Suncor (SU) is about to potentially merge with Petro Canada (PCA) in an all stock exchange to become the largest energy company in Canada. Should the deal meet Canadian government approval, both companies will trade under the symbol SU. Existing PCA owners will receive 1.28 shares of SU for every share of PCA that they own.
Question for you, what are your thoughts on selling a company that is about to merge with another? I’ve been thinking about selling my PCA shares ever since the big news.
Disclosure: I hold both SU and PCA.
Sales Tax Going up in Ontario!
It seems that Ontario may be going the way of harmonized sales tax (like Atlantic Canada). The Ontario government may say that it’s for the business owners, but in the end, it’s the consumer who will be paying more taxes. When they harmonized sales tax here in NL, everything went up in price. Gasoline, baby clothes, new houses, real estate/lawyer fees and insurance all got more expensive.
This new change in the taxation system may affect other Canadians as well as there are quite a few mutual fund companies based out of Ontario. This may result in mutual funds increasing their MERs.
You can read more about this on Canadian Capitalist.
One year ago, I explained the differences in Non-Refundable Tax Credits and Tax Deductions.
Four Pillars hosted this weeks Carnival of Personal Finance!
The Financial Blogger lists 3 reasons why investors should not time the market.
Money Grubbing Lawyer has an entertaining article about negotiating in: Leave Emotion out of Negotiation.
The Digerati Life writes about the buy and hold strategy.
Lazy Man and Money lists 7 new rules of financial security.
The Sun’s Financial Diary evaluates Pin vs Signature debit transactions.
Brip Blap tells us that everything will be fine.
Money Smart Life claims that all CEO’s are crooks!
My Dollar Plan explains how to manage money in your marriage.
Generation X Finance lists 5 things we can learn from the market bust.
Frugal Dad shows us the financial impact of having kids early.If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).