Entries from February 2006
Wendy’s filed more information on the upcoming IPO of its Tim Hortons subsidiary recently. The highlights of the filing are:
Ticker: THI on TSX and NYSE
Price range: $21-$23
Offering size: up to 29 million shares (or up to $667 million)
Over-allotment Option: up to 4.35 million shares
Shares outstanding: 189 million
Market capitalization: $3.9-$4.3 Billion
Underwriters: Goldman Sachs, RBC Capital Markets, [...]
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Tags: Investing
I am adding DIY Finances to the Canadian Financial Blogs page. The author, a federal government employee living in Ottawa, writes about his personal journey to financial independence. He plans to learn, share and discuss real estate investments and hopes to own an income-producing property in the future. Posts are roughly once every day and [...]
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Tags: Miscellaneous
February 26th, 2006 · 2 Comments
Canadian MoneySaver magazine is presenting free seminars at many Costco locations across Central and Eastern Canada in April and May. The two-hour financial seminars will cover taxes, investments and financial planning. More information on the schedule, locations and how to register can be found in the MoneySaver website.
Note: The Money Blog Network hosted this [...]
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Tags: Miscellaneous
February 25th, 2006 · 7 Comments
Frugal Canadian, an accountant and a tax expert, has an excellent review of tax software products and one of her recommendations is TaxFreeway, which sells for a bargain basement price of $9.95 for unlimited tax returns. After a reader pointed out that the software is free to try (a product key is required to print [...]
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Tags: Software · Taxes
I have been using TaxWiz for filing our tax returns for many years and this year, decided to test-drive QuickTax. Both the software products are from the Intuit Canada (famous for the Quicken personal finance software) stable. TaxWiz, which retails for $19.95, is much cheaper compared to QuickTax (costs $39.95). Here are my impressions on [...]
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Tags: Software · Taxes
February 23rd, 2006 · 3 Comments
Mr. Garth Turner, self-described “Canada’s foremost personal finance source” and recently minted Tory Member of Parliament, is seeking input from middle-class Canadians on what they would like to see in the upcoming Federal Budget. He mentions a few ideas, some of which were proposed in earlier election platforms. Here is my wish list for the [...]
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Tags: Miscellaneous
February 21st, 2006 · 3 Comments
Some credit cards charge an annual fee and provide more generous rewards. Are these cards worth their annual fee? To find out, let’s compare the no-fee American Express AIR MILES credit card with the Gold card that carries a $50 annual fee. One AIR MILE is worth about 13.5ยข, so the Gold card earns more [...]
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Tags: Spending
February 20th, 2006 · 1 Comment
Mere months after TD Bank announced that it is exiting the ETF business, Claymore Investments is introducing the FTSE RAFI Canadian Index Fund (TSX: CRQ) that tracks a Fundamental Index, which uses factors like sales, cash flow, book value and dividends to determine the rank and weight of the component stocks. RAFI claims that Fundamental [...]
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Tags: Investing
February 19th, 2006 · 6 Comments
After years of using the American Express AIR MILES credit card, I recently applied for the American Express Costco Cash Rebate Card. The rewards rate on the AIR MILES credit card is 0.68%, whereas the Costco Cash Rebate is 1.5% (on spending over $5,000 to a maximum of $500).
In the comments to the earlier post, [...]
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Tags: Consumer
February 16th, 2006 · 5 Comments
PC Points and Sears Club loyalty programs have the most generous awards.
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Tags: Spending