5 from 5i: Monetary Stimulus: It Was Good While It Lasted

The S&P/TSX hit a record high on Wednesday on the backs of numerous quarterly results. BCE (BCE) reported a better-than-expected quarterly profit on higher subscriber additions in its wireless network. Bombardier (BBD.B) said engine delivery issues will force it to reduce the number of C Series aircraft delivered this year, but it expects to nearly double those shipments in 2018. Enbridge (ENB) posted a quarterly profit that was short of analysts’ estimates, hurt by a decrease in natural gas pipeline volumes, offsetting gains from the assets it gained in the $28 billion Spectra Energy deal, closed last September. Cenovus Energy (CVE) announced quarterly results that were in line with expectations. The company doubled its production compared with a year ago, boosted by its acquisition of most of the Canadian assets of ConocoPhillips (COP). Sleep Country Canada Holdings (ZZZ) tumbled after the mattress company reported a quarterly profit that missed estimates and analysts cut their ratings and price targets. Here are five stories we found interesting this week:

  1. How global Central Banks are starting to tighten monetary policy

  2. Does Bitcoin belong in an optimal portfolio?

  3. The Down Under King of Lithium

  4. Do large, positive market returns proceed big drawdowns?

  5. Some lesser known TFSA rules
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