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Help: My Canadian stock pays a U.S. dividend

2016-04-02 16:08:25| Chemicals - Topix.net

Quite a few Canadian companies listed on the Toronto Stock Exchange declare dividends in U.S. dollars, including Magna International Inc., Brookfield Asset Management Inc. and Algonquin Power & Utilities Corp. What are the tax implications of owning these stocks? Do they qualify for the dividend tax credit? Must I report the income as converted to Canadian dollars or do banks do that? Canadian-listed companies that derive a big chunk of their revenue in U.S. dollars often choose to pay dividends in U.S. currency.

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Canadian National Railway Play

2016-04-02 02:16:16| Railroads - Topix.net

It's safer to start buying in the low CAD$70 or US$49 based on a foreign exchange of US$1 to CAD$1.30. 2016 marks the 21st year of Canadian National Railway Company since IPO.

Tags: national play canadian railway

 
 

Canadian Navy selects HMCS Montréal for X-Ship programme

2016-04-01 01:00:00| Naval Technology

The Royal Canadian Navy's Halifax-class frigate HMCS Montréal has been selected for the X-Ship programme, which aims to advance novel naval concepts in the fields of warship deployment, crewing and sustainment.

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Canadian National Railway (CNI) Stock Rating Upgraded by Zacks Investment Research

2016-03-30 14:23:56| Railroads - Topix.net

The firm currently has a $68.00 target price on the stock. Zacks Investment Research 's price target would indicate a potential upside of 11.62% from the stock's current price.

Tags: research rating national stock

 

Norfolk Southern Sets May 12 Showdown Over Canadian Pacific Acquisition Bid

2016-03-29 19:33:51| Railroads - Topix.net

Norfolk Southern Corp. set a May 12 showdown with potential buyer Canadian Pacific Railway Ltd. by announcing that date for the annual meeting. Shareholders will say whether they want the board to negotiate a merger with the Canadian carrier at the meeting.

Tags: sets southern bid pacific

 

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