Latest news with #WesternCanada
Yahoo
a day ago
- General
- Yahoo
Lotto 6/49: Good Samaritan returns wallet with $1M ticket inside
Mario Raimondi of Winnipeg is $1 million richer, and he has a Good Samaritan to thank for it. After finding out that he won as part of the Gold Ball draw on April 25, he stored his ticket in his wallet. But at some point while Raimondi was out, that wallet, and the $1 million ticket inside, was lost. That's until he received a little bit more good fortune. 'I was lucky enough that someone found it and returned it to me,' said Raimondi, while claiming his prize with the Western Canada Lottery Corporation (WCLC). 'The ticket was still in my wallet when it was returned!' The longtime Lotto 6/49 player says he buys tickets for every draw and usually checks his numbers online. His habit of storing tickets in his wallet nearly cost him this time — but instead, it turned into a story of unexpected kindness. 'I'm taking this as a sign to pay it forward and help someone else out,' said Raimondi. 'My prayers have been answered!' Now that he's officially a millionaire, Raimondi already knows what's first on his shopping list. 'The first thing [on my list] is a new house!' he said. Raimondi purchased his winning ticket at the Red River Co-op at 1600 Regent Avenue West in Winnipeg. His lucky Gold Ball Draw selection — 27966889-01 — landed on a white ball worth $1 million. Lotto 6/49 offers players the chance to win two multi-million-dollar jackpots on every $3 play. The Classic Draw offers a $5 million jackpot every Wednesday and Saturday. The Gold Ball draw, however, is a new format introduced in September 2022, and guarantees a winner every time. It starts at $10 million, and includes 30 balls in the draw: 29 white and 1 gold. Each white ball is worth $1 million, whereas the gold ball represents the lucky jackpot prize. This Gold Ball jackpot continues to grow by $2 million each time a white ball is drawn, until it reaches $68 million with no more white balls remaining — which then guarantees a Gold Ball winner. If you're looking to take a break from gambling, self-exclusion programs can be effective tools. See here for resources that are available across Canada.
Yahoo
a day ago
- Business
- Yahoo
The $25,000 Approach to Building Lasting Wealth
Written by Adam Othman at The Motley Fool Canada Being a stock market investor in Canada can be a blessing due to the introduction of the Tax-Free Savings Account (TFSA). The Canadian government introduced it in 2009 to encourage Canadians to save more money. The incentive through the TFSA? Any earnings made from assets held in the 'savings' account will be tax-free. You can use the account to hold cash and generate interest income without incurring taxes on it. However, there's a lot more that you can do with the contribution room you get in the account. You can even allocate some of the contribution room to buy and hold stocks to generate tax-free wealth growth through capital gains and dividends. The Canadian energy sector has long been an attractive space for Canadian investors seeking long-term dividend income. Canadian Natural Resources Ltd. (TSX:CNQ), perhaps one of the most reliable energy producers in the country, may be ideal for this purpose. Canadian Natural Resources is a $94.7 billion market-cap Calgary-based energy producer. It is a top dividend stock that might offer some upside potential to investors. CNQ produces oil and gas, boasting vast natural gas resources in Western Canada and significant operations off the coast in Africa and the North Sea. The business is well-capitalized, and has a track record of making good acquisitions at opportune times and an impeccable reputation for paying investors their dividends. It has increased payouts for the last 25 years without fail. As of this writing, it trades for $45.24 per share and boasts a 5.2% annualized dividend yield that you can lock into your portfolio. Enbridge Inc. (TSX:ENB) is another top Canadian energy stock. Boasting a $136.05 billion market capitalization, the Calgary-based company is an energy infrastructure company. It has an extensive pipeline network responsible for transporting a lot of the hydrocarbons produced and consumed in North America. The company also boasts one of the largest regulated natural gas utility businesses under its belt, alongside a growing portfolio of renewable energy assets. Enbridge charges other energy producers for using its network, marginally shielding the company from the effects of volatile commodity prices. Its utility segment provides stable and predictable cash flows. The growing renewable energy arm will future-proof the company in a greener energy industry. As of this writing, ENB stock trades for $62.41 per share, with a 6% annualized dividend yield, and it boasts an over three-decade dividend-growth streak. The TFSA can be an ideal investment vehicle for anyone with a sound long-term strategy. When using it to invest in dividend stocks, you can use the quarterly or monthly distributions to line your account balance with extra cash. If you choose to reinvest the dividends using a Dividend Reinvestment Plan (DRIP), you can unlock the power of compounding and accelerate your wealth growth. To this end, high-quality dividend stocks that keep increasing payouts like ENB stock and CNQ stock can be worthwhile investments to consider. The post The $25,000 Approach to Building Lasting Wealth 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 Adam Othman has no position in any of the stocks mentioned. The Motley Fool recommends Canadian Natural Resources and Enbridge. The Motley Fool has a disclosure policy. 2025
Yahoo
2 days ago
- General
- Yahoo
Lotto 6/49: Good Samaritan returns wallet with $1M ticket inside
Mario Raimondi of Winnipeg is $1 million richer, and he has a Good Samaritan to thank for it. After finding out that he won as part of the Gold Ball draw on April 25, he stored his ticket in his wallet. But at some point while Raimondi was out, that wallet, and the $1 million ticket inside, was lost. That's until he received a little bit more good fortune. 'I was lucky enough that someone found it and returned it to me,' said Raimondi, while claiming his prize with the Western Canada Lottery Corporation (WCLC). 'The ticket was still in my wallet when it was returned!' The longtime Lotto 6/49 player says he buys tickets for every draw and usually checks his numbers online. His habit of storing tickets in his wallet nearly cost him this time — but instead, it turned into a story of unexpected kindness. 'I'm taking this as a sign to pay it forward and help someone else out,' said Raimondi. 'My prayers have been answered!' Now that he's officially a millionaire, Raimondi already knows what's first on his shopping list. 'The first thing [on my list] is a new house!' he said. Raimondi purchased his winning ticket at the Red River Co-op at 1600 Regent Avenue West in Winnipeg. His lucky Gold Ball Draw selection — 27966889-01 — landed on a white ball worth $1 million. Lotto 6/49 offers players the chance to win two multi-million-dollar jackpots on every $3 play. The Classic Draw offers a $5 million jackpot every Wednesday and Saturday. The Gold Ball draw, however, is a new format introduced in September 2022, and guarantees a winner every time. It starts at $10 million, and includes 30 balls in the draw: 29 white and 1 gold. Each white ball is worth $1 million, whereas the gold ball represents the lucky jackpot prize. This Gold Ball jackpot continues to grow by $2 million each time a white ball is drawn, until it reaches $68 million with no more white balls remaining — which then guarantees a Gold Ball winner. If you're looking to take a break from gambling, self-exclusion programs can be effective tools. See here for resources that are available across Canada.
Global News
3 days ago
- Business
- Global News
Middle East tensions boost oil prices, threaten to disrupt supply
Tuesday marked the fifth day of fighting between Israel and Iran with the risk of a widening conflict dampening investors' risk appetite. With tensions running high, U.S. crude rose 2.26 per cent to $73.39 a barrel for West Texas crude — the U.S. benchmark oil price — while Brent crude, the European benchmark price, rose to $75.09 per barrel, up 2.54 per cent on the day. The price of Western Canada select was trading at just under $58 U.S. on Tuesday morning — well above the low of less than $48 in early May. The Israel-Iran conflict could further drive up prices for crude oil and gasoline. Iran is a major producer of oil and it sits on the narrow Strait of Hormuz, through which much of the world's crude passes. View image in full screen Oil prices have jumped on fears a wider Middle East conflict could disrupt tanker traffic in the Strait of Hormuz, through which much of the world's oil supply is shipped. File No disruptions to the global crude supply have been reported yet, although news of a collision between two ships in the Gulf of Oman sent another brief jolt through the oil market overnight. Story continues below advertisement 'This is happening at a point in time where we are less sensitive, first of all, the fact being that oil prices are still down year to date and secondly, the macro-economy is showing that financial markets are relatively resilient at the moment,' Bjarne Breinholt Thomsen, head of the cross-asset strategy at Danske Bank, said in a webinar on Tuesday. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy The volatility has also hit all the major stock markets with the Dow Jones Industrial Average, the S and P 500, the Nasdaq and the TSX composite index all down slightly in Tuesday morning trading. The Canadian dollar traded for around 73 cents U.S. Tuesday morning, down from Monday's close at $73.76. Gold prices backed off slightly on Tuesday, trading at just under $3,400 U.S. per ounce around noon, after jumping to $3,424.24 on Friday as investors sought a safe place to put their cash. That's about $1,097 higher than a year ago. 0:50 Massive fire at Iran oil depot after Israeli attack Investors will also be keeping an eye on the U.S. Federal Reserve when it meets on Wednesday to discuss whether to lower or raise interest rates. Story continues below advertisement U.S. President Donald Trump has been critical of chairman Jerome Powell for not cutting interest rates. The nearly unanimous expectation among traders and economists is that the Federal Reserve will continue to stand pat as it waits to see how Trump's tariffs affect the American economy. 'One thing that settled the markets earlier this year was the independence of the Fed (Federal Reserve) and the fact they would not be influenced, but data-driven,' said Matt Rubin, chief investment officer at Cary Street Partners in Richmond, Va. 'Jerome Powell is going to continue to express that they are focused on data at this point and that data does not warrant a cut.' If oil prices remain elevated in the long-term, they could be a blessing for Alberta's provincial budget, which was forecasting a $5.2-billion deficit on the expectation that oil prices would average about $68 per barrel. Each $1 increase in the price of oil is predicted to increase provincial government revenues by about $750 million. — With files from Reuters and The Associated Press
CTV News
3 days ago
- Politics
- CTV News
Kurek looks to leave mark on Canada with bill to add a new national symbol
Conservative MP Damien Kurek, who announced he would give up his seat so party leader Pierre Poilievre can run in a byelection, arrives for meeting of the Conservative caucus on Parliament Hill in Ottawa, on Sunday, May 25, 2025. THE CANADIAN PRESS/Justin Tang OTTAWA — Outgoing Conservative MP Damien Kurek is looking to leave his mark in Parliament by pushing for the adoption of a national livestock brand as one of Canada's symbols. Kurek introduced a bill in the last Parliament to create the new brand but that bill didn't pass before the election was called, meaning it now has to start over. But Kurek may resign his seat as early as Tuesday to make way for Conservative Leader Pierre Poilievre to run in a byelection in Battle River— Crowfoot and attempt re-enter the House of Commons. So Saskatchewan Conservative MP Steven Bonk reintroduced the bill to establish a national livestock brand on Kurek's behalf last week. The proposed design is a Maple Leaf on top of what looks like a small arch, which Kurek described as an inverted quarter circle in 'brand lingo.' 'In the midst of everything that represents the best of what Canada is, conspicuously absent in the inventory of symbols was something that specifically acknowledges that Western and frontier history that was so fundamental in building, not just Western Canada, but the entirety of our nation,' Kurek said in an interview. Shortly after the election, when Poilievre failed to win his own seat of Carleton in Ottawa, Kurek agreed that as soon as the rules allowed he would step aside to allow Poilievre to run there. Under the rules Tuesday is the first day Kurek can do that. Prime Minister Mark Carney previously said he would call a byelection for the riding as soon as he is able. In its new iteration, the legislation includes a reference to the new national symbol being able to 'promote national unity.' That comes a separatist sentiment is on the rise in Alberta, and that province heads toward a potential referendum on the issue next year. 'At a time when I hear often that people feel like our national unity is in fact at risk, to be able to showcase in a practical way through symbolism, to say, 'look, Western Canada, it matters,'' Kurek said. 'And then the key part of that is it can't simply stay at symbolism.' Kurek said that includes making sure Alberta has the ability to get its resources, like oil, to market. Alisson Lévesque, Culture Minister Steven Guilbeault's communications director, said in an emailed statement that the bill is being reviewed and 'we will have more to say when it reaches second reading in the House.' If the bill is passed, the livestock brand would join the list of national symbols like the flag, coat of arms, beaver, hockey, the maple tree and even the national horse. Like the coat of arms, Kurek said the livestock brand is similarly used in agricultural families as a 'heraldic symbol.' Kurek said his family no longer farms cattle, but his great-grandfather registered a J K quarter circle brand that's continued to be passed down through his family. Kurek's father, Jay Kurek, died at the age of 54 last year. As Kurek prepares to trade his seat in Parliament for the cab of a tractor, he said that his family's brand is symbol that connects him to his family history, a common view in farm families. 'It speaks to something bigger than oneself and that's why even though I won't be the one that has the opportunity to shepherd this, hopefully, through Parliament - it's the fact that it means something to, I hope, so many Canadians is why I'm excited that conversation can in fact keep moving forward,' Kurek said. This report by The Canadian Press was first published June 17, 2025. David Baxter, The Canadian Press
