Each week, our team publishes a blog and webcast.
We’ve followed Estee Lauder for several years, always wanting to own the stock but never able to find a good entry point. In early November, the company cut its outlook for 2023 due to China’s zero-COVID lockdowns, a stronger U.S. dollar, and tighter inventory management – all temporary macroeconomic problems that will eventually resolve. The […]
As Labour Day approached earlier this year, we wrote that September is historically the worst-performing month in the market. We expected volatility throughout the month and sure enough, that’s exactly what we received. Using that same data, December is historically a strong month for the stock market. Since the 1970s, the average return during December […]
Before the end of this calendar year, our firm will have looked at each client’s non-registered account to minimize a future tax bill. If a non-registered account has recorded realized capital gains at any point during 2022, there will be tax consequences next spring. To offset these taxes, we always consider selling securities with unrealized […]
Before the end of this calendar year, our firm will have looked at each client’s non-registered account to minimize a future tax bill. If a non-registered account has recorded realized capital gains at any point during 2022, there will be tax consequences next spring. To offset these taxes, we always consider selling securities with unrealized […]
Chatter that China is planning to reopen its economy following 3 years of a zero-COVID policy is welcome news to the market. Beijing eased quarantine requirements for close contacts and international travellers last week, a step towards reopening. In response, China’s yuan currency rallied while the Hong Kong Seng Index jumped 7%. The lockdowns, which […]
This past summer, we wrote to our clients and said: “A Bank of America survey … concluded that stock allocations were at their lowest level since 2008 and that cash balances have not been this high since October 2001. With sentiment this weak and pessimism so high, we took advantage of several bargains to benefit […]
If you’re 71 years old, it’s time to convert your Registered Retirement Savings Plan (RRSP, or RSP – they’re both the same thing) into a Registered Retirement Income Fund (RRIF) by the end of the year. Once converted, you must start withdrawing funds from your RRIF each year and no later than the year after […]
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 […]
CAE is a stock we added to suitable client portfolios during the summer. The company expects to grow its earnings per share in the mid-20% range between 2022 and 2025 on a compounded annual rate. CAE has three divisions, two of which cover the overwhelming majority of their profit. First, CAE trains pilots in its […]
