Latest news with #DST
Yahoo
a day ago
- Business
- Yahoo
Dividend Investing: 2 Undervalued Stocks to Buy and Hold for the Next 5 to 8 Years
Written by Joey Frenette at The Motley Fool Canada Canadian dividend investors have plenty of yield-heavy options as we approach the middle of July and the peak summer season. Undoubtedly, the TSX Index is running hot, but after President Donald Trump's latest tariff threats (of 35%), the TSX could run out of steam and sit on the sidelines, even as the S&P 500 and Nasdaq 100 indices continue to proceed higher. Indeed, it's a frustrating time for some Canadian investors exposed to those tariff-sensitive plays. But given the market's resilience and the fact that Canada wants to play ball (they pulled back on the DST (Digital Services Tax) to resume negotiations with the U.S.), I do think that investors probably shouldn't opt to sell now as they plan to buy into weakness. It's hard to tell when the next correction will hit or if the 35% tariff will even see the light of day come the start of August. Indeed, the can may be kicked further down the road, or we may get a surprise deal that sets the TSX Index up very well for a strong finish to 2025. In any case, timing the market or trying to predict things is never a good idea for new investors. Instead, it pays literal dividends to go for the undervalued names on weakness as you aim to hold them for years at a time before their full worth is recognized by most other investors. Here are two dividend-paying names I like for the next five to eight years (and even beyond): First up, we have a fertilizer-producing top dog in Nutrien (TSX:NTR), which sports a nice 3.8% yield at the time of writing. And while the stock received another downgrade (to Hold from Buy), this time courtesy of Jefferies. Indeed, there may be a lack of catalysts ahead, and the potential for fertilizer prices to retreat a bit. And while Nutrien can't control which direction potash (and other agricultural commodity) prices move over the short term, I do think the firm is excelling at driving down costs of production and riding out periods of industry stagnation. Despite the recent downgrades and calls for more muted upside, I remain a bull for the soaring global population that calls for higher crop yields. While the $40 billion producer may get a bit choppier from here (1.2 beta, which entails more volatility than the TSX Index on average), I think any dips will be more than worth buying for the long haul. Shares are still down around 40% and offer plenty of bang for the buck. BCE (TSX:BCE) disappointed many income investors when it reduced its payout, but with a more sustainable 5.8%-yielding dividend, I do think it's time for value hunters to get back into the name on recent strength. Sure, the latest 9% pop off recent lows may be dwarfed by the nearly 60% implosion that preceded it. Simply put, BCE is profoundly unloved, but may be in for a considerable relief bounce at some point over the next couple of years. But with deep value to be had and a massive valuation 'reset' now in the books, it may not take much to send shares rocketing higher again. Additionally, I think the AI data centre initiative (Bell AI Fabric) is quite intriguing and could eventually grow into a nice business that helps nudge BCE to its former glory. In the meantime, look for the fibre-first move and cost cuts to help BCE gain ground as the telecom improves the state of its balance sheet. The post Dividend Investing: 2 Undervalued Stocks to Buy and Hold for the Next 5 to 8 Years appeared first on The Motley Fool Canada. Before you buy stock in BCE, 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 BCE 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 $24,927.94!* 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 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Joey Frenette has no position in any of the stocks mentioned. The Motley Fool recommends Nutrien. The Motley Fool has a disclosure policy. 2025
The Hindu
a day ago
- Business
- The Hindu
Too close for comfort: On America's tariff and U.S.-Canada ties
On July 10, U.S. President Donald Trump announced a 35% tariff on Canadian imports, despite Ottawa rescinding a 3% digital services tax (DST) that was to go into effect on June 30; Mr. Trump had dubbed this as an 'attack on American firms'. Canada expected that it would generate about $5 billion from DST on revenues from Canadian-source digital services over five years dating it back to January 1, 2022. The 35% tax was imposed despite ongoing trade talks, which Canada was hoping would result in a trade deal by July 21 — as agreed upon between Canadian Prime Minister Mark Carney and Mr. Trump on the sidelines of the G-7 summit in mid-June. The new 35% tax, that was conveyed to Mr. Carney through a letter, which Mr. Trump sent to more than 20 U.S. trading partners, is likely to exempt items compliant under the 2018 United States-Mexico-Canada Agreement. Canada and the U.S. are each other's largest trading partners. In fact, despite Mr. Trump's constant refrain about the flow of fentanyl, the opioid coming through America's northern borders (less than 0.1% of what lands in the U.S.), what has rankled the American President is the trade surplus of about $63 billion in Canada's favour. This on-again-off again approach to tariffs as a stick against America's trading partners has forced even steadfast allies such as Canada to scramble to diversify. Hours before receiving Mr. Trump's letter, Mr. Carney posted a picture of himself with British Prime Minister Keir Starmer on X, saying, '... the world is turning to reliable economic partners like Canada.' America's action against Canada brings to mind a similar episode about a decade ago between close neighbours, India and Nepal. India closed land ports following the enactment of Nepal's new Constitution citing fears about the treatment of the minority Madhesi community that has had close ties to India. This action crippled Nepal's land-locked economy that was entirely reliant on Indian ports such as Kolkata and Visakhapatnam for its trade. Acute fuel and medicine shortages followed. Nepal's GDP collapsed from 3.3% in FY15 to 0.2% in FY16, and Nepalis began harbouring a deep resentment toward India. New Delhi's move forced Nepal to recalibrate its foreign and economic policy, eventually leading it to join China's Belt and Road Initiative in 2017 and accepting massive infrastructure funds from Beijing, much to New Delhi's dismay. This episode, between two vastly different nations, would serve Washington well to realise that mending a trade imbalance must not come at the expense of losing one of its closest allies with deep running cultural and linguistic ties, as Canada, with an economy that is one-eleventh that of the U.S. albeit with a trade surplus, now attempts to redraw its foreign and economic strategies.
Toronto Sun
3 days ago
- Business
- Toronto Sun
GUNTER: If Trump forces end of Canadian supply management, good riddance
Prime Minister Mark Carney and U.S. President Donald Trump pose during a group photo at the G7 Summit in Kananaskis, Alta., on Monday, June 16, 2025. Photo by Mark Schiefelbein / AP Remember when the Liberals were adamant they would never give up their digital services tax (DST)? This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account They were all 'elbows up.' They huffed they would never give in to the Trump White House. Besides, they were sure there were votes to be had in making 'rich' American streaming services pay more than $2 billion a year. That was on a Friday. By late that Sunday, the Libs had folded. Completely. What changed in 48 hours is that U.S. President Donald Trump threatened to cut off all trade talks with Canada if the Liberals didn't jettison the DST. The Liberals did the right thing. The DST was a bad idea. Canadians would have suffered higher subscription costs, higher prices for delivered goods and fewer viewing choices. But the way the government went about doing away with the DST made Prime Minister Mark Carney look weak. So weak, it's only a matter of time before Trump comes back looking for more. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The safe bet is supply-managed agriculture will be next. Canadians should be grateful. In Canada, all but the smallest, artisanal agri-food businesses are controlled by government-backed marketing boards that decide who can produce — and more importantly sell — milk, cream, butter, cheese, yogurt and other dairy products. Eggs, chicken and turkey are included, too. Price controls and import restrictions are also part of supply management. Some dairy products, for instance, are protected against imports from the States and EU by tariffs as high as 300 per cent. It's a good deal for supply-managed producers. It protects them from competition and ensures they received stable prices without much risk. But it's a bad deal for consumers. Economists estimate the average Canadian family pays $400 a year more for dairy alone. This advertisement has not loaded yet, but your article continues below. There's another problem, too. Milk supply is heavily skewed toward drinkable milk. That makes the price of milk for producers of, say, special yogurts, too expensive. So consumers have fewer choices. Supporters of supply management claim it protects farmers' incomes, making it unnecessary for governments to subsidize their livelihoods, as they often do in the U.S. But that only means that Canadians are subsidizing farmers as consumers, rather than as taxpayers. (They shouldn't have to do either.) For decades, Canadian politicians of all stripes have been afraid to significantly modify supply management. The farm lobby is more vocal than the consumer lobby. And supply management is heavily concentrated in vote-rich Ontario and Quebec. This advertisement has not loaded yet, but your article continues below. It's no coincidence that the first motion passed by Parliament after April's election was a unanimous resolution, introduced by the Bloc, to exempt supply management from any future trade talks. It won't be as easy for the Liberals to crater on supply management as it was on the DST. The digital tax had few supporters. Supply management has vehement defenders in parts of the country the Liberals count on to keep them in power. For instance, while the farm receipts from supply-managed operations account for less than 10 per cent of total farm income on the Prairies, they can be more than three times that much in Ontario and Quebec. And all across the country, diary quotas in particular can cost millions for new farmers to buy from older ones. That is a 'stranded cost' that would have to be paid for by any government wanting to disband supply management. This advertisement has not loaded yet, but your article continues below. The cost could be well over $20 billion to buy out supply-managed farmers. But Australia ended supply managed dairy during the 1990s. Their consumers now enjoy lower prices while their farmers enjoy revenues more than 50 per cent greater after inflation. When the Harper government sought to get rid of the Wheat Board monopoly over Prairie grains in 2012, there was no end of fearmongering over the devastation it would rain on farmers. But that never materialized. There are very few wheat farmers who would go back to old way. Provided the stranded costs are fairly handled, a decade from now few farmers would miss supply management, either. World Relationships World Toronto Blue Jays MLB
Edmonton Journal
3 days ago
- Business
- Edmonton Journal
Lorne Gunter: If Trump forces end of Canadian supply management, good riddance
Article content Remember when the Liberals were adamant they would never give up their digital services tax (DST)? Article content Article content But the way the government went about doing away with the DST made Prime Minister Mark Carney look weak. So weak, it's only a matter of time before Trump comes back looking for more. Article content The safe bet is supply-managed agriculture will be next. Canadians should be grateful. Article content In Canada, all but the smallest, artisanal agri-food businesses are controlled by government-backed marketing boards that decide who can produce — and more importantly sell — milk, cream, butter, cheese, yogurt and other dairy products. Eggs, chicken and turkey are included, too. Article content Article content Price controls and import restrictions are also part of supply management. Some dairy products, for instance, are protected against imports from the States and EU by tariffs as high as 300 per cent. Article content It's a good deal for supply-managed producers. It protects them from competition and ensures they received stable prices without much risk. Article content But it's a bad deal for consumers. Economists estimate the average Canadian family pays $400 a year more for dairy alone. Article content There's another problem, too. Milk supply is heavily skewed toward drinkable milk. That makes the price of milk for producers of, say, special yogurts, too expensive. So consumers have fewer choices. Article content Supporters of supply management claim it protects farmers' incomes, making it unnecessary for governments to subsidize their livelihoods, as they often do in the U.S.
United News of India
5 days ago
- Science
- United News of India
Kashmir's cool climate was once a subtropical paradise, study reveals
New Delhi, July 10 (UNI) While Kashmir's cool, temperate climate is widely relished today, you will be surprised to know that it was once a warm, humid subtropical haven, as has been revealed by a recent study. This stark transformation, now buried in the past, has been uncovered through the analysis of fossilized leaves and tectonic processes that reshaped the region's environment, said the research led by experts from the Birbal Sahni Institute of Palaeosciences (BSIP), Lucknow under the autonomous institute of the Department of Science and Technology (DST). The experts uncovered the rich collection of fossilized leaves from the Karewa sediments of Kashmir, which were curated by the late Prof. Birbal Sahni and Dr. GS Puri. These specimens, remarkably well-preserved, exhibit a striking resemblance to subtropical plants no longer found in the valley's current temperate ecosystem. Intrigued by this stark contrast between past and present vegetation, a team of palaeobotanists, including Dr Harshita Bhatia, Dr. Reyaz Ahmad Dar, and Dr Gaurav Srivastava, delved deeper into the region's climatic and tectonic evolution. Their research points to the tectonic uplift of the Pir Panjal Range, a sub-Himalayan mountain range, as the key factor behind this drastic transformation. The gradual rise of the Pir Panjal Range is believed to have blocked the Indian summer monsoon, cutting off the water supply to the valley. Over millennia, this tectonic event shifted the region from a subtropical paradise to a Mediterranean-type climate, drying up its lush forests and altering the very fabric of its ecosystem. The scientists employed advanced methodologies, such as CLAMP (Climate Leaf Analysis Multivariate Program), to analyze the shape, size, and margins of the fossilized leaves. This enabled them to reconstruct temperature and rainfall patterns from millions of years ago and cross-check these with modern-day plant relatives. The results provided a vivid picture of a warm, rain-soaked Kashmir, which gradually became more arid as the mountain range rose, as per a statement from the DST. Published in the journal Palaeogeography, Palaeoclimatology, Palaeoecology, the study is not just a glimpse into Kashmir's climatic past but also a crucial tool for understanding the potential impact of ongoing climate change. As global temperatures continue to rise and alter rainfall patterns, this research offers valuable insights into how mountain ecosystems, like the Himalayas, might adapt—or struggle—in response to environmental shifts. The findings also highlight the importance of preserving fragile mountain regions, which are particularly vulnerable to the effects of climate change. By studying how ancient tectonic shifts influenced climate, scientists can develop better models to predict future environmental changes and their impact on ecosystems, said the statement. UNI AJ PRS
