Each week, our team publishes a blog and webcast.
While the world threw cash at “revenge travel” post-pandemic, we steered clear of airline stocks. They’re capital-intensive, cyclical, and full of turbulence—not our cup of tea. (See our August 2, 2024, blog Air Canada Has Too Much Baggage) That said, travel remains a dominant theme, but we’re playing it differently. CAE is a Canadian company […]
Earlier this month, Hudson’s Bay Company (“The Bay”) filed for creditor protection. It’s a sad moment for many, especially for those who remember when it was one of Canada’s last remaining retail giants. After Eaton’s closed its doors in 1999, The Bay stood alone as the flagship domestic department store for Canadian shoppers. In 2006, […]
This week, we dive into North America’s auto industry with University of Toronto Professor Dimitry Anastakis, an industry expert and author of Dream Car. As Professor Anastakis explains, it took decades to build an integrated North American automotive supply chain. Today, automakers rely on a just-in-time inventory system, meaning parts arrive precisely when needed. Before […]
Each month, we select a handful of questions that were asked by clients or soon-to-be clients. We like to post our answers online because others may have that same question as well. Here are a few of the things we were asked about most recently. Question from Toronto: Does tax get triggered if there are […]
On January 7, 2025, the Eaton Fire ignited in California’s Eaton Canyon, rapidly escalating into one of the state’s most catastrophic wildfires. Fueled by hurricane-force Santa Ana winds, the blaze ravaged over 14,000 acres, claimed 17 lives, and obliterated approximately 10,000 structures, including homes, businesses, and schools. In anticipation of these disasters, California established a […]
Canada seems clearly under attack by our southern “neighbours”. While the best-performing stocks over the past decade have mostly been U.S.-based, we’ve bucked the trend and are overweight in Canadian equities. Lately, we’re beginning to observe a home country bias. Maple Leaf Foods, which our clients own, reported a strong quarter earlier this week. Its […]
Exactly one year ago, we published a blog titled “Dial Back on Canadian Telco Exposure.” Between the corporate soap opera at Rogers Communications and BCE’s bloated debt amid sluggish growth, we were bearish on the sector. Telus was the sole exception. (Disclosure: Clients, Jeff Pollock, and Sunni Schneider are shareholders of Telus. No compensation was […]
Each month, we select a handful of questions that were asked by clients or soon-to-be clients. We like to post our answers online because others may have that same question as well. Here are a few of the things we were asked about most recently. Question from Ontario: Do you invest in gold and silver? […]
Many claim to be contrarian investors who “buy low” and “sell high.” But how many actually follow through? Here’s what we did last Monday as prices tumbled after Saturday’s tariff announcement. First, we didn’t sell a single security in our client accounts. Second, we put to work the cash we had raised throughout January. To […]
At $0.69 USD, we believe the Canadian dollar is unlikely to fall much further from its current level. This is a contrarian stance, as many expect the loonie to continue its decline due to more aggressive rate cuts by the Bank of Canada compared to the Federal Reserve. We actively seek contrarian opportunities—investments in ideas […]
