CIBC Overtakes Scotiabank in Market Value After Stock's 47% Run
CIBC has been the top-performing major Canadian bank over the past year, with its shares soaring 47%, giving it a market value of C$94.6 billion ($68.9 billion) as of Friday's close. It hadn't outranked Scotiabank since the early 2000s, until this month.
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Purpose Investments Announces Termination of Three Investment Funds
TORONTO, July 25, 2025 (GLOBE NEWSWIRE) -- Purpose Investments Inc. ('Purpose Investments') announced today its decision to terminate StoneCastle Equity Growth Fund and StoneCastle Income Growth Fund (each, a 'StoneCastle Fund' and together, the 'StoneCastle Funds') at the close of business on or about September 29, 2025 (the 'StoneCastle Funds' Termination Date'). Effective immediately, each StoneCastle Fund is closed to new purchases. Purpose Investments also announced its decision to terminate PK Core Fund effective as of the close of business today. PK Core Fund currently has no unitholders and is closed to new purchases. StoneCastle Funds Purpose Investments regularly reviews its fund offerings to ensure each offering is appropriately scaled, cost-effective, and economically viable for investors, while continually enhancing our fund platform to better serve investors. As part of its latest review, a decision was made to terminate the StoneCastle Funds due to their relatively small size, which has made it challenging to manage the StoneCastle Funds efficiently in accordance with their stated investment objectives. Holders of Series A and Series F shares of either StoneCastle Fund (collectively, the 'Shares') will have the option to redeem their Shares at net asset value on or prior to September 24, 2025, at 4:00 p.m. (EDT). No fees or redemption charges will apply. All Shares not redeemed prior to 4:00 p.m. (EDT) on the Termination Date will be automatically redeemed at net asset value, with the proceeds either deposited into the shareholder's account or sent via cheque mailed directly to the shareholder, dealer, nominee, or intermediary, as applicable. If required, a final distribution for each StoneCastle Fund will occur on or about the StoneCastle Funds' Termination Date. Shareholders will be sent a written notice regarding the termination of the StoneCastle Funds. There may be tax implications for shareholders with respect to any disposition of Shares. Shareholders are strongly encouraged to contact their financial advisor to discuss the financial and tax implications associated with a redemption of Shares and the termination of the StoneCastle Funds. About Purpose Investments Purpose Investments is an asset management company with more than $25 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information, please contact info@ Media Inquiries: Keera Hart 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be cautions the reader not to place undue reliance upon any such forward-looking statements contained herein, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'on pace', 'anticipates' or 'does not anticipate', 'believes' and similar expressions or statements that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements are based on information available to management at the time they are made, management's current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements of Purpose to be materially different from those expressed or implied by such forward-looking information. 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Forbes
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AI Action Plan Channels Rally Energy, Ignites U.S. Policy Debate
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30 minutes ago
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3 Canadian Dividend Knights Trading at Bargain Prices
Written by Amy Legate-Wolfe at The Motley Fool Canada When the market gets choppy, dividend stocks are often a safe harbour. But not all dividend stocks are created equal. Some companies have a long history of not just paying, but raising dividends through economic cycles. These are the dividend knights: mature, dependable firms with a proven track record. And when these trade at bargain prices, it's usually a rare opportunity. Right now, three Canadian dividend knights stand out: Royal Bank of Canada (TSX:RY), TELUS (TSX:T), and Enbridge (TSX:ENB). Let's take a closer look at why these blue-chip dividend stocks could be worth buying today. RBC Royal Bank is Canada's largest bank and a pillar of stability in the financial sector. And now, the dividend stock is back, far beyond its 2022 highs and surging. Even so, it holds a massive dividend now at 3.4% or $6.16 annually. So, while investors might be concerned about loan loss provisions, slow mortgage growth, and the broader economy, Royal Bank continues to deliver strong results. In the second quarter (Q2) of 2025, it reported net income of $4.4 billion, up from 11% the year before. Its capital markets segment bounced back, wealth management held steady, and Canadian banking remained the core engine. The company's common equity tier-one ratio, a key measure of financial strength, stood at 13.2%, well above regulatory minimums. Royal Bank has raised its dividend every year since 2011 and remains well-positioned to keep doing so. At around 14.5 times forward earnings, it's a bargain for long-term investors. TELUS Next up is TELUS, the telecom stock that's quietly become one of the most shareholder-friendly companies in the country. TELUS offers one of the highest dividend yields among its peers, currently around 7.4%. That's come partly because the dividend stock is down over 35% from its 2022 peak. Higher interest rates have taken a toll on capital-intensive companies like telecoms, and TELUS hasn't been spared. But the business remains fundamentally solid. In Q1 2025, TELUS posted revenue of $5.1 billion, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 4%. The dividend stock added 218,000 new customer connections, including growth in mobile and home internet. The dividend has been increased annually for over a decade and is supported by strong recurring revenue. With a long-term view, this is the kind of discounted dividend knight that's hard to pass up. Enbridge Lastly, we come to Enbridge, the energy infrastructure giant that's practically synonymous with steady dividends. Enbridge has increased its dividend every year for nearly three decades. Today, it offers a yield of 6.1%, a solid yield for a solid dividend stock. The market has been cautious about the company's debt and its exposure to oil and gas, but its results continue to impress. In Q1 2025, Enbridge reported distributable cash flow of $3.8 billion, up 9% year over year. It reaffirmed full-year guidance and maintained a payout ratio within its target range. Furthermore, the company has secured $28 billion in its backlog. The dividend stock's growth plan includes natural gas expansion and renewables, offering a future-focused portfolio even as it keeps paying today's generous dividend. Bottom line Of course, no investment is risk-free. Banks are exposed to credit cycles, telecoms face regulatory hurdles, and pipelines are tied to commodity flows and politics. But these three dividend stocks have managed through decades of change and still deliver shareholder value. Better yet, they're trading at valuable prices. And right now, a $7,000 investment in each stock would bring in $1,179.46 each year! COMPANY RECENT PRICE NUMBER OF SHARES DIVIDEND TOTAL PAYOUT FREQUENCY TOTAL INVESTMENT RY $182.00 38 $6.16 $234.08 Quarterly $6,916.00 T $22.50 311 $1.67 $519.37 Quarterly $6,997.50 ENB $61.75 113 $3.77 $426.01 Quarterly $6,978.75 Royal Bank, TELUS, and Enbridge all boast long dividend track records and dominant positions in their industries. With high yields and lower-than-usual valuations, each looks like a strong candidate for investors seeking passive income and long-term growth. Bargain-priced dividend knights don't come around often, and when they do, they're worth considering. The post 3 Canadian Dividend Knights Trading at Bargain Prices appeared first on The Motley Fool Canada. Should you invest $1,000 in Enbridge right now? Before you buy stock in Enbridge, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Enbridge wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge and TELUS. 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
