Q: Please compare these companies in light of a possible recession and the tech and financial sector. Which would be your 1st choice for long term.

Thanks as always and happy to renew my membership again this year.

Q: Please rank these companies on an expected total return basis for a 3 to 5 year hold. Some commentary would be appreciated. Thanks ram

Q: I am a long-time shareholder in CGI Group (ticker: GIB.A on the TSX), a Canadian success story. Since 1996, the stock has risen some 300-fold (from 40 cents, split-adjusted, to new high this past Friday (~$122/share). One reason for the dramatic capital appreciation over the past 27 years is that, to my knowledge, CGI Group has never paid a dividend, preferring rather to buy back shares most years. I am curious, given the Canadian federal government's announcement re: taxing share buybacks (beginning in 2024, I believe), how you feel this might affect CGI share buyback policy in particular, as well as for other Canadian companies, in general.

Ted