Yearly Archives: 2015
Strategies for Income Investors seeking Yield
Richard Croft
Income hungry investors continue to ramp up their risk appetite in order to collect extra basis points in yield. Bonds continue to defy gravity as foreign investors flock to the safety and higher yield in North American fixed income assets. Canadian bonds have turned in strong returns as witnessed by the iShares Broad Bond...
Hedging a Diversified Portfolio
Jason Ayres
It is an accepted reality among investors that we are living in a global economy. If you take a look at when most of the volatility in the equity markets has occurred, it is generally around a Bank of Canada (BOC), Federal Reserve Open Market Committee (FOMC) or an European Central Bank (ECB) rate announcement and subsequent...
Have the Rail Stocks Been Derailed?
Patrick Ceresna
The past 4 years have been great for railway stocks. The boom in energy and exportation of resources since 2011 has seen revenues and profits soaring. Investors that participated in this story have been handsomely rewarded with stocks like Canadian Pacific Railway having risen 400% off of its 2011 lows. While I do not want to...
TD Bank Long Term Call Management
Jason Ayres
Back on January 30th, I posted a blog outlining a strategy to limit your risk for a longer term bullish position on TD Bank. For full details please reference What About The Banks? I suggested that with TD shares trading at $51.00, we could purchase call options at the $52.50 strike price expiring in January 2016 for $2.99 per...
A Eurozone Play
Richard Croft
On January 15th, the Swiss National Bank (SNB – Switzerland’s central bank) removed its’ self-imposed restrictions on the Swiss Franc. A major shift in policy shrouded in secrecy at a time when central banks had been trying to be more transparent, which many felt would have dire consequences for the Swiss economy....
Hedging the Currency Impact on Canadian Stocks
Patrick Ceresna
Canadian investors started the year with a pleasant surprise as the Canadian market and many Canadian stocks performed relatively well. We suggest a little digression to understand the precipitating factors that have driven this rise. Over the last 6 months, we have seen a dynamic shift in Canadian economics. Canada has been...
Catching a Falling Knife
Jason Ayres
Back at the end of January, Richard Croft posed the question “Has Oil Bottomed?“. At the time of publishing, oil was trading at around $46.00 per barrel. In his article, he cites a number of supply and demand and geo-political considerations supporting the potential for range bound trading activity between $40.00...
Hedging Interest Rate Risk
Richard Croft
This past week we saw some indications that longer term interest rates may actually rise. Something investors have been talking about for the past two years! It is not that interest rates will rise significantly, it is more about what impact any change in mindset will have on your portfolio. More importantly, what steps can one...
Consumer Skepticism
Richard Croft
A number of the big name oil companies are reporting earnings this week and many analysts think that the numbers may be worse than expected, which is to say worse than numbers that have already been revised downward. Still, this is one case where you might want to take the numbers with a grain of salt. Let’s face it, tighter...
What About The Banks?
Jason Ayres
Since my colleagues have already discussed Canadian Investors’ favorite topics, oil and gold (see Has Oil Bottomed? By Richard Croft and Is the Divergence in Gold and Opportunity? by Patrick Ceresna), I thought I would take a look at Canadian banks. Canadian banks have no doubt come under pressure, dropping an average of...
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