St. John's property tax assessments are out, and most are up. We explain the numbers
More than 40,000 homeowners in St. John's are learning how much property tax they'll have to pay to the city next year. We asked city councillor Ron Ellsworth to explain what a tax assessment is, why most bills have gone up and where the money goes.
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Globe and Mail
31 minutes ago
- Globe and Mail
If I Had to Pick Just 1 Dividend Stock, This Is It
It's easy to focus on stocks' price movements because it's the most straightforward way to measure performance. However, a lot of money can be made from stocks beyond just price appreciation. The key is dividends. Dividends are a way for companies to reward shareholders for simply owning a stock and can compensate for slow (or no) stock price growth. Ideally, you'll get both stock price growth and dividends, creating a lucrative two-for-one. 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 » There are thousands of dividend stocks on the market, but they're not all created equal. There are dozens that I think highly of, but if I had to choose only one to invest in, it would be Coca-Cola (NYSE: KO). You'll never have to doubt Coca-Cola's dividend When it comes to dividend security, you'd have a hard time finding a more reliable stock than Coca-Cola. It has paid out a dividend since 1920, but more importantly, it has increased its annual dividend for 63 consecutive years. Only eight companies on the stock market have a longer streak. Coca-Cola's current quarterly dividend is $0.51, with a yield of around 2.7% (as of June 10). It's not an ultra-high yield that other S&P 500 stocks may have, but it's still more than double the current S&P 500 average. KO Dividend Yield data by YCharts Coca-Cola's dividend yield is lower than usual because its stock price has had an impressive start to 2025, up over 17%. This hasn't been the recent norm for Coca-Cola's stock, but it's a nice addition to its dividend. A business built to withstand any economic conditions Coca-Cola is as close to a recession-proof business as you'll find on the market, and it comes down to two things: products that sell no matter what and pricing power. Coca-Cola products are considered consumer staples, meaning they're everyday items that people purchase regardless of economic conditions. When money is tight, consumers typically delay upgrading electronics, put off vacations, or cook at home instead of dining out at restaurants. What they don't typically remove from the budget are Coca-Cola products. This doesn't mean Coca-Cola doesn't face headwinds or slowdowns; it absolutely does. However, it does mean its core business remains relatively stable through economic downturns. And when volume slows down, Coca-Cola has the pricing power to increase prices without losing customers. As an example, look at Coca-Cola's first quarter of this year. Although global unit case volume only grew 2% year over year, Coca-Cola's organic revenue (which doesn't take into account foreign currency impacts) grew 6%. The ability to adjust prices to compensate for volume is a testament to Coca-Cola's strong brand loyalty. "Just raise prices" isn't the best long-term strategy, but it's one to lean on when consumer spending slows. Coca-Cola never seems to gets complacent Despite the massive success of Coca-Cola's core products like its flagship Coca-Cola soda, Diet Coke, and Sprite, Coca-Cola has never seemed to get complacent. Will those brands be Coca-Cola's bread and butter for quite some time? Most likely. However, it's nice to have a suite of successful brands that can complement those. After owning around 400 brands, Coca-Cola realized there's power in a large portfolio, but only if you can still operate efficiently. With a large portion of its sales coming from a small portion of its portfolio, Coca-Cola cut its portfolio by roughly half in 2020. By trimming its portfolio, Coca-Cola has been able to simplify supply chain management and distribution, which is crucial for a company with hundreds of bottling partners and distribution in over 200 countries. The slimmed-down operations are also why its revenue can be significantly less than competitors like PepsiCo (which sells drinks and food products), yet its net income can be much higher. KO Revenue (Quarterly) data by YCharts This doesn't mean Coca-Cola shies away from acquiring brands; they're just more selective and focused on adapting to changing consumer preferences (low-calorie, plant-based, alcohol ready-to-drink, etc.). If you're investing in a stock for the long haul, make sure the company has the ability and willingness to adapt and not get complacent. Should you invest $1,000 in Coca-Cola right now? Before you buy stock in Coca-Cola, 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 Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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an hour ago
- CTV News
Trump is ‘a showman before he's a statesman': former PM Joe Clark on annexation threats
Former Conservative Prime Minister Joe Clark discusses the current political landscape at a conference hosted by the University of Calgary in Calgary, Thursday, June 12, CANADIAN PRESS/Jeff McIntosh Amid the ongoing trade war between the U.S. and Canada, Canadians should bear in mind that U.S. President Donald Trump is 'a showman before he's a statesman,' former prime minister Joe Clark says. The leaders of the world's most advanced economies are descending on Kananaskis, Alta. for the G7 summit this week, with Trump expected to attend. Ahead of the gathering in Alberta, CTV Question Period host Vassy Kapelos asked Clark what's been going through his mind in recent months as Trump has levied sweeping tariffs and frequently threatened to annex Canada. 'He is a showman before he's a statesman, and we have to bear that in mind,' Clark said, in an interview airing Sunday. 'There's some degree to that in everyone in public office. You can't ignore your media when you're conducting public policy, now.' 'But his inclination as a quite unique kind of showman is to make his own impact rather than find agreement,' Clark added. 'That's very difficult to deal with, but it's not impossible.' Trump launched his trade war in February, implementing a slate of tariffs on Canadian goods and threatened to use 'economic force' to make Canada the 51st state. 'One of the questions I think all of us are asking regarding the United States is, who else is there around him who might be a restraining influence,' Clark said. While sources have told CTV News there has been substantial progress on a bilateral pact between Canada and the U.S., they also say Trump's own temperamental nature, plus recent domestic pressures — such as the protests in Los Angeles, Calif. and the president's feud with billionaire entrepreneur Elon Musk — are making any certainty around a timeline even more unpredictable. Asked about his expectations for the summit and any potential bilateral confabs taking place between Trump and Prime Minister Mark Carney, Clark said the latter's strength is finding the right time to make his case to the president. He also said it's 'always essential' for the leaders to have time away from the cameras for private discussions. 'One of the unusual factors of this summit with President Trump is that probably much more of the effective work will be done, in effect, off camera and away from some of the formal proceedings,' Clark said. 'And I know that the proceedings are not themselves broadcast live, but nonetheless, there is a performance aspect to his approach to public life that is now not as productive as a quieter approach might be.' Clark served as prime minister from 1979 to 1980, and Secretary of State for External Affairs, which is now Foreign Affairs, from 1984 to 1991 under former prime minister Brian Mulroney. You can watch former prime minister Joe Clark's full interview on CTV Question Period Sunday at 11 a.m. ET
CBC
an hour ago
- CBC
Business leaders want B.C. to end rule they say hurts farmers — and makes us more reliant on imported food
Business leaders in B.C. are calling on the province to end a rule that they say is hurting farmers and making British Columbians more reliant on imported food. In an opinion piece penned in the Vancouver Sun last week, Greater Vancouver Board of Trade CEO Bridgitte Anderson and B.C. Food & Beverage CEO James Donaldson said the so-called "50-50" food processing regulation on agricultural land is "outdated" and "hinders food security, innovation and growth." In B.C., any food processing done on land designated for farm use — Agricultural Land Reserve (ALR) — is only allowed if half of what is processed is grown on the farm or on a farm co-op. The other half can be sourced from anywhere in the world. But if that's not possible, Anderson said farmers and businesses end up taking products to the U.S. for processing, which are then brought back to B.C. for sale. "It is not only bad for our economy, it is bad for our food security, it is bad for the climate," Anderson told CBC's The Early Edition. In the Sun article, the pair said the restriction means it would be "economically illogical" for farmers to invest in processing if they're confined to processing only their own crops, rather than being able to process both their own and those of their neighbours. Anderson wants to see it eliminated so that more food products can be processed in B.C., which she said is crucial right now, as climate change affects food security around the world and political tensions make trade unreliable. "This is our opportunity for us to become our own food superpower, if you will, by just eliminating this one simple rule." In an email to CBC News, the Ministry of Agriculture said the rule exists to "promote farming in the ALR by enabling farms to process their own production, capturing the value-added income from the finished product." Anderson said when the ALR was established in 1973 it made sense to protect farmers and farmland, but she believes things are different now, and rules should evolve. "Times have changed and the kind of manufacturing that happens now on farmland has also changed," she said. "It is time to take a look at this and remove this rule that simply does not make any sense anymore." The province didn't respond to questions from CBC News about whether it would reconsider the rule. It did, however, say there are more than 800 food processing facilities in the ALR. Of the 51 applications for food processing and non-farm use to the Agricultural Land Commission in 2025, 88 per cent have been approved so far, the ministry said.
