Q: Follow up to my earlier question about TD. Your response was that all banks are being hit today. As of now (3:45pm), TD is down over 3% while others are down less than 1%. Can you offer anything to explain why TD is leading the pack by such a wide margin?
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: TD is being hammered today (at noon). I don't see any news. Do you see anything that would explain it.
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Apple Inc. (AAPL $211.18)
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NVIDIA Corporation (NVDA $172.41)
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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BCE Inc. (BCE $32.50)
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TELUS Corporation (T $22.31)
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BRP Inc. Subordinate Voting Shares (DOO $66.16)
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Aritzia Inc. Subordinate Voting Shares (ATZ $75.31)
Q: I'm a retired somewhat conservative investor content with slow steady growth and a dividend helps as well. I have been happy with my diversified portfolio but constantly struggle with should I or should I not make these changes;
1. Sell T (non-registered account, tax loss) buy BCE?
2. Sell AAPL (in an RRSP) and buy NVDA?
3. Sell TD (non-registered account, tax loss) and buy BNS?
4. Sell ATZ and or DOO (both in a TFSA) and buy what?
Thank you
1. Sell T (non-registered account, tax loss) buy BCE?
2. Sell AAPL (in an RRSP) and buy NVDA?
3. Sell TD (non-registered account, tax loss) and buy BNS?
4. Sell ATZ and or DOO (both in a TFSA) and buy what?
Thank you
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Toronto-Dominion Bank (The) (TD $101.01)
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Aritzia Inc. Subordinate Voting Shares (ATZ $75.31)
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ECN Capital Corp. (ECN $3.00)
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Bank of Nova Scotia (The) (BNS $55.19)
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Trulieve Cannabis Corp (TRUL $5.52)
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Nuvei Corporation Subordinate Voting Shares (NVEI $47.61)
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Topicus.com Inc. (TOI $194.70)
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Brookfield Corporation Class A Limited Voting Shares (BN $92.31)
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Lumine Group Inc. (LMN $53.89)
Q: Have the following in a basket. Closely weighted. Looking to add a new similar weighting equity, want to buy and leave for 10 years. Can you provide top 3 suggestions please. As always, thank you.
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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Enbridge Inc. (ENB $61.88)
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Brookfield Renewable Partners L.P. (BEP.UN $37.32)
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Algonquin Power & Utilities Corp. (AQN $8.12)
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North West Company Inc. (The) (NWC $47.65)
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Premium Brands Holdings Corporation (PBH $90.51)
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Hydro One Limited (H $48.00)
Q: In your opinion, is it worth holding on to AQN for the potential benefits of it's renewable business sale/split (and whatever other news follows), or sell now and invest in to companies with more proven management and stability e.g. I'd be putting the proceeds mainly in to BNS and TD.
Q: I have held BNS shares for approx . 3years but am considering switching them for TD. I think TD has a better runway for growth in the is USA versus BNS growth in SA and the islands . your thoughts please
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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CGI Inc. Class A Subordinate Voting Shares (GIB.A $136.50)
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Dollarama Inc. (DOL $187.74)
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Intact Financial Corporation (IFC $304.04)
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Docebo Inc. (DCBO $41.40)
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Brookfield Corporation Class A Limited Voting Shares (BN $92.31)
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Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM $83.40)
Q: Hi Team,
Once again the hopeful small cap Jan bounce has done the opposite so far with essentially all growth being sold off. It’s amazing how a new year is here and it’s like a light switch where the narrative turns to everyone selling to lock in profits. This confuses me some as I thought year end Dec would be the time to lock in gains? What’s your take on the selloff and when’s your best estimate of when would be a good time to buy the dip? Is there a history of how long a Jan selloff typically lasts? Also; is there any standout buys in the market you see today now as a result of the recent selloff ? Thanks ,
Shane
Once again the hopeful small cap Jan bounce has done the opposite so far with essentially all growth being sold off. It’s amazing how a new year is here and it’s like a light switch where the narrative turns to everyone selling to lock in profits. This confuses me some as I thought year end Dec would be the time to lock in gains? What’s your take on the selloff and when’s your best estimate of when would be a good time to buy the dip? Is there a history of how long a Jan selloff typically lasts? Also; is there any standout buys in the market you see today now as a result of the recent selloff ? Thanks ,
Shane
Q: Last year I chose my bank investment by choosing the worst performer from the prior year. I di that wih CM and had a retun of almost 16%.
For 2024 it seems like a nose to nose rate for the worst performing Canadian bank between BNS and TD.
Can you confirm that as of December 29th which was the worst performer?
With Thanks and Happy New Year.
Sheldon
For 2024 it seems like a nose to nose rate for the worst performing Canadian bank between BNS and TD.
Can you confirm that as of December 29th which was the worst performer?
With Thanks and Happy New Year.
Sheldon
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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BCE Inc. (BCE $32.50)
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Enbridge Inc. (ENB $61.88)
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Algonquin Power & Utilities Corp. (AQN $8.12)
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Descartes Systems Group Inc. (The) (DSG $144.18)
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Kinaxis Inc. (KXS $201.24)
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Tricon Residential Inc. (TCN $15.34)
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Premium Brands Holdings Corporation (PBH $90.51)
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goeasy Ltd. (GSY $173.13)
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Nutrien Ltd. (NTR $82.34)
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Brookfield Corporation Class A Limited Voting Shares (BN $92.31)
Q: I need to gradually raise cash over the next 6 months and am operating on the assumption that interest rates will begin a to decline in late Q1, I would only like to sell those holdings that are less likely to do well in a declining interest rate environment. Please rank each of these holdings from "Sell Now - least likely to benefit from a declining rate environment" to "Avoid Selling - should do very well in a declining rate environment". AQN, BCE, BN, BNS, DSG, ENB, GSY, KXS, NTR, PBH, TCN, TD
Thanks...Glenn
Thanks...Glenn
Q: I hold TD in my portfolio. I've read a couple articles recently highlighting that RY has performed much better than TD in recent years, pointing to RY's higher ROI investments (i.e. focusing on Canadian operations and US Wealth Management) relative to TD (i.e. focusing on US Retail banking, and their recent failed acquisition).
What are your general views on this comparison from an investing perspective and would you replace TD for another Canadian bank such as RY? Which of the Canadian banks would you select as a long-term "set it and forget it" investment based on sound management and, of course, expected stock returns.
What are your general views on this comparison from an investing perspective and would you replace TD for another Canadian bank such as RY? Which of the Canadian banks would you select as a long-term "set it and forget it" investment based on sound management and, of course, expected stock returns.
Q: It seems like everyone is positive on TD's future prospects. Yet no one mentions the potential monetary fines that could be levied against TD associated with money laundering. Why is that? Everyone appears to be very complacent about the probe over anti-money laundering. If the fines were substantial, could TD shares not take a hit? Your comments would be appreciated.
Q: Could you tell me which 3 Canadian banks have the most domestic real estate mortgage exposure and also for a 2 year hold , and in general which CDN bank would you buy and why ,Thanks and have a Merry Christmas!!
Q: Would you kindly rate the big 6 banks plus EQB according to your preferences for starting new positions. Would be long term holds and would like to consider total return (growth and dividend growth)
Thank you
Thank you
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Royal Bank of Canada (RY $182.14)
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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Bank of Montreal (BMO $156.85)
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Canadian Imperial Bank Of Commerce (CM $100.61)
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National Bank of Canada (NA $143.36)
Q: I bought them all last April and the draw down got as low as 15%--they have all made a comeback now except BNS still down 8%----Do you think this resurgence is sustainable and a good time to add to my holdings?
Thanks
Peter
Thanks
Peter
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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Cameco Corporation (CCO $108.34)
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Brookfield Corporation Class A Limited Voting Shares (BN $92.31)
Q: Daughters RESP (16) Nice Gain in Cameco considering Selling some and adding to BN,TD or buying BNS . or others ?? How much less risk do you estimate ?
Would rather not sit in Cash
Many Thanks
Would rather not sit in Cash
Many Thanks
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Toronto-Dominion Bank (The) (TD $101.01)
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Enbridge Inc. (ENB $61.88)
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Sun Life Financial Inc. (SLF $85.35)
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TELUS Corporation (T $22.31)
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Brookfield Renewable Partners L.P. (BEP.UN $37.32)
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Premium Brands Holdings Corporation (PBH $90.51)
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Shopify Inc. Class A Subordinate Voting Shares (SHOP $174.36)
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Savaria Corporation (SIS $20.04)
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A&W Revenue Royalties Income Fund (AW.UN $36.93)
Q: I'm hoping to take profit from ATD and maybe CSU. My weight in CSU is out of hand but I find it hard to sell that juggernaut. I also have TOI and LMN. I'm happy with my weighting of TOI and i plan to add a small weighting in LMN. I'm underweight in the following: SIS, PBH, SHOP, TD, BEP.UN, ENB, T, SLF, AW.UN. How would you rank these names going forward? Would you recommend swapping any of these for better opportunities that 5i covers or are in the balanced portfolio?
Q: Why is TD dropping today?
How long do you expect the Canadian banks to be in the penalty box?
JR
How long do you expect the Canadian banks to be in the penalty box?
JR
Q: Happily I do not hold either BNS or TD.
What I find very shareholder unfriendly is the bank setting aside $2 billion and $4 billion respectively for emplyee bonuses.
That is billion.
YTD BNS stock is down 8% and TD stock is down 6%.
Not sure why shareholders accept this type of expenditure.
If my math is right thats a $44,444 bonus for every one of TD's 90k employees and a $22,222 bonus for everyone of BNS worldwide employees.
Pretty excessive if you ask me, given their stock performance.
Sheldon
What I find very shareholder unfriendly is the bank setting aside $2 billion and $4 billion respectively for emplyee bonuses.
That is billion.
YTD BNS stock is down 8% and TD stock is down 6%.
Not sure why shareholders accept this type of expenditure.
If my math is right thats a $44,444 bonus for every one of TD's 90k employees and a $22,222 bonus for everyone of BNS worldwide employees.
Pretty excessive if you ask me, given their stock performance.
Sheldon
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Royal Bank of Canada (RY $182.14)
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Toronto-Dominion Bank (The) (TD $101.01)
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Canadian Imperial Bank Of Commerce (CM $100.61)
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National Bank of Canada (NA $143.36)
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BMO Equal Weight Banks Index ETF (ZEB $46.96)
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Bank Of Montreal (BMO $114.22)
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Bank of Nova Scotia (The) (BNS $55.19)
Q: I seem to recall one of the "Market Masters" saying the time to load up on Financials is after they have been crushed. I know you don't necessarily like the expression "load up" but if you wanted to increase your Cdn bank exposure are there one or two you think stand out as having the biggest bounce potential from here, or would you forget about trying to be right on one or two securities and just buy the ETF if you believe the whole sector might recover from these levels? Thanks for your thoughts.
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Toronto-Dominion Bank (The) (TD $101.01)
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Bank of Nova Scotia (The) (BNS $75.76)
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National Bank of Canada (NA $143.36)
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Bank Of Montreal (BMO $114.22)
Q: Hello,
Over the years I have fallen into the trap of buying BNS as many analysts have promoted as the most international bank, as as a result I have 7.5% position. However, I have now come to the realization that the countries that they do business ( mainly South and Latin America) are in most cases very poor countries with little or no growth and unstable Governments.. As well, the bank's CEO's poor performance. Therefore, As soon as I hear what the new CEO has to say in a couple of weeks, I will slowly exit the position . What are you thoughts in moving the funds to TD or NA or BMO?
Thanks
Carlo
Thanks
Carlo Rea
Over the years I have fallen into the trap of buying BNS as many analysts have promoted as the most international bank, as as a result I have 7.5% position. However, I have now come to the realization that the countries that they do business ( mainly South and Latin America) are in most cases very poor countries with little or no growth and unstable Governments.. As well, the bank's CEO's poor performance. Therefore, As soon as I hear what the new CEO has to say in a couple of weeks, I will slowly exit the position . What are you thoughts in moving the funds to TD or NA or BMO?
Thanks
Carlo
Thanks
Carlo Rea