America needs Canada to meet auto demand
Brian Kingston, chief executive of the Canadian Vehicle Manufacturers' Association, talks with Financial Post's Larysa Harapyn about how damaging a trade war would be to the 'poster child of North American integration.'
Border towns say COVID-sized relief needed if tariff axe falls
Threat of tariffs puts Canada on hold
Tariffs would have huge impact on housing market: Ron Butler
• Email: lharapyn@postmedia.com
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5 hours ago
- Yahoo
High Dividend, Monthly Payouts: An 8.7% Opportunity
Written by Christopher Liew, CFA at The Motley Fool Canada The oil and natural gas industry is a major source of government revenues and a vital part of Canada's economy. Based on data from the Canadian Association of Petroleum Producers, the sector accounted for 3% of the country's gross domestic product (GDP) in 2024. Moreover, oil, natural gas, and refined products account for approximately 20% of Canada's balance of trade. Energy stocks are also popular among investors due to their generous dividends and potential to generate additional returns from rising oil and gas prices. A buying opportunity today, if not a total package for income seekers, is Freehold Royalties (TSX:FRU). Besides the high 8.7% dividend yield, the payout frequency is monthly. The $2-billion royalty oil and gas company owns about 6.1 million acres of land in Canada. In the U.S., its land base is approximately 1.2 million gross drilling acres and continues to expand. As a royalty-interest owner, it benefits from industry drilling activities on the lands subject to the royalty. Freehold receives royalty income from more than 380 industry operators. It manages the assets but spends zero on well operations, maintenance, production, and land restoration to its original state. Operators pay all related costs, while Freehold focuses on business development and accretive acquisitions. Management believes that Freehold is uniquely positioned as a leader in North American energy royalties. Around 25% of key royalty payors have a market capitalization of $10 billion. Top operators or drillers include Exxon Mobil, ConocoPhillips, Canadian Natural Resources, and Tourmaline Oil. Freehold is committed to delivering income growth and durable returns through strategic expansion and targeted acquisitions. The strategy is to concentrate on high-margin and long-duration royalties. Additionally, collaborating with investment-grade operators that have long-term perspectives is advantageous. Regarding inventory life, the Canadian side is 40 years and the U.S. portion is 30 years. Future optionality includes the expansion of geologic zones, improved drilling, and the discovery of other minerals or metals. In Q1 2025, Freehold reported a 23% year-over-year increase in royalty and other revenue to $91.1 million. The 14 and 11 new leases signed in Canada and the U.S. contributed $3.9 million in revenue. Net income and cash flow from operations rose 10% and 20% to $37.3 million and $62.9 million compared to Q1 2024. Its President and CEO, David M. Spyker, said, 'Freehold's Q1-2025 production of 16,248 barrels of oil equivalent per day (boe/d) is at the highest levels in our corporate history, in step with the high-quality acquisition work completed in late 2024. Spyker added, 'The deliberate and strategic build out of our North American royalty portfolio has resulted in a balanced revenue base with Canada contributing 46% of revenue in Q1-2025 and the U.S. contributing 54%. The industry is in excellent shape to manage commodity price volatility due to the capital discipline and prudent balance sheet management approach over the past number of years.' Freehold has been paying monthly dividends (no fail) since April 1998. The current share price is $12.27, while the regular monthly dividend remains fixed at $0.09 per share for now. A $13,730 investment today transforms into $100 in monthly passive income. The post High Dividend, Monthly Payouts: An 8.7% Opportunity appeared first on The Motley Fool Canada. Before you buy stock in Freehold Royalties Ltd., consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Freehold Royalties Ltd. wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. 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USA Today
6 hours ago
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Toyota's EV evolution: Three new models are coming to redefine the brand
Toyota's EV evolution: Three new models are coming to redefine the brand Show Caption Hide Caption Self-driving tech coming to personally owned vehicles Waymo & Toyota have announced a partnership to co-develop autonomous vehicle platforms, aiming to integrate Waymo's self-driving technology into Toyota's POV's. Cheddar The vehicles are an overdue response to critics who said Toyota was hostile to electric vehicles. 3 new EVs are the Lexus ES, the Toyota bZ Woodland and the Toyota CH-R. Toyota showcased the upcoming vehicles in May at its North American HQ in Plano, Texas. Critics who believed Toyota would remain a perpetual EV laggard are about to be proven wrong. The world's largest automaker was slow to begin its deployment of electric vehicles, but it's a legendarily fast follower. Toyota measures twice and cuts once, and the cutting just began. Toyota and Lexus brands will make up for lost ground with three new EVs slated for sale in the United States this year and next ― Lexus ES, Toyota bZ Woodland and Toyota CH-R. That's on top of major upgrades to the pair it already sells here, the lackluster Toyota bZ4X, now badged the bZ, and Lexus RZ. What took them so long The vehicles are an overdue response to critics who said Toyota was hostile to electric vehicles. Company statements praising the hybrids it specialized in at the expense of EVs fostered that impression, even suggesting the two related and complementary technologies were somehow at odds. They're not, and the spin toward hybrids understandably infuriated environmental groups who had been among Toyota's biggest supporters as the automaker popularized the fuel-saving technology in the early 2000s. EV updates: Toyota's electric vehicle is about to get a major upgrade. Here's why it could use one It was dizzying to hear the automaker that rode the Prius to global leadership cast as an environmental villain. The disappointing 2023 bZ4X, Toyota's first mass-produced EV, fueled arguments that Toyota only talked a good environmental game. My recent drive of a 2026 bZ ― Toyota dropped the "4X" for model year 2026 ― proved Toyota took the criticism seriously, reworking its drivetrain and other systems with unusual haste. Toyota's seldom the first with a new technology. Its reputation for quality and durability rests on continually refining proven systems, not being first to market. It's unlikely Toyota's upcoming burst of EVs will break much new ground, but it'd be a shock if they don't work pretty much as advertised, first time and every time. Toyota's not an early adopter. The millions of people who buy its vehicles don't want it to be. Toyota's unprecedented EV rollout Toyota showcased the upcoming vehicles in May at its North American HQ in Plano, Texas. I drove the bZ there and expect to drive all of them, over the next few months. I'll report on them as it happens. Prices for all the vehicles will be announced closer to when sales begin. All should come with Tesla-style NACS charging ports. Until then, here's what we know by model: 2026 Toyota bZ Renamed and vastly improved from its predecessor ― the 2022-25 bZ4X ― this compact SUV now has competitive range and power. Key facts: On sale this fall Maximum range increases 25% to 314 miles Power increase more than 50% to 338 hp Faster New lights and body-color exterior trim salvage what had been a cluttered appearance 2026 bZ Woodland A midsize SUV developed alongside the nearly identical Subaru Trailseeker, the Woodland shares its architecture with the bZ, but is about is about 6 inches longer. We can hope it doesn't share the Subie's cloying slogan: Powered by love. Key facts: On sale early 2026 Standard all-wheel drive 375 hp Up to 260 miles range 8.3 inches of ground clearance 3,500-pound towing capacity 2026 Toyota CH-R The sporty little 2026 CH-R revives the name of an oddly styled little SUV, but graces it with looks reminiscent of the bigger Toyota Crown Signia hybrid. A compact, expect it to fit between the bZ and Woodland. With its arrival, the Toyota brand will have entries in three key vehicle segments. The new CH-R aims to be Toyota's first sporty EV, promising 0-60 mph in about 5 seconds. Key facts: On sale in 2026 338 hp 290-mile range 74.7 kWh battery 2026 Lexus RZ Lexus' first EV, the midsize RZ, gets updates in line with the bZ. A bigger battery increases range, new motors boost power, and charging speed improves. It will also be the first Lexus EV to have a model in the brand's performance sub-brand, F Sport. The RX 550e F Sport will reach 60 mph in 4.1 seconds. Key facts: On sale this fall Up to 402 hp 300-mile range Bigger battery 'M Mode' mimics a manual transmission, via paddle shifters More shade from glass roof 2026 Lexus ES Lexus' popular midsize sedan gets the biggest changes in its history, moving to a new architecture that supports both EVs and hybrids. The car is longer, wider and taller than the current ES. The sleek ES is by far the brand's best looking sedan ever, embodying the Lexus theme: 'Experience elegance and electrified sedan.' The 2026 ES raises two immediate questions: Will there be a plug-in hybrid? Does the ES foreshadow an EV version of the next-generation Camry? Key facts: On sale in 2026 Front- and all-wheel drive 338 hp from ES 500e Up to 300-mile range 0-60 mph 5.4 seconds Contact Mark Phelan: mmphelan@ Follow him on Twitter @mark_phelan. Read more on autos and sign up for our autos newsletter. Become a subscriber.
Yahoo
6 hours ago
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Popular tire company makes harsh cost-cutting decision amid declines
Popular tire company makes harsh cost-cutting decision amid declines originally appeared on TheStreet. When thinking about Formula 1, the world's most prestigious motor racing competition, only a few tire brands come to mind. This is because the motorsport uses a single tire supplier to ensure an even playing field for all teams, and the selected manufacturer must be exceptionally reliable and capable of meeting the sport's demanding performance standards. This popular tire company rose to stardom as Formula 1's tire supplier from 1997 to 2010, providing tires for top teams like Ferrari for many years. 💵💰 💵💰 Ultimately, the company chose to end its long-standing partnership with Formula 1 in 2010 to refocus its resources and prioritize its business, as the returns on investment no longer met even the world's largest tire and rubber company is not immune to today's economic challenges or devastating shutdowns to make ends meet. The multinational tire and rubber company Bridgestone Corp. has faced various business challenges over the last few months, including a decline in tire demand in the North American market, partly due to increased imports of low-priced tires. These bumps in the road have only grown due to U.S. tariff implementations and the uncertain economy. To mitigate the effects of these challenges, the company developed a Mid-Term Business Plan that would be enacted from 2024 to 2026. This multi-year strategy consisted of significant cost reductions and various restructurings to strengthen the company in the first quarter of fiscal 2025, once positive numbers have now flipped, total revenues declined by 1% compared to last year, and the Americas went down 3%. The company predicts more negative revenues for the rest of 2025, predicting a 2% decline compared to the year prior. Bridgestone Americas Tire Operations, the U.S. subsidiary of Bridgestone Corp. () , filed a WARN notice with the Tennessee Department of Labor and Workforce Development (TDLWD) on May 30 to inform the state that it will be permanently closing its Bridgestone facility in La Vergne, Tenn., on July 31, impacting 658 hourly and staffed workers. The Worker Adjustment and Retraining Notification Act, or WARN, requires companies to give employees 60 days' notice before planned closures or mass layoffs. This filing comes months after the company made the initial announcement of the closure in January, but no filing had yet been made. More Retail News:"This decision is part of the company's strategic initiatives to optimize its business footprint, strengthen its competitiveness and enhance the quality of the company's U.S. operations," stated the company in the initial announcement. The closure reduces costs in strategic areas, allowing Bridgestone Americas to operate more efficiently and focus on value creation, which is the second part of its Mid-Term Business Plan that will take place from 2024 to 2025. Since the day the WARN notice was filed, Bridgestone Corp.'s stock has declined by over 6% as of June 4. Popular tire company makes harsh cost-cutting decision amid declines first appeared on TheStreet on Jun 5, 2025 This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
