Canadian corporation operating profit up in second quarter

Canadian corporation operating profit up in second quarterCanadian corporations earned $107.1 billion in operating profit in the second quarter, up $5.3 billion or 5.2 per cent from the first quarter, but 0.4 per cent lower that the second quarter of 2018, says Statistics Canada in data it released on Friday. “In the non-financial industries, operating profit increased $1.6 billion (+2.2 per cent)…

Pembina buying Kinder Morgan Canada for $4.35 billion

Pembina buying Kinder Morgan Canada for $4.35 billionPembina Pipeline Corp. is buying Kinder Morgan Canada and the Cochin Pipeline for $4.35 billion, it was announced on Wednesday. Pembina said the transaction values Kinder Morgan Canada at approximately $2.3 billion, or $15.02 per share, and Cochin U.S. at approximately $2.05 billion. Pembina will acquire assets including the Cochin Pipeline system, the Edmonton storage…

Why Canadians won’t, or can’t, invest in their own country

C’mon Canadians, break out of the grim consensus, do your homework and invest your TSFA in the Canadian economy. The banks won't

Why Canadians won’t, or can’t, invest in their own countryThe great Canadian experiment Justin Trudeau represents is struggling. It seems our very Canadian desire for consensus and safety are undermining the prosperity upon which all our other virtues depend. The desire for consensus – worthy in its own right – seems to be undermining the ancient principle of private property. For centuries, the norm…

WestJet sale to Onex clears another hurdle

WestJet sale to Onex clears another hurdleCalgary-based WestJet Airlines Ltd. has announced that Canada’s Competition Bureau has granted unconditional approval for WestJet's proposed sale to Onex Corp. by issuing a no-action letter. “Receiving unconditional approval from the Canadian Competition Bureau is another important step on our path to closing the transaction. We continue to engage with the relevant authorities on the…

Canadian mergers and acquisitions market booming

An abundance of capital and buyers have plenty of interesting targets to pursue, according to PwC Canada’s mid-year review

Canadian mergers and acquisitions market boomingThe Canadian mergers and acquisitions market continues to boom, according to PwC Canada's M&A mid-year review and outlook.  The report released on Tuesday said total transactions hit US$73 billion with the average deal being worth US$184 million in the first six months of this year. “The most significant move was a US$10-billion acquisition of Goldcorp…

Canadian investors experience solid returns over past decade

Canadian investors experience solid returns over past decadeOver the last decade, Canadian investors have experienced solid five per cent to seven per cent annual portfolio gains, outperforming those of the previous decade, according to a report by TD Economics. “The falling yield environment, coupled with increased risk taking, provided a constructive backdrop for investors. Among the asset classes, U.S. equities stole the…

Energy sector reports second quarter results

Energy sector reports second quarter resultsCanadian Utilities Canadian Utilities had second quarter 2019 adjusted earnings of $126 million, or $0.46 per share, compared to $107 million, or $0.39 per share, in the second quarter of 2018, the company reported on Thursday. “Higher earnings were mainly due to the favourable impact of the electricity transmission 2018-2019 general tariff application decision and…
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