Canada Post Strike Averted, but Overtime Ban Begins
A strike at Canada Post has been narrowly avoided , but job action is still underway in the form of an overtime ban. While deliveries continue, negotiations between the union and the crown corporation remain at a standstill. For insight into what this means for Canadians and what might happen next, Former MP and TMU Labour Relations Fellow Peggy Nash joins joins Candace Daniel.
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How to Use $10,000 to Transform a TFSA Into a Cash-Pumping Portfolio
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Investing $10,000 in CT REIT could provide a monthly income stream, thanks to its regular distributions. In May 2025, the REIT announced a 2.5% increase in its monthly distribution, bringing it to $0.07903 per unit, or approximately $0.94836 annually. This marks the 12th consecutive annual increase since its initial public offering in 2013, highlighting a commitment to rewarding unit holders. So here's what that looks like for today's investor for dividends alone. COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL $15.44 647 $0.9252 $599.63 Monthly $9,993.68 The big question is whether the dividend stock can keep it going. The answer, in short, looks like a trust's occupancy rate remains high, standing at 99.4% as of the end of the first quarter of 2025. This indicates strong demand for its properties and efficient management. 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The REIT's price-to-earnings ratio stands at 10.5, and it offers a dividend yield of about 6 %, making it a potentially appealing option for income-focused investors. Incorporating CT REIT into a TFSA allows investors to benefit from tax-free income and capital gains. This means that the monthly distributions and any appreciation in unit value are not subject to Canadian income tax, enhancing the overall return on investment. Moreover, the dividend stock's conservative debt management, with an indebtedness ratio of 40.3%, provides additional financial flexibility. This prudent approach to leverage supports the REIT's ability to maintain and potentially increase distributions over time. In summary, allocating $10,000 to CT REIT within a TFSA could be a strategic move for investors seeking a steady and growing income stream. The trust's strong financial performance, consistent distribution increases, high occupancy rates, and conservative financial management make it a noteworthy candidate for a cash-generating portfolio. The post How to Use $10,000 to Transform a TFSA Into a Cash-Pumping Portfolio appeared first on The Motley Fool Canada. Before you buy stock in Ct Real Estate Investment Trust, 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 Ct Real Estate Investment Trust wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. 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The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 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
New York Post
9 hours ago
- New York Post
Trump's immigration, trade policies could cost tourism industry $12B: report
The US economy could lose out on billions of dollars this year as President Trump's policies hamper the tourism industry, according to a report. The administration's mass deportation efforts, costly trade war, anti-LGBTQ legislation and, most recently, a travel ban on 12 countries have hammered foreign arrivals and spurred anti-US boycotts. The backlash from foreign visitors is expected to cost the US economy a whopping $12.5 billion this year, according to the World Travel & Tourism Council. Advertisement However, the organization's estimates have been vastly off the mark in the past. It predicted that growth in the country's travel sector would slow significantly in 2017 after Trump's surprising first election victory, but the number of visitors actually jumped amid a worldwide upswing in tourism. 3 The US economy could lose out on billions of dollars this year as the tourism sector is hammered by policy changes. AP Though Trump has made clear his frustrations with the trade deficit, the projected decline in tourism would only worsen the issue, as spending by foreign visitors in the US is counted toward our exports, according to a Bloomberg report. Advertisement The White House did not immediately respond to The Post's request for comment. Foreign arrivals to the US by air have plunged 2.5% so far this year through April compared to the year before, according to the US International Trade Administration. The largest drop came in March, when arrivals fell 10% after Trump unveiled hefty tariffs on Canada, China and Mexico. Those tariffs, combined with Trump's call to annex Canada as the 51st state, have prompted frustrated Canadians to call for a travel boycott and to stop buying US products. Advertisement Figures on Canadian tourism have not been released by the US yet, but Canada's statistics bureau said trips across the border tumbled 15% in April for the third straight month of decline. Research firms have scaled back their expectations for US tourism this year since Trump took office. Tourism Economics now expects just 66 million visitors – above previous expectations of 79 million – as policy changes prompt travelers to book trips elsewhere, according to Bloomberg. 3 Venezuelan migrants arrive after being deported from the United States at Simon Bolivar International Airport. REUTERS The largest reversal will likely come from Canadians, with visits expected to plunge 20% this year, followed by a nearly 6% drop from western Europe, Tourism Economics said. Advertisement Air carriers like Air France, British Airways and Lufthansa have started to cancel long-haul flights to popular US cities while travel sites like Airbnb, and Expedia have warned that their earnings could be hit hard this year. At least a dozen foreign nations have advised their citizens to use caution when traveling to the US due to the risk of being detained by immigration officials. Others have warned transgender and nonbinary citizens that they could run into trouble using their passports after Trump signed an executive order recognizing 'male' and 'female' as the only two sexes. Global air bookings to the US from May 1 to July 31 are 11% lower than the same time last year, according to Tourism Economics. 3 President Trump departing the White House on Friday for a weekend trip to New Jersey. Getty Images And it's the first year that spending by overseas visitors is expected to fall since the pandemic, with a projected 7% dip to less than $169 billion, according to WTTC. The US is the only economy expected to suffer a tourism revenue decline this year out of the nearly 200 economies tracked by the WTTC.
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10 hours ago
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Howard Levitt: Working for a foreign-owned company in Canada can be risky business
In this uncertain and rapidly evolving global economic climate, Canadians are turning inward more than ever and reevaluating their position within the new world order. We are buying Canadian, travelling Canadian, celebrating Canadian virtues and values; but amidst all of this rediscovered 'Canadiana,' millions of us continue to work for companies based in the U.S. or elsewhere. Working for a foreign-owned company in Canada can feel like being in a cross-cultural relationship — full of opportunity but rife with the potential for miscommunication, mismatched expectations, and even exploitation. From the aggressive pace of U.S. capitalism to the top-down rigidity of some Asian firms, foreign parent companies often bring unspoken assumptions about loyalty, etiquette, work ethic, and what's 'normal' at work — assumptions that may clash with Canadian values and laws. As the job market globalizes, especially in sectors like tech, finance, and energy, Canadian professionals must evaluate not just the job, who's really running the show — and from where. Is it Houston or Calgary? Toronto or Tokyo? The answer to this question is more important than you think, especially when evaluating whether you will be a fit with the organization. Ultimately, however, this boils down to your personality. How you communicate, set boundaries and deal with conflict can make or break your success in these cross-border environments. Some foreign firms reward traits that others might suppress. If you are conscientious and respect hierarchy, you might thrive at a Japanese or Korean-owned company — but expect little tolerance for dissent or work-life balance (though younger generations continue to make progress on these fronts). If you are assertive and goal-driven, an American-owned firm may fit — though loyalty may be one-sided. Those who value consensus and equity may find a better match in Canadian or European firms, where protected leaves and diversity policies are ingrained. Upbringing matters, too. If you grew up equating hard work with moral virtue, you may overlook red flags. If you were raised to value rights and boundaries, you might resist being overrun — but also face friction with hierarchical employers. Canada has one of the world's most employee-friendly legal systems, with strong human rights laws, generous severance standards under common law, and courts that award damages for bad-faith conduct. But if your real boss sits in Houston, Seoul, or Beijing, things get complicated. For example: In many U.S. states, firms often rely on 'at-will' employment terms, whereby companies may terminate your employment without notice or severance pay. This makes for easy terminations, but less reward for employee loyalty and service. While 'at-will' terminations do not exist in Canada, an executive or manager based in the U.S. may resist an employee's proper severance entitlements, even with sound legal advice. Japanese and Korean companies may nominally guarantee long-term employment, but workplace hierarchy often overrides individual rights, and legal recourse is rare due to social stigma in those countries. Canadian employees should be alive to such cultural dynamics, ideally prior to signing an employment agreement. In China, while labour laws exist, they are limited, pro-business and highly ineffective in addressing or resolving employee complaints. The blurry division of power between the government and the courts, coupled with an emphasis on social stability over individual rights, means many Chinese employers remain largely unchallenged by employee grievances and complaints. Recent cases show how these clashes play out in court: China Southern Airlines (2023): The company was chastised by a Canadian court for 'abusive, unfair (and) cruel' treatment of an employee in its effort to manufacture just cause for dismissal or force a resignation. The court sided with the Canadian airline employee, awarding significant damages and reinforcing the principles of Canadian law. Tesla Canada (2023): Workers were allegedly penalized for taking protected sick leave. U.S.–style expectations led to complaints and eventual Ministry of Labour intervention, which forced Tesla to revisit their internal policies. Samsung C&T: The company reportedly retaliated against whistleblowers following its breach of U.S. federal trade laws. Settlements followed, but only after regulatory investigation and prosecution. Some traits increase your risk when working for foreign-controlled firms: High trust in employers by Canadians may lead to under-documenting important conversations, failure to seek appropriate legal or HR advice and be caught offguard in a workplace dispute. Avoiding conflict may cause you to stay silent about questionable business practices. Extreme loyalty, or a predisposition to conformity or deference, can put an employee at risk of being taken advantage of. In contrast, employees who document, ask questions and seek employment law advice early are better protected, or at least better informed when it comes to dealing with these employers. Before accepting an offer from a foreign-owned company in Canada, ask: Who really makes the decisions — your local manager or someone overseas? Does the company follow Canadian legal standards around severance, leaves and discrimination? Is your employment contract governed by Canadian law? Does the local HR/legal team have real authority, or are they just enforcing foreign policies? Always review the contract with an employment lawyer. If it limits you to the minimum protections under the Employment Standards Act, that's a red flag. Your values should align with your employer's culture and legal commitments. The law can protect you — but it will not and cannot buffer every cultural mismatch. Choose employers whose expectations respect both your rights and your personality. Because in the end, who you work for speaks volumes about who you are. Howard Levitt is senior partner of Levitt LLP, employment and labour lawyers with offices in Ontario, Alberta and British Columbia. He practices employment law in eight provinces and is the author of six books, including the Law of Dismissal in Canada. Jarret M. Janis is head of the Alberta office of Levitt LLP. 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