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The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags - MarketWatch Dec 31st
The ‘hostile’ takeover offer for cannabis company Aphria is littered with red flags MarketWatchStreetwise newsletter: Best reads of the week and year The Globe and MailAphria wrestles with hostile takeover bid by Ohio-based company Windsor StarAphria says hostile.... More »
3 bank stocks I plan to buy more of in 2018 + MORE Jan 17th
Save, invest, prosper with My Own Advisor.
3 bank stocks I plan to buy more of in 2018 The Bank of Canada has hinted more interest rate increases are coming in 2018, and that means opportunities to invest. Personally, I like bank stocks and the financial sector if rates rise. You see, historically.... More »
Sears to close 78 stores this summer + MORE Apr 21st
NEW YORK, N.Y. – Sears Holdings Corp. will close another78 stores —68 Kmart units, and 10 Sears stores — as it looks to restore profitability.
That accounts for about 5 per cent of its store base, which is nearly 1,700 stores.
The ailing company, based in Hoffman Estates, Illinois, had sai.... More »
The best GIC rates in Canada for 2025 May 5th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
How to Time Your Student Loan Payback + MORE Feb 27th
How should you schedule your student loan payments? Should you get rid of student debt as early as possible? To answer that, first look at all of your needs and financial obligations. Then weigh your options and choose the right payment plan.
Should You Pay Off Your Student Loans Early?
Image via Fl.... More »
Hydrogen-fuelled cars back on the horizon as technology improves, costs drop
– canadianbusiness.com
CALGARY – Automakers and fuel cell developers say the hydrogen-powered age is almost here — again.
Hyundai now has a hydrogen-fuelled vehicle available in Canada, and Toyota wants to introduce theirs here too, while Canadian fuel cell developers that include Ballard Power Systems and Hydrogenics have been busy putting their product in everything from trains to buses and forklifts.
A fuel cell produces electricity through a chemical reaction, but without combustion. It converts hydrogen and oxygen into water, and in doing so, creates electricity.
“There has been a big change, particularly in the past year,” said Eric Denhoff, president of the Canadian Hydrogen and Fuel Cell Association.
But this is hardly the first time proponents have been excited about the technology.
Back in the late ’90s, the world’s carmakers made big promises that they would soon mass-produce cars that would emit nothing more than water vapour as exhaust.
Vancouver’s Ballard and Mississauga’s Hydrogenics rode that wave of excitement, with their stock prices climbing into the hundreds of dollars…
Hyundai now has a hydrogen-fuelled vehicle available in Canada, and Toyota wants to introduce theirs here too, while Canadian fuel cell developers that include Ballard Power Systems and Hydrogenics have been busy putting their product in everything from trains to buses and forklifts.
A fuel cell produces electricity through a chemical reaction, but without combustion. It converts hydrogen and oxygen into water, and in doing so, creates electricity.
“There has been a big change, particularly in the past year,” said Eric Denhoff, president of the Canadian Hydrogen and Fuel Cell Association.
But this is hardly the first time proponents have been excited about the technology.
Back in the late ’90s, the world’s carmakers made big promises that they would soon mass-produce cars that would emit nothing more than water vapour as exhaust.
Vancouver’s Ballard and Mississauga’s Hydrogenics rode that wave of excitement, with their stock prices climbing into the hundreds of dollars…
This undervalued stock is poised to ride out choppy economic waters
– theglobeandmail.com
Company's fiscal 2016 results were solid, its outlook for 2017 is promising – and right now its stock looks undervalued
Brokerage, insurance watchdogs reach deal over discipline process
– theglobeandmail.com
Agreement ensures that investment professionals who face disciplinary action by one regulator are also reviewed by the other
Retirement case study – can they do it in 10 years?
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
I recently read a profile in The Globe about a couple wondering if they could retire in another 10 years. I’ll offer my take on their plans and a comparison to our own.
The Bio:
I recently read a profile in The Globe about a couple wondering if they could retire in another 10 years. I’ll offer my take on their plans and a comparison to our own.
The Bio:
David, 52, and Ruth, 50.
David got severed from his job after 25 years a couple of years ago. He’s back working.
Ruth has a government job, full defined benefit pension plan.
The Math:
Assets > $2 million:
bank accounts $22,000; stocks (mainly stock in his former employer) $58,000; combined TFSAs $72,000; combined RRSPs $321,000; estimated value of his pension $750,000; estimated value of her pension $250,000
home $470,000; cabin $125,000.
Liabilities = $0.
The Dream:
David and Ruth are wondering whether they can quit work – David at age 62 and Ruth at 60 – and still maintain their lifestyle.
Can they retire in 10 years?
I would hope so…
With no debt, I think David and Ruth are in outstanding financial shape. This is because they have a generous cash bank account, decent RRSP assets but most importantly, $1 million worth of vested pensions in their 50s…
Quebec engineering pioneer Bernard Lamarre dies at 84 years of age
– canadianbusiness.com
MONTREAL – Bernard Lamarre, a pioneer in Quebec’s engineering industry and a former head of Lavalin, died on Wednesday at the age of 84.
Lamarre contributed to various major construction projects in Montreal, including the Olympic Stadium, Complexe Desjardins and the Louis-Hyppolite Lafontaine tunnel.
He was also involved in the massive James Bay hydroelectric development in the 1970s. Lavalin’s contract truly launched the company, while the overall project highlighted Quebec expertise in dam-building and the transport of electricity.
In 1972, Lamarre became president of the Lalonde, Lamarre, Valois et Associes engineering firm, which then changed its name to Lavalin.
Under his helm, the company expanded its activities into the rest of Canada as well as onto the international stage.
That allowed the firm to obtain contracts in more than 50 countries, including Algeria and South Africa. At the beginning of the 1980s, Lavalin accelerated its diversification into various sectors, including petrochemicals, public transit and real estate…
Lamarre contributed to various major construction projects in Montreal, including the Olympic Stadium, Complexe Desjardins and the Louis-Hyppolite Lafontaine tunnel.
He was also involved in the massive James Bay hydroelectric development in the 1970s. Lavalin’s contract truly launched the company, while the overall project highlighted Quebec expertise in dam-building and the transport of electricity.
In 1972, Lamarre became president of the Lalonde, Lamarre, Valois et Associes engineering firm, which then changed its name to Lavalin.
Under his helm, the company expanded its activities into the rest of Canada as well as onto the international stage.
That allowed the firm to obtain contracts in more than 50 countries, including Algeria and South Africa. At the beginning of the 1980s, Lavalin accelerated its diversification into various sectors, including petrochemicals, public transit and real estate…
