I casually keep an eye on a number of preferred shares that might be worthwhile to add to my Rate reset preferred share ladder?. One such name is MFC.PR.K, which had an interesting trading pattern yesterday
Source: Yahoo! Finance.
It opened at $22.59 on volume of 400 shares IIRC, nice stink bid someone.
Search found 9610 matches
- 24 Jan 2018 09:43
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Stink Bids
- Replies: 53
- Views: 11328
- 24 Jan 2018 08:39
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Canadian National Railway (Symbol-CNR)
- Replies: 198
- Views: 64393
Re: Canadian National Railway (Symbol-CNR)
In the past 'What might you buy' topics, the idea of buying CNR on a dip comes up periodically. Perhaps that might happen this morning.
From my quick read of the headlines surrounding CN reports Q4-2017 and full-year financial results it would appear that CN misses Street 4Q forecasts and perhaps there will be a dip today.
Disclosure: Long-time CNR shareholder who has no plans to buy/sell any shares in the immediate future. They are well managed, diversified and fiscally conservative in their guidance.
From my quick read of the headlines surrounding CN reports Q4-2017 and full-year financial results it would appear that CN misses Street 4Q forecasts and perhaps there will be a dip today.
Disclosure: Long-time CNR shareholder who has no plans to buy/sell any shares in the immediate future. They are well managed, diversified and fiscally conservative in their guidance.
- 24 Jan 2018 07:09
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: NXR.UN - Nexus REIT
- Replies: 3
- Views: 318
Re: NXR.UN - Nexus REIT
In case you (or others) haven`t found it, there is a topic dedicated to discussion of Cominar CUF.UN.
- 23 Jan 2018 19:15
- Forum: Retirement, Pensions and Peace of Mind
- Topic: Wills, notification of death and probate
- Replies: 165
- Views: 12349
Re: Wills, notification of death and probate
Thanks for providing this update. Very interesting and somewhat complicated.
- 23 Jan 2018 09:40
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: CARA Operations (TSX:CARA)
- Replies: 11
- Views: 998
Re: CARA Operations (TSX:CARA)
In the news today with the announcement that Cara Operations to merge with Keg Restaurants Ltd. . Of potential interest of shareholders in the Keg Royalties Income Fund ("The Fund") (KEG.UN) which gets periodic mention here on FWF but doesn't seem to have a dedicated topic (yet??) The Fund will remain in its current form and will continue to receive royalties from Keg restaurants operated by KRL following the merger. The trustees of the Fund have considered the effect of the transaction on the interests of the Fund's unitholders and the rights of The Keg Rights Limited Partnership under its agreements with KRL, which will be preserved without modification. I checked News | The Keg Royalties Income Fund and they haven't posted anyt...
- 22 Jan 2018 19:11
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Put Some Assets In Questrade?
- Replies: 11
- Views: 839
- 18 Jan 2018 21:49
- Forum: Taxing Situations
- Topic: Capital gains on principle residence
- Replies: 12
- Views: 791
Re: Capital gains on principle residence
Welcome to FWF.
WIth the caveat that I am not an accountant. There is no gift tax in Canada and attribution on transfers of capital property, i.e. perhaps the down payment, consists only of the income generated, not any capital gains. Since this is your principle residence and you are asking about the capital gain on a potential sale, I don't believe there are taxable capital gains in the circumstances you describe. You might want to review CRA's new reporting rules, Reporting the sale of your principal residence for individuals (other than trusts) - Canada.ca.
See also Jamie Golombek: The dos and don’ts of tax-free gifts in Canada | Financial Post and TaxTips.ca - Gifts and inheritances - When are they taxable?.
WIth the caveat that I am not an accountant. There is no gift tax in Canada and attribution on transfers of capital property, i.e. perhaps the down payment, consists only of the income generated, not any capital gains. Since this is your principle residence and you are asking about the capital gain on a potential sale, I don't believe there are taxable capital gains in the circumstances you describe. You might want to review CRA's new reporting rules, Reporting the sale of your principal residence for individuals (other than trusts) - Canada.ca.
See also Jamie Golombek: The dos and don’ts of tax-free gifts in Canada | Financial Post and TaxTips.ca - Gifts and inheritances - When are they taxable?.
- 18 Jan 2018 17:10
- Forum: Taxing Situations
- Topic: Interest on Spousal Loan
- Replies: 17
- Views: 4018
Re: Interest on Spousal Loan
A reminder for those with spousal loan agreements in place that the annual interest payment is due by the end of January 30th.
For those that are considering a spousal loan as an Income splitting technique, you might want to move soon. The Canada Revenue Agency (CRA)'s Interest rates for the first calendar quarter - Canada.ca indicate the prescribed rate is 1% and given the Bank of Canada rate increases that have been happening, I'd hazard a guess that going forward we might well have seen the bottom on this rate for a while.
For those that are considering a spousal loan as an Income splitting technique, you might want to move soon. The Canada Revenue Agency (CRA)'s Interest rates for the first calendar quarter - Canada.ca indicate the prescribed rate is 1% and given the Bank of Canada rate increases that have been happening, I'd hazard a guess that going forward we might well have seen the bottom on this rate for a while.
- 17 Jan 2018 10:04
- Forum: Financial News, Policy and Economics
- Topic: Has your Investment Policy Changed After the US Election
- Replies: 99
- Views: 9787
Re: Has your Investment Policy Changed After the US Election
The data in NormR's Periodic Table of Annual Returns for Canadians for 2017 shows EM - 28.7% EAFE - 17.4 S&P 500 - 13.4 S&P/TSX - 9.1 Yes, but Trump wasn't elected on Jan 1, 2017. All in CAD Indeed. Fair enough. Your previous post showing returns had a mix of USD and CAD so I went to the quickest source I knew to gather another datapoint all in CAD. It is also one of the problems when comparing returns and other such data, picking slightly different starting and endpoint dates can change the resultant data to the point of making it less reliable as a resource for making a judgement call. The mutual fund advertising industry has gotten this fact down to a science :twisted: to the detriment on investors who don't 'trust but verify'.
- 17 Jan 2018 09:10
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: What's wrong with Canadian market?
- Replies: 16
- Views: 1350
Re: What's wrong with Canadian market?
From my perspective that is the best approach. It is fairly easy to reduce the lack of sector diversification in the Canadian market by investment in the US market.
Studies have shown that many investors knowingly or unknowingly exhibit a Home country bias that should be understood and acted upon.
- 17 Jan 2018 07:11
- Forum: Financial News, Policy and Economics
- Topic: Has your Investment Policy Changed After the US Election
- Replies: 99
- Views: 9787
Re: Has your Investment Policy Changed After the US Election
The US market is absolutely on fire right now, in spite of Trump. I know the above quote is from an older post but Paraphrased from the article linked below Trump removed a lot of Obama's regulations that were effectively smothered the economy and signed the first comprehensive tax reform in 3 decades. The USA has now had 3 consecutive quarters of near 3% growth. Something no one predicted he could do :-o except, somehow, the markets. Yabbut ... Since USA elected Trump a little over a year ago, the returns with dividends are: EAFE ~ 28% (in USD) USA ~ 27% (in USD) Canada ~ 14% (in CAD) The data in NormR's Periodic Table of Annual Returns for Canadians for 2017 shows EM - 28.7% EAFE - 17.4 S&P 500 - 13.4 S&P/TSX - 9.1 All in CAD. It...
- 16 Jan 2018 22:10
- Forum: Community Centre
- Topic: RIP 2018
- Replies: 110
- Views: 3679
Re: RIP 2018
I'm admit I didn't immediately relate to the name, Dolores O’Riordan, Lead Singer of the Cranberries, Dies at 46 - The New York Times. Then I heard the voice and then instantly recognized who we had lost.
I didn't realize that she had a Canadian connection, apparently she spent lots of time in Ontario cottage country with her ex-husband and children.
I didn't realize that she had a Canadian connection, apparently she spent lots of time in Ontario cottage country with her ex-husband and children.
- 16 Jan 2018 09:40
- Forum: Property: Owning, Renting, Managing, Investing and Mortgaging
- Topic: Home insurance with secondary or seasonal property coverage
- Replies: 3
- Views: 2825
Home insurance with secondary or seasonal property coverage
My parents have their principle residence in Ontario and also own a summer use cottage in Ontario. The cottage is opened on the May long weekend and closed on the Thanksgiving weekend. During the summer my parents spend most of their time at the cottage. The cottage is never rented out. During the winter, we have locals occasionally visit and clear snow of the boathouse roof as necessary. The cottage is very rustic and was built in the 1920's (or possibly earlier). We own a 19' boat that we keep at the cottage and maintain our own separate policy on the boat. Over the past year my parents have been reviewing their existing insurance policies (Allstate and State Farm) and have been reducing their costs by using a broker and other insurers. S...
- 15 Jan 2018 00:04
- Forum: Financial Planning and Building Portfolios
- Topic: Net Present Value / Intrinsic Value
- Replies: 6
- Views: 476
Re: Net Present Value / Intrinsic Value
Welcome to FWF.
Perhaps if you provided links to those websites there would be more context to attempt to figure out what you are asking and why it is so confusing.BargainHunter99 wrote: ↑14 Jan 2018 23:28 The first example, I see on websites when talking about net present value. The second example I see on websites when talking about intrinsic value.
- 14 Jan 2018 23:08
- Forum: Taxing Situations
- Topic: US Resident Moving to Canada - Deemed Acquisition Question
- Replies: 3
- Views: 233
Re: US Resident Moving to Canada - Deemed Acquisition Question
Welcome to FWF. I cannot provide any specific knowledge on your questions but I know there are others here who have experience in these matters.
You might also want to review our wiki article, Cross-border and expatriate issues, that covers some of the logistics that you might need to consider.
You might also want to review our wiki article, Cross-border and expatriate issues, that covers some of the logistics that you might need to consider.
- 14 Jan 2018 10:09
- Forum: Financial Planning and Building Portfolios
- Topic: US citizen working in Canada - what to put in RRSP?
- Replies: 2
- Views: 205
Re: US citizen working in Canada - what to put in RRSP?
Welcome to FWF. Looks like you've done quite a bit of homework, thank you. considering that I can only contribute to 3 accounts going forward (US tax-free, US taxable, and RRSP), which funds should go where? I would think you could also establish a taxable account in Canada. You don't mention it but I'm going to guess that you've probably also read Taxation as a US person living abroad - Bogleheads , particularly the section on Canadian tax advantaged accounts. One idea I had was to use my RRSP to invest in Canadian bonds. The idea being that the fees involved with Canadian bonds might be lower than those of Canadian mutual funds. If I did this, then I could devote more of my US accounts to the unbeatably low-fee stock indexes, and graduall...
- 14 Jan 2018 09:03
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: Sears Canada (Symbol-SCC)
- Replies: 75
- Views: 5143
Re: Sears Canada (Symbol-SCC)
I haven't even been tempted to visit a store, although I did have to walk through one over Christmas to change floors at the local mall. What a disaster. The final day is now here Final Sears Canada stores shuttered for good - CBC News All remaining Sears Canada stores will close their doors for good on Sunday, including 17 in Ontario. The department store chain had been in business in Canada since 1953, but struggled in recent years to adapt to the internet age. IMHO it wasn't adapting to the internet age that was their core problem, that's just an easy excuse. And don't try the Walmart invasion killed the sector because look how Canadian Tire has flourished since Walmart arrived and was supposed to kill the Canadian general goods retailers.
- 13 Jan 2018 14:38
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2016-2021)
- Replies: 647
- Views: 78572
Re: Best Credit Card (2016-2018)
Ultimately the 'best credit card' will depend on the circumstances, requirements and usage patterns of the card holder(s). I don't believe we will ever get back to the one-size fits all credit card. That one has long ago left the barn. The marketing wizards at the financial institutions are always cooking up a new and improved 'best credit card'.
Some people want cash back as their benefit, some want low-cost or no-cost foreign exchange, some want travel benefits, etc. As is the case for more financial transaction, I would suggest the goal is to be the informed end user who has done their research and selects card(s) that meet their needs and wants, at the lowest possible cost.
Some people want cash back as their benefit, some want low-cost or no-cost foreign exchange, some want travel benefits, etc. As is the case for more financial transaction, I would suggest the goal is to be the informed end user who has done their research and selects card(s) that meet their needs and wants, at the lowest possible cost.
- 13 Jan 2018 08:35
- Forum: Under the Mattress: Protecting Your Money
- Topic: Important change to the Amazon.ca Rewards Visa Card program
- Replies: 154
- Views: 19726
Re: Important change to the Amazon.ca Rewards Visa Card program
A dedicated topic to discuss dealing with Chase's decision to close the Amazon Visa card and how it will impact those holding/using the card does seem to make sense. What card best replaces the Chase Amazon Visa would be part of that discussion.
- 13 Jan 2018 08:29
- Forum: Under the Mattress: Protecting Your Money
- Topic: Best Credit Card (2016-2021)
- Replies: 647
- Views: 78572
Re: Best Credit Card (2016-2018)
A number of posts have been split into a dedicated topic, Important change to the Amazon.ca Rewards Visa Card program. because
Chase website wrote:As of March 15, 2018, Chase will be closing all Amazon.ca Rewards Visa Card accounts.
- 12 Jan 2018 18:43
- Forum: Stocks, Bonds, ETFs, Funds, REITS and More
- Topic: What did you sell? What might you sell? (2018)
- Replies: 257
- Views: 28332
- 11 Jan 2018 17:14
- Forum: Financial Planning and Building Portfolios
- Topic: How Did You Do in 2017?
- Replies: 111
- Views: 6847
Re: How Did You Do in 2017?
A number of posts have been moved to Lessons learned and mistakes made as they cover mistakes and lessons from previous years.
- 11 Jan 2018 08:42
- Forum: Community Centre
- Topic: good reads
- Replies: 70
- Views: 5341
Re: good reads
Which version are you reading? Did you consider Fire and Fury mix-up lands U of T professor back on bestseller list - The Globe and Mail
- 11 Jan 2018 08:40
- Forum: Financial Planning and Building Portfolios
- Topic: $450K to invest for six months -- what would you do?
- Replies: 31
- Views: 2661
Re: $450K to invest for six months -- what would you do?
Given the short term nature I wouldn't take any additional risk. I'd just hold my nose and accept the essentially risk-free return of a HISA or equivalent such as commercial paper.
No-one has an accurate crystal ball but it is worth considering that the current bull market is very long in the tooth. If/when it corrects is anyone's guess, but I wouldn't want to expose funds that are required in six months to anything but something that guaranteed return of capital versus taking on risk with the goal of return on capital. In the short run, any return on capital is essentially a bonus.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” -- Ben Graham.
No-one has an accurate crystal ball but it is worth considering that the current bull market is very long in the tooth. If/when it corrects is anyone's guess, but I wouldn't want to expose funds that are required in six months to anything but something that guaranteed return of capital versus taking on risk with the goal of return on capital. In the short run, any return on capital is essentially a bonus.
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” -- Ben Graham.
- 10 Jan 2018 11:55
- Forum: Under the Mattress: Protecting Your Money
- Topic: Where to park USD cash?
- Replies: 180
- Views: 28077