Investment Q&A

Q: Riocan and HBC , REI issued a detailed sedar report , are there any analysts report(s) to assess the fair value of REI units through the process of HBC winding down its stores?

Q: Hi Peter and co,
Although Mark Carney has eliminated the *consumer* carbon tax (which leaves industry still paying it I suspect, and the costs will still get passed through to consumers), given his track record and recent comments about commitment to net-zero and "heavy emitters will have to pay", it sounds to me like there will be significant headwinds for Canadian Energy companies if the Liberals are elected. I am considering lightening up on my Canadian energy holdings, given the probability of 4 years of energy-hostile policies. What are your thoughts on this move, for or against?

Q: Thank you for your list of available covered call ETF's . A bit to unpack here . Could 5i give me some assistance doing it ? .....

The current Yield of each ?

The structure of each ? .... { for example part of your answer was " GDXY may be of interest. " I'm assuming some leverage here as the yield shown in TD Waterhouse is 29% . How much leverage ? And what is the structure of this and the other ETF's ? }

The risk profile of each ? ...... { for example on the Yieldmax website they outright tell you GDXY is high risk . I would like to know why and what that risk is ? And a similar assessment for each ETF recommended ? }

Also if 5i were going to hide in some high yield covered call gold ETF's until after April 2/25 { tariff day } and likely longer as I'm convinced it isn't going to be a good year for Canada. Put a numerical value for each ETF listed from one to ten with one being most favored and ten being least favored and why ?

Also if there are any tax consequences inside a RRIF ?

Thank you for your terrific service .....

Q: keep hearing that utility sector would be a good place to hide if we go into a reccession. what stocks are considered utility. i realize fts, ema, but would trp, enb, bep.un, bip.un also be considered utility style stocks.

Q: When companies like Telus issue millions of Restricted share units (RSU) like it recently did does this affect the share count and are these free shares given out as compensation irregardless of performance of the company? Thx for helping me to understand.

Q: I've held Canadian National Railway (CNR) for over eight years, achieving a modest return of about 8% per annum, which has lagged the broader Canadian market. As a retired investor seeking both income and growth, I’m considering swapping my entire CNR position for TFI International (TFII). CNR has provided stability and a reliable dividend—currently around 2.3%—but its growth has been underwhelming, and it trades at a relatively high valuation, around 19-20 times forward earnings. In contrast, TFII appears undervalued, trading at roughly 15-16 times forward earnings, with a stronger historical growth trajectory, driven by its trucking and logistics operations and savvy acquisitions. However, its dividend yield is lower, at about 1%, and it’s more cyclical than CNR’s rail business. Given my goals and the small capital gain I’d realize in my taxable account from selling CNR, does it make sense to trade all of my CNR for TFII? How do their risk profiles, income potential, and long-term growth prospects compare for someone in my position?

Q: Just a comment with regard to RoC paid by ETFs...if there is a large inflow of new funds between the payment declaration day and the date of record that can result in RoC. For example, an ETF such as PSA declares a 9 cent interest payment with the date of record 2 weeks in the future. If the 9 cents is 100% of the interest earned but a large inflow occurs before the record date, the ETF would likely have to pay out the extra interest as RoC. I imagine this can be minimized by holding back some of the interest earned in case that happens.

Q: Can I have your opinion on this fixed income etf.
It is Blackrock first actively managed fixed income ETF.
The US version is called BINC.

What are the risks/benefits of this product.
Thanks a lot.

Q: Without getting political can you please comment on the following scenario. Donald Trump is successful in weakening the independence of the judiciary in the U.S. and it becomes clear to people and businesses that the U.S. is moving towards a sort of Russia style 'sham' democracy. Would this produce a rerating of U.S. stocks? And if so what kind of guess can be made as to the percentage drop as the reality sets in over a few years? Thank-you.

Q: In a recent answer there was a recommendation that BRK.B would be a solid growth stock for years to come. Just curious given the U.S./CAD exchange rate, what are the pros and cons to buy BRK.CA instead of BRK.B?

Q: Do you like these two banks which one would you prefer would you buy them now or wait

Q: What do you think of wjx at these levels for a income investor. If Canada decides to build pipelines would it help this company,

Q: What 5 stocks either USA or Canadian would you feel could be good shorts prospects if we get a full blown Tariff war

Q: As a follow-up to Larry's question on KNEAT, do you think it is a duplication to hold it as well as VHI?

Thank you,

Mike

Q: Hi team,

My question is regarding Bitcoin. Do YOU hold it, and maybe an explanation why or why not?
An attractive entry price?
Are there other cryptos that seem appealing?

Thanks

Q: In today's Bloomerg an article said that Brookfield and others are finding bargains in Trump's Big oil era. Its a buyers market. It seems for those with pateince, buying BEPC or BEP.un is a good move and you get decent dividend while you wait.

Q: Orla stock dumped on Friday. I wonder if gold stocks have seem their best growth? I have about 7-8% in gold and wonder if that's too much? Which of these would you sell first. Orla has mad the most money?

Q: Good afternoon all; Given recent market performance can I get your assessment of ASML. It is down on an annual basis and since November, while it has bounced around the price is relatively flat.

I would appreciate some background on why it has declined, it their near captive market expected to increase its rate of growth in the mid term, and if a potential buy, at what price would you get interested in it?

Thanks as always.

Dave

Q: I've held Premium Brands Holdings Corporation (PBH) for eight years with minimal returns. Given its recent challenges, such as weaker Canadian sales and a premium valuation relative to peers, I’m considering switching to Alimentation Couche-Tard (ATD) for better long-term growth potential. ATD seems to offer a more resilient business model, steady earnings growth, and strategic acquisition opportunities, like the potential 7-Eleven deal. What’s your view on the rationale for trading PBH for ATD and the timing? PBH is forecasting stronger growth however rarely materializes... Does ATD’s scale, diversification, and growth trajectory make it a stronger candidate for long-term value creation, or should I hold PBH given its U.S. expansion plans and historical dividend growth? Welcome hearing 5i's insight especially considering PBH's pop today resulting from positive earnings report. Thank you!

Q: Thoughts on the quarter please?

THX