Canadian Investment Advice and Financial News
Markets have indeed been strange for some time now. Most investors are confused about whether to sell, or buy, or panic, or just go to cash and avoid the craziness. However, if you think more closely about things, you might come to the conclusion that markets are always strange. Investors and the market are just […]
U.S. citizens living in Canada not only have to file Canadian tax returns reporting their worldwide income, but they also have to file U.S. tax returns reporting the same income. That’s because the U.S. imposes taxes and filing requirements based on citizenship, not residency. To make matters worse, if the U.S. citizen holds a TFSA, […]
Many contrarian investors are wondering if the time is right to start loading up on commodities in anticipation of the next big rally. Certainly, stocks in the sector are cheap, and we would expect many of them to double if and when a commodity recovery occurs. Stocks of smaller, riskier companies could triple or more. […]
Most markets, and certainly most currencies and commodities, are now officially in a bear market. That’s the arbitrary term for anything that is down 20 per cent from its peak. Of course, many stocks are down 40 or 50 per cent or more, so we might need a new term to describe them — zombie […]
If you’re of a certain age, YOLO needs no translation. For the rest of us, personal finance writer Jason Vitug has helpfully spelled it out in the title of his latest book: You Only Live Once. Vitug is American, as is his publisher John Wiley & Sons Inc. but, as is often the case, the […]
Scrutiny of the financial industry has been on the rise in recent months, fuelled in part by CBC News reports alleging unscrupulous practices at Canada’s big banks. The CBC’s findings may not have been surprising to insiders, who have been witness to the industry’s indiscretions for years. What is surprising is the government’s continued hesitation […]
When markets are good, advisers and portfolio managers get too much credit for investment returns. Clients are happy that their nest egg is growing and attribute their good fortune to their provider. Conversely, when markets are bad, investment professionals take the heat. Whether it’s fair or not, it happens a lot. …
Canada’s first cannabis mutual fund is cutting back on pot stocks. The UIT Alternative Health Fund has pared its holdings in recreational marijuana companies to 33 per cent, from 44 per cent at the end of 2017, while raising cash and shifting to health-care stocks like Jamieson Wellness Inc. and Pinnacle Foods Inc. The UIT […]
The rapidly escalating trade dispute between the U.S. and China is taking its toll on equity investors around the globe. Following U.S. President Donald Trump’s imposition of up to US$60 billion in tariffs on Chinese goods, Beijing quickly responded with a 25 per cent levy on imports of U.S.-made goods. They total US$3 billion on […]
The world’s fastest-growing developed economy has the worst-performing stock market, creating buying opportunities especially for investors in Canada’s financial sector. The S&P/TSX Composite Index is down 2.2 per cent from April to June, set for its first quarterly drop since 2015 and the steepest decline among 24 advanced markets tracked by Bloomberg. Year-to-date, its 0.5 […]