Each week, our team publishes a blog and webcast.
Lately, many have opined that the Federal Reserve will avoid making major monetary policy adjustments during the same year as a Presidential election. After all, the Fed is a creation of Congress, and its Chair is nominated by the President itself. The current term of its present chair, Jay Powell, ends in 2026. Historically speaking, […]
The law identifies an “insider” to be a person that has a special relationship with a publicly traded company. This relationship is based on the person’s position, share ownership, or information they might possess about the company that other people do not know. However, insiders are legally allowed to trade their company’s stock. It must […]
It now looks like rates will get cut sooner than previously thought. This week, the market began to price in the first U.S. rate cut to take place as early as March 20. This time last week, the expectation was for a cut to happen on May 1. Canada will surely cut rates as well, […]
December is historically a great month for stocks. In fact, over the last hundred years, the only decade to post a negative median return during December was in the 1930s. All decades since — from the 1940s until the 2020s — have posted a positive median price return during December. There are several reasons that […]
Everything was going well for Aecon Group, the Toronto-based construction and infrastructure development company, until last year. After all, this was the same company that China attempted to buy for over $20/share back in 2017. The fed blocked the deal, so it never closed. Aecon has many projects on the go, and four of them […]
Unfortunately, every industry has its share of thugs. There’s always a doctor getting involved with a patient; a lawyer overbilling; an author plagiarizing; a politician telling lies; or a salesperson hiding salient facts about the product… we could go on. Wealth management has its share as well. The stories we all read about usually involve […]
Many have been looking more closely at the rates offered by a Guaranteed Investment Certificate, also known as a “GIC”. Some ask, “why take on equity risk when I can buy a GIC and earn a 5% return for a couple of years?” There are many reasons. First, if you have a time horizon beyond […]
With so much geopolitical unrest abroad, you would expect a rush to safety. Normally, that means long-term bond prices catch a bid (causing their respective yields to fall). However, that’s not the case this time. Over the last month, the 10-year U.S. Treasury yield rose from 4.5% to 5.0% earlier this week. Today, it’s hovering […]
When central banks started to hike rates last March, we admittedly thought they would pause much earlier. But, as inflation remained stubbornly high, they kept hiking. While inflation still sits above the U.S.’s 2% target and Canada’s 1-3% preferred range, price growth has moderated substantially. After hitting 9.1.% in the U.S. and 8.1% in Canada […]
Our investment style is contrarian. We buy stocks that are out of favour with the expectation that there will be greater pricing upside when the tide turns. However, we won’t just buy anything that’s down in price. Our due diligence process requires a bunch of boxes to be checked before making a purchase. But, even […]
