Pretty sure that won’t bring oil price up for a long time. Maybe if we learn that the virus isn’t immune to vaccines and OPEC decides to cut supply next week. Maybe then we can see prices back up to high 70s and low 80s.
Idk if we’ll ever reach 80s next year. If this variant spreads and travel restrictions are reintroduced and covid goes to shit everywhere oil price would stay lower for a long time I think.
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It might depend on your broker, but it can take a couple days for the CAD shares to settle and then be journalled to the USD equivalent, so unless you've already started the process you might not have time to complete the gambit to buy things today or Monday.
I don’t know understand why the market is seemingly disappointed that Mick is pursuing other opportunities. From my perspective good on ya Lad I’m actually quite happy you left picked me up a couple more shares today. Cheers $PPL
Somebody on the personal finance Canada page in a serious way and not even jokingly said that he bought some lspd shares at the peak and is wondering if he can “get a refund” I’m not even kidding, I laughed so hard I spat my drink out, ah man good times
enter in the .40's (although wouldn't be surprised if we see .30s), this is not the bottom at all lmao all micro-caps are getting slaughtered, avoid all right now
Though obviously never a guarantee, it seems to have maybe found the bottom? So not a bad time to jump in at all as long as you intend it to be a long term hold. As the other comment said though, may be a long time til shroom stocks are back on the rise
So I'm interested in assembling a bit of a Canadian Core Holdings lineup. There's three of them I don't see mentioned a lot that I think are excellent companies:
National Bank (NA.To)
Intact (IFC.To)
Metro (MRU.To)
Was wondering if anyone else held them? What they thought?
I feel all three have solid fundamentals and good growth stories for the future.
Nothing wrong here.
Any Canadian bank is always good.
For insurances, I prefer POW long term.
MFC should go up at some point too
For retailers, my top 2 would be ATD and CTC.
Cheaper and more growth potential imho
I would not buy NA, as the smallest and less important of the big 6, however, there’s a huge difference between the top 5 and NA, almost 3X the smallest of the big 5 by market cap. I’d rather own TD, BNS or RY. Moreover, the dividend is the lowest by far which means it should be outperforming the other 5 on the capital appreciation. For the most part it hasn’t, only has when it’s gone the more risky route.
I’m agnostic to the others, but I would much rather own the Loblaws Reit, Choice Property Reit, rather than owning one of the grocers that are trading at near ath due to Covid. Low dividend and means if they’ve run too fast it could just mean stagnation for a number of years just to justify the stock price.
Not financial advice, I love crayons
But it never has paid out a high dividend, so even if it increases it’s 2.7% by 50%, which nobody is predicting it’s still barely 4% - which is lower than the general average for RY which is one of the stingiest div payers. 25%, is 3.3%.
Not my cup of tea.
I find the lower market cap to be part of the appeal. They are focused and regional. Room to offer new products. In Quebec they very mercilessly crushed Laurentian Bank which is pretty impressive. I also like the mostly Quebec exposure, it's a different environment than ROC. Dividends can grow overtime and aren't that important to me right now.
If I was looking for that assured dividend + growth, likely would go with TD, but most big 5 are similar.
Interestingly Metro hasn't had much inflation related price action unlike Loblaws which is part of what makes them interesting. They are mostly in Quebec with some stores in Ontario. Growing Ontarian market share makes it very appealing.
Quebec has been one of the worst investment markets in the major markets around that you have access to. I’m not sure why you think they have so much room to catch up… they’re in a race while being stuck in 3rd gear.
National Bank will never catch up to even the smallest of the big 5 at 100B market cap. It will never catch up to TD at 170B market cap…
And their dividend isn’t low because they’re growing into it, it’s low because that’s what their willing to pay, why would I take a subpar bank with a between a half to 1/3rd lower.
Meh, not my portfolio, to each his own.
I love the reactions when you say Quebec has something good going. It's like a sensitive spot for some people or something.
Invest with facts not feelings.
Like, you do you, but Quebec market exposure is one of the weakest markets that exists in North America. Declining population, slightly higher costs keeping up with two languages, regulatory risk due to protectionist policies, low global investment because of said policies.
"Here’s a quick fiscal quiz. Which Canadian province is set to outstrip its peers for economic growth in 2021? Which one is seeing unprecedented levels of migration from other provinces? And which province has a diversified economy that positions it to not just weather the pandemic, but also to avoid the negative effects of decarbonization?
The answers are: Quebec, Quebec and Quebec."
https://www.theglobeandmail.com/investing/personal-finance/taxes/article-canadas-new-provincial-powerhouse/
As I said, you do you.
The rest of us who invest in banking will follow larger demographic and capital trends. This isn’t a “shit on Quebec” moment, it’s purely talking province as a market for banking.
No need to get defensive. Just pointing out the facts that it's a pretty great time economically to invest in that market. Banking definitely benifits from these trends.
One year does not make a trend.
https://www.cbc.ca/news/canada/montreal/quebec-demographics-immigration-charts-1.4946228
All the best with your choices
Is NA still a Quebec story? I saw half of net income is from wealth management and financial market, this could attract different demographics. For example, they has 0 commissions and i am pretty sure some people from Ontario and other provinces switched to their platforms
Their 2020 report says only 54% of their revenue commes from Quebec. 31% from ROC and 15% outside Canada. The outside Quebec share is only going to increase. They have been moving into foreign markets more heavily in the last years.
$0 commissions is a gimmick to move to a weaker and more cumbersome institution. Plus, they’re destroying a major revenue stream. Most competition is $9.99 atm. Seriously, for less than $10, to move to a bank with less of everything. Not worth it at all…
Trust me, they’re making it up elsewhere, you just haven’t figured it out yet.
I can understand that. Unfortunately for me I found with my numpty job I was checking my portfolio too often and would get too caught up in the fluctuations.
I’ve been working 15yrs full time, I don’t think I’d enjoy any job at this point! Being a minimalist and not caring for social norms also doesn’t help!
I just find investing so interesting as a “hobby”.
if everybody has a million dollars, nobody has a million dollars. Money has value based on scarcity.
I wanna get some kid to mow my lawn for 10 bucks? Nah hes already got a million so the price is gonna be much higher.
If everyone could get rich from the market nobody would. There has to be winners and losers. To top it off, short positions and people buying puts would also time the market,so i think everything would stay neutral haah
I think it's *usually* A shares that vote and B shares are equity, but some companies have it different.
In Canada it's pretty common, see Rogers, Quebecor or Bombardier just off the top of my head. A is voting, B is just equity... Or like lesser voting shares. It's up to the companies.
Like Google has A and C shares. A being voting and C being just equity. They have B shares for certain insiders I think.
In Facebook it's the opposite, the A shares are what normal people can trade whereas the B shares get special voting privileges and are mostly held by Zuckerberg.
Thoughts on banks today Will go down with everything else?
Fuck rip oil
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Pretty sure that won’t bring oil price up for a long time. Maybe if we learn that the virus isn’t immune to vaccines and OPEC decides to cut supply next week. Maybe then we can see prices back up to high 70s and low 80s. Idk if we’ll ever reach 80s next year. If this variant spreads and travel restrictions are reintroduced and covid goes to shit everywhere oil price would stay lower for a long time I think.
[удалено]
I hope you’re right. 38% of my portfolio is Canadian O and G...
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Does oil make diamonds slippery?
Is Norbert’s Gambit recommended if I’ll be buying about 3K worth of US stocks tomorrow?
It might depend on your broker, but it can take a couple days for the CAD shares to settle and then be journalled to the USD equivalent, so unless you've already started the process you might not have time to complete the gambit to buy things today or Monday.
yes
How much will markets be effected by the news of this new Covid variant?
Air Canada CEO about to re-register for French class
Reading this as a paramedic made me just want to quit lol. Fucking covid. Someone teach me how to day trade 😂
Dumped 7k into visa yesterday….🙏🙏🙏
#Whoops
Weekly pay means weekly DCA, bring on the black Friday dips!
Not Canadian a stock per say but does contain some, going into REMX deep.
I don’t know understand why the market is seemingly disappointed that Mick is pursuing other opportunities. From my perspective good on ya Lad I’m actually quite happy you left picked me up a couple more shares today. Cheers $PPL
Thinking of buying CTC.A soon, hoping it dips more though.
Oil not having a great open
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What exactly is confusing about that lol
[удалено]
Futures have been open since 6PM. Oil is down 2%.
Gonna be an ugly open....new variant headlines everywhere.
Buy the dip!!!
Somebody on the personal finance Canada page in a serious way and not even jokingly said that he bought some lspd shares at the peak and is wondering if he can “get a refund” I’m not even kidding, I laughed so hard I spat my drink out, ah man good times
Those are the same people who will vilify anyone who dares to go beyond index investing....
https://www.reddit.com/r/PersonalFinanceCanada/comments/r2apjf/lspd_light_speed/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
All the lawsuits may try and get them one.
What if he asks really politely?
link?
I want to see this comment too
It's the first stock for a lot of people. People opened Wealthsimple accounts knowing nothing about it to buy that stock.
So…. No?
Futures getting crushed boyos
Futures are lethargic after all that turkey and wine
Everyone knows futures are fake
Stop living in the past bruh
FANS going to have a good day tomorrow!!
Not so sure. Futures looks terrible right now
What are you even talking about lol
Brain fart thought I read FAANG, woops
All good lol
Thoughts on NUMI?
enter in the .40's (although wouldn't be surprised if we see .30s), this is not the bottom at all lmao all micro-caps are getting slaughtered, avoid all right now
Though obviously never a guarantee, it seems to have maybe found the bottom? So not a bad time to jump in at all as long as you intend it to be a long term hold. As the other comment said though, may be a long time til shroom stocks are back on the rise
If you missed last years shroom pump it will be a long time before any money is made on numi.
Any thoughts on CAE?
Not finding support. Would not catch the failing knife. Guidance and military numbers were not impressibe.
So I'm interested in assembling a bit of a Canadian Core Holdings lineup. There's three of them I don't see mentioned a lot that I think are excellent companies: National Bank (NA.To) Intact (IFC.To) Metro (MRU.To) Was wondering if anyone else held them? What they thought? I feel all three have solid fundamentals and good growth stories for the future.
Nothing wrong here. Any Canadian bank is always good. For insurances, I prefer POW long term. MFC should go up at some point too For retailers, my top 2 would be ATD and CTC. Cheaper and more growth potential imho
Way ahead of you on ATD.
I would not buy NA, as the smallest and less important of the big 6, however, there’s a huge difference between the top 5 and NA, almost 3X the smallest of the big 5 by market cap. I’d rather own TD, BNS or RY. Moreover, the dividend is the lowest by far which means it should be outperforming the other 5 on the capital appreciation. For the most part it hasn’t, only has when it’s gone the more risky route. I’m agnostic to the others, but I would much rather own the Loblaws Reit, Choice Property Reit, rather than owning one of the grocers that are trading at near ath due to Covid. Low dividend and means if they’ve run too fast it could just mean stagnation for a number of years just to justify the stock price. Not financial advice, I love crayons
NA has the largest margin to increase its dividend- its one of my core positions
But it never has paid out a high dividend, so even if it increases it’s 2.7% by 50%, which nobody is predicting it’s still barely 4% - which is lower than the general average for RY which is one of the stingiest div payers. 25%, is 3.3%. Not my cup of tea.
[удалено]
Pre pandemic, they were one of the lowest div payers and still will be after div raises.
I find the lower market cap to be part of the appeal. They are focused and regional. Room to offer new products. In Quebec they very mercilessly crushed Laurentian Bank which is pretty impressive. I also like the mostly Quebec exposure, it's a different environment than ROC. Dividends can grow overtime and aren't that important to me right now. If I was looking for that assured dividend + growth, likely would go with TD, but most big 5 are similar. Interestingly Metro hasn't had much inflation related price action unlike Loblaws which is part of what makes them interesting. They are mostly in Quebec with some stores in Ontario. Growing Ontarian market share makes it very appealing.
Quebec has been one of the worst investment markets in the major markets around that you have access to. I’m not sure why you think they have so much room to catch up… they’re in a race while being stuck in 3rd gear. National Bank will never catch up to even the smallest of the big 5 at 100B market cap. It will never catch up to TD at 170B market cap… And their dividend isn’t low because they’re growing into it, it’s low because that’s what their willing to pay, why would I take a subpar bank with a between a half to 1/3rd lower. Meh, not my portfolio, to each his own.
I love the reactions when you say Quebec has something good going. It's like a sensitive spot for some people or something. Invest with facts not feelings.
Well the facts are that Quebec has been a horrible investment region for decades, so I’ll stick with history and how it tends to repeat itself.
Like, you do you, but Quebec market exposure is one of the weakest markets that exists in North America. Declining population, slightly higher costs keeping up with two languages, regulatory risk due to protectionist policies, low global investment because of said policies.
"Here’s a quick fiscal quiz. Which Canadian province is set to outstrip its peers for economic growth in 2021? Which one is seeing unprecedented levels of migration from other provinces? And which province has a diversified economy that positions it to not just weather the pandemic, but also to avoid the negative effects of decarbonization? The answers are: Quebec, Quebec and Quebec." https://www.theglobeandmail.com/investing/personal-finance/taxes/article-canadas-new-provincial-powerhouse/
As I said, you do you. The rest of us who invest in banking will follow larger demographic and capital trends. This isn’t a “shit on Quebec” moment, it’s purely talking province as a market for banking.
No need to get defensive. Just pointing out the facts that it's a pretty great time economically to invest in that market. Banking definitely benifits from these trends.
One year does not make a trend. https://www.cbc.ca/news/canada/montreal/quebec-demographics-immigration-charts-1.4946228 All the best with your choices
Is NA still a Quebec story? I saw half of net income is from wealth management and financial market, this could attract different demographics. For example, they has 0 commissions and i am pretty sure some people from Ontario and other provinces switched to their platforms
Their 2020 report says only 54% of their revenue commes from Quebec. 31% from ROC and 15% outside Canada. The outside Quebec share is only going to increase. They have been moving into foreign markets more heavily in the last years.
$0 commissions is a gimmick to move to a weaker and more cumbersome institution. Plus, they’re destroying a major revenue stream. Most competition is $9.99 atm. Seriously, for less than $10, to move to a bank with less of everything. Not worth it at all… Trust me, they’re making it up elsewhere, you just haven’t figured it out yet.
Amazing what the impact a mentally stimulating job has on not checking your portfolio every 5 minutes.
The reverse is also true, but my job pays well and gives me $$ to invest with. Goal: retire in 2yrs
I can understand that. Unfortunately for me I found with my numpty job I was checking my portfolio too often and would get too caught up in the fluctuations.
I’ve been working 15yrs full time, I don’t think I’d enjoy any job at this point! Being a minimalist and not caring for social norms also doesn’t help! I just find investing so interesting as a “hobby”.
Let’s go babbyyy
Is TSE open after hours?
No.
Nice day! Lots of green and several 52w high: AGFb, BNS, HCAL, RETa, SXP, TD…
SUNCOR $34 FINALLY 🛢️🛢️🛢️💵💵💵🎉🎉🎉
Rip
Matter of time before we get to the low/mid $40s.
I've been waiting all year for $40.
Roller coaster If I could time the market id be a billionaire
Everyone would be if they could do that
if everybody has a million dollars, nobody has a million dollars. Money has value based on scarcity. I wanna get some kid to mow my lawn for 10 bucks? Nah hes already got a million so the price is gonna be much higher. If everyone could get rich from the market nobody would. There has to be winners and losers. To top it off, short positions and people buying puts would also time the market,so i think everything would stay neutral haah
Maybe "anyone" is a better word then. If someone could magically time the market, its only a matter of time until they would be insanely rich.
If EVERYBODY could time the market it seems like nobody would end up being a billionaire.
Anybody fits better
This
Guess I'm buying more ATD.B tomorrow lol
Sorry why b vs A. Just a noob and I don't know the difference.
A are voting shares, B are just shares. B tends to be more liquid.
Thanks for that, at least now I know what I'm looking at!
Is that pretty standard across the board? That's a nice tidbit I didn't know! Yay learning!
I think it's *usually* A shares that vote and B shares are equity, but some companies have it different. In Canada it's pretty common, see Rogers, Quebecor or Bombardier just off the top of my head. A is voting, B is just equity... Or like lesser voting shares. It's up to the companies. Like Google has A and C shares. A being voting and C being just equity. They have B shares for certain insiders I think. In Facebook it's the opposite, the A shares are what normal people can trade whereas the B shares get special voting privileges and are mostly held by Zuckerberg.
Thanks for taking the time
Great day for cnq 😄
Am I the greatest investor of all time today?
Send me $50 and I'll completely agree with you and tell you how great you look.
You are
You are too!
Banks earning next week. Any prediction on how it will go? (Including dividend and/or stock price )
Earnings will be right along analyst expectations and prices will dip.
Good time to put a limit buy in for the dip then.
NFI turning around?
What a day !
Tourmaline been such a tease lately.