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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Good Morning Peter,

When the Bank of Canada cut it's interest rate by a quarter point last week and a good posibility of another cut coming soon, will this change your thought on holding SLF. I thought that the one reason to hold this stock was because interest rates were going to go up a bit this year. It now seems interest rates are not going to raise for a long time now in Canada nor in the U.S. as the strong dollar is causing problems for the U.S. as well and if they raise interest rates it will cause the U.S. dollar to go even higher.

So I would appreciate your thoughts on sunlife these days.

Thanks Charlie

Read Answer Asked by CHARLES LA on January 27, 2015
Q: Hi 5I
I've tried in vain to understand IRE delisting (ADR's)from NY. I am with a discount broker (BMO) and I hold 1200 shares. I don't know if I can continue to hold the shares in kind at BMO (ADR'S) or do they get converted (or liquidated) and after 1 year can I continue to hold the converted security in the discounted brokerage.Excellent Site.
Thanks Bob
Read Answer Asked by bob on January 27, 2015
Q: Although outside your scope, any comment you can make on this company would be appreciated.
Thanks.
Read Answer Asked by Ron on January 26, 2015
Q: this company was recently picked by one of the marketcall investor gurus... it was also recently named one of the best
banks in the U.S. I have been looking at Bank of America for the last few months but have been reluctant due to their never ending legal difficulties... what are your thoughts on both the
company itself and the area is doing business??
I was raised in b.c. and am reasonably familiar with the northwest u.s. area which seems to continue to be an extremely
vibrant economical area... appreciate your thoughts!!
ed in pointe Claire, quebec
p.s. - other than within the Canadian Index etf's the only other financial I own is CEW (the equal weight banks and insurance companies)
Read Answer Asked by edward on January 26, 2015
Q: MIC and HCG are both half positions in equity income with growth RRSP with 20+ diversified portfolio. With change in "climate" in Alberta, I am thinking of selling MIC and buying HCG. Makes sense? Your take please.....thanks.....Tom
Read Answer Asked by Tom on January 26, 2015
Q: Adding to the question I sent a little while ago....I just found this:

http://www.bankofireland.com/fs/doc/wysiwyg/bank-of-ireland-nyse-delist-21-1-2015.pdf

They're delisting from the US!!!! Would you please tell me what should I do? Thanks so much!
Read Answer Asked by Silvia on January 26, 2015
Q: Hi team, Hopefully you can help me. Supposedly Ireland will be the fastest-growing economy in 2015 for the second consecutive year.

According to the Goodbody report, the Irish recovery is solid and based on strong domestic demand. After 5 years Ireland's budget deficit will dip to 3% from 32%. More on the link:

http://finance.yahoo.com/news/goodbody-ireland-once-again-europes-115939440.html

On top of that, Moody's upgraded deposit ratings of Bank of Ireland (not sure how important this would be).

Would've thought these were all good news and IRE would be up not down by almost 8%!! Any thoughts please.

Thank you!!
Read Answer Asked by Silvia on January 26, 2015
Q: Hi Team

regarding the canadian banks in general:

1. why have they started the year down so much ?

2. with the sudden drop in interest rate by the Bank of Canada, how do you think this will affect the Canadian Banks ?

3. Is there any reason to hold back on buying in on the banks for any foreseeable issues in the next 3 months ?

4. of the big 6 including national, can you rank them in order of

A. overall growth and
B.future likelihood of dividend increases.

thanks

Ernie
Read Answer Asked by Ernest on January 26, 2015
Q: Based on your experience, will you please give your opinion/evaluation of the latest news release. It seems there are some big criteria to meet next week and I notice Mr. Graf uses the word 'could' regarding completion. Does it seem more likely to you that the arrangement will not complete or can there be another extension? Any light you can shed on this is much appreciated. Thank you.
Read Answer Asked by Gayle on January 23, 2015
Q: Hi Peter and Co,

Market didn't seem to like RBC's decision to buy City National today, as it's down roughly 2% while the other banks are up. I haven't read any negative press on this deal from the analysts, so was wondering what your take on this was.

thx.
Read Answer Asked by Steve on January 22, 2015
Q: You last commented on First National last August. Could I please have an update, especially in relation to the drop in interest rates. Thanks!
Read Answer Asked by Paul W on January 22, 2015
Q: Hi,
Just a question on Chesswood in light of the new CDN interest rate cuts-
Chesswood reports in CDN though it does much business in the US, and
it is interest rate sensitive, with a high dividend- with all of these now positive factors in mind, why is the stock still struggling? Seems like a no brainer purchase.
Thanks for your input.
Read Answer Asked by Pat on January 22, 2015
Q: Chesswood has been weak this year and wonder what you think of it, and when do they report earnings. thanks
Read Answer Asked by don on January 22, 2015
Q: Just a follow up question to the American banks would you personally recommend the Zub etf or buying say two U.S. banks such as Bac Bank of America and Wfc Wells Fargo
Thank you
Read Answer Asked by jason on January 21, 2015
Q: Peter and team Could you let me know if you prefer Counsel Corp or Atrium Mortage I am tired of hearing interest rates are going up I want to add to my Financial Services position

Thanks
Paul
Read Answer Asked by Paul on January 21, 2015
Q: Recently, these two credit card companies have been talked about as worthy investment Opportunities. Between the two im looking for Growth and Income, 2 to 3 year hold, which one would you favour, and why?

Thank you

Stephen
Read Answer Asked by Stephen on January 21, 2015
Q: I am concerned that a flat yield curve is bad news for HCG in that their margins will be squeezed. I don't think that they will be able to repeat past years' performance. When they were profitable back in 2009, the yield curve was steeper than it is now. I am down 13% with this stock and considering moving on as I think the future does not look bright. Do you think this could be the reason for the drop in the stock price?
Read Answer Asked by Richard on January 21, 2015