Each week, our team publishes a blog and webcast.
It’s not often that a stock jumps almost 7% in a single day because of an analyst upgrade. Nevertheless, that’s what happened on October 1 when Desjardins published a note about Algonquin Power & Utilities (“AQN”). “We are upgrading AQN to ‘Buy’ from ‘Hold,’ largely due to compelling valuation following recent weakness, strong management, and […]
Much like the Internet changed the world, so too will artificial intelligence. But with stock prices on fire lately, many are asking if we’re in a bubble that is ready to burst. When people foresee a bubble, anyone that owns stocks is wise to listen up. Federal Reserve Chair Alan Greenspan famously warned about “irrational […]
Last spring, shares of UnitedHealth Group (UNH) lost over half their value. The stock even dropped 18% on May 13, its worst single-day plunge since September 2008. With over 50 million people enrolled, UNH is the largest health insurance provider in the United States. Because customers have used their medical benefits at twice the expected […]
Western Copper & Gold (WRN) is up about 50% so far this year. But if Ottawa puts one particular project on its priority list to develop, the stock may go a lot higher sooner than later. WRN’s Casino Project in the Yukon just as easily could have been called Western Gold & Copper (instead of […]
Some may recall the raucous Question Periods during Paul Martin’s brief, 2-year minority parliament—the first since 1980—when he served as Canada’s 20th prime minister. Or his tenure as finance minister in the 1990s, when Ottawa’s deficits came under control. The spending had grown so out of control that Standard & Poor’s downgraded Canadian debt in […]
Last month, at a Rotary Club meeting, I found myself sitting next to someone I hadn’t met before. After asking about my profession, he leaned in a few minutes later and said, “Is it true that to get rich, you should only buy Canadian banks?” Well, I know of at least one person who rode […]
To my surprise, Maple Leaf Foods (“MFI”) has been our strongest performer this year, up nearly 80%. On February 26, 2024, we started buying MFI for clients at $22.82. At the time, the stock was about as unpopular with investors as I was with the ladies in high school. Just two trading days earlier, a […]
September has historically been a weak month for stocks, and this year’s sentiment will hinge on Jay Powell’s speech tomorrow at Jackson Hole Students aren’t the only ones uneasy about September—stocks often dread it too. Historically, it’s the worst month for the market. Since 1930, the S&P 500 has fallen about 55% of the time […]
Canada is entering a historic infrastructure boom. Electricity demand is expected to surge 25% by 2030, driven by artificial intelligence, electrification, and manufacturing. Aecon Group is perfectly positioned to build the critical infrastructure required to meet this exploding need. CEO Jean-Louis Servranckx recently said he’s “not worried about [revenue]”—and with good reason. Aecon’s backlog—the work […]
Mutual funds are marketed as safe and simple. But in reality, they often accompany hidden costs and conflicts of interest. We recently reviewed a portfolio managed by another institution. The Management Expense Ratio (“MER”), which is the total cost of owning a mutual fund and is embedded in its price, was much higher than its […]
