Each week, our team publishes a blog and webcast.
Why the market goes up in some months and down during others is anyone’s guess. Sometimes it is related to tax planning, other times it appears random. Nevertheless, seasonality can become a self-fulling prophecy because so many investors trade based on historical patterns. For that reason, it’s important to be aware of historical patterns in […]
Several years back, new regulations came into force that required our industry to share with clients a second type of investment return called the money-weighted return. Previously, only the time-weighted return was required. Though required to report the money-weighted return only once a year, we have decided to include both the time-weighted and money-weighted return […]
Any board of directors will fear a letter from an activist shareholder. They’re loud, disruptive, and usually seek short term solutions. Often, several managers at the top lose their jobs. Data from Insightia shows that in recent years, both sides of the border have seen an acceleration in activist campaigns. Last year, there were 53 […]
Always hunting for a bargain to benefit our clients, we review each day the stock prices that have dropped the most substantially. When doing so, we ask if the problem causing the sell-off is transitory or a material change to the business. We’ll invest in the former but avoid getting involved with the latter. When […]
Nothing against unions, but our job is to make our clients money. It’s not exactly a characteristic we chase to find. The employment market is very strong. At home, our unemployment rate is 5.4%. South of the border, it’s only 3.6%. Because many employers recall the difficult time they had filling job vacancies coming out […]
At the end of June, the Federal Reserve released the results of its annual stress test for the big U.S. banks. The exercise, which was introduced in 2011 following the 2008-2009 financial crisis, tests to see how the big banks’ balance sheets would fare in a hypothetical economic downturn. The results of the test dictate […]
DISCLAIMER: The opinions expressed in this publication are for general informational purposes only and are not intended to represent specific advice. The views reflected in this publication are subject to change at any time without notice. Every effort has been made to ensure that the material in this publication is accurate at the time of […]
In 2016, the scandal over fake accounts created by Wells Fargo employees shocked anyone who reads the newspaper. For years, the bank had a pristine reputation due to a very sizable investment from Berkshire Hathaway’s Warren Buffett and the fact they said it could survive without tapping into the Troubled Asset Relief Program during the […]
So far this year, capital markets activity has been abysmal. Corporate activity for deals over $25 million fell almost 50% compared to the year before in the first three months of this year. However, copper transaction volumes are up about 30%. Just last week, word that copper producer First Quantum was informally approached by Barrick […]
