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 […]
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 […]
The Ontario Securities Commission published a survey earlier this week about cryptocurrencies. Its findings weren’t particularly surprising. Too many people own it, and few understand it. The results showed that 13% of Canadians own a crypto asset. At least that was the figure when the poll was conducted between April 26 to May 10, 2022. […]
Because of the “wealth effect”, home prices are important to the economy and, consequently, the stock market. For most people, their home is their largest investment. When your neighbour sells their house for a price above and beyond what you anticipated, you feel richer and are more likely to go on an extra vacation, buy […]
