It was another stellar quarterly earnings season for the Canadian banks. They mostly beat estimates sending stock prices considerably higher for the week. You just can’t keep the big bad bank oligopolies down. As the Canadian economy hobbles, the banks seem to find a way to generate more revenue and more profits. Keep in mind […]
Canadian oil and gas investing, utilities and pipelines. Plus, the Sunday Reads.
It is so Canadian to enjoy a healthy dividend. Investing in oil and gas stocks is also as Canadian as needing to wear a toque in October or stopping at Timmie’s before heading off on a road trip. We have a resource-based economy and many investors have learned to embrace our dominant sectors. And of […]
Calling the bottom on Canadian telco stocks, on the Sunday Reads.
For investors and retirees, Canadian telco stocks delivered the wrong numbers for a few years. While the Canadian stock market offered double digit returns, the telcos moved into a new area code called ‘the land of no returns’. Let’s ring up a few more telco puns, shall we? It was quite the disconnect. Telcos are […]
The TSX tops 30,000 for the first time, on the Sunday Reads.
The Canadian stock market topped the 30,000 level for the first time this past week. During the Tuesday session, the S&P/TSX Composite index ended down 143.35 points, or 0.5%, at 29,761. During the session the index traded above the 30,000 threshold for the first time after posting a record closing high on Monday. It has […]
Take those Canadian bank earnings to the bank, on the Sunday Reads.
You can’t keep a “good” oligopoly down. The big Canadian banks giveth and taketh in generous fashion. This past week delivered the generous earnings of the big Canadian banks. They take too much in fees from everyday banking. They take too much in fees from investments and advisory services (generally poor). But if you’re a […]
Checking in on Joan’s Canadian blue chip portfolio. Plus, the Sunday Reads.
In my wife’s personal RRSP account she held the Vanguard VDY-T ETF. It had outperformed the TSX Composite by about 1% annual. We can thank the financials overweight for that. The Canadian financials XFN-T and the Canadian banks ZEB-T have a long history of outperformance. In June of 2023 we moved to a Canadian blue […]