Personal

It is a universal element of the human condition that we seek out individuals who are similar to ourselves. People who share our values, traditions, culture, religious beliefs, political leanings, and even entertainment preferences. The upside of this type of behaviour is that we tend to lead more enjoyable lives and feel more fulfilled because we are surrounded by others who validate our existence. The downside is that we lead more sheltered lives with little adventure since we don’t feel the...
The U.S. State Department’s approval of the Keystone XL pipeline on Friday concludes a bitter political battle that stretched on for more than eight years. Calgary-based TransCanada Corp. first filed its application to build the project in 2008. Since then, the proposal was met with a slew of lawsuits, regulatory snags, protests and political jockeying. The project still has several hurdles to clear before the company can actually move ahead with construction. It will need to secure several st...
While this week’s federal budget didn’t contain much in terms of meaningful tax policy announcements, let’s take a closer look at a couple of changes that may be of interest to investors or small business owners. Investors Investors are no-doubt pleased that Mr. Morneau didn’t increase taxes on capital gains in this week’s federal budget, although in a post-budget interview, he said he isn’t completely ruling out changes in the future. The budget did, however, attack a more sophistic...
I know that Ted Rechtshaffen is a smart fellow. That is why it pains me to refute his recent Counterpoint in which he explained why it makes sense to start CPP at 60. The actuarial math clearly shows that CPP at 70 is worth a lot more, at least if one is using a discount rate of 1 per cent. To be clear, when I say I used a 1 per cent discount rate, I mean 1 per cent after inflation. If inflation averages 2 per cent, then a 1 per cent real discount rate translates into a nominal discount rate of ...
In his first year as chief executive of online gambling company Amaya Inc., Rafi Ashkenazi has made careful moves. Now his appetite for risk is growing. Promoted after founder David Baazov stepped down amid insider trading charges and poor earnings performance, Ashkenazi has focused on paying down debt, installing a new management team and lessening the company’s exposure to the unstable online-poker business. His pragmatic style of management has helped him regain investors’ co...
One of the biggest days of the year for any head of an advocacy organization is federal budget day (a colleague of mine calls it the lobbyist’s Christmas). While most lobby groups are anxious to learn how much the government will spend on them or their cause, my group – the Canadian Federation of Independent Business (CFIB) – is primarily focused on how much of their own income Ottawa will let our members keep.   Last Wednesday’s budget was a dramatic improvement over last year...
Cenovus Energy Inc. was upgraded to buy at TD Securities, while it’s much smaller peer in the Alberta oil patch, MEG Energy Corp., was downgraded to hold. Calling Cenovus a “chronic underperformer,” TD analyst Menno Hulshof sees an attractive entry point with the stock down 17 per cent so far in 2017. He thinks this pullback is difficult to justify, particularly since the company’s peers and the S&P/TSX Capped Energy Index are down just seven per cent and 11 per cent, respectively, y...
Mike Faille/National Post Situation: 56-year-old sidelined by bankruptcy of his employer worries he’ll have to sell his house Solution: Taxable savings, registered investments, later CPP and OAS will sustain, him house and all At the age of 56, Cliff, as we’ll call him, is in a tough spot. His employer recently announced it would be forced to liquidate its business. In spite of decades of experience in his field of inventory management, Cliff worries he won’t get another job. He fears that...
A rebound in exploration by global miners could see spending hit C$24 billion by 2025 with China the front runner in the search for a new generation of giant discoveries. Exploration budgets are rising after they plunged to an 11-year low of about C$13.3 billion last year as mining companies slashed costs in the wake of a collapse in prices, according to Richard Schodde, managing director of Melbourne-based MinEx Consulting Pty, an industry adviser. “We are coming out of the bott...
President Donald Trump is making good on his promise to approve the Keystone XL oil pipeline — but the fight is far from over. Instead, it shifts to courtrooms, a Nebraska agency and congressional town hall meetings, where environmental activists and landowners have plotted ways to keep blocking the pipeline TransCanada Corp. has been trying to build for more than eight years. Just winning Nebraska regulators’ approval for Keystone XL’s route through the state could take ...
OTTAWA — The annual pace of inflation in Canada ticked lower in February as higher prices for gasoline were offset in part by lower costs for fresh fruit and vegetables. Statistics Canada said Friday the consumer price index rose 2.0 per cent on a year-over-year basis in February. The move compared with a 2.1 per cent increase in January. Economists had expected it rise 2.1 per cent in February as well. Prices were higher in seven of the eight major components, with food the only one to declin...
Most economies cherish startups and the entrepreneurs who start them. Quebec is on the lookout for those, and something a bit different. You could call them carry-ons. Quebec, among the most rapidly aging societies in the world, is at the forefront of a dilemma that’s looming for other developed countries as well. Small businesses are the wellspring of employment. A disproportionate share of them are owned by Baby Boomers now approaching retirement age. What happens to the companies when they ...
Apple Inc. shareholders should look for a dividend hike when the company reports third quarter results for fiscal 2017 on April 25, but they should also be listening for comments about the potential implementation of a dividend payout target. That is something that could become a reality if President Donald Trump’s administration makes it more attractive for U.S. companies to repatriate cash held overseas, according to Amit Daryanani at RBC Capital Markets. The analyst noted that large-cap tec...
Mexico is prepared for the end of the North American Free Trade Agreement if it can’t reach a deal with the U.S. and Canada that benefits all three nations, the country’s top diplomat said. President Enrique Pena Nieto’s administration is committed to keeping North America tariff-free and has set clear limits for what it can accept in negotiations with the U.S., Foreign Relations Minister Luis Videgaray said Thursday in an interview with Bloomberg TV. He added that his strong r...
TORONTO — Air Miles has posted a letter on its website warning that criminals have stolen cash miles from some of its members. The rewards program says a small number of in-store transactions with stolen cash miles has occurred in which the criminals used them to buy goods. Air Miles spokeswoman Rachael Montgomery says the manner in which the cash miles were fraudulently accessed has not compromised members’ personal information. She said the company is not sharing more specific det...
The head of one of Canada’s biggest equity funds says the bull market in stocks has room to run because dividend yields will remain attractive even if bond yields move higher. Martin Downie, manager of the C$17.2-billion Investors Dividend Fund, said there’s a persuasive case to be made for investing in stocks, even as the rise in bond yields provides an alternative for income-seeking investors. The fund jostles with the RBC Dividend Fund for title of the biggest Canadian mutual fund...
Junex Inc. (TSXV: JNX) is one of this year’s recipients of the TSX Venture 50™ — they are mainly an exploration company holding exploration licenses totaling more than 3 million acres.   [youtube=http://www.youtube.com/watch?v=g_lZjE-tsaw&w=640&h=390]   Mainly an exploration company, Junex holds exploration licenses on the southern portion of Anticosti Island and on the Galt property, located in the Galt Township on the Gaspé Peninsula. An independent evaluation per...
North America look set for a higher open, helped by higher oil prices, and ahead of a closely watched vote on a healthcare bill seen as a test of President Donald Trump’s ability to pass his legislative agenda through Congress. TransCanada’s stock was up almost four per cent in pre-market trading after the U.S. State Department approved construction of the Keystone XL pipeline. Investors fear that if Trump fails to get the Health bill through the Republican-controlled Congress, it would mea...
After more than 8 years of political haggling over its future, the Keystone XL oil pipeline running from Canada to America’s heartland has been approved by President Donald Trump, according to TransCanada Corp. .@POTUS to make announcement on #KeystoneXL at 10:15am this morning — Sean Spicer (@PressSec) March 24, 2017 The move overturns a 2015 decision by former President Barack Obama. During his campaign, Trump vowed to support energy companies and advocate for new infra...
Good morning. Editor Nicole MacAdam (@nicole_mac1) here. Keystone looks like it will finally, finally, fiiiinally be approved in the U.S., how an Alberta band lost a pipeline it desperately wanted, and Bill Morneau says he might not yet be done with measures to cool the housing market. Happy Friday, everyone — enjoy the weekend. Reports surface that Keystone is finally set for U.S. approval The U.S. State Department is expected to approve TransCanada Corp.’s Keystone XL pipeline as earl...