Western Copper & Gold (WRN) is up about 50% so far this year. But if Ottawa puts one particular project on its priority list to develop, the stock may go a lot higher sooner than later. WRN’s Casino Project in the Yukon just as easily could have been called Western Gold & Copper (instead of […]
Last month, at a Rotary Club meeting, I found myself sitting next to someone I hadn’t met before. After asking about my profession, he leaned in a few minutes later and said, “Is it true that to get rich, you should only buy Canadian banks?” Well, I know of at least one person who rode […]
To my surprise, Maple Leaf Foods (“MFI”) has been our strongest performer this year, up nearly 80%. On February 26, 2024, we started buying MFI for clients at $22.82. At the time, the stock was about as unpopular with investors as I was with the ladies in high school. Just two trading days earlier, a […]
Canada is entering a historic infrastructure boom. Electricity demand is expected to surge 25% by 2030, driven by artificial intelligence, electrification, and manufacturing. Aecon Group is perfectly positioned to build the critical infrastructure required to meet this exploding need. CEO Jean-Louis Servranckx recently said he’s “not worried about [revenue]”—and with good reason. Aecon’s backlog—the work […]
As global fast food chains struggle, Pizza Pizza is quietly gaining ground—thanks in part to the growing “Buy Canada” sentiment. Back in February 2024, we published a blog titled “We Expect Pizza Pizza to Deliver”. Given the rising food inflation, higher interest rates, and shrinking household budgets, our thesis was that cheaper food would be […]
Anyone who lived through 2008 (or studied the 1930s) knows how frightening banking crises can be. The financial system runs on confidence, and once that’s shaken, restoring trust can take significant time. In 2023, the U.S. regional banking sector faced its own crisis. It started in March with the abrupt collapse of Silicon Valley Bank […]
JPMorgan CEO Jamie Dimon recently criticized remote work, using colourful language to make his point (as played on our webcast). Now Canada’s biggest banks (RBC, BMO, and Scotia) are doing the same, telling employees it’s time to show up in the office four days a week starting this fall. Mentorship and collaboration are two good […]
Anyone with a furry companion doesn’t need convincing about investing in a company that sells pet food and toys. Pets aren’t just animals; they’re cherished members of the family. The resilient pet industry even grew during the 2008 financial crisis and the recent global pandemic. Our clients are shareholders of Pet Valu, which is up […]
Our investment in Canadian Utilities (“CU”), which delivers gas and electricity, in November 2023 was based on a straightforward premise: its attractive 5.7% dividend yield positioned it as a prime beneficiary of anticipated interest rate cuts. We believed falling rates would naturally enhance the appeal of high-yielding dividend stocks like CU for income investors seeking […]
Google’s parent, Alphabet, is delivering strong results—yet shares are down almost 19% year-to-date. Last quarter, Alphabet reported: Despite these strong fundamentals, the stock trades at just 16x earnings, a meaningful discount both to the broader market and to Alphabet’s own historical average. So, why the disconnect? For years, digital giants like Google and Facebook have […]
