Each week, our team publishes a blog and webcast.
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 […]
Though hard to believe, Mr. Nugent Schneider would have turned 85 years old today. I first met Mr. Schneider in his office during the summer almost a decade ago. He told me, “just call me Nuge”. The office had a corner view of Lake Ontario, which encapsulated the east end of Toronto. It was fitting […]
Purchasing the worst-performing Canadian bank stock over the last twelve months has historically posted impressive future gains in the year ahead. Have a look at the chart below. Employing that strategy over the last two decades resulted in double the capital gains. This data doesn’t include the regionals (Canadian Western Bank and Laurentian Bank) as […]
Lately, many have opined that the Federal Reserve will avoid making major monetary policy adjustments during the same year as a Presidential election. After all, the Fed is a creation of Congress, and its Chair is nominated by the President itself. The current term of its present chair, Jay Powell, ends in 2026. Historically speaking, […]
The law identifies an “insider” to be a person that has a special relationship with a publicly traded company. This relationship is based on the person’s position, share ownership, or information they might possess about the company that other people do not know. However, insiders are legally allowed to trade their company’s stock. It must […]
It now looks like rates will get cut sooner than previously thought. This week, the market began to price in the first U.S. rate cut to take place as early as March 20. This time last week, the expectation was for a cut to happen on May 1. Canada will surely cut rates as well, […]
December is historically a great month for stocks. In fact, over the last hundred years, the only decade to post a negative median return during December was in the 1930s. All decades since — from the 1940s until the 2020s — have posted a positive median price return during December. There are several reasons that […]
Everything was going well for Aecon Group, the Toronto-based construction and infrastructure development company, until last year. After all, this was the same company that China attempted to buy for over $20/share back in 2017. The fed blocked the deal, so it never closed. Aecon has many projects on the go, and four of them […]
