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Canadian dollar, TSX slide ahead of uncertain election outcome
financialpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialpost.com Daily Mail and Mail on Sunday newspapers.
CANADA STOCKS-TSX hits one-month low as oil prices slide; election in focus
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Fearless Forecast: Pent-Up Dividend Increases of Bank Stocks in 6-12 Months
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Lambeth abuse survivors speak out (Lambeth Town Hall / Yui Mok/PA) Families affected by the Lambeth Council abuse scandal have spoken out after suffering in silence for decades. It comes after a report by the Independent Inquiry into Child Sexual Abuse found that hundreds of children suffered abuse under the care of Lambeth Council. The inquiry into Lambeth Council, held in the summer of 2020, examined five facilities, Angell Road, South Vale Assessment Centre, the Shirley Oaks complex, Ivy House and Monkton Street, dating back to the 1960s. It heard evidence of children being raped, indecently assaulted and sexually abused, but said that of complaints from 705 former residents across three such facilities, only one member of senior staff was ever disciplined.
The
S&P/TSX Composite Index is off to a good start in May 2021 and even closed at a record-high (19,472.70) on the first week. Irwin Michael, a portfolio manager at ABC Funds, said in February 2021 that he sees pent-up dividend increases over the next six to 12 months.
Canadians with enough money can take the cue and start the trek towards $1 million. While the goal isn’t impossible, I should remind you that to pull it off, make the right investment choices and have a long investment horizon.
Invest for the long term
No one gets rich in the stock market overnight. The long-term investment approach is still the best way to have a crack at $1,000,000. You must be ready to lock in your money for the long haul and exercise patience. Historically, stocks deliver better, if not solid, long-term returns.