major gains from offside trading practices with their Tax-Free Savings Accounts (TFSAs).
Any time the CRA gets worked up about collecting unpaid taxes, people tend to get nervous. Should you be worried if you took a big successful punt on a penny stock and you are sitting on a ten-bagger? Highly unlikely.
Those attracting the attention of the CRA are a tiny subset of investors who might be not only betting on high-fliers but also likely trading in their accounts full time as well and are actually investment professionals. If the taxman is after you and your TFSA, it’s much more likely because you contributed beyond your legal limit than because you’re a wildly successful investor. (Unless your TFSA is worth a million bucks, but we’ll get to that shortly…)
Want to be 100% sure you’re not offside? Let’s revisit the rules…

The 10 Safer Canadian Dogs form a nice little portfolio of large high-yield stocks. But many income investors want more. That’s why I cast a wider net this week in an effort to catch a big dividend bonanza.

SKIP AHEAD
Safer Canadian Dogs

I wasn’t looking for small fry, which is why I started with companies listed on the TSX with revenues (over the last 12 months) in excess of $1 billion and market capitalizations (share price times shares outstanding) in excess of $1 billion. Both are measures of size with one focused on operations and the other on the market’s view of a firm’s worth.
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Next I threw back firms that didn’t earn enough over the last 12 months to cover the dividends they expect to pay over the next 12 months. Doing so removes a few turnaround candidates, which may—or may not—actually turnaround. The idea is to try to stick to safer stocks.
Finally, I looked for stocks with dividend yields in excess of 3% and below 6%…

When RBC entered the ETF marketplace back in 2011, it tested the waters with a family of specialized bond ETFs. Since then they’ve created a number of equity ETFs, all with active strategies. However, RBC recently filed a preliminary prospectus for a new family of plain old index ETFs covering the core asset classes you’ll find in a classic Couch Potato portfolio.
Normally the appearance of more “me too” ETFs wouldn’t be newsworthy, but RBC’s entry is interesting for a couple of reasons. First, the new lineup will include at least one unique product: a global bond ETF. And second, it will significantly improve the bank’s lineup of index mutual funds.
I’ll explain the how this affects RBC’s mutual funds in a moment. For now let’s look at RBC’s seven new ETFs, which will hit the market in early September. The four equity ETFs are traditional cap-weighted funds of large and midcap stocks:

ETF name
Ticker
Benchmark index

RBC Canadian Equity Index ETF
RCAN
FTSE Canada All Cap Domestic Index

RBC U…