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Millennial homebuyers and seniors among the winners of Budget 2019 + MORE Mar 24th
The Liberals’ last budget of this mandate sets the stage for the October federal election and includes a sprinkling of money for voters across a wide spectrum. But there are also gaps in spending for some groups.
Here’s what the budget does and doesn’t do, for five key voting group.... More »
Can you receive a government pension if you live outside of Canada? Jul 20th
Q. My father, who was born in 1945, left Canada to live in Thailand when was 26 years old. That was 50 years ago and he has never returned. If he comes back to Canada for one year to apply for his OAS, would he be eligible to receive a full pension? And would they be able to calculate his pension an.... More »
How to keep your holiday spending in check Dec 2nd
According to Equifax Canada data, there was a 1.9% rise in total debt per consumer at the end of the second quarter in 2019. Unsurprisingly, a recent survey commissioned by Equifax also found that 55% of Canadians say they’ll be spending less on holiday gifts this year. Hmm, I wonder why that.... More »
Registered vs unregistered accounts: Where retirees should make withdrawals + MORE May 25th
Ask MoneySense
We are in the age bracket where we need to take RRIF withdrawals every year. I am 81, and my husband is 82. We also have an unregistered account. We need to withdraw additional money to pay our expenses. We have already taken the mandatory withdrawal for this year from our RRIF. .... More »
RESP vs RRSP and TFSA: What’s the best option for education savings? Aug 31st
Welcome to Education Money, a new column that covers the questions and concerns parents and investors have about funding their child’s education. Andrew Lo, CEO of Embark, shares his thoughts and insights on how to make the most of RESPs. To kick off the column, he explains the different options C.... More »
Britain’s vote to leave the European Union was a major drag on Canada’s largest pension fund, but a recovery in stock markets has softened the blow, the new CEO of the Canada Pension Plan Investment Board said Thursday.
Hydro One Q2 profit rises 16%, revenue flat compared with last year
– canadianbusiness.com
TORONTO – Hydro One Ltd. (TSX:T) is reporting a higher second-quarter profit and flat revenue.
The Toronto-based company — which was wholly owned by the Ontario government until last year — says its net income was $152 million, up 16 per cent from the second quarter of 2015.
Revenue barely changed, slipping to $1.55 billion from $1.56 billion.
The electricity distributor says its profit was helped by several factors, including lower bad debt expenses and a drop in costs for outsourcing support services.
The company also expects its pension contributions will go down but there will be a corresponding decline in revenue from electricity customers.
Hydro One’s earnings per share dropped to 25 cents from 27 cents last year. Adjusted earnings were 26 cents per share, up from 22 cents per share last year.
The province sold more of its Hydro One shares during the quarter but continues to be its majority stockholder, with 70.1 per cent of common equity.
The post Hydro One Q2 profit rises 16%, revenue flat compared with last year appeared first on Canadian Business – Your Source For Business News.
The Toronto-based company — which was wholly owned by the Ontario government until last year — says its net income was $152 million, up 16 per cent from the second quarter of 2015.
Revenue barely changed, slipping to $1.55 billion from $1.56 billion.
The electricity distributor says its profit was helped by several factors, including lower bad debt expenses and a drop in costs for outsourcing support services.
The company also expects its pension contributions will go down but there will be a corresponding decline in revenue from electricity customers.
Hydro One’s earnings per share dropped to 25 cents from 27 cents last year. Adjusted earnings were 26 cents per share, up from 22 cents per share last year.
The province sold more of its Hydro One shares during the quarter but continues to be its majority stockholder, with 70.1 per cent of common equity.
The post Hydro One Q2 profit rises 16%, revenue flat compared with last year appeared first on Canadian Business – Your Source For Business News.
Canada Pension Plan Under Financial Pressure
– walletpop.ca
TORONTO — Britain’s vote to leave the European Union was a major drag on Canada’s largest pension fund, but a recovery in stock markets has softened the blow, the new CEO of the Canada Pension Plan Investment Board said Thursday.
Mark Machin, who became the CPPIB’s president and CEO just 10 days before the June 23 referendum, said the Toronto-based fund manager was faced with incredible market volatility after the “leave” side scored its unexpected victory.
“It was a very sharp lurch down in equity markets — anywhere from five to 20 per cent in major markets,” Machin said in an interview. “There was (also) a very big move in the U.K. pound. That was the second major impact.
“The pound’s still down, whereas equity markets have bounced back.”
People hold banners during a “March for Europe” demonstration against Britain’s decision to leave the European Union, in central London, Britain July 2, 2016. The volatility caused by Brexit has damaged the Canada Pension Plan’s investment returns…
