Interfor to Announce Second Quarter Results on August 7, 2025
ABOUT INTERFOR
Interfor is a growth-oriented forest products company with operations in Canada and the United States. The Company has annual lumber production capacity of approximately 4.7 billion board feet and offers a diverse line of lumber products to customers around the world. For more information about Interfor, visit our website at www.interfor.com.
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CTV News
34 minutes ago
- CTV News
Trade, tariffs top Chatham-Kent councillors talk with U.S. counterparts
Alysson Stoney, a councillor for the Municipality of Chatham-Kent speaks at a Great Lakes Regional Forum Meeting at the National Association of Counties annual conference in Philadelphia, Pa., on July 12, 2025. (Source: Federation of Canadian Municipalities) A representative from the Municipality of Chatham-Kent was part of a Canadian delegation in Philadelphia talking trade, tariffs, and other matters with U.S. counterparts. Alysson Storey, a councillor for Chatham-Kent, is the vice-chair of the Ontario Caucus for the Federation of Canadian Municipalities (FCM). Storey was part of the FCM team attending the annual conference for the National Association of Counties over the weekend, which consists of more than 2,000 officials from counties across the U.S. 'If we can learn from the solutions and the challenges they're working on here in the U.S. or vice versa, that benefits all of us,' Stoney said on Saturday. Speaking to CTV News from the conference, Storey said the meetings and presentations are an opportunity to speak about challenges facing municipalities in both countries. 'What is clear, especially with states that are close to the Canadian border, they're very aware of the tariff impacts,' Storey explained. 'They're already seeing it in manufacturing and agriculture, in border crossings and tourism.' Ties between Canada and the U.S. have been precarious due to a changing trade landscape, largely fuelled by tariffs levied by U.S. President Donald Trump. On Thursday, Trump announced a 35 per cent tariff on Canadian imports starting Aug. 1. Similar to upper levels of Canadian Governments, Storey said their messaging remains tariffs will hurt economies on both sides of the border. 'As the government of proximity, local governments, both here in the states and in Canada, we're the first ones to see impacts on jobs, we're the first ones to see impacts of factory closures, the first ones to see impacts on tourism,' Storey explained. FCM representatives began a larger dialogue with their U.S. counterparts earlier this year to discuss ongoing challenges. Storey planned to speak as part of a forum for states around the Great Lakes, as well as talks on rural affairs and agriculture. 'The agriculture piece is huge,' she said. 'That is our primary economic driver in our community as it is in a lot of southwestern Ontario, so farmers have issues with the trade concerns.' The FCM delegation planned to return home on Sunday.
Globe and Mail
44 minutes ago
- Globe and Mail
3 No-Brainer Dividend Stocks to Buy With $200 Right Now
Dividend stocks are favored by plenty of investors -- and why not? No matter where you are on your investing journey, you could use some solid dividend stocks in your portfolio. If you're a newer investor and still have years until retirement, then owning stocks that pay a consistent dividend is a great way to turbocharge your returns. Simply reinvest your quarterly or monthly payout into your portfolio and take advantage of the magic of compounded returns. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » And if you're in retirement, dividend stocks provide a reliable income stream that you can use for monthly bills, all the while reducing the amount that you're withdrawing from your account for basic living expenses. Dividend stocks can be the secret ingredient to making your retirement years happy and prosperous. Of course, finding the best dividend stocks can sometimes be challenging. For this exercise, I used a stock screener to help me narrow the field. Because I wanted established companies, I limited the screen to companies with a market capitalization of $1 billion or more. Then I screened for companies reporting revenue growth of at least 20% and a year-to-date increase of at least 10% in price. Finally and most importantly, I limited the screen to stocks that pay a dividend yield of at least 1.75%. Toronto-Dominion Bank (NYSE: TD), Carlyle Group (NASDAQ: CG), and Equitable Holdings (NYSE: EQH) are among the top names that I found. And best of all, you can own a share of each of them for just $200 total. Toronto-Dominion Bank Toronto-Dominion Bank is the parent company of TD Bank, which in the U.S. operates from the Northeast to Florida. The bank is one of the biggest in Canada and the sixth-largest in North America by assets, and has nearly 28 million customers. Earnings for the second quarter were CA$22.9 billion ($16.7 billion), up a whopping 66% on a year-to-date basis thanks to the company's sale of its 10% stake of Charles Schwab for $14.6 billion. The transaction came after TD Bank undertook a strategic review following a $3.1 billion fine it paid in 2024 in a money laundering investigation that also saw U.S. regulators impose an asset cap of $434 billion that restricts future growth in the U.S. For shareholders, the money laundering fine was a disaster, but the company is on its way to recovery. It took CA$8 billion ($5.9 billion) from the Schwab sale for a stock buyback campaign that solidified TD Bank's stock price. The stock is up 39% so far this year, rising sharply since April, and 14 of 16 analysts who cover the stock on Yahoo! Finance have either a buy or hold recommendation. Investors can also take comfort in knowing that Toronto-Dominion stock provides a 4.1% dividend yield and still trades 13% off its all-time high. So there's still plenty of room for growth. Carlyle Group Carlyle Group is a global investment firm that had $453 billion of assets under management at the end of Q1, up 6% from a year ago. The company manages investments through private equity funds, assets, and by investing (or buying) companies that it can improve and sell for a profit or run efficiently. Carlyle has a record of investing in more than 20,000 companies since its founding, and it currently has more than 425 active investments. Revenue in Q1 was $973.1 million, up from $688.4 million a year ago. Net income was $130 million, which was nearly double from the $65.1 million the company posted in 2024's Q1. Carlyle Group also pays a dividend yield of 2.7%. The stock is up 16% so far this year. Equitable Holdings Equitable is a New York-based insurance and financial services company that works with individuals and small businesses. The company says it has more than 3 million clients and just over $1 billion in assets under management, up from $975 million a year ago. It has a primary focus on retirement planning. Its insurance portfolio focuses on full life and term life policies, as well as long-term care. It also has asset management and wealth management products. Equitable stock is up 13% so far this year and provides a dividend of 1.7%. Should you invest $1,000 in Toronto-Dominion Bank right now? Before you buy stock in Toronto-Dominion Bank, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Toronto-Dominion Bank wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor 's total average return is1,047% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Charles Schwab is an advertising partner of Motley Fool Money. Patrick Sanders has no position in any of the stocks mentioned. The Motley Fool recommends Charles Schwab and recommends the following options: short June 2025 $85 calls on Charles Schwab. The Motley Fool has a disclosure policy.
Globe and Mail
an hour ago
- Globe and Mail
Trump threatens 35% tariffs, Quebec braces for copper levies and a generic Ozempic is coming to Canada: Business and investing stories for the week of July 13
Getting caught up on a week that got away? Here's your weekly digest of The Globe's most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more. U.S. President Donald Trump said Thursday he would impose 35-per-cent tariffs on Canadian imports starting Aug. 1. In a letter addressed to Prime Minister Mark Carney posted on Truth Social, Mr. Trump justified the levies – which don't apply to goods that comply with continental free trade agreement rules – as an effort to force Canada to do more to address U.S complaints about fentanyl trafficking and illegal migration (A recent Globe and Mail investigation found that the Trump administration is using misleading fentanyl figures to justify tariffs against Canada.) Mr. Carney defended Canada's record in a social media post, saying the country has 'made vital progress to stop the scourge of fentanyl' in North America. He added that Canada is looking after its interests too by reducing internal barriers to trade and planning big economic projects, and is working towards a revised deadline of Aug. 1 in reaching a new trade deal with the U.S. Earlier in the week, Mr. Trump said he would also impose a 50-per-cent tariff on copper and 200 per cent on pharmaceuticals – potentially piling even more pressure on a Canadian economy reeling from levies on aluminum, steel and autos. U.S. telehealth platform Hims & Hers Health Inc. plans to enter the Canadian market in the new year by selling generic forms of the blockbuster weight-loss and diabetes drugs Ozempic and Wegovy. It is among the first companies to publicize efforts to take advantage of the Canadian patents on those drugs expiring in January, 2026. As Chris Hannay reports, Ozempic, which is by far the best-selling drug in Canada, contains the active ingredient semaglutide and generic versions of that ingredient will sell at a fraction of the cost of the brand-name version. Hims & Hers said it will work with another company that is producing the drug, while also providing '24/7″ patient access to licensed providers through its digital health platforms. The company did not name the manufacturer, but four have so far applied to Health Canada for approval to make generic semaglutide, including Apotex Inc. and Sandoz Canada Inc. When the patent for Ozempic expires on Jan. 4, 2026, Canada will be the first major market in the world for generic versions of the drug. Donald Trump's proposed 50-per-cent tariff on all copper entering the U.S. will disproportionately hit Canada. The U.S. is a major market for Canadian copper exports, accounting for $4.8-billion, or 52 per cent, of all the country's exports of the metal in 2023, according to Natural Resources Canada. Canada is America's second-largest source of imported copper after Chile. Copper is widely used in everything from construction to automobiles to appliances. The levy, which is set to kick in on Aug. 1, will fall heaviest on Central Canada – in particular, Quebec. Quebec accounts for most of Canada's U.S. copper shipments though The impact of the tariff on jobs in Quebec, home to Canada's sole copper smelting facility and a major copper refinery, is still unclear. Jason Kirby takes a closer look at the numbers in this week's Decoder series. Canadian downtowns still haven't recovered from the COVID-19 pandemic, according to new data. New data from the Toronto-based analytics company Environics Analytics shows foot traffic in the downtown cores across Canada is still approximately half of what it was before the pandemic. As of April, foot traffic in downtown Toronto is about 43 per cent less than what it was in January, 2020, while that number hovers at approximately 50 per cent for both Montreal and Vancouver. Despite the slow rebound, major employers are now pushing to bring their white-collar work force into the office more frequently. Three of Canada's biggest banks – Royal Bank of Canada, Bank of Montreal and Bank of Nova Scotia – recently announced new rules that ramp up in-office days. But whether these more demanding return-to-office mandates point to a full rebound for Canada's downtowns remains to be seen, Vanmala Subramaniam reports. Expensive housing is pushing a growing number of Canadians into buying their first home later in life – into their 40s and beyond, a time traditionally used to save for retirement. The average age of a first-time homebuyer in Canada is now just under 35, and homeownership among the 25- to 34-year-old set has been steadily declining. And while the under-35 group still makes up the largest share of first-time buyers today, the over-35 demographic keeps creeping higher, rising at a faster rate across the country. So what are they doing in the meantime? They're building stable careers, prioritizing travel, saving for down payments and in some cases, starting families. Zahra Khozema spoke to various Canadians who bought in their 40s and 50s about the decisions to buy their first homes later in life. Get the rest of the questions from the weekly business and investing news quiz here, and prepare for the week ahead with The Globe's investing calendar.
