Tariffs, State Jabs Push Canadians to Ditch US Travel, Poll Says

Most Canadians say they plan to shun US travel this summer as the trade war between the two countries continues, according to a poll by Leger Marketing Inc.
Only 10% of Canadians plan to travel to the US this summer, down from 23% last year. And they're increasingly choosing to travel domestically, with 77% planning to do so compared with 69% last year.

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Yahoo

32 minutes ago

• Yahoo

TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime

Written by Amy Legate-Wolfe at The Motley Fool Canada Building wealth doesn't have to be complicated. With a Tax-Free Savings Account (TFSA), Canadians can grow their money over time without worrying about taxes on gains or income. But the key is picking the right stocks, ones you can hold for decades. The best TFSA stocks aren't necessarily the most exciting. They're the ones that quietly deliver strong returns, pay dividends, and stay resilient in all kinds of markets. Three great examples today are CCL Industries (TSX:CCL.B), Manulife (TSX:MFC), and WSP Global (TSX:WSP). CCL is one of the world's largest producers of labels and packaging. While that might not sound thrilling, it's a business built for stability. CCL has over 200 production facilities around the world, serving clients in healthcare, food, consumer goods, and tech. In its most recent earnings report, CCL reported revenue of $1.9 billion, up 8.6% from the year before. Earnings per share (EPS) hit $1.18, and free cash flow swung back to positive after a brief dip last year. This shows CCL isn't just growing, it's generating real cash that can support future expansion and dividends. The dividend stock currently pays a dividend yield of 1.6%, and it has a history of raising that payout over time. Then there's Manulife, one of Canada's largest insurance and wealth management companies. It operates in Canada, the U.S., and across Asia, giving it a strong global footprint. In its most recent quarter, Manulife reported $1.8 billion in core earnings, a steady result despite some market headwinds. Core earnings per share rose to $0.99 from $0.91 the year before. Net income dropped, mainly due to changes in investment values, but the core business remained strong. Its Canadian division saw solid insurance growth and lower expenses, while Asia showed promise as demand for wealth products improved. Manulife's dividend yield sits around 4.2%, and it has a long track record of rewarding shareholders. Finally, WSP Global is a lesser-known gem that delivers engineering and infrastructure consulting services around the world. Whether it's public transit systems, bridges, or green buildings, WSP is helping design the world's future. In its latest quarter, WSP saw revenue climb 22.4% to $4.4 billion, with net earnings of $144 million or $1.10 per share. That's up from $126 million last year. The dividend stock also reported a backlog of $16.6 billion, meaning it has years of projects already lined up. WSP's dividend is modest at just 0.55%, but it has room to grow thanks to strong earnings and demand. What makes all three of these stocks ideal for a TFSA is their mix of income, growth, and staying power. None of them are highly speculative. Each one operates in industries that are essential, whether it's consumer packaging, financial services, or infrastructure development. Each also generates healthy free cash flow, which supports dividend payouts and long-term investments in the business. Investors could invest $5,000 across all three today and collect quarterly dividends, with the potential for steady capital growth. And because these dividend stocks are diversified in what they do and where they operate, you get some built-in protection from market swings. In fact, $5,000 across each would bring in annual dividends of $316.60! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY INVESTMENT TOTAL CCL.B $78.11 64 $1.28 $81.92 Quarterly $4,999.04 MFC $42.18 118 $1.76 $207.68 Quarterly $4,977.24 WSP $272.26 18 $1.50 $27 Quarterly $4,900.68 A TFSA is one of the best tools Canadians have to build long-term wealth. The sooner you start filling it with solid, income-generating stocks like CCL, Manulife, and WSP, the more time you will give your investments to grow tax-free. You don't need to check the market every day. Just buy quality businesses, sit back, and let compounding do the rest. The post TFSA: 3 Canadian Stocks to Buy and Hold for a Lifetime appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends CCL Industries and WSP Global. 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

Yahoo

34 minutes ago

• Yahoo

Turn Your $7,000 TFSA Contribution Into a Lasting Income Stream

Written by Puja Tayal at The Motley Fool Canada The Tax-Free Savings Account (TFSA) is good for wealth creation, but you can also convert your TFSA into a source of lasting income. It all depends on your investment needs. Unlike the Registered Retirement Savings Plan (RRSP), which has an age limit of 71 years, the TFSA has no age limit. As long as you are over 19 years old, you can contribute to a TFSA. The 2025 TFSA contribution is $7,000 for a 19-year-old and a 79-year-old, irrespective of income bracket. If you are near retirement or have retired, you can build an emergency fund in your TFSA as withdrawals are tax-free. You can also create a lasting income stream to help you fight inflation and unexpected expenses. Here are a few stocks for your consideration. Real estate stocks associated with retail stores are a good investment for monthly income, as they tend to attract higher rent. Slate Grocery REIT (TSX: owns and leases a US$2.4 billion retail real estate portfolio in the United States. Supermarkets and groceries contribute to 46% of its rental income. These stores tend to do well in all economic conditions. Two of its largest tenants are Walmart and Kroger, which means the rental income is assured. The REIT earns rent in US dollars but pays monthly distributions to Canadians in Canadian dollars. In the current economic scenario of a trade war, you can earn a higher income as the US dollar strengthens. Now is a good time to invest in the stock and lock in an 8.1% yield. A $2,000 TFSA investment can start earning a $13.50 monthly income from next month onwards. CT REIT (TSX: is a safe investment for retirees as the majority of the rent comes from Canadian Tire. The retailer is revamping its growth strategy to boost sales in the current environment in which consumers are spending frugally. The growth strategy involves the opening of new stores, and CT REIT will be given the first preference to carry out the development. CT REIT increases its cash flow by increasing rent by 1.5%, adding new stores, and intensifying existing stores. The REIT passes on the cash flow to unitholders and has increased distributions by 3% for the last 10 years. A $2,000 TFSA investment can start earning a $9.95 monthly income from next month. For emergencies, you can consider stocks that pay quarterly dividends. Telus (TSX:T) passes on a portion of its cash flow from subscriptions to shareholders as dividends. Every year, subscriptions grow as it increases subscriber count and average revenue per user (ARPU). It has been paying dividends for 25 years and growing them annually by 7–10%. However, the company has reduced its dividend growth rate to 3–8% for the 2026–2028 period. This is because regulatory changes have increased price competition, and reduced immigration numbers have slowed new subscriptions, thereby slowing its ARPU. Despite these challenges, Telus can pay a 7.6% yield and grow your income to adjust for inflation. A $2,000 investment can earn $38.30 in TFSA quarterly income from January onwards. Canadian Natural Resources (TSX:CNQ) is a quarterly dividend stock that has been growing its dividend by an average annual rate of 23% for 24 years. CNQ generates cash flow by selling its natural gas and crude oil at market prices. It increases cash flow despite oil and gas price fluctuations by increasing production and shifting its product mix to higher-margin Synthetic Crude Oil. It is a good investment that can pay a 5% dividend yield. A $2,000 investment can start earning $25.20 in TFSA quarterly income from October onwards. You can allocate the $7,000 investment depending on the frequency of the payouts. Monthly income stocks can help cover daily expenses and provide quarterly payouts for those unexpected emergencies. The post Turn Your $7,000 TFSA Contribution Into a Lasting Income Stream appeared first on The Motley Fool Canada. More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources, Kroger, Slate Grocery REIT, TELUS, and Walmart. The Motley Fool has a disclosure policy. 2025

CBS News

an hour ago

• CBS News

Trump says "maybe" he'll try to fire Fed chief Jerome Powell

President Trump suggested Friday he may try to fire Federal Reserve Chair Jerome Powell, calling the central bank leader a "Total and Complete Moron" for leaving interest rates steady. The president has been lashing out against Powell for months, criticizing the central banker — whom Mr. Trump appointed in his first term — for not lowering interest rates at a faster pace. It's unclear whether the president is legally allowed to fire Powell before his term ends in May 2026, and Mr. Trump said in April he has "no intention" of doing so. But in a post criticizing Powell on Friday, Mr. Trump floated the idea, writing: "Maybe, just maybe, I'll have to change my mind about firing him?" "But regardless, his Term ends shortly!" the president added. Any attempt to fire Powell would be legally contentious. Federal law and prior court precedent says members of the Federal Reserve's Board of Governors, including the chair, can only be fired "for cause." The Supreme Court ruled last month that the Trump administration can fire members of other independent federal agencies — but specifically exempted the Fed, calling the central bank a "uniquely structured, quasi-private entity." Powell said last year he will not resign if Mr. Trump asks him to step down. The two met at the White House last month. Mr. Trump also called Powell a "dumb guy" in his Friday evening post. "I fully understand that my strong criticism of him makes it more difficult for him to do what he should be doing, lowering Rates, but I've tried it all different ways," Mr. Trump wrote on Truth Social. "I've been nice, I've been neutral, and I've been nasty, and nice and neutral didn't work! He's a dumb guy, and an obvious Trump Hater, who should have never been there." The Fed declined to comment to CBS News. Why has Trump criticized Powell? Mr. Trump's issues with Powell hinge on the Federal Reserve's interest rate policies. The central bank's interest rate-setting committee, which is chaired by Powell, has kept its benchmark rate steady so far this year, after lowering it slightly from a two-decade high last year — following a series of rate hikes in 2022 and 2023 to quell inflation. Most recently, the committee opted against lowering rates earlier this week, drawing backlash from Mr. Trump. The decision comes with tradeoffs. High interest rates can slow down economic growth and make it more expensive for Americans to borrow money, which is why Mr. Trump wants cuts. But lowering interest rates too quickly could overheat the economy and cause inflation to spike yet again. While inflation has cooled off in recent years, it's still higher than the Fed's 2% annual target, and the Fed warns Mr. Trump's tariffs could push prices up. "Because the economy is still solid, we can take the time to actually see what's going to happen," Powell said earlier this week. Mr. Trump disagrees, nicknaming Powell "Mr. Too Late" and arguing that inflation is already low. On Friday, the president amped up his criticism, calling Powell a "numbskull" and suggesting the other members of the rate-setting Federal Open Monetary Committee "override" him. Mr. Trump also said Powell should lower interest rates immediately and just hike them again if inflation spikes — an idea that's at odds with the Fed's cautious strategy. "Don't say that you think there will be Inflation sometime in the future, because there isn't now but, if there is, raise the Rates!" wrote Mr. Trump. The attacks are a redux of Mr. Trump's first-term criticism. The president pushed back against Powell after the Fed hiked interest rates in 2018, but called Powell his "most improved player" for slashing rates during the 2020 pandemic.