Canadian banks are really killing it this year. For the year, the S&P Canadian banking index is up 24.5%, compared to just 21% for the S&P/TSX Composite Index. It has been a period of considerable outperformance for the nation’s largest financial institutions. For the most part, this strong performance has been backed by the underlying…
Recently, Canadian energy giants Strathcona (TSX:SCR) and Cenovus Energy (TSX:CVE) have been locked in a bidding war over the smaller pure play E&P, MEG Energy Corp (TSX:MEG). The two larger companies have made their bids for the smaller E&P and look committed to closing the deal. The stakes involved here are relatively large. MEG is…
Are you looking for high-quality stocks that pay dividends monthly? If so, real estate investment trusts (REITs) are the pile you want to go looking in. Unlike most other stocks, REITs routinely pay dividends monthly. In most sectors, monthly payments are practically unheard of! So, if you want a high monthly income from a stock,…
Are you looking for deep-value stocks to buy for high yield? If so, real estate investment trusts (REITs) are worth looking into. REITs are pooled investment vehicles that trade on the stock market. Though their status as “stocks” is somewhat debatable — legally speaking, they’re more like mutual funds — REITs are liquid just like…
Can you really build a $35,000 annual passive-income stream starting with just $500 monthly investments? It might sound too good to be true but — over a period of decades — it can be done. A typical investing lifetime is about 30 years. $500 per month over 30 years is $180,000. If you simply sat…
Can you really transform your retirement starting with just $7,000? It might not seem likely, but if you still have a decade or so to go until you retire, it can be done. $7,000 can grow a surprising amount in 10 years. If you invest $7,000 at a 10% rate of return over a decade,…
Are you looking to invest a “medium-sized” sum of money — let’s say $5,900? If so, you need to know where you will put that money to work. While it’s tempting to talk to a bank advisor and invest in whatever they recommend, this sometimes results in you being invested in high fee funds. So,…
The Toronto Stock Exchange (TSX) set a new all-time high last Tuesday. Closing at 26,029 points, it was slightly up from Friday’s close, which itself was headline-grabbing. The TSX’s all-time high might have grabbed headlines because the milestone contrasts sharply with the performance of the U.S. indexes this year: the NASDAQ is down and the…
Earlier today, the U.S. and China made a joint statement in which they announced that they would be lowering tariffs on one another by 115%. The U.S. tariff rate on China will decline from 145% to 30%, while the Chinese tariff rate on the U.S. will go down from 125% to 10%. The biggest tariff…
AI stocks are some of the hottest equities in the markets today. Involved in the development of apps like ChatGPT, Gemini and Dall-E, they are attracting a lot of investment. This year, investors have the opportunity to buy AI stocks at (relatively) discounted prices. Following hot gains in 2023 and 2024, AI stocks are taking…