Home Finance

Finance

What should income investors do as dividends go out of fashion? Look to Warren Buffett

It has been a dismal year for income investors. The economic shock from COVID-19 has proved deadly for dividends, with scores of companies reducing, deferring or cancelling their payouts to investors altogether.When income stalwart Royal Dutch Shell Plc. cut its dividend for the first time since the Second World War, some said it heralded the…

DavidsTea seeks creditor protection while it closes stores and refocuses on online and wholesale sales

DavidsTea Inc. on Wednesday announced it will seek creditor protection as the struggling Canadian chain of tea boutiques retreats from bricks and mortar retail and tries to refocus on e-commerce and grocery wholesale.The Montreal-based retailer with roughly 220 tea shops in Canada and the United States said it was to appear in Quebec Superior Court…

TMX is beating New York and London as trading surge boosts stock almost 20%

The best-performing financial stock on the Toronto Stock Exchange isn’t a bank. It’s the parent company of the exchange itself, thanks to a jump in equity trading volumes.TMX Group Ltd. is the only member of the S&P/TSX Financials Index to have gained so far in 2020, climbing 19.6 per cent, while its other 24 members…

Posthaste: How to pay for the ballooning federal debt? Lower income taxes — but raise others

Good morning! Canada’s federal and provincial governments should consider raising consumption taxes and introducing digital taxes, while at the same time marginally reducing personal and corporate income tax rates to bring down the COVID-induced debt that they have accumulated these past few months, according to a new report. “Increasing consumption taxes and adding digital taxes…

Spot gold hit $1,800 today for first time since 2011 and ETF investors are snapping it up at a record pace

Gold’s allure is only getting stronger as 2020 unfolds. With spot prices briefly hitting US$1,800 an ounce Wednesday, year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009.Investors have favoured havens this year as the coronavirus pandemic rips through economies, spurring sustained inflows into gold-backed ETFs as central banks and…

We’re going to be living in a deflationary world — podcast

July 8, 20207:00 AM EDTLast UpdatedJuly 8, 20207:00 AM EDT Just a few months ago, Canadians were part of a mad scramble to obtain masks, gloves and other personal protective equipment.The shortage was so acute that policymakers started a concerted effort to build a supply chain in Canada, a process known as reshoring.On this week’s…

Massive deficit to be revealed today begins new era of debt for Canada

Prime Minister Justin Trudeau is set release his first estimate of the full cost of the multiphase effort to buffer Canada from its deepest recession since the 1930s.Trudeau’s finance minister, Bill Morneau, will provide a fiscal update Wednesday that’s expected to show a current-year deficit of at least $250 billion, or 12 per cent of…

Opinion: Trudeau can’t blame his mega-deficit entirely on the pandemic

Today the Trudeau government presents a “snapshot” of federal finances that is likely to blame this year’s historic federal deficit on COVID-19 and the recession. That’s only part of the story. The federal government shouldn’t be allowed to escape responsibility for its deficit-prone spending and borrowing decisions pre-COVID and recession.According to the Parliamentary Budget Officer…

Jack Mintz: WE isn’t the only problem with COVID support for students

The uproar over the WE Charity fiasco raises a host of issues concerning COVID-19 funding for post-secondary education that have not been properly explored. The ethics commissioner will focus on the prime minister’s potential conflict of interest. My concern is different. Why would an almost $1-billion program starting in July — halfway through students’ summers…

Luc Vallée: Two critical rules for infrastructure projects governments must follow

Governments are currently very keen on infrastructure spending to restart the economy. Though in the midst of a crisis it’s tempting to spend as quickly as possible, rigour in how infrastructure programs are implemented is essential to long-term prosperity.Two critical elements in analyzing infrastructure projects are often overlooked: the true cost of capital and long-term…

U.S. approves Pembina’s LNG project, but analysts warn ‘nothing is ever a sure thing now’

CALGARY — A liquefied natural gas export project backed by a Canadian company on the U.S. West Coast secured its final federal permits, but analysts say the proposed project still faces tremendous uncertainty.U.S. Energy Secretary Dan Brouillette issued Monday the final order authorizing export of LNG from Calgary-based Pembina Pipeline Corp.’s Jordan Cove LNG in Oregon.…

Toronto home prices soar as listings remain low, but some question how long that will last

Toronto’s real estate market appears to be roaring back to life, but some housing industry observers believe prices are being propped up by a combination of government income support programs and high-income earners who have yet to feel the economic pinch of the pandemic. “If you look at where the sales growth was in June, it…

Most Read

DHS Secretary Sets the Record Straight on Fake News on Portland Riots

Chad Wolf, acting secretary of the Department of Homeland Security, hit back at a press conference in DHS headquarters in Washington, D.C. on Tuesday against media reports that the Trump administrati…

Trump Raises $20 Million in First-Ever Virtual Fundraiser

President Donald Trump raised an eye-popping $20 million on Tuesday night in his first-ever virtual fundraiser, from a total of more than 300,000 individual donors who participated. This is a great …

ACLU: Constitution Requires Illegal Aliens Count Toward Congressional Apportionment

The American Civil Liberties Union (ACLU), as well as other migration lobbying organizations, claims it is “unconstitutional” not to count illegal aliens when apportioning congressional representatio…

US House poised to vote on reversing Trump’s Muslim ban

The United States House of Representatives is set to vote on Wednesday on legislation reversing President Donald Trump's controversial ban on immigration from Muslim countries. The bill, called the …
Business and Economic News :: Debtly