Scotiabank has the Cheques and Balances to Justify its Valuation

Yes, Canadian banks are trading at valuation multiples unseen in years. However, comparing these multiples to their historical valuations may not make all that much sense. The banking industry has changed drastically over the years.  Decades ago, banks were mostly just mortgage lenders. They would take in deposits from savers, keep a very small fraction […]

Will the Market have Separation Anxiety this October?

On October 19, 2026, Alberta will have a referendum about whether it should have a referendum to separate from Canada. The exact wording on the ballot for one of the ten questions will read: Should Alberta remain a province of Canada, or should the Government of Alberta commence the legal process required under the Canadian […]