Investment Q&A

Q: My sense is that Dollarama will continue to grow on plan and perhaps do better under the US Tariff plan.

From a Tariff perspective please provide your evaluation of the following names and how they might prevail or be negatively affected by US Tariffs:

SHOP
ATD
DOL
PRL (propel Holdings)
WCN
GFL

Thank You, Patrick

Q: Could you please provide the names of the companies in 5i Portfolios, which could see a meaningful impact on their business, in order of Major to Moderate, if the Tariffs on import of goods/oil from Canada, as announced by the US administration, starting Tuesday, continue for at least 3-6 months.

Please exclude the names which are least or not effected.

Thank You

Q: You answered a previous question and indicated that Algoma would be affected by tariffs more than most. With imported steel costing more would it not be an incentive for domestic buyers to buy more from Algoma versus US and overseas and perhaps the effect is minimized .

Q: What Canadian resource companies 1. Have a high US ownership 2.most exposure to tariffs? Many thanks..

Q: Is MRC undervalued and if patient can be held long term? Any chance of buyout and what is the net asset value. Thank you,

Q: Today, Feb. 1, 2025, Vanguard USA announced many fee reductions.
Do you know whether these fee reductions apply to Vanguard Canada ETF offerings?

Q: Good morning - can you give us a sense as to what Cdn companies (say 10) that would be most adversely affected by a tariff war with the US? Many thanks as always.

Q: If you could only buy 5 stocks today in North America what are they and why?

Q: Hello Peter and 5 i teamTo a question a member asked after the Deep Seek 'revolution' re who would benefit with lower cost and more efficient AI, you answered that :'efficient AI could help lots of companies. Here are some that we think may benefit: SNOW, MDB, DDOG, PLTR, FRSH, NOW, NET, CRM.' Would you also include PATH in the same category?

Thank you for your always valuable insight,

Adel

Q: I am underwater significantly (-20 %to 30%) on the above 5 companies. I have a well balanced portfolio so am looking to either sell the above and replace them or add to them. Can you please give me your thoughts on which ones you would ditch and which ones (if any) you would add to. If you have any suggestions as replacements for any that you consider should be sold I would appreciate it. Thanks for your ongoing great insights. Peter

Q: Can you provide your thoughts on this weeks KKR investment in HSIC. What does this mean for HSIC and its possible future.

Q: I have been trying to get my head around what will happen with Trump's war against Canada. I have tended towards devastation to the Canadian economy and as such have shifted some investments to the US and taken a 25% cash position at least until we get some clarity on the situation. I would really like to get an understanding of just how devastating it would be. Assuming Trump does put a 25% tariff on Canadian goods just how bad does 5I think things could get . Unemployment numbers ? How deep a recession ? How or even can we weather the storm ? .... And any other thoughts you may have if we get the full brunt of a 25% tariff ? .....
I have been questioning my fears simply because Mr Canadian Market is so far not panicking { but I am } ......

Q: Do you have any recommendations where to low risk park US dollars and earn 4-5% interest while dollar cost averaging into US stocks?

Thanks
Brian

Q: Hi, Could you please comment on topicus acquires 9.99% Stake in Asseco Poland S.A.
thank you

Q: Hello again. May 8 as for your comments on earnings please

Q: Could you comment on their latest guidance and update

Q: Looking at the REIT space given what seems to be a general decline in share prices of most real estate ETF's and general real estate related shares over the last few years. I already own DIR.UN and now I'm looking to add a REIT to the mix that offers at least a 6% dividend. I know you also like GRT.UN and CAR.UN. What are your thoughts on MREL and HGR as ETF options? Can you compare the two for me? Also would you suggest an alternate ETF to those tow ... or even a single REIT stock that you think can do well over the next 2-3 years and offer 5% dividend and capital protection.

Q: In an answer to Terry this morning on industries that are vulnerable to tariffs 5i put pipelines as the second most vulnerable . When I asked the same question about the stocks in my portfolio's vulnerability, 5i said about ENB ....." ENB may not be impacted much and in fact is planning on expanding pipeline operations if there is a surge in US drilling under Trump. " ....Could you please clarify ? If I'm vulnerable ENB is going to be sold ..... Thanks for your terrific service .......

Q: Hammond Power has been drifting lower everyday and It looks like that the stock could soon break below, $98 support level, with US Tariffs confirmed making company's products exported to US, more expensive, increasing the risk of losing market share to its US based or competitors.

Is it prudent to be proactive and sell all holdings ( as of now we have about $15 gains ) or reduce by at least 50%, to avoid such scenario and revisit later, when there is more clarity/visibility ?

The proceeds may be held in cash, or could be used for 5i favorites like Terravest, Propel or Kneat.com, companies with strong momentum and none to minimal tariff issues. ( I am aware that these business are in a different sector altogether ). Thoughts ?

Thank You

Q: Hi 5i Research team,
Which among your favorite Canadian companies are down significantly this Monday morning, but are unaffected directly and indirectly by the tarifs and conter-tarifs?
Thank you for your collaboration, Eric