Portfolio Update

Algonquin Power & Utilities Corp (TSX: AQN, OTC: AQUNF) reported second-quarter revenues of $222.8 million, compared to $196.2 million during the second quarter in 2015. The increase was primarily due to contributions from its new facilities and new rates at its regulated utility operations.The company’s adjusted earnings came in at… Read More

The third quarter of 2016 continued its merry ways as the Dividend Champions portfolio notched up another good gain in August: 1.2% in U.S. dollar terms, following a 2.3% gain in July. Year to date the returns have now extended to 24%, with great performances notched up by some of… Read More

AltaGas (TSX: ALA, OTC: ATGFF) reported a strong second quarter driven by growth in its power segment in late 2015 and the addition of the San Joaquin assets and its McLymont Hydro facility.Normalized EBITDA increased 43% to C$153 million, with its acquired San Joaquin Facilities contributing about C$27 million. Normalized… Read More

The third quarter of 2016 started well for the Dividend Champions portfolio, with a U.S. dollar gain of 2.3% in July. We’re now up 20% year to date, with great performances notched by some of our holdings.The Canadian market is also up by about 20% in 2016, placing it among… Read More

Algonquin Power and Utilities Corp (TSX: AQN, OTC: AQUNF) announced it has received approval from Empire District shareholders for its C$3.4 billion merger, previously announced in February 2016. Shareholders approved the merger agreement with an overwhelming 95.5% of the votes cast. The deal has already received approval from the Federal… Read More

AltaGas (TSX: ALA, OTC: ATGFF) reported first-quarter normalized earnings before interest, taxes, depreciation and amoritization (EBITDA) of C$178 million, which was on par with the prior year’s quarter. The company’s three newly acquired natural gas-fired facilities generated EBITDA of C$36 million, which offset lower demand due to warmer weather.Normalized funds… Read More

The Canadian equity market continued its strong performance with a 3.9% gain in April, bringing the 2016 return to 8.8%. Commodity companies led the charge, with metals and energy producers gaining 70% and 28%, respectively.In US dollar terms, the Canadian market has added 20.4% so far in 2016 compared to… Read More

Equity markets continued dropping in February, with most of the major indexes losing value. The MSCI World Equities Index declined 1%, the MSCI Emerging Markets Index shed 0.3%, and the S&P 500 lost 0.5%. The Thomson Reuters Canadian Equity index (in U.S. dollars) was the star performer with a 4.3%… Read More

Equity markets started 2016 on a weak note with most of the major equity indexes losing value in January. The MSCI World Equities Index declined 6.1%, the MSCI Emerging Markets Index shed 6.6% and Standard & Poor’s 500 index dropped 5.1%. By comparison, the Thomson Reuters Canadian Equity Index (in… Read More