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Investing Tips

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Plan your future.

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Small Business.

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Even momentum comeback can’t save quants

By some measures, equity quantitative funds in the United States should be thriving. But they’re not.

Their fundamental counterparts are having a banner year. Stock correlations are at all time lows and clearer market trends are breathing life back into the momentum trade, a strategy among equity quants that bets the winners will keep winning. As those shares chart increasingly independent paths from the losers, equity fund managers are recording their strongest performance in five years, data compiled by JPMorgan Chase show. read more

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The contrarian Perspective on dividend-paying stocks

Investors tend to see companies that pay dividends as dull, but dependable, stewards of shareholder funds, but there are an assortment of reasons why those payouts are not necessarily the best indication of a strong firm.

Dividends and stock buybacks are the basic demands of activist investors in the last few decades as they push company managers to uncover more value for investors. These are often vulnerable supervisors who’ve been struggling to unlock expansion. Take General Electric Co. for instance, a U.S. stalwart that lots of fear is going to slash its dividend after falling short of third-quarter profit expectations. With a return of 4.8 percent, GE’s dividend appears to be appealing, but the firm has been fighting with restructuring, weakness in management and operations upheaval. read more

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Toronto eyes new tax Course that could spell relief for small Companies

The City of Toronto is exploring the notion of making a new property-tax course that could provide relief for small businesses facing soaring assessments and tax bills. This follows moves to make a similar strategy to assist cultural hubs in the city.

Quick redevelopment coupled with an assessment model that values properties with smaller buildings the same as ones with larger developments are causing challenges for small business owners.

“I am being asked to cover the building’s hypothetical price, which has not yet been accomplished,” says Frédéric Geisweiller, owner of Le Sélect Bistro in downtown Toronto. read more

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A 6.8 Percent dividend yield that Is actually safe

I enjoy dividend increases. I enjoy it even more when a company vows to boost its dividend for many years into the future.

Case in point: Capital Power Corp..

In July, the independent power producer not only increased its dividend by 7.1 percent — its fourth consecutive yearly increase — but extended its 7-per-cent yearly dividend growth advice by two decades, towards the end of 2020.

The projected hikes still require board approval, mind you, but Edmonton-based Capital Power probably would not be making these promises unless it was convinced it could deliver. read more

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New disclosure form makes it easier for small Companies to compare loans

As alternative lenders for small businesses look to expand their market share in Canada, a number have banded together to bring more transparency to an industry sometimes criticized for taking advantage of borrowers.

Seven non-bank lenders, acting within the newly minted Canadian Lenders Association, will shortly be using a standardized disclosure form which makes it easier for borrowers to determine how much they are actually paying for financing.

Instead of having crucial information scattered throughout a compact multipage loan arrangement, the “Smart Box” brings all applicable payment details into one sheet. The expectation is that the standardized form will make it easier for borrowers to compare different lenders’ rates by factoring in both fees and interest. read more

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Metal bulls multiply as International economic engine fires up

International expansion is on a tear, and that can only be positive for metals prices.

That is the message coming out of the industry forward of LME Week. For the first time in years, optimism is widespread amongst traders, smelters, miners and agents gathering in London, buoyed by a combination of strong growth throughout the planet’s key demand centers, provide curbs in China and a return of investor interest.

“The global economy looks far better than it’s done probably since the catastrophe — possibly before that,” said Saad Rahim, chief economist at Trafigura Group PTE, the second-largest metals dealer. “I’m pretty bullish.” read more

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As Trump tax comes to Flooring, failure could spell stocks selloff

Investors are increasingly pricing at the impact of a corporate tax cut to the stocks of U.S. companies, leaving the market ready for a steep sell-off if the Republican-controlled Congress fails to pass among U.S President Donald Trump’s top priorities.

The grade Samp;P 500 is up about 6 percent from its August lows since the Trump government has rolled out its tax reform proposal, which would cut corporate taxes to 20 percent from the current 35 percent and permit businesses to bring back some of the $2.6-trillion (U.S.) in cash now held overseas at reduced rates. read more

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Bullish on Xerox

Xerox Corp. dropped from $37.83 to $22.34 (A-B) below its decreasing 40-week Moving Average (40wMA) and under a falling trend-line (dotted line). The inventory found support at ±$23 (dashed line) and then rallied above the falling trend-line and over its 40wMA to reach $30.76 (C). Following a correction to support in the climbing trend-line (solid line) and in its own 40wMA (D), Xerox declared the up-trend (E). This price action signalled renewed investor interest and the beginning of a new up-leg toward greater targets. A slight decline may occur toward ±$31, but just a sustained decline below ±$29 would be negative. Point amp; Figure measurements provide goals of $36 and $39. Higher targets are observable. read more

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Fed up with stocks, Canadian hedge fund turns to PE, Profits 88 Percent

The director of Canada’s top-performing hedge fund claims ETFs have made it tough to make money in stocks that are small-scale, so he is shifting his focus on private equity instead.

Toronto-based Goodwood Inc., with roughly $100-million under control, was a double winner in Canada’s most important hedge fund awards this month. Its SPValue Fund won Choice IQ’s award for the best one-year return in the equity class, with an 88-per-cent profit, and its Milford Fund won for best last-minute yield in the credit group, with an yearly 9.8-per-cent gain. read more

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Five unanswered questions about the Liberals’ proposed small-business tax changes

Small-business owners remain in limbo over how Ottawa’s latest proposed tax changes will affect their livelihoods. While the federal Liberal government recently removed some of the controversial proposals tabled in July, there’s still uncertainty around pending changes to income sprinkling and a cap on passive investments.

Ottawa says it’s moving ahead with plans to stop income sprinkling for family members who aren’t “meaningfully” contributing to the business and promises to “simplify” the proposal in the weeks ahead. The government is also planning to put a higher tax on passive investment income in an incorporated business that exceeds $50,000 each year. Ottawa wants the income sprinkling rule to start on Jan. 1, 2018 and says the draft legislation for the passive income changes will be released in the upcoming federal budget, which is usually released in between February and April. read more

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