- Canada is eliminating the penny. The cost of minting the coin has risen to 1.6 cents or $11 million a year. Australia and New Zealand got rid of the penny about 15 years ago and the whole world is moving closer to a cashless society.
- Higher gas prices are angering many Canadians, but can you share in the profits? CBC News: Can you invest in rising gas prices?
- Alex Avery, an analyst with CIBC World Markets Inc. predicts REITs (real estate investment trusts) will generate total returns (that is, dividend payouts and capital gains) of between 15% and 25% during this year and the first half of next.
- U.S. discount retailer Target arrives in Canada next year and plans to hire 25,000 employees, but the real winner may be RioCan Real Estate Investment Trust, Target’s largest Canadian landlord with 24 of its stores.
- Individual REITs can be bought just like stocks, or you can buy a diversified basket of REITs through an ETF (exchange traded fund) which is a type of low-cost mutual fund that trades on the stock market. Learn more: Canadian REIT ETFs… is now the time?
- Apple Inc., already the world’s most valuable company, hit the $600-billion (U.S.) level for the first time Tuesday. Only one other company has been worth $600-billion — Apple’s old sparring partner Microsoft Corp.
- Also this week, the U.S. Justice Department took Apple Inc. and two major publishers to court for conspiring to push up the prices of e-books.
- Vancouver’s Lionsgate Entertainment hit the jackpot with its Hunger Games franchise. Hunger Games opened to a staggering $214-million global debut weekend (the 3rd biggest opening weekend ever). The stock is rated a “buy” and has more than doubled in the past year.
- Vancouver’s Thunderbird Films announced Sea to Sky Entertainment, a partnership with Lionsgate to create television programming for broadcast and cable networks. Days later, Thunderbird opened a new office in L.A., followed a week later by Thunderbird picking up a Digital Emmy in Cannes for the TV show “Endgame”.
- On Tuesday Spanish bond yields approached their highest levels this year, raising concerns that the country is headed toward a financial crisis. Stocks were hit hard for a fifth consecutive day, sending Canada’s benchmark index into a loss for the year and marking the worst losing streak for U.S. stocks since November and their biggest one-day declines of the year.
- Fortunately, a good start to first-quarter earning season has seen a major rebound for North American markets the past two days.
Canadian stock market
American stock market
I enjoy when you post this round up, it gives me the opportunity to see if I’ve missed any important information . I won’t miss the penny here in Canada I haven’t had enough to time to bond with it anyhow. Cheers Mate. Mr.CBB
I have gotten a lot of positive feedback on these types of posts. I guess in the Twitter age, people like their information simple and easy to consume.
Thanks for the comment!
Well, to cash in on the rise in oil prices, do you mean real money, or just a penny or two?
Oil companies make a couple of pennies per gallon. The 7-11, or service station, makes a penny or two.
But, Obama takes 36 pennies per gallon. So, if you want to make real money on gas and oil, you need to be a rich Muslim/Arab, or the government.
Right?
Great blog,
Wayne
Thanks for the comment Wayne.
I guess the idea is to try and figure out what companies benefit from higher oil prices. Canada holds 175 billion barrels of oil in reserves, the third highest right after Saudi Arabia and Venezuela. So here in Canada I could invest in Imperial Oil, for example, which looks like its stock is up about 25% since October. That’s not just a penny or two in my world!
Or how about investing in a company that supplies equipment to the oil fields, or a REIT that builds apartments to house all the people working there? The opportunities are endless…
That is stock market speculation.
Investing is putting your money in a company.
IMHO.
Wayne
So how do you invest? Buy whole companies? I can only afford partial ownership in companies by buying a few shares at a time. And yes, I only buy shares in companies that I am speculating will be successful.
That is the difference between investing and speculating. Investors get rich. Speculators hope the government doesn’t make 15 to 20 times as much in taxes as they make in “stock market growth.”
Wayne
So, how do you define ‘middle-class,’ ‘millionaire,’ and ‘billionaire?’