KP Tissue declares a Quarterly Dividend of $0.18 per Common Share
MISSISSAUGA, Ontario, Aug. 13, 2025 (GLOBE NEWSWIRE) — KP Tissue Inc. (KPT) (TSX: KPT) announced today that the Board of Directors has declared a quarterly dividend of $0.18 per common share, payable on October 15, 2025, to shareholders of record at the close of business on September 30, 2025, subject to applicable law.
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Toronto Star
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81% of Canadian Companies are Preparing in Case of Recession
TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) — Three-quarters of Canadian companies (76%) are bracing for a recession, with half (51%) believing there will be one in the next twelve months, while 14% think Canada is already in a recession, according to a new Express Employment Professionals-Harris Poll survey. Businesses aren't waiting to feel the impact: they're already shifting gears, scaling back hiring, rewriting long-term plans and making tough choices between protecting today and investing in tomorrow.
Global News
40 minutes ago
- Global News
Stock markets could rally Wednesday amid optimism for future rate cuts
Wall Street is pointed toward new heights before the opening bell Wednesday after new U.S. inflation data raised hopes that the Federal Reserve will cut its benchmark interest rate next month. Futures for the S&P 500 and Nasdaq each ticked up 0.2 per cent, while futures for the Dow Jones Industrial Average rose 0.3 per cent. The S&P 500 and Nasdaq both closed at record highs on Tuesday. TSX futures on Bay Street in Toronto are up nearly a quarter per cent ahead of the open, and just off an all-time high set earlier in August. The rally in markets, which is partly being driven by relief over an extended truce in President Donald Trump's trade war with China, is being powered by new optimism that borrowing costs in the U.S. will fall. Lower rates would give a boost to investment prices and to the economy by making it cheaper for U.S. households and businesses to borrow to buy houses, cars or equipment. President Donald Trump has angrily been calling for cuts to help the economy, often insulting the Fed's chair personally while doing so. Story continues below advertisement The Fed has hesitated, worried that Trump's tariffs could trigger another round of elevated inflation. The Fed will get one more report on inflation and another on the U.S. job market before its next meeting, which ends Sept. 17. The most recent jobs report was a stunner, coming in much weaker than economists expected. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Critics say the broad U.S. stock market is looking expensive after its surge from a bottom in April. That's putting pressure on companies to deliver continued growth in profit. 0:36 Trump weighing lawsuit against Fed chair Powell over renovations: White House Gildan Activewear announced Wednesday that it was buying HanesBrands for $2.2 billion in a deal that will give HanesBrands shareholders close to 20 per cent of the combined company. The deal, which was widely reported Tuesday ahead of the official announcement, will give Gildan access to brands including Hanes and Maidenform. Story continues below advertisement HanesBrands shares fell more than nine per cent before the bell after climbing 28 per cent on Tuesday when rumors of the deal surfaced. Cava slid 24 per cent in off-hours trading after the Mediterranean restaurant chain posted weaker-than-forecast same store sales in the second quarter and cut some of its full-year guidance. Company executives pinned some of the lag in same store sales on the 'honeymoon effect,' when stores fail to sustain the huge demand they saw upon opening. In Asia, Tokyo's benchmark Nikkei 225 added to its record set a day earlier, finishing 1.3 per cent higher at 43,274.67. 'Asia woke up in full risk-on mode, riding the coattails of a U.S. session that looked like someone hit the 'infinite bid' button after CPI didn't blow the inflation doors off,' Stephen Innes of SPI Asset Management said in a commentary. Hong Kong's Hang Seng surged 2.6 per cent to 25,613.67, while the Shanghai Composite index added 0.5 per cent to 3,683.46. In Japan, relief over the Trump administration's confirmation that its exports will face a flat 15 per cent U.S. import duty has driven strong buying of computer chip-related companies and other exporters. Elsewhere in Asia, South Korea's Kospi advanced 1.1 per cent to 3,224.37. In Australia, the S&P/ASX 200 shed 0.6 per cent to 8,827.10. Taiwan's Taiex was up 0.9 per cent and the Sensex in India gained 0.5 per cent. In Bangkok, the SET climbed one per cent after the Bank of Thailand cut its key interest rate by 0.25 percentage points to 1.5 per cent. Story continues below advertisement In Europe at midday, Germany's DAX rose 0.9 per cent and the CAC 40 in Paris picked up 0.6 per cent. Britain's FTSE 100 edged 0.1 per cent higher. In energy trading, U.S. benchmark crude oil gave back 52 cents to $62.65 per barrel. Brent crude, the international standard, fell 44 cents to $65.68 per barrel. The U.S. dollar dipped to 147.51 Japanese yen from 147.84 yen. The euro climbed to $1.1713 from $1.1677. – With files from Global News' Ari Rabinovitch
Cision Canada
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RBC Global Asset Management Inc. announces final details on maturity of RBC Target 2025 Canadian Government Bond ETF, RBC Target 2025 Canadian Corporate Bond Index ETF and RBC Target 2025 U.S. Corporate Bond ETF Français
TORONTO, Aug. 13, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced final details regarding the scheduled maturity of RBC Target 2025 Canadian Government Bond ETF (TSX: RGQN), RBC Target 2025 Canadian Corporate Bond Index ETF (TSX: RQN) and RBC Target 2025 U.S. Corporate Bond ETF (TSX: RUQN) (TSX: RUQN.U) (together, the "Maturing ETFs"). As announced earlier this year, the Maturing ETFs will mature effective the close of business on Friday, September 12, 2025 (the "Maturity Date"). Subscriptions for units of the Maturing ETFs will no longer be accepted after the close of business today, Wednesday, August 13, 2025. Redemption requests for the Maturing ETFs will be accepted until the close of business on Tuesday, September 9, 2025. The Maturing ETFs are anticipated to be voluntarily delisted from the TSX, at the request of RBC GAM Inc., following the close of business on or about Wednesday, September 10, 2025. Investors may continue to buy or sell units of the Maturing ETFs on a stock exchange until the delisting date. All units held by investors following the delisting will be subject to mandatory redemption on the Maturity Date. Prior to the Maturity Date, RBC GAM Inc. will, to the extent reasonably possible, sell and convert the assets of the Maturing ETFs to cash. After paying or making adequate provision for the liabilities and obligations of the Maturing ETFs, RBC GAM Inc. will, as soon as practicable following the Maturity Date, distribute the net assets of each Maturing ETF pro rata among the unitholders of record on the Maturity Date based on the net asset value ("NAV") per unit. RBC GAM Inc. will issue an additional press release on or about the Maturity Date confirming the final details. Investors have the option to either invest the proceeds from the Maturing ETFs into a subsequent maturity of an RBC Target Maturity Bond ETF or to utilize the proceeds in a ladder strategy to help manage interest rate and reinvestment risk. Unlike traditional exchange-traded funds ("ETFs"), which have a perpetual life, RBC Target Maturity Bond ETFs have a specified maturity date established when the ETF is launched. When the ETF reaches the Maturity Date, the ETF's final NAV is returned to the current unitholders. An RBC Target Maturity Bond ETF's portfolio contains fixed income securities that mature throughout its stated maturity year. This structure results in a duration profile similar to that of an individual bond, where the ETF's duration should decline as it approaches maturity, reducing sensitivity to interest rate changes. The suite of RBC Target Maturity Bond ETFs focuses on providing investors with simple and transparent access to a wide range of diversified bond portfolios and the ability to manage duration more precisely, through six RBC Target Maturity Canadian Government Bond ETFs, six RBC Target Maturity Canadian Corporate Bond ETFs ("Canadian TMCB ETFs") and six RBC Target Maturity U.S. Corporate Bond ETFs, each with maturities ranging from 2026 to 2031. For further information regarding RBC ETFs, please visit Commissions, management fees and expenses all may be associated with investments in ETFs. Please read the applicable prospectus or ETF Facts document before investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns. RBC ETFs do not seek to return any predetermined amount at maturity. Index returns do not represent RBC ETF returns. RBC ETFs are managed by RBC GAM Inc., a member of the RBC GAM group of companies and an indirect wholly-owned subsidiary of Royal Bank of Canada. RBC Target 2025 Canadian Government Bond ETF, RBC Target 2025 Canadian Corporate Bond Index ETF and RBC Target 2025 U.S. Corporate Bond ETF do not seek to deliver a predetermined amount at maturity, and the amount an investor receives may be more or less than their original investment. The Canadian TMCB ETFs have been developed solely by RBC GAM Inc. and are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). All rights in the FTSE Canada 2025 Maturity Corporate Bond Index vest in the relevant LSE Group company which owns the FTSE Maturity Corporate Bond Indices. "FTSE ®" is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. The FTSE Maturity Corporate Bond Indices are calculated by or on behalf of FTSE Global Debt Capital Markets Inc. or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the FTSE Maturity Corporate Bond Indices or (b) investment in or operation of the Canadian TMCB ETFs. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Canadian TMCB ETFs or the suitability of the FTSE Maturity Corporate Bond Indices for the purpose to which they are being put by RBC GAM Inc. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 97,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About RBC Global Asset Management RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional), manage approximately $693 billion in assets and have approximately 1,600 employees located across Canada, the United States, Europe and Asia. SOURCE RBC Global Asset Management Inc.
