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Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th
Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other.
The first can be regarded .... More »
What’s the best way of using your home equity during retirement? Nov 9th
Not sure how to make a retirement plan? Read on...
What’s the best way of using your home equity during retirement? - thestar.comContinue Reading On thestar.com »Getting the most out of your Retirement Plan in Canada can be tricky - let us help! Visit our Retirement page for.... More »
How to avoid tax-payment nightmares when RRIF withdrawals start Sep 29th
One thing salaried employees take for granted is the automatic deduction of taxes “at source.” They receive their regular paycheque with “net” or after-tax deposits that go directly into their bank accounts. The consolation is that come tax time there should be no unpleasant surprises in the.... More »
How to plan for retirement when you have no pension Nov 22nd
In years past retirement planning was relatively easy. Fifty years ago, more than half of working Canadians, and an even higher proportion of men, could fall back on a corporate or union pension plan as their main source of income in retirement.
That’s no longer the case. Just 38% of paid work.... More »
CPP payment dates this year, and more to know about the Canada Pension Plan + MORE Aug 30th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... 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…
