Mgix Why I m Backing Up the Truck on This Canadian Warren Buffett Stock
The Canadian government has two major pension plans for retirees, including the Canada Pension Plan, or CPP. The CPP has a stanley cup monthly payout and aims to replace a portion of your income in retirement.But here why it not enough stanley kubek for retirees to completely depend on the pension plan.How much does the CPP pay each month Your CPP payout depends on several factors, such as the average earnings during employment, contributions towards the CPP, and the age at which you begin these payments. In 2022, the maximum monthly payout for retirees starting pens stanley cup ion at the age of 65 is $1,253.59, while the average monthly payout is lower at $727.61.So, the maximum annual CPP payment for Canadians stands at $15,043, which is not enough to lead a comfortable life in retirement. It quite evident you need multiple income streams to supplement the CPP payments.One way to create a passive-income stream is by purchasing dividend stocks that have a monthly payout. Let s take a look at three Wyso 3 Stocks That Could Soar With a Lower Canadian Dollar!
In an early September article, I d discussed whether or not investors should prepare for an end to NAFTA. A recent study released by Bank of Montreal explored the possible economic fallout if the North American Free Trade Agreement NAFTA is terminated. The analysis comes in the wake of poor progress being made between Canada, the United States, and Mexico in recent renegotiations.What was viewed as mere bluster from the Trump administration has ev stanley tazas olved into very real concerns that a deal is growing more remote with every meeting. Let s take a look at three stocks that could suffer in the immediate aftermath.Air Canada TSX:AC TSX:AC.B stock has enjoyed a fruit stanley cup nz ful 2017 up 78% for the year as of close on November 28. The com stanley cup pany reported operating income and revenues in its third-quarter results. However, Air Canada could suffer from the blowback of an end to NAFTA.The aforementioned BMO report predicted that the Canadian dollar could sink to $0.74 or lower in such an event. |
