Each week, our team publishes a blog and webcast.
During the fall, over 90 high-ranking business executives expressed concern in an open letter that Canada’s largest pension funds should bulk up their investment positions here at home. The eight largest pension funds – also known as the “Maple 8” – manage 38% of Canada’s savings. Yet, that collective group has reduced their holdings of […]
Manulife Financial’s stock has had its ups and downs since the initial public offering (“IPO”) in 1999. Everything was going well during its first decade as a public company. After acquiring Confederation Life and North American Life in the mid-1990s, Manulife then bought Boston-based John Hancock Financial Services for $15 billion in 2004. At the […]
Anyone with a diversified portfolio will tell you that a handful of stocks perform far better than your wildest dreams; a good chunk do better than the market; some underperform; and a select few have such awful performance that you’re afraid to look at the price each day. Estee Lauder falls into the very latter […]
Earlier this week, Rogers v. Rogers by the Globe & Mail’s Alexandra Posadzki was released. It chronicles all the drama you would expect to find in a family business. Rogers Communications (“Rogers”) is dual listed. In other words, it has Class A voting shares and Class B non-voting shares. Prior to his death in 2008, Ted […]
Wow, Schneider & Pollock Wealth Management Inc. (“SPWMI”) just turned 2 years old! February 1, 2022, was the day our principal regular (the Ontario Securities Commission) approved SPWMI’s application. That same day, so too did the provincial regulators in Alberta and Nova Scotia. Since then, British Columbia has done the same. Most don’t realize it, […]
Late last year, we added shares of Pizza Pizza to client accounts wherever suitable. Once the calendar rolled over into 2024, we planned to take profits on Restaurant Brands after watching the stock climb over 60% since adding it the year before. Both companies are structured as a royalty, which means the head office receives […]
While it’s called the Retirement Savings Plan (“RSP”), the government eventually gets their money. Earlier this week, we had two back-to-back client conversations. Both are very similar in age. Each have the same number of kids. They even live not too far from each other in the same neighbourhood. However, each person has opposite views […]
Looking back over the last seventeen years, the U.S. Federal Reserve has cut interests rates over four cycles, each time for a different reason. After each occurrence (though not quite as much in 2019), gold stocks have historically rallied immediately following a rate cut and then climax about 2-6 months later. The chart below compares […]
There has been a grand total of 19 U.S. Presidential elections since 1948. Because FDR served multiple terms and died in office, that’s as far back as we decided to go. In exactly 300 days, the U.S. will go to the polls and mark their ballots. The S&P 500 delivered a positive return between January […]
Earlier this week, we sold our position in Restaurant Brands International. This is the operator of Tim Hortons, Burger King, Popeyes, and Firehouse Subs. Our clients had a good run. We executed a block purchase around CDN$66/share in July 2022. We sold our position for just over CDN$102/share the other day. Including the CDN$4.39 in […]
