Relax. BCE’s dividend is safe – and should continue to grow

Relax.  BCE’s dividend is safe – and should continue to grow

In a recent columnyou discussed why you added more BCE Inc. ECB-T shares to your model dividend portfolio. Could you comment on the ratio of dividends to net earnings? It looks to me from a quick calculation that their dividends exceed net earnings of late. Am I’m missing something in the accounting that explains this … Read more

Canada’s Big Six banks reported fourth-quarter earnings this week. Here’s what you need to know

Canada’s Big Six banks reported fourth-quarter earnings this week.  Here’s what you need to know

Canada’s biggest banks reported their fourth-quarter earnings this week, covering the three months ending Oct. 31, as analysts gauge the strength of the banking sector before heading into an expected slowdown (and possible recession) next year. Bank of Nova Scotia, Royal Bank of Canada and Toronto-Dominion Bank topped analysts’ forecasts. Meanwhile, National Bank, Canadian Imperial … Read more

TD Bank’s fourth-quarter profit exceeds expectations on higher rates boost

Canada’s Big Six banks reported fourth-quarter earnings this week.  Here’s what you need to know

A man walks past the TD Bank in the Bay Street Financial District in Toronto on Aug. 5, 2022.Nathan Denette/The Canadian Press Toronto-Dominion Bank reported adjusted fourth-quarter profits that beat expectations and raised its dividend as higher margins earned on loans helped drive strong retail banking returns in Canada and the US TD is one … Read more

Scotiabank’s fourth-quarter profit slips on higher costs, increased loan-loss provisions

Scotiabank’s fourth-quarter profit slips on higher costs, increased loan-loss provisions

Bank of Nova Scotia BNS-T reported lower fourth-quarter profit as increased expenses and the bank set aside more money to cover loans that could default, putting pressure on earnings from retail and investment banking. Scotiabank earned $2.1-billion, or $1.63 per share, in the quarter that ended Oct. 31. That compared with $2.6-billion, or $1.97 per … Read more

Dentalcorp considers deals to sell itself a year after IPO

Dentalcorp considers deals to sell itself a year after IPO

Dentalcorp Holdings Ltd. DNTL-T, Canada’s largest consolidator of dental clinics, is considering selling itself just a year and a half after setting a record for an initial public offering of a health care company. Dentalcorp announced Monday its board had launched a strategic review to assess its options to “unlock shareholder value.” The company raised … Read more

Despite interest rate hikes, Canadians have been slow to ditch variable mortgages. Here’s why

Despite interest rate hikes, Canadians have been slow to ditch variable mortgages.  Here’s why

Canadians have been slow to turn away from variable-rate mortgages despite a slew of central bank interest rate hikes since March. It’s an unusual trend that mortgage brokers chalk up to economic uncertainty, regulations and – for some borrowers – a need for flexibility. As of August, variable-rate mortgages still accounted for 44 per cent … Read more

The Globe’s stars and dogs for the week

The Globe’s stars and dogs for the week

Bitcoin (DOG) BTX22 Crypto winter? It’s starting to feel more like a crypto ice age. Hammered by the bankruptcy of crypto exchange FTX – the latest in a string of insolvencies to rock the industry – digital currencies including bitcoin and ethereum plunged to lows not seen since 2020. FTX founder Sam Bankman-Fried, who stepped … Read more

Algonquin Power shares plunge nearly 20% as utility lowers guidance, analysts slash price targets

Algonquin Power shares plunge nearly 20% as utility lowers guidance, analysts slash price targets

Algonquin Power & Utilities Corp. AQN-T reported a $195.2-million loss in its latest quarter, missing Street estimates, and cut its financial guidance for the year. Shares were down nearly 20 per cent in afternoon TSX trading. The power utility, which keeps its books in US dollars, says it lost 29 cents per share for the … Read more

Ottawa to introduce tax on share buybacks in bid to encourage spending on workers

Ottawa to introduce tax on share buybacks in bid to encourage spending on workers

Ottawa plans to introduce a 2-per-cent tax on share buybacks, in an effort to have corporations increase spending on workers – and potentially reap some of the financial windfall being enjoyed by the oil and gas sector. The federal Liberals said Thursday that the change would also encourage companies to reinvest their profits in workers … Read more

Rule of 20 says market bottom much lower. Plus, Canadian energy stocks that big-time investors are buying

Rule of 20 says market bottom much lower.  Plus, Canadian energy stocks that big-time investors are buying

The investing rule of 20 states that when a new US bull market starts, the trailing price to earnings (PE) ratio of the S&P 500 added to the inflation rate will result in a number less than 20. Unfortunately, right now the trailing PE ratio is 20.2 and the inflation rate is 8.5. BofA Securities … Read more